That is what a lot of people holding now hope to believe, but I don't, I believe investors should pressured MBSB management to act for better performance, believing they will do their job while they're not is not working for investors...except for alen....this management is really trash.
You are missing the whole point, is not the price I am complaining, at this price is a steal...the problem is will it grow? Buying purely for its cheapness is pointless, management must grow its value. Look at some of the investors here holding it for years, what do they get besides some dividends? Devaluation of share price...
This is a bank shares, not ah long company, the management must understand the importance of maintaining stability on their share price and knowing how to act defensively when encountering a sell down for such a prolong period....why support and throw good money to this kind of management and support them?
Excellent management, telling investors that final dividend will be declared after MIDF acquisition and then after qtr results telling investors that interim already paid 8.5sen and therefore no dividend this time. This is the type of management Alan here promote....go google and understand how management affect share price lah, if trading at 50% discount wasn't attributes to management, what is?....goons.
At 72.5sen I think it is still worth while to hold, ask super long term holder like Alan and he will happily tell you that he hold for years, lost money when the counter is selling at 0.5 PB and still think the management is super good when is just mediocre. He ought to get his head check..
When new shares were listed so the revenue, cash and profit of MIDF will also be included in MBSB financials, don't think of new shares diluting the profits, might increase the profits and even lead to higher dividends. Wait for the next qtr report....
Expect the acquisition of MIDF to be completed by 1st July and announcement of post merger dividend, I am really keen to see how market is going to drive the price of MBSB and what is the co-relations of the new issue price of 96sen, something interesting could be developing there.
Even incompetent brunch will have its day, the market has spoken, and from 5 -6 years ago till now, look at what the price of MBSB then and now, what value except disappointment have MBSB bring for their loyal supporters?
At this juncture, trade MBSB on facts and not sentiments. 1. Before acquisition of MIDF MBSB is already trading at PB of 0.5 (or lesser), the most discounted bank in Malaysia, so based on this fact, it has limited down side but huge upside potential. 2. After acquisition of MIDF, earnings increases, revenue increases, based on this facts, the price if continue trading at this level means it is probably 0.3 PB value which to me is senseless to remain at the this price level, it is only a matter of time the market wisdom will sets in to move the price higher as the quarter progress. 3. MBSB already said there is another post merger dividend, when this is finalize and announce, you think you can get MBSB at 65sen? 4. If banks in Malaysia continue its fine run, there is even the possibility of another interim dividend. 5. MBSB is emerging as the biggest or 2nd biggest Islamic bank in Malaysia. 6. High possibility of adding MBSB as an KLCI Index stock in the very near future. To me, this is the best time to invest in MBSB, not for short term punting but as a mid term investment.
MBSB was trading at 0.5 PB which is insane in my opinion, but that's the market wisdom...but now with MIDF revenue and profit taking into considerations, even if it is still traded and value at 0.5 PB, the price would have to be higher, cannot be 63sen anymore....u see my point?
DIVIDEND As at the date of the SPA: (a) MBSB had distributed the MBSB Pre-Completion Dividend in full on 17 April 2023 to its shareholders; and (b) MIDF had distributed the MIDF Pre-Completion Dividend in full on 31 March 2023 to its sole shareholder, the Vendor. Further, subject always to receipt of the approval from BNM, MBSB shall use its reasonable endeavours to declare a post-completion dividend whether as interim and/or final dividends within 12 months after PNB is registered as a shareholder of the Final Consideration Shares in the register of depositors of MBSB. To the extent all or any part of such Post-Completion Dividend approved by BNM not being declared and distributed within such period specified above, MBSB shall use its reasonable endeavours to declare and distribute such undistributed amount of Post-Completion Dividend approved by BNM in due course whether as interim and/or final dividends. For the avoidance of doubt, MBSB may take into account the working capital requirements, applicable legal requirements or restrictions in declaring the Post-Completion Dividend referred to above.
Possible, because after the acquisition the PE, PB, revenue all will changed and very possible to have a re-rating. Fair value will surely go up....besides can collect final dividend....very good news for MBSB in the coming weeks.
