.....whatever remained are mere formalities.

Nothing new was said that was not already said other than the 20% stake is inaccurate.

I am equally confident.

Hahahahahah

Sir. It is uncouth to label all other speculations as cattle dung. Yours is as much a speculation.

Time is the essence and the federal government has provided bridging
loans. Money is no longer an issue.
LTAT is out of ICU and ventilators
taken off. LTAT can do wonders to raise money now
that Boustead and BPlant are taken private.

@TheContrarian
Your premise "UMNO will not allow LTAT to sell their controlling interest in Affin." As such you think, at the very best Sarawak will only invest in Affin.
1)BPlant. It was a Bersatu MPs that objected to the deal on LTAT selling their stakes to Non Malays.
2) Why should Sarawak invest in Affin? There are so many other Banks they can choose to invest. And Sarawak doesn't need to invest in Banks in order for the Banks to set up Branches in Sarawak.

My reading, the leaders in Sarawak want a controlling interest in a Bank. It is strategic and fits in with their grand design to consolidate the economic activities, develop and sustain the development of the state.

Instincts tell me Affin Bank will declare Bonus issue 1:1. NTA 4.69. Current price hovering at 2.40. Ngam Ngam..

Sarawak Government is decoupling and moving towards self sustainability.

Reported in 2016
"I propose for the state government to set up its own bank named Bank of Johor.

To take it to the extreme, you can even print your own currençy when you owned a Bank. 😁

As most of us are aware, the MD announced he intends to deal during close period. 😃

EPF buys and sells everyday. It is pointless to read too much into their trades. EPF is virtually The Banker in Bursa.

Minister of Finance can approve share holdings exceeding 20%. 😃

I think the price is not an issue. Can Sarawak get consent from the Finance Minister to hold a stake, a comfortable stake whereby Sarawak can determine how the bank operates.

Compounding effect. Capital outlay and dividends combined will grow to double in 10½ years. Possible windfall from price appreciation. 😁

No stress. How many people earn more than 6% in the market? Old school people place money in Bank. Bank make 7% and pay depositors 2%. New school people buy Bank shares and let the banks pay them 7%.

I am an interested party. I own Affin shares.

Like other banks, the price at 3.50 is 0.75x PBV. Affin will see improved earnings with Affin AXA - the non profit contributing insurance arm hived off

Lowest price recorded for the last 52 weeks. Record. Blame it on China. 😁

The company maybe facing bigger issues than some investors selling down the share price! Fair value 0.67 sen.

KWSP now owns more than 9% of the issued shares. 😁

Affin undergone detox. Bank of East Asia has 24% share holdings. Guoco Group is a substantial Shareholder. How will it play out for the Sarawak Government should it decide to acquire controlling stake in Affin?

You mean LTAT likely to sell it's Affin shares at 0.49x PB? 😁

At 2.30+ is relatively cheap to sell a detoxed Affin trading at 0.5x BV.

And buy PWROOT lor.

@ 4.26 is 1.55x book value.

exactly.
we can find many of these people with unlimited time to spare hanging around the warongs with their chatters on women and sex.

I am going to wear a sarong the next time I visit a government department. While I know how to tie a sarong, I shall make it fashionable and wear it like the Burmese or Rohinyas.

One hit wonder. Keep spewing forecasts weaving facts with fantasies. Surely one or two of them will hit target. Nothing to gloat. 😁

Ya-lah. Use own self money to buy-lah. Semua masuk akaun kongsi. Mana boleh.

App alert set at 0.67 sen. Nevermind if the price doesn't touch 0.67. There are plenty of other counters to consider in Bursa. Bursa will always be there even without SKP.

Kenanga asked to sell before it drops to 0.63

Global. Ethical. Good management. Organic growth. Leverage on borrowings to expand. Unfortunately the global market conditions are not favorable.

Not too concern with past earnings. It's the future. Can the earnings be sustained.

KLSE Screener alert set for 0.67 Sen.

Aiyoh.
Sudah makan gua 0.77 sen.

Ok.
Instructions to Remisier
Sell 0.77

Ok.
Can sell 0.79 and buy back 0.67?

Who cares whether it is 30 Sen or 60 sen. Keep giving 8½ sen dividend will be great.

Buttered Butts.

unhealthy to spew diatribes in a public forum which does not bring benefits. preposterous to insinuate. inane to assume. mundane people live in chambers believing in their own echos.


Essentially some parties to the deal SCREWED UP super big time. The statement is purely crafted to MITIGATE the damages and far-reaching consequences to the already battered financial market. The damaged is already done and cannot be undone. Ended up being a buyer is an exercise to salvage any pride and dignity left on the sour deal.

Bursino asked 2 days ago in this Discussion:

Can any people with legal knowledge enlighten shareholders if they may collectively take this matter to court?

Please do not underestimate the power of the social media in the hands of those who are clever at manipulating falsehoods and adept at disinformation. Dezinformatsiya! Virality triumphs veracity !

Anger? Who is angry?

Just say there's plenty of drama. Some grossly exaggerated. Some could have used better choice of words. I can understand the emotions and empathize with them. It's money! There will be winners and losers. However I strongly believe it has nothing to do with the price limit up or limit down. Personally I think BPlant, LTAT and Boustead Holdings or maybe Bursa could have handled the whole affair with a higher level of professionalism. The pressers wrote "deal shrouded with controversies' which I believe there maybe some truth in it. I don't need to chronicle the events. To the suspicious minded people or conspiracy theorists (not me though),they may even come out with theories to suggest some parties may be complicit in engineering the price movements. Let this be a lesson.

Any history on KLK as a predatory business entity?

what do you mean? majority of them are and were the biggest losers. trained to obey commands and given crumbs, they were made slaves to the political Tuans.

KLK dodges RM2.9bil bullet with collapse of BPlant deal. Do you people still think it was strictly a business deal?

Did my memory failed me? I remember him being a Director in Boustead Holdings - of course political nominations.

@speakup. Even MCA members are radicalised and dumped him. Go to his hometown in Sempalit Raub. Nobody gives him 2 hoots. RD.

Someone panicked? It appears to me the POSSIBLE buy back announcement at 1.55 per share may be a stop gap possible dodge to prevent a possible price free fall which will truly damaging the already badly damaged credibility.