Posted by TheContrarian > 2024-01-19 10:33 | Report Abuse

Bought at 34 sen today.

Posted by curiousq > 2024-01-19 10:36 | Report Abuse

everyday buy?
prospect good ?

Posted by TheContrarian > 2024-01-19 10:56 | Report Abuse

Prospect very bad.

Posted by curiousq > 2024-01-19 13:45 | Report Abuse

Prospect very bad? then why you buy so many?
invest in velesto NG? heard going to sell asset, will get a lot of cash .....

Posted by TheContrarian > 2024-01-19 17:26 | Report Abuse

I like to buy companies with bad prospects like Kuchai, SBagan, Affin and Insas.

Posted by Cipta > 2024-01-24 13:04 | Report Abuse

AU dollars inflate, MAA should currency gain on its share in AU co.

Posted by TheContrarian > 2024-01-27 00:15 | Report Abuse

MAA disposal of its Philippines insurance subsidiary will give it how much gain?

Posted by curiousq > 2024-01-28 11:29 | Report Abuse

just now asked sifu, he said not velesto but knm, not sure knm is a good investment.

sifu said no dividend after selling the Philippines insurance business

Posted by speakup > 2024-01-28 13:08 | Report Abuse

It's Knm. Dunno why they squandered thei jackpot on this

Posted by MacDee34 > 2024-02-09 20:08 | Report Abuse

TY forced MAA to buy 91 million KNM shares at double the market price with an immediate loss of RM 7,280,000 because TY made a personal deal with his friend to help him win the KNM EGM? How can the MAA shareholders absorb a loss like this without shareholder approval? I thought this was a public company. Can we hold the Board personally liable for this loss? how can Bursa allow this? Where is the SC?
T. YAACOB VIA MAA PURCHASE OF 2.25% STAKE IN KNM ON 8.02.2024
Ref. is made to the 2.25% KNM stake purchase at double market price by T. Yaacob, equivalent to 91,000,000 KNM shares.
This off-market deal at 0.165sen/share follows the announced intention to deal within a closed period (announced on 6.02.2024) and was made on 8.02.2024 with MAA Berhad (TY) increasing its stake in KNM at the same price paid in October 2023 by Datuk Seri Mahmood Taib, who entered as significant shareholder with a 5.06% stake, later reduced below the threshold amount of 5%. T. Yaacob was committed to buying back all of DS Mahmood shares at the same price paid by the latter. This deal represents for MAA a loss of 0.080 per share [0.165sen less 0.085sen].

Posted by spider68 > 2024-02-09 23:59 | Report Abuse

However during the AGM Q & A session, the minority shareholders would not enquire about the KNM share purchase at double its market price but would rather enquire whether MAA would consider giving free door gifts during the next AGM.

Posted by Cipta > 2024-02-10 07:35 | Report Abuse

in the next AGM, shareholders should raise the question of risk management to safe guard company from expose to PN17 co by limiting the total investment or % of stake.

Posted by Noni > 2024-02-21 10:31 | Report Abuse

No direction

Posted by ltlim74 > 2024-02-26 09:44 | Report Abuse

Asset stripping. Cash from assets sold will be used to buy crap companies.

Posted by Hippopotamuska > 2024-02-26 17:12 | Report Abuse

Badly managed resulting in losses and not taking care of the shareholders' interest. Shameful. The board of directors should resign immediately and allow a more capable team to manage the company.

Posted by SCM2023 > 2024-02-27 08:27 | Report Abuse

Hippopotamuska, this expected to happen when they cannot privatize the company as some smart people blocked the deal. The only to eat the meat is to bite the meat slowly until it is gone. The same group of people cannot do anything now as they are not major shareholder. You can only watch the meat being beaten slowly and feel the pain

Posted by Hippopotamuska > 2024-02-27 12:32 | Report Abuse

Is there any regulatory body in Malaysia that will look into this matter? Really shameful to allow it to happen. Who is looking after the corporate government of the public listed companies? Who is taking care of the minority shareholders' interest?

