Posted by Kranken X > 2017-05-18 11:21 | Report Abuse

x price 1.27?

Posted by abc333 > 2017-05-18 11:22 | Report Abuse

good time to buy C15 as the ex price will be adjust due to the rights issues.

Posted by BigDaddyCool > 2017-05-18 11:23 | Report Abuse

The issue price for the rights issue and the exercise price for the warrants will be determined at a later date based on a discount of not less than 20% and a premium of not less than 20% to the theoretical ex-rights price respectively.

Posted by BigDaddyCool > 2017-05-18 11:23 | Report Abuse

bleeding...

Posted by LuckyG > 2017-05-18 11:49 | Report Abuse

good luck guys i think might go lower tomorrow . tomorrow is friday leh

Posted by BigDaddyCool > 2017-05-18 11:50 | Report Abuse

on hourly chart bollinger band shows that it have break it lower trend line....this is really bad...

Posted by Flying Man > 2017-05-18 11:56 | Report Abuse

laosai 10% down because of Right Issue,

Posted by abc333 > 2017-05-18 12:17 | Report Abuse

when she hv high debts, you worry it cant take BM, Now RI to reduce debts. every one run. funny.

Posted by yinkee92 > 2017-05-18 12:17 | Report Abuse

tomorrow will drop further as global market is uncertainty mounted over us president donald trump's future. And Do Malaysia financial department has the ability to develop Bandar Malaysia by itself. As China do not want t dump the money into Bandar Malaysia.
One more, MRCB is cash call to raise RM2.17 billion to pay its debt.

"We downgrade from add to Hold as we fine tune the value of selected land banks. "" Said CIMB Research.

All of the about is not the good sign for MRCB. Be aware guys. Dont chase high.

Posted by yinkee92 > 2017-05-18 12:18 | Report Abuse

Almost 10% dropped by today. will further down by tomorrow as friday usually will go red. Global market uncertainty.

Posted by Sharesmaker > 2017-05-18 12:19 | Report Abuse

Continuously laosai...what is the best dicision?

Posted by Apollo Ang > 2017-05-18 12:20 | Report Abuse

the name already bad MRCheeBye....bye bye lo....haha

Posted by yinkee92 > 2017-05-18 12:20 | Report Abuse

warning sell

Posted by Sharesmaker > 2017-05-18 12:21 | Report Abuse

Continuously testing the lowest price, shall we cut loss and wait for the lowest?

Posted by yinkee92 > 2017-05-18 12:22 | Report Abuse

i cut loss already. Wait at RM1.30 by tomorrow

Posted by yinkee92 > 2017-05-18 12:22 | Report Abuse

it non-stop dropping

Posted by Sharesmaker > 2017-05-18 12:23 | Report Abuse

Final dicision...cut loss and wait for lowest to buy again

Posted by yinkee92 > 2017-05-18 12:23 | Report Abuse

bleeding like Anzo

Posted by yinkee92 > 2017-05-18 12:27 | Report Abuse

LEMBAGA TABUNG HAJI (a substantial shareholder) disposed 82,400 shares on 09-May-2017.
LEMBAGA TABUNG HAJI (a substantial shareholder) disposed 235,000 shares on 09-May-2017.
LEMBAGA TABUNG HAJI (a substantial shareholder) disposed 298,900 shares on 08-May-2017.
LEMBAGA TABUNG HAJI (a substantial shareholder) disposed 574,500 shares on 08-May-2017.
LEMBAGA TABUNG HAJI (a substantial shareholder) disposed 411,700 shares on 11-May-2017.
LEMBAGA TABUNG HAJI (a substantial shareholder) disposed 3,000,000 shares on 11-May-2017.
LEMBAGA TABUNG HAJI (a substantial shareholder) disposed 2,000,000 shares on 12-May-2017.
LEMBAGA TABUNG HAJI (a substantial shareholder) disposed 2,083,700 shares on 15-May-2017.

Posted by yinkee92 > 2017-05-18 12:28 | Report Abuse

starting from 10/5/2017 Lembaga tabung haji started to dispose its share to market

Posted by WM Niaga > 2017-05-18 12:29 | Report Abuse

Tomorow will rebound to 1.60+

Posted by yinkee92 > 2017-05-18 12:29 | Report Abuse

Our SOP based TP (25% discount) of RM1.25 implies an expensive FY18-19 P/E of 42x and 33x respectively.

Hong Leong Investment Bank Research - 18 May 2017

Posted by WM Niaga > 2017-05-18 12:30 | Report Abuse

MRCB got billions of project in hand. Its amatter of right issue only to raise up capital ma!

Posted by yinkee92 > 2017-05-18 12:44 | Report Abuse

Another Anzo in making. Useless counter

Posted by nikicheong > 2017-05-18 12:45 | Report Abuse

Rights issue always bad. Sell and buy lower or buy OR

Posted by Sharesmaker > 2017-05-18 13:03 | Report Abuse

More will drop in 1-2 weeks, sell and buy back at the lowest price, better than buy in...

Posted by SamuelLuke > 2017-05-18 13:08 | Report Abuse

fundamental is good bought a few tickets at 1.58, company consistently earning with internal project almost without competition. Just a matter of time to reach 1.89 a 10% discount price out of net asset value.

