Posted by hwtham > 2014-04-04 12:29 | Report Abuse

After DRP, the share volume will increase again and will dilute Earning Per Share. I guess share price will not go up tremendously.
By subscribe the DRP with certain discount % and throw the mother share in open market if you want to take profit. Maybank is an example. Maybank also practice DRP.

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

Give you one similar case-- look at CIMB. The price was suppressed before the dividend entitlement date (with dividend reinvestment option), now look at how it inches up everyday

Posted by iafx > 2014-04-04 12:34 | Report Abuse

:D

Posted by aliyusof > 2014-04-04 15:35 | Report Abuse

Reading FY2013 report, EPS 37 cts does not include right issue (amt RM873.9 million, exercise completed in Jan 2014 only). Current share capital is RM2,621,797,777 vs RM 1 , 7 47 , 86 8,000 used to arrive at EPS 37 cts.

Posted by Investeye > 2014-04-05 12:44 | Report Abuse

Start to have an eye on MBSB as the price is stable recently and other counters have up a lot. The potential for this share is merger or take over by RHB, the risk is how the performance for the coming Q. For investment for long term, may provide an opportunity to accumulate at this price (below RM2.17).

Posted by hwtham > 2014-04-05 16:42 | Report Abuse

Thank you #aliyusof#.
In that case, Price: 2.17; EPS: 24.67 sen; P/E ratio: 8.8, very close to before right issue exercise last year. After the DRP, i guess the price should be around 2.30~2.40, which is about P/E 10; as it touched RM3+ level before the recent right issue.
Those who fully subscribed recent right issue share still having about 10% paper loss with current market price. If share price goes up to RM2.40, it only level the price before right issue. I guess those major shareholders hate to see red on their book.

If compare to similar business nature company like AEON CREDIT, MBSB's performance is far behind their competitor even backed up by government/EPF.

For me, the main reason to keep this share is as per #Investeye# view points. To expect MBSB to earn EPS like AEONCR in few years time is just too harsh on MBSB management.

Posted by bowman > 2014-04-07 09:14 | Report Abuse

It should just apply to be a bank

Posted by iafx > 2014-04-07 12:42 | Report Abuse

CS vol is (were) abnormal, either a "wayang" or insider knew something.

Posted by lai81533 > 2014-04-07 13:43 | Report Abuse

this counters on sideway and not move much in short term unless you want to buy and hold more than 9 months.

Posted by tom88 > 2014-04-07 15:52 | Report Abuse

Hi iafx....what is CS vol stand for? Could you pls advise full words for this short name. TQ.

Posted by iafx > 2014-04-07 17:04 | Report Abuse

becareful don't get lure, see mbsb-cs chart

Posted by sethoylo > 2014-04-08 17:12 | Report Abuse

y up? any news?

Posted by dragonfruits > 2014-04-08 20:07 | Report Abuse

Must up for correction a bit, coz sleep for so manay months

Posted by chaihuat > 2014-04-08 21:26 | Report Abuse

Have to go up to 2.40 to equal to 2.80 the price before right issue

Posted by member41 > 2014-04-08 22:14 | Report Abuse

Always go 225 then back to 216

Posted by nsk82 > 2014-04-09 09:52 | Report Abuse

2.27 now

Posted by 935win > 2014-04-09 10:06 | Report Abuse

This should be start run RHB give TP RM2.98.

Posted by 935win > 2014-04-09 10:21 | Report Abuse

today is strat run only,last few time up to RM2.22 start down but look 2.26 is strong the PE 5 only this is good counter......

Posted by 935win > 2014-04-09 10:32 | Report Abuse

announcements new issue

Posted by Gusen > 2014-04-09 11:27 | Report Abuse

brought @ 2.26

Posted by chaihuat > 2014-04-09 11:36 | Report Abuse

Better catch up and reward the shareholders. Those subscribed to the rights still losing money!

Posted by iafx > 2014-04-09 12:27 | Report Abuse

cs continues to vacuum'ed up

Posted by 2767max > 2014-04-09 15:04 | Report Abuse

Agm coming,dividend x date to be announced soon,in order to issue less share for the dividend reinvestment plan,market price must push higher ...so the vol n price start moving upwards.

Posted by bsngpg > 2014-04-09 15:39 | Report Abuse

Chaihuat(above) is right that the share price should better catch up as a reward to royal shareholders who supported the cash call(Right) by the company. We should be rewarded instead of penalized.

