In the account in MAAG, the company can do the consolidation MAA Philippines account to MAAG for next qtrly results. If profitable next year, it will benefits MAAG results.

MAA Group: Turns Philippine general insurance firm into a subsidiary. MAA Group’s unit MAA International Assurance Ltd is increasing its equity interest in associate MAA General Assurance Philippines Inc and turning the general insurance firm into a subsidiary. MAAG said its Labuan-based offshore insurance and investment arm had paid PHP300m (RM26.82m) on Tuesday to subscribe for additional 300,000 new shares with par value of PHP1,000 per share in order to boost its stake from the present 40% to 70%. The proposed subscription is subject to the approval of relevant regulatory authority in the Philippines and Labuan Financial Services Authority. (StarBiz)

Is there any chance of delisted?

Buyers are trying to buy cheap and no sellers are willing to sell cheap. It is a good sign that price was well supported . Hope that the announcement of the next qtyly result is not bad and I believe MAAG is going to trending up due to corporate exercise soon.

Very scary information and hope that you are wrong. i know it is noise.

Buy at bargain prices of 0.895 sen is given the dividend yield of 6.7% p.a. Adjusted NTA is RM2.05 per share after Shares Buy Back by the Management todate.

Falling volume during a bear market is actually bullish…

Warren Buffett quotes " be fearful when others are greedy and greedy only when others are fearful.”

No more pressure selling only small lots offer for sale. Time to move up soon.

Repost from 30/8/2016
This stock is not a contra counter. Don't assume Shares Buy Back can help you to make money. On 26/8/2016 volume traded was 2,346,600 shares. The Management Shares Buy Back was 1,474,600 shares with the min price RM0.93 to max price RM0.95. Yet share price this morning is lowest at RM0.915. No Sense, right? So, MAAG is no play, play counter. Only if you have the money to pick up the shares, then you will well rewarded in the long term.
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Share price keep coming down due to impatient retail investors selling, it is too long await for the new business acquisition by the Manegament.

SO, Warren Buffett quotes " be fearful when others are greedy and greedy only when others are fearful.”

So, patience, patience, patience is the name of the game and going forward, this could be very exciting for the shareholders to see more improvement in the share price trending up soon and something good is coming and "Good things come to those who wait"

I still very bullish and long MAAG.

Support at RM0.095. Those who sold already sold and it will move up soon.

As at 12.30 pm, Mycron shares traded at RM0.94 per share. Melewar owns 70% shares in Mycron and 70% valuation of Mycron is RM 185.89 million.
Melewar today traded at RM0.56 per share as at 12.30pm. The Total valuation of Melewar is only RM126.93 million. Melewar is very under value.

1. MELEWAR KHYRA SB is holding 40, 326,110 is equal to 13.778%
2. MELEWAR EQUTIES SB is holding 38,513,030 is equal to 13.158%
3. MELEWAR EQUITIEW (BVI) LTD is holding 26,937,944 is equal to 9.204%
Total shareholding for the group based on the last audited account is 105,777,084 is equal to 36.139% based on Paid Up capital after cancellation of shares are 292,692,252.

Shares Buy Back as at 28/09/2016 ware 18,224,500 shares and Melewar Group is equal to 6,586,216 shares is about 2.250%,

So, total shareholding by Melewar Group is 38.390%

Big lots of 300,000 shares just taken up, Maybe Shares Buy Back ??? Support price is RM0.97 per share

Don't worry about the NOISE. The Management is also needs money, they declared so many times dividend for this year. They also needed the money like us. So, MGO may not be possible. All market talks are NOISE, NOISE, NOISE.

Shares Buy Back only RM0.975 per share for 400,000 shares. Total volume for yesterday day were 1039,900 shares traded. New buyers show more interest in MAAG. But new buyers are undecisive what to do next. Price is doji. Only news can push up the share price.

Yesterday saw new buyers showing more interested in this counter even Shares Buy Back only RM0.94 per share for 126,900 shares yet total volume for whole day were 892,400 shares traded.

Now new buyers are buying at higher price for this share. Something good is coming soon......

Waiting for that day to come.....

I am long term for any 2 years waiting for PN17 to be lifted, and waiting for MR. Market to offer for the NTA price of RM2.00+, then I will sell.....

Yes, mgmt buyback again, who can buy 500000 shares in one go, must be big boys and PN 17, Not big boys, i don't think they are interested in this counter, it must be Shares Buy Back.

