If they have no cash how come they announce to buy back their share at least 10%? Those ask people to sell becos they miss the boat below rm 1.30 so must influent people to sell and they can buy below RM 1.30.....so cunning!
Ha ha ha MRCB won, but already enter into agreement to transfer the contract to DMIA...what did MRCB get?....100% share of the land in brickfields which will be disposed off......who win and who lose? Shareholder of MRCB is the greatest loser........viva pakistani!
i bought warrant at 30 cts ,,,now 19 only.....still waiting for the show.Somehow,zeeai is correct.they win big projects but NOTHING come out from it. Investors like us,cant run....they pay divident to us...like 3 pct per year ! shit , i better put in the bank.Ay least my principle money is in tact.
AZRB, MRCB, DRB-HICOM, KUB, MMC - their big big shareholder is the same. Profit go to the big big shareholder first. small fish got 1pct.. ha..ha.. avoid these companies la..
Indeed true.... but share buy back is only 10% and its only a proposal... now moving is cos AGM on 11th..... it will play around 1.34 - 1.40 for this week... If can break R2 1.40 = very good chance to touch 1.55 by end June
4 hours ago KUALA LUMPUR: AmResearch has maintained its Buy call on MRCB with an unchanged fair value of RM2.30 a share. It said that Quill Capita Trust (QCT) will be a platform for MRCB to further its monetisation agenda. This follows the completion of its sale of Platinum Sentral to QCT last month. Recall that MRCB is to receive RM740mil for Platinum Sentral. RM476mil will be paid in cash. The balance RM274mil will be satisfied via new QCT shares which will result in MRCB ending up with a 30% stake in QCT.
Other property assets under MRCB’s stable that could be injected into QCT are the Shell Tower and Ascott Residences, which are reportedly worth over RM900mil cumulatively. We believe that more asset injections into QCT will free up existing debt and increase cash flow streams via dividends from the trust (to be renamed MRCB-Quill REIT).
Malaysian Resources Corp Bhd (May 5, RM1.33) Maintain buy with a target price of RM2.30: We reiterate our “buy” call on Malaysian Resources Corp Bhd (MRCB) with an unchanged fair value of RM2.30 per share.This pegs the stock at a 20% discount to its estimated net asset value (NAV).
Over the weekend, The Edge weekly highlighted that Quill Capita Trust (QCT) will be a platform for MRCB to further its monetisation agenda. This follows the completion of its sale of Platinum Sentral to QCT last month.
Recall that MRCB is to receive RM740 million for Platinum Sentral, whereby RM476 million will be paid in cash. The balance RM264 million will be satisfied via new QCT shares which will result in MRCB ending up with a 30% stake in QCT.
More importantly, the report noted that beyond Platinum Sentral, MRCB could be keen to engage in another similar deal to monetise its matured property assets. The same report indicated that other property assets under MRCB’s stable that could be injected into QCT are the Shell Tower and Ascott Residences, which are reportedly worth over RM900 million cumulatively.
We believe that more asset injections into QCT will free up existing debt and increase cash flow streams via dividends from the trust (to be renamed MRCB-Quill real estate investment trust or REIT). More importantly, MRCB’s news flow is picking up.
Last month, MRCB confirmed that it submitted a bid to acquire the French Embassy land. The tender was submitted on Feb 12, 2015.
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....
zeeai
58 posts
Posted by zeeai > 2015-04-14 18:13 | Report Abuse
he he he....they have no capacity to buy the land.....got no more money and banks has stop giving loan to mrcb.....as simple as that...