dividend reinvestment plan coming, meaning div is coming.. sweet.. right issue on 20% discount and EPF will fully subscribed if at 20% discount, in the news today
based on my experince, the price will be going down for having lower right-issues share price, when the right issues price coming out, the price will be goinf up for ensure all share holder subscribe for the rights. After the rights Ex-date, the price will be stable and going down slowly due to profit taking by those big boss. As for referance can refer to previous cases like Huayang (pivate placement), Ivory (right issues), UOADev (DRS), SBCCorp (current in progress)...
MBSB is a very good counter where can you find any counter that given you consistently more than 30% ROE for last 3 year's yet sell at PE below 10 think of it ?
If calculate the rate EPS will drop about half but still ROE more than 15% isn't it? compare to current ROE 30%+++ so which counter that able to continuosly give you more than 15% ROE and yet traded below 10 P/E think of it. MBSB need more capital to become a recognize bank i did hope i day they can compete among local bank that was the time ripe for profit taking.
After reading 'the edge' posted by Abudance, think this share will slowly sink. Now alread asking for rights and share capital become 'bloated After that also want to start DRP. So div. money also wants us to reinvest and paid up becomes bigger. Think for the time being on Monday use my paracute and bail out
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....
Kutty123
1,585 posts
Posted by Kutty123 > 2013-10-01 15:45 | Report Abuse
stock ini, legal a long..earn a lot.