why blame CW? price drop, siapa untung? privatization fail, siapa untung?

at this price level, this is the best counter I found in stock market to park my money and have a peace of mind

@ziyang8896 if I am not wrong, CW issuers are the one that have been controlling the price of this counter, prior and after privatization announcement, it have been the same style, so I believe should be the same entity, price DIP prior some of the recently expired CWs convinced me more that they are behind controling the price.

if that is the case, they definitely holding significant amount of mother shares to be able to control the price like this

with that being said, only CW issuers have a strong and convincing reason to vote against the SCR, so the final question is do they have enough mother shares to vote down the SCR?

all who believe the value of MMC like myself have already bought MMC prior the privatization announcement, some already taken profit, only those who firmly believe SCR will pass should stay

those retailers who stay and plan to vote against and hope the SCR to fail (so that price can be higher than RM2 in the future) are the delusional ones.

@sethoylo no, at this point only buy if you believe SCR will pass, no point to talk about value anymore when it is all about the result of SCR now, value is a thing only IF after SCR failed

@Syndicates your statement more like trying to inflict fear more than anything without any basis

btw, of course 1 announcement is pending, the result of the voting, and if it is the last announcement, then that means the voting passed. otherwise there would be a lot more future pending announcement from this company

@kinuxian hard to say imo, they mess up with CW issuers first in the first place for offering privatization, any chance they might miscount the actual mother shares holding by CW issuers, CW issuers will hold significant amount of mother share if they want to control the share price, with or without the privatization

not that I hope the SCR will fail, I actually loved MMC a lot, this counter give me the most profit ever since I invested in stock market, ASIAPAC being the second.

but at this point, since someone might have enough mother share and reason to vote down the SCR, I think it is much safer to park my money in other counter like SURIA, which has very very limited downside and without worrying any privatization fail risk, instead, SURIA has a chance of getting privatization offer, similar situation like MMC before privatization, priced below RM1.2, NTA RM3.2

just in case the SCR is being voted down, I will surely be glad to reenter this counter once more at price prior privatization announcement (Rm1.3)

@stockraider no, at this point CW issuers plan is not to keep it low, if they got enough mother share they will vote down the SCR, and since if they know they can do that, now what they are doing is profit taking instead of trying to keep the price low, the price will automatically be limit down the next day the SCR is rejected

@stockraider that also depends who is the one try to keep it low, the boss or CW issuers?

I overlooked the fact that they might also have enough share to influence the voting outcome

the issuers are indeed the operator that has been influncing this counter all the way from the beginning anyway, as someone who has been monitoring this counter for such long, I highly believe so

@taitaumau what an enlightment, yes, the issuers are the ones that benefit the most if the SCR voted down, I never thought of this before

first they sell the mother shares as much as possible to lock profit, then they keep just enough to vote down the SCR, so that they won't lose money when the CWs is expiring

a much more reasonable theory than gov backurptcy talk or PNB vote down

was thinking to reenter just now when it is 1.76, but don't have enough cash at the moment, so I think I will just pass this counter until EGM, especially after hearing this convincing theory

@Roronoa07

if the voting pass, last day = 1 day before exdate
if the voting fail, never for the time being

@diggiediggiedang we call it sell down because the seller is more aggresive, not really well absorbed imo, the price wouldn't go down if it is well absorbed at this point (less than 2 weeks toward voting EGM)

@Syndicates still too early to declare winners / losers before SCR result

@KeyBoardWarrior84 part MMCCORP James Ng cakap semua benda x de makna saja, cakap semua yang orang suda tahu saja, x da buy or sell call, cakap buy sell own responsible saja, x da makna suda cakap semua tu skrg, skrg main thing is SCR will pass or not saja, itu saja kami retailers tidak tahu dan mahu tahu, ini langsung dia x ungkit pun, tipu view saja, pure troll waste my time to watch

unbelieveable, 1.79 also sold out, why....

price should have maintained above Rm1.87 after the EGM date announcement

can't be retailers profit taking at such huge volume... so weird...

@dompeilee thanks for sharing your views

under correct circumstances I will still consider to reenter this counter prior the voting EGM

@dompeilee why? I sold all my MMC too, but not because I dont think the SCR will go through, because I need to put the money elsewhere

what makes you think that the SCR will not go through? recent price DIP?

