MAS (3786) ~ Share Swap with Airasia is Off

Finally it is confirmed that the share swap between MAS and AirAsia is off.

What will happen next?

The price is currently at 1.22 ~ back to the similar lowest price 1.23 since posted in AWong investment.

Did you make any profit last time? As mentioned in my previous post, in Jan 2012, MAS went up to 1.74 ~ that's 23% increased in less than 5 months [Click here for my previous post]

If not, you might need to consider this time. To me this is another share which is worth to consider as stated below:

MAS total share issued is 3,342,156,240.

Before 2008, the lowest price was approx. 2.10.

Khazanah Nasional Berhad

Nov 2007 - Khazanah hold approx. 69.34%
(say bought in at the lowest price of approx. 2.10 x 2,317,451,137 = RM4,866,647,387.70)

11 March 2010 -  Khazanah hold approx. 69.37%
(say bought in at the lowest price of approx. 1.90 x 1,002,647 = RM1,905,209.30)

9 Aug 2011 - Khazanah hold approx. 69.40%
(say bought in at the lowest price of approx. 1.55 x 1,002,647 = RM1,554,102.85)

11 Aug 2011 - Khazanah hold approx. 48.87% (Share swap with Tune Air Sdn. Bhd.)

10% of AirAsia ~ highest price approx. 3.55 and lowest price approx. 3.32.
AirAsia total share issued is 2,778,321,580
(say swap at the highest price of approx. 3.55 x 277,832,158 = RM986,304,160.90)
(say swap at the lowest price of approx. 3.32 x 277,832,158 = RM922,402,764.56)

Total paid by Khazanah = approx. RM4,870,106,699.85
Cash in for Airasia, assumed the lowest price = approx. (RM922,402,764.56)
Remainings = approx. RM3,947,703,935.29
Cost per share based on the holding of 48.87% = approx. RM2.417

Since now the share swap with AirAsia is off, the cost per share now based on the holding of 69.40% = approx. RM2.10

EPF

Before last so called "2008 recession" - July 2007 - MAS price is approx. 3.50 ~ EPF hold 11.39%
(say bought  in at the lowest price of approx. 2.10 x 380,671,596 = RM799,410,351.60)

March 2009 - MAS drop until approx. 2.00 ~ EPF hold 13%
(say bought  in at the lowest price of approx. 2.00 x 53,808,715 = RM107,617,430)

Feb 2010 - MAS drop further to approx. 1.80 ~ EPF hold 13.80%
(say bought  in at the lowest price of approx. 1.80 x 267,372,482 = RM481,270,467.60)

Dec 2011 - MAS drop until approx. 1.50 ~ EPF hold 9.06%
(say sold at the highest price of approx.  2.40 x 158,418,206 = RM380,203,694.40)

As of today - MAS drop until approx. 1.22 ~ EPF hold 9.10% 
(say bought  in at the lowest price of approx. 1.22 x 1,336,862 = RM1,630,971.64)

Remainings = RM1,009,725,526.44
Cost per share now based on the holding of 9.10% = approx. RM3.32

EPF transaction is difficult to trance as they buy and sell very often, thus say drop their cost per share to half = approx. RM1.66 

So what do you think??

Besides, MAS was valued at approx. RM1.60 during the share swap deal with AirAsia.

Again as mentioned in my previous post, One main point is MAS have stop paying out dividends since 2008. If you are not risk taker, you should consider put it in the bank for FD and get around 3% interest per annum.

Good luck in your investment!!! ^_*

For similar price, you might consider my previous posts:

• Gtronic (7022) & YTLPOWR (6742) ~ Dividends
• YTLPOWR (6742) ~ Back to Similar Price
• Puncak (6807) ~ Up 99% ~ Power of The Rich Guy