If KPS proposes a one for one bonus, the price might go to 60 sen when it goes ex-bonus.

If you truly believe in it you should never cease buying if it's selling at bargain price. When the time is right you must learn to sell periodically to lock up profits.

Anything outstanding at the end of the day is Receivables or Payables to the stockbroker.

@satha44, very big syndicate has been pushing up price since last month.

Mikecyc, keeping 50% of your capital in cash is way too high. There are so many bargains you can shop even now. Must take a bit risk.

I always buy Gardenia rather than High 5.

https://www.theedgemarkets.com/article/high-5-we-had-no-choice-close-down

Mikecyc, don't believe analyst. Now the time to buy Insas.

Haha Mikecyc, tomorrow you buy more Insas supportlah.

Mr Sslee, I think you should*

Mr Sslee, I think you take profits on your plantation counters periodically. Hiapteck too many retailers bought because of KYY and most are stuck. Insas price has stabilized and currently consolidating, would be a good time to buy and hold until the uptrend. Mikecyc is actually accumulating Insas cheaply but he will of course deny it.

Hi Mr Sslee, how's Masteel doing? Have not monitored it since I cashed out about two years ago.

https://stocknews.my/posts/47346/ancom-hits-the-reset-button

@High5, don't be lazy. Go read about MAA Group Bhd been classified as PN17 for 10 years after disposing it's main insurance business. And don't spread fake news that Mycron is PN17.

The next issue is how will the sale proceeds be utilized? Will there be a special dividend? If yes, how much will it be? How will the market react to the news? Will KPS climb to 90 sen or drop down to below 60 sen?

Sprint is a done deal.

In a proposed SCR situation for Mycron, the highest possible offer price is probably RM1 20 which is too generous in view that the highest market price in the past 5 years is only 98.5 sen. The likely offer price is RM1 and anything higher is a bonus.

I don't bother about the market price predictions made by other people. If I think the current price is a bargain I will buy. If price comes down I will buy further.

Bought at 78 sen today.

Another day of wonderful closing.

I believe Masteel is a good recovery play and improved earnings will eventually take share price beyond 50 sen.

Same time as me then.

@Johnzhang, didn't know you have invested in Mycron, good that you have Mycron. I have made good money from Masteel two years ago, you can find my comments there.

Go, go, go Mycron.

@Johnzhang, no connection except both begins with the letter M. :-)

Who wants to buy from me at RM1.38?

Welcome

Trying to buy at 78 sen.

Then go buy Mycron.

Masteel up, Mycron up, how come Insas flat?

Last 12 months high is 98.5 sen, also last 5 years high

72 sen.

Go, go, go Mycron.

Melewar might privatize Mycron at RM1.

70 sen broken ...... don't buy HiapTeck! Don't touch it!

Mycron pulling up Melewar.

Go, go, go Mycron, go break 70 sen.

So quiet here.

Eh, everyone gone?

Nice opening.

The above argument provides the logic behind the rise of the both market prices of Mycron and Melewar as both shareholders benefit from this arrangement should it be proposed.

A privatisation of Mycron by Melewar at a fair price to minorities would be a win-win situation to both Melewar and Mycron's minority shareholders. Melewar gets complete 100% control of Mycron, the 26% balance taken over will enhance Melewar's own NTA. Minority shareholders get to exit at a fair price above the market price. In order to have sufficient take-up rate of any SCR, the offer price has to be above the highest market price in the last 12 months.

If Melewar sells off Mycron as someone speculated, Melewar will be without an adequate business and will fall into PN17 classification as has happened to MAA (a related company of Melewar) several years ago resulting in all investment funds exiting from MAA as investment funds are barred from investing in PN17 classified companies, causing market price to collapse. Mycron despite having recording impressive earnings have not declared any dividend since December 2010, more than a decade ago! My hunch is that Melewar preserved Mycron's increasing cash balance to utilize it to buy out the 85 million shares owned by the minority shareholders via a Selective Capital Repayment (SCR). Mycron's cash balance has ballooned to RM110 million at end of December 2021.

At current price of 79 sen KPS is a bargain for an above average dividend yield share (4.5 sen annually) with low P/E ratio and huge NTA safety margin.

@Johnzhang, I really don't know because I am not familiar with the people who control MPHBCap. I only bought into MPHBCap several months ago. My hope is of course for MPHBCap to distribute the proceeds as much as possible as special dividend/capital repayment. I believe market will respond positively to a big payout.

The price consolidation last week was to shake out the weak retailers. It is only a matter of time before price climbs beyond 80 sen and march towards 90 sen. Have faith.

Melewar owns more than 74% of Mycron, its only significant subsidiary. Without Mycron, Melewar is nothing as the other subsidiaries contribute little profits. Only about 85 million shares are held by minority shareholders. On Friday volume traded hit almost 24 million shares (20 million in the first session and 4 million in the second session) and share price after racing to a the peak of 69 sen did not fall below 63.5 sen. This indicates that the selling by stale bulls (retailers who were stuck at above 60 sen) and profit taking (by retailers who bought below 60 sen) were well absorbed.

Pricing is subject to adjustment and there's the issue of what MPHBCap intends to do with the sale proceeds ...... how much to be paid out as special dividend and/or capital repayment, acquisition of any new business. It will either excite or disappoint the market.

No formal announcement yet means price will likely to continue to rally. Rumours have resurfaced that Melewar might privatize Mycron but at what price? Monday will either see a short price consolidation or another speedy climb up of price on huge buying volume like on Tuesday and Friday. My feeling is that price will eventually run far.

It's a done deal, only pricing to be announced.