oh by the way, if u ask me, my tp is rm3.80 at least, but to realise that might take long period of time

i agree with u @Johnzhang... some of the analyst's valuation is wrong.. for example in mmc case, i would say kenanga's valuation is totally wrong. they double counting the effect of debt, hence their tp is 1.05.. and yeah, we minority has been taken for a ride by controlling shareholders for too long, especially all these tycoons like AK etc.. we have our rights to vote, at the end of the day, its up to u, ur money, ur vote.. at least we dont have elon musk here huhu

with the conglomerate discount, the analyst will never value this company like how they value westport. and the discount can be very ridiculous.. so if the shareholders reject this, yeah like what sincerestock said, the price will go back to pre-announcement. another thing is to note, no matter how good the quality of the NTA, there has never been SCR above the NTA, at least since 20118. most of the SCR since 2018 has been not fair but reasonable, and the reasonableness is because the historical has always been below NTA. trust me, IA would tell them to ACCEPT.

Regarding the timeline, assuming no extension sought from TS, after the deliberation by the boad on 15 july, the T will kickstart, and the circular will be out by 35th day, and egm 21 days after that. the issue on the timing is on the application to court and when the company plan to pay the shareholders as they can drag the lodgment of the order too. court process can take long too, can be as fast as 1 month to 3 months. Like pelangi case, the solicitors only made the application to the court long after egm but in mtd, the application was done right after. u can check bursa announcement on this.

huhu oh well, lets just wait n see then..

https://www.theedgemarkets.com/article/mmc-likely-undertake-shiptoship-transfer-business-yan

"In mid-March last year, MMC hit a multi-year low of 48 sen, leaving many to speculate that Syed Mokhtar and Permodalan Nasional Bhd (PNB), which via its various units has a 20.97% stake in MMC, would take the company private."

so ppl already speculated this since last year.. TS would already belakang2 kaw tim with PNB kotttt.. and maybe he janji port listing u will get the first right of refusal

@Investor48 :):):)

@Ogopogo ;) yes.. hence some ppl bet some ppl invest

no point talking about mmc's potential now. its all gonna be belongs to TS soon. wats important now is the price now.. hopefully sellers stop selling at 1.80 but higher hehehe

@JoshuaMS7 what good newws??? dont la give hope liddat..

@Ogopogo i disagree, u can bet on stock market too. u can refer to Nassim Nicholas Taleb's black-swan strategy.. he will buy an out-of-money option, and betting on that event will turn into 1 big return if that unexpected/black swan event occur.

i think those who sells at rm1.69 were the contra players, they die die have to clear their position.. i think la.. now, if only sellers could stop selling at this price and let the share price naik to at least to rm1.85, that would be great

i see i see.. yeah, wwarrant players if u wanna bet pick the longest maturity, i c29..

@Ahmadahmad88 what do u mean "Warrant players after announcement got burned?"

With all due respect, before the announcement of SCR, the price was RM0.355 for c24. After the annc of SCR, say today u can sell it at RM0.95, u have made 167% profit.

Whereas if u bought mother share, say when u bought the average price of RM1.16, even until the completion of SCR, u will get RM2, thats only 72%.

judging by the market reaction this week, i doubt TS will revise the price, just my instinct. seller sells at 1.80 and no buyer beyond rm2. so its safe to say those who bought at 1.80 will accept the offer. if seller only sells above rm2, then ts should be afraid cos these ppl wont accept anything less than 2, hence he might have to revise the price.

the deadline to 15 july for the board to deliberate usually the time the offeror gage the market reception. but if ts willing to revise, thats bonus.. just my 2 cent

can the seller stop give in to the buyer and just sit tightly queue at at least rm1.90.. oh well

@aliyusof yes its from shareholder. u dont get what i mean actually. SCR is considered by the company. if u read the letter, board has until 15 july to respond.. this is not like normal GO when the offer doc is from the offeror. SCR is via egm, circular. hence its like a transaction by the company

most of SCR is below NA but above historical market

@abc333 yup.. in this case, i dont think the scr completed b4 expiry

@aliyusof SCR will require board deliberation.. not sure if the board can reject or not. SCR is not like normal GO, as this is considered as transaction by the company. but as we all know, that never happened before. and yes, TS cant simply abort, that is wrong. he can kena from the SC

the above is "the VWAP of the Underlying Equity (subject to any adjustment as may be necessary to reflect any capitalisation, rights issue, distribution or others) for the five (5) Market Days prior to and
including the Market Day immediately before the Expiry Date; or
"