MAAG is moving , moving , moving, hahahahaha................

Shares Buy Back will increase the NTA, My last calculation on NTA was RM 1.98 per share. Since the Shares Buy Back implemented by the Management from 2/12/2015 to 26/8/2016, totalling 12,911,600 shares. 
I based on the min price and max price purchased since 2/12/2015 until 26/8/2016, the company has spent min price of RM11,907,965.50 and the max price RM 12,082,660.50. 
To be conservative in the calculation. I am using the max price to do the NTA adjustment. and NTA is increase by RM 0.0496 per share to NTA = 1.98 +0.0496 = RM2.0296 per share if the Management cancelled the shares.

This stock is not a contra counter. Don't assume Shares Buy Back can help you to make money. On 26/8/2016 volume traded was 2,346,600 shares. The Management Shares Buy Back was 1,474,600 shares with the min price RM0.93 to max price RM0.95. Yet share price this morning is lowest at RM0.915. No Sense, right? So, MAAG is no play, play counter. Only if you have the money to pick up the shares, then you will well rewarded in the long term.

SO, Warren Buffett quotes " be fearful when others are greedy and greedy only when others are fearful.”

I still very bullish and long MAAG.

IT IS ABOUT TIME FOR NEW BUSINESS …………...
30/06/2016 - MAAG NTA as at 30/06/2016 is RM2.33 per share Less RM0.35 per share Special Dividend paid on 5/8/2016 = RM1.98 per share.

With latest 30/6/2016 quarterly results, I do some calculation regarding Cash in Hand as at 25/8/2016 and MAAG has RM372 Millions (RM1.32 per share) and Retention sum for 2 years by ZURICH RM93.75 Millions (RM0.33 per share), totalling RM465.75 Millions ( RM1.65 per share) after taking into consideration payment of Special Dividend of RM102 Millions paid on 5/8/2016 and Shares Buy Back until today 25/8/2016 for 11,437,000 shares.

20/07/2016 to 29/07/2016 Shares Buy Back for 5434700 shares and share price from RM0.81 per share and push up to RM0.99 per share.
05/08/2016 Special Dividend RM0.35 per share paid to shareholders.
25/08/2016 share price closed at RM0.935 per share.

Going forward, It is about time MAAG management will has some good news to shareholders regarding new M&A soon.
Some BUSINESS Information during AGM 20/06/2016 and EGM on 28/06/2016 at the shareholders meeting….
Once MAAT has been disposed, they will still have small core businesses that they can expand the businesses in.
1) Kasturi Tuition Center,
2) Columbus Capital,
3) MAA Genaral Insurance Philippines and
4) M&A in new businesses likes Education and Manufacturing sectors

This does not exclude the prospect of MAAG being used as a target for a reverse take-over.
With the sale of MAAT, no longer classified as a Financial Holding Company, hopefully the management find some profitable businesses and will be out of PN 17 by end 2017.

I still think MAAG is undervalue stock. I do not know about you and I am still accumulating …..and I always believe that more improvement in the share price trending up in the near future and "Good things come to those who wait"

It is for education sharing only and i am not recommend anybody to buy, and if you choose to buy MAAG, it is solely your responsibility on your action.

Party just started......enjoy....

Yes Balvin 71, I am very greedy now....

HOW..... Warren Buffett quotes " be fearful when others are greedy and greedy only when others are fearful.”

What kind of game the MAAG management is trying to play. 3 weeks ago the Management supported the share price from RM0.81 to RM0.99 per share. And now the Management let the share price free fall to RM0.88 per share. Is the Management is too busy try to close M&A deal soon? Or somebody try to push the share price lower so that they can buy at a cheaper price.

I, as a minority shareholder, I see VALUE in this stock with deep Margin Of Safety with a high NTA as at 31/03/2016 is RM1.37 per share and adjusted with disposal of MAAT is (RM1.37 plus RM0.99 sold MAAT ( gain of RM289,517,000 divided by piad-up capital 292,692,252 shares) less RM0.35 Special Dividend payout) RM2.01 per share.

Warren Buffett quotes " be fearful when others are greedy and greedy only when others are fearful.”

I still very bullish and long MAAG.

Still in accumulation stage at RM0.09 to RM0.095 per share

Accumulation stage is almost over and waiting for qtrly result and will move up if the result is positive.

