Whatever happened to the Zetrix hype?

Dompeilee - You bought 4.90 ex or cum price?

Dompeilee - You bought 4.90 ex or cum price?

Yes good earnings performance over the years and very good net asset backing but all this is NOT reflected in the share price. Only we see it but the investors with deep pockets are NOT interested.

The only medicine for such a situation is for the company to start paying out big chunks of the profits in the form of DIVIDENDS so that shareholders are rewarded and those that stood by the sidelines will feel regretful!

I buy a crate of pilsner every month. Drink a can poured into a chilled glass. Chilling the glass really makes a lot of difference.

What on earth happened at the closing??? Very odd but nevertheless pleasant indeed!

I hope for our sake it's not a case of building castles in the air.

The cake is taking shape

hng33 - you seem to have considerable indepth information. You're not by any chance the Mr Wong are you? haha

Perhaps EPF is selling to meet account 3 withdrawals

A bit of an anti-climatic start

Rejoice fellow shareholders of Myeg! Enjoy the moment.

Poor results expected. As usual - it tries to sugarcoat losses with vague praises.

Will this co turn around? If not then better be a takeover target. Some other co will be able to make money out of this license

Profits bobbing up & down. Prospects vague. Nothing much to shout about.
I think the purchase of Chemical Co a few quarters ago at an exhorbitant price is coming home to roost. It is haunting this co and will do so for a long time.

hng33 - Tq for your remarkable analysis and insight as to what's powering this share price. Don't fully understand but got a rough picture.
Now giddyap yeeehaaah!

What could possibly suddenly excite investors about this co? A freak spike in profitability? Another but generous dividend in the offing?

Just made some money to buy a round of Carlesberg!

The elephant in the room which nobody's asking is WHY the steep rise?

Beer is supposedly bad (moderate amounts should be good for health actually) but tobacco is much worst health-wise. Hence world-wide crackdown - particularly noticeable is in adverts. Beer brands still sponsor major soccer clubs.

The run up of the price is perhaps a nice big dividend is in the offing?

Every quarter, the main task of management is to give reasons why it is making losses and keep hoodwinking shareholders of the great potential ahead. The share price trajectory clearly tells that investors are not buying it.

The only jewel in the crown of this hopeless company is the insurance licence.

Postponement of dividend = Missed dividend hence the drop

BK has been on a share buyback binge again of late.
Combined with high CPO prices that it reaps from its main sub KLK, I think that in the near term, it's looking very bullish.

I've been catching a falling knife and my ammo is fast running out!

From the press release, there seem to be some modern cutting edge with AI technology being employed by TPG. I hope Rohit can realise good profits from these initiatives.
Please don't hesitate to kick a..ses if need be. Take the bull by the horns!

Looks like according to Teng Boo, I'm poised to become super rich - long overdue!
I better get ready to become snobbish & snooty to look the part hehe

Come down some more honey.
Don't worry, daddy is here to catch you.😉

23 sen dividend is acceptable

I wouldn't want to say I told you so but ... I did tell you so

This co is hardly making profits. Now with 30.8m to be written-off, it's deeper in the grave. So it appears that this government program was poorly executed. It's called lack of diligence.

2 Qs - 1) Are the new owners capable? 2) Are they trustworthy?

If Apollo is the only listed vehicle in Scoop's business, then it would serve the owner's interest to see that the share price rises. On the other hand, as part of a group companies for which they have no full interest, I hope they'll not strip this company.

Anyone thinks that the share price will go higher after the offer ends?

wsb_investor - Tq for your response but I beg to disagree.

The 660k is not adjusted upward for inflation hence logically in all fairness my 250 premium should correspondingly remain. If I seek to increase my cumulative coverage, then by all means I welcome an increase in premium.

My 2 sen take - The medical insurance industry is a rip-off. Not much actuarial science in it because the insured bears the risk if the insurance co has not enough funds to meet their promised cumulative coverage.

Mine is a case in point. I bought cumulative lifetime coverage of up to 660k for a monthly premium of 250. Several years later, they tell me that my 250 per month may not be sufficient to cover the 660k and advised that I increase it. My argument is that I'm not asking for an increased cumulative cover. It seems that my insurer has a right to the effect of withdrawing my coverage if I don't increase my premium. Wow! This is such a wonderful deal for insurers.

Any reason why the preference and ordinary share price is converging?

What's happening! All hell breaking loose!

Actually this year has been pretty good for me.
I'll belanja you la Ooi.

My bona fide advise ... Always tread with caution.

Just like you, I'd like to buy specific company shares and keep them forever. One fine day just when you least expect it, a curve ball hits you - an event risk and all your dreams come crashing.

Quickly sell la.
I'm waiting for the next train to prosperity.😂

purple70
why is the price up today?

Investor stim pasal bonus - beli sebelum Ex

Ive sold all my stake cum-dividend and have registered a handsome gain although on hindsight I shouldn't. I'm fairly convinced that it's overvalued compared to other financial institutions.

I noticed that my usual Petron station was shut for god-knows-what for more than a day! Is that what you're referring to?

Out of boredom with the market, I bought some shares at 4.53.

AlphaAdventurer - "... it intends to maintain the listing status of Apollo on the Main Market of Bursa Malaysia." Meaning that Apollo has the possibility of getting privatized in the future...?

I think the implication is that the new owner will pay 5.80 per share (as compelled by law) but if nobody wants to sell, it'll just continue business as a listed co. If however everyone sells their shares to the new owner then it will need some time to redistribute and attain the public spread as required for listing.

So perhaps 5.80 is take it or leave it as they are not enthusiastic to swallow more.

Is 5.80 cheap, right price or expensive? Think about the following ...

1) FX RATE - The offerors are Singaporeans. The SGD/MYR exchange rate has increased over the years to 3.5273 (Today BNM FX site). It's peanuts for the investors who have deep pockets.

2) INFLATION - The world including Malaysia has been subject to high inflation over the years, accelerated over the recent months. I checked my spreadsheet which indicated that I've sold Apollo shares at 6.25 a piece back in March 2016. This international business with only 80m shares should be worth a lot more today (Shares of companies are not monetary claims but instead a claim on the business model of generating revenue as well net assets including real estate.

Based on the above it can be irrefutably concluded that the price is too low

My instincts tell me good news but never rely on a man's intuition.

Any guesses what the news will be?

Many companies can generate good profits. A main challenge that follows is the conversion of that profits into cash. So perhaps BK & KLK seem to have some difficulties in this. High up in the list of these great companies, should be to appease shareholders either in the form of generous dividends or capital gains.

I really like the active share buyback that BK undertakes. That's money well spent. Despite that (albeit on hindsight) they shouldn't have conducted the buybacks when it was lofty during the covid period - a ton of cash vanished.

Another major money pit was the huge premium BK paid to acquire Chemical Co of M'sia in exchange for precious cash. Maybe as shareholders we may never know the full rationale for this other than what was officially discussed.

Ok I've rambled enough.

Ok I stand corrected, it should be attributable to equity holders of the co i.e. 491m. But still it can pay the full 90 sen (354m) or perhaps as a compromise say 80 sen to appease shareholders. There are other companies that are in a worse-off financial position but declare large dividends - shareholders love them hence the share price trade at higher PEs - like Apollo for instance.

Management should get out of their comfort zone to manage funds efficiently and ensure that shareholders are happy.

While conservative is admirable, being excessively conservative is not. 90sen dividend is indeed sustainable. Assess for yourself against these numbers ...

Net Profit 2023 = 1086m
Retained earnings (distributable reserve) = 5613m
Cash = 2717m
90sen dividend = 354m

Obviously my prayers were not answered.