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bystander1965 Supreme	24-Mar-2022 18:13        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	That's why I will KISS. Just stay w mnact and convert when the merger happens. No merger also no problem for me. Just continue to get my 7+% dividend. LongXia      ( Date: 24-Mar-2022 17:50) Posted: Yes you are right... I was talking about the more definite payout of FY dpu which should be around 3.5 cents and the current price reflects that ($1.194 +$0.035 = $1.23). The cleanup gain is subjective but for discussion sake, we can take the lower end of 2 cents which will end up about total pre-delist payout of $0.055.  which brings to my next point... if you are selling MNACT now and buy into MCT now, you have to be careful with your sum, if you wish to stay vested in the MCTscheme. If you sell MNACT and take profits and quit totally then it' s a different matter. because when you sell. MNACT, to go long on MCT, you are actually forgoing $0.055 predelist gains, meaning you are actually selling MNACT at below scheme offer price of $1.1949. And 5.5 cents gain could give you a 3 cents discount on MCT, or put it another way, if you sell today at $1.22, you may think you actually gain 2.5 cents over scheme offer price of $1.195. But that 2.5 cents gain after deducting brokerage fees can buy you only the most 1.1   cent of MCT. ( I m taking 10,000 shares as the base) So, the best is to hope that MCT will appreciate greatly in value, on paper at least. But then again if it' s is going to aprreaciate greatly in value, say to $2.10/$2.20, you might as well don' t sell that MNACT shares in the first place and buy into MCT, waste paying brokerage fees on both sides, and missing   the pre delist payouts...... headache... bystander1965      ( Date: 24-Mar-2022 14:31) Posted: ~3.5 is for sep21 to mar22. There will be clean up from Apr to Aug prior to delist
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LongXia Veteran	24-Mar-2022 17:50        LongXia About Contact  Quote this Post!   Yells: "BBs never say why when they buy, never tell when they sell!!"
x 0   x 0  Alert Admin	Yes you are right... I was talking about the more definite payout of FY dpu which should be around 3.5 cents and the current price reflects that ($1.194 +$0.035 = $1.23). The cleanup gain is subjective but for discussion sake, we can take the lower end of 2 cents which will end up about total pre-delist payout of $0.055.  which brings to my next point... if you are selling MNACT now and buy into MCT now, you have to be careful with your sum, if you wish to stay vested in the MCTscheme. If you sell MNACT and take profits and quit totally then it' s a different matter. because when you sell. MNACT, to go long on MCT, you are actually forgoing $0.055 predelist gains, meaning you are actually selling MNACT at below scheme offer price of $1.1949. And 5.5 cents gain could give you a 3 cents discount on MCT, or put it another way, if you sell today at $1.22, you may think you actually gain 2.5 cents over scheme offer price of $1.195. But that 2.5 cents gain after deducting brokerage fees can buy you only the most 1.1   cent of MCT. ( I m taking 10,000 shares as the base) So, the best is to hope that MCT will appreciate greatly in value, on paper at least. But then again if it' s is going to aprreaciate greatly in value, say to $2.10/$2.20, you might as well don' t sell that MNACT shares in the first place and buy into MCT, waste paying brokerage fees on both sides, and missing   the pre delist payouts...... headache... bystander1965      ( Date: 24-Mar-2022 14:31) Posted: ~3.5 is for sep21 to mar22. There will be clean up from Apr to Aug prior to delist. LongXia      ( Date: 24-Mar-2022 14:09) Posted: To be exact, you' ll have one more round of dpu, about 3.5 before delist.   The current price reflects that. as I said in an other forum, this all cash option move really outsmarts the activists. It now looks more like a takeover than a merger scheme, No body will new sell below $1.195. If Activitists try to short it down, MI will gladly makan them all without triggering any general offer. If the activitists try to push up the price to make it looks not worthwhile for retailers to take up the offer., MI cronies and proxies will gladly sell it to them, and when MCT prices move up higher than the $2.0009 price scheme offer, it will attract many to take up the all scrips option instead.   Brilliant.
