Once RI is completed and fix, we would have a clearer view on MRCB. For now, it should hover around this price until the RI is fixed. Business is good, new projects and lands acquisition. Not to mention EPF and tabung haji investment into MRCB. Everything is towards a better financial for MRCB.
The main reason for MRCB price to drop this much is due to the RI, nothing more and nothing less. Tomorrow is the EGM. Finally the wait is over after 2.5 month since the announcement in mid May. Hopefully RI can be completed by mid August and MRCB can move forward after that.
ya, AdCool is right, the RI is to reduce the gearing to nearly zero under the so call MRCB new management who took over 2/3 years back only...the debt or poor management was due to the old management...now everything looking good...hopefully after RI will be better view.
Basing on ALL the Technical Price Charts- Moving Average(MA),Moving Average Convergence Divergence(MACD),Relative Strength Index(RSI) the price downwards has still room to move further down.Counter presently caught in the bearishness mode. 2.Expect the bearishness to persist towards the ex-date of the Right Issues(RI). 3.Maybe will collect only after one month of the completion of the right issue.
Outcome: Why buy now,when one can collect cheaper later on.Positioning in the market to optimise on one capital gains.But be careful the property market is forecast to be weak the next six months ahead.That going by yesterday news report.
Whoa! MRCB is now very cheap! At Rm1.26 it is now selling below Insider buying price and ESOS.
If Govt saves Felda people even though there are corrupt leaders how much more will Govt save Mrcb for doing National Service by buying up Bukit Jalil Stadium
Wait after next Monday and Tuesday as there could be bloodbath in Bursa due to 1mdb payment of USD600million. If that fella default, then you may get MRCB below 1.20.
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....
KeliEja
119 posts
Posted by KeliEja > 2017-07-27 09:45 | Report Abuse
wait for the EGM then u can decide to buy warrnt.