Posted by qqq668 > 2014-01-03 15:46 | Report Abuse

it is not wise to sell yr OR, as it is trading at a discount, moreover the fund push down to collect, it made the OR cheaper. there is still 5 sen discount at depressed mother share. So just go ahead to subscribe the right issue

Posted by babu > 2014-01-03 16:03 | Report Abuse

@member41, you need to have standby another RM1.65 per share to subscribe for the amount of rights you've bought. good luck !

Posted by AhHuat888 > 2014-01-03 16:32 | Report Abuse

sell your OR buy Mother now lagi bagus.. no need go thru some messy procedure :P

Posted by Investwise > 2014-01-03 17:02 | Report Abuse

yalo.very messy.. but too late.. close market already.. haha...

Posted by dragonfruits > 2014-01-03 17:54 | Report Abuse

if no sell or and no paid 1.65, the or will vanish like this? then very rugi loh

Posted by hwtham > 2014-01-03 19:19 | Report Abuse

Wow... OR drops like SHXT!
These 2 days, OR traded volume is 18.3M, mother share traded volume is 39M.
1) OR + 1.65 is 6 sen cheaper that 2.17 at today closing price.
2) Supposed buy OR + 1.65 is more worthy than buying the mother share but why there are so many grabs on the mother share?
I thought I am smart by throwing all mother share and grab the OR to have 6 sens buffer...but I think i could have been become a FOOL as there must be a reason why people grab mother share by so much bigger volume and with higher price.
3) From the 6th to 29th, only the original mother share will be trading in the market. I really curious to see what will happen to learn something from this experience..OR could be MBSB will announce dividend reinvestment scheme during this period?

Posted by jasonpaul > 2014-01-03 21:11 | Report Abuse

hwtham....agree with u...I done same stupid thing with u....a lesson had been learn by me..

Posted by RickyC > 2014-01-03 22:32 | Report Abuse

price will be diluted according to number of rights exercised.

Posted by member41 > 2014-01-04 00:18 | Report Abuse

Babu: yup 45.5 + 1.65 = 2.105 per share after convert

Posted by hwtham > 2014-01-04 01:36 | Report Abuse

1) 0.46 +1.65 = 2.11

2) Before dilute; Share price = 2.70; EPS = 0.35 ; PE ratio = 7.7.
After right issue share listed, EPS will be diluted 0.35 x 2/3 = 0.24. Take same PE ratio 7.7, then 0.24x7.7 = 1.85.

3) Another one:
Current price 2.11, means before Ex price is [2.11 x 3 -1.65]/2 = 2.34. WOW, very cheap!!!

If you are analyst, which one to use ah? :)))

Posted by babu > 2014-01-04 12:33 | Report Abuse

@dragonfruits, if you do not do your acceptance and payment by 13 Jan 2014 at 5.00p.m. , then your Rights will be deemed to have been declined by you and will be cancelled. Such cancelled rights shares not taken up by you will then be alloted to applicants who have applied for excess rights beyond their own entitlements. Yes, it is stupid to be a Renouncee especially if you are one of those who bought the OR because of the "apparent" 6 sens instant gain vis a vis the then traded MBSB last done price.
@hwtham , just saw in company's announcement dated 3 Jan 2014 that their own MBSB's Principal Officers Dato Ahmad Zani Othman and Mr Tang Yow Sai both sold off their Rights shares 172,900 and 20,000 respectively on the last day of trading ! tsk tsk tsk , really ka na sai ! even their own principal officers who should know better than us all also don't want to exercise their rights, no wonder the huge sell down ! Come Monday onwards, who knows ??? But, for those who bought the ORs (such as @member41) even if you see the MBSB price rebound up towards the sky also no use, as you are "locked up" during the transistionary period i.e. you can only salivate and hope that the rebounded price stays around there and not collapse on you towards the RM 1.85 marker you mentioned when your MBSB shares are finally credited to your account only after 13 Jan 2014.

Posted by terrorbunny > 2014-01-04 20:10 | Report Abuse

Hi all, I had 1000 shares before Rights Issue so I have 500 ORs, as I am not in Malaysia for the considerable future I have no way of taking up my rights.

