Posted by iQBE189 > 2013-05-27 12:18 | Report Abuse

Today after 5pm is the ex-date la!

Posted by Rosma mk > 2013-05-27 13:22 | Report Abuse

today xdate oledy. price also adjusted.if bought today not entitled to mph cap

Posted by malaysiaboleh > 2013-05-27 13:34 | Report Abuse

iQBE189 what you mean by after 5pm is ex-date? Who bought today not entitle already.

Posted by smartly > 2013-05-27 14:07 | Report Abuse

i think OS will be trading at around 30sen.

Posted by smartly > 2013-05-27 15:08 | Report Abuse

how do you get 80 there ?

Posted by smartly > 2013-05-27 17:07 | Report Abuse

MPHB closed 3.51, -38.

OS around 76cent ?

Posted by mm310 > 2013-05-27 17:10 | Report Abuse

any adjustment of EX-Price for its sons - CM, CN, CP and CQ ?

Posted by smartly > 2013-05-27 17:15 | Report Abuse

@mm310, no adjustment to son.

Posted by smartly > 2013-05-27 17:39 | Report Abuse

just declared 5sen dividend.

Posted by mm310 > 2013-05-27 17:53 | Report Abuse

@smartly - thanks!
really not fare to those who bought the warrants last week ...

Posted by smartly > 2013-05-27 17:57 | Report Abuse

i guess so, those bought son last week will suffer 50% loss but i think can keep till MPHB bounce back, as it just announce 1Q profit up by 78%.

Posted by ronnie2u > 2013-05-28 07:12 | Report Abuse

Let's hope both mother and son shares goes GREEN today

Posted by malaysiaboleh > 2013-05-28 09:34 | Report Abuse

KUALA LUMPUR (May 28, 2013): Multi-Purpose Holdings Bhd (MPHB) is looking to sell its general insurance arm, in line with its planned demerger exercise to turn the group into a pure gaming stock.

An industry source told SunBiz that the group has been actively scouting for suitors to buy Multi-Purpose Insurance Bhd (MPIB), a mid-sized general insurer.

"MPHB has put the word out that it wants to sell its insurance unit. The asking price is RM500 million but there have been no takers yet," the source said.

In a report in July last year, Alliance Research said MPHB was receptive to disposing of the insurance business at an attractive price.

"We understand that the valuation range that management looking for is about three times price to book value, which is unreasonable based on valuations of recent and scarcity premium for existing insurance business available for sale," it had said.

Based on the audited results as at Dec 31, 2012, MPIB recorded a gross premium income of RM505.4 million with a pre-tax profit of RM60 million. MPIB's total assets stood at RM1.1 billion.

In May last year, MPHB proposed the demerger of its gaming and non-gaming operations to create two separate and independent listed entities, namely the existing MPHB, which will hold the gaming business, and a special purpose vehicle (SPV) – MPHB Capital Bhd – which will hold substantially the financial services and other non-gaming assets of the MPHB group.

MPHB Cap is expected to focus on asset disposal or asset enhancement to optimise its shareholder value, as part of the exercise.

MPHB's demerger involves an internal restructuring exercise; an offer for sale by MPHB of all its SPV shares to shareholders of MPHB; a subsequent redistribution of the net proceeds raised from the offer for sale back to the shareholders of MPHB through capital repayment; and, lastly, a successive listing of MPHB Cap.

MPHB's share price fell 9.77% to RM3.51 yesterday after its renounceable offer for sale of shares in MPHB Cap went ex.

The corporate exercise included MPHB's offer for sale of 715 million MPHB shares to MPHB shareholders on a one offer share for every two shares held.

The last date for the subscription of MPHB renounceable offer for sale at an offer price of RM1 was on May 23, 2013.

"As such, MPHB will be traded on an ex basis from today (yesterday) while MPHB Cap is poised to be listed on 25 June," Alliance Research said in a report yesterday.

"With MPHB being traded on ex-basis from today (yesterday), the hidden value of its non-gaming operations will now be decoupled. This could lead to selling pressure on MPHB, although the impending capital repayment of 48.5 sen could partially mitigate the downside risk to MPHB's share price," it added.

The research firm understands that MPHB will undertake a capital repayment exercise within three months post listing of MPHB Capital, that is, by end-September.

"As such, the net proceeds to be raised from the proposed offer for sale (estimated to be RM696.5m or 48.5 sen for each MPHB share, after listing expenses) will be distributed back to the shareholders of MPHB," it said.

Alliance is downgrading MPHB to "neutral" from "buy", with a target price of RM3.60, comprising RM3.12 for its pure gaming operations and capital repayment of 48.5sen.

In a filing with Bursa Malaysia yesterday, MPHB said its net profit for the first quarter ended March 31, 2013 (Q1) was up 78.5% to RM149.4 million to RM83.7 million, while revenue was up 1.6% to RM920.2 million from RM905.9 million.

On its prospects, MPHB said its gaming division will continue to focus on creating market presence and try to increase sales through brand loyalty, while its insurance subsidiary will aim to capture a larger market.

"Going forward, it (MPIB) will continue to seek new tie ups with local and foreign-owned banks," MPHB said.

