Today, i heard from bizfm 89.9 and published on http://www.thestar.com.my/ that CEO of MEGB intends to raise his stake, anyway, this is in line with what of my expectation as i had noted this yesterday when the Bursa announcement about intention in deal the shares was made. Now, the show is just between CEO vs Fidelity & Small Cap. But the financial Fidelity & Small Cap is surely stronger than CEO. Meanwhile, i should just sit aside and watch only.
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Published on http://www.thestar.com.my/ Friday February 18, 2011 By LEONG HUNG YEE
Title : Masterskill CEO may raise his stake in company
KUALA LUMPUR: Masterskill Education Group Bhd group chief executive officer Datuk Seri Edmund Santhara is considering to up his stake in the group.
In a filing with Bursa Malaysia on Wednesday, the education-based Masterskill said Edmund, who owns some 90.6 million shares, or 22.1% stake in the company had announced his intention to deal in his securities in Masterskill.
“(I'm) looking at purchasing at this price,” Edmund said when contacted by StarBiz yesterday.
However, he said he could only buy the shares today as per Bursa Malaysia rules.
“Well, I need to wait and see. Perhaps, anything below RM2 doesn't justify keeping the company listed,” Edmund said when asked on the amount of shares he intended to purchase.
Last December, he told StarBiz that the share price then of RM2.22 was not “justifiable” for a firm that made about RM100mil in net profit annually.
He said that the company was fundamentally sound and that its Kuching campus was already in operation.
“The current share price weakness presents a great buying opportunity for Edmund to accumulate its shares,” an analyst said, adding that Edmund's move to purchase more shares may be a practical thing to do.
The analyst said most companies undertake share buybacks if they believe their shares are undervalued, or to send a signal of confidence in the company.
Masterskill, which raised RM771.3mil from its initial public offer (IPO) in May 2010, has succumbed to selling pressure yesterday.
The counter fell to a record low since its listing after Fidelity Management and Research (FMR) LLC, the parent of Fidelity Investment, sold 280,000 shares in the former.
The counter fell 8 sen, or 4.32%, to RM1.77, its lowest since its listing on May 18, 2010.
However, Edmund remains unperturbed by the divestment by FMR.
“It's a simple portfolio investment, so it's normal. The company fundamentals remain strong,” he said.
Edmund was confident its share price would stabilise soon. “As the company is good, the price will soon stabilise after the seller is gone, mainly Fidelity Investments,” he said.
FMR, one of Masterskill's substantial shareholders, has been trimming its stake in the education group since October. Following the disposal of 280,000 shares, FMR held a direct stake of 20.6 million shares, or 5.02% in Masterskill.
Dealers attributed the price slide the stock has fallen some 30 sen from its one-month high of RM2.34 on Jan 13 mainly to the recent selling pressure. However, they believed the selling might not be done as yet.
As at Sept 30, the nursing and allied health sciences education provider has 17,613 students. It posted a net profit of RM26.2mil for the third quarter ended Sept 30 on revenue of RM80.7mil.
The education group is due to announce its fourth quarter ending Dec 31, 2010 financial performance tentatively next Wednesday. Bloomberg's consensus estimates expect Masterskill to post RM104.6mil in net profit for the full financial year ended Dec 31, 2010.
Friday, February 18, 2011
Thursday, February 17, 2011
Masterskill fell to lowest 1.80 today.
Masterskill fell to its lowest of RM1.80 in afternoon today 16 Feb 2011, and daily volume today increased to 5.448 million shares from 1.595 million a day before. MEGB was not surprisingly under selling presure in today trading, in view of Small cap & Fidelity's recent disposal.
KUALA LUMPUR: Shares of education services provider Masterskill Education Group Bhd fell to its lowest in late afternoon trade on Wednesday, Feb 16 to RM1.83.
At 2.40pm, it was down 13 sen to RM1.83 with 3.73 million shares done.
The FBM KLCI fell 2.68 points to 1,5022.65. Turnover was 1.10 billion shares valued at RM1.02 billion. There were 275 gainers, 468 losers and 260 stocks unchanged.
