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.
I think will be holding between RM0.985~1.00 until news out on the business they going to buy. It might get quiet for a while. Once news out, than will have excitement again. In the mean time, go for a holiday with the dividend money :)
We must all show them that we are resilient and make them buy back at higher price. Since NTA is much much higher .... why sell now when now? You are benefiting MAA's main shareholders but making fellow small investors lose money...
Agree with GTH, Management will support back. Please drop some more, I want to use dividend money to pick up more. Opportunity to make additional 10+% return.
with the 100M cash in shareholders hand by Friday and next week, if it still continue to fall Friday and next week, then I would be very surprised indeed at my mistake.
Even with the cash in hands tomorrow, I have not seen any chance of cheap sale for buyers to pick up anytime soon. However, I may also be wrong in my assessment due to unforseen factors.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
dompeilee
11,888 posts
Posted by dompeilee > 2016-07-28 16:14 | Report Abuse
98 c !!! :D