Can someone please give me some advise on how to sell my ORs using the Hong Leong online portal? Thank you!

Posted by dextronium > 2014-01-04 20:51 | Report Abuse

Dear terror bunny
I think the trading period is already over.
Either you convert them to share or let them go...

Posted by terrorbunny > 2014-01-04 21:26 | Report Abuse

Thank you both for replying, I would like to take up the options but I cant get my signature on the bank drafts which is what's preventing me from doing so.
Can I still sell off my rights on the 6th?

Posted by dextronium > 2014-01-04 22:50 | Report Abuse

From the notice of provisional allotment
entitlement date 26 dec 13
last date and time for sale of provisional allotment of right shares 3 Jan 14 5pm
last date and time for transfer of provisional allotment of right shares 8 jan 14 4pm
last date and time for acceptance and payment 13 jan 14 5pm
last date and time for excess application and payment 13 jan 14 5pm

Posted by babu > 2014-01-05 09:08 | Report Abuse

@terrorbunny 21:26 : answer is NO, you cannot sell your OR anymore as trading of OR already ended.

Posted by koyak71 > 2014-01-05 14:06 | Report Abuse

anyone can confirm.. structure warrant exercise prise also will be adjusted right ?

Posted by TrendingBull > 2014-01-06 04:44 | Report Abuse

When will my new shares be in my account after buying my right?

Posted by gark > 2014-01-06 13:45 | Report Abuse

Warrant price no adjust.. the no of units you hold adjusted by about 16% more

Posted by gark > 2014-01-06 13:47 | Report Abuse

Rights subscription announcement on 20/1 and listing of new MBSB shares on 29/1

Posted by nightshade > 2014-01-06 13:48 | Report Abuse

Posted by koyak71 > Jan 5, 2014 02:06 PM | Report Abuse

anyone can confirm.. structure warrant exercise prise also will be adjusted right ?

both exercise price & ratio will be adjusted accordingly. It will be announced by issuers

Posted by gark > 2014-01-06 14:42 | Report Abuse

no exercise price cannot be adjusted as it is already at par value. The number of unit will increase(if held before ex date). Already announced together with the 1.65 rights proposal.

Posted by koyak71 > 2014-01-06 17:17 | Report Abuse

Thanks nightshade

Posted by TrendingBull > 2014-01-07 07:42 | Report Abuse

@GARK wah gark.. are you a remiser so pin point your answers @_@

One more quest, Will? and if will, how long will mbsb mother take to reach back to price around rm3.5? (wakakaka)

This one is my long bet and long term share. Hopefully can grow up to a mini cimb/maybank or whatever

Posted by member41 > 2014-01-07 09:51 | Report Abuse

I don't think 3.5 so soon but holding long term is ok. Dividend still quite nice abt 5.4% per annum assuming their still maintain 12c

Posted by choonhock > 2014-01-07 11:00 | Report Abuse

I'd submit my form :)

Posted by bowman > 2014-01-07 13:32 | Report Abuse

trendingbull, it depends on whether the major shareholders want it to be a bank. I think they will this year - if property sector is on the rise, it will the the right thing to do. but again, who knows what will happen

Posted by ahdog99 > 2014-01-07 18:00 | Report Abuse

If i didn't get the mail sent by them but I have the shares,what can I do if I am intending to buy the right issue?Tell the broker to send me again or?

Posted by bowman > 2014-01-07 21:42 | Report Abuse

OR already in your acc. Just find out how many u entitled to buy.

Posted by yipgusing > 2014-01-07 22:14 | Report Abuse

i tot 2014 supposed to be tough year ? electricity hike, toll hike, no more subsidy for groceries, RPGT , GST coming soon ............ with all this price hike , i just cant believe those civil servant wont borrow more $$ from MBSB !!

By considering all this factor, MBSB biz still wont up in this coming years ???!!! Got ghost !!!

WHO DOES NOT AGREE WITH ME ... feel free to comment.

Thanks.

Posted by yipgusing > 2014-01-07 22:15 | Report Abuse

no1 foresee all this ? or i overlooked something ? or i m too optimistic ??

MBSB supposed to be a gem right ??? !!

