Posted by dextronium > 2013-12-26 16:46 | Report Abuse

Mbsb will send us the form soon as told by my remiser.

Posted by eddiewgj > 2013-12-26 16:51 | Report Abuse

dextronium : so do we need to buy that mbsb in tomorrow listing? what is that?

Posted by dextronium > 2013-12-26 16:55 | Report Abuse

For what I know if we wish to convert the right to share we have to send back the form with bank draft before the dateline.

Posted by member41 > 2013-12-26 18:50 | Report Abuse

Eddie just reply the form whether u want to take up your share of rights and attach your payment. If u want to buy MORE rights u can buy from tomorrow MBSB-OR

Posted by eddiewgj > 2013-12-26 19:53 | Report Abuse

member41 : the price for mbsb-or also 1.65?

Posted by dextronium > 2013-12-26 20:08 | Report Abuse

No. RM1.65 is the cost we have to pay to convert one unit of right to become MBSB share.

Posted by Kutty123 > 2013-12-26 20:11 | Report Abuse

how many units of mbsb-or are needed to convert to mother share?

Posted by dextronium > 2013-12-26 20:14 | Report Abuse

from what i know is one right one share..please correct me if i am wrong.

Posted by Kutty123 > 2013-12-26 20:20 | Report Abuse

if tomorrow only buy mbsb-or, how many units of or use to convert to mother?

Posted by member41 > 2013-12-26 21:20 | Report Abuse

Eddie: yup like dex said u pay OR + $1.65 to convert to the mum. The lower the OR the better.

Posted by Suzy Kadim > 2013-12-27 09:11 | Report Abuse

the price drop again...

Posted by Chia Wei Jian > 2013-12-27 09:15 | Report Abuse

Debt to equity ratio is 2.20+ :/ hope gov new policy x give much impacts.

Posted by Investwise > 2013-12-27 09:47 | Report Abuse

sell the OR or subscribe the WA better? =.=

Posted by AhHuat888 > 2013-12-27 09:49 | Report Abuse

HAHA..investwise, WA no vol..

Posted by gark > 2013-12-27 09:50 | Report Abuse

the mother is being pushed down so they can get the OR cheaper..

Posted by AhHuat888 > 2013-12-27 09:54 | Report Abuse

Gark, ur 0.310 seems tak jadi.

Posted by AhHuat888 > 2013-12-27 09:56 | Report Abuse

sigh...paper lost few hundred now..tot ppls will push up the price some how none

Posted by gark > 2013-12-27 10:03 | Report Abuse

hahaha ya my mistake..

Posted by gark > 2013-12-27 10:03 | Report Abuse

first day of trading only mah...

Posted by AhHuat888 > 2013-12-27 10:06 | Report Abuse

from announcement of right issue until now OR listed still downtrend..
Sigh!!!...need to keep it inside the freezer and take out half more yr...

Posted by gark > 2013-12-27 10:18 | Report Abuse

good fundamentals..i am subscribing the OR and excess rights..

Posted by AhHuat888 > 2013-12-27 10:19 | Report Abuse

agreed with u gark... this counter is for longterm :)

Posted by Chia Wei Jian > 2013-12-27 10:38 | Report Abuse

long term counter, they are changing their business model slowly through this rights issues.

Posted by skl_81 > 2013-12-27 10:46 | Report Abuse

why they sell MBSB-OR no good? or any problem?

Posted by AhHuat888 > 2013-12-27 10:58 | Report Abuse

maybe they no money to convert!!! hehe just my reckon la..

Posted by iafx > 2013-12-27 11:10 | Report Abuse

a day like this still cannot come up, sigh!

Posted by AhHuat888 > 2013-12-27 11:16 | Report Abuse

holding power play a role now!!!

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

Malaysian like free lunch.. no one want to top up money.. LOL

Posted by AhHuat888 > 2013-12-27 11:29 | Report Abuse

Haiz..MBSB too stingy la..should free warrant ma...see KPJ-OR today up almost double nie.... sigh....