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InvestNewBie Member	24-Mar-2022 14:59        InvestNewBie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi chengwh1 and bystander1965, thanks very much for both your inputs! Much appreciated! 😃 🙏 bystander1965      ( Date: 24-Mar-2022 13:23) Posted: They did another valuation in Oct right before the merger talk lor. Very suspicious. The NAV ended up as 1.1949. chengwh1      ( Date: 24-Mar-2022 13:14) Posted: One more thing - MNACT has been carrying an NAV of $1.2250 and $1.2650 for many mths as far back as my records can tell. Why is the full cash value ONLY at $1.1949 ?
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PhillipTan Supreme	24-Mar-2022 14:39        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Interesting thing to ponder Will it be just a purely div payout or another DRP? Hahaha...   LongXia      ( Date: 24-Mar-2022 14:09) Posted: To be exact, you' ll have one more round of dpu, about 3.5 before delist.   The current price reflects that. as I said in an other forum, this all cash option move really outsmarts the activists. It now looks more like a takeover than a merger scheme, No body will new sell below $1.195. If Activitists try to short it down, MI will gladly makan them all without triggering any general offer. If the activitists try to push up the price to make it looks not worthwhile for retailers to take up the offer., MI cronies and proxies will gladly sell it to them, and when MCT prices move up higher than the $2.0009 price scheme offer, it will attract many to take up the all scrips option instead.   Brilliant.
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bystander1965 Supreme	24-Mar-2022 14:31        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	~3.5 is for sep21 to mar22. There will be clean up from Apr to Aug prior to delist. LongXia      ( Date: 24-Mar-2022 14:09) Posted: To be exact, you' ll have one more round of dpu, about 3.5 before delist.   The current price reflects that. as I said in an other forum, this all cash option move really outsmarts the activists. It now looks more like a takeover than a merger scheme, No body will new sell below $1.195. If Activitists try to short it down, MI will gladly makan them all without triggering any general offer. If the activitists try to push up the price to make it looks not worthwhile for retailers to take up the offer., MI cronies and proxies will gladly sell it to them, and when MCT prices move up higher than the $2.0009 price scheme offer, it will attract many to take up the all scrips option instead.   Brilliant.
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LongXia Veteran	24-Mar-2022 14:09        LongXia About Contact  Quote this Post!   Yells: "BBs never say why when they buy, never tell when they sell!!"
x 0   x 0  Alert Admin	To be exact, you' ll have one more round of dpu, about 3.5 before delist.   The current price reflects that. as I said in an other forum, this all cash option move really outsmarts the activists. It now looks more like a takeover than a merger scheme, No body will new sell below $1.195. If Activitists try to short it down, MI will gladly makan them all without triggering any general offer. If the activitists try to push up the price to make it looks not worthwhile for retailers to take up the offer., MI cronies and proxies will gladly sell it to them, and when MCT prices move up higher than the $2.0009 price scheme offer, it will attract many to take up the all scrips option instead.   Brilliant.
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bystander1965 Supreme	24-Mar-2022 13:51        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Sorry should 5cish not 6 bystander1965      ( Date: 24-Mar-2022 13:28) Posted: Oh just checked again. Think the delist date has been pushed to end August instead of June. That means 5 months worth of clean up dividend. That would be another 2+c. So total 6c-ish instead of 4-5c. chengwh1      ( Date: 24-Mar-2022 13:10) Posted: You are right - I forgot abt the Clean-Up dividend. If we look at the new Timeline of Schedule, the Effective Date of Trust Scheme is at end-August 2022. End-August is 2/3 of that quarter, hence,.. perhaps,.. another 1.1 cts ? ( 1.100 + (a minimum of 3.299c) ) shld earn us another 4.399c. And $0.04399 + $1.19490 = $1.24 to be earned into the pocket if we keep till this scheme is completed.
