Posted by JamesPond > 2016-05-23 15:15 | Report Abuse

Agree with Oasis. Change the entire management. Heck ask the MACC to investigate first. The management seems to be enjoying themselves with impairment provisions every quarter. I would imagine most of these impairments relates to non payment of loans made. In this day and age, most if not all financial institutions requires collaterals valued more than the loans if you borrow from them and MBSB is no exception. Even Ah Longs requires collaterals!!! Why are they providing more and more impairments instead of taking more vigorous actions on recovery of debts???

Posted by Prcmenon Menon > 2016-05-23 19:13 | Report Abuse

17 for 20 was the basis used in the proposal by basing on the existing price of 1.37 less divididend of 3 sen proposed = 1.34 and the TERP price 0f 0.82. so based on the issued capital of 2.842bln shares they would issue 17 for 20 = 2.416shares @ 0.82 to raise the target of RM2bln.
However since the price has since gone down to 1.20- 125 range, they will have to base the rights price on this range, hence my estimate of 0.75sen. They could come up with another formula and I could be wrong.

Posted by Prcmenon Menon > 2016-05-23 19:15 | Report Abuse

Regarding the impairment provisions, whilst I tend to agree somewhat that it gives the people the impression that the impairments are increasing due to higher non payments, I have read closely to note that the impairment provisions were accelerated in the last qtr. of 2014 when they switched to follow the commercial banks way of classifying impaired loans as those that are in arrears for more than 3 months instead of their previous practice of 6 months.

Posted by Prcmenon Menon > 2016-05-23 19:16 | Report Abuse

They announced this aggressive plan that is spread up to 2017 to bring them up to Banking standards upon the advice of Bank Negara. By doing this it will also put them in a much better position to face the next phase of their expansion i.e. to apply for commercial banking on their own or in any merger exercise.

Posted by JamesPond > 2016-05-23 19:57 | Report Abuse

If management and staff still the same, what expansion?? Most probably rights monies will be used to lend out and then subsequently write off as impaired. History usually repeat itself.

Posted by ktlum84 > 2016-05-23 20:02 | Report Abuse

i agreed with Pond, should sack the management first only go for other solution..keep asking for money in business is not a good strategy!

Posted by shazali6609 > 2016-05-23 22:45 | Report Abuse

hammer today..can go

Posted by shazali6609 > 2016-05-23 22:46 | Report Abuse

think opposite la...then only can earn ...buy now risk is low...chase low dont chase high...surely will back to their glory day soon, epf invest so many inside, wont let it die 1

Posted by ktlum84 > 2016-05-24 00:21 | Report Abuse

A portion of the money from the right issue will be used to buy government bond which indirectly go to the government.

Posted by Uginefacebook > 2016-05-24 12:45 | Report Abuse

DRP - RM1.15 is not worth 9.28% discount any from RM1.29. The price today at RM1.18. Cash better.

Posted by JamesPond > 2016-05-24 13:52 | Report Abuse

KTlum84 buying Govt bond? Yeh, given the 1MDB fiasco, probably Govt bond also impaired!!Also if same management and staff, even if bond not impaired, easier for them to treat as impaired than to cash out the bond on maturity.

Posted by plaxo 88 > 2016-05-24 19:06 | Report Abuse

can we apply for odd number eg 31 to make to next 100? any advise.

Posted by klkk > 2016-05-25 11:14 | Report Abuse

no need to apply, buy direct from mkt might be cheaper.

Posted by sasword > 2016-05-25 12:18 |

Post removed.Why?

Posted by ktlum84 > 2016-05-25 12:41 | Report Abuse

Good counter !!

Posted by ksng0307 > 2016-05-25 14:36 | Report Abuse

GLC counter semua tak boleh pakai, know how to take care of their own pocket only

Posted by Prcmenon Menon > 2016-05-25 17:18 | Report Abuse

wont be surprised if rights issue at 70sen based on 1.15 today. This way they have to issue 1:1 and top up 30sen from the share premium.
Another possibility is rights issue may be called off.

Posted by oasischeah > 2016-05-25 17:22 | Report Abuse

EPF and GLC can afford to buy because it got the peoples money. Hope it can maintain the profitablility long term. I heard this counter is doomed. Why want to apply or even accept the DRP and pay extra stamp fees etc. You can buy as much as you want now and maybe at even lower prices soon. It would be wise to sell off and stay away from this counter.

Posted by ktlum84 > 2016-05-26 15:20 | Report Abuse

Price fall below 1.15, heading to another holland price!! Yeah

Posted by KG1967 > 2016-05-26 15:35 | Report Abuse

Can throw it to dustbin la

Posted by oasischeah > 2016-05-26 16:01 | Report Abuse

The longer you wait, the worse it becomes.

Posted by Yippy68 > 2016-05-27 22:18 | Report Abuse

As low as dirt. But it could be another air asia on the way making

Posted by ktlum84 > 2016-05-28 01:01 | Report Abuse

hopefully

Posted by moneySIFU > 2016-05-28 01:16 | Report Abuse

5 years low, touch ground or still falling?

