MBF boss said today that if they sell then they are going to sell above the book value & not cheap...it's in the papers today.And they are not short of bidder....go for it.
Wattants may go as far at 40+ cents if they sell MBF above their book value. Presently MFB NTA is at $1.73 cents....so you do your calculations please & you decide...cheers.
If they manage to sell it for RM570m it works out to RM1 per share. Just don't know whether they plan to distribute it to shareholders or keep it to fund their other businesses. Historically, the owner has tried to privatise it several times but failed.
Bro messi, the owner of MBF had announced yesterday that he was selling of MBF cards. It was bound to shoot up. There might be profit taking next week for the contra fellas before it shoots up again once more details emerge.
Everyone happy today with MBF & son. In fact I had been collecting 1 or 2 days earlier when they are much cheaper....they did mention that they want to hive of their credit card business a few days earlier & only yesterday THE STAR carry the story & then the rocket just shoots, hee, hee, hee
That's why I always say do your homework first as it pays in a long way.
Cheers & to those who miss the boat, better luck next time.Never mind if you miss today's boat as there will be other opportunities later if you care to look at it......cheers, have a wonderful weekend too.
MBf Holdings Berhad (“MBfH” or the “Company”) - Proposed disposal of 100% equity interest in MBF Cards (M’sia) Sdn Bhd to AMMB Holdings Berhad (“Proposed Disposal”)
i think 0.25 is a good collecting point .. MBF in coming days might test another spike, possibly heading towards 1.25 .. then mbf-wa will be 0.30 .. :)
TP achieved and passed. RM 0.30 .... :)) if next few days it doesn't surge, and volume is low can expect it another high .. :)) i've sold my holdings @ 29.5 ... now waiting to see if can collect lower :)
if down RM0.27-RM0.25 u can buy back..until this stock stable at RM0.30 above.. if mother down below RM1.00..beli la byk cikit. may be take over clear end this year..
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zack_liza
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Posted by zack_liza > 2012-05-08 16:55 | Report Abuse
good buy this stock..try buy at RM0.11.target price RM0.18 - RM0.25...mature next year.ex-price RM1.00.