The company announced on Monday, that FMR LLC & FIL Ltd disposed of 350,000 shares on Feb 7 and 8 and reduced its stake to 5.09% or 20.87 million shares.
Meanwhile, Masterskill announced on Wednesday that its executive director and group chief executive officer Datuk Seri Santhara Kumar A/L Ramanaidu, who owns 22.1% stake, intends to deal in the shares during closed period.
As at 9 Feb 2011, Fidelity's shareholding is 5.02% or 20.6 million shares (as announced on Bursa Malaysia on 16 Feb 2011). During 10, 11, 14, and 16 Feb, I guess that Fidelity would had already disposed another 2 million shares at least, equavalent to 0.05%. if this is the case, Fidelity should be now no longer as a signficant shareholers. In conjuction with this, Datuk Seri Santhara Kumar A/L Ramanaidu, Group CEO, indicates his intention to deal in the share of MEGB (as per today's announcement), he is likely to go for buy intention rather than sell intention, more likely he would has to buy when Fidelity selling the balance of its stake. Conversely, if CEO is to sell off its existing shareholding of 22.1%, MEGB will be collasped seriously, but I don't believe this is the case.
Whether this is the time to go in for more, I remain coutious in buying more, but i will hold it and see what is really happening. I will only go in when it appears to me that Fidelity has fully disposal off, and I estimate that would be sometime around mid March 2011. Hopefully, CEO has enough fund to maintain the price while selling by foriegn equity fund shareholder.
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Published on http://www.theedgedaily.com/
Wednesday, 16 February 2011 14:59 Wednesday, 16 February 2011 14:59
Title : Masterskill falls to lowest since listing
Written by Joseph Chin of theedgemalaysia.com
At 2.40pm, it was down 13 sen to RM1.83 with 3.73 million shares done.
The FBM KLCI fell 2.68 points to 1,5022.65. Turnover was 1.10 billion shares valued at RM1.02 billion. There were 275 gainers, 468 losers and 260 stocks unchanged.
The company announced on Monday, that FMR LLC & FIL Ltd disposed of 350,000 shares on Feb 7 and 8 and reduced its stake to 5.09% or 20.87 million shares.
Meanwhile, Masterskill announced on Wednesday that its executive director and group chief executive officer Datuk Seri Santhara Kumar A/L Ramanaidu, who owns 22.1% stake, intends to deal in the shares during closed period.
Monday, February 14, 2011
Portfolio Performance @ 11 Feb 2011
The portfolio performance for the week ended 11 Feb 2011:
Affin Investment Bank's head of retail research, Dr Nazri Khan, said this would be in line with a weaker regional sentiment in anticipation of fiscal tightening in Asian markets following China's rate hike.
He said there were signs that fund managers would be using the excuse to take profits after the Chinese New Year season following the 19 per cent stellar gain made by FBM KLCI last year.
"Despite the anticipated regional interest rate hike and volatile capital flow, we believe any correction is healthy as there are positive indicators to sustain the local market," he said.
Any concern on capital flow reversal would be misplaced, he said, as the outflow would only reflect temporary portfolio reallocation following higher speed of inflation in Asia as compared to the US and Europe.
Dr Nazri listed five factors that would support the market. Two of which were the ringgit's strong performance to a 13-year high and the steady price of crude palm oil to almost a three-year high.
Besides that, he said, the Egypt crisis remained isolated.
The other factors were the solid decline in global oil prices and the strong market recovery in the US and Europe to sustain risk appetite higher.
"We also believe that the current local market dividend yield of 3.5 per cent should remain attractive as it is currently above the regional average," he said.
Overall, according to Dr Nazri, the plantation sector would be the favourite.
This week, the market made a positive start on Monday after the Chinese New Year holiday, led by gains in plantation-related counters amid strong crude palm oil prices.
However, it retreated into negative territory on Wednesday with losses in bluechips as sentiment turned cautious amid news of China's latest rate hike.
On Thursday, FBM KLCI lost 30.08 points to 1,503.99, its lowest level since Dec 21 last year in line with declines in regional Asian markets.
On Friday, FBM KLCI retreated below the psychological 1,500 level as sentiment remained cautious amid prevailing weaknesses in regional markets due to rising tension in Egypt.