Posted by nsk82 > 2014-04-09 16:06 | Report Abuse

stuck at Rm 2.27 :(

Posted by member41 > 2014-04-09 19:41 | Report Abuse

haven't seen it above 230 for long time... need push

Posted by 2767max > 2014-04-09 22:35 | Report Abuse

tomorrow may reach 2.30 as now they started to push up the price by few cents a day due to AGM on 22 April is near by and after AGM,they have to announce the DRP x date.Hopefully by than the price will reach 2.50 n above.

Posted by bowman > 2014-04-10 06:57 | Report Abuse

what is DRP

Posted by tom88 > 2014-04-10 07:13 | Report Abuse

DRP = Dividend Reinvestment Plan

Posted by DaitoRyu > 2014-04-10 09:16 | Report Abuse

Who was waiting to get in at 2.15? No chance.

Posted by bowman > 2014-04-10 09:18 | Report Abuse

This is frustratingly a good counter.

Posted by 2767max > 2014-04-10 11:47 | Report Abuse

look at the price trend now,not much selling pressure on 2.27,hopefully can overcome this level and close at 2.30...a bit slow but steady to moving up

Posted by member41 > 2014-04-10 12:45 | Report Abuse

We already collect during rights. Now waiting push

Posted by Jason Lim > 2014-04-11 10:24 | Report Abuse

For the DRP, how does it work? Once chosen this option, does it mean that in future all the dividend I get will be reinvested? Can that option still be changed later?

Posted by eddiewgj > 2014-04-11 13:23 | Report Abuse

Sorry to ask, may i know what is Dividend Reinvestment Plan? Is it mean they give us a same value of shares instead of the cash?
Any pro and cons for the company and investor?

Posted by member41 > 2014-04-11 13:26 | Report Abuse

Eddiewgj read this.
http://en.wikipedia.org/wiki/Dividend_reinvestment_plan

Posted by 2767max > 2014-04-11 15:13 | Report Abuse

U are given the option whether to accept DRP or cash in future dividend distribution even this time u choose to accept DRP.
The normal pratices is DRP will take ave 5 days market closing price before x date,n will give u some discount maybe say 10% of the ave 5 days closing price before x date.So it means to say that DRP price will be cheaper than the market price,this is to reward the share holders who choose DRP.

Posted by member41 > 2014-04-15 13:25 | Report Abuse

MBSB creeping up slowly... better than nothing i guess.

Posted by TonsilBasher > 2014-04-16 10:15 | Report Abuse

very slowly...ehehe. i have called their HQ for hardcopy anual report but ater 2 weeks still no news.

Posted by ksng0307 > 2014-04-16 11:04 | Report Abuse

this counter still sleeping, bila mau bangun?

Posted by jepun_77 > 2014-04-16 14:35 | Report Abuse

slow & steady...up..up..up

Posted by dragonfruits > 2014-04-16 22:37 | Report Abuse

Esok hari dpt

Posted by RedEagle > 2014-04-16 22:53 | Report Abuse

22/4/14 AGM.. Buy 2 days before AGM.. The past trend shown price will up after AGM..

Posted by member41 > 2014-04-18 01:20 | Report Abuse

And 5c dividend coming

Posted by RedEagle > 2014-04-18 08:03 | Report Abuse

2 days trading before AGM.. wake up EPF.. buy buy..

Posted by hwtham > 2014-04-19 09:11 | Report Abuse

Be patient, for now until the ex-date of dividend still have 1 month+. Then, may be another month again to get the dividend.
AGM will announce the DRP discounted subscribe price and the ex-date. If the offer price is very attractive, then ppl will start accumulating the share until ex-date. Then, the price may goes up.

AGM will not boost the price unless there is a confirmation on very influential info..:)
Positive thinking...there is still a month time the price will creeping up for dividend:)

Posted by Huang > 2014-04-19 09:56 | Report Abuse

Hi hwtham : MBSB and MBB are two losers in my portfolio. Coincidentally, I saw your comments on both. Hopefully you have made some paper gain from both instead of the same case as me, entered at high price. I wish you great luck in investing.

Posted by RedEagle > 2014-04-19 21:49 | Report Abuse

be patient.. after AGM.. good backup by quarterly report..

Posted by iafx > 2014-04-20 10:59 | Report Abuse

cs continues to be very strong, bizarre...

Posted by hwtham > 2014-04-21 01:09 | Report Abuse

Nice to see you here. Yeah, i still encounter a bit of paper loss on this counter. The main reason is I took up all right issues. But now is ok, price rebounded and 5 cts dividend awaits me:)
Hope this share will doing well like AEONCR.