@abc333 im not sure if thats applicable to every warrants, i checked uob and cimb, let mu quote it here

"If the Expiry Date falls within the Take Over Offer Period or the Compulsory Acquisition Period, the Closing Price shall be as calculated
above or the announced price for the Take-over Offer, whichever is
lower (for call warrants) or higher (for put warrants), as the case may
be."


SCR will take longer time since it will have to wait for board deliberation, then EGM (special reso will take 21 days), then application to court.. then its up to the company when they wanna lodge (usually 1 month within the courts approval).. so 3-4 months or even more time required before scr is completed. hence most of the warrants will expiry before/within take over offer period.

@abc333 your're not entirely correct there.. u will not get rm2, infact u will get the last closing price before suspension. thye will choose the offer price or the last price prior to suspension, whichever LOWER.. so if u wanna bet on warrants, the best bet is c29.. if the offeror revise the price then its ur win, if not u still wont lose money cos it will not be traded below ur entry price today.

c24 when the mother price was 1.69, it was selling at 1.04 hahaha

lol, if u sell ur warrants now not the ib la rugi.. what logic is that..

im sure ts has something bigger and more tricks up his sleeve.. 2.94b to all of us, then he will ended up with company with RM553.3 million in cash and other investments of RM2.076 billion.. so net money that he paid to the shareholders is just 300 million.. of all u know he already has another shark beside him

yeah true.. even mintye berhad revised the price after the market reacted negatively when they announce the first announcement. pls ts revise the price

not complaining tho.. pls trade above rm2 o that ts will revise the price

@Moratorium of cos the share is tradeable.. but im telling u, if u keep on buying above rm2, then the upon getting shareholders approval, assuming it will be approved, u will only be repaid with rm2. hence where is the logic buying above 2

how is that possible? limit up more than rm2? errr the offer is rm2.. why would u buy more than rm2??

so these ppl buy c23 at RM0.395 just to get back RM0.357? what is that logic? am i missing something?

why ppl buying C23 at price higher than RM0.357?

The formula = (2-1)/2.8 = should be RM0.357

hope ts revise the price huhu

:) true, we sail to the sun at night.

where to park money after this? this is the only good place i know.. this ship was supposed to take me to the sun :_(

yeah, true
-----------------------------------------------------------------------

If TanSri GO at rm1.80, memang we kena kaw2 lah. He knows his NTA is way higher, why share with all of us?

if ts privatise at rm2 its a win to him big time.. he can relist the port at 15 times PE..

selective capital reduction is a way of privatisation that go thru egm and court. longer than standard GO in terms of timing

In DLLKT we trust.. hopefully not privatise but a very good deal

i hope if there is an offer, it would be higher than 2 huhuhuhu

the recent article in the edge said ts already in talk with pnb.. so they could offer at lower price. so thats game over to minority hoping for higher price. and for independent adviser, they can always say not fair bcos lower than intrinsic value, but they can say reasonable since the offer is higher than past 12 months price and recommend minority to accept the offer..

1.30 please today
1.40 tmr
1.5 Monday
:):):):):)

institutional funds come here pls, dont play play o&g anymore

huat huat rm2.00 pls

how to reinvest the money when payment is at the end of this month? :(

U reckon ts will privatise this company? :(

why JoshuaMS7 why? with such profits and good fundamental, why should it be below RM1? is the market broken? do ppl not value investing anymore?

i will wait until price reach the intrinsic value of RM3.80 (or somewhere around that price)..

i will wait until price reach the intrinsic value of RM3.80 (or somewhere around that price)..

i tot it could at least fly to rm1.50.. so sad heavyweight despite such good nnumbers.. look at dataprep, loss making but has been flying ever since

with all the good news and potential, this counter still at this level.. so disappointing..

so slow la mmc to the galaxy..