Posted by dompeilee > 2021-09-21 16:22 | Report Abuse

Govt going bankrupt....linked parties hv no funds to complete the takeover.

Posted by Inv3st0r69 > 2021-09-21 16:23 | Report Abuse

wow.. what really happened here... no hope already?

Posted by Inv3st0r69 > 2021-09-21 16:24 | Report Abuse

@dompeilee haha what a joke

Posted by nuttyprofessor > 2021-09-21 16:24 | Report Abuse

ya quite crazy today. saw a 5,000 and 2,750 I think sold like 15 minutes ago taking out 1.79/80. Lucky I sold 1.84 I dont have diamond hand can't hold. No idea why tho

Posted by Inv3st0r69 > 2021-09-21 16:47 | Report Abuse

maybe epf wants to cash out first.. cos the volume doesnt look like retail.. maybe no real reason to panic yet.. question, if pnb has decided to reject and those ppl reacted to it, isnt that considered as insider trading?

Posted by dompeilee > 2021-09-21 17:03 | Report Abuse

UMNO the notorious makan duit party back in power via the back door...u hv confidence in this govt??? No need 2 believe the propoganda...just look @ the RM vs the USD, JPY, SGD, etc etc

Posted by DickyMe3 > 2021-09-21 17:10 |

Post removed.Why?

Posted by KeyBoardWarrior84 > 2021-09-21 17:19 | Report Abuse

But when u want to announce offer u must confirm have enough money to pay la, if not already breach the rules, so no money is never a risk.. Aiyo common sense la brader

Posted by Syndicates > 2021-09-21 17:36 | Report Abuse

winner talk loser walk issit? those leader wannabe gone after a fall. i thought they supposed to be here to give confidence to the others?

Posted by James Ng > 2021-09-21 19:42 | Report Abuse

https://klse.i3investor.com/blogs/general/2021-09-21-story-h1571649093.jsp
[转贴] [Video:浅谈MMC CORP BHD, MMCCORP, 2194] - James的股票投资James Share Investing

Posted by KeyBoardWarrior84 > 2021-09-21 20:35 | Report Abuse

Apa James cakap tak da paham

Posted by SincereStock > 2021-09-21 20:59 | Report Abuse

@Syndicates still too early to declare winners / losers before SCR result

@KeyBoardWarrior84 part MMCCORP James Ng cakap semua benda x de makna saja, cakap semua yang orang suda tahu saja, x da buy or sell call, cakap buy sell own responsible saja, x da makna suda cakap semua tu skrg, skrg main thing is SCR will pass or not saja, itu saja kami retailers tidak tahu dan mahu tahu, ini langsung dia x ungkit pun, tipu view saja, pure troll waste my time to watch

Posted by csan > 2021-09-21 22:12 | Report Abuse

Inv3st0r69, insider trading is nothing new. just that it's not in the dictionary of Bursa and SC yet haha. and yes, the dumping today is very likely the case of insider trading by funds who knows it is not going through.

Posted by diggiediggiedang > 2021-09-21 22:15 | Report Abuse

Probably some people got worried by global macro and want to take some money off the table? amidst sell down, think of it that for every seller, there were buyers. Would say that sell down well absorbed.

Posted by SincereStock > 2021-09-21 22:34 | Report Abuse

@diggiediggiedang we call it sell down because the seller is more aggresive, not really well absorbed imo, the price wouldn't go down if it is well absorbed at this point (less than 2 weeks toward voting EGM)

Posted by Roronoa07 > 2021-09-21 23:07 | Report Abuse

When is the last date allowed to sell our share in open market? 1 day before EGM ?

Posted by csan > 2021-09-22 02:12 | Report Abuse

no such thing as last date to sell

Posted by SincereStock > 2021-09-22 07:48 | Report Abuse

@Roronoa07

if the voting pass, last day = 1 day before exdate
if the voting fail, never for the time being

Posted by Syndicates > 2021-09-22 09:28 | Report Abuse

no worry be happy. no need to hide yourself. please come out to give comment

Posted by idkdontaskmelol > 2021-09-22 09:30 | Report Abuse

Still got ppl haven tp? Alamak, shakemyhead

Posted by Syndicates > 2021-09-22 09:38 | Report Abuse

why feel shameful? talk loud when it move favour of them, hide like mouse when it move against.

on optimistic side of view, the NTA of mmc was mainly attributed from takeover in early years by SM. all was the effort by SM. without SM the NTA won't be higher than RM3. so RM2 for the funds manager is reasonable.