Posted by Cipta > 2024-02-27 17:07 | Report Abuse

Hippo: answer your question, Ex-CEO of MAA is taking care of your share.

Posted by Hippopotamuska > 2024-03-22 09:10 | Report Abuse

Is this a good thing for the shareholders of MAA? Should we celebrate or otherwise?

Posted by TheContrarian > 2024-04-19 07:50 | Report Abuse

Turiya share price shot up yesterday.

Posted by dompeilee > 2024-04-25 15:28 | Report Abuse

Bought more MAA @ 38.5c, going above 10,000 shrs for the 1st time since 2012!

Posted by TheContrarian > 2024-04-25 15:33 | Report Abuse

Eh, I have 121,100 shares at the moment.

Posted by Cipta > 2024-04-25 16:28 | Report Abuse

[1]: https://bing.com/search?q=MAA+Philippines+sale+impact ""
[2]: https://maa.com.ph/branches ""
[3]: https://themalaysianreserve.com/2023/11/15/maa-to-sell-stake-in-philippines-insurance-arm-for-rm271m-expects-rm111-92m-gain/ ""
[4]: https://www.insurancebusinessmag.com/asia/news/breaking-news/maa-group-divests-85-stake-in-philippines-general-insurance-arm-467006.aspx ""
[5]: https://www.christopherleeong.com/media/2625/161214-guide-to-takeovers-in-malaysia.pdf ""
[6]: https://pdfs.semanticscholar.org/1e70/37e96bd29db16abfd998109a36c58b25726c.pdf ""
[7]: https://resourcehub.bakermckenzie.com/en/resources/global-public-ma-guide/asia-pacific/malaysia/topics/before-a-public-takeover-bid ""

Following the sale of MAA Philippines, MAA now has a larger cash reserve, making it an attractive target for privatization and hostile takeover. Stay tuned!

Posted by TheContrarian > 2024-04-25 17:00 | Report Abuse

Tomorrow MAA will fly?

Posted by TheContrarian > 2024-04-26 13:48 | Report Abuse

Breaking news : MAA sold off all its interest in Turiya for 40 sen per share making a gain of 22 sen per share.

Posted by TheContrarian > 2024-04-26 13:51 | Report Abuse

The total gain is RM29 million and will enhance MAA's EPS by 11 sen.

Posted by TheContrarian > 2024-04-26 16:22 | Report Abuse

Oh dear, price dived.

Posted by dompeilee > 2024-04-26 17:05 | Report Abuse

20c/ shr in cash coming in & price can still drop to 38.5c....only in Malau-sia( or Malu-SIA) lol Luckily I've got six figures invested in Japan, which will in 2025 overtake the size of my local portfolio given the cheapness of the yen & the sales proceeds locally that I will funnel there.

Posted by Cipta > 2024-04-26 17:16 | Report Abuse

dompeilee, what's platform u r using invest in Japan share market?

Posted by dompeilee > 2024-04-26 17:21 | Report Abuse

One of the major IBs. Most of them offer global trading for steep commissions...cannot reveal too much about my own accounts 😉

Posted by TheContrarian > 2024-04-26 17:38 | Report Abuse

Took some profits at 40.5 sen in the morning before the announcement.

Posted by dompeilee > 2024-04-27 07:34 | Report Abuse

First say sold @ 39.5c...then delete & change to 40.5c...Liar alert...another one of those where nothing alleged can be believed lol

Posted by speakup > 2024-04-27 09:30 | Report Abuse

maybe just a honest mistake. give him the benefit of doubt. maaflah, dont be too harsh

Posted by curiousq > 2024-04-27 10:09 | Report Abuse

yes, 20sen /share from Turiya disposal .... doesn't mention whether would give dividend, somehow, he can do so if he wants .....

