Kakashi and Cipapo, it is official already that the merger is aborted. Yesterday and today very relief. Now very panic. Tomorrow what to do? Syndicates were true insiders.
Yes.. Don't worry... The current price already factor in the non merger news since yesterday...now is even before pre-merger negotiation price...buy more tomorrow
Yup...tomoro grab the panic sellers...remember this non merger need is not new considering the leaked insider news... Yesterday already oversold... Why throw away an under value stock at cheap price!
...it is good for mbsb not to merge now also because cimb loan exposure in Indonesia and oil n gas will impact mbsb earnings...thus....for now let's wait for the Quarter 4-2014 announcement and huattt....
Wah..not everyone calling "The Edge" a reliable source. LMAO~~ Investors, you all talk just for your own benefits... Some even claimed CIMB "confirmed" the deal....LOL.... Can you be pro a bit huh??? LOL Laugh die me...
no way epf can vote. no way Aabar agree to Ah Jib's bros proposal & price. malaysian always love to low-balling. u can see so many lowyat ppl low-balling. he learn there moral of story. go fly kite in langkawi if u low-ball on merger
+ want to cheat Bursa rule & reg. mana boleh? u think u dr. m kah?
It is very clear that this merger is a NO GO NOW. WHY? CIMB latest EPS is down RHB latest EPS is UP Merger will be ON again when CIMB EPS is UP and much better than RHB EPS....hmmm..just wondering...what will be RHB EPS in 2015 or 2016?? Any big provisions for RHB???? What will be CIMB EPS in 2015 or 2016??? Between MBB, CIMB and RHB, who will make the biggest provisions that will depress the EPS in 2015 and 2016????
Meanwhile MBSB will continue to deliver consistent EPS of 28 to 30 (possibly higher) cents per share and provide a dividend of 13 cents to 15 cents per share for a good no of years. At current price of 2.16 the future DY will range from 6% to 7%...much better than FD rate!!! So do you want to place money in FD or buy MBSB?????
Had the merger carried out MBSB shareholders can get RM2.82. Now this chance finished. So Edge news are reliable. RM2 and lower is possible in current poor economic situation.
If MBSB can deliver much better EPS and Dividend payout in future years and if similar merger proposition crops up again in future, there is a strong possibility that the cash offer will be much higher than RM 2.82!!!
With current depressed stock and economic market conditions, price of mbsb is surely attractive to pick up for medium and long term keep. Meanwhile, dividend yield is much better than FD while waiting for market to improve and good news to emerge in the future. Not for short or immediate trading gains as i see it.
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....
jacklintan
1,722 posts
Posted by jacklintan > 2015-01-14 19:10 | Report Abuse
Oohh, looks like it's true...