Posted by moneySIFU > 2016-05-28 01:18 | Report Abuse

Profits going down quarter by quarter since Jun 2014 QR, opportunity?

Posted by Yippy68 > 2016-05-28 05:47 | Report Abuse

Big gun sold to get you panic. You sell, they buy and enjoy cheap right...months later, good new, , price surge, you regret. Air asia lowest 74 sen, today 2.40, at 74 sen, someone said another MAS, now he quiet because he regret. MBSB will never go bankrupt , some how all working citizen are sharing this company, because EPF own 65%......BUY, hold for one to two years, it should be 2.00 or more, I am buying at 1,13

Posted by Yippy68 > 2016-05-28 05:53 | Report Abuse

Not easy to own a foot ball club in uk, your money lah...friends

Posted by dompeilee > 2016-05-29 08:38 | Report Abuse

Another round of losers brought by Chua Ma Yu to Holland....happy rights subscription,ppl! hAHAHA!

Posted by ACELEE > 2016-05-29 10:20 | Report Abuse

Apr 12, 2016 03:06 PM | Report Abuse

Nope Oasischeah,等就是等他的right issue.No rights issue there will be no selling pressure thus no Kangtao.However,I am not eyeing to buy its rights shares (I am not the shareholders at the moment) but under my watchlist

My previous comment to answer bro dompeilee question.

Posted by beso > 2016-05-29 12:29 | Report Abuse

with-ve news weaken economy plus company calls for cash ppl panic sell down to such a low price actually is good so right issue price will be even lower, the lower the better

Posted by ktlum84 > 2016-05-30 10:40 | Report Abuse

Hopefully can drop to 0.5, then only buy again

Posted by KG1967 > 2016-05-30 11:24 | Report Abuse

Dream on 1.0

Posted by Yippy68 > 2016-05-30 12:07 | Report Abuse

Another air asia one day. Time is the factor.

Posted by ktlum84 > 2016-05-30 16:52 | Report Abuse

So when their are going to announce the right issue date ?

Posted by Activetrader > 2016-05-30 23:57 | Report Abuse

hopefully can get below RM1 soon. this share was below RM1 in 2011 :) im not surprise to see that price emerge again.

Posted by Jeremy Loi Fuang Suu > 2016-05-31 13:01 | Report Abuse

烂帐太多 还在衰退期 离复苏期还很远

Posted by JamesPond > 2016-05-31 13:24 | Report Abuse

Yippy, another Air Asia??? LOL. Yes we all live in hope, but for MBSB to be AA, we need miracle, hope alone not enough! AA is run by TF who transform a RM1.00 company to RM6,623,478,310.40 worth. MBSB on the other hand is run by a bunch of monkeys who has no interest in the future growth of the company. They may not even know how to run a biz. Just like monkeys, they can talk and make a lot of noise, but when come to actual work, they tak tahu apa nak buat. Kalau tau pun, malas nak buat. Nak pergi kutip hutang pun malas. Senang je, write off as bad debt, tak yah kutip jadi tak payah kerja.

Posted by ACELEE > 2016-05-31 15:53 | Report Abuse

Yes bro Jeremy,我要的就是他的巨大调整震荡.

Posted by bearbull > 2016-05-31 16:44 | Report Abuse

Just buy..not much risk to play ST. Overly sold alr.

Posted by oasischeah > 2016-05-31 17:21 | Report Abuse

The bottom is not near yet. This share will get worse by the days. Company dare not come out the dates for rights issue. It may plunge soon as date is announced. Goodluck to those who buy it.

Posted by Yippy68 > 2016-05-31 21:42 | Report Abuse

Thank you Jamespond

Posted by cyeec2000 > 2016-06-01 07:38 | Report Abuse

There is nothing wrong to entry with cheaper price..

Posted by Prcmenon Menon > 2016-06-02 17:05 | Report Abuse

Rights issue may be aborted.

Posted by ktlum84 > 2016-06-02 20:48 | Report Abuse

Dead fish rebound ... another trap set by big Croc??

Posted by cyeec2000 > 2016-06-02 20:50 | Report Abuse

Confirmed?

Posted by cyeec2000 > 2016-06-03 12:22 | Report Abuse

There is less possible RI would be aborted due to more than 90 percent votes for right issue during AGM..

Posted by Arvin6 > 2016-06-03 12:36 | Report Abuse

AI ya why so worry .. our big brother EPF will stable the price . Later they will push the share back to 1.60..

Posted by Arvin6 > 2016-06-03 12:37 | Report Abuse

AI ya why so worry .. our big brother EPF will stable the price . Later they will push the share back to 1.60..

Posted by bearbull > 2016-06-03 13:40 | Report Abuse

Problem is PPL here think mbsb price will go down less RM 1.

Posted by JamesPond > 2016-06-03 17:09 | Report Abuse

EPF how to push price up? If they buy, will trigger takeover code?