I am long term investor too as this is a good takeover target and secondly it has good potential to turn into a commercial bank. I am a small investor with less than 150K shares.
Look at other counter .......war until dunno who is mother at least here the management team recently trying to make some changes....remember they are Along with licences ....how I wish I can open a legal bank.......crisis??? Increase interest lo...
Who can deny MBSB and BIMB can form synergy in niche Islamic banking?....I think this marriage will go smoothly compare to previous RHB+CIMB+MBSB merger....and MBSB need to tap into BIMB deposit bank while BIMB need MBSB into corporate business....a perfect marriage and this time EPF and LTH definitely into win-win situation..... :)
How much price bimb will give to mbsb shareholder to let this marriage success? May b it is as low as rm 2.40. Then i will object to this merge. Rm 2.82.? It would b difficult for bimb to give us.
The deal was not a secret. Bank Islam has been looking to grow through M&A for the longest time. But the option they have are banks or financial institution that are smaller than themselves. It's logic. So just consider how many smaller banks in Malaysia which BIMB can acquired?
I have mentioned a while back, MBSB is a target M&A and previous RHB/CIMB offer price set how much MBSB should worth. Now if you are management and shareholders of MBSB which receive RM2.82 as offer price, do you think any offer lower than that is acceptable? Think about it. Once you go black, you can't go back. This is especially through when operationally it was better than before. Forget about macro because every single banks in malaysia will be affected.
This news is not a rumor. It's work in progress. All we need to do is stay invested and wait for the offer price.
didn't mbsb boss already hinted to you all..but nobody believe.. all trust the liars in the research fund house.. guess who is laughing now.. bad asset quality worrr.....most customers are govt servants that do direct deduction from account for loan payments...sorrrhai
I would rather opt for share swap than cash payout if this merger materialize...majority shareholder of MBSB is EPF and BIMB is LTH...so share swap sounds more on the card... :)
No wonder BIMB is asking for an extention in their 4Q report? Probably needs more time to massage & finetune the financial accounts ending 31 Dec 2014 on a high note thus gaining better leverage?
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....
Icon8888
18,659 posts
Posted by Icon8888 > 2015-02-26 20:30 | Report Abuse
If u r long term investor, you can't lose