MBf HOLDINGS BHD

KLSE (MYR): MBFHLDG (1236)

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Last Price

1.70

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


1 person likes this.

259 comment(s). Last comment by necro 2013-05-11 12:35

Posted by helmiputrajaya > 2012-03-23 10:43 | Report Abuse

bos.....sempat lg ka manaik ini bass

Abang Mat

1,496 posts

Posted by Abang Mat > 2012-05-23 11:34 | Report Abuse

harry up...

zack_liza

1,560 posts

Posted by zack_liza > 2012-05-23 11:44 | Report Abuse

try tunggu below RM0.12..good player ...yesterday low at RM0.075 and close at RM0.11. today high at RM0.165..

bell

31 posts

Posted by bell > 2012-07-04 15:52 | Report Abuse

why keep pressing down the price?

necro

4,726 posts

Posted by necro > 2012-07-18 17:54 | Report Abuse

Will be like TEB(TIME)....
i wonder why dont takeover...then change name to AMMBf...
hurmmmm...smell fishy!!

tsejuie

100 posts

Posted by tsejuie > 2012-07-18 18:07 | Report Abuse

Because they only bought MBF Cards, not the whole company.

necro

4,726 posts

Posted by necro > 2012-07-18 18:09 | Report Abuse

YES I noe...
said unlock to RM2++
but now only 1.7...
hurmmmm...u buy any?

tsejuie

100 posts

Posted by tsejuie > 2012-07-18 18:12 | Report Abuse

Bought and sold all already. It's not a share I want to hold long term. Still have some warrants which I'm hoping for another push up to dispose all.

necro

4,726 posts

Posted by necro > 2012-07-20 14:29 | Report Abuse

ohohoho...

necro

4,726 posts

Posted by necro > 2012-08-08 18:23 | Report Abuse

jual then jatuh mana???any opinion???

weiboy90

444 posts

Posted by weiboy90 > 2012-08-09 08:28 | Report Abuse

i saw newspaper stating that this company maybe will give out 30c special dividend. any comment about that?

90754248

104 posts

Posted by 90754248 > 2012-08-09 08:31 | Report Abuse

30c means RM300? if yes, say buy at RM1.09, returns 300/1090 = 27%, if this calculation is correct then it is really a good buy.

weiboy90

444 posts

Posted by weiboy90 > 2012-08-09 08:35 | Report Abuse

yes. 30c. the news is from guang ming newspaper.

Posted by Mikegeeseng > 2012-08-15 21:56 | Report Abuse

Today. 1.15...!tomorrow. Up…to rm 1.25!

weechin53

1,070 posts

Posted by weechin53 > 2012-08-17 14:21 | Report Abuse

slow slow wait!

euscilyn

592 posts

Posted by euscilyn > 2012-09-03 16:18 | Report Abuse

Do anyone know about the PDF submission on 30/8. Because my mom last time brought 1000units n become 50units what should we do about? pls advise.

grss

90 posts

Posted by grss > 2012-09-10 10:35 | Report Abuse

EGM this friday to vote for 30cent dividend... lets hang on to it

grss

90 posts

Posted by grss > 2012-09-13 11:35 | Report Abuse

1.10 already...going up some more today before tomorrow EGM!

grss

90 posts

Posted by grss > 2012-09-13 17:23 | Report Abuse

up by 0.05... wow! cant wait for tomorrow EGM voting..

Posted by Mikegeeseng > 2012-09-13 22:53 | Report Abuse

Yes…

grss

90 posts

Posted by grss > 2012-09-14 09:35 | Report Abuse

1.13 ady.. anyone knows what time EGM end? cant wait for it =)

grss

90 posts

Posted by grss > 2012-09-14 14:35 | Report Abuse

Wow... Break to 1.2. Apa tunggu lagi

juinming0304

1,161 posts

Posted by juinming0304 > 2012-09-14 14:44 | Report Abuse

what happens?

bell

31 posts

Posted by bell > 2012-09-14 14:59 | Report Abuse

Wow。。。

Posted by mikegeeseng > 2012-09-14 15:00 | Report Abuse

dividend 0.30- 0.60

necro

4,726 posts

Posted by necro > 2012-09-14 16:02 | Report Abuse

yahoo

Posted by Littleinvestor > 2012-09-15 17:31 | Report Abuse

By Kenanga Research
IN our scenario analysis, MBF Holding Bhd is offering an upside in range of 20% and 74% depending on its future corporate developments.