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bystander1965 Supreme	24-Mar-2022 13:28        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Oh just checked again. Think the delist date has been pushed to end August instead of June. That means 5 months worth of clean up dividend. That would be another 2+c. So total 6c-ish instead of 4-5c. chengwh1      ( Date: 24-Mar-2022 13:10) Posted: You are right - I forgot abt the Clean-Up dividend. If we look at the new Timeline of Schedule, the Effective Date of Trust Scheme is at end-August 2022. End-August is 2/3 of that quarter, hence,.. perhaps,.. another 1.1 cts ? ( 1.100 + (a minimum of 3.299c) ) shld earn us another 4.399c. And $0.04399 + $1.19490 = $1.24 to be earned into the pocket if we keep till this scheme is completed.
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bystander1965 Supreme	24-Mar-2022 13:23        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	They did another valuation in Oct right before the merger talk lor. Very suspicious. The NAV ended up as 1.1949. chengwh1      ( Date: 24-Mar-2022 13:14) Posted: One more thing - MNACT has been carrying an NAV of $1.2250 and $1.2650 for many mths as far back as my records can tell. Why is the full cash value ONLY at $1.1949 ?
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chengwh1 Elite	24-Mar-2022 13:14        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	One more thing - MNACT has been carrying an NAV of $1.2250 and $1.2650 for many mths as far back as my records can tell. Why is the full cash value ONLY at $1.1949 ?
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chengwh1 Elite	24-Mar-2022 13:10        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are right - I forgot abt the Clean-Up dividend. If we look at the new Timeline of Schedule, the Effective Date of Trust Scheme is at end-August 2022. End-August is 2/3 of that quarter, hence,.. perhaps,.. another 1.1 cts ? ( 1.100 + (a minimum of 3.299c) ) shld earn us another 4.399c. And $0.04399 + $1.19490 = $1.24 to be earned into the pocket if we keep till this scheme is completed.
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bystander1965 Supreme	24-Mar-2022 12:44        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	BTW my view is for the long term investment. For short trading, it is different. bystander1965      ( Date: 24-Mar-2022 12:40) Posted: IMHO, 1.1949 for MNACT is unfair. Like what others are saying, China will recover so will MNACT. If the merger fails, personally I don' t see any loss. MNACT on its own can continue the journey. As shared earlier, I expect about 3c-ish for the half-yearly dividend coupled with 1 quarter worth of clean up dividend come jun/jul (~1+c-ish). So there is a 4-5c dividend coming before the merger. That would have made MNACT today, 1.2349 - 1.2449. I don' t think MNACT will distribute any special dividend. If they do, MCT will likely cut their offer price. That was already stated in the announcement. Anyway, that would be irresponsible of MNACT. (unless it comes from the manager' s pocket. Haha). So the big question is will it go through? My gut feeling is yes, especially now the biggest and significant objector Quarz is happy, for whatever reason (I find the reason of the 1.1949 cash offer as odd)   InvestNewBie      ( Date: 24-Mar-2022 11:10) Posted: Hi all, I am holding some MNAC shares. I am not sure if to sell now at $1.22-$1.23 or hold till the merger complete. Is it true that nothing is finalised at this point and that there's still a chance that the merger may not materialise? Hi Xenon672, As shared in ur earlier post, other than the cash offer, there would be dividend payout. There may also be other payout that values the MNAC share to $1.24 or even higher at $1.29 (dividend/cash payout all in). Wish to know how $1.29 is being derived? Is this possible upside the reason why pp are still willing to buy at $1.23 (much above the offered $1.1949) Inputs from all others will be much appreciated too. Many thanks
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bystander1965 Supreme	24-Mar-2022 12:40        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	IMHO, 1.1949 for MNACT is unfair. Like what others are saying, China will recover so will MNACT. If the merger fails, personally I don' t see any loss. MNACT on its own can continue the journey. As shared earlier, I expect about 3c-ish for the half-yearly dividend coupled with 1 quarter worth of clean up dividend come jun/jul (~1+c-ish). So there is a 4-5c dividend coming before the merger. That would have made MNACT today, 1.2349 - 1.2449. I don' t think MNACT will distribute any special dividend. If they do, MCT will likely cut their offer price. That was already stated in the announcement. Anyway, that would be irresponsible of MNACT. (unless it comes from the manager' s pocket. Haha). So the big question is will it go through? My gut feeling is yes, especially now the biggest and significant objector Quarz is happy, for whatever reason (I find the reason of the 1.1949 cash offer as odd)   InvestNewBie      ( Date: 24-Mar-2022 11:10) Posted: Hi all, I am holding some MNAC shares. I am not sure if to sell now at $1.22-$1.23 or hold till the merger complete. Is