yunsking, extract of article from PublicInvest Research Headlines:
MBF: Major shareholder extends offer. In a bid to mop up all the remaining shares that he does not own in MBF Holdings, its major shareholder Tan Sri Dr Ninian Mogan Lourdenadin, who is taking the company private, has extended the takeover offer by another two weeks to April 3.
No wonder the price is going up!

when will all these exercises be over? still suspended for the repayment and consolidation.

Malaysia Building Society - Upbeat On New Products
FV 3.15,see below extract from kltrader | Publish date: Mon, 11 Mar 10:42
Extract from RHB Research, 11th March 2013
According to news reports, Malaysia Building Society (MBSB) says it has no immediate plans to apply to become a Development Financial Institution (DFI). This was in response to speculation that have fuelled a >10% surge in its share price over five market days last week. We maintain our forecasts and BUY call, with RM3.15 FV, but keep a keen eye on response to the bundling of MBSB’s new personal loan product, in which lies some upside potential, on top of our FY13/14 loans growth forecasts of 22%/17%..................

yunsking, thanks for the clarification. So, still waitung for the IAC from Affin.

Extension granted, read up the announcements:
The Company has today received the attached press notice from HLIB, on behalf of the Joint Offerors, informing the Company that the closing date and time for acceptance of the Offer has been extended from 5.00 p.m. (Malaysian time) on Wednesday, 20 March 2013 to 5.00 p.m. (Malaysian time) on Wednesday, 3 April 2013 (“Revised Closing Date”). Notice of the said extension will be posted to the holders of the Offer Shares, Offer Warrants and Offer RCSLS. Save for the Revised Closing Date, all other details, terms and condition of the Offer remain unchanged.

This announcement is dated 8 March 2013.

copying article from kltrader:

Tambun Indah Land - The Market Leader In Mainland Penang

Author: kltrader | Publish date: Wed, 6 Mar 23:01

We raise our fair value to RM1.08. We remain convinced that the upside potential for real estate values in the Penang mainland is substantial. Having >500 acres of landbank close to the Penang Second Bridge (PSB), Tambun Indah (TI) is expected to enjoy higher pricing for its products. This will translate to margin and RNAV expansion. In our view, management’s GDV guidance is conservative.

Premium Outlet coming to Batu Kawan. The Penang state government has recently announced its plans to set up a Premium Outlet next to the PSB interchange. Mirroring the spillover of the Johor Premium Outlet to Kulai/Senai areas, coupled with the completion of the PSB in Sep, we believe the development and value potential on the mainland will be substantial over the medium term. Located just 15 min away from the PSB, TI’s Pearl City township is set to be the prime beneficiary.

Expect RM450m sales in 2013. Pearl City continues to see strong sales. Sales generated from the Pearl City made up 47% of TI’s total sales in 2012. Going forward, TI will launch about RM550m GDV worth of projects, out of which, nearly RM440m comes from projects at Pearl City.

New plans for the business park. Although the MOU with the Straits International School has lapsed, this is not a concern, as there are already a few education players showing interests in setting up learning institutions in Pearl City. The plan for a retail mall with >500k sqf of GFA is on track. These developments will enhance the attractiveness of the township.

Forecasts. RM330m unbilled sales (up from RM263m) will underpin the near-term earnings growth. We fine-tune our FY13-14 forecasts by 4-6%.

Investment case. TI does not only have the angle of landbank catalysts and earnings growth, it also has an attractive dividend yield of >7%. After updating our RNAV, we now value TI at RM1.08, at lower 35% discount to RNAV, as the completion of the PSB will provide greater earnings visibility.

Source: RHB Research - 06 Mar 2013

Mr Ooi TB's proven right again. After KHSB, his next pick L&G.

yunsking, tks for update. I believe we are all waiting for the IA's report, any idea when will be sent us?

both would be better :))

pureBull, can still go in at 965? tks.

KFima management, you got a terrific good company, make the share price go up higher pls!

MBSB price will go up.

:)), cheers, not too late to go in. Price still low.

Yunsking, I believe for the privatisation exercise to proceed, MBFH has to pay out the special dividend separately on top of their offer. The Board has violated the principle of dissemination of all material facts to all shareholders, and was this omission a deliberate act by the Board?

now 258 ! tks

PureBull, thank you very much for the sharing.

PureBull, do you think MBSB can still go higher than 249? tks for yr adv.

Mr OTB, started to buy in now, current price very favourable.

yes, got it, thanks yunsking:

MBF HOLDINGS BERHAD
Stock Name MBFHLDG
Date Announced 28 Feb 2013
Category General Announcement
Reference No MH-130228-6359A

Type Announcement
Subject OTHERS
Description MBf HOLDINGS BERHAD ("MBfH" or "the Company")
- Suspension of Trading

We refer to Bursa Malaysia Securities Berhad's ("Bursa Securities") letter dated 28 February 2013 in relation to our announcement on 27 February 2013.

Nothwithstanding the provision of Paragraph 16.02(3) of the Main Market Listing Requirements ("LR"), Bursa Securities, in exercising its power under Paragraph 2.06(2) of the LR, informed that the trading in the Company's securities will be suspended only upon expiry of five (5) market days after the despatch of the Independent Advice Circular ("IAC") by Affin Investment Bank Berhad,the Independent Adviser ("IA") for the take-over offer by the joint offerors ("Offer") instead of from 9.00 a.m on Thursday, 7 March 2013 as announced on 27 February 2013.