For the immediate term, the share price could have reflected the recent disposal. However, in our view, the stock could be rerated, should there is any capital repayment exercises going forward.

We think its recent proposed disposal of its card business is timely given that the business operates in a highly competitive market and MBF Cards have to compete with bank-backed card issuers. As MBF Cards depends on bank borrowings as well as debts raised through the capital market, its ability to continue to raise funds could prove to be increasingly challenging, causing the business to reach a bottleneck.

Meanwhile, in the absence of deposit-taking, its cost of funds would be generally higher. This could lead to it charging substantially higher rates than its peers. As such, we believe that the decision to dispose MBF Cards, which is a 100% subsidiary of the company, provides an opportunity for it to unlock the value of its investment in MBF Cards at an attractive valuation.

The proposed disposal is expected to result in a one-off gain of RM384mil for MBF based on the audited financial statements of its financial year ended Dec 31, 2011 (FY11). This translates into an additional book value per share of RM0.67 per share. At the current price of RM1, it will trade at a 60% discount to its adjusted book value of RM2.47.

We believe the current discount above is not justifiable as the existing MBF's market capitalisation of RM570.1mil would already be lesser than the total RM623mil cash to be received from the proposed sales of MBF Cards. That means that, with the current price, investors would be getting the remaining assets of MBF for free.

These assets could be worth as much as RM0.65 per share or more as our valuation only implies a 3.2 times FY10 over FY11 price-earnings ratio. Recall that MBF still has some businesses in Papua New Guinea as well as Fiji in the automotive, agriculture, retailing, property and shipping sectors.

Together with the total cash proceeds from the disposal of RM1.09 per share, MBF's valuation should be pegged at RM1.74, adding in fair value from other businesses, which implies a 74% upside from here.

Nonetheless, we believe the current existing price offers an upside of 20% by applying a holding company and cash company discounts of 40% to its adjusted book value. The discount rate of 40% is justifiable due to uncertainty over potential new asset injections and capital repayment.

In another scenario, if there is a capital repayment exercise, the share price should react positively and offers a good trading opportunity in our view. Based on our observations, the discounts between company value and share price will narrow should the plan of capital repayment is unveiled.

grss

90 posts

Posted by grss > 2012-09-18 09:05 | Report Abuse

looks like Tan Sri announced more than what was expected. Potential RM1 dividend in the coming 2 years! Definitely a stock worth watching for the next couple of months.... Interesting corporate development

grss

90 posts

Posted by grss > 2012-09-19 11:10 | Report Abuse

With reference to recent publications in various local dailies on the Company’s intention to list its automotive business undertaken by its subsidiary, Boroko Motors Limited (“Boroko Motors”) in Papua New Guinea (“PNG”), MBfH wishes to announce the following:-





The Board of Directors of MBfH is optimistic about the growth potential of its businesses in PNG and has identified the automobile business conducted by the Boroko Motors group of companies as the key driver of the MBfH group of companies going forward after the proposed disposal of MBF Cards (M’sia) Sdn Bhd to AMMB Holdings Berhad. The Directors are pursuing the listing of Boroko Motors on the Port Moresby Stock Exchange which is currently at a preliminary stage.





This announcement is dated 18 September 2012.

grss

90 posts

Posted by grss > 2012-09-19 11:11 | Report Abuse

another good news coming from this company.. after laying low for so long time, something to look ahead. Wait til around november for their Q announcement, and lets see if dividend of 40sen will be included..

Posted by Littleinvestor > 2012-09-19 16:06 | Report Abuse

MBF is coming!!!

grss

90 posts

Posted by grss > 2012-09-19 16:23 | Report Abuse

coming,but need to have patience. Dividend can only be given out when disposal of card business is completed. But since it is cash transaction, it is faster. Hoping to have goodies in November announcement of quarter results... hang on..

