TUNE PROTECT GROUP BERHAD
KLSE (MYR): TUNEPRO (5230)
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Last Price
0.30
Today's Change
-0.01 (3.23%)
Day's Change
0.295 - 0.31
Trading Volume
1,438,800
IPO Info
Offer Period
Opening
2013-01-23
Closing
2013-01-23
Time Table
Allotment Date
2013-02-20
Listing Date
2013-02-20
Price
Issue Price
1.55
Units
751,759,980
Share Capital
0.000
No of Shares
Public Issue
up to 143,374,900
Offer for Sale
up to 66,850,000
Private Placement
up to 168,878,100
Issuing House
MIH 538
ISIN Code
MYL5230OO007
Prospectus:
INITIAL PUBLIC OFFERING OF UP TO 210,224,900 ORDINARY SHARES OF RM0.10 EACH IN TUNE INS HOLDINGS BERHAD ("TIH") ("TIH SHARES") COMPRISING A PUBLIC ISSUE OF UP TO 143,374,900 NEW TIH SHARES ("PUBLIC ISSUE SHARES") AND AN OFFER FOR SALE OF UP TO 66,850,000 EXISTING TIH SHARES ("OFFER SHARES") COMPRISING:
(I) THE INSTITUTIONAL OFFERING OF UP TO 102,028,100 PUBLIC ISSUE SHARES AND UP TO 66,850,000 OFFER SHARES TO:
(A) MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF FINANCE; AND
(B) FOREIGN INSTITUTIONAL AND SELECTED INVESTORS OUTSIDE THE UNITED STATES IN RELIANCE ON REGULATIONS UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING; AND
(II) THE RETAIL OFFERING OF UP TO 41,346,800 PUBLIC ISSUE SHARES TO:
(A) MALAYSIAN CITIZENS, COMPANIES, CO-OPERATIVES, SOCIETIES AND INSTITUTIONS; AND
(B) THE ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF TIH AND ITS SUBSIDIARIES,
AT THE RETAIL PRICE OF RM1.55 PER PUBLIC ISSUE SHARE,
SUBJECT TO CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION AS DESCRIBED IN THIS PROSPECTUS.
THE RETAIL PRICE IS PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO A REFUND OF THE DIFFERENCE IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE.THE FINAL RETAIL PRICE WILL EQUAL THE INSTITUTIONAL PRICE, SUBJECT THAT IT WILL NOT EXCEED THE RETAIL PRICE.
TUNEINS-Notice Of Prospectus.pdf
TUNEINS-Page 136 to Page 270.pdf
TUNEINS-Page 271 to Page 598.pdf
TUNEINS-Notice Of Prospectus.pdf
Discussions
11 people like this. Showing 50 of 5,269 comments
Hi everyone and DividendGuy67,
Tune still not off the ground.
How come Lpi doing so well but Tune struggling. Tune has broadened to other insurance areas BUT after a few years still struggling...
So what's the difference between LPI ( share price $12 and dividend of 66c for FY)..
Hmmmm.
I got out of Tune about more than a year ago with small profit.
Won't get in to this struggling
stock...
2024-04-29 20:39
Due to inflation the value of money depreciate year by year. If anyone invest in Tune Protect for more than 5 years without any profit should pull out from this stock, and Look for a great company (opportunity) to invest. Time is $$$$.
2024-04-30 11:10
You are correct ambrose123..👍...
I am newbie..
Can you tell me where and which stocks you are investing now?
Thank you.
2024-05-01 16:01
Was previous CEO highly paid. Co's need to pay for good calibre management..
Tune, dunno whether can get in now ?
2024-05-16 19:32
https://www.youtube.com/watch?v=LmXM5M9iBTY
Tune Protect Group 1Q24 Analyst Briefing on this Friday
2024-05-20 04:07
Poor results expected. As usual - it tries to sugarcoat losses with vague praises.
Will this co turn around? If not then better be a takeover target. Some other co will be able to make money out of this license
2024-05-24 21:01
Why TA announce BUY CALL for Tunepro even though Tune is loosing money ???
2024-05-27 12:10
TUNEPRO is one of 14 of my speculative trading stock where the goal is price gains. My average entry price is 30 sen, so, sitting on 20% unrealized gains. However, it is an extremely small % of my stock portfolio relative to dividend income. This is to cure boredom.
2024-06-12 00:14
Based on trade details, looks like some one is collecting tunepro share last one week plus; but that buyer is not chasing the stock, mere buying what's available for sale. Hopefully something good is on the way!
2024-06-13 22:18
Price has moved up a little bit, but volume expanded to 3m+. No news or rumours in the market but increased trading activities seem to indicate something is brewing. There could be several posibilities: pure goreng; appointing a seasoned CEO; new joint ventures; or some strategic corporate moves. Nobody knows; wait and see if there is any new development in the coming weeks.
2024-06-15 14:06
There are only two listed companies in the airline industries. What else can you choose
2024-06-15 16:53
Watch out for the new management team especially the new CEO; that will determine the direction of tunepro. There seems to be a persistent buying of tunepro shares in the last few weeks, which augurs well for the company.
2024-07-06 22:29
General insurance is a viable business; look at Allianze and LPI, they are doing very well. In the hands of a right CEO, tunepro can do equally well, just has to wait patiently
2024-07-06 22:36
New CEO is current CFO and previously AirAsia CFO for 5 years and Ex consultant background.
From the little linkedin data seems like a very hardworking person that's very serious. But lacks charisma to be CEO.
A cfo as CEO is usually OK for insurer. More control.
But can be bad if cannot lead distribution. Alternatively it's can be a sign that they'll take it private.
2024-07-29 23:18
results to improve further. looking forward to possible dividend by end of this financial year after many years without.
2024-07-31 13:51
Is TA good friend of Tune.
So many qtr in red, yet TA still put BUY call for Tune.
2 months ago
TA mention Tune will turnaround in 2H2024.
Hopefully it don`t turn upside down.
3 weeks ago
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Celaka payment 1.2 million for Director.
Payment so high yet company loosing money.
Shouldn't get pay if company no profit.
Tenang program also can lose money.
2024-04-29 20:29