it true that nothing is finalised at this point and that there's still a chance that the merger may not materialise? Hi Xenon672, As shared in ur earlier post, other than the cash offer, there would be dividend payout. There may also be other payout that values the MNAC share to $1.24 or even higher at $1.29 (dividend/cash payout all in). Wish to know how $1.29 is being derived? Is this possible upside the reason why pp are still willing to buy at $1.23 (much above the offered $1.1949) Inputs from all others will be much appreciated too. Many thanks! xenon672      ( Date: 22-Mar-2022 01:28) Posted: Also the possible DIVIDEND of say a Conservative $0.04 to $0.05 as this has not been mentioned as subtracted from the offer price so , holders can get a safe $0.04 to $0.05....to maybe even a later cash "scrap of the bottom of the barrel" on delisting...so a value of $1.27 is possible. DYOD
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chengwh1 Elite	24-Mar-2022 12:23        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Till approval at the EGM,... nothing is finalised. This scheme of arrangement is not confirmed yet. There are still dissatisfactions on the ground abt the value accorded to MNACT - hence, MCT may offer a higher cash value than $.1.19XX. And finally,... China conditions will certainly improve in future, no doubt abt that. It' s just a matter of time here,... Holding MNACT, earning dpus at the same time while waiting for China to improve is not a bad deal (assuming the merger falls-through). Hence, buying-up MNACT today is still a viable move. And,... finally,... if the merger is implemented, then holding MPACT is even better based on the thing abt China in the above.
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InvestNewBie Member	24-Mar-2022 11:10        InvestNewBie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi all, I am holding some MNAC shares. I am not sure if to sell now at $1.22-$1.23 or hold till the merger complete. Is it true that nothing is finalised at this point and that there's still a chance that the merger may not materialise? Hi Xenon672, As shared in ur earlier post, other than the cash offer, there would be dividend payout. There may also be other payout that values the MNAC share to $1.24 or even higher at $1.29 (dividend/cash payout all in). Wish to know how $1.29 is being derived? Is this possible upside the reason why pp are still willing to buy at $1.23 (much above the offered $1.1949) Inputs from all others will be much appreciated too. Many thanks! xenon672      ( Date: 22-Mar-2022 01:28) Posted: Also the possible DIVIDEND of say a Conservative $0.04 to $0.05 as this has not been mentioned as subtracted from the offer price so , holders can get a safe $0.04 to $0.05....to maybe even a later cash "scrap of the bottom of the barrel" on delisting...so a value of $1.27 is possible. DYOD. xenon672      ( Date: 22-Mar-2022 01:21) Posted: It seems a look at the movements of MCT is necessary. It has still a lot of strength to move above $1.90..or even hover here, the MNAC shares can still be valued higher...above $1.23. Its no fluke...its that calculations based on the offer price /cash and the sentiments...AND still a long way to actual deal materialising...so, all things considered MNAC shares will be valued higher...so above $1.24 towards 1.29 even
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whereru Senior	24-Mar-2022 09:28        whereru About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you both, PhillipTan and bystander1965... Let's hope for the best in June 2022! bystander1965      ( Date: 24-Mar-2022 08:04) Posted: If one is to buy today from scratch, no doubt MCT looks better. But if MPACT price is not great when listed, then buying either, one will be losing $. Just less for MCT. (if you believe those who said any reits that has China assets will trade at a discount then MPACT' s projected NAV is 1.80. So is 1.9 for MCT is good today? However, MNACT traded > 1 NAV before so this assertion may not be right heck MNACT today trades at > 1 NAV already) If one is already holding MNACT and if the cost is low (like when it was trading at 1-ish or even in 80/90c), then what' s the point of selling MNACT to buy MCT now? There is no guaranty MPACT will be at 1.90 when listed (re China Reit NAV discount theory). So, depending on scenarios, staying put or switching might be better.  In the long run, I am confident all will be fine. By then, the difference if any will look small.   PhillipTan      ( Date: 24-Mar-2022 07:06) Posted: I think yes from my own calculations which may be wrong too Using a dividend payout estimation of 4-5 cents before the merger, MNAC should be worth around $1.17 after div payout and $1.22 before div payout For non MNAC and non MCT shareholders, if they were to buy MNAC shares at $1.17, they will only get around 21k shares to 25k shares in MPACT (using 50k funds and  depending on which option they choose if they didn' t choose full cash payout) If they were to buy around 25k shares in MCT using the same amount of money, MCT share price would have to be around $1.96 (from my understanding, MCT shares to MPACT will be a 1 for 1) Hence, any MCT shares below $1.96 should actually be a good buy?
