Kindly be advised that at the request of MBSB, trading in the Company's shares will be suspended with effect from 9.00 a.m., Monday, 6 November 2017 pending a material announcement.
As such, all structured warrants relating to MBSB will also be suspended at the same time. 03/11/2017 18:01
“We are already in the final stage of the discussion and we have to pay (the compensation) because the government has taken over their assets and toll collection, and this is all for the people,” said Second Finance Minister Datuk Seri Johari Abdul Ghani over the “Soal-Jawab” recorded programme aired over TV3 on Wednesday. He stressed that the government had to absorb the losses incurred by the companies involved.....
Remark: abolish toll have multiple positive impact to rakyat. Gov use raykat tax payer to compensate Gov linked control company PLUS and EDL, both control by EPF is GOOD for the raykat retirement fund, and at the same time, raykat enjoy free toll to save cost living.
______________________________________________________ RedEagle MBSB - REQUEST FOR SUSPENSION
MALAYSIA BUILDING SOCIETY BERHAD
Kindly be advised that at the request of MBSB, trading in the Company's shares will be suspended with effect from 9.00 a.m., Monday, 6 November 2017 pending a material announcement.
As such, all structured warrants relating to MBSB will also be suspended at the same time. 03/11/2017 18:01 03/11/2017 20:47
With government guarantee compensation RM 70m yearly over entire remain balance concession period 30year more, EDL will now have capability to refinance its current exiting EXPENSIVE and Shorter sukuk loan.
Currently EDL have both senior Sukuk RM 845m with tenure 10year to 17 year, carry expensive interest rate 6.33-8.35% and junior sukuk RM 199m has a tenure 18 to 20 year carry at very expensive interest rate 10-10.4%
The trouble now MRCB is suffering is its EDL was financed on a relatively short tenure compared to the concession runs for much much longer 34 years ( concession begin in 2014 to 2048). In additional, all its loan carry at very expensive cost interest due to significant downgrade rating earlier for its delay in payment.
Now, with gov guarantee yearly compensation RM 70m step in, the value now lies in refinancing. The word 'guarantee' compensation payment from federal GOVERNMENT is ' golden phrase' in Sukuk market as it get rid of any uncertainty and assurance promptly payback to leader, therefore, refinance the current short debt for a longer tenure and current low rate at much better ratings Will drastically reduce its interest rate and therefore reduce financing costs. These refinancing Sukuk to match its balance validity for another 30year will resulted yearly POSITIVE net cash inflow to MRCB
The another 30 year compensation from government till the end of EDL concession period end 2048 will also allow MRCB to seek much better selling price to PLUS in case MRCB wanna to divest EDL, to reap instant gain, and divert resource to other mega project
Funny, how come i feel almost 100% good news about the compensation or sold news??? I am a johorean...we all use EDL...that bloody road need 70mill to maintain yearly!!??? ....walao weh MRCB earn gao gao somemore other projects coming....if price come down below RM 1, i sell pants, sell house, sell car, all sailang...until i lie flat flat on ground.
if government wanna compensate as per contract which is less? since mrcb also incur lose in maintaining servicing this highways. probably they miscalculated the compensation during award stage
3) EKOVEST problem just starting. Have to take over the white elephant IWCity Whereas MRCB problems just solved by
a) RI sell down on friday well absorbed b) Govt CASH INFUSION Through takeover of EDL Toll c) PUMPING RM1 BILLIONS INTO SPORTS TO BOOST MRCB SPORTS CITY IN BKT JALIL d) Coming soon projects like Bandar Malaysia, ECER, MRT/LRT, High Speed Rail e) Other Surprises plan by Ministry of Finance
Think be4 u buy. Govt only compensate 70k per annum n Mrcb has to spend 90k annually for EDL maintenance n interest cost n other costs , for the next 30 years . That's why no IB has come out with any research paper on MRCB.
Calvin Tan you should just stfu instead of giving such misleading information. What an idiot to relate ekovest and mrcb in order to lure buy. Kaki Gong Kaki Song
tan sri calvin,u were mentioning mrcb oversold? on oct 5th lah is oversold only 87cts and the OR drop to 5cts only.those who bought the OR making a lot that's why they are dumping.at 1.03 now is equal to about 1.35 already assuming the WB is 40cts cos the rights is only 79cts
I think it won't be another limit up for the WB on mon.....likely 35cts and will drop back.if the warrants can up a lot on mon,yesterday it wouldn't have traded over 110k shares.
those who bought mrcb last day before rights issue already making more than 30% profit. those who bought the OR on the last day at 16cts+ rights at 79cts= 1.03+ 20% free warrant B is making a profit of 15%.
6.6bil allocated for education but tan sri calvin mentioning PPG,but PPG is sleeping,SASBADI pula down almost 20%. MRCB already up more than 30% since the rights issue,can down below 1.00 or not? very scared to buy now.i only try to buy the WB at 30.5cts but couldn't get any or else on mon I would have sell wif some gains just like those who got the WB yesterday.likely the will dump to those who chase on mon
CANNOT SELL CAN ONLY BUY. SOME MANY WHO FOLLOWED CALVIN BUY DRB AT 92 SEN TOOK PROFIT TOO EARLY.
THERE WAS ONE PHOENIX QUEEN WHO BOUGHT CHEAP BUT SOLD TOO EARLY.
SO DON'T MAKE THE SAME MISTAKE LIKE THOSE WHO BOUGHT DRB AND SOLD CHEAP.
AFTER CALVIN CALLED FOR A BUY ON DRB RHB IB INCLUDED DRB IN ITS JEWELS
THEB CIMB IB CALL FOR A BUY
AFTER THAT HONG LEONG IB CALLED FOR A BUY.
CALVIN BOUGHT DRB AT 92 SEN AND MADE MORE THAN 100% WHEN IT CROSSED RM1.85
CALVIN'S DRB C30 DID EVEN BETTER. BOUGHT AT 12 SEN. GAINED A NICE 200% WHEN DRB C30 TOUCHED 36 SEN (I AM STILL HOLDING SOME DRB C30. TOOK BACK ALL MY CAPITAL AND LET THE EXTRA PROFIT RUN)
THIS MONDAY HOPE TO BUY SOME MRCB WARRANT B ON THE CHEAP.
even at 92cts now MRCB is more expensive before than the ex rights price,how to buy? chase green later like butaland how? those who chased butaland at 73cts now licking their wounds lah
tan sri calvin,when I ask u about the OR that was the time can make more than 50%,now it's too late,those who bought at that price now gonna sell it to us
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....
karhongkhit
480 posts
Posted by karhongkhit > 2017-11-03 20:14 | Report Abuse
Bibble quote also come out hahahaha