Posted by Tan Cobby How > 2013-12-02 14:37 | Report Abuse

Did they mentioned the right issue is to collect cash for what purpose ?

Posted by Kutty123 > 2013-12-02 21:34 | Report Abuse

no more up trend?

Posted by member41 > 2013-12-03 06:52 | Report Abuse

Cobby: see pg 4 of circular dtd 25/11/13

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1470593

Posted by dragonfruits > 2013-12-04 15:35 | Report Abuse

up trend, finally

Posted by Newbiebetta > 2013-12-04 17:21 | Report Abuse

rebound signal

Posted by dragonfruits > 2013-12-04 17:58 | Report Abuse

will rebound to 2.9, all the way uptrend

Posted by TonsilBasher > 2013-12-05 07:51 | Report Abuse

upward trend from the chart

Posted by dragonfruits > 2013-12-05 11:55 | Report Abuse

when will go back to 2.9?

Posted by Ow Chee Wei > 2013-12-07 20:30 | Report Abuse

Yeah, rebound uptrend, buy come..

Posted by dragonfruits > 2013-12-10 08:42 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1487493

Posted by dragonfruits > 2013-12-10 09:20 | Report Abuse

anyone enlighten me what is this announcement highlight? http://www.bursamalaysia.com/market/listed-companies/company-announcements/1487493

Posted by hwtham > 2013-12-10 09:35 | Report Abuse

This announcement says that issue price for right issue is fixed at RM1.65, 1 right issue for 2 MBSB share. Wow, very cheap. I expecting the right issue price is around RM2.00...
May be today EGM will know the ex-date. Price should start shooting up.

Posted by dragonfruits > 2013-12-10 09:50 | Report Abuse

hur how come right issue for mbsb onlt 1.65? then how come will shoot up?sorry i m newbie

Posted by xncziyi44 > 2013-12-10 13:56 | Report Abuse

when is ex right,is it fix bursa ann. not specific enough,badly done.

Posted by gark > 2013-12-10 21:28 | Report Abuse

Ex rights date already announced... 30% discount from ex all price... very good bargain...

Posted by member41 > 2013-12-11 09:30 | Report Abuse

RENOUNCEABLE RIGHTS ISSUE OF UP TO 889,807,870 NEW ORDINARY SHARES OF RM1.00 EACH IN MALAYSIA BUILDING SOCIETY BERHAD (“MBSB”) (“MBSB SHARES”) (“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING MBSB SHARES HELD AT 5.00 P.M. ON 26 DECEMBER 2013 AT AN ISSUE PRICE OF RM1.65 (“RIGHTS SSUE”)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1488701

Posted by choonhock > 2013-12-11 09:47 | Report Abuse

@member41, what is the cost that I have to pay for the right issue if I got 1000 unit share?

Posted by member41 > 2013-12-11 09:53 | Report Abuse

bro choon hock if u got 1000 u are entitled 500 share at 1.65 each just pay $825

Posted by choonhock > 2013-12-11 10:03 | Report Abuse

thank you bro.

Posted by member41 > 2013-12-11 10:04 | Report Abuse

no problem bro... buy more when rights trading.. i also want excess hehe

Posted by Thian VN > 2013-12-11 10:09 | Report Abuse

To member41, will the price be adjusted after the right issue?tq

Posted by MisaKam > 2013-12-11 11:05 | Report Abuse

Help help!! I m a newbie in right issue... Currently I m holding mbsb, but it's under hllebroking nominee account.. How should I subscribe the right issue?

Posted by TonsilBasher > 2013-12-11 11:06 | Report Abuse

wowwwww. rise faster

Posted by TonsilBasher > 2013-12-11 11:07 | Report Abuse

unstoppable rise.....

Posted by zhi_yuan > 2013-12-11 11:13 | Report Abuse

will back to 2.80 level soon...

Posted by brave82 > 2013-12-11 11:14 | Report Abuse

We can start buying on 26-dec-2013? For the RIGTS ISSUE?

Posted by member41 > 2013-12-11 11:15 | Report Abuse

thian: after right it theoretically will drop due to dilution... but if you hold long term shouldn't be a problem... they using the $ for expansion according to the news.

Posted by Thian VN > 2013-12-11 11:19 | Report Abuse

tq, member41

Posted by gark > 2013-12-11 11:24 | Report Abuse

Theoretical ex. rights price MBSB

Current Price x shares + subscription price x rights / total shares

((2.75x2)+1.65)/3 = 2.383 ex rights

Which makes the rights OR is worth = 2.383-1.65 = 0.733 / rights share

Posted by gark > 2013-12-11 11:25 | Report Abuse

Due to the calculation above I believe the OR will be traded at 0.5-0.6 / share

Posted by member41 > 2013-12-11 11:26 | Report Abuse

gark: normally is it better to buy OR on day 1 or towards end is cheaper?

Posted by gark > 2013-12-11 11:27 | Report Abuse

since 1 OR for 2 existing shares.. means 25-30 cent upside...for mother shares.

Posted by gark > 2013-12-11 11:40 | Report Abuse

depends.. if mother price keep going up, OR will be more valuable..

But most OR will trade at discount to theoretical price..

Posted by member41 > 2013-12-11 11:54 | Report Abuse

ok thanks gark

Posted by Ow Chee Wei > 2013-12-11 12:16 | Report Abuse

If mbsb confirm uptrend i want buy a few lots :)

Posted by iafx > 2013-12-11 12:27 | Report Abuse

WA offer premium over the mother share at the moment. also:

"For illustrative purposes, Warrant Holders holding 1,000 Warrants will have the number of Warrants adjusted to 1,161 Warrants from the existing 1,000 Warrants held. "

Posted by TonsilBasher > 2013-12-11 12:29 | Report Abuse

i am going to take up the rights.its for growth of the company

Posted by lloydlim > 2013-12-11 12:32 | Report Abuse

Window dressing only I think.

