Posted by Opportunate > 2022-05-23 00:22 | Report Abuse

@theContrarian

Here is my understanding about the Nomura fund

When Generali purchased 49% of MPHBCAP Insurance business , MPHBCAP granted a 3 years call option to increase further 21% and a 5 years Put Option for Generali to resell the 49% of MPHBCAP insurance business to MPHBCAP if the Call Option failed to executed.

As a probation to the Put Option , MPHBCAP need to keep the fund to repay Generali when the Put Option executed.
In the Put Option , stated clearly the calculation of the redeem price ( adjustment ) where MPHBCAP increases the amount over time from cash in hand

Posted by Opportunate > 2022-05-23 00:41 | Report Abuse

My view

As the EGM is about the disposal of 51% of Insurance holding , should they provide the break down of the utilization of the proceed of 518.16MM only or everything about the company ?

My view was that the breakdown of the utilization of proceed is fair which address the rewards to the shareholders , to address PN1 status ( no core business after disposal of insurance business ) , working capital and repayment of debt.

After this , only dealing with the remaining of cash and asset post disposal

Posted by Opportunate > 2022-05-23 00:44 | Report Abuse

I strongly believe those significant holder of MPHBCAP will vote for the resolution. As if the EGM fail , will back to square one. No dividend..continue waiting as the company has no fund to develop the property and still under the scrutiny of BNM

Posted by Opportunate > 2022-05-23 00:46 | Report Abuse

I think the best interest for minority shareholders is the completion of disposal of insurance business and tranfer to property division.
No matter what the management propose in the future , it won't be worst than today

Posted by Opportunate > 2022-05-23 00:48 | Report Abuse

I have contacted those holding MPHBCAP that I know. We will vote for the resolution in EGM. Our holding should be 0.5% to 1%

Posted by Opportunate > 2022-05-23 00:52 | Report Abuse

I started to invest in MPHBCAP since spin off from Magnum through capital repayment. I sold off all Magnum stock after completed the exercise then switched MPHBCAP and temporary parked at REIT for dividend when the price above 2.
Recently I switched back to MPHBCAP in 2019 berring that Generali will not exercise the Put Option and ready to take advantage of the proceed from the 49% disposal.

Posted by Opportunate > 2022-05-23 00:52 | Report Abuse

*betting

Posted by TheContrarian > 2022-05-23 00:53 | Report Abuse

@Opportunate, I agree that for the purpose of the forthcoming EGM they only need to address on the proposed utilization of the RM508 million disposal proceeds. Still the amount held in the Nomura i-income Fund at around RM460 million is substantial and the question remains whether they will distribute all or some as dividends as they don't need it anymore if EGM approves the disposal of the insurance unit.

Posted by Opportunate > 2022-05-23 01:31 | Report Abuse

I think for the remaining RM480MM , question should be raise during coming AGM. I'm expecting during AGM , they will provide an update of their plan for this , included how to unlock the value

Posted by Opportunate > 2022-05-23 01:31 | Report Abuse

Of the properties and lands

Posted by Opportunate > 2022-05-23 01:36 | Report Abuse

They should address during AGM

What they will do with the remaining cash in hand of RM480MM

Distribute a portion as dividend ?
M&A - acquisition or investing in property development company like BRDB which took private in 2013. Will BRDB going for IPO again ? I'm checking on BRDB as seem like MPHBCAP engaged with them in the past in JV projects to unlock the value of the land ?
A portion as working capital ?

Posted by Opportunate > 2022-05-23 01:38 | Report Abuse

Just need to be patient waiting for management to disclose their further plan.

Posted by Johnzhang > 2022-05-23 07:11 | Report Abuse

@opportunate, I like your calmness and optimistic disposition, something many of us to learn .

Posted by Johnzhang > 2022-05-23 08:14 | Report Abuse

I personally don’t like the Management not being upfront on the use of total disposal proceeds in MPI totaling $508+360 millions. Proceeds from the land disposal in earlier years totaling $340 million has not been addressed too.!
They should at least proposed to distribute to shareholder all of the $508 mil being the disposal proceeds from the 51% MPI . The disposal proceeds in earlier years from 49% MPI and land totaling $360 +340 =$700 mil can be addressed in AGM. And $700 mil is a huge sum for investment, working capital etc!

Posted by Johnzhang > 2022-05-23 08:21 | Report Abuse

That leads me to think that the management is evasive and the most likely outcome is for SU to take 100% control of all assets worths $billions by utilizing the balance of the assets disposal proceeds after the 45sen distribution. The balance proceeds add up to about $866 millions.

Posted by Johnzhang > 2022-05-23 08:23 | Report Abuse

Can EGM be virtual too ?

Posted by wallstreetrookie > 2022-05-23 08:39 | Report Abuse

@Johnzhang you always like to chase uptrend stocks. Sometimes uptrend doesn't mean it is a good company, just saying.

