I think no div this quarter. This FY already gave interim div 0.06 (and special 0.35). Expect 0.06 per FY. I think have to wait for next quarter for the dividend.
Based on today's announcement on the proposals. At the next AGM, I am going to vote as follows: 1) Against. Here major shareholder cannot vote. I think better to do biz with third party rather than internal party. So transaction will be more at arms length. 2) For. Looks like share buyback will start again after the AGM. 3) Against. If got any opportunity can always call for EGM. Better not give BOD free hand.
Finally you're out from hiding . I'm damn happy for the 6cents dividend . Remember Danny u said on 15 Nov 2016 it'll fall to 0.5 bearish avoid and all those nonsense just to frighten us off . Luckily I didn't sell if off else damn Danny .
Compared to other stocks, MAA is one of the stocks I have been keeping for the longest time. In fact I have been accumulating. I am very confident it will come out of PN17 sooner or later. When it does come out of PN17, it will go up. Need to be patience. In the mean time, enjoy the dividends. With all the dividends, at the current price, already made good returns. But I feel can easily make another 50% from current levels.
The Company had on 16 February 2017, announced that Bursa Securities had vide its letter dated 16 February 2017, granted an extension of time of up to 30 June 2017 to submit the Plan to Bursa Securities. In this respect, the Board of Directors of the Company wishes to inform that [ the Company is still in the midst of formulating the Plan] to regularise its financial condition and will submit it to Bursa Securities for approval.
6 sen is first interim dividend and not first and final. so there are more dividends or special dividends to come. buy more if below 90 sen after ex date.
When can we expect MAA to come out of PN17, after which I expect MAA to appreciate in value. Declaring 6 cts dividend was a surprise given that this counter is PN17 status. Hopefully we get another round of dividend next quarter.
A) Proposed subscription of 14,285,714 new shares in Altech Chemical Ltd (Altech) for a total cash consideration of AU$2.0 million (Proposed Subscription)
B) The Board of Directors of MAAG is pleased to announce that the Company had on 11 April 2017 entered into the following agreements: (i) settlement agreement with PIMA for settlement of the aggregated sum of RM40.24 million (“Final Investment Costs”), being the total investment costs owing by PIMA to MAAG under the joint venture agreement dated 30 July 2013 and related agreements (collectively “JVA”); (ii) supplemental sale and purchase agreement with PIMA to complete the purchase of a parcel known as Unit No. LG3-16, Block B together with accessory parcels comprising 783 car parking bays (“Car Park Properties”) situated at a commercial development known as Prima Klang Avenue or Pusat Perniagaan Klang (“Development”) for a purchase price of RM3.50 million; (iii) sale and purchase agreement with PIMA to purchase 38 office suits and retail units in Block B of the Development (“Block B Properties”) for a purchase price of RM23.00 million; and (iv) sale and purchase agreement with PIMA to purchase the land, together with the platform built thereon, comprised in Block C of the Development (“Block C Land”) for a purchase price of RM11.00 million, Item (i) above shall be referred to as the “Settlement” and Items (ii) to (iv) above shall be collectively referred to as the “Acquisition of Properties”. The Car Park Properties, Block B Properties and the Block C Land shall be collectively referred to as the “Properties”.
the Settlement and the Acquisition of Properties are expected to have a positive net impact of RM12.03 million to the earnings and net assets of MAAG for the financial year ending 31 December 2017 mainly as result of the write back of impairment allowance on the Final Investment Costs.
C) We refer to the announcement made by MAAG on 6 December 2016, the Board of Directors of MAAG wishes to announce that with the approval received by MAA General Assurance Philippines, Inc ("MAAGAP") from the Securities & Exchange Commission of Philippines vide its letter dated 19 April 2017 for the increase in the authorised and paid-up share capital of MAAGAP via a capital injection of Peso 300 Million by MAA International Group Ltd ("MAAIG") (formerly known as MAA International Assurance Ltd), MAAGAP will now be a 70% subsidiary of MAAIG.
1198 MAA MAA GROUP BERHAD General Meetings: Notice of Meeting
2232 Indication: Notice of Meeting Description: Nineteenth (19th) Annual General Meeting Date of Meeting: 25/05/2017 Time of Meeting: 03:00 PM Venue: Crystal Function Room, 4th Floor, Mutiara Complex, 3 1/2 Miles, Jalan Ipoh, 51200 Kuala Lumpur. Date of General Meeting Record of Depositors: 19/05/2017 Outcome of Meeting:
You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Can someone ask plans moving forward, expectation of getting out of PN17 and dividend plans for this year, if the company is going to do more share buy backs and returns expected for new offices and carparks in Prima Klang Avenue. Appreciate if someone can update the forum!
Can any one from Klang valley tells where is the location for car park and shop/office lot settled with PIMA and what is the average price in that area?
Agreed. I was also upset to see that in the proposal. At least get us out of PN17 before even making the proposal. I know how I am going to vote on this one. Also, on the related party transaction, just because I am upset!
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....
balvin71
1,154 posts
Posted by balvin71 > 2017-02-23 22:05 | Report Abuse
I think no div this quarter. This FY already gave interim div 0.06 (and special 0.35). Expect 0.06 per FY. I think have to wait for next quarter for the dividend.