Posted by AhHuat888 > 2013-12-11 21:22 | Report Abuse

adjusted price will be?

Posted by member41 > 2013-12-11 21:30 | Report Abuse

Gark made a rough computation on previous page. 2.3x

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

buy what? anyone enlighten?

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

Just a question. I dont need to pay any RM to subscribe the rights?
Am I right?

Posted by iafx > 2013-12-12 09:27 | Report Abuse

if u intend to hold this counter, buy the WA and call to convert ASAP (latest 16/12), there is a 1.8% discount over the mother share.

Posted by TrendingBull > 2013-12-12 09:29 | Report Abuse

@iafx the wa don't need to wait maturity date to convert?

Posted by Jack Knight > 2013-12-12 11:30 | Report Abuse

shares changing hands between institutions

Posted by kane > 2013-12-12 12:00 | Report Abuse

can anyone enlighten me? Do i need to pay to subscribe and by when?

Posted by dragonfruits > 2013-12-12 12:03 | Report Abuse

i am share holder, but langsung tak paham about the latest annoucement by mbsb.

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

kane and dragon you can buy the mbsb right at $1.65 each. How many you are entitled depends on how many shares you holding at 22/12/13 5pm - you are entitled 1 right for every 2 existing share in your account. If you want to buy more rights on top of your entitlement you can buy under this counter "MBSB-OR" which will trade btw 27/12/13 to 6/1/14.

Posted by dragonfruits > 2013-12-12 13:14 | Report Abuse

Dear Member, if i have 8 biji, mean can buy 4 biji mbsb at rm1.65?

Posted by June Ng > 2013-12-12 13:25 | Report Abuse

@ dragonfruits , yes you are right

Posted by June Ng > 2013-12-12 13:25 | Report Abuse

EX-date 23/12/2013
Entitlement date 26/12/2013
Entitlement time 05:00:00 PM
Entitlement subject Rights Issue
Entitlement description 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 ISSUE”)

Posted by dragonfruits > 2013-12-12 13:25 | Report Abuse

Thank you June, may i know when can start buy?

Posted by AhHuat888 > 2013-12-12 13:44 | Report Abuse

mother good to buy now? or buy OR when listed leh?

Posted by TrendingBull > 2013-12-12 13:48 | Report Abuse

@member41 @juneng so the last day to be "in" for the right issue is on 22? 23? 26?

Posted by TrendingBull > 2013-12-12 13:49 | Report Abuse

and also if by 6/1/14 if none of the or is exercised what will happen to them?

Posted by AhHuat888 > 2013-12-12 13:58 | Report Abuse

Last call will be 22nd Dec before 5pm

Posted by member41 > 2013-12-12 13:58 | Report Abuse

trending: 22nd last day... 23 is ex
after 6/1/14 nothing happens. your chance to buy lapse.

Posted by TrendingBull > 2013-12-12 14:17 | Report Abuse

Kindly be advised of the following :

1) The Rights commence of trading : [ 27 December 2013 ]

2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer :
[30 December 2013 ]

3) The last day and time for Acceptance, Renunciation and Payment :
[ 13 January 2014 @ 5:00pm ]

4) The Rights cease quotation : [ 6 January 2014 ]



start trading 27 end 7 jan.

but what does 2 and 3 means? means by 13 jan if money is not in their bank i don't get the new share?

Posted by member41 > 2013-12-12 14:19 | Report Abuse

yes they'll send u the letter of offer and you just complete it and mail back asap w the payment. U can buy more (on top of your allocation) from the market in this period... the counter is MBSB-OR

Posted by TrendingBull > 2013-12-12 14:20 | 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 ISSUE”).

Kindly be advised of the following :

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 ]


last date of lodgement 26 december..

Posted by TrendingBull > 2013-12-12 14:31 | Report Abuse

@member41 is the mbsb-or traded between mbsb share holders only or open to all public investor as well

Posted by TrendingBull > 2013-12-12 14:35 | Report Abuse

The actual trading date is only from 27 - 30 december for public? because the letter will only be depatch on 30december?

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

trending: the trading date is for MBSB-OR for all public...

Posted by feeling123 > 2013-12-12 16:31 | Report Abuse

wana ask, if i subcribe to 1.65/OR, den i nid to sell it in open market???
or i can convert to mother share?

Posted by member41 > 2013-12-12 16:37 | Report Abuse

feeling if you buy the MBSB-OR during that trading period it will be at a spot price $x... you then have to pay $1.65 to convert to mum.

Posted by iafx > 2013-12-12 16:44 | Report Abuse

trendingbull, anytime. but if u intend to convert for the right, u have to do it by 16/12. http://www.bursamalaysia.com/market/listed-companies/company-announcements/620698

Posted by iafx > 2013-12-12 17:10 | Report Abuse

heavy unloading despite overall 63% buy rate...

Posted by hwtham > 2013-12-12 20:34 | Report Abuse

Today trend looks like BIG Player throwing it cheap to their buddy??? So many big lot transactions traded in open market? Interesting... Let say any announcement these few days who is throwing.

