Posted by pradeep > 2013-07-31 20:29 | Report Abuse

syed and chang21 todays volume high see what the announcement is in store for us whether good or bad news?

Posted by chang21 > 2013-08-01 08:15 | Report Abuse

Before Raya there will make an announcement. They are buying at much higher price than market. Let's see what is in store.

Posted by chang21 > 2013-08-01 10:35 | Report Abuse

Rights issue and warrant announcement ....... should be good.

Posted by Syed Abd Kadir Almushayakh > 2013-08-01 12:08 | Report Abuse

there we go,
chang21 n pradeep

Posted by amandang > 2013-08-01 12:12 | Report Abuse

5258 BIMB BIMB HOLDINGS BHD
MULTIPLE PROPOSALS

BIMB HOLDINGS BERHAD (BHB OR THE COMPANY)

(I) PROPOSED ACQUISITIONS BY BHB OF THE REMAINING 49% ISSUED AND PAID-UP SHARE

CAPITAL OF BANK ISLAM MALAYSIA BERHAD (BANK ISLAM) COMPRISING THE FOLLOWING:-

(A) 690,196,000 ORDINARY SHARES OF RM1.00 EACH IN BANK ISLAM (BANK ISLAM

SHARES) HELD BY DUBAI FINANCIAL GROUP LLC, REPRESENTING APPROXIMATELY 30.47% OF

THE ISSUED AND PAID-UP SHARE CAPITAL OF BANK ISLAM, FOR A CASH CONSIDERATION

OF UNITED STATES DOLLAR (USD) 550,000,000; AND

(B) 419,894,000 BANK ISLAM SHARES HELD BY LEMBAGA TABUNG HAJI, REPRESENTING

APPROXIMATELY 18.53% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BANK ISLAM, FOR

A CASH CONSIDERATION OF THE RINGGIT MALAYSIA EQUIVALENT OF USD334,603,069;

(COLLECTIVELY REFERRED TO AS PROPOSED ACQUISITIONS)

(II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 426,715,958 NEW ORDINARY SHARES OF

RM1.00 EACH IN BHB (BHB SHARES OR SHARES) (RIGHTS SHARES) TOGETHER WITH

426,715,958 FREE DETACHABLE WARRANTS (WARRANTS), ON THE BASIS OF TWO (2) RIGHTS

SHARES AND TWO (2) WARRANTS FOR EVERY FIVE (5) EXISTING BHB SHARES HELD BY THE

ENTITLED SHAREHOLDERS OF BHB ON AN ENTITLEMENT DATE TO BE DETERMINED LATER, AT

AN INDICATIVE ISSUE PRICE OF RM3.60 PER RIGHTS SHARE TO RAISE AN INDICATIVE

GROSS PROCEEDS OF APPROXIMATELY RM1.536 BILLION (PROPOSED RIGHTS ISSUE WITH

WARRANTS); AND

(III) PROPOSED ISSUE OF 10-YEAR ISLAMIC SECURITIES OF UP TO RM2.200 BILLION IN

NOMINAL VALUE TO RAISE AN INDICATIVE GROSS PROCEEDS OF UP TO APPROXIMATELY

RM1.471 BILLION (PROPOSED SUKUK).

(COLLECTIVELY REFERRED TO AS PROPOSALS).

You are advised to read the full contents of the announcement or attachment at

http://www.bursamalaysia.com.

Posted by pradeep > 2013-08-02 00:30 | Report Abuse

Chang21 let us watch tomorrow

Posted by apprentice > 2013-08-02 00:40 | Report Abuse

They are buying back 1.1 Billion shares at rm 3 Billion. Is that not less than 3.00 per share?

Posted by necro > 2013-08-02 00:55 | Report Abuse

(A)


690,196,000 ORDINARY SHARES OF RM1.00 EACH IN BANK ISLAM (“BANK ISLAM SHARES”) HELD BY DUBAI FINANCIAL GROUP LLC, REPRESENTING APPROXIMATELY 30.47% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BANK ISLAM, FOR A CASH CONSIDERATION OF UNITED STATES DOLLAR (“USD”) 550,000,000; AND

USD 550MILLIONxRM3.25(LET SAY)=RM?BILLION?

Posted by necro > 2013-08-02 00:56 | Report Abuse

(B)


419,894,000 BANK ISLAM SHARES HELD BY LEMBAGA TABUNG HAJI, REPRESENTING APPROXIMATELY 18.53% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BANK ISLAM, FOR A CASH CONSIDERATION OF THE RINGGIT MALAYSIA EQUIVALENT OF USD334,603,069;

USD 334MILLIONxRM3.25(LET SAY)=RM?BILLION?

Posted by necro > 2013-08-02 00:57 | Report Abuse

ASSUME 1USD AT RM3.25

Posted by Red Horse > 2013-08-02 10:04 | Report Abuse

BIMB Holdings is paying around RM2.60 per share to acquire Bank Islam stakes, not the BIMB Holdings stakes. Bank Islam is only one of the core businesses of BIMB Holdings.

Posted by pradeep > 2013-08-02 10:19 | Report Abuse

Chang21 and syed beautiful

Posted by snow white > 2013-08-02 10:24 | Report Abuse

i think its overprice, not worth to invest

Posted by tonylim > 2013-08-02 13:08 | Report Abuse

Red Horse, Bank islam is core.
What other biz they have worth mentioning?

Posted by Syed Abd Kadir Almushayakh > 2013-08-02 23:59 | Report Abuse

short term target ?