Posted by TheContrarian > 2022-05-23 08:49 | Report Abuse

Of the RM700 million mentioned by Johnzhang, RM460 million is currently invested in Nomura i-income Fund and RM240 million in unquoted unit trusts.

Posted by chkhooju > 2022-05-23 08:52 | Report Abuse

@Johnzhang. Would you like to share which are the potential good stocks to invest now. Thank you.

Posted by speakup > 2022-05-23 08:54 | Report Abuse

wow!
going to open up...............1sen
crazy!

Posted by speakup > 2022-05-23 08:55 | Report Abuse

cant believe my eyes!

Posted by speakup > 2022-05-23 08:58 | Report Abuse

all sell on news. too many short term punters

Posted by speakup > 2022-05-23 09:00 | Report Abuse

opening 1.60
up 3 sen..................ONLY!

Posted by speakup > 2022-05-23 09:01 | Report Abuse

sapnrg up 29%
mphbcap up 3%
isn't mphbcap giving 45sen dividend? not sapnrg
can't believe

Posted by TheContrarian > 2022-05-23 09:05 | Report Abuse

Haha speakup, mocking the retailers here?

Posted by speakup > 2022-05-23 09:06 | Report Abuse

not mocking lah! SHOCKED LAH!

Posted by TheContrarian > 2022-05-23 09:07 | Report Abuse

Haha speakup, go buy Sapnrg.

Posted by speakup > 2022-05-23 09:07 | Report Abuse

TOTALLY UNEXPECTED!
sapnrg up 36% but mphbcap up 0%
really out of this world

Posted by speakup > 2022-05-23 09:08 | Report Abuse

money stuck in mphbcap how to buy sapnrg?

Posted by theong > 2022-05-23 09:08 | Report Abuse

Some more it in red. Could not believe.... What a show. Look like some invisible force don't want it to up yet.

Posted by TheContrarian > 2022-05-23 09:10 | Report Abuse

Surin screwing the retailers here.

Posted by speakup > 2022-05-23 09:11 | Report Abuse

now it makes perfect sense! everything falls into place.
the major shareholders ie insiders did not push up before the announcement nor after the announcment of the sale because they already know dividend so so only. so obvious now. was wondering why mphbcap up sooooo little only despite the good news of the sale.

Posted by TheContrarian > 2022-05-23 09:12 | Report Abuse

@speakup, how long stuck in MphbCap?

Posted by speakup > 2022-05-23 09:12 | Report Abuse

sad. very sad
sad day for mphbcap shareholders. speakup included

Posted by speakup > 2022-05-23 09:13 | Report Abuse

speakup can sell now for a small profit. speakup entry 1.30

Posted by markgold > 2022-05-23 09:14 | Report Abuse

Really cannot believe.

Posted by chkhooju > 2022-05-23 09:21 | Report Abuse

Yesterday I quequed to cash out at 1.97. What a joke,!

Posted by chkhooju > 2022-05-23 09:23 | Report Abuse

Instead I bought more at 1.59.

Posted by speakup > 2022-05-23 09:23 | Report Abuse

aiyah if insiders didn't push up before the sale news or during the sale news, what makes u think insiders will push up after the dividend news. so obvious now. was wondering last time why why why mphbcap didn't do up much after the sale news out. now it is clear

Posted by TheContrarian > 2022-05-23 09:26 | Report Abuse

The proposed quantum (of only 45 sen) set aside for distribution to shareholders is a big disappointment. Market is reacting to the disappointment.

Posted by chkhooju > 2022-05-23 09:29 | Report Abuse

What a joke. 1.53 also done. Down 4 sen.

Posted by speakup > 2022-05-23 09:32 | Report Abuse

no eye see

Posted by Johnzhang > 2022-05-23 09:34 | Report Abuse

I am waiting at $1.45. After 45 sen repayment, nett cost is $1.

Posted by speakup > 2022-05-23 09:34 | Report Abuse

really dont understand why favco can up 85sen after dividend announcement, but mphbcap cant even up after 45sen dividend announcement

Posted by value_seeker > 2022-05-23 09:40 | Report Abuse

It raised a few days ago. Already up 15 cents, any comment.

Posted by TheContrarian > 2022-05-23 09:44 | Report Abuse

@Johnzhang, you need to engage the Board as regards the RM700 million.

Posted by Johnzhang > 2022-05-23 09:49 | Report Abuse

@speakup, Favco 85 sen is dividend sure in pocket without having to get approval.
Mphb’s 45sen is still subject to many approvals yet to be completed and conditional to completion of insurance sales . There is difference and investors want certainty.

Posted by franciscosavage > 2022-05-23 10:10 | Report Abuse

1.49

Posted by speakup > 2022-05-23 10:32 | Report Abuse

gone. bye bye.

Posted by chkhooju > 2022-05-23 10:43 | Report Abuse

@speakup you took profits and cabut?