EPF IS THE MAJOR SHAREHOLDER OF MBSB. THE PURPOSE OF RIGHT ISSUE IS TO CONVERT MBSB INTO BANK STATUS. THIS IS A DREAM OF EPF TO HAVE IT OWN BANK. DON'T HAVE TO WORRY SO MUCH, THE SHARE PRICE AFTER EX-RIGHT WILL SLOWLY MOVE UP TO RM1.00. IT IS STILL CHEAP FOR A BANK WITH PAR VALUE OF RM1.00 TO SELL AT R1.00 IN THE MARKET. AFTER ALL MBSB IS A PROFITABLE BANK FOR PAST SEVERAL YEARS TIL NOW.
I BOUGHT MBSB AT QUITE HIGH PRICE BUT I AM CONTINUE TO INVEST IN THIS COUNTER BECAUSE IT WILL CONVERT TO BANK. IN MALAYSIA, ALL THE BANK IS PROFITABLE IN MALAYSIA UNLESS THERE IS MALPRACTICES INTERNALLY.
Get rid of the entire management and executive staff then only MBSB has a small hope of surviving. My pet dog "Jumbo" and cat "Felix" can do a better job than the entire current management and executives of MBSB. If they don't know how to manage and run a Building Society, what makes you think they know how to run a bank? Just because they are getting a bank licence does not mean that they are going to operate EFFICIENTLY AND PROFITABLY. I hope I am wrong and that they are really superior management. Not too long ago, I went to MBSB to arrange/re-negotiate certain housing loan, talking to the people that increased my blood pressure and I almost puke blood. Fortunately for them, I am only a small little shareholder. Had I been a major shareholder probably I would have requested to see the MD and give him a good telling off!!!!
Converting to bank does not change its lack of business acumen and quality management personnel. Redtapes, inefficiency and lack of growth catalyst are all main issues. Converting to bank does not solve any of these, rather creates more problems and competitions against the established bank players. Goodluck to those believing in this stock.
i used to have faith in mbsb, been their investor since 2011 when news first started coming out about becoming a standalone bank. Yet 5 years later, there's yet another rights issue...never ending squeezing of loyal shareholders
My advice is to stay away from mbsb until all this nonsense finishes, only go back in once they're stable again (which they will be so long epf still support)
today is the last day to sell in order not to entitle for the right issue,anywhere kwsp will fully subcribe to the right,0.59 is quite low just take it if not at least half
79.5c cleared & Q-ing to BUY! Looks like good show coming if as I predict, the big boys support the price to encourage ikan bilis to subscribe to the rights issue lol
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....
beso
2,137 posts
Posted by beso > 2016-06-16 16:16 | Report Abuse
just wait after cease of OR trading those with direct cds account will receive subscription form via postal