Posted by phyroxus > 2013-04-15 16:44 | Report Abuse

... hope you all giving hope to ownself?

Posted by Hustle > 2013-04-15 16:49 | Report Abuse

Hai ya don't give a fxxx already lah,whatever result we observe after committed right issue.

Posted by cherry tomato > 2013-04-15 17:14 | Report Abuse

of course for those that have extra cash they buy now @ 75cents plus 23cents. so when average their share price still below 23cents after capital deduction to 10cents per share.eg. if u buy 10k u convert to 100k share when capital deduction, u only paid RM7500 for 100k. after that to paid RM92k for 400k right issue. so RM99.5k/500k shares = 0.199cents per share.

Posted by cherry tomato > 2013-04-15 17:16 | Report Abuse

But the problem is who got such huge to buy the right? only fund manager lor.....

Posted by cherry tomato > 2013-04-15 17:17 | Report Abuse

correct me if i wrong.

Posted by phyroxus > 2013-04-15 17:47 | Report Abuse

I think capital reduction no related to the average price.
It is based on the price before right-ex

Let's do a basic figures count.
Let's say today you bought the price is 0.75 before right-ex
So your avrage price is (0.75 + (0.23 * 4) / 5 = 0.334

if the mother price before ex is 0.82, the future price may go to 0.35, so you earn.
If the mother price is 0.7, the future price may go lower maybe 0.3, so you still lose.

So it really depends.
But i guess, guess only... they will support the price not to let it drop below 0.7

Posted by cherry tomato > 2013-04-15 17:51 | Report Abuse

i think ur calculation diff from me. i already fractor in capital deduction (which is more accurate) as the right allocation also also capital deduction. ur is purely based on current par value RM1. this will distorted the price per share. 0.199 vs 0.334???

Posted by cherry tomato > 2013-04-15 17:52 | Report Abuse

which i think 0.199 is more accurate. where when the share price down to 10cent par value. it normally not more than right issue value is most cases.

Posted by cherry tomato > 2013-04-15 17:54 | Report Abuse

even it > right issue value, if not mistake.

Posted by phyroxus > 2013-04-15 17:59 | Report Abuse

think i should refer to my remisier on which price more likely.

Actually to ask small retailor take out money 1:4 to cover their debt, it is like asking them to cut loss.

Posted by Lawrence Kwan Vui Juin > 2013-04-15 21:24 | Report Abuse

SO risky after share issue will continue drop....

Posted by Hustle > 2013-04-16 08:37 | Report Abuse

Hi Cherry by your expertise can you do an intrinsic price value for shell,I'm believe this is a very good case study.

Posted by iafx > 2013-04-16 08:41 | Report Abuse

mas is heavily debted

Posted by Hustle > 2013-04-16 08:44 | Report Abuse

so do shell,that's why sometimes doing FA I'm a little bit confuse.How come shell still can remain at 8.00 above, by the way it is making loss that no different with MAS.

Posted by iafx > 2013-04-16 08:48 | Report Abuse

nature of biz not the same, reason of raising debt not the same, ability to pay back not the same etc. mas apart from global economic, greatly influence by fuel price too. note this fuel is not the same as petrol for cars

Posted by Hustle > 2013-04-16 08:55 | Report Abuse

For the fuel supplies factor is not that critical, since it is funding by Petron.As long as we cheer up daily with San Miguel than MAS can fly smoothly hehe...just a joke :)
After GE13 if PR win also not a big deal,since MAS represented a country name.Refer to Garuda Air Indonesia, even dive in financial problem,new or old government still have to fully support,since it represented international reputation.

Posted by iafx > 2013-04-16 09:01 | Report Abuse

pr will question why gov is so deeply involve in mas, may initiate another round of restructure in mas, pushing mas to be financially independent

Posted by Hustle > 2013-04-16 09:10 | Report Abuse

If PR win possibly they will also question lots of crony company that have strong international business relationship with high revenue & possibly will inject their party members into the company to get a piece of cake, then what is the different between PR & BN? The point here is,business is business,MAS not worth his intrinsic value but the brand name I'm believe still worth some penny.

Posted by iafx > 2013-04-16 09:14 | Report Abuse

inject or not is yr assumption, but for sure mas will get impacted should there be new query, and this is one factor retailer need to consider when buying into the r.issue

Posted by Hustle > 2013-04-16 09:17 | Report Abuse

nice input can take into consideration too,thanks iafx :)

Posted by zack_liza > 2013-04-16 14:37 | Report Abuse

GO..GO..GOING UP RM0.80 AND ABOVE....

