pennies partying le .... bad sign ?    last round of party before crash ?

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Added on February 8, 2011, 4:40 pm

your 80 cents should match lio . those goreng at Rm1 how how ? wait for the tin to come out kah ?

wondering why there is still no news about this matter..

CI is only  reacting  to China 0.25 pts  increase in interest rate

You happy or sad?  
Naim

PNB bot 5% [12.5M shares] into Naim~~ avg price RM 3.40
at the same time.. Camel bank says "buy" Naim, TheEdge hardsell S'wak election...
all that boost confident....
happy with Naim today~~~~~   

i hope NAIM drop to 3.4+ tomorrow..... hahahaha

i forgot i Q at 3.81 this morning, accidently sold liao...

i see more red than green..
naim save my day

oh, whole year izzit...
if it's true, at current price 5.47, the net yield is still more than 8%....... quite attractive......
they had distributed 22 cts this year so far (up to 3rd Q)..... another 8 cts for 4th Q + 15 cts for special divvy?     
who's with me?

maxis really rich.
since last year, hotlink sms rate increase from 5c to 7c, maybe this can help to add their profit...?

what is the plan? mind to share , i wanna change too....

hehehe.. lets go back to chopping board...

***I assume the segment reporting for gaming in Qtr report only consists of 51% of Magnum's profit. If it is 100% of Magnum's profit, then the whole calculation is void. ***

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Added on
MPHB Gaming Profit Before Tax for 9Months : RM291M
Assume full year Gaming Profit Before Tax : 291x4/3 = RM388M. lets round to RM360M

The additional 49% of Magnum shares will increase annual Profit Before Tax by approx RM360M.
i dunno how much is the tax, so use 25%. profit after tax : 0.75 x 360M = 270M.

Currently MPHB has 1.077B shares. With 343M new shares, total shares will be ~ 1.4B [havent consider RCULS]
so the remaining magnum stake of 49% will bring in additional ~0.19c [let's round to 0.20c] EPS annually to MPHB....

4 rolling Qtr profit = 328M. With additional 270M from the 49% of Magnum, that will total to 600M annually.
RM600M / 1.4B shares = 42c EPS..
Last traded : RM2.70 [round up]
PER : 6.42x
30% of profit as Divvy : 12.6c or abt 4.7%Yield [i dunno their divvy policy, could be 50% . if ur cost is lower, of coz the yield is higher]

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Added on
At the moment, MPHB has about 750M cash, 1.8B Debt..
~the share dilution is probably offset by the new income.
~only thing is how they plan to finance the 800M cash.
~i believe this exercise will increase debt by a bit but also increase eps and dividend by a bit. no "Big" impact.
~However, it will be a different ball game if they wanna relist magnum after that  

***just some newbie calculation only~ kindly point out the mistakes...  ***

if magnum relisted, i'll dump my mphb for magnum....

i believe the chance of magnum getting listed again is rather low since through this corporate exercise cvc will be able to sell their shares in magnum,
if magnum is to be listed again, it is not rationale for cvc to buy back magnum shares again (with assumption magnum shares will be offered to mphb shareholders) 

if cvc still hold 49%, cvc can easily sell it through magnum IPO, right?

anyway, for me personally, if magnum relist plan is cancelled, i would not be disappointed,
since magnum is 100% owned by mphb, then holding mphb shares is akin holding magnum already,

only difference is, maybe people are happier to have their share counter name as 'magnum' which is more well-known than "mphb"