I have the same ? as hian949372 and dear expert what is the price for right issue ? 1.00 or 85 sen ? why I heard someone claim RI only RM0.85 , is this true ?
angie, right issue price and ratio have yet to finalize, recent announcement just an illustration on how the proposed two calls right issues will be going on, i expect it will roughly arround 0.530 to 0.820
If RI price is more cheaper, its good due to most of RI price will be funded by retained earning.Why go to holland?shareholder no need to fork up much of money
beso, sorry kacau you again here. Beso , I am using a direct account, so if I want to subcribe the Right Isue then where do I need to go for register, because my remiser claim since I am using a direct account then I must do it by my own ?
no need to register as you will receive option form via postal after price and ratio being fixed, if you don't receive alternative way is to download the option form from bursamalaysia website remember your documents have to reach company share registry before expiry date given by mbsb
beso , ok thanks I undestand . but beso why we cannot walk in MBSB bank and send them or just buying bank order from MBSB bank, because MBSB is a bank what ? Why still need buy a bankdraft and send back to regirstra instead of send to MBSB directlly lagi cepat ?
for what i understand mbsb does not do like commercial banks do, mbsb has appointed am investment bank as undertaking to this right issue project, you may try to ask them which is the fastest and easiest way for the right issue subscription, any corporate activity has to deal with share registry as i know
MBSB bulldozed to confirm rights issue and make more money for the directors. The management don't have better ideas to make this listed company strong. Since the announcement, I see no more interest from the public for this stock.
bottom at sea already...need bigger crane to pull mbsb out from bottom.. big brother EPF sure can help... can't let own brother MBSB die alone...die die must do something....family matter...Adik-beradik....
Sell now isbest option. After dividend, the price may drop badly. Public investors will not want to buy more rights issue. It will be for EPF and other GLC only. They got the governments money to buy and can afford to lose.
Short term punters should stay out of this counter. Rights Issue will be attractive price and good for long term investment. EPF majorshareholder with more than 65% and recently Chua Ma Yu revealed he owns more than 6%...surely he must know that this is worth holding and probably know more than others do about the prospects. If you scrutinize the annual report, total shareholding by EPF, CHUa and others holding more than 2% account for more than 85% of the shares. I feel it is good time to buy for long-term and pick up the rights issue.
because of the negative sentiment currently affecting this share, it is possible for the price to retreat to as low as RM1 ex rights. I am suggesting that new entrants should hold back now and wait to pick up after the rights adjusted price i.e. dont buy in now to be eligible for the rights. Existing shareholders who have no desire to take up the rights should have got out by now. Based on the recent price I am guessing that the rights price could be as low as 0.75sen which translates to the RM1 exrights price. The basis I guess is like 19 rights for 20.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Angielim9955
2,049 posts
Posted by Angielim9955 > 2016-04-29 16:01 | Report Abuse
I have the same ? as hian949372
and dear expert what is the price for right issue ? 1.00 or 85 sen ?
why I heard someone claim RI only RM0.85 , is this true ?