@regit, have confidence. Chances are MBSB price would be much higher than RM2.22 by April this year when notice of closure of dividend is issued. Towards the end of this month, MBSB will announce record profit for the whole of 2014. Given MBSB did not declare interim dividend for Financial Year 2014, the company may propose dividend of at least 10 sen. Just wait and be patient.
Dividend plus Dividend reinvestment again to shore up the paid up capital i.e. dividend converted to shares. As at 30 Sep 14 their PAT was RM622mln and for the full year could reach RM850mln which could take the distributable profit to RM500mln.....that is why I think there will be good dividend plus capitalisation to make the bank stronger and move towards their plan to become a full commercial Bank.
I think impossible the dividend to be given so much,they need to keep the capital to growth their bussiness,they made the right issue on 2012~2013 to expand their capital,the conservative will be 10 sens dividend to be given
Highly possible they wont pay dividend but will plough back into capital to increase Capital base and NTA. This case shareholders will get additional shares possibly. Otherwise the high NTA means that they are ready to apply for commercial banking licence. Also any new takeover will be based on higher NTA. This is a mid to long term investment that will bring handsome capital gains.
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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....
Joel
4,580 posts
Posted by Joel > 2015-01-17 11:06 | Report Abuse
MBSB got strong Revenue & Net Profit.
current price rm2.09超值得买入!