Posted by ahdog99 > 2014-01-08 13:07 | Report Abuse

If QE is taperred, interest rate will be increased to attract FDI. Cost of borrowing will be higher, which will increase foreclosure(bad debt) and decrease the people who wants to borrow money.Won't it will affect the business?

Posted by bowman > 2014-01-08 13:26 | Report Abuse

Current prices reflects dilution by increased no of shares - via rights shares. does not reflect abatement of desire to borrow. If you look at it, RPGT affects speculation - there is still demand for houses and prices are still unrelenting. So your guess is as good as mine - and whether or not this counter will rise, only time will tell.

Posted by ahdog99 > 2014-01-08 13:39 | Report Abuse

But 17billion (if not mistaken) loan is for personal financing,so I think demand of house does not affect that significantly as house financing does not stand a major part of their loan business.I want to know what will affect the demand of personal loan. Could someone tell me that?

Posted by David Mor > 2014-01-08 16:54 | Report Abuse

hi guys i monitor this stock for quite long already bcos it give quite a good ang pau each year. Can i know that when is the date that everyone will receive their right issue share that they apply for 1.60 and when they can start trading the share?

Posted by Tan Wan Ting > 2014-01-09 22:06 | Report Abuse

http://www.allnewsau.com/news/mbsb-malaysia-building-society-bhd-important-relevant-dates-for-renounceable-rights

Date for cessation of trading of the rights 06/01/2014 Date for announcement of final subscription result and basis of allotment of excess Rights Securities 20/01/2014 Listing date of the Rights Securities 29/01/2014

Posted by TrendingBull > 2014-01-10 11:19 | Report Abuse

This stock ok ah? Can become like yinson? ask for right issue to expand.. after 1 year..... BOOM from rm2 to rm7... will MBSB be the same??

Posted by Ruhaizat Talib > 2014-01-11 15:51 | Report Abuse

Stock like MBSB cannot touch RM7,, because MBSB does not have quality like other investment bank and MBSB product itself is not to much in market, only selected goverment bodies and private sector can apply loan at MBSB,

Posted by TrendingBull > 2014-01-12 03:08 | Report Abuse

I think they can get alot alot of malay pinjaman. Its gonna soar high atleast tp 4.5 to 5. Long term holding with good dividend.

Posted by tchintat > 2014-01-13 14:03 | Report Abuse

if they merge with rhb, it will soar, and i think it is just matter of time they merge.EPF will initiate the merge, since epf holding 65% of mbsb and 45% of rhb. If not, it is still a good buy, with p/e of just 4.6, plus good dividend.

Posted by KowChye > 2014-01-13 15:03 | Report Abuse

enter at 2.20 and wait...MBSB to become a proper commercial bank, with the enlarge capital following the right issues at 1.65.

Posted by member41 > 2014-01-14 02:12 | Report Abuse

We wish to inform that Malaysia Building Society Berhad ("MBSB") has scheduled to release its' financial results for the fourth quarter ended 31 December 2013 on Tuesday, 28 January 2014 in accordance with Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 13 January 2014.

Posted by member41 > 2014-01-14 02:12 | Report Abuse

Wonder how the q4 result.

Posted by Vin Cullen > 2014-01-14 12:12 | Report Abuse

Less People buy property ~~ How to MBSB gonna work out ???
Once property down...Bank will follow for sure !

Posted by YiStock > 2014-01-14 12:16 | Report Abuse

Likely OPR rate hike in 2nd half of 2014 if inflation break 3.2% and deposit rate continue to decline. Interest income itself should add more profit to the bank book.

Posted by TonsilBasher > 2014-01-14 14:24 | Report Abuse

I have made payment to take up all the rights issued to me. How come to shares still not deposited to me after 13 Jan 2014 ? Anyone>

Posted by iafx > 2014-01-14 21:56 | Report Abuse

member41, that's the date before new shares r listed ;)

Posted by member41 > 2014-01-14 23:21 | Report Abuse

Wow iafx did you buy many OR?

Posted by iafx > 2014-01-14 23:28 | Report Abuse

WA instead ;)

Posted by choonhock > 2014-01-15 19:45 | Report Abuse

good sign. close in green.