Posted by AdCool > 2017-08-07 10:58 | Report Abuse

curious2 still dont get it on RI. If you dont own any mother share, you can't buy RI at 85sen. You have two options here:
1. Buy mother share before the ex date and subscribe to RI for 85 sen OR
2. Buy the RI warrants during the one week trading and then subscribe to RI for 85 sen.

Posted by invS > 2017-08-07 10:59 | Report Abuse

RI can only be subscribed if u have mother share..

Posted by invS > 2017-08-07 10:59 | Report Abuse

and the ex RI price wont be 85 sen... if the RI is 85 sen

Posted by Muhammad Arif Aiman > 2017-08-07 12:34 | Report Abuse

so how much share can we buy at RI? same amount as mother share we buy?

what the ex date?

Posted by curious2 > 2017-08-07 12:40 | Report Abuse

If someone no money to subscribe RI not they must sell OR? When they sell OR that's best time to buy. Eg OR 10 sen meaning we can buy MRCB at 95 sen not 1.19 assuming RI is 85 sen.

Posted by invS > 2017-08-07 13:20 | Report Abuse

MRCB has proposed (i) rights issue of up to 2,856.7m new shares on a 1 for 1 basis and (ii) 1 free warrant for every 5 rights shares subscribed.

Posted by invS > 2017-08-07 13:22 | Report Abuse

https://themalaysianreserve.com/2017/07/31/mrcb-raise-rm1-8b-rights-issue/

Posted by invS > 2017-08-07 13:23 | Report Abuse

Upon completion of the rights warrants exercise, the company is expected to pocket a minimum of RM613.84 million in gross proceeds.

“The numbers are based on an issue price of 85 sen per rights share and RM1.40 exercise price per rights warrant,” he said.

Posted by dreamer74 > 2017-08-07 14:38 | Report Abuse

Those who on high side like me is too late too escape now. The only way forward is to subscribe to the right with discounted price. Hopefully that will average down the buying price and pray that the price still hold on and up a bit in the short terms. Looking beyond RI I personally feel is worth to take the bet.

Posted by AdCool > 2017-08-07 15:24 | Report Abuse

You can subscribe more RI if you buy more RI warrants during the one week trading or you buy more mother share now since the RI is on a 1 for 1 basis.

Posted by invS > 2017-08-07 15:33 | Report Abuse

RM1.40 exercise price per rights warrant... the exercise price seems high?

Posted by sasword > 2017-08-07 17:16 | Report Abuse

Still dream to make profit in this sohai glc...I better donate it than get cheated in this counter.

Posted by geraldng01 > 2017-08-07 18:47 | Report Abuse

Calvin, of course, stupid to sell now, look more stupid to buy in the first place, with a call for tp:2.60...

Posted by Crest > 2017-08-07 20:22 | Report Abuse

Guys... newbie question here.. looking at the WA price now vs the mother price and the exercise price of the warrant, buying/holding the WA now considered as suicide ?

Posted by AdCool > 2017-08-07 21:24 | Report Abuse

Price fixing mostly around 1.15-1.20 with RI Price around 0.75-0.80. With that, the ex price of MRCB will be 0.95-1.00. All warrants should be adjusted around 15%-20% with rough calculation

Posted by invS > 2017-08-07 23:08 | Report Abuse

the faster the RI is executed the better... it's been dragged too long...

Posted by calvintaneng > 2017-08-07 23:09 | Report Abuse

LOOK UP

GOVT SURE GIVE SOMETHING BIG FOR MRCB SOON

Posted by AdCool > 2017-08-07 23:47 | Report Abuse

that soon can be 12 months from now Calvintaneng.

Posted by AdCool > 2017-08-07 23:49 | Report Abuse

Yes the RI has been long and the price has been depressed since mid May 2017 when they announced the RI. Almost 3 months now and hopefully this RI is done by end this month. MRCB is too slow in getting this sorted out.

Posted by invS > 2017-08-08 10:51 | Report Abuse

price has been depressed for more than 30% since RI announced... from illustrative RM1 right issue to.. now 0.75 - 0.80?

Posted by nasaie24 > 2017-08-08 11:10 | Report Abuse

Next week bottom

Posted by nasaie24 > 2017-08-08 11:25 | Report Abuse

at 1.08.

Posted by kakakemas > 2017-08-08 12:16 | Report Abuse

just cutloss and buy again or move to vivocom as the company got private placement.

Posted by AdCool > 2017-08-08 14:23 | Report Abuse

Price fixing mostly around 1.15-1.20 with RI Price around 0.75-0.80. With that, the ex price of MRCB will be 0.95-1.00. All warrants should be adjusted around 15%-20% with rough calculation. You guys should have some baseline now to reassess your investment in MRCB. It's already been a week since the price hover around this range.

