"Islamic banks may sell the Takaful stake, RHB Research believes that this may dilute the return on equity more than 1%, but if the group return the proceeds from the sale of Takaful to shareholders, the shareholders value will be defended and not affected."
I totally not agree with the statement of RHB Research...Hope LTH is not so short-sighted or in urgent need of money.
Of course restructuring plan is positive, if the result of restructuring is negative then there is no point to do it.
The point in the news here is RHB Research believes that return the proceeds from the sale of Takaful to shareholders as special dividend can protect the shareholders value.~~~OMG
so pls limit your warrant on hand . don't hold too many . as long as majority of warrant is with institution we are safe . haven's seen any majority shareholder sold their warrant yet in annoucement .
Fortune Bull.....Agree! No special dividend please!No need yearly dividend too....just retain the proceeds of RM1.20 per share to generate RM1.20x0.13=Rm0.156 profit per share every year...
i know ..... but not for us to decide . majority of BIMB own by tabung haji . if tabung haji hold same percentage of BIMB WA they will not want to kill the warrant . if they sold all the warrant then they will declare special dividend for their benefit .
BIMB is abit hard to attract investor's eye. If this kind of selling news apply on other banking stock, their share price may boost up already but BIMB is still stagnant here. lolz
sound logic . just make simple assumption our cost will be 0.40 + 4.72 = 5.12 for the worst situation . if bimb declare special dividend we will not lose money if the mother share price is above 5.12
i think BIMB will continue to go up but for bimb wa premium will reduce dramatically like gamuda we .so if you hold bimb wa dont expect a big jump . gamuda we premium had reduce from 9% last year to 0.36% yesterday .with expired date 2021.
mother basically sure win gurantee make 10% min .... really consider bimb . just the price is 4.50 ...... can`t buy much . now i keep 70% in cash . back into market on AUG . expecting a correction coming .
Stagnant is great sometimes cuz it means that currently not much people or big funds holder perceive this corporation and while there are some announcement of good news from this corporation, it starts to pique the interest of others investors and leads the share price of this company to a new high level. Since others banking counters has been surged, I think BIMB is quite considerable.
Bank Islam Brunei said to choose Malaysia for US$500mil IPO
KUALA LUMPUR: Bank Islam Brunei Darussalam Bhd has picked Malaysia as the destination for a planned initial public offering that could raise as much as US$500mil, according to people familiar with the matter.
The nation’s biggest lender has asked banks to pitch for roles on the first-time share sale and is expected to choose advisers as soon as next month, said the people, who asked not to be identified because the process is private.
Bank Islam, which also considered Singapore and London for the offering, could list on Bursa Malaysia this year
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....
Kadir Almushayah
2,107 posts
Posted by Kadir Almushayah > 2017-05-18 20:38 | Report Abuse
Ste4dy... So what u hope?