Posted by Adam Loh Wei Chia > 2013-04-16 14:38 | Report Abuse

Mas has a good airline services. Just hope they restored it back to its glory days !

Posted by Junglestock > 2013-04-16 14:48 | Report Abuse

big buying now!

Posted by chongchuanguang > 2013-04-16 14:54 | Report Abuse

oh yeah~

Posted by zack_liza > 2013-04-16 15:22 | Report Abuse

closed RM0.80 Today...?

Posted by chongchuanguang > 2013-04-16 15:26 | Report Abuse

target 0.82 hopefully

Posted by Matsaham Mashuk > 2013-04-16 15:38 | Report Abuse

exit..duit mashuk..

Posted by VeryPoison > 2013-04-16 15:50 | Report Abuse

Brent Crude going down... may temporary push the stock..

Posted by mahathir88 > 2013-04-16 16:44 | Report Abuse

I believe MAS share prices is manipulated and financial reporting is false. I don't believe at all MAS has able to turnaround in such quick time; might as well enter into Gusiness Books Record. How can a proposed capital reducation of RM0.90 suddenly disappear like in wet market and now proposing right issue? Is Securities Commissions sleeping b'cos it is MAS, a GLC?

Posted by midastouch > 2013-04-16 16:59 | Report Abuse

MAS has a low trust factor. I will use my money for Dom Pérignon instead.

Posted by phyroxus > 2013-04-16 19:25 | Report Abuse

so is actually cheating to release stock on hands?

Posted by alenac > 2013-04-16 20:38 | Report Abuse

Not cheating, creative accounting, if not how to get rights issue scheme implemented?

Posted by yfchong > 2013-04-16 20:43 | Report Abuse

Aiya temporary parking only mah pinjam spot

Posted by angkor > 2013-04-16 22:02 | Report Abuse

as expected. the rich will become richer and poor will become poorer. those retail players who cannot subscribe to the rights will sell their shares to the rich.

Posted by phyroxus > 2013-04-16 22:11 | Report Abuse

Even you get the rights, they can also press down the mother price to make your average price higher.

Capital reduction wont affect the units in hands even par value change after refer to remiser. So it is still 1:4 right shares at the end.

Mahathir have a right point, where is capital reduction for mas now? They only want retailor take out money help them but they themselves no need take out a single cent for restructuring...

What the hell!!!!!

Posted by angkor > 2013-04-17 00:54 | Report Abuse

national pride to be supported by all. game or no game..

Posted by angkor > 2013-04-17 02:13 | Report Abuse

oil price is dropping significantly... another good news for MAS and good reason for its run-up before ex

Posted by midastouch > 2013-04-17 09:00 | Report Abuse

Drop in oil price does not confer any competitive advantage to MAS. All players in the industry benefit equally. MAS has an unenviable track record of short changing minority interest and no one is keen anymore. Be wise, don't get burnt the second time!

Posted by zack_liza > 2013-04-17 09:16 | Report Abuse

if u have money, u can invest & buy Mas at RM0.80 and below... and ready money for right issue...to me, mas still up trend and new support level at RM0.80....Max Target can go RM1.00..

Posted by Wong881025 > 2013-04-17 09:24 | Report Abuse

when mas share Price go up to Rm 1.00 ？

Posted by phyroxus > 2013-04-17 09:51 | Report Abuse

a small update, just checked that MAS par value has been reduced to 0.1

Posted by VeryPoison > 2013-04-17 11:06 | Report Abuse

Where did you check? Any link to support your statement?

Posted by iafx > 2013-04-17 11:08 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=3786

Posted by angkor > 2013-04-17 12:45 | Report Abuse

Agreed with zack_liza. MAS will trade within 0.80 and 0.90 in the short-term.

Posted by VeryPoison > 2013-04-17 16:10 | Report Abuse

Why there is sudden drop in all index? DAX, Straits, HSI? ANy news?

Posted by cherry tomato > 2013-04-17 17:00 | Report Abuse

KLCI up mah

Posted by arv18 > 2013-04-17 17:03 | Report Abuse

agree. KLCI up is all that matters to me.

Posted by phyroxus > 2013-04-17 17:40 | Report Abuse

look like downtrend now

Posted by phyroxus > 2013-04-18 16:53 | Report Abuse

look like big fund sell off ...

Posted by cherry tomato > 2013-04-18 17:04 | Report Abuse

no HOPE already this counter