MAXIS - Did not miss out on the fun on Maxis IPO listing
I didn’t waste my time or money trying to apply for Maxis IPO as i have heard stories of unsuccessful and unsatisfied applicants of the Maxis IPO.
I even heard one of my friends applying for 20000 shares of Maxis IPO but ended up with only 600 shares. That is why i didn’t even try to apply. Didn’t want my money to be stuck so long while waiting for them to ballot them.
Nonetheless, i did call my remisier one night before listing and tell her to purchase for me Maxis upon listing. Guess what, i got 1000 shares of Maxis at the price of RM 5.50
2 main reasons why i made the choice of investing in Maxis is very simple.
Maxis is a high dividend yield stock
Maxis has not disappoint as they are known for giving out high dividend. At least a minimum of 80% of their profit will be given out to their investors.
Blue chip counter
I am pretty sure that most of you will agree with me that Maxis is a blue chip stock with good track record and earnings. Maxis has a PE of around 16+ and it is a good indication that this counter still has plenty of upside.
Most of you will surely realize that i picked my stocks based on PE, good track record and solid future earnings company. Maxis falls into this category.
Now comes to the part where i always do best. Walk the talk which is showing the proof of my purchase on Maxis ^^ :-
Conclusion
Maxis is a medium to long term investment with many advantages compared to disadvantages. If Maxis does really goes south nothing to worry as it is a high dividend yield stock. Good luck and have fun.
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4 Responses to “MAXIS - Did not miss out on the fun on Maxis IPO listing”
By Henry Ho on Dec 20, 2009 | Reply
I believe i must be very lucky…as i was applying for 30000 shares of Maxis IPO & ended up with 30,000 shares. I will always try to apply for good quality share on IPO.No harm trying. I sold all MAXIS on listing day…Probably you could hv pickup one from my sale…
By Kampung Boy on Dec 20, 2009 | Reply
@ Henry Ho
Congratulations! Very lucky of you to get all 30000 shares that you applied! Ananda Krishnan does really love you i guess!
I would love to apply for 30000 shares if i could but I am only in my mid twenties. Don’t have that much cash to apply for 30000 shares! Hehe..
Most probably i got 1000 share from your 30000 shares Henry!
I will keep Maxis for further rise or wait for their dividend payout.
What others stocks do you invest in Henry? Mind sharing?
By rite_brain on Jun 10, 2010 | Reply
>I even heard one of my friends applying for >20000 shares of Maxis IPO but ended up with only >600 shares.
that’s bullshit..don’t believe ur so-call friend
check
http://www.mih.com.my/index.php?page=bs475p
if u apply 20000 & successful, u will get 20000 shares.