kekekke...... dun get me wrong..... i still have vested interest in MAA and still have confidence in the management..... just very amused the way these people are talking...... "typical heard mentality"??? wakakakakaka.......
and yes, jamesooi, it is moving slightly today, not sure whether is mgmt buyback again, or overall buying sentiments are back !
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.
with the 3 sen dividend, tomoro's open shud hover around 99 sen from today's 96 sen. From there, it shud breach RM1 by day end & will sail towards RM 1.20! I'm lovin' it!!
Looks like they are continuing with their RM0.06 yearly dividend. At the last AGM they said they intend to give yield higher than Bank FD rate. Looks like they are keeping to their word.
Can't wait for them to buy a profitable company. As once get out of PN17, share price should hit RM2.30. Patience, keep for about a year and can more than double your money.
I am still collecting, the long term dividend adjusted graph still showing a uptrend.
Yesterday was a good day. No buyback, stock up with good volume. Might indicate accumulation has started and will create a new base/support for the share price. Will be nice to see the uptrend continue today without buy back..
Im sure they oredi hav plans in place. Just waitin for the right timing. Anyway, when that day comes, the price will be > 1.50 minimum. So grab this opportunity!!
currently MAA's financials is healthy.. but they still in PN17 position bcos they have no core business after disposed of their takaful insurance business.. so in order to get out from PN17, they have to announce they're buying new business......
Not only buy new business. But have to show 2 quarters of profit after buying the new business and only than make an application to bursa to to get it removed from PN17 status.
Yes, i agreed with gthhh, MAA is financially healthy! As long as the management continue to create value for the company and increase return for the shareholder, my family and i will continue to support them!
TheContrarion: there's no need to make such baseless speculation. if u know your stuff, this counter will soar way above RM 1.20 once they announce an acquisition without even need to wait for any quarter results. I would hav cashed out my handsome profit by then
Looks like many people want to cash out at RM0.99~RM1.00. Got RM0.03 dividend coming also people queue to sell big volume at this range. Effectively, selling RM0.03 lower as losing out on the dividend.
Doesn't make sense as no significant business to buy into and in addition why would the current major shareholder sell at discount to nta which is predominantly cash. The best thing to hope for is continuous share buyback, cancellation until the right capitalisation for injection of a reasonable business to justify valuation.
Worst case scenario, that is until 31 Dec 2016, MAA is still unable to make appropriate acquisitions, the shareholders may be in for another bonanza dividend.
In CIRCULAR TO SHAREHOLDERS dated 6 June 2016, under Part A: 4. Utilisation of Proceeds - Notes (b) " Nevertheless, in the event the Group is unable to utilise the allocated proceeds [RM196,739 million] or identify any suitable and viable new businesses ... the proceeds allocated for future investment opportunities may be distributed back to the entitled shareholders of MAAG..."
Going by the generous dividends declared by MAA in previous years and its large cash reserves, this option is not a remote possibilty. Remember, during these challenging times acquisitions of 2 suitable businesses may be a challenging task as there are about 3 months left to the timeframe extension.
Extraordinary times call for extraordinary strategies.
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......
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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....
jamesooi
397 posts
Posted by jamesooi > 2016-09-01 12:07 | Report Abuse
MAAG is moving , moving , moving, hahahahaha................