The GST coupled with the weaker ringgit will work more to the benefit of local industries even as it poses a strain on consumer pockets. Essentially a higher portion of a higher income group will be removed to seek more alternatives in the local market or alternatives with higher local content. I expect this 6% to help the Malaysian economy more. There will essentially be less exotic choices but no less choices. This will impact the local banking industry positively.
ini counter..... haha. beli bubuh sampai bila? DRS pun x tahu mana pi. Kita pelabur rugi banyak ni. Waste our time + money to wait for the Dividen/DRS.
What is MBSB management doing? In 4Q report ending 31 Dec 2014 posted in Bursar Malaysia, has proposed dividend of 12 sen. Until today, no Notice of Closure?
when is the AGM? may be they wait like BIMB... keep the momentum.. We refer to our announcement dated 16 February 2015 in relation to the proposed Single-Tier Final Dividend of 10% (10.0 sen net per Ordinary Share) and the proposed Single-Tier Special Dividend of 2% (2.0 sen net per Ordinary Share) for the financial year ended 31 December 2014. Based on the issued and paid up share capital of 2,711,277,000 ordinary shares of RM1.00 each as at 6 February 2015, the final and special dividend payable would be approximately RM325.353 million.
The Board of Directors has 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 10% and the proposed Single-Tier Special Dividend of 2% for the financial year ended 31 December 2014. The approval for the proposed Single-Tier Final Dividend of 10% and the proposed Single-Tier Special Dividend of 2% will be sought at the coming Annual General Meeting.
Under DRP, 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 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.
There will be no brokerage fees and other related transaction costs payable by shareholders on the new MBSB shares allotted pursuant to the DRP.
The Books Closure date in respect of the proposed Single-Tier Final Dividend and the proposed Single-Tier Special Dividend will be announced after the Annual General Meeting.
i wait until feel sleepy. btw, there is expert saying the market might have some jerk on Apr when GST starts implementations... may be already start last week... see fbmklci... may be mbsb and bimb take caution on these factors... all sent to nap!
I guess the management hopes more people will buy MBSB shares during this 'waiting' to push up the price. To me, corporate gimmick like this only show an indecisive, inefficient management.
mbsb last year agm was in april btw, fomc has meeting on 17-18 march so this few days market sentiment could be very bad hope mbsb will not be affected
MBSB Keep issuing ESOS which diluted the share book value. This is one of the reason the share price stay stagnant. In January the outstanding shares was 2711.1 Millions. Today the number of outstanding shares increase to 2712.3 Millions. Increase by 1.2 mil shares in 2 months.
Itu kahwin susah la...... fikir saya tak serupa bikin saya....cash out from this counter with small lose.... this year will be a difficult year for banking industry ...not because of tak ada profit ...is profit growth tak banyak banyak.... Net profit (Example) 2013 (200 million) 2014 (+1 billion) YESSSSSS ada future. 2015 (+1 billion) OHHH no market very bad. 2016 ( +1.2 billion) OHHH no market very bad. 2017 (+20billion ) Yessss ada future.
Looks like there is concerted effort to keep MBSB prices on the low side steadily, this could be due to DRP whereby they have to fix the price on the basis of average price for the last 5 trading days after adjusting for the declared dividend. My guess, say they target 5 trading days in April, average price is say 2.20, so the DRP price may be 2.20 less0.12(Div.) less upto 10% discount. Based on this the DRP price at max.10% disc. will be 1.872. In summary it is better for the price to remain low until the DRP price is fixed.
Sell 3 share to bring down warrants. Got people sell to you? Why 2.17 cannot just dumped all the share to 2.16, some more got people sell 1 share? Hold. Major shareholder collecting. Big enough to do that. I buy at 2.10 Come on...
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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....
iTelex6
580 posts
Posted by iTelex6 > 2015-03-08 13:17 | Report Abuse
The weak ringgit will work to the benefit of local products. Expect local cars to do better. Air travel will be more expensive. Etc2.