Posted by iafx > 2013-12-27 11:29 | Report Abuse

MBSB-WA is the best talking about holding this one :)

Posted by iafx > 2013-12-27 11:30 | Report Abuse

ahhuat didi, fyi, yr calculation at kpj thread is incorrect, that y the price goes up double :)

Posted by AhHuat888 > 2013-12-27 11:31 | Report Abuse

=.= really ar? so wat is the correct one ar iafx gor gor?

Posted by AhHuat888 > 2013-12-27 11:32 | Report Abuse

i refer to their RSF Form nie... conversion is RM2.80 per share nie..

Posted by iafx > 2013-12-27 11:32 | Report Abuse

should consult auntie first? LOL

Posted by AhHuat888 > 2013-12-27 11:33 | Report Abuse

hehe...aiyo... so auntie iafx, wat is the correct one?

Posted by iafx > 2013-12-27 11:34 | Report Abuse

hahahaaa... wrong auntie! hahahahaaaa....

Posted by AhHuat888 > 2013-12-27 11:37 | Report Abuse

ha...am doubt :P

Posted by bowman > 2013-12-27 11:57 | Report Abuse

I think this bugger is on the way to become a bank. It has all the ingredients to be one, with good loan customer base and project financing. . if indeed it becomes a bank, then current prices are pretty affordable - any taikos can elaborate on this, as discussion?

Posted by iafx > 2013-12-27 12:38 | Report Abuse

normally to ask for $ u first tell ppl what u wanna do, but mbsb is doing the opposite... mbsb is not short of $ but it called for right, market is not impressed, esp after buying new office block. some guess the actual purpose of the $ is to do acquisition, no clue yet which co. mbsb is going after, but with this right executed the plan has started.

Posted by member41 > 2013-12-27 13:11 | Report Abuse

Believe in MBSB. Buy more OR :)

Posted by choonhock > 2013-12-27 13:14 | Report Abuse

@member41, so many bullet :p

Posted by TonsilBasher > 2013-12-27 13:17 | Report Abuse

Just submitted my payment .yipieeeeee.........

Posted by gark > 2013-12-27 13:49 | Report Abuse

MBSB needs the $$$ to park at accounts and lower the CAR (Capital Adequacy Ratio), a requirement before it can even be considered for banking status by BNM.

Posted by gark > 2013-12-27 13:50 | Report Abuse

Capital adequacy ratio is the ratio which determines the bank's capacity to meet the time liabilities and other risks such as credit risk, operational risk etc. In the most simple formulation, a bank's capital is the "cushion" for potential losses, and protects the bank's depositors and other lenders. Banking regulators in most countries define and monitor CAR to protect depositors, thereby maintaining confidence in the banking system.[1]

CAR is similar to leverage; in the most basic formulation, it is comparable to the inverse of debt-to-equity leverage formulations (although CAR uses equity over assets instead of debt-to-equity; since assets are by definition equal to debt plus equity, a transformation is required). Unlike traditional leverage, however, CAR recognizes that assets can have different levels of risk.

Posted by gark > 2013-12-27 13:54 | Report Abuse

Current MBSB CAR% is below the required minimum 8% to be recognized as 'bank' by BNM. Other Malaysian banks have range of between 12%-15%

The $ raised from rights will not go anywhere, will just be deposit (earn interest) to increase capital and treated as Tier 1 capital...

Posted by gark > 2013-12-27 13:56 | Report Abuse

With higher capital.. and a comfortable CAR%, MBSB can then apply for banking license AND increase loan distributed.

Posted by gark > 2013-12-27 14:00 | Report Abuse

For those interested to see BNM technical CAR% requirements can see from this link...

http://www.bnm.gov.my/guidelines/01_banking/01_capital_adequacy/gl_11_capital_adequacy_framework.pdf

Posted by gark > 2013-12-27 14:04 | Report Abuse

Failure to maintain the CAR% ratio, you can lose your banking license.. so this is the most important ratio for any banks in the world...

Posted by AhHuat888 > 2013-12-27 14:09 | Report Abuse

Thanks Gark, very informative...

Posted by iafx > 2013-12-27 14:45 | Report Abuse

with this guess the final question is EPF to hold 2 banks?! well, anything can happen :D