Chance of hitting 3D might be higher to get the IPO, , so I will opt for 3D

Maxis public investors is at min side, MCB still holding 75% stake which is the min requirement of listing (you cannot have less than 25% free float), it just means they don't intend to sell their stake too much.
The too low free float issue might be a problem for longer term as it means large foreign instituitional investors hard to take large stake in it.

Support own stock, Tanjong.

You must spend more/use more (which they derived more profit from you) as Elite one club (something like that, forget the name liao), then can have the Maxis customer portion IPO.

The barely minimum free float 25% is one of lowest in recent big IPO, if not mistaken, even last time MCB listing time was higher than that.

5K? 10K?

1k is also good liao or very hard to get.
Unless one is applying to get more than 100K shares or 500K shares one, may be get a few more after hitting.

Cannot compare directly.

TA now is more a properties based company (although TA previously was one of top securities firm), while OSK still a investment banking based.

Fundamental is different.

Yesterday got, today, no.

Can post your problem if facing problem as admin making some database change.

Conspriacy theory again.

TA focus is in properties already, not rely on investment banking.

27.7% is including instituitional and retails

as those instituitional portion is considered as free float as well.

TA's core business is properties and properties related, securities business is not is main business anymore, although still a chunck of come from it.

It is not like TA dispose TA Global, TA still control TA Global and running it, just it spin off as another listing entity, whatever TA Global make (revenue/profit) still will register under TA's book.

You means Omega?

A lot of people knew TA around 1994 including me, as at that time, securities business is like hot cake or printing money business in super bull run, if not mistaken, TA was around 10+, almost every securities company share like hitting jackpot or like gold.

Monkey this month short the FKLI, so 1 lot selling across

Rm20, not bad liao.

Not the Rm2 candy.

Better than nothing.


Mana my Kuih Talam?

Haha, tell others to buy you the BMW Sport. Nice tactic.

No offence, joking only.

Friday data ie employment number, is the most important one, the rest doesn't bother too much the market. Because any solid recovery must accompanied with job creation if not, it is not sustainable for economy growth.

Buyback is actually using your portion (as shareholders) money to buy stock for you.

So if the company is doing buyback, effectively it is you are buying the share at the buyback price they are paying right now.

It is your entitled money if company is sincere enough to give it as cash.

I don't see there is a need to company buyback then give it as share dividend afterwards, as it just means it forcing shareholders's entitled cash money to buy the company stock only.

EPS at 45 cents, annualised RM1.80,

at 15.00 means PER 8.3x

Cash 1.8 billion. Cash generation is strong, no problem for generous dividend. They can even raise the dividend if they want to based on the cash generation ability.

Tanjong had lot of borrowing, short and long term in USD, so if USD sinks vs RM, extra exchange paper gain.

The bolded part is the key. A lot of company were doing buyback last year before the crisis happened, it just means company is making loss with the shareholders money, even Citi buyback its share at USD50, look at how now. That's the major problem of the buyback.

I still believe company or company management board should be focus (or responsibility) on to increase shareholders benefit in term of generating more profit to the company or dividend to shareholders, instead of going into the market themselves to buy share, which they might not (or might) good at it.

1) You use the cash to give good dividend, share price will automatically stablise itself, it is the market force that matter the most, look at BAT, even the financial crisis was on its height point, its share still solid like a rock. You don't need to interfere much to prop up the share price, nobody can fight the market force, market will determine itself.


3)&4) Yup, this I agree, but partly no applicable after single tier, any profit made or accumulated profit is taxed at company level.

Nothing beat hard real cash. What if company is actually buying at higher share price level. Like company is paying average Rm2.00 for the buyback, but share price now is Rm1.50. Effectively you don't save any from it. As if give cash, it means RM2.00 net. But now worth Rm1.50 only, still lose out.

5) It is force reinvest, company still pay for commission for brokerage during the buyback as same with retailers, investment banks still charge the commission, stamp duty, clearing fee. Even we received as free share dividend, it means company actually paying for it already. Company money is your entitled money.

The major problem of buyback is so called that reasonable price, what price is low in consideration? Share price below NTA? Share price below cash level per share? There is no guide line on it.
Why buy today, then next day no buying? Company is just seen buyback when they wish, as same as most retailers buy stocks when they wish, a good strategy to do it in this way?

At least need some analysis or proper explaination to shareholders why buyback and reason for it. We had seen lot of company is making losses for shareholders (in term of money) due to buyback price too high.

The one I had seen the company making decent profit out of buyback programme is IGB, which they sell their part of their previously treasury share (which bought at lower level) at a gain.

Don't mean buyback is totally not good, as ability to buyback means at least company financially and cash situation is strong, just nothing beat hard real cash return for shareholders. Want to reinvest, can always use the cash to buy the share again from the open market, by then shareholders have a choice. Market is not stupid, if a company is good and give good return to shareholders, people won't ignore the stock.

Cheers.

Matter of time only, due to economy growth and inflation.

During 1994, when crossing 1300 time, people talk about touching 1500, but it only happened after 14 years.

So gain 200 points for holding 14 years, 200/1300 = 15% equivalent to 1% per year, much much worst than FD