Posted by Syndicates > 2021-09-22 09:41 | Report Abuse

gov going to bankrupt so related party got no money to takeover so they had to cancel the project so insider knows it and tell the others so the price keep dumping and dumping so everybody is on fear so the fall becoming snowballing so the price nobody support it. kikikiki

Posted by taitaumau > 2021-09-22 10:27 | Report Abuse

The way i c,
- 5 CW (25/26/27/28/29) are outstanding
- these 5 issuers are holding substantial mother shares and are able to influence its price
- Will they do acts to take advantage prior to EGM ??
- My view is: These issuers prefer SCR being voted down, so as to avoid Big Loss

Posted by Inv3st0r69 > 2021-09-22 11:08 | Report Abuse

the way i see it, i dont think thats how the 5 CW works for that matter.. I believe the issuer have already hedged their position and we dont know whos on the other side of the bet..

Posted by SincereStock > 2021-09-22 11:17 | Report Abuse

@taitaumau what an enlightment, yes, the issuers are the ones that benefit the most if the SCR voted down, I never thought of this before

first they sell the mother shares as much as possible to lock profit, then they keep just enough to vote down the SCR, so that they won't lose money when the CWs is expiring

a much more reasonable theory than gov backurptcy talk or PNB vote down

was thinking to reenter just now when it is 1.76, but don't have enough cash at the moment, so I think I will just pass this counter until EGM, especially after hearing this convincing theory

Posted by SincereStock > 2021-09-22 11:20 | Report Abuse

the issuers are indeed the operator that has been influncing this counter all the way from the beginning anyway, as someone who has been monitoring this counter for such long, I highly believe so

Posted by SincereStock > 2021-09-22 11:21 | Report Abuse

I overlooked the fact that they might also have enough share to influence the voting outcome

Posted by stockraider > 2021-09-22 11:25 | Report Abuse

Why MMC share price need to kept low b4 the privatization leh ??

U see if MMC price is kept too high & close to privatization price of Rm 2.00, the privatization is likely to fail loh!
Bcos Greed will overcome rationality, they will want higher & higher price mah!

When MMC price is kept low, they are incentive for the minority shareholders to vote in favor of the deal & reap good return mah!

Lu tau boh ?

Posted by SincereStock > 2021-09-22 11:27 | Report Abuse

@stockraider that also depends who is the one try to keep it low, the boss or CW issuers?

Posted by stockraider > 2021-09-22 12:00 | Report Abuse

The cw cannot keep it low...bcos it is waste of time mah!

30 sept 2021 is the determinant date for mmc valuation bcos of the privatization of Rm 2.00...most of the outstanding cw will not expire by 30th Sept Mah!

Thus no point for the CW issuer to keep it low mah!

Likely the owner wants to keep it low to ensure success mah!


Posted by SincereStock > Sep 22, 2021 11:27 AM | Report Abuse

@stockraider that also depends who is the one try to keep it low, the boss or CW issuers?

Posted by SincereStock > 2021-09-22 12:14 | Report Abuse

@stockraider no, at this point CW issuers plan is not to keep it low, if they got enough mother share they will vote down the SCR, and since if they know they can do that, now what they are doing is profit taking instead of trying to keep the price low, the price will automatically be limit down the next day the SCR is rejected

Posted by SincereStock > 2021-09-22 12:24 | Report Abuse

not that I hope the SCR will fail, I actually loved MMC a lot, this counter give me the most profit ever since I invested in stock market, ASIAPAC being the second.

but at this point, since someone might have enough mother share and reason to vote down the SCR, I think it is much safer to park my money in other counter like SURIA, which has very very limited downside and without worrying any privatization fail risk, instead, SURIA has a chance of getting privatization offer, similar situation like MMC before privatization, priced below RM1.2, NTA RM3.2

just in case the SCR is being voted down, I will surely be glad to reenter this counter once more at price prior privatization announcement (Rm1.3)

Posted by stockraider > 2021-09-22 12:27 | Report Abuse

How can they vote down when PNB is supporting MMC side leh ?

Btw Cw Issuer generally make money by keeping it low....so that people...lose monies when expire mah!


Posted by SincereStock > Sep 22, 2021 12:14 PM | Report Abuse

@stockraider no, at this point CW issuers plan is not to keep it low, if they got enough mother share they will vote down the SCR, and since if they know they can do that, now what they are doing is profit taking instead of trying to keep the price low, the price will automatically be limit down the next day the SCR is rejected

Posted by SincereStock > 2021-09-22 14:23 | Report Abuse

@kinuxian hard to say imo, they mess up with CW issuers first in the first place for offering privatization, any chance they might miscount the actual mother shares holding by CW issuers, CW issuers will hold significant amount of mother share if they want to control the share price, with or without the privatization

Posted by dompeilee > 2021-09-22 15:32 | Report Abuse

Looks like recovered a bit. Still, better to be OUT wishing I was in rather than IN wishing I was out !

