With the high cost of funds, how MBSB is to make big profits ? How to fight banks which make billions ? How to reach the small target of RM1.00 ? Show reasonable proof not target or wish. Do not say bad words.
Everybody have their own agenda. Do not worry. Make sure it must meet your goal. My agenda is profits not hold. We can do what we like. No need to follow others.
The question is did Chua Ma Yu sold out yesterday when volume breached 200m I don't think anybody knows at what price Mr Chua bought in ( he is a stock broker by trade )
Based on the range of prices up to end of February 2016 before Chua announced his 6% stake and the rights he bought at the market his average cost when he reached almost 9% should be about RM1.05.
One noob question, when CMY bought 300 mil worth of shares this month, announcement was all over the place. If he were to dispose his shares, will there be any announcement?
assuming contrarian is correct on CMY acquisition price .....it is also sure he is paying 12.60m p.a or RM1.05m per month based on 4% interest.....So from Feb to now accrued interest payment is RM7m
AGREED. ANY MAJOR SHAREHOLDER OWNING 5% OR MORE OF THE EQUITY OF MBSB MUST ANNOUNCE THRO BURSA. CMY OR EPF DID NOT SELL A SINGLE SHARE. THEY ARE STRONG SHAREHOLDERS. WILL NOT SELL.
ALSO 2Q PROFITS AT RM63M WAS MUCH BETTER THAN THE PRECEDING 1Q's RM15M. (DESPITE ITS ONGOING IMPAIRMENT COSTS AND DESPITE A HIGHER AMOUNT PROVIDED IN THE 2Q COMPARED TO THE 1Q'S). THIS MEANS MBSB'S TOPLINE BUSINESS REVENUES HAD ACTUALLY INCREASED AND IMPROVED.
FUNDAMENTALS REMAIN SATISFACTORY EVEN THO WITH THE DECLINE IN CURRENT YEAR'S PROFITS YEAR ON YEAR. EG.NTA RM1.71. RETAINED EARNINGS RM726M .HENCE EVEN WITH EXPECTED PROFITS DOWN TO RM130M (FROM 257M 2015) THIS YEAR, ITS TOTAL RETAINED EARNINGS WILL INCREASE TO A HUGE RM856M. CAN EASILY PAY AT LEAST 3 SEN DIVIDEND (LIKE LAST YEAR.) DIVIDEND YIELD IS STILL GOOD COMPARED TO BANKS FIXED DEPOSITS
BASED ON THE ABOVE POSITIVES, MBSB'S PRICE AT 0.885 IS REAL CHEAP
intraday contra share. yesterday. 92 sen. (at 5 pm) today 88.5 sen (at 5pm) seem all investor sell this counter for intraday. earn small profit and run. hmmm... as financial stock with money lending license and got house proeprties as collecteral. Nothing to afraid. at year end, when mbsb annouced get full bank licence. Then, u will see the price of it. Notice, tan sri chua is not stupid. everything, he buy got purpose on it. thats y got RHB bank. This guy can persuade minister of finance to followed him. TP 2.50 or 3.00
YES. THEY PAID DIVIDENDS OF 5 SEN EACH IN 2013 AND 2014 AND 12 SEN IN 2015 CAN AFFORD TO REVERT TO PAYING HIGHER DIVIDENDS WHEN THEIR PROFITS ARE NORMALISED BACK TO HIGHER LEVELS.
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....
marcofu88
398 posts
Posted by marcofu88 > 2016-08-09 17:29 | Report Abuse
Will continue uptrend on tomorrow...not worry