MBSB BERHAD

KLSE (MYR): MBSB (1171)

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Last Price

0.73

Today's Change

+0.01 (1.39%)

Day's Change

0.72 - 0.73

Trading Volume

883,600


30 people like this.

22,746 comment(s). Last comment by Yippy68 1 day ago

dextronium

282 posts

Posted by dextronium > 2013-12-23 14:25 | Report Abuse

Newbie, rm1.65 for every right issue to be converted to share.

gark

924 posts

Posted by gark > 2013-12-23 15:26 | Report Abuse

price now 2.32, rights 1.65.. difference 0.67 cents. OR should trade between 55-60 cents

Posted by TrendingBull > 2013-12-23 15:35 | Report Abuse

If exercise right issue. When get the new mother share. ?

gark

924 posts

Posted by gark > 2013-12-23 15:43 | Report Abuse

about 10-14 days will credit to CDS

Posted by TrendingBull > 2013-12-23 15:58 | Report Abuse

When last day to call remiser to buy rights? I use nominee act

gark

924 posts

Posted by gark > 2013-12-23 16:00 | Report Abuse

now.. those who wanna buy cheap rights press price down, those wanna sell rights push price up... fighting...

gark

924 posts

Posted by gark > 2013-12-23 16:02 | Report Abuse

Timeline

Trading for rights : 27/12 - 06/01.

Subscribing for rights : latest by 13/01 5pm

Listing date : 29/01

Posted by buffetthe2nd > 2013-12-23 16:04 | Report Abuse

with exercise right issue,this stock will be heading to south further

AhHuat888

1,007 posts

Posted by AhHuat888 > 2013-12-23 16:05 | Report Abuse

y u said so buffetthe2nd?

Posted by buffetthe2nd > 2013-12-23 16:06 | Report Abuse

mr.stupid told me so

AhHuat888

1,007 posts

Posted by AhHuat888 > 2013-12-23 16:11 | Report Abuse

ohh...mr.stupid told mr.retard... are u ??? hahaha

sook

49 posts

Posted by sook > 2013-12-23 16:20 | Report Abuse

Thanks gark & dextronium for the clarifications.

Posted by buffetthe2nd > 2013-12-23 16:31 | Report Abuse

wait n c

mmtalents

506 posts

Posted by mmtalents > 2013-12-23 16:55 | Report Abuse

next year will fly when M&A happen :P

AhHuat888

1,007 posts

Posted by AhHuat888 > 2013-12-23 16:55 | Report Abuse

next year? u talking about next week ? :P

choonhock

2,029 posts

Posted by choonhock > 2013-12-23 20:07 | Report Abuse

Please enlighten me. Would MBSB price adjusted after the right issue is listed on 29 Jan?

AhHuat888

1,007 posts

Posted by AhHuat888 > 2013-12-23 20:19 | Report Abuse

@choonhock,the adjustment is reflected after the exdate only if wont double adjust...

choonhock

2,029 posts

Posted by choonhock > 2013-12-23 21:00 | Report Abuse

Thank you @Ahhuat888. Another question, why today reference price is 2.34? I found that last Friday closing is 2.69. What is the calculation to get the 2.34?

Posted by Victorchan > 2013-12-23 21:40 | Report Abuse

(2.69x2)+1.65/3=2.34

choonhock

2,029 posts

Posted by choonhock > 2013-12-24 09:02 | Report Abuse

Thank you @Victorchan.

bowman

2,602 posts

Posted by bowman > 2013-12-24 11:49 | Report Abuse

Victorchan, when are they listing prospectus to buy the 1.65 rights? cant seem to find em on Bursa.

Posted by Victorchan > 2013-12-24 12:42 | Report Abuse

or will be trade on 27/12 friday to 6/1monday

gark

924 posts

Posted by gark > 2013-12-24 18:09 | Report Abuse

Rights now worth 68 cents... + 10% discount will be 60 cents

90754248

104 posts

Posted by 90754248 > 2013-12-24 18:17 | Report Abuse

It is worth to pick the rights?, thanks

gark

924 posts

Posted by gark > 2013-12-24 19:15 | Report Abuse

if can get below 60 cents and you have money to convert.. it is good earning.

bowman

2,602 posts

Posted by bowman > 2013-12-26 09:15 | Report Abuse

gark, dont understand - if existing shareholders before ex-date, they get to buy one right for rm1,65 if they have two. what if those who miss the ex-date to acuqire, buy rights? at 60sen? then the existing shareholders will be pissed big time cos rights will be cheaper like crazy

seongkeat

44 posts

Posted by seongkeat > 2013-12-26 09:18 | Report Abuse

Should I top up n buy in the rights? Or should I just let it go..? Mbsb seems sleeping now..

dextronium

282 posts

Posted by dextronium > 2013-12-26 09:45 | Report Abuse

Dear bowman
Right is given to us free and we pay 1.65 to convert to one unit of mbsb share. In open market one right is estimated to cost 68 sen.

gark

924 posts

Posted by gark > 2013-12-26 09:52 | Report Abuse

@bowman...you can choose to buy the rights at open market.