MPHB declared a final dividend of 3.5 sen gross dividend per share less tax and 1.5 sen single-tier dividend per share, payable on July 12.

Posted by hornetsjet > 2013-05-28 10:52 | Report Abuse

If i sell now, do i still get the capital repayment?

Posted by iQBE189 > 2013-05-28 10:53 | Report Abuse

Sure

Posted by kcliew > 2013-05-28 11:05 | Report Abuse

RHB : FAIR VALUE MYR 3.89 Multi-Purpose Holdings Bhd

Posted by Frank Leong > 2013-05-28 11:16 | Report Abuse

@hornetsjet No, you have to hold until they announce the ex-date for capital repayment later this year.

Posted by kcliew > 2013-05-28 11:21 | Report Abuse

AmeSecurities : FAIR VALUE MYR 4.00 Multi-Purpose Holdings Bhd

Posted by smartly > 2013-05-28 11:41 | Report Abuse

Kenanga TP 4.31.

Posted by mm310 > 2013-05-28 11:46 | Report Abuse

ya lo.. after all these the Kenanga TP still 4.31. The sons are attractive now - CP.

Posted by malaysiaboleh > 2013-05-28 11:47 | Report Abuse

MB TP RM 5.00

MAGNUM RM 3.80
MPHBC RM 2.40

Posted by smallfish > 2013-05-28 15:15 | Report Abuse

What's the growth prospect of this gaming business? I looked at the last few years revenue and seems like no growth in the gaming business.

Posted by mm310 > 2013-05-28 15:43 | Report Abuse

today slow and steady up ....

Posted by skyboyman > 2013-05-28 16:16 | Report Abuse

time to run now..

Posted by Hustle > 2013-05-28 16:36 | Report Abuse

Oh come on the night still young...

Posted by ronnie2u > 2013-05-28 23:37 | Report Abuse

Is the PROPOSED RENEWAL OF SHARE BUY-BACK a good thing to push the price higher ?

Posted by ronnie2u > 2013-05-30 07:20 | Report Abuse

MPHB-OS starts at half-sen

Posted by ronnie2u > 2013-05-30 09:11 | Report Abuse

MPHB-OS gone up 6000%... nice one !!!

Posted by smartly > 2013-05-30 09:18 | Report Abuse

still making loss.

3.60 + (0.305/2) = 3.75

Posted by malaysiaboleh > 2013-05-30 09:29 | Report Abuse

Limit up ma .. adoi

ronnie should be up another 100%.

Posted by ronnie2u > 2013-05-30 09:35 | Report Abuse

Does this mean MPHB-Capital will debut at at least RM1.305 come June ?

Posted by smartly > 2013-05-30 09:35 | Report Abuse

if second half, up another 100%

3.60 + (0.60/2) = 3.90

Just breakeven.

Posted by ronnie2u > 2013-05-30 09:38 | Report Abuse

Do I need to hold MPHB-Capital to get Capital Repayment (estimated Sep) ?

Posted by smartly > 2013-05-30 09:40 | Report Abuse

Cap repayment is for MPHB.

Posted by malaysiaboleh > 2013-05-30 10:56 | Report Abuse

Then you sell lo .. since cannot make profit.

he he he..

Posted by malaysiaboleh > 2013-05-30 10:57 | Report Abuse

As i said early .. just hold both of that. You will get RM 4.50

Posted by setia2u > 2013-05-30 11:08 | Report Abuse

MPHB-OS second limit up at 61 sen? Buying a rights at 61 sen? Worth the exercise? I doubt.

Posted by ronnie2u > 2013-05-30 14:49 | Report Abuse

Upper limit for MPHB-OS is now RM0.31.... will it increase further ?

Posted by smartly > 2013-05-30 14:52 | Report Abuse

0.31 is the max today. wait till tomorrow.

Posted by malaysiaboleh > 2013-05-30 15:02 | Report Abuse

For those miss it out .. i can email to you account.

Posted by smallfish > 2013-05-30 15:33 | Report Abuse

malaysiaboleh, Is your valuation of Magnum at 3.50 inclusive of the 0.485 capital repayment?

Posted by Magnum > 2013-05-30 15:35 | Report Abuse

MPHB-OS - what is os?

Posted by malaysiaboleh > 2013-05-30 16:28 | Report Abuse

smallfish NO.

Posted by malaysiaboleh > 2013-05-30 16:28 | Report Abuse

after capital repayment .. Magnum is RM 3.50

Posted by smallfish > 2013-05-30 16:41 | Report Abuse

OK. Thanks.

Posted by gskow > 2013-05-30 17:43 | Report Abuse

malaysiaboleh, can email me?
guansoon@gmail.com
thanks.

Posted by kcliew > 2013-05-30 17:46 | Report Abuse

malaysiaboleh, pls email to me : kc.liew@ymail.com
Many thanks.

Posted by malaysiaboleh > 2013-05-31 08:31 | Report Abuse

mphbc - os RM 0.61 ?

Posted by smartly > 2013-05-31 08:36 | Report Abuse

limit up again.

Posted by ronnie2u > 2013-05-31 09:31 | Report Abuse

Limit Up... how many times will Bursa do that