Posted by TheContrarian > 2024-04-27 12:35 | Report Abuse

Sold a small portion at 9.54 am yesterday. What's the price at 9.54 am?

Posted by TheContrarian > 2024-04-27 12:37 | Report Abuse

Posted by dompeilee > 2023-11-16 17:01 | Report Abuse

Dripped more $ into MAA @ the 44.5c close...🤗 Pity those who chased @ 60c or higher & had to CUT, but if they chose to hold, they would be guaranteed to make $ within the next year at the very latest

Pity those who bought at 44.5 sen.

Posted by TheContrarian > 2024-04-27 13:29 | Report Abuse

Posted by dompeilee > 1 day ago | Report Abuse

Bought more MAA @ 38.5c, going above 10,000 shrs for the 1st time since 2012!

Ten thousand shares? Yesterday I sold 24,000 shares , still have balance 97,100 shares.

Posted by TheContrarian > 2024-04-27 13:43 | Report Abuse

again?


TheContrarian

8,646 posts

Posted by TheContrarian > 2024-01-18 18:09 | Report Abuse

Bought at 35 sen today.


TheContrarian

8,646 posts

Posted by TheContrarian > 2024-01-19 10:33 | Report Abuse

Bought at 34 sen today

On the first trading day in January Kuchai went limit up and I sold off all at 1.62 netting over 30% gain, used the proceeds to buy 100,000 MAA shares at 34 to 35 sen.

Posted by TheContrarian > 2024-04-27 15:42 | Report Abuse

I don't think MAA will declare any dividend as punishment to the minority shareholders for opposing the major shareholders attempt to privatize it at 1.10.

Posted by speakup > 2024-04-27 16:25 | Report Abuse

MAA was one of the early shares sprakup bought when first dabble in klse. That time MAA was trading at rm5+

Posted by dompeilee > 2024-04-27 19:02 | Report Abuse

TheContrarian

Posted by dompeilee > 1 day ago | Report Abuse

Bought more MAA @ 38.5c, going above 10,000 shrs for the 1st time since 2012!

Ten thousand shares? Yesterday I sold 24,000 shares , still have balance 97,100 shares.

5 hours ago

I don't need to believe anyone who already has an HONESTY DEFICIT. I saw your post proclaiming your sale @ 39.5c b4 you DELETED it. Unlikely to be an honest mistake for such an allegedly large position(which is probably a lie to begin with) 😉

Posted by TheContrarian > 2024-04-27 19:16 | Report Abuse

Ten thousand shares only? Hahaha 🤣

Posted by xiaoeh > 2024-04-27 20:31 | Report Abuse

do you read technical chart TheContrarian?

Posted by TheContrarian > 2024-04-27 20:40 | Report Abuse

@xiaoeh, no, I don't.

Posted by Cipta > 2024-04-28 16:25 | Report Abuse

It has been five years since Tengku's first attempt to privatize MAA. Now, MAA has been released from PN17 status but may re-enter PN17 after the sale of MAA Philippines, a lower price compared to 2019, and increased cash reserves. I believe this is an opportune time to consider privatization once again.

Posted by TheContrarian > 2024-04-28 17:36 | Report Abuse

@Cipta, ultimately MAA will be privatized but no one knows when. In the meantime minority shareholders continue to be punished by not getting any dividend.

Posted by Cipta > 2024-04-28 17:53 | Report Abuse

@TheContrarian Perhaps this is the way to force minority to accept the offer price when 2nd attempt coming.

Posted by TheContrarian > 2024-04-28 18:09 | Report Abuse

Probably will be at a lower offer price.

Posted by TheContrarian > 2024-04-28 18:11 | Report Abuse

Long ago before the privatization attempt MAA paid generous regular dividend plus occasional big special dividend. Things turn sore after the failed privatisation.

Posted by TheContrarian > 2024-04-28 18:18 | Report Abuse

A couple of years ago from time to time MAA did some share buy back, hopefully they will resume doing so now that there's cash in the bank.