Key point of the notification is there will be a final dividend declare by the end of this acquisition in the coming weeks, therefore it is now clear why they have declared the last dividend as interim dividend and not the final. Congrats to those holding this counter, Monday it will rise a few notches I guess...
KLCI has been dropping since mid April in tandem with the ringgit, it has dropped beyond Mar 2023 low of 1391, currently at this support level, any major drop beyond this point will be very ugly, somehow, either gov or monitory authority should be stepping out to stable the market, but too bad all still sleeping and see the nation suffer.
US and the world markets are now in a precarious situation, recession in those parts of the world is imminent, how much will it affect Malaysia is unknown, do not be overly optimistic, save your bullets and keep whatever you already had, chasing up the market is extremely dangerous now.
I have to say that I cannot fully agree with those whom said that this dividend of 8.5sen will be the dividend for FY2022, if indeed it is for year 2022 they would have just say it and not name it as interim dividend, would you agree? You may then say 8.5sen already surpassed the full year profit of Y2022, where else comes the money for any more dividend? Don't forget MBSB has a net tangible asset of RM1.25 per shares, I suspect many of those assets are not generating profits and they could have been use for decapitalization, in other words, they could have plan to sell it and return to share investors as a form of dividend. I may be always criticising MBSB management, I am not whining but to remind them of their responsibilities to the investors, I believe some of this criticism in this forum will reached MBSB management and they reacted on those concerned. I am glad they announce this dividend payout to arrest the fall in share price recently, for this I applaud their effort and I hope they will continue to announce more good news in the near term, especially on the merger and acquisition of MIDF.
Yes, MBSB Management is very sneaky in a bad way, despite a qtr of good results, investors continue to lose money over its share price, and still no sound no action from Management. For any other company, they would have come out to defend their share price, but looking at them behaving this way is indeed worrying and looking like it is a ticking time bomb
with FY earnings of 6+ sen and not declare dividend is unacceptable, as I often said, the current management is not working towards investors but their own benefits. When is AGM? All must go there bang table and demand a reason and explanation why?
MBSB is grossly undervalued, let's just pick a stock like say Sunway, market cap at almost double and price at RM1.62, and it qtr profit is even lower then MBSB and yet people buying into it.....to me it is really strange why MBSB would stay in this price
What value have they bring to the investors? No capital price appreciation, poor return of dividend...nothing. If that's the case, must well close shop and sell all assets, at least investors will take back RM1.20/share
Just 1 deal to make on MIDF takes 6 months and then another 6 months extension for negotiation just prove that Management is useless, more ever now is the deadline on announcement still no sound no picture. This Management team is a joke to their investors.
yes, very disappointed indeed especially for long term supporters whom are not even rewarded after all this years of giving their support to MBSB. I see this as a results of poor management, I have in the past dealt with some top management level people over some businesses and I was surprised with the people in that level with very poor business sense, they are marely there to take salary without much contribution to the company. The company have no problem, it is the people managing MBSB that ought to be sacked for not making returns for investors despite taking huge salaries and bonuses.
What is the point for it to be listed if share price is so low? Might as well dispose all assets and return money to investor as in that way they can get back more than RM1.00 for every share they owned. Pity those hold this counter for the last 5 years....still seeing their money stuck there
If full year earnings is projected to be about 7sens, I would expect at least 4sen to be given and the rest for reinvestment or use it as shares buy back to prop up the share price....price should be trading at least 90sen to RM1.00 with NAPS at RM1.20 if assets rise next year...the NAPS would have gone up to about RM1.30 or more
The macro economy will of course lift the share price nevertheless, but the fact remains that this counter is behind all other financials and trading way below it's NAPS, is the management going to be sleeping on this? Change or simple fired the useless appointment holders to save cost since things are more or less on auto pilot
Like I always reiterated, the under expected 3Q earnings results is directly tie to the poor management performance, the ROE is the worst of all banks, why are cost so high? Too many useless depts and high ranking management staffs?