Posted by stockraider > 2021-09-22 15:41 | Report Abuse

U cannot make money having have bake investment principle loh!

Posted by dompeilee > Sep 22, 2021 3:32 PM | Report Abuse

Looks like recovered a bit. Still, better to be OUT wishing I was in rather than IN wishing I was out !

Posted by Syndicates > 2021-09-22 17:37 | Report Abuse

Got info from my flen. One announcement is pending. I only can tell this. Kikikiki

Posted by SincereStock > 2021-09-22 17:41 | Report Abuse

@Syndicates your statement more like trying to inflict fear more than anything without any basis

btw, of course 1 announcement is pending, the result of the voting, and if it is the last announcement, then that means the voting passed. otherwise there would be a lot more future pending announcement from this company

Posted by KeyBoardWarrior84 > 2021-09-22 18:52 | Report Abuse

What info from flen? Egm around the corner, annc of result of egm?

Posted by taitaumau > 2021-09-22 23:55 | Report Abuse

Will PNB support SCR?
- I have no answer
- Your guess is as good as my guess

My views are:
1. TSSM has given ample time to BOD for consideration.
Yes, BOD has not decided yet upon expiry of 1st dateline, for reasons ?
BOD finally resolves (simple majority or unanimously ?) within extended timeline to call EGM

** highly possible that PNB has given its consent via his board representative/s **

2. RECAP: Perak Corp & Zecon
(where SCR are withdrawn - NOT voted down in EGM)
- the blocking shareholders/individual (as largest non-interested shareholders) have the courtesy
to make known their intentions to object prior to issue of Notice of EGM.

** PNB, being 2nd largest shareholder/participating shareholder, does not make known his
decision before EGM Notice is issued **
** A positive sign **

- I hold some MMC shares and have no insider info
- NO a buy or sell call
- My view may be wrong, TQ

Posted by Inv3st0r69 > 2021-09-23 07:38 | Report Abuse

dont think SM/MMC do this unprepared, cos fees to advisers already cost them a million++.. the CFO also ex PNB, sure have already gauge the risk appetite of PNB

Posted by Inv3st0r69 > 2021-09-23 07:45 | Report Abuse

PNB has such a significant stake in this Co and thats not a news.. dont think they will leave it purely with chances as they would have strategise with their advisers earlier on, on how to approach this SCR.. just my humble opinion

Posted by Inv3st0r69 > 2021-09-23 07:49 | Report Abuse

furthermore, this exercise looks like an interim proposal as SM had bigger plan for this Co down the road.. with the existing conglomerate discount and also this company's existing RPT, their port business will never achieve wesport's market cap.. it is only natural to assume they would have considered this

Posted by Inv3st0r69 > 2021-09-23 09:43 | Report Abuse

another round of selling. someone just dont want to take any risk

Posted by Syndicates > 2021-09-23 09:51 | Report Abuse

SincereStock @Syndicates your statement more like trying to inflict fear more than anything without any basis

btw, of course 1 announcement is pending, the result of the voting, and if it is the last announcement, then that means the voting passed. otherwise there would be a lot more future pending announcement from this company
22/09/2021 5:41 PM

you have clear mind, can read through what i'm telling. unlike of the others who kept pm me to shut up, when i comment on the risk of speculating this stock earlier. if i have no interest on this stock, i wouldn't spend my time in here. by the way the pending announcement is true kikikiki

Posted by Syndicates > 2021-09-23 09:55 | Report Abuse

price dropping day by day ahead of egm is better than gap down/gap up when the things turn real, your winning margin can be enlarged while losing margin reduced. no need to bash others for not tanking the price

Posted by Inv3st0r69 > 2021-09-23 11:03 | Report Abuse

so syndicates, dont la give hint like, this, if its bad news just tell bad news, we can decide whether to believe or not

Posted by TheContrarian > 2021-09-23 11:11 | Report Abuse

Possibly large number of proxy forms has been received voting against the SCR?

Posted by ziyang8896 > 2021-09-23 11:43 | Report Abuse

Same party play the same games as last few times,keep on pressing down the price day by day to make it looks like something going to be happened. Actually now Mmc is no more liquid in the market,most of the investors already submitted the proxy form. Of course still can buy or sell but should be less.If really vote against by PNB then no way to run.. instead of speculate the news and the share price,why not just wait for the answer next Thursday?

Posted by ziyang8896 > 2021-09-23 11:46 | Report Abuse

I still believe the EGM will go through especially the current market,for investors who wish to vote against should throw before EGM, otherwise how can they able to maintain the price like currently if the deal failed.