The share price has spoken the truth. The combined ratio > 100%, the claims always higher than written premium. The core business is not making money. All depends on the investment income and whereby the under writing loss has eaten up the investment profit. How do u justify it is a profit making business?
You are the corner stone of Malaysia's insurance industry, you shouldn't let your share price goes up and down like this, always following other people, keeping yourself behind other insurance companies, this is bad for company reputation. Increase your reputation, show some leadership and entrepreneur quality, this is good for future business prospects.
On your annual report of 2015, it shows: On page 112, Net profit for group for the year: RM 139 million On page 112, Dividend for shareholders for the year: RM 35 million On page 153-154, Directors remuneration wages and bonuses (for 12 directors): RM 9.181 million On page 153, wages and salaries for the year for employees: RM 88 million This company is surely making 12 people very rich every year. By comparison, % goes to dividends for shareholders=35/139=25% or % goes to 12 directors=9.2/139=6.6% or % goes to employees=88/139=63%. On page 239, total number of shareholders 5652. This shows that 5652 people get a share of 25% of the net profit while 12 people gets 6.6% of which one executive director gets between 2~2.5 million shown on page 155.
The 12 people that makes RM9.181, how much time they have met for the year, they only met for 10 board meetings for the year shown on page 52.
This is a crazy world, what for 5652 people want to invest in a company that pays 12 people that meet only 10 times a year for RM9.18 million when they all the 5652 of them only gets to share the RM 35 million only! When you determine whether a company is of value to investors or not, you have to see whether the directors and the shareholders are treated fairly or not. This is first investment rule of all people.
loyalok, the no dividend announcement can only be found in annual report, which is why you haven't seen any announcement. Only when there is a dividend will there be an announcement. Of course, if MNRB board of directors really care about small fishes like us, they could have put a note to its quarter report announcement.
MNRB's net earnings per share ranged from a low of 22.6 sen to a high of 73.2 sen over the past 6 years, with an average of 51.4 sen. In its latest quarter, its earnings per share has already reached 18 sen. Its share price dropped because it failed to declare any dividend for its financial year ended 31/03/2015, not because of poor earnings. ASB and PNB together control nearly 60 % of MNRB.
Icon8888...i am not trying to outsmart u but u r way too below par with ur judgement. Hope u did not all in and get called! May the best luck be with you...what you need now is one time!
I think MNRB has lost lots of money again in its latest quarter ended 31/12/2015. Should shun this counter completely. Better to switch to Maybank, CIMB or RHB.
dear folks/fellow investors.... re-insurers are accorded lousy valuation coz of too many calamities the past year or so ... just take a look at newly listed China-Re ..... better bet on life or general insurers ........ go for Prudential, AIA and Great Eastern instead
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....
loyalok
161 posts
Posted by loyalok > 2015-08-02 17:06 | Report Abuse
The chance to announce bonus issue is possible as NTA is >6