if mbsb settle at 71c, i think still got profit for those subscribed OR. tomorrow can start selling for some small profit. those got 'access' can reap more profit.
tomorrow there might be a scramble to sell MBSB, not every OR subscriber will be able to reap in the profit....however it is a good time to sit on the fence to look out for cheap scoop.
more getting excess lot meaning more selling for quick profits.....there will be some that will sell first and buy back at lower price hence putting intensity into the selling....how low will it go?
I still awaiting reply from investment about my excess application status.....my ratio on application is (55 right: 10 excess). i think need to wait till tomorrow for them to get back to me.
Posted by hng33 > Jul 28, 2016 10:02 AM | Report Abuse
hahahhaa, with excess lot, my average cost on MBSB now less than 68sen alrdy.
Posted by hng33 > Jul 28, 2016 10:02 AM | Report Abuse
Yes, excess rate is more than 23+%
Dude, I couldnt get yr average cost RM0.68 leh...
Yr cost of 55 Rights @RM0.115+RM0.59= RM0.705 = 38.775 Even all yr 10 Excess got 100% @ RM0.59= 5.90 Average 44.675 / 65= 0.687...
My cost on OR is 9.3sen, as i sold average 11.7+sen sen first and bought back 11.5sen at last minute in the last day of trading, so, exclude intraday profit and account only initial cost
Yes, other should update their excess status here, so that next time, adopt strategy to further improve success rate better.
I just wonder if any here adopt like bought 6,000 lot of MBSB, but sell 5,000 lot, just retain 1,000 lot MBSB before ex-right, then bought back additions OR from open market 5,000 lot on top of entitlement of 1.000 OR + apply excess lot 5,000 lots. These strategy is to retain minimum lot to qualify as priority group in order to entitle maximum excess lot.
As told earlier, MBSB next quarter result to be release 8 Ag will give 'GOOD' but 'MISLEADING' earning.....MBSB will record profit without take into account dilution share volume, but share price in the open market alrdy diluted.....
therefore will give 'fake impression' to market that MBSB EPS is alike double surge in EPS as market alrdy price in MBSB base on 1 for 1 right share dilution but upcoming EPS still record result based on last 3 month undiluted share base volume
In short, these fake impression of MBSB earning may mislead market or thought MBSB EPS is good compared to current market share price.....it may prompt market to react POSITIVELY...then, perhaps it only ripe time to take profit for right share subscriber.
I target for at least 10% return or about 75sen, to meet my desire return :D)
Yup, i expect share price to rebound next few day once right share listing tomorrow, and the D-day will be coming 8-8-16, the Q result release as it will give 'GOOD' but 'MISLEADING' earning.....MBSB will record profit without take into account dilution share volume, but share price in the open market alrdy diluted.....impression is alike 'double profit EPS'
If u hentam 55OR + 55 Excess (instead of 10 only) then can see more meat lah.....I thought u would really hentam excess kuat kuat as it's free n u r believed demand is not good..what a waste 27% is damn good
By looking at the data, there are not HUGE over supply shares, those who can profit by selling at the current price of 0.70, eg who bought OR. ONLY those got the EXCESS at 0.59 can make profit.. EXECESS available on RM100mil shares... NOT A BIG concern,,,
Its prove that excess lot is viable strategy to lower cost, increase margin with minimum risk + it also prove that sell ahead while share on strength at 78-79sen to lock profit last 2 week ago is viable strategy rather than those so-call negative minded tag 'peanut' or 'regret' which prove is nuisance
Its normal, due to supply vs demand....Share price is dynamic, the supply is increase by 100% due to right share. It will take few day to stabilize. Once share price hit hard rock bottom, it will stabilize, then awaiting for catalyst to rebound. Quarter result release on 8-8-16 will be awaited catalyst
Right share is going to be listed on tomorrow,is not after next month quarter results..Investment decision will be made based on facts not the speculative.
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....
setia2u
971 posts
Posted by setia2u > 2016-07-27 10:06 | Report Abuse
Haha ... I better sell now, people curi-curi jual already ...