@YouthMoney 0.030

@singkalin sorry to say, but you entered too early bro, 6 years ago this stock is overvalued, but now it is already discounted significantly below it's NTA

@farmbesflyer me too hehe, operator please don't disappoint us, we want to stay here for 3 years ^_^

1k buy queue each at 1.13, 1.12 and 1.11, operator still accumulating, just still unwilling to buy at higher price at the moment

3 years? me sure no problem, I afraid operator don't want to wait 3 years to earn my penny only.

just let operator have some fun with the contra players first

@stockraider damn someone posted at SURIA forum about the tariff increase I tot it is indeed recent news, thanks for the clarification

regardless, I think the share price only moved up very little which still unable to fully reflect the good performance, price still very undervalued for SURIA, very minimal downrisk

as for MMC I think I am satisfied enough to exit at this point (made huge lot of profit, the most throughout my entire stock investing career), my actual here TP is quite low before the privatization annoucnement, RM2 offer shocked me a lot when I think Rm1.80 is good enough offer if the privitization rumour is true at that time.

let's see how it unfolds from here, good luck to both MMC and SURIA investors

I will lose more if SURIA reached RM1.30 before collect MMC at RM2, it is no brainer that SURIA is moving anytime with the recent QR and news of principally approved tariff increase by the state gov

let alone MMC's SCR is not 100% guaranteed to pass

@stockraider can't wait longer, SURIA is moving anytime

fundamental and prospect all ready, immediate TP 1.30

luckily managed to top up more 1.15 (last sell queue 174 lots) before it fly higher

just switched all my remaining MMCCORP (1.85) shares to SURIA (1.15), so much better opportunity there, can't wait longer for EGM here, SURIA all set to fly (strong fundamental and prospect > tariff increase approved), immediate TP 1.30

really don't understand this company's privatization, why at this point still can dip, no strong indication that privitization will fail, QR shows improvement, no more CW due to expire prior to EGM

confused...

please be noted that there is nothing wrong done by the management that causes the price to go south, so please don't blame them

raise the tariff? "just been approved “in principle” by the state cabinet". so I don't get what else you don't satisfied with the management.

contact / persuade fund managers? not part of their job imo, just run the company good as what they have been doing, we should be satisfied enough

@tonywong8 management is doing nothing wrong, they are good at managing the company so far (which is their only responsibility in correspond to the share's price)

good profit, no scandal, what else we expect from them? it is not their responsibility to push up the price with their own money

@n3lly prevailing risk, yes that is for sure, no matter how we try to deny it, it is not 100% safe, so for this I won't be willing to go all in this counter, slowly cashing out in according to the market price. not trying to be greedy as I already reaped reward here twice, bought before privatization announcement and during the dip after privatization (can consider all in at some point)

but the other way to look at it, it is definitely worth to keep some of the company's share until at least after the voting EGM.

why? because as the price is still around 6.5% below RM2 now
1) the lower the market price, the better the risk vs reward
2) the lower the market price, it shows that retailers are not confident or persuaded that the company's worth is actually way above RM2, they tends not willing to take further risk, therefore, most likely more retailers will vote for the privatization. at the same time, seeing such situation, PNB will also more likely to do the correct decision for the beneficial of the retailers, and less likely to vote against the privatization


if it is traded at 1.99 now, not sure for the other, but me personally would have been fully cash out from this company already

concept ni senang je la, 2016 u at atas bukit, so u decided to go down, skrg 2021 lama u x da naik bukit, so u pigi naik balik tu bukit, faham ka?

@Sales 2016 already overpriced, how to go up? don't make me laugh please

my only sincere and honest opinion to newbies: in stock market someone need to lose money for the other to make money (just like gamble), no one really care if you lose money, when you start investing, you need to take full responsible for your decision, if you just don't know what you are doing, just quit, and if you can't, accept the fact that you are possibly the one that lose money unless you are super lucky

@MZM2511 true, and that concept also applies to all the other naysayers here and other counters

mostly counters I enter sure got naysayers, really curious whether they are fool or with bad intention, no one really that free to warn and save the newbies right?

@be_greeeedy mana tahu cucu dia esok / lusa lahir? many old man play stock market la haha

steady, contra players boleh cabut suda, tbh this is operator's game saja, we don't need contra players to help push juga

so yang mahu stay stay, yang mahu leave please just leave

just curious, yang kena cheat tingkat atas tu bila mahu leave? asyik complain con counter tapi x juga leave / cut loss?

time RM1.00 pun x tahu kalau dorang tu ada top up

tu la yang cakap tu sendiri x pigi sapu RM1.87 di market, tapi suruh SM beli dari dia Rm2.5 pula

if privatization rejected, you guys guess next day price RM1.25 or RM2.50?

@facsc188 x bersyukur

now the plan is to make those contra players / weak retailers that queue sell at 0.035 to switch to queue sell 0.030

strong holders just sit back and enjoy the show