Hi Senneskathi, you can actually sell the OR if you dont intend to exercise the right. Otherwise you need to fill up the right exercise form (get it from MBB IB) and purchase a bank draft for the exercise amount and submit the form and the bankdraft to the MFCB registrar office. YOu need to decide fast, once the OR trading is over, you have no choice but have to subscribe or else you will loose out.
Jeffbkt , i jus curious. exercise of right issue is 1.57. now mfcb is 1.83-1.57= 0.26. now or is 0.33. why ppl still wan do the exercise? i miss something?
Every OR entitle for 3/7 free warrant. Theoretically warrant price is about 1/6 of the mother price since it is out of money. So it will be around 30 cents. So 30 X 3/7 will be about 13 to 15 cents. So the cost of OR, 1.57+0.33-0.13=1.77 which is still 6 cents profit. This is subjected that the mother share can maintain at 1.83 or above and the warrant is trading > 0.3
ohh ya.. forgot about the free warrant.. now i understand why.. Jus one more question, if i buy one the OR now, mean i will be able to subscribe the right issue with the price of 1.57? u know when is the expire day for OR?
hng33: welcome to buy MFCB-OR, looks like we have the same taste. After Gamuda-WR/WE, this is the next exercise I am looking at too. This time I am going to go thru the subscription for a huge profit again. Cheers.
It shall worth more than RM2.00, EPS 33.34 sen , NTA RM3.65 (before Rights), just do some calculation, you will find out. The current price at 1.87 is due to arbitrage activities by those shareholders who sold the original share and bought OR, it will go back to fair value in due course.
Price is weak bcos small shareholders do not like the rights issue is structured and many are selling. The exercise creates a lot of odd lots which are difficult and expensive to sell.
MFCB worth of investing...but can wait before re-enter till its new share arise from right issue at 1.59 and new free warrant listing.....as both of these new right share and free warrant are likely exert pressure on MFCB price due to their cheaper alternative
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 357 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11692 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
IVKLSE
32 posts
Posted by IVKLSE > 2016-01-03 20:54 |
Post removed.Why?