Bursa Securities's decision to effect the suspension as set out above is made, after taking into consideration that the IAC has yet to be issued to the shareholders. As such, in the interest of ensuring a fair and orderly market, minority shareholders should be accorded time to evaluate and assess the advice of the IA in respect of the Offer prior to deciding on their actions with regards to their holdings in the Company's securities. In this regard, the ability to access the secondary market should be preserved and accorded to the minority shareholders.

This announcement is dated 28 February 2013

So we will wait for the IAC.

yunsking, your comment that Bursa will suspend MBF shares only 5 mkt days, what does this mean for us? can you pls clarify, thanks.

yunsking, thanks for the update, this is correct, special dividend from the disposal of the MBF cards must be paid on top of the takeover offer.

excellent, it is exactly what Mr. OTB said will happen, and he is 100% vindicated!!

OTB, dont give up, dont give in to your critics. You have been providing excellent advice to the readers of this forum. Problem is, some of them because they talk loud them want to make money fast,and as you have said before, they listen to rumours, buy and sell on rumours, and disregard the plain facts staring in front of their faces. You share info with most of us, we appreciate it very much. Dont let the mob, whenever things dont go their way, overwhelm you with their empty talk, it all goes to show their mentality. I hope you will stay with us. thank you very much.

all these is syndicate play. Wait for the announcement, yes or not to go ahead will be proof of the pudding of the proposal.

Takeover is separate exercise by the major shareholders. The MBFH Board is fully liable to pay out the special dividend as promised for the MBF disposal.

yunsking, full agreement. EGM voted for the disposal of the MBF card segment on the promise of special dividend as promised by Board. Do you think the proposal would have been approved if special div was not promised?

yunsking, full agreement. EGM voted for the disposal of the MBF card segment on the promise of special dividend as promised by Board. Do you think the proposal would have been approved if special div was not promised?

GE will not affect, Tambun's property undervalued. Price will rise up to its natural supply and demand level.

OTB, describes exactly what is happening now. What is so sure, people still hesitating; what is not so sure, people will jump in to buy on rumours.

necro, again thanks. Now clear, I will receive RM534, 144Kenanga, ICULs worth RM57 and also have ECG 32.4 shares.
Actually the ICULS really what a way to go, I meant give it out together with the RM534.

cheers )))

Tambun property will not be affected by GE. The quicker the 2nd Pg bridge is open, their property prices will skyrocket.

tks OTB, you are right, should be focussed first on KHSB.
thanks.

necro, thanks.
So, I will have finally 144 KNKH shares (what about the ECM 32.4 shares still got?). The ECM ICULs, really so much steps to get, why they cant think of giving out as cash with the capital repayment?

that means for every 1000 shares after receiving the capital repayment, then splitting and consolidating, we will hold ECM 32.4 shares, plus KNKH share (do you know know many KNKH shares?)

will reach 2.70 very soon.

bryan_su, thanks, 3.3 cents even higher!

final dividend 3.3%, this is great! 2nd Pg Bridge well ahead of schedule, Tambun properties are very undervalued, excellent value to go in.

OTB, given the choice, which would you go for KPS or Puncak? The recent offer by the Selangor State Govt to take over the 4 water concessionaires, how is KPS involved? thanks.

ECM confirmed all proposals for capital repayment and consolidations, the wait is over. After this, we still get KNKH shares, really good deal.

I respect people like Ooi Teik Bee, kcchongnz and others like them who are willing to share their analysis with us.
Then, we make our own decisions to go in or not.
Thanks again to Ooi TB and the rest who are generous in their recommendations.

is this confirmed?

Purebull, when you are ready to goreng, let's gang together!!

see quite a lot of selling activity, people taking profit, just in case...also got buying too, market adjusting

kccongnz, thanks very much for the quick update. Yes, good dividends. Land bank properties have not been revalued. Thanks again.

kcchongnz, thank you for your analysis covering Plenitude and Hua Yang. I find them most illuminating. Would you please do the same for Tambun? Is this counter undervalued, what are it's prospects? Thank you very much and wish you all the best for the Chinese New Year 2013.

Dato has been buying more and more, the free float is now so minimal, so why not keep the shareholders happy (and this includes him) and give out the special dividend. Remember the EGM last year approved the sale of the MBf card unit and was told the proceeds would be given as special dividend. Doesn't this make him liable to carry out this promise?

This was announced last year:
MBf Holdings Bhd plans to reward its shareholders with a special dividend of up to 30 sen a share using proceeds from the proposed disposal of its credit and charge card operations to AMMB Holdings Bhd (AMM MK, Hold, TP: RM5.70). In a statement to the exchange, MBf which expects to rake in proceeds of RM623.4m from the sale of MBf Cards (M) Sdn Bhd to AMMB, said it is earmarking up to RM172.07m or 28% of the total amount as dividends. (Financial Daily)

Source: ECM Newz Bits 09 August 2012

The above statement still holds true, and we should hear from the MBFH management before the privatization.

buyers collecting,kelvinctg you could be correct ??

keeping the faith..