Thank you, Plumberly,... for this initiative. Writing would be more effective, if they reply. I asked them verbally and they said to just wait for any related public ann't, if there is. Please update us on the official reply from PNB.

I suspect that during the 'earlier' years (which I have not had the opportunity to profit from), the were a lot of retained earnings catering to a lower no units compared to today. Hence, the dividend per unit dropped as the years went by till today.

Okay,... whwre did they get the money from then ? Since mkt turned bad a year after they were launched, they must have made the money from somewhere. Yeah,.. one avenue could be like you said, from shorting the mkt,.... Or presumptiously, when it was first launched, PNB 'fiddled around' with the funds they have from other issues just to support this fund since it was just launched.

Will knowing how they started earlier and how they were able to provide bigger yearly dividends earlier help in deciphering the current nav ?

AR= Accts Receiveables figures ?

Thanks Wil,.. okay waiting for your report tonight. I supposed we will study the earlier figures from the first Annual Report and match it to RM1.00, then looking at the current Annual Report details and using the same ratio (in reverse fashion) to produce the current nav, right ?

Doesn't matter,... same infos are being printed, but on different pages only. Unless, of course, there are other pages which detail out new changes and amendmentds detrimental to us, or disclaimers against us. However, for the subject at hand, same infos appeared in the prospectuses from different years.

Looks like this thread is slowly transforming from being 'Overweight' to 'Underweight'.

This post has been edited by Hansel: Aug 18 2015, 05:08 PM

Good afternoon to all,... useful postings since yesterday.

Not a rumour. The clauses are written very clearly in their MP, year-after-year, 2013, 2014, and 2015/16. If they choose not to execute and decide to extend, that is a given. Then we must look at the extension clauses.

Holding horses now, not moving,... not buying more, and not selling too. Will wait for Plumberly's update, and secondly, observe what happens to AS1M and ASB at the coming year-end.

This post has been edited by Hansel: Aug 19 2015, 01:57 PM

Tks Wil,.. I'm seeing marked-to-mkt in yr sentence,... this means that the fixed price of RM1.00 will change into the current mkt price per unit. And this marked-to-mkt will be used to determine the Selling Price if a unitholder needs to sell. This is the disturbing part, if mkt is not good, like now, and we need to sell. Otherwise, we can always wait till the mkt recovers before we dispose.

Why do ou say that ASNB needs to disclose AS1M only ? What about ASB, sinceboth of these fixed-priced funds are having the same FYE on Dec 31st, 2015 ? The MP is the same for both of these funds, no ?

And the Trust Deeds for the other 4 Fixed-Price Funds did not mention the above.

Looks like same reply as when I askedthe counter earlier - they said, wait for ann'ts.

I amhoping the reply to the email sent by nexona would be more detailed, egs, if there is going to be an ann't, what will the grace period be for unitholders to redeem of they wished to do so, at what values, how many (if not all) would be able to get back the redemption amt of RM1.00 per unit based on the final nav prior to the ann't, etc...

Hi, yes, I hav thought of doing so. I like to observe first how they reply to 'ordinary questions'... Looks like they are replying with politically, and legally correct answers. If I should try with 'stronger words' using legal jargons, they might choose not to answer. Or reply in the same way - wait for ann'ts.

No way to dig more, I supposed,..

Add : Let's see how they reply to you first.

This post has been edited by Hansel: Aug 20 2015, 06:40 PM

-marked- - End=of-the-road to know more !!

Hi,.. I have been following the updates on the two enquiries sent to PNB. The last reply was from nexona, and this reply looks similar in nature to the reply earlier from Plumberly and a question that I posed verbally to PNB. The reply has always been, in essence : PLS WAIT FOR ANNTS.

I believed this reply is obvious in the minds of everybody, hence, it looks as if there is nothing much more that we can get out of PNB to help us make more investment decisions. We are at the 'end of the road' in the quest for answers.

Buying in blocks of 10K units are available now. ...

As of now, yes, am still on the sidelined position. Letting the dust settle first, and trying to probe further 'inside, if can get any infos'.

The prb then becomes : for non-Bumis, they have to be extra careful. Looking at all the 6 FP funds, ASM is the most highly exposed.

If there is no ann't, thn the default wil be an extension, but I suggest tht we need to read the incoming prospectus too to see what the extended date will be.

I beg to differ. Not the same basket,... for they arefrom different funds, by the same issuer. Different funds from one issuer can experience dfferent events and have different performances, in this case different VOA's.