Posted by WM Niaga > 2017-05-18 13:16 | Report Abuse

its normal practice companies can call-off the proposal due to negative response. They will go for other alternative

Posted by sasword > 2017-05-18 13:57 |

Post removed.Why?

Posted by PenguinDad > 2017-05-18 13:59 | Report Abuse

If you are institutional then RI is not a good news but retailer would response differently with price dropping. Don't forget that MRCB is a GE14 stock.

Posted by confuse > 2017-05-18 14:00 | Report Abuse

If got RI how to bid for BM?

Posted by The One • > 2017-05-18 14:22 | Report Abuse

Definitely.. bcoz it will lower the EPS.. in this case by half due to 1 to 1 ratio.. hmm

- nikicheong "Rights issue always bad. Sell and buy lower or buy OR"

Posted by azim1590 > 2017-05-18 14:30 | Report Abuse

don't worry. negative news will bring individual and institutional to an opportunity for buy more. MRCB still have few months to decide. our side is to make a proper plan and strategy in order to generate more profit. happy trading guys!

Posted by WM Niaga > 2017-05-18 14:37 | Report Abuse

Thursday, 18 May 2017
MRCB's RM2.2bil cash call, EPF to help

by intan farhana zainul

image: http://www.thestar.com.my/~/media/online/2016/11/30/09/08/epf-logo2.ashx/?w=620&h=413&crop=1&hash=9689F444586C305A006B43B02939450308E62822
MRCB’s major shareholders, namely, the Employees Provident Fund (EPF) and Gapurna Sdn Bhd, have given their undertaking to subscribe for the full entitlement under the proposed rights issue and may apply for the excess. The EPF has a 33.5% stake in MRCB.

MRCB’s major shareholders, namely, the Employees Provident Fund (EPF) and Gapurna Sdn Bhd, have given their undertaking to subscribe for the full entitlement under the proposed rights issue and may apply for the excess. The EPF has a 33.5% stake in MRCB.

Read more at http://www.thestar.com.my/business/business-news/2017/05/18/mrcb-cash-call/#AO3UiYzVpKFhcJdI.99

Posted by SamuelLuke > 2017-05-18 14:47 | Report Abuse

Tambah...

Posted by edragon777 > 2017-05-18 14:48 | Report Abuse

what else to expect......lol...* note the last word from HL Investment bank research below...

Significant cash call. We regard the 1 for 1 rights issue to be relatively significant, doubling MRCB?s share base from 2,173m to 4,346m under the minimum case scenario (we analyse the minimum case scenario as the existing warrants are out of the money). Based on the indicative rights price of RM1.00 and the 5-day VWAP of RM1.5424, the theoretical ex rights price would be RM1.27.

Source: Hong Leong Investment Bank Research - 18 May 2017.

Posted by SamuelLuke > 2017-05-18 14:52 | Report Abuse

As illustration, assuming MRCB shares are at RM1.27 during the price fixing, the rights would be priced at about RM1 per share, while the warrants would be about RM1.60.

MRCB’s 576 million existing warrants, which expire in September next year, have an exercise price of RM2.30 per warrant.

Posted by SamuelLuke > 2017-05-18 14:53 | Report Abuse

or...it will move back up to 1.89.. why not?

Posted by kcwong > 2017-05-18 14:55 | Report Abuse

So good news or bad?

Posted by tlbeng > 2017-05-18 15:09 | Report Abuse

gap down & bearish engulfing, if it breaks 1.5, it will back to hibernation mode like the past few years

Posted by The One • > 2017-05-18 15:12 | Report Abuse

If you are having mom's shares.. then you can hold for future happenings. But what about the cash warrants? Hmm..

Posted by Kranken X > 2017-05-18 15:17 | Report Abuse

no coming back..got the feeling that they dont know how to create value out of their billions of projects

Posted by Mohd Fahmi Bin Jaes > 2017-05-18 15:17 | Report Abuse

sell

Posted by Leoleo > 2017-05-18 15:19 | Report Abuse

so big cash call. wanna reduce gearing to take up Bandar malaysia projects ?

can be roller coster tomorrow ? hehehe

Posted by kcwong > 2017-05-18 15:27 | Report Abuse

collect some at 1.54, waiting for rebound....

Posted by kcwong > 2017-05-18 15:28 | Report Abuse

ya tommorow might be news MRCB get cash for BM projects....;)

Posted by Leoleo > 2017-05-18 15:30 | Report Abuse

i believe the management knew they will have to take up more bandar malaysia project beside the transportation hub . thats why they have this cash call now .

if in coming months there is news saying MRCB bidding for bandar malaysia master developer.
it will go up up up

Posted by ruskymee > 2017-05-18 15:32 | Report Abuse

The clue is "BIG CASH CALL". These are the words very catchy coupled with to "REDUCE DEBTS". Meaning to make the financial statements look good to bid for "MEGA PROJECTS".???

Posted by Leoleo > 2017-05-18 15:35 | Report Abuse

government said iwcity can bid for bandar malaysia. do u think government will give back the master developer role to IWcity with better bid compare with previous agreement deal ?

this will look bad to the government. not honor the previous agreement and ask for a better deal from the same company.

The master developer role will definitely wont go back to iwcity. just my opinion. government must had negotiated with iwcity to give better deal before and failed . so they terminated the agreenment .

Posted by kcwong > 2017-05-18 15:41 | Report Abuse

many queuing at 1.540 / 1.550 now, more than selling as of now. Strong support. :P