They will still raise Rm2.1 billion cash. Just the shareholders have lost a combined of RM1.71 billion for the last 4 months. EPF is owning around 34%. So on paper, EPF has lost around Rm580million. And yet EPF is subscribing fully and need to fork out around Rm700 million.
Tabung haji on paper lost around Rm126milion and need to fork out around rm155 million to subscribe the rights. Ppl in EPF and Tabung Haji should be mad at MRCB Bod and should demand some resignation of the board members and management.
Forget about Calvin Tan. The thing is why EPF and the rest of the major shareholders supported this RI. The EGM in July, 80%++ supported the RI. Are they nut to be ok to wipe off the 1.7 billion of MRCB market capital within 4 months?
Unless there is growth potential...very lucrative profits that they cannot resist. If not I am clueless as to why they did so. But then we have been waiting patiently until to date yet there are no good news at all.
ehtan18: before the RI announcement, MRCB was trading around 1.80. With share doubles and EPS diluted, 1.80/2 = 0.90. The price already there. In fact if the closing price is RM1 this Friday, the ex price would be 0.895. The beaten price has reflected the RI thingy.
Now my hope if for MRCB to secure the BM Transportation Hub project and the sales of EDL. How would the price goes from here if these becomes reality in the next few months? From RM0.895 to ...???
sarahdeaton: Your rumor got no weight or standing at all. If you say MRCB secured contract to build highway or new building or even Jack Ma new SEA HQ in Bandar Malaysia, ppl may believe. But disneyland???
sarahdeaton, i received a latest news that mrcb secured a contract for another project to build the reptilian alien base below our pm house compound which is cost 18.3b
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....
Patron
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Posted by Patron > 2017-09-26 18:18 | Report Abuse
another classic "long term value stock" by Tan Eng.