Coming QR insufficient income, probably small loss again.

Liquidation of a company needs 75% shareholders approval.

Yes csan, Melewar can single handedly block any SCR, that's why we never hear of minority shareholders proposing SCR in any listed company. Even a hostile takeover attempt is difficult.

Anyone else except Melewar can propose a fresh SCR. Who is going to do so? Cipta going to do it? How much you are offering to take MAA private?

It was very foolish to vote against the SCR knowing that there's a 12 months waiting period before the Offerors could make another offer. What should have been done was to request for an adjournment to the EGM for the Offerors to consider improving the offer price.

Yes spot on, exactly 6 sen.

Poll results by value : 42 million shares (70%) voted YES and 18 million shares (30%) voted NO.

There are many other counters, cash rich and growing, some never made a quarterly loss, selling at deep discount.

No, because MAA will be loss making for some time which will depress market price further. Even if there's declaration of dividend, market price will always adjust downwards on ex-dividend date. Look at Dutaland, RM800 million cash but market price so depressed.

50 sen also I won't touch. My last purchase was made at 43 sen. All sold at 1.04.

Yes csan, those big, big minorities talk big only but can't propose a proper solution.

Now wait 12 months for fresh offer if there will be one.

How low will it drop?

People who dare not buy below RM1 failed to make money.

You just got in?

Go, go, go MNRB.

Five hours to go. Today's AGM and EGM will be very interesting.

Money is there and is substantially invested in government securities (bonds) to earn interest, value of investments which includes government securities shot up from RM6.3 billion to RM7.2 billion over the 12 months.

It's hard to understand the cash flow statement as this is a specialised industry i.e re-insurance and re-takaful.

I remember the last private placement price was around 13 sen and the loan stock conversion price was 10 sen.

QR loss?

Latest quarter MNRB made EPS of 12.5 sen, full year 19.8 sen.

RM3 not possible because the share capital has more than doubled after the recent rights issue. It will be a slow climb because market sentiment is presently weak unless they declare a dividend soon. Funds will then start buying. Anyway at below RM1 it is a buying opportunity if you have excess funds.

QR out.

Haha, no one dares to throw chair?

Massive properties impairment next QR?

Tomorrow at AGM, throw chairs at the BOD.

Every time there's a dividend payment, the market price would be adjusted downwards on ex-dividend day.

I have put ASB on my watchlist.

Massive properties impairment?

Yes Mr Sslee, it's Winfields Development Pte Ltd. Possibly OCBC shares are held through this associated company.

Wow, in 1990 I yet to dabble in shares.

I don't think DGSB can make so much profits. Maybe Ho Hup might report substantial profits.

If a person bought MAA at 0.465 in January 2019 and sold in April 2019 for 1.05 and then reinvested the proceeds in Ekovest-WB at 0.18 and sold off at 0.53, how much percentage gain did he make from his original cost in MAA of 0.465?

3101575000, certainly not DGSB. I think it might be Winfields Development.

Usually Inari provides the bulk of the share of profits from Associated companies but not this time, so which Associated companies turned out to be gem this time?

Mr Sslee, any idea which Associated companies contributed the rest of the share of profits from Associated companies since Inari only contributed around RM7.5 million.

Bought at 70 sen today.

Added at 19.5 sen today.

Satu's emojis.

Wow

Now that the SCR is doomed to fail, the Offerors are expected to revise upwards the offer price. The Offerors have so much to gain from the successful implementation of the SCR, so they are expected to work out a compromise.

To revise the offer price, the Offerors have to request for an adjournment to the EGM. The SCR must not be put to vote on 29/5. After the new offer price is made, you need at least 21 days notice for a new date for the EGM. Supplement circulars would be despatched along with Independent Advisor's opinion and advice (which either remains the same i.e "not fair but reasonable" or revised).

OSK massive properties impairment?

Laxey funds no balls to make offer.

SCR doomed. How low will MAA go?

Gepoh83, the 12 months restriction was reported in today's Star Business Section.

Those who are eligible to vote at the EGM are those whose names appear in the Record of Depositors as at 23rd May, the last purchase would have to be made on Friday 17th May. Mr Balvin, you can sell off your shares when market reopens on Tuesday 21st May and yet vote against the SCR since you only deliver your shares to the buyer on Friday (T+2) as Wednesday 22nd May is a market holiday.

Unlike an MGO or VGO, in an SCR the offer price cannot be revised once the EGM is called. And if the SCR is not approved at the EGM, the Offerors cannot make another offer for the next 12 months.

The best traders are the contrarians.