Posted by LGMGL > 2017-08-08 18:34 | Report Abuse

MLab right issue @ 0.15 & market price 0.15 too. Will MRCB right issue @ 1.20 if market price @ 1.20 too.. ?

Posted by Orang_Melaka > 2017-08-09 11:34 | Report Abuse

Only cheating company ask for money from us like MRCB. It shows big problem here.

Posted by Orang_Melaka > 2017-08-09 11:37 | Report Abuse

No RI is abt 85 sen. Why pay so high now? Should be RM 1 fair.

LGMGL MLab right issue @ 0.15 & market price 0.15 too. Will MRCB right issue @ 1.20 if market price @ 1.20 too.. ?
08/08/2017 18:34

Posted by Noni > 2017-08-09 23:35 | Report Abuse

That Rights 0.85sen and warrant at 1.40 exercise price are theoretical only.
They still need to go for price fixing period and can tweak the final pricing to be offered, unless you already know something others don't.
Better wait for more info before jumping in?

Posted by grateful_ > 2017-08-13 21:58 | Report Abuse

90 sen coming?

Posted by Larrytrader > 2017-08-13 22:20 | Report Abuse

nah sure got big things happen

Posted by goodluck999 > 2017-08-14 15:04 | Report Abuse

definitely not the time to enter nw.. i will not be buying now.

Posted by AdCool > 2017-08-15 00:55 | Report Abuse

When are they going to do the price fixing? Just get it done fast so that mrcb would move to next chapter. This RI has been drag for long. 30% of market value gone in smoke because of this RI. Just issued RI at 0.75 with ex price RM1.00. Next declare a great Quarter results n push back the price to Rm1.30 b4 announcing BM involvement. That may push to RM2. All the RI subscribers would laugh all d way to banks

Posted by chongyo > 2017-08-15 06:42 | Report Abuse

There is huge amount of free float share in the market. As share price already lost 30% before RI, some existing shareholders are near margin call. Where to find money to subscribe the rights? Under present poor market sentiment, I suspect right's subscription may be very poor. Price after RI may even be below the RI price.
I prefer to wait for listing of the rights share.

Posted by BornToSpeculate > 2017-08-15 09:02 | Report Abuse

Depends of whether if you know who are the main shareholders. Most of them are institutional that already have the funds and prepared for this via their vote. You can see how many shareholders actually control this counter from the annual report.

Either that or they are selling down for cashflow to subscribe but i believe it will be fully subscribed issue.

Posted by invS > 2017-08-15 09:56 | Report Abuse

been dragging way too long... testing our patient...

Posted by Seng Thye Ng > 2017-08-15 10:04 | Report Abuse

just wait after RI.......be patienttttttttttttttttttttt.....

Posted by mastertrader > 2017-08-15 10:50 | Report Abuse

ready to fly above 1.20 next 1.40 nice2

Posted by Kartoonsukasuki26 > 2017-08-15 15:51 | Report Abuse

hahahahaahaha @mastertrader sedang bermimpi basah di siang hari kah

Posted by nasaie24 > 2017-08-15 18:34 | Report Abuse

Next week rebound

Posted by mastertrader > 2017-08-15 18:34 | Report Abuse

@Kartoonsukasuki26 yup mimpi basah menuju tp 1.40 haha

Posted by Explode > 2017-08-15 18:39 | Report Abuse

http://www.theedgemarkets.com/article/mrcbs-1060-carnegie-melbourne-70-sold

ready to fly tomorrow

Posted by mastertrader > 2017-08-15 18:42 | Report Abuse

get ready to fly high..

Posted by AdCool > 2017-08-15 19:21 | Report Abuse

FLASH: MRCB gets RM369m contract to construct Damasara-Shah Alam Elevated Expressway from Prolintas

Posted by AdCool > 2017-08-15 19:24 | Report Abuse

Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) is pleased to announce that the Company had today received a Letter of Acceptance from Tenaga Nasional Berhad to award the Contract to MRCB at a contract sum of RM40,000,799.90. The duration of the Contract is 15 months from the date of site possession.

The Contract is expected to contribute positively to the future earnings of the Group.

Posted by AdCool > 2017-08-15 19:25 | Report Abuse

2 contracts awarded in a single day.

Posted by 4444 > 2017-08-15 22:20 | Report Abuse

RI not yet over where got money to carry out contracts?

Posted by singunsin > 2017-08-15 23:21 | Report Abuse

Explode it won't reflect on the paper so fast. Look at EWINT their U.K. And Australia property doing well but it will only reflect on paper at 2018

Posted by feelhoney > 2017-08-16 00:08 | Report Abuse

http://www.klsescreener.com/v2/news/view/268619

Posted by feelhoney > 2017-08-16 00:09 | Report Abuse

http://www.klsescreener.com/v2/news/view/268603

Posted by feelhoney > 2017-08-16 00:11 | Report Abuse

two good news in a day. flying high tomorrow?