Yeah many short term player...

Yeah OR at a bargain...

IF you have nominee account, ask your broker to fill up for you... you cannot fill up yourself as you have shared CDS number..

Excess rights not necessary available, depending how much rights not exercised.

Usually very low chance.... but you can try apply..

The form will be couriered OR you can download whichever is faster for you

You can get the form from bursa announcement.

Fill up the form
Affix RM 10 hasil stamp
Include bank draft for the amount payable
Courier to addess

I hope the article did not get the shareholding mixed up..

Can the partnering change after the bid submit? Very funny if you ask me...

well we hope YTLP wins... as a replacement for the 2 gas fired plants.

thanks for the info leek, never knew got a stake in the coal fired plant...

Hope this can push the EC to award to the lowest bidder, which is the fair thing to do. Anyway YTLP operation of power plant even in SG should have any doubt on technical capability.

EC is under a lot of stress, on one hand ask to give to 1MDB other hand someone looking over his shoulders...

Fall more.. fall more... :D

drop more.. can buy cheaper... :)

sbb finish christmas leave liao..

zaurus.. read the link.. that CAR framework is updated june 2013...

Failure to maintain the CAR% ratio, you can lose your banking license.. so this is the most important ratio for any banks in the world...

For those interested to see BNM technical CAR% requirements can see from this link...

http://www.bnm.gov.my/guidelines/01_banking/01_capital_adequacy/gl_11_capital_adequacy_framework.pdf

With higher capital.. and a comfortable CAR%, MBSB can then apply for banking license AND increase loan distributed.

Current MBSB CAR% is below the required minimum 8% to be recognized as 'bank' by BNM. Other Malaysian banks have range of between 12%-15%

The $ raised from rights will not go anywhere, will just be deposit (earn interest) to increase capital and treated as Tier 1 capital...

Capital adequacy ratio is the ratio which determines the bank's capacity to meet the time liabilities and other risks such as credit risk, operational risk etc. In the most simple formulation, a bank's capital is the "cushion" for potential losses, and protects the bank's depositors and other lenders. Banking regulators in most countries define and monitor CAR to protect depositors, thereby maintaining confidence in the banking system.[1]

CAR is similar to leverage; in the most basic formulation, it is comparable to the inverse of debt-to-equity leverage formulations (although CAR uses equity over assets instead of debt-to-equity; since assets are by definition equal to debt plus equity, a transformation is required). Unlike traditional leverage, however, CAR recognizes that assets can have different levels of risk.

MBSB needs the $$$ to park at accounts and lower the CAR (Capital Adequacy Ratio), a requirement before it can even be considered for banking status by BNM.

good fundamentals..i am subscribing the OR and excess rights..

first day of trading only mah...

hahaha ya my mistake..

the mother is being pushed down so they can get the OR cheaper..

Tsk tsk a lot of people is doing valuation by pulling figures out of thier ass... there is too much if this if that... too much hoping, fantasy scenarios and not enough substance.

why no one think IF subsequent drills also fail how?

Q report soon today or tomorrow.. looks like the buying, lots of insider news?

If Santos drilling in east java, Indonesia.. I am familiar

They are not going for oil, but natural gas, the field here are mostly shallow <250 feet

Don't like it? Cut it out....

Oh and stop blaming others fro your losses, no one force you to buy with a gun to your head.

Your own greed filled heart made you do it.. blame it.

AlbertLim.. what what we say?

"SERVE YOU RIGHT FOR THE LOSSES AS YOU ARE MERELY FOLLOWING BLINDLY AND DID NOT DO THE DUE DILIGENCE YOURSELF"

Next time learn shift through all the information on the internet. ;)

33 years old.. head of drilling? In mat salleh company 50 years only can become drill manager.. AND he has NO experience drilling in middle east.. all in PNG, Indon and Aussie...

Apa ingat rental rig itu FOC ah? 1 rig kos beli sekitar 200-300 juta USD loh...

Everyboday also hope to strike lottery also mah.... or not all 4D outlets tutup already

Same with this counter... all hope kena 1st prize in oil...

But IF dont kena 1st prize.. how?

tewnama 100k USD x 3.3 = RM 330,000 per hari leh.. kira2 1 hari dapat 1 rumah kos sederhana...

I think the safest is to buy only when Oman give approval for second hole.

There is risk they will not allow 2nd hole unless hibiscus back up their technical team or secure proper equipment etc etc...cause blowout risk is very great. All these approval will take a long time...

Itu budget 100 juta untuk 2 lubang.. sekarang jadi 3 kerana 1 sudah fail. So rata2 50 juta per lubang DAN kalau delay terus tambah kos....

Ganasai, now depend how long Oman officials have to check to give approval for second hole...

Otherwise the Aban 7 rig is idling and cost 100k usd per day doing nothing....i think if the approval is long, the management will ask the rig to pack up and go....

katanya 2.. yang utara dan satu lagi di timur

Sudah hampir accident dekat lubang pertama, rasanya Oman akan check semua betu2 sebelum kasi korek lubang dua....

ok lah.. hanya 20% dari wang pemegang saham minoritas...saja mah... :)

masih ada 80% untuk dibakar. :D

eh where is that super confident flower power say want to buy all at 1.84 one?

Now is the time to show your conviction. :)

tewnama

Ya total balanja 100 juta termasuk geoworks, mapping, rental rig, gaji etc etc.. hangus...

Fortune wing.. drilling is suspended because of mud loss at carbonate, resulting in kick. Luckily the kick is able to be controlled, otherwise end up well blowout and destroy the rig like what happen to BP have to pay 10 bil in damages.

Really bad drilling reputation for hibiscus. Now see if Oman grant permission for 2nd well...

tomorrow cannot queue higher than 31 sens and second session 31.5 sen... cause already limit up. :P

Monday can lah...

Anyway tomorrow morning I will queue 1K lots at 31 sen to see if got any idiot sell to me. :D

on 27th the rights will hit limit up 31.5 sen, not much trading expected unless...

Mother falls 30 sens or some idiot start selling...

On Monday then we can only see how much the market price the rights. I expect it to be traded at 58-62 cents.

IF you manage to grab at 60 cents, you get 8 sen FOC for every share convert, that is 2.5% free money and only takes 1 week to convert. This is how stock arbitrage works. I also expect large holders to shore up the mother share when listed, to build confidence on OR price.

@bowman...you can choose to buy the rights at open market.

Rights is always have a small discount over mother, those that do not have capital to convert will sell and those with capital to convert will grab it at slight discount. This is how a free market works.

NKN1 rex did announce very late yesterday. REX is only shareholder, hibiscus is handling all the operations/drilling.

A drill failure like this will affect hibiscus reputation much more than rex.

I hope oman will not ban them from drilling a second well since thier first well almost resulted in well blowout.

Yeah 99% of all these tips are mostly trap... becareful what you hear and dont go in blindly...

Sorry cannot reveal the details.. otherwise guilty of insider trading.

Those who recieve the same sms will know the details, probally sent by sharks..dont know to help or trap you LOL

In fact the sms also ask to dump 2 SPAC and buy 1 SPAC.....

Sklyte.. maybe need to change broker de.

The price up is BEFORE they announce they gonna drill in oman.. another insider trading.

The sms is vey widespread.

Sklyte... just wondering. Did you recieve info from your remisier on hibi no oil info, just before thd selldown, around lunch?