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Anybody can give comments on TA ?
Price have move up with reasonable high volume.rolleyes
20 May 2013, 09:32 PM

Today July 04 2013 the share move up to 70 sen by end of today after the price the last four days before news about 40 sen to shareholder after sell ta stockbroker firm.... Hope for the true...
04 Jul 2013, 04:10 PM
TA Enterprise heading for MGO?

PETALING JAYA: Datuk Tony Tiah, head honcho of the TA Group, has upped his stake in TA Enterprise Bhd, bringing him closer to the threshold that would trigger a mandatory takeover of his listed flagship.

His latest round of buying sparks anew talk that a corporate exercise is on the cards for TA Enterprise, whose unlisted stockbroking unit is often cited as a target of the big investment banks in town.

Stock exchange filings on Monday showed that Tiah, a high-flying stockbroker in the 1990s, acquired three million shares in TA Enterprise over three days at 73 sen and 76 sen via the open market, boosting his holdings to 29.73% from 28.46% on Jan 7.

Under Securities Commission regulations, any party whose interest pushes past 33% of a listed firm’s total share base must make a mandatory general offer for the rest of the shares it does not own.

The 66-year-old Tiah has been steadily increasing his stake since the start of the year, when TA Enterprise was trading at 50 sen.

Tiah’s insider buying hasn’t gone unnoticed. TA Enterprise climbed three sen to 77 sen on Monday on unusually heavy trade of 23.05 million shares.

And TA Enterprise wasn’t the only one to stir. Shares of Insas Bhd, which owns independent brokerage M&A Securities, jumped 18%, or 14 sen, to 78.5 sen the same day.

With a hefty 73.04 million shares done, it was Bursa Malaysia’s second most active counter on Monday.

TA Enterprise and Insas were seen as plays on the theme of consolidating brokerages, which might explain the sudden excitement in both stocks, dealers said.

TA Enterprise had earlier this year fended off speculation of merger talks involving TA Securities after an online report linked it to K&N Kenanga Holdings Bhd.

The company refuted this in a June 11 announcement to Bursa Malaysia, saying there was “no truth” in the article, and that it was “not in discussion with Kenanga for the disposal of its stockbroking arm”.

In the year-to-date, it was ranked No. 8 by trading value, with a market share of 6% and 4% in trading volume and value, respectively, ahead of several bank-backed brokerages.

Equity analysts from HwangDBS Vickers Research had speculated that TA Enterprise’s major shareholders could warm up to a cash offer of at least one times price-to-book or RM687mil for its broking and credit and lending business.

Based on calculations by StarBiz, the market value of its broking operations has appreciated markedly to RM343.26mil – which is the difference between TA Enterprise’s market capitalisation of RM1.32bil and its 63.4% interest in TA Global Bhd worth RM976.74mil – from only RM12mil as at end-June.

In the year to Jan 31, TA Enterprise’s broking, investment holding, and credit and lending segments made up 40% of group revenue and 28% of net profit.
06 Nov 2013, 10:23 AM

Iggy and 3 others like this company.
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