Maybe nobody know. Maybe you can share why you think it will be privatised.

help you bring your post to the new page, to get more attention

that's the best i can help

privatised? he heard some rumour maybe

Afternoon session will be interesting, see how rebound is... ... ...

I look at SINOPEC-C1 and PETROCH-C1 price and I wanna cry....
I would have made enough to cover the losses of IOICORP if I havent sell.... aiii, learn patient next time.... this is the 2nd time PETROCH-C1 teach me patient lesson...

looking at regional market performance, looks like they are losing steam...

If I have time today, I wont sell lor...
Cos this morning, I have appointment...
I see the movement, i tot wanna buy back at 0.345 but I dont have time to watch the movement...
And I also have bad luck with CW that everytime I came home sure red red red...

This post has been edited by kapitan: Nov 22 2007, 02:26 PM

fighter's spirit, re-enter when market is open!

all rebound rebound......
but KLCI down.
hope later can rebound

The TM-CF and BURSA-CF quite tempting for me

There is a mandatory offer on the table to take Twscorp privately at offer price Rm1.36, whether it can be succeed or not, don't know, as the offer price seems not quite attractive. Sometimes, offer too low, it will fails as shareholders not interested to dispose.

---

Added on November 22, 2007, 2:36 pmRegarding yesterday issue of some one ask why the privatisation issue won't be benefit to MPHB, today newspapers got some publication about it, it is taken private by a overseas private fund, it is not taken over by MPHB, instead, the shareholding of MPHB in Magnum will dilute slightly after the privatisation process completed.
By rights, it has nothing to do with MPHB at all or much. MPHB is just a helping hand for the overseas private fund.

This post has been edited by cherroy: Nov 22 2007, 02:37 PM

Anyone here got an account to trade in the American sharemarket?

If so, what account/broker have you got?

Thanks cherroy.

Yeah it is quite low.

If it succeed but I still keep how?

When they succeed with more than 90%, it doesn't need your wish to get it, after more than 90%, it is mandatory for them to grab all the remaining shares in the market, you can't keep it even you want to.

This post has been edited by cherroy: Nov 22 2007, 02:40 PM

Magnum shares surge on privatisation deal

PETALING JAYA: Magnum Corp Bhd shares surged yesterday after major shareholder Multi-Purpose Holdings Bhd (MPHB) proposed to take the cash-rich gaming company private at a premium price of RM3.45 per share.

The stock gained 20 sen, or 6.5%, to finish at a four-month high of RM3.28, which was 5% lower than the offer price. Volume swelled to 15.2 million shares, the highest since May 17.

The proposal to take Magnum private did not come as a surprise to the investing community. Speculation over such an exercise arose even after the company completed a hefty special dividend payment of 70 sen in August as many observers believed Magnum was ripe to be taken private.

Some quarters, however, were disappointed with the offer price, saying the premium was "rather thin'' for a cash-cow that generates a steady flow of about RM300mil a year.

Magnum currently has net cash of RM233mil. The numbers forecast operator's non-core assets, including investments, are worth about RM527mil. It also owns land.

"Based on our revised net asset value valuation for Magnum, we derive a fair value of RM2.74 for its core gaming business and RM1.24 for its non-core assets," OSK Research said.

The gaming stock, which had seen waning investor interest amid concerns over corporate governance, grabbed the headlines when it declared a 70 sen special dividend after posting record profit for its first quarter ended March 31.

Some analysts had expected Magnum to follow the footsteps of its peer Berjaya Sports Toto Bhd (BToto) in adopting a generous dividend policy to reward shareholders following a windfall profit.

They said then that there was a good chance of Magnum continuing to declare good dividends because its parent company, MPHB, needed funds to finance its property development projects.

Though the privatisation spells the end of high dividends for minority shareholders, some analysts think the deal was a fair one for shareholders and MPHB.

"While no value was tagged to Magnum's properties, we think the offer price is reasonable given that realisation of the value of these assets will take some time," said ECM Libra Avenue equity research, which recommended its clients accept the offer.


Analysts said at RM3.45, Magum's gaming business was priced at a higher valuation than that of BToto and Tanjung Plc, which paid better dividends.

"It is a fair deal given the fact that Magnum has never been generous in paying dividends, except for the special dividend declared earlier this year,'' a senior analyst said. "The share price would probably not go higher than RM3 if not for the

URL: http://biz.thestar.com.my/news/story.asp?f...28&sec=business

Jialat liaw this time

HSI -1.5%
Shanghai -3.7%

No eye see

In cantonese this is called 'Colder than WATER'......

Pana, can borrow me your shoulder, need to soobbbbb

This post has been edited by chinkw1: Nov 22 2007, 02:47 PM

Hang Seng open at -ve. Now -368 points.

6.90 early morning...
IOI rebound? See correctly la...

ALL HK CW either red or neutral.... feel better now...

I bought a bit at 6.85, for testing purpose...

if it go to 6.50, i beli more

This post has been edited by chinkw1: Nov 22 2007, 02:51 PM

guys, HK CW red again

fasten your belt & get ready for another round of roller-coastering!