Posted by coco65 > 2013-12-13 13:01 | Report Abuse

good to enter at 2.70?

Posted by TrendingBull > 2013-12-13 14:09 | Report Abuse

I am really confused by this right issue thing... isit a good thing or a bad thing? If i am a short term holder I am gonna lose money? If i hold long I will make money?

Bought at 2.70... if exercise it becomes 2.32 .. lose 0.38..

Right issue estimated 0.6-0.7 ....sell all also cannot cover the dilution lost.

If exercise the right issue - 2.32 - 1.65 = untung 0.67( but divided by 2 = 0.335 )

Look like all senario you're going to lose money in the short term. Whether you sell your right or exercise your right...

Posted by socaisocai > 2013-12-13 14:21 | Report Abuse

bull bro..i have a same thought with you!!!

Posted by member41 > 2013-12-13 15:29 | Report Abuse

bro bull there's 2 diff scenario for the right. Hope this is clearer below:

1) you buy MBSB today, eg 1000 unit @ 2.70. You will be later allowed to buy 500 share (or rights) at 1.65ea. Just fill in the form. So you now have 1500 unit. Average price is now (2700 + 825)/1500 = 2.35/unit. So your average is reduced from 2.70 to 2.35 after you buy the right. This method is open to all MBSB shareholders. If you don't want the right you can ignore the form. You will still have 1000 unit @ 2.70. But you lose the chance to by the share @1.65 and lowering your average.

2) scenario 2 is optional to you and something that is totally exclusive of scenario 1.
You can buy the right MBSB-OR from the market when it open on period 27/12/13 to 6/1/14. The price will be around ~~~73sen but price changes according to market demand (estimate as calculated in earlier msg above). After 6/1/14 you will be sent a form to convert OR to mum. You have to pay 1.65 per OR so total per converted OR around 2.38 (calculated earlier by anthony)
Anyone can buy the OR... whether you are MBSB shareholder or not. But after you buy OR you must pay the 1.65 per OR convert to mum.

Posted by TrendingBull > 2013-12-13 16:28 | Report Abuse

@member41 , the maybank remiser say I don't need to fill any form.. just call them through phone. and bank in some money into either my cds or premier account.

But member41 what do you think the mother share price will be after new shares are diluted into it.. 899million right issue is half of current mother existing share. If all rights are "used" .. current price 2.7 will lose atleast 30% of its value to 1.8 per mother share.... even my averaged down price would be suffering lost.

So what would be the wise choice? Exercise the right and average to 2.35 then maybe hold it for couple months?

Posted by member41 > 2013-12-13 16:48 | Report Abuse

Hi I'm quite optimistic of the share so I'll take the rights at 1.65 under scenario 1 and I'm holding long term. Can buy more under scenario 2 If u feel U got not enough but also depend on the price of the OR when it start trading.

Posted by dragonfruits > 2013-12-13 16:48 | Report Abuse

i think for senario 1, those who not choose to buy mbsb at 1.65 will have free MBSB-or as well..if u have 1 biji mbsc, they will free u 500 units mbsb-or, and mother price will dilute..is not possible and to have 2 difference price for the same share..

Posted by iafx > 2013-12-13 17:46 | Report Abuse

may also sell mother share after ex, use the $ to settle the exercise cost. if u believe mbsb will out perform next year, can consider the wa. this year eps looking to break last year, so far out perform affin, bim

Posted by TrendingBull > 2013-12-13 18:14 | Report Abuse

iafx ... mother price will be very low after ex.. does the exercise average down and selling mother at lose.. sums up a balance?

Posted by member41 > 2013-12-13 19:26 | Report Abuse

Bull don't worry after rights drop the share should recover. That's y u must have faith in the company before investing :)

Posted by iafx > 2013-12-13 22:02 | Report Abuse

the method offer u a way to reinvest at a lower cost (2.3x) without pumping in fresh $, and cash out portion of cash (say 2.3x-1.65). it doesn't recover yr loss (if bot only days ago, u can't b losing too much but few cents only). should the price recover, yr reinvestment will help u on that.

Posted by TrendingBull > 2013-12-13 22:24 | Report Abuse

what are both your expection for mother share to be after ex?

1.85?
2.2?

Posted by TrendingBull > 2013-12-14 05:25 | Report Abuse

I am wondering why would anyone buy the "rights" to purchase mbsb share... when they can just purchase the share itself straight..for the same price.. UNLESS... by buying the rights they gain some percentage of discount. Which would only happen if...

Someone sells the "right" price cheaper than it should be. etc. 0.5 instead of 0.7
MBSB share price rises.and create a discounted difference by purchasing it through "rights"

Posted by TrendingBull > 2013-12-14 05:31 | Report Abuse

Hope all the sifu can guide me here, cause this is the first time I am dealing with rights.. I have a few question in mind.

1.When will we get the OR or rights in our cds account?

2.How are you going to purchase your right? By calling your remiser.. or can you do it online? Or do you have to wait for a letter to reach your house ... fill it then resend back? Anyone with experience with right please guide :X

3.If I am to purchase my "rights".. how soon or when will the new MBSB share be in my account to trade or keep it.

Posted by TrendingBull > 2013-12-14 05:31 | Report Abuse

4. Are there any charges when purchasing these righs? Like trading fee,.. broker fee or anything..

Posted by allan88 > 2013-12-14 10:41 | Report Abuse

I am wondering why mbsb required the right issue to build up the working capital? As it is not a bank, so not govern under same capital requirement by Bank Negara. Is it heading for a bank license? This question was asked in recent general meeting and not denied. This is probably what will decide on long term holding and subscribe to the right.