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bystander1965 Supreme	24-Mar-2022 08:04        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	If one is to buy today from scratch, no doubt MCT looks better. But if MPACT price is not great when listed, then buying either, one will be losing $. Just less for MCT. (if you believe those who said any reits that has China assets will trade at a discount then MPACT' s projected NAV is 1.80. So is 1.9 for MCT is good today? However, MNACT traded > 1 NAV before so this assertion may not be right heck MNACT today trades at > 1 NAV already) If one is already holding MNACT and if the cost is low (like when it was trading at 1-ish or even in 80/90c), then what' s the point of selling MNACT to buy MCT now? There is no guaranty MPACT will be at 1.90 when listed (re China Reit NAV discount theory). So, depending on scenarios, staying put or switching might be better.  In the long run, I am confident all will be fine. By then, the difference if any will look small.   PhillipTan      ( Date: 24-Mar-2022 07:06) Posted: I think yes from my own calculations which may be wrong too Using a dividend payout estimation of 4-5 cents before the merger, MNAC should be worth around $1.17 after div payout and $1.22 before div payout For non MNAC and non MCT shareholders, if they were to buy MNAC shares at $1.17, they will only get around 21k shares to 25k shares in MPACT (using 50k funds and  depending on which option they choose if they didn' t choose full cash payout) If they were to buy around 25k shares in MCT using the same amount of money, MCT share price would have to be around $1.96 (from my understanding, MCT shares to MPACT will be a 1 for 1) Hence, any MCT shares below $1.96 should actually be a good buy?   whereru      ( Date: 23-Mar-2022 14:14) Posted: I just sold  mnact in market at 1.22 and buy mct at 1.88. Hoped this is a good decision! Any comments?
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PhillipTan Supreme	24-Mar-2022 07:06        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I think yes from my own calculations which may be wrong too Using a dividend payout estimation of 4-5 cents before the merger, MNAC should be worth around $1.17 after div payout and $1.22 before div payout For non MNAC and non MCT shareholders, if they were to buy MNAC shares at $1.17, they will only get around 21k shares to 25k shares in MPACT (using 50k funds and  depending on which option they choose if they didn' t choose full cash payout) If they were to buy around 25k shares in MCT using the same amount of money, MCT share price would have to be around $1.96 (from my understanding, MCT shares to MPACT will be a 1 for 1) Hence, any MCT shares below $1.96 should actually be a good buy?   whereru      ( Date: 23-Mar-2022 14:14) Posted: I just sold  mnact in market at 1.22 and buy mct at 1.88. Hoped this is a good decision! Any comments?
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whereru Senior	23-Mar-2022 14:14        whereru About Contact  Quote this Post!
x 0   x 0  Alert Admin	I just sold  mnact in market at 1.22 and buy mct at 1.88. Hoped this is a good decision! Any comments?
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bystander1965 Supreme	23-Mar-2022 08:31        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Before the burst up my inclination has been scrip+cash primarily because I want to get others. This may be a good time for me to reduce my holdings here. Since the run up I have not relooked at the calculation and it also depends on MCT price is at the end. But thinking out loud only. Most likely will stick to the old plan. It doesn't make much difference to me. If u add in the opportunity cost of other counters it gets even more complicated. So ... Just KISS.😂 whereru      ( Date: 23-Mar-2022 06:04) Posted: Please share which option you guys are choosing....
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