Dispatch date: -trading of rights start on: 27/12/2013 (today) -trading of rights end on: 06/01/2014
Last day and time for: - Sale of provisional allotment of right: 03/01/2014 - transfer of provisional allotment of right: 08/01/2014 - acceptance and payment: 13/01/2014 -excess share application and payment: 13/01/2014
Dont mistaken... MBSB split at RM2.69 to RM2.29 ~ The current price is RM2.21 ~(+0.40sen before split) Should be RM2.61... For me ..Not that cheap enough...
If calculate backward,( 2.21x3-1.65)/2=rm2.49 From before split at rm2.69 drop to rm2.49 about rm0.20 due to dilute of share! so, it is an opportunity to accumulate at low. Of course it is never very cheapest present market.
@member41, I found this "ACCEPTANCE OF RIGHTS SHARES AND EXCESS RIGHTS SHARES APPLICATION" in the form. That's mean I can apply for excess rights shares instead of buy directly from market. Am I right?
Folks, MBSB-OR at 0.525, conversion is at RM1.65, total OR + conversion= 2.175. MBSB mother share now is 2.22. So if you buy MBSB-OR and convert to mother share you made 4.5sen instantly.
@lmseng, don't mind I point out that this 4.5 sens "instantly" is no guarantee one ! Where "they" got so good to let you untung 4.5 sens so easily ! The reason is of course that once you buy the MBSB-OR at 0.525 you are "locked" got no chance to escape as the last trading day for the OR is on Mon 3rd Jan 2014. It is all well and good if the mother share MBSB can maintain at 2.22 or higher after 3 Jan 2014 - but what if ??? after this the mother share MBSB keeps dropping to below 2.17 ? You cannot say don't pay the RM1.65 and forget it - otherwise your purchased MBSB-OR becomes null and void ! In short,in worse case you stand to lose 52.5 sens for an uncertain gain of 4.5 sens.
@ gark, the last day of trdong MBSB-OR is indeed this Friday 3rd Jan 2014. I just relooked at the Abridged Prospectus dated 26 Dec 2013 and it says "Last date and time for the Sale of Provisional Allotment of Rights Shares is Friday, 3 January 2014 at 5.00 p.m."
i had download the form from bursa website, at the alloted shares space, how do i fill in the unit i have? I am holding 700 unit mbsb, is it alloted 300 unit OR?
it is the setem cukai..need clarification from others i used to have some warrants given previously as odd units (20 units) as well, so i think we may get the odd 50 units in this case.
@eddiewgj, goto post office and ask for stamp cukai will do...and for the half lot(50units)they still will credit to ur account...but if u want to sell tat 50units and due to system limitation (keyin based on lot no), u have to call up ur remisier to do the transaction for you.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AhHuat888
1,007 posts
Posted by AhHuat888 > 2013-12-27 14:48 | Report Abuse
lol..iafx...any impact tat EPF to hold 2 banks?