Posted by gary loh > 2012-11-21 10:29 | Report Abuse

i think the dividend is coming :)

kai8994

393 posts

Posted by kai8994 > 2012-11-26 18:44 | Report Abuse

MBf Holdings Berhad ("MBfH" or "the Company") wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had on 23 November 2012 rejected its application for a further extension of time of nine months from the date of completion of the proposed disposal by the MBfH Group of MBF Cards (M’sia) Sdn Bhd to AMMB Holdings Berhad (“Proposed Disposal”) to comply with the public shareholding spread. It is anticipated that the options available to make good the public shareholding spread are more feasible after the completion of the Proposed Disposal.

Dear all, any insight on this?

winwinwin

137 posts

Posted by winwinwin > 2012-11-26 22:15 | Report Abuse

Bursa getting tired :

MBf Holdings Berhad ("MBfH" or "the Company") wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had on 23 November 2012 rejected its application for a further extension of time of nine months from the date of completion of the proposed disposal by the MBfH Group of MBF Cards (M’sia) Sdn Bhd to AMMB Holdings Berhad (“Proposed Disposal”) to comply with the public shareholding spread. It is anticipated that the options available to make good the public shareholding spread are more feasible after the completion of the Proposed Disposal.

As the extension of time has not been granted, Bursa Securities may:-

a. Take or impose for a breach of paragraph 8.02(1) of the LR any type of action or penalty pursuant to paragraph 16.19 of the LR; and

b. Suspend trading in the securities of MBfH pursuant to paragraph 16.02 of the LR.

MBfH’s current public shareholding is 11.29% and its request for extension of time was to allow Tan Sri Datuk Dr Ninian Mogan Lourdenadin (“Tan Sri Mogan”) to place out his shares so as to enable MBfH to comply with the public shareholding spread requirement. Tan Sri Mogan has beneficial interest over 497,412,351 MBfH shares representing 86.14% of the issued and paid up share capital of MBfH, held through Tor Private Limited, Nadin Holdings Sdn Bhd, Impact Action Sdn Bhd and Market Share Investments Limited.


As of to date, the Company has yet to formulate a rectification plan. The Company is in discussions with an Investment Bank to advise on the rectification plan and will make the appropriate disclosures once such plans are firmed up.





This announcement is dated 26 November 2012.

sudahkena

1,804 posts

Posted by sudahkena > 2012-12-03 20:33 | Report Abuse

yes...it completed...

come....come...dividend

jtpc2006

984 posts

Posted by jtpc2006 > 2012-12-20 15:22 | Report Abuse

definitely dividend is coming ....

mikekong55

4,805 posts

Posted by mikekong55 > 2012-12-20 16:26 | Report Abuse

major shareholder having problem with the market 25% spread

mikekong55

4,805 posts

Posted by mikekong55 > 2013-01-02 20:15 | Report Abuse

what merger you are talking about????

beginner_1

291 posts

Posted by beginner_1 > 2013-01-08 15:11 | Report Abuse

when the divided going to annouce?

mikekong55

4,805 posts

Posted by mikekong55 > 2013-01-08 15:41 | Report Abuse

coming soon

beginner_1

291 posts

Posted by beginner_1 > 2013-01-08 16:35 | Report Abuse

how soon oh? will it push up the price?

Dylan1027

1,113 posts

Posted by Dylan1027 > 2013-01-08 17:26 | Report Abuse

i'm interested to know too :)

kelvintcg

257 posts

Posted by kelvintcg > 2013-01-09 17:51 | Report Abuse

February only mbf will announce the dividend when it announce the 4Q result.

kelvintcg

257 posts

Posted by kelvintcg > 2013-01-09 17:52 | Report Abuse

wait patiently for the big "durian runtuh".

trader66

206 posts

Posted by trader66 > 2013-01-14 22:53 | Report Abuse

Possible capital repayment plan of 40 cents will soon be announced soon

trader66

206 posts

Posted by trader66 > 2013-01-14 22:54 | Report Abuse

This will boost up its price movement. May consider to buy when its price dips down.

Titicamara

131 posts

Posted by Titicamara > 2013-01-14 22:59 | Report Abuse

How come dividends announced by GW plastic and kulim failed to boost up their price respectively?

necro

4,726 posts

Posted by necro > 2013-01-14 23:04 | Report Abuse

When kulim at rm4.3 the insider already goreng it to rm5,that already goreng ler

trader66

206 posts

Posted by trader66 > 2013-01-14 23:08 | Report Abuse

Yup,thanks to Necro for sharing

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