On a weekly basis, FBM KLCI declined 37.3 points to 1,494.52 from 1,531.82.
The Emas Index decreased 217.51 to 10,352.81 from 10,570.32 and the FBM70 Index slipped 152.29 points to 11,202.67 from 11,354.96, but the FBM Ace Index gained 91.87 points to 4,506.16 from 4,414.29.
The Finance Index lost 452.03 points to 13,519.11 from 13,971.14, the industrial Index declined 44.41 points to 2,835.89 from 2,880.3 and the Plantation Index declined 148.01 points to 7,809.49 from 7,957.5.
The total weekly volume increased to 12.51 billiion shares worth RM13.55 billion from the 2.95 billion shares valued at RM3.78 billion recorded during the holiday-shortened week last week.
The Main Market turnover increased to 9.99 billion shares valued at RM13.08 billion from 2.60 billion shares worth RM3.72 billion.
Turnover on the ACE Market increased to 1.582 billion shares worth RM235.71 million from 151.33 million shares worth RM19.11 million.
Warrants increased to 845.51 million units worth RM213.92 million from 185.85 million units worth RM44.90 million. -- Bernama
KLSE outlook next probably can referred to what was published on http://www.btimes.com/ on 12 Feb 2011 below:
Title : KL bourse set to consolidate further
The local bourse is expected to consolidate further next week with the FTSE Bursa Malaysia KLCI (FBM KLCI) moving within 1,480 and 1,500.
Affin Investment Bank's head of retail research, Dr Nazri Khan, said this would be in line with a weaker regional sentiment in anticipation of fiscal tightening in Asian markets following China's rate hike.
He said there were signs that fund managers would be using the excuse to take profits after the Chinese New Year season following the 19 per cent stellar gain made by FBM KLCI last year.
"Despite the anticipated regional interest rate hike and volatile capital flow, we believe any correction is healthy as there are positive indicators to sustain the local market," he said.
Dr Nazri listed five factors that would support the market. Two of which were the ringgit's strong performance to a 13-year high and the steady price of crude palm oil to almost a three-year high.
Besides that, he said, the Egypt crisis remained isolated.
The other factors were the solid decline in global oil prices and the strong market recovery in the US and Europe to sustain risk appetite higher.
"We also believe that the current local market dividend yield of 3.5 per cent should remain attractive as it is currently above the regional average," he said.
Overall, according to Dr Nazri, the plantation sector would be the favourite.
This week, the market made a positive start on Monday after the Chinese New Year holiday, led by gains in plantation-related counters amid strong crude palm oil prices.
However, it retreated into negative territory on Wednesday with losses in bluechips as sentiment turned cautious amid news of China's latest rate hike.
On Thursday, FBM KLCI lost 30.08 points to 1,503.99, its lowest level since Dec 21 last year in line with declines in regional Asian markets.
On Friday, FBM KLCI retreated below the psychological 1,500 level as sentiment remained cautious amid prevailing weaknesses in regional markets due to rising tension in Egypt.
On a weekly basis, FBM KLCI declined 37.3 points to 1,494.52 from 1,531.82.
The Emas Index decreased 217.51 to 10,352.81 from 10,570.32 and the FBM70 Index slipped 152.29 points to 11,202.67 from 11,354.96, but the FBM Ace Index gained 91.87 points to 4,506.16 from 4,414.29.
The Finance Index lost 452.03 points to 13,519.11 from 13,971.14, the industrial Index declined 44.41 points to 2,835.89 from 2,880.3 and the Plantation Index declined 148.01 points to 7,809.49 from 7,957.5.
The total weekly volume increased to 12.51 billiion shares worth RM13.55 billion from the 2.95 billion shares valued at RM3.78 billion recorded during the holiday-shortened week last week.
The Main Market turnover increased to 9.99 billion shares valued at RM13.08 billion from 2.60 billion shares worth RM3.72 billion.
Turnover on the ACE Market increased to 1.582 billion shares worth RM235.71 million from 151.33 million shares worth RM19.11 million.
Warrants increased to 845.51 million units worth RM213.92 million from 185.85 million units worth RM44.90 million. -- Bernama
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