Posted by TrendingBull > 2013-12-12 20:51 | Report Abuse

isit recommended to sell the right issue or exercise it? i see most of the other company or/right issue are usually traded within the first few day of issue only..

Posted by iafx > 2013-12-12 22:36 | Report Abuse

depends how long u plan to hold. bimb-wa high premium there r ppl talking to hold it 10 years! mbsb with current eps/div & drp in sight is cheap at current price. yr $ yr choice!

Posted by TrendingBull > 2013-12-13 05:01 | Report Abuse

So I guess if you want to make money with this share you need to buy , exercise the issue and hold?

Posted by member41 > 2013-12-13 08:41 | Report Abuse

bull, this is a right not a warrant so you dun exercise anything. MBSB is selling to existing shareholders cheap to raise funds for expansion. You just need to decide if you want to buy or not. Its only $1.65 per right so is cheap. Also recommend if you are already holding MBSB to buy the right since your shareholding will be diluted if you don't participate.

Posted by dragonfruits > 2013-12-13 08:52 | Report Abuse

@ dear Member, let said i have 8 biji, can buy 4 biji mbsb at 1.65..if i dun want to buy, they will return 1.65 to me and mother price will dilute and readjusted to lower price?pls corrected me..

Posted by member41 > 2013-12-13 09:04 | Report Abuse

hi dear dragon... yes all is correct except if you don't buy you don't get anything from them and yr share will dilute... But the rights are renounceable so you can sell your right to others if you don't want to take it up. Need to physically sell the right in the market (I think is under MBSB-OR). I haven't done this myself in Bursa before but in other bourse you just sell it during the rights trading period. Better to check w broker how to sell it.

Posted by member41 > 2013-12-13 09:07 | Report Abuse

ok thanks iafx.. so its the same here :) are you buying more OR from the market sir?

Posted by iafx > 2013-12-13 09:08 | Report Abuse

sell yr OR in the open market will do. btw, have u do a comparison of RoE etc to BIMB, AFFIN? even after dilution, MBSB looks much cheaper and stand to perform well in 2014. anyway, yr $ yr choice!

Posted by iafx > 2013-12-13 09:12 | Report Abuse

member, v will c how the OR perform first :)

Posted by dragonfruits > 2013-12-13 09:46 | Report Abuse

@Member, thank you, that mean mbsb mother will dilute and they will give us MBSB-OR..we can either kept MBSB-OR or sell it.

Posted by Investwise > 2013-12-13 10:36 | Report Abuse

How to calculate the price of MBSB-OR when it starts trading.

Posted by anthonylow > 2013-12-13 10:41 | Report Abuse

Renounceable right issue, 1:2 @ RM 1.65
Ex- Right Issue: 23/12/13
Despatch Date: 30/12/13
Date of commencement of traading of rights: 27/12/2013
Date for cessation: 6/01/14
Date for announcement final result: 20/01/14
Listing date: 29/01/14
这个附加股是可以转换或弃权的（Renounceable），也就是说如果股东不想要把附加股补钱去认购新的母股，这个权利是可以在市场上抛售，也就会有MBSB-OR的出现。
Ex-right issue是在23/12/13，由于23日是星期一，股东必须在前一个交易日持有MBSB，才享有附加股的认购权。附加股以1对2的形式分发。如果股东有1000股MBSB，也就会得到500股的MBSB-OR，而股东必须以RM 1.65的认购价去购买新的母股。
那么，看起来很值得，现在母股RM 2.77（11/12/13的收市价），那么认购RM 1.65不是很好赚？
在股市，千万不要觉得有那么大的蛤蜊随街跳。每每有什么Exercise，价钱都会被调整。Ex-Date就是价钱调整的日期。
假设20/12/13的收市价是 RM 2.75，23日的调整价就是：
Ex-rights reference price
= (2.75×2)+ (1.65×1)
2 + 1
= RM 2.38
预计MBSB-OR 大约会交易在 2.38- 1.65= RM 0.73
MBSB-OR 会在 27/12- 3/1 之间在板上交易，6/1/14 MBSB-OR就不会在板上了。
20/1/2014 则会公布认购的数目，Oversubscribe多少等等。
29/1/2014 MBSB的新股就会上市。

Posted by member41 > 2013-12-13 10:50 | Report Abuse

thanks anthony.. so we looking at around 73sen

Posted by iafx > 2013-12-13 10:53 | Report Abuse

vol start picking up

Posted by Investwise > 2013-12-13 10:59 | Report Abuse

thanks. anthony.. ^^

Posted by dragonfruits > 2013-12-13 11:41 | Report Abuse

teruk, drop back..

Posted by member41 > 2013-12-13 11:43 | Report Abuse

nm maybe OR cheaper 70c or below...

Posted by AhHuat888 > 2013-12-13 11:47 | Report Abuse

good to start accumulate now... counter with good prospect...

Posted by TrendingBull > 2013-12-13 12:55 | Report Abuse

anthony low can you translate to english please?

Posted by dragonfruits > 2013-12-13 12:57 | Report Abuse

Unable traslate to Eng, u must learn mandrine to understand ..hehe