Rights is always have a small discount over mother, those that do not have capital to convert will sell and those with capital to convert will grab it at slight discount. This is how a free market works.

gark

924 posts

Posted by gark > 2013-12-26 09:59 | Report Abuse

on 27th the rights will hit limit up 31.5 sen, not much trading expected unless...

Mother falls 30 sens or some idiot start selling...

On Monday then we can only see how much the market price the rights. I expect it to be traded at 58-62 cents.

IF you manage to grab at 60 cents, you get 8 sen FOC for every share convert, that is 2.5% free money and only takes 1 week to convert. This is how stock arbitrage works. I also expect large holders to shore up the mother share when listed, to build confidence on OR price.

gark

924 posts

Posted by gark > 2013-12-26 10:00 | Report Abuse

Anyway tomorrow morning I will queue 1K lots at 31 sen to see if got any idiot sell to me. :D

member41

3,718 posts

Posted by member41 > 2013-12-26 10:05 | Report Abuse

Gark I will follow u buy excess rights haha

AhHuat888

1,007 posts

Posted by AhHuat888 > 2013-12-26 10:09 | Report Abuse

haha..@0.30? i will Q@0.40 then..

AhHuat888

1,007 posts

Posted by AhHuat888 > 2013-12-26 10:13 | Report Abuse

haha..oh well... Monday then :)

gark

924 posts

Posted by gark > 2013-12-26 10:13 | Report Abuse

tomorrow cannot queue higher than 31 sens and second session 31.5 sen... cause already limit up. :P

Monday can lah...

bowman

2,602 posts

Posted by bowman > 2013-12-26 11:16 | Report Abuse

Thanks gark, appreciate that

bowman

2,602 posts

Posted by bowman > 2013-12-26 11:33 | Report Abuse

dextronium, so for existing shareholders with two lots of MBSB, they only pay 1.65 to convert to one share. Otherwise, those who dont, then buy rights from market at its fair value, and pay 1.65 to own one mbsb? in either case, the shares will be diluted in value, as i see it.

bowman

2,602 posts

Posted by bowman > 2013-12-26 11:34 | Report Abuse

gark, that's an interesting proposition - but if someone who doesnt need the money, and has many rights, he may be selling it just for the heck of it.. hahah

dextronium

282 posts

Posted by dextronium > 2013-12-26 13:40 | Report Abuse

dear bowman
you are right to say that shares and eps will be diluted for the time being...

member41

3,718 posts

Posted by member41 > 2013-12-26 13:50 | Report Abuse

Confirm diluted so if u don't participate... Lose out

member41

3,718 posts

Posted by member41 > 2013-12-26 13:50 | Report Abuse

For existing shareholders I mean.

eddiewgj

34 posts

Posted by eddiewgj > 2013-12-26 13:58 | Report Abuse

can anyone explain how i am going to buy the right issue to me? am i paying 1.65 without additional? i have to queue?
sorry ... tis is my first time, getting confuse now ...

member41

3,718 posts

Posted by member41 > 2013-12-26 14:00 | Report Abuse

Eddie r u existing shareholder of Mbsb

dextronium

282 posts

Posted by dextronium > 2013-12-26 14:03 | Report Abuse

dear eddie
if you are an existing shareholder, you will be offered the subscription of right issues. You have to pay RM1.65 to convert every right issue to become MBSB share. But if you are not an existing shareholder, the right issues will be on market from tomorrow. Thanks.

Posted by Suzy Kadim > 2013-12-26 14:15 | Report Abuse

hai,new here...i have few lots share in mbsb..any idea when the price will be up again?? though of sellin' it...

member41

3,718 posts

Posted by member41 > 2013-12-26 14:17 | Report Abuse

Suzy will take a while to up. Should sell it before it went ex rights

Posted by Suzy Kadim > 2013-12-26 14:42 | Report Abuse

i should..hope somethin' change tmmrow.. will sell my rights issue next week if the price goin up... tq anyway..

eddiewgj

34 posts

Posted by eddiewgj > 2013-12-26 15:43 | Report Abuse

member41 : i am existing shareholder of MBSB
dextronium : thanks for the explaination, but where i need to subscribe the right issue?

dextronium

282 posts

Posted by dextronium > 2013-12-26 15:56 | Report Abuse

Which account are you holding? Cds or nominee, eddie?

eddiewgj

34 posts

Posted by eddiewgj > 2013-12-26 16:06 | Report Abuse

dextronium : i am holding CDS account.

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