Investing back some of the special dividend is like Dividend Growth Compounding and it is even better than Interest Compounding....
http://www.arborinvestmentplanner.com/dividend-growth-compounding-versus-interest-compounding/

MAAG is in bearish mode and created FEAR IN THE MARKET in the short term. Be patience, i am sure that our major shareholder is busy looking for new businesses to buy and no news is good news, and "Good things come to those who wait".

Some volume today compare to last few days and MAAG is on the way up ...

Is Melewar a speculative stock?

I am sure many shareholders once receive the dividend will sure to buy more MAAG shares.

don't worry, just to frighten you only and will push up also due to strong FA

28/07/2016 Shares Acquired 893,000, total Treasury Shares is 8,961,900 shares and closed at RM0.98, equivalent to 3.0619% of the paid-up capital. 7 days shares buy back totaling 4,156,700 shares. With this speed on the shares buy back implementation, it will take 3 months to achieve 10% target on the shares buy back.

MAAG market closing price at RM0.980(48.76%) per share and NTA is RM2.01(100%) per share. It has a deep price discount of RM1.030(51.24%) per share. There is still has so much value in this stock. You still can enjoy a deep discount.

MAA is just like new IPO company..... so it is going to be one way up in price only

Not to worry, MAA is going to trend up to more than MR1.00 + due to Shares Buy Back pressure by the MAA management very soon maybe even before 5/8/2016.

27/07/2016 Shares Acquired 818,200, total Treasury Shares is 8,068,900 shares and closed at RM0.96, equivalent to 2.7568% of the paid-up capital. 6 days shares buy back totaling 3,263,700 shares. With this speed on the shares buy back implementation, it will take 3 months to achieve 10% target on the shares buy back.

MAAG market closing price at RM0.960(47.76%) per share and NTA is RM2.01(100%) per share. It has a deep price discount of RM1.050(52.24%) per share. There is still has so much value in this stock. You still can enjoy a deep discount.

WOW, 26/07/2016 Shares Acquired 714,500, total Treasury Shares is 7,250,700 shares and closed at RM0.92, equivalent to 2.4772% of the paid-up capital. 5 days shares buy back totaling 2,445,500 shares. With this speed on the shares buy back implementation, it will take 3 months to achieve 10% target on the shares buy back.

MAAG market closing price at RM0.920(45.77%) per share and NTA is RM2.01(100%) per share. It has a deep price discount of RM1.090(54.23%) per share. There is still has so much value in this stock. You still can enjoy a deep discount.

break out today.....

WOW, 25/07/2016 Shares Acquired 485,000, total Treasury Shares is 6,536,200 shares and closed at RM0.87, equivalent to 2.233% of the paid-up capital. 4 days shares buy back totaling 1,731,000 shares. With this speed on the shares buy back implementation, it will take 3 months to achieve 10% target on the shares buy back.

MAAG market closing price at RM0.855(42.54%) per share and NTA is RM2.01(100%) per share. It has a deep price discount of RM1.155(57.46%) per share. There are so much value in this stock. It is like buying a lelong properties with a deep discount.

So aggressively implemented the Shares Buy Back by the company, by the time we receive our special dividend, the share price is going to push up so much, we don't even have the chance to buy low anymore.

Aggressive buying behavior in big lots going to put pressure on the price, as i see it , it is going to one way trending up only by the end of the day.

20/07/2016 Shares Acquired 304,000 total Treasury Shares 5,109,200 closed at RM0.84
21/07/2016 Shares Acquired 336,000 total Treasury Shares 5,445,200 closed at RM0.85

Based on the MAAG management Shares Buy Back track records on 26/04/2016, the management was willing to pay as high as RM0.98 to RM0.985 per share.
During the AGM dated 20/06/2016, the BOD told the shareholders that they were willing to try their best to support the share price to the reasonable value. My wild guess is that maybe they will support at this level.

If the management is willing to pay the last Shares Buy Back prices, The BOD is really creating value to this company and the minority shareholders shall benefit from this move very soon. In a short period of time MAAG share price shall be closer to the intrinsic value.

Sometimes investors were fearing that the price will fall after Ex dividend date. So they sold first and hope to buy back cheaper on the later date. They take a risk of if the share price trending up immediately after Ex Date. Then they will miss the chance of buy low or miss the boat. This strategy is neither right or wrong. It is a 50% right and 50% wrong decision.

wow, it is now RM0.825, I hope it is not because of my earlier sharing that make you interested in MAAG, hahahaha..................