Posted by gark > 2013-12-14 10:55 | Report Abuse

allan88 MBSB wants this rights issue to have the same capital requirements as bank. The CEO have said many many times they are going to be a full fledged bank, either by themselves or previously merger with RHB.

Looks like they are going to do it by themselves...once they get the banking license, they will not be trading at such low PE like now...

Posted by AhHuat888 > 2013-12-14 10:59 | Report Abuse

anyone interested with the right issues?

Posted by allan88 > 2013-12-14 11:24 | Report Abuse

Gark, thx. I really wish to see that happen. Bank status is certainly carry higher PE valuation.

Posted by bowman > 2013-12-16 13:22 | Report Abuse

Can they do it? ie. becoming a bank? I know they are cash rich and broad customer base, but can they do it by themselves, ie become abank?

Posted by iafx > 2013-12-16 14:48 | Report Abuse

recent gm has mentioned several times m&a to be expected in 2014, a point which the ceo wants to make sure everyone heards it; but without review any clue

Posted by Jack Knight > 2013-12-16 15:15 | Report Abuse

from my previous experiences with various rights issues listing, usually they will support the price on the listing day. shouldnt worry too much if u are confident with the company's progress.

Posted by bowman > 2013-12-17 11:00 | Report Abuse

appreciate that, jack

Posted by kane > 2013-12-17 15:12 | Report Abuse

called hlb today, they will email those people with nominee accounts holding mbsb shares soon

Posted by lmseng > 2013-12-18 15:18 | Report Abuse

the counter will go ex on 23/12/13, so tomorrow is the last chance to be entitled to the rights

Posted by AhHuat888 > 2013-12-18 15:19 | Report Abuse

aiyo... going ex soon but no one go to push the price up...!!! sigh..

Posted by iafx > 2013-12-18 15:38 | Report Abuse

probably to encourage subscribe, current price is very attractive for mbsb roe and div indeed

Posted by TrendingBull > 2013-12-19 01:19 | Report Abuse

lmseng tomorrow last chance to be entitled meh? I tot 1 day before ex day also ok?

Posted by EKSH238 > 2013-12-19 10:14 | Report Abuse

SURE UP TO 2.79

Posted by AhHuat888 > 2013-12-19 14:35 | Report Abuse

tomolo last call!!! but still no one push the price up...

Posted by Eric8 > 2013-12-19 20:34 | Report Abuse

hi, new here. did your received the letter for application of right issue already? i am using hlb,what is the way they going sent to us?

Posted by AhHuat888 > 2013-12-19 20:41 | Report Abuse

not tat soon to receive the application form for right issue, usually after ex date and they send the application form to u via post. u may confirm with ur remisier.

Posted by Eric8 > 2013-12-19 20:44 | Report Abuse

thankx AhHuat888

Posted by Newbiebetta > 2013-12-19 21:23 | Report Abuse

top up more on tomorrow, see you guys on top =)

Posted by skyu > 2013-12-20 00:28 | Report Abuse

Bimb follow by mbsb.

Posted by TrendingBull > 2013-12-20 02:40 | Report Abuse

hopefully tomorrow price boom boom. then wait 2-3 months for the price to raise to its correct value 3.3 boom boom

Posted by allan88 > 2013-12-23 09:36 | Report Abuse

What is supposed to be the adjusted price ex today/post right?

Posted by member41 > 2013-12-23 09:37 | Report Abuse

someone calculated 2.3x… in prev pages

Posted by allan88 > 2013-12-23 09:44 | Report Abuse

Member41, thx. Saw that. So it seems not taken as positive here since price drop by now.

Posted by TonsilBasher > 2013-12-23 10:09 | Report Abuse

why price drop so much?????somebody please enlighten me

Posted by newboy > 2013-12-23 10:10 | Report Abuse

TonsilBasher......Its right issue.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1488697

Posted by TonsilBasher > 2013-12-23 10:29 | Report Abuse

thanks newboy. you mean right issue dilute the shares?

Posted by Newbiebetta > 2013-12-23 11:00 | Report Abuse

still cant find the right in my portfolio, when will it appear?

Posted by David Mor > 2013-12-23 11:14 | Report Abuse

guys if i buy in now will i still be able to get the right issue?

Posted by AhHuat888 > 2013-12-23 11:50 | Report Abuse

@Newbienetta, MBSB OR will be credited to ur trading account on 27 Dec
@David Mor, Last friday ex liao.. u missed the boat. However the current price still attractive to make the entry. :)

Posted by bowman > 2013-12-23 12:01 | Report Abuse

before the ex-date, you will.

Posted by mmtalents > 2013-12-23 12:39 | Report Abuse

how to acquire/subscribe the rights shares? can do online or need to fill up form and do payment manually?

Posted by AhHuat888 > 2013-12-23 13:39 | Report Abuse

@mmtalents, please confirm it with ur Remisier as different investment different practice...

Posted by Newbiebetta > 2013-12-23 14:22 | Report Abuse

Need some clarification, so does that mean to convert to mother share we need to pay RM2.34? Newbie here and not very clear on the calculation yet.

Posted by AhHuat888 > 2013-12-23 14:24 | Report Abuse

nope... u only need to pay RM1.65 per unit for the conversion.