I'm newbie to stock. Currently i'm having 500 shares of MBSB. With dividend of rm0.05. I will be entitled to rm25.
If i take DRP,i will get around 12 number of shares. Eventually my total MBSB share number will be 512, which is odd lot. Meaning, i can't sell them in future.
Anyone faced this before? Any advice or suggestion on this? Or just ignore the DRP plan. ><
quite a riskfree co.esp. the personal finance business.also the core equity cap ratio has improved significantly after the rights issue.financially sounder n more in line on with other banks ratio.more prudent n transparent,auger well for the futiure growth n propects.
what is the purpose of Tokyo roadshow ? think of it,i think the possibility is to bring in japanese fund,according to the news,the japanese was quite interested with the roadshow.If not mistaken,in M'sia for the banking sector, individual investor is not allow to hold more than 10% and institutional investor is not allow to hold more than 40% ,correct me if i m wrong.Thus,EPF need to reduce their holding in MBSB in order to get banking licence from BNM,so they may bring in japanese fund,if this is true,the share price of MBSB will have a bright future.By bring in Japanese fund also can help to improve MBSB operational standards,this will be one stone two birds strategy.
already 80% ready now but remaining 20% est to take 2 years, ada logic ke? it seems that the mgmt. is NOT expect any change, everything remains status quo unless EPF say so.
We refer to letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 23 April 2014 (Reference number: MM-140423-37347) on the following highlighted statements mentioned in the the abovementioned article which was published on the Edge Financial Daily Page 6 on Wednesday, 23 April 2014:- “MBSB says it is on right track to be a full-fledged bank.” “… MBSB is capable of being a standalone bank without any mergers and acquisition…” “… MBSB can be a stand alone full-fledged bank as it is already quite “clean and lean”, noting that a banking license is needed if the company wants to operate as a full-fledged bank.” We do not deny the abovesaid statements mentioned in the article. The statements should be read together with the rest of the article which states that any move towards becoming a bank will require approval from the shareholders and the authorities. We wish to inform that MBSB has been continuously raising its operational standards to close the gap between itself and that of a licensed financial institution. In this context, MBSB has already completed 80% of best industry practices and Bank Negara Malaysia (BNM) guidelines and will expect the balance 20% to be completed within the next 2 years.
As of todate, MBSB has yet to make an application to the authorities for a banking license. This announcement is dated 23 April 2014.
MBSB is too new in the market, its very hard to compete with so many other banks. When people look at the company logo, they will thought its the bank for mortgage only.
Mbsb has to improves their turnaround time for loan approval especially for mortgages.. By doing this then can compete with other banks.. Approval level must be at branch level.. Send the staff for training for credit etc.. They must be fully ready before applying banking license from bnm.. One day can become banks (more suitable if islamic bank).. And eat bank muamalat for instance to become a full fledge islamic bank.. Once have the can bring the investors from middle east to invest in mbsb..
Single-tier Final Dividend in respect of the financial year ended 31 December 2013 of 5.0 sen net per ordinary share of RM1.00 each in MBSB.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ] as from : [ 6 May 2014 ]
2) The last date of lodgement : [ 8 May 2014 ]
3) Date Payable : [ 5 June 2014 ]
Remarks :- On 28 January 2014, the Board of Directors ("Board") of Malaysia Building Society Berhad ("MBSB") announced its consolidated results for the financial period ended 31 December 2013 wherein the Board proposed a Single-Tier final dividend in respect of the financial year ended 31 December 2013 of 5% per ordinary share of RM1.00 each in MBSB ("MBSB Share").
The Board had also determined that the option to reinvest via the Dividend Reinvestment Plan ("DRP") shall apply to the entire portion of the proposed Single-Tier Final Dividend of 5% for the financial year ended 31 December 2013.
The shareholders will have the following options in respect of the electable portion:-
(a) elect to exercise the option to reinvest and thereby reinvest the entire electable portion or a part thereof at the issue price of the new MBSB shares ("DRP Price") and to receive cash for the remaining portion of the dividend (in the event that only part of the electable portion is reinvested); or
(b) elect not to exercise the option to reinvest and thereby receive their entire dividend entitlement wholly in cash.
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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....
RedEagle
3,194 posts
Posted by RedEagle > 2014-04-21 08:27 | Report Abuse
Become Bank? Merger? Loan Growth KPI? Share Price?