MAA Group

Re: MAA Group

Postby winston » Mon Sep 05, 2016 6:32 pm

vested

Second Interim Dividend

0.03 Ex-Sept 20, 2016; Payable Oct 10, 2016

http://www.bursamalaysia.com/market/lis ... ts/5197921
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: MAA Group

Postby winston » Mon Sep 05, 2016 6:36 pm

vested

Sep 5, 2016

High: 0.96
Low: 0.935
Close: 0.96
+0.015
Volume: 848,800

Buyback of 580,000 shares (68%) between 0.945 and 0.96

http://www.bursamalaysia.com/market/lis ... ts/5198185
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Posts: 118528
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Re: MAA Group

Postby winston » Wed Sep 07, 2016 7:17 pm

not vested

Sep 7, 2016

High: 0.995
Low: 0.975
Close: 0.985
+0.005
Volume: 1,004,100

Buyback of 462,700 shares (46%) between 0.985 and 0.99
Cummulative Treasury Shares: 16.97m

http://www.bursamalaysia.com/market/lis ... ts/5200481
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: MAA Group

Postby winston » Thu Sep 08, 2016 6:14 pm

not vested

Sep 8, 2016

High: 0.995
Low: 0.975
Close: 0.985
No Change
Volume: 774,200

Buyback of 433,400 shares (56%) between 0.975 and 0.99
Cummulative Treasury Shares: 17.4m

http://www.bursamalaysia.com/market/lis ... ts/5201829
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: MAA Group

Postby winston » Fri Sep 09, 2016 7:08 pm

not vested

Sep 9, 2016

High: 0.985
Low: 0.98
Close: 0.985
No Change
Volume: 285,200

Buyback of 228,700 shares (80%) at 0.985
Cummulative Treasury Shares: 17.63m

http://www.bursamalaysia.com/market/lis ... ts/5202985
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: MAA Group

Postby winston » Wed Sep 21, 2016 9:10 am

not vested

Sep 20, 2016

Ex-Dividend of 0.03
High: 0.97
Low: 0.93
Close: 0.97
+0.03
Volume: 892,000

Buyback of 126,900 shares (14%) at 0.94
Cummulative Treasury Shares: 17.76m

http://www.bursamalaysia.com/market/lis ... ts/5209513
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Joined: Wed May 07, 2008 9:28 am

Re: MAA Group

Postby winston » Wed Sep 21, 2016 7:27 pm

not vested

Ex-Dividend of 0.03
High: 0.98
Low: 0.96
Close: 0.97
No Change
Volume: 1,039,900

Buyback of 400,000 shares (38%) at 0.975
Cummulative Treasury Shares: 18.16m

http://www.bursamalaysia.com/market/lis ... ts/5210677
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: MAA Group

Postby winston » Thu Sep 29, 2016 5:57 pm

not vested

Ex-Dividend of 0.03
High: 0.97
Low: 0.96
Close: 0.97
-0.005
Volume: 373,300

Buyback of 350,000 shares (94%) at 0.97
Cummulative Treasury Shares: 18.57m

http://www.bursamalaysia.com/market/lis ... ts/5218349
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: MAA Group

Postby winston » Wed Dec 07, 2016 6:26 am

not vested

MAA Group turns Philippine general insurance firm into a subsidiary

BY M. HAFIDZ MAHPAR


KUALA LUMPUR: MAA Group Bhd’s (MAAG) unit MAA International Assurance Ltd is increasing its equity interest in associate MAA General Assurance Philippines Inc and turning the general insurance firm into a subsidiary.

In a filing with Bursa Malaysia, MAAG said its Labuan-based offshore insurance and investment arm had paid 300 million pesos (RM26.82mil) on Tuesday to subscribe for additional 300,000 new shares with par value of 1,000 pesos per share in order to boost its stake from the present 40% to 70%.

The proposed subscription is subject to the approval of relevant regulatory authority in the Philippines and Labuan Financial Services Authority.

MAA General Assurance Philippines is a licensed general insurance company operating in the Philippines.

In the financiasl year ended Dec 31, 2015, the general insurance business in the Philippines contributed a profit after taxation of RM2.5mil to the MAAG group (2014: RM2.1mil).

According to MAG’s 2015 annual report, the higher proit was due mainly to the 37.1% increase in gross premiums to RM114.2mil (2014: RM83.4mil), write-back of impairment loss for insurance receivables due to recoveries and improved investment performance.

MAAG, a Practice Note 17 affected issuer, said the proposed share subscription would not have any effect on its share capital or substantial shareholders’ shareholdings and was not expected to have any material effect on the earnings per share, net assets per share and gearing of MAAG for the financial year ending Dec 31, 2016.

At MAAG’s AGM in June, chief executive officer Datuk Muhamad Umar Swift had disclosed that the company planned to turn MAA General Assurance Philippines into a subsidiary in order to have control of the latter.

However, he said MAAG was not certain of increasing its stake in associate Columbus Capital Pty Ltd, which is involved in the home mortgage business in Australia, to make it a subsidiary.

Source: The Star

http://www.thestar.com.my/business/busi ... ubsidiary/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: MAA Group

Postby winston » Wed Apr 18, 2018 10:16 am

not vested

MAA Group aborts plans to invest in Russian oil producer

by Samantha Ho

KUALA LUMPUR: MAA Group Bhd said yesterday it had aborted its plans to invest in an independent oil producer in Kaliningrad, Russia after assessing the risks associated with the potential investment.

In a filing with Bursa Malaysia yesterday, MAA said it will now use the RM28 million from the proceeds of the sale of its stake in MAA Takaful Bhd to focus on acquiring new businesses and/or assets to enhance the group’s earnings profile, regulate its financial condition and address its Practice Note 17 (PN17) status.

“Relevant announcement(s) will be made by the company where required,” it added.

On June 30, 2016, MAA completed the disposal of its entire 75% stake in MAA Takaful to Zurich Insurance Co Ltd for RM393.75 million.

However, the actual disposal proceeds arising from the disposal amounted to RM364.4 million, or RM29.35 million less, due to certain downward adjustments in accordance with the terms and conditions of the share purchase agreement dated May 4, 2016.

As at April 3 this year, MAA said it had yet to fully utilise RM233.88 million of the disposal proceeds. Apart from the RM28 million for the potential investment in the Russian oil producer, it had proposed to retain RM40.25 million for future investment opportunities and RM30.85 million for working capital requirements, including staff costs, office rentals and other payables.

MAA had also proposed to pay RM32.82 million as dividends for its shareholders for financial year 2018 (FY18) and FY19, after having issued RM8.21 million in dividends for FY17.

The company triggered the PN17 status on Sept 30, 2011 when it had completed the sale of its main insurance business.

MAA shares closed unchanged at 68 sen per share yesterday, bringing it a market capitalisation of RM184.99 million.

Source: The Edge

http://www.theedgemarkets.com/article/m ... l-producer
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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