Situation:
1. Italian Generali Group sell the 49% to MPHBCAP.
2. MPHBCAP sell the remaining 21% share to Generali Group.
Situation 2 unlikely happen as Bank Negara will block it again with no reason given again.
So, situation 1 will likely happen.
But how MPHBCAP able to fund the purchase as the company cash flow will stuck with this huge re-purchase share.
So, MPHBCAP need to find a strategic way e.g. find a partner to eat the 49% shares, or sell the 49% to another Insurance company.
No matter how, MPHBCAP will not able to "telan" back the 49%, boss need to find a way! Boss will not "telan" it as he don't like Insurance business, that is what I think about him.
What will Generali do with its stake in MPHB’s insurance subsidiary MPI?
https://www.theedgemarkets.com/article/what-will-generali-do-its-stake-mphbs-insurance-subsidiary-mpi
Again, I will still continue buy MPHBCAP as I think at price 1.12 now is still a price mismatch to the real value of the company.
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