Posted by iafx > 2013-12-11 12:33 | Report Abuse

kidding me, window dressing? hahahaa...

Posted by choonhock > 2013-12-11 13:06 | Report Abuse

window dressing? hahaha :)

Posted by TonsilBasher > 2013-12-11 14:03 | Report Abuse

this is gonna be the next blue chips my fren

Posted by eddiewgj > 2013-12-11 14:30 | Report Abuse

can i know how to subscribe the right issue? newbie here ...

Posted by member41 > 2013-12-11 14:37 | Report Abuse

eddie: just make sure u holding some on 26/12/13 at 5pm u get 1 right for every 2 share held.

Posted by eddiewgj > 2013-12-11 14:41 | Report Abuse

member41: thanks for it.

Posted by eddiewgj > 2013-12-11 14:48 | Report Abuse

iafx: means the price will adjusted to 2.3x by 26/12/13?

Posted by meena > 2013-12-11 18:04 | Report Abuse

Article rank 11 Dec 2013The Star MalaysiaBy LIZ LEE lizlee@thestar.com.my PETALING JAYA: MBSB has been closing the gap between its organisation’s structure and that of a bank in the past few years, putting in place policies, procedures and systems that would make it behave and look like a bank.
MBSB ready to be a bank

Injection of RM1.47bil capital shows the ability to move forward, it says

The Malaysia Building Society Bhd (MBSB) hints that it is ready to be a bank, noting that its latest rights issue to strengthen its capital base is a major step in that direction.

When asked if the financial provider was ready to assume a banking position, president and chief executive officer Datuk Ahmad Zaini Othman said the injection of RM1.47bil capital signals MBSB’s ability to move forward to be a bank.
“The rights issue and support from the shareholders are a big step to becoming a fullfledged bank,” he told reporters after the EGM, “In terms of banking capital requirements, they are all there.”
He added that the group had been closing the gap between its organistion’s structure and a bank’s in the past few years, putting in place policies, procedures and systems that would make MBSB behave and look like a bank.
Zaini added that Ernst & Young had been looking at its proposition and MBSB had also kept Bank Negara in the loop of its progress.
“The two options always been there – to go on our own or by way of major merger and acquisition (M&A) – and it is up to the shareholders to decide which is the most optimal option,” he said.
“Hopefully, next year there will be something,” he said, hinting on a consolidation or M&A.
“Any form of M&A is good for us. We’ve been lending for over 60 years, so what more can do we now. Either you close shop or you move into a structured environment,” he said.
Zaini added: “So much growth in the past four years is based on business as usual – personal financing, home mortgages and pockets of corporate business – but the banking world is bigger than that. We don’t have access to trade finance, forex, money markets.
When asked if MBSB saw value in merging with RHB, he said any form of integration with any financial institutions would be good for MBSB. MBSB clarified that it was not applying for a banking licence.
MBSB also target 15% of increase in revenue in 2014, as it balanced its portfolio between retail and corporate businesses.
At the moment, the financial provider’s operations have a 75:25 retail to corporate ratio. The group intends to balance it to 60:40 next year, and 55:45 in 2015.
For the corporate segment, it target a 15% to 20% increase in loan growth in 2014.
In its nine-month ended Sept 30 results, MBSB’s revenue rose to RM1.82bil from RM1.34bil, buoyed by its retail business although Zaini said the segment registered slower growth.
The three resolutions set out in the EGM were resolved, allowing the financial provider to proceed with its rights issue exercise to raise RM1.47bil, its dividend reinvestment plan (DRP) as well as its acquisition of office development from PJ Sentral Development Sdn Bhd.
The rights issue involve the issuance of up to 889.80 million rights shares at RM1.65 each.
The funds raised was to strengthen MBSB’s capital base while the DRP will allow shareholders the option to elect and reinvest their dividend entitlements in new MBSB shares. The proposed building, to be acquired and developedforacashconsiderationofRM239mil, will be MBSB’s new office in three years.
Zaini said there would be no major capex in 2014, apart from the building acquisition.
“Despite the challenging market in the telecommunications industry, this business segment is expected to continuously grow its subscriber base to generate higher revenue.”
Goldis’ waste water treatment segment brought in revenue and pre-tax profit of RM7.5mil and RM1.8bil respectively, compared to revenue of RM2.2mil and loss of RM200,000 recording in the same quarter last year.
The food and beverage segment also posted lower revenue of RM3.2mil, compared to RM3.4mil a year ago.
For the nine-month period, Goldis’ revenue stood at RM87.42mil, 30% higher than RM67.19mil a year ago. Net profit for the period was RM111.78mil, from RM61.6mil previously.

Posted by iafx > 2013-12-11 18:12 | Report Abuse

div payout foreseen to increase in light of DRP

Posted by iafx > 2013-12-11 19:06 | Report Abuse

eddie, correction, check this out:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1489377

1) The above Company's securities will be traded and quoted [ "Ex - Rights Issue" ] as from : [ 23 December 2013 ]

2) The last date of lodgement : [ 26 December 2013 ]

Posted by eddiewgj > 2013-12-11 19:09 | Report Abuse

iafx: what is that mean? is it mean the ex-date is 23/12 and the last day to confirm buying is 26/12?

Posted by iafx > 2013-12-11 19:51 | Report Abuse

last day of buying to entitle for the right is 22/12, on 23/12 share price will trade with adjusted price.