Posted by tonylim > 2013-08-03 01:24 | Report Abuse

http://markets.ft.com/research/Markets/Tearsheets/Summary?s=BIMB:KLS

http://www.ft.com/intl/cms/s/0/18bb8e6e-fa9b-11e2-87b9-00144feabdc0.html#axzz2aphRMjB1

Posted by pradeep > 2013-08-04 11:25 | Report Abuse

we have to look at the PE then decide whether long term or short term.

Posted by chang21 > 2013-08-05 09:26 | Report Abuse

Pradeep dont sell first. Upside still there. Wait for a few more weeks before decide.

Posted by avenger88 > 2013-08-05 09:56 | Report Abuse

why keep rising with low volume

Posted by pradeep > 2013-08-05 11:25 | Report Abuse

chang21 ok I follow you have to find another baby, AMMB what you think.Just came back from Penang. Properties price there crazy my son cant buy graduate in Mathematics from Bristol University.He said papa what to do. I said be cool.

Posted by SANG-JERO > 2013-08-05 11:31 | Report Abuse

Apprentice....you are right...TH sold more or less around that price too....I think it is over price...Just my one sen opinion...

Posted by Red Horse > 2013-08-05 15:06 | Report Abuse

tonylim, BIMB holdings own 60.68% of Takaful.

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

chang21 sanghani58@hotmail.com

Posted by 2862862 > 2013-08-05 23:07 | Report Abuse

Please also include me m.o.r.e@outlook.com tks chang21

Posted by tonylim > 2013-08-06 02:25 | Report Abuse

Red horse, the listed takaful.
Thks.

Posted by Abudance > 2013-08-06 03:35 | Report Abuse

What is TP for bimb?

Posted by messiBarca > 2013-08-06 06:12 | Report Abuse

today fly to RM5

Posted by lotusf1 > 2013-08-06 07:31 | Report Abuse

Based on tecnhical chart ,today expects some selling to tke plce.as its now overprice .if price corrections do occrs . (by 20 cnts ) i would put bimb into my radar .but again buying momentum could persist becoz of speculation n x fundmntal.

Posted by Syed Abd Kadir Almushayakh > 2013-08-06 14:08 | Report Abuse

chang 21,pradeep...whats up 4 bimb

Posted by Syed Abd Kadir Almushayakh > 2013-08-06 14:39 | Report Abuse

after raya...shld be more xciting,many dah 'balik kampong"my friend

Posted by Red Horse > 2013-08-06 15:29 | Report Abuse

tonylim, yes, the Bursa Malaysia listed TAKAFUL, code 6139.

Posted by pradeep > 2013-08-06 16:12 | Report Abuse

chang21 and syed beautiful

Posted by messiBarca > 2013-08-06 19:09 | Report Abuse

Good, RM4.94, hold tightly after announcement

Posted by buffetthe2nd > 2013-08-06 20:43 | Report Abuse

if success buy all Bank islam share,it will totally fly till RM7..NO DOUBT ABOUT THAT

Posted by messiBarca > 2013-08-06 20:50 | Report Abuse

if compare other bank like AFG, Ambank, still have gap increment ...Will be another publick bank, maybank in future?

Posted by Hafiz_444 > 2013-08-07 06:52 | Report Abuse

Really good for BIMB, chance to be another Public Bank , messi saying

Posted by Superman88 > 2013-08-07 11:02 | Report Abuse

going to fly now..

Posted by chang21 > 2013-08-07 11:18 | Report Abuse

It will be cooling down period during the Raya holidays and weekend before breaking new records .......... ????

Posted by ImmortalBull > 2013-08-07 17:28 | Report Abuse

Will this counter continue going up ?

Posted by 2862862 > 2013-08-09 14:15 | Report Abuse

We wait and see :) money come !

Posted by chang21 > 2013-08-12 15:01 | Report Abuse

I believe as there are no new announcement the tp remains the same, for me the upside is still there. Wait for any announcement.

Posted by Stockman > 2013-08-13 14:05 | Report Abuse

BIMB will hv good return when own 100% soon

Posted by 2862862 > 2013-08-13 14:19 | Report Abuse

Stockman? Buy more now? LoL

Posted by 2862862 > 2013-08-13 15:06 | Report Abuse

if yes i add somemore cos i have some extra fund. thanks ya

Posted by Syed Abd Kadir Almushayakh > 2013-08-13 16:32 | Report Abuse

2862862.....ade "some extra fund"- bnyak dapat duit raya kot!!!

Posted by 2862862 > 2013-08-13 16:39 | Report Abuse

I jus sell off all my prkcorp got some funding :) please advice

Posted by chang21 > 2013-08-13 16:42 | Report Abuse

Buy on downside. Rm4.80 is a good price to enter if you have the funds and prepare to hold out.

Posted by Syed Abd Kadir Almushayakh > 2013-08-13 16:59 | Report Abuse

Bank Negara still hv not apprvd bimb proposals..chang21

Posted by Stockman > 2013-08-13 22:06 | Report Abuse

On June 11, BIMB had received Bank Negara’s approval to start talks to buy LTH’s block of shares in the bank with a deadline to conclude the deal by Dec 31, 2013.

2862862: As chang21 said, buy at RM4.80

Posted by 2862862 > 2013-08-13 22:33 | Report Abuse

Thanks stockman, please monitor KARYON closely. It also will surprise u in short time :)