Don't be surprised if chairs are no longer provided in the forthcoming EGM. Hahaha.

The problem was each time dividend was paid the market price adjusted downwards for the dividend and couldn't go up.

Dividend only just paid out in January. Affin pays out dividend at the most only twice a year.

The first batch of MAA shares I bought was after the payout of the special dividend of 35 sen. So I probably received a total of 18 sen dividends on my initial batch.

That's why when these companies drop to ridiculous levels I would step in to buy like when I started buying MAA at 50 sen around October last year. My average cost for MAA is now 59.7 sen and SCR of RM1.10 is still a good deal for me.

ph88xing raised the best argument : Why can't MAA do a capital repayment for all shareholders at RM0.675 which will cost the Company the same total payout? That would be a fair deal for all.

A nominee company can appoint more than two proxies as they could easily represent numerous clients. Imagine a nominee company holding ten million shares representing ten million individuals each holding one share. Hahaha.

Someone with ten million shares can appoint ten million proxies to vote either Yes or No? Company will run out of ballot paper. Hahaha.

The Offerors are not decent people. If they can take over at 1.10 they will do it at that low price. They have failed us in the past 6 months by not paying dividend and by not doing a share buy back DESPITE having obtained approval at EGM to vary the utilisation of the remaining sale proceeds of the takaful business.

apolloang, you forgot my MAA super tortoise. Hahahaha.

Huntertee, it's going to be RM1.10 unless revised upwards. If Offerors think there are more than 10% dissenting shareholders, they will improve the offer. The Offerors have SO MUCH TO GAIN from this SCR exercise as the NTA of their MAA shares will increase to RM3.53 after completion of the SCR exercise.

Almost 168 million entitled shareholders. 10% of that is 16.8 million. Mr Balvin, do you and your friends have the numbers?

Bought at 0.94 today.

Their prices are falling for the same reason as MAA prior to the SCR announcement.

Kuchai/Sg Bagan/Kluang group of companies may be next to do SCR. I understand Ms.dompeilee has her fingers on them too. :-)

Hmm Ms.dompeilee, you had your fingers in almost every pie.

Blessing from tortoise now in heaven.

Tortoise now in heaven giving Cresbld blessings.

With deep regret, it is hereby announced that tortoise died this morning from overdose of kangkung. No foul play suspected.

The whole SCR process will take over 6 months even without price revision. Study Daiman's SCR which was initiated on 27/8/18 and payment only finally made on 14/3/19. The BOD of Daiman didn't meet the Offerors' one month deadline to accept the SCR and received an extension. This is a delaying tactic since Offerors and BOD are working hand in hand and gives Offerors time to scoop up shares from the open market via friendly parties who are actually buying up on behalf of Offerors from weak shareholders who desperate to sell for whatever reasons.

Added at 0.50.

Mr Balvin, I think they are planning to schedule the AGM and EGM on the same day. If for some reason the SCR failed, the usual approval for renewal for related party transactions, share buy back etc. will be carried out as usual.

Eh, dompeilee, I remember you saying that you only had 2K remaining from 2011.

Monday panic selling following Dow Jones' drop of over 400 points.

The SCR must be approved by at least a majority in number (50% plus one) and 75% in value in shares that are cast in person or by proxy at the EGM and must not be voted against by 10% in value in shares of the total voting shares.

Go, go, go Cresbld.

Because AGM is ANNUAL General Meeting. If you want to ask questions weekly, then ask for WEEKLY General Meeting.

When going to break through 90 sen?

Bought at 0.525 today.

Cresbld has been a laggard stock for a long time. I have bought and sold this stock four times in the past two or three years, earning 20-40% each time. But this time I am not selling as I feel it will go further than it ever did in the past three years.

Don't think can rebound much.

Nice opening.

Try buying 130 million shares in the open market and see how high the price will go up. 130 million is about 9% of the total issued shares.

A.I. is the next PM of Malaysia.

It's rare that private placement is made at a premium.

Whole 130 million private placement placed out to only one party, Wan Azmi Wan Hamzah, rumoured to be proxy of A.I.

F = Fail

Mr Sslee, I am aware that BJLand and TAGB would probably be privatised but I don't think the offer price will be good enough to take a position. I would rather allocate my investments elsewhere.

Mr Sslee, didn't know you bought Cresbld. Hope you didn't buy at high price.

So it was Icon8888 who has been selling down depressing the price?

I am not a charitable person. It was the only two occasions I gave money to homeless people this year. Maybe I should do more often.

Dear yasuyo, maybe you could take the lead and engage the Offerors. Several individuals here hold millions of shares would definitely join you in your effort.

A month ago I saw a homeless chap sitting on s pavement in Thailand as if he was meditating. My gf took pity and asked me to give some money. I gave some money and the next day one of my counters was suspended pending a material announcement. This counter MAA announced a SCR of RM1.10 and it opened limit up the following day. Yesterday, I saw a homeless chap walking towards me on a street and I opened my wallet and gave him some money. Today Cresbld unexpectedly shot up 13 sen. Is this a coincidence?

Tomorrow tortoise soup will be served.

130 million private placement shares issued at 98 sen.

Brew with longan, manis2.

Something brewing. Tortoise soup?

CalvinTan doesn't like OSK.

Go, go, go AZRB.

Why so quiet? You guys all sold already?