Posted by gark > 2013-06-28 18:40 | Report Abuse

MNRB was a consistent dividend stock for many many years, until the insurance industry fared badly during the 2008 financial crisis. Other reinsurance companies including General-RE, Berkshire Hattaway-Re is also badly affected during the time. This leads to MNRB de-risking by building up it's capital reserves & future liabilities hence holding off dividend in 2009.

Based on the books, MNRB has somewhat recovered from the damage and it's books are very healthy again. It started repaying small dividend in 2011 & 2012, and should be back to paying majority of it's earning as dividend in the future like it did previously.

Based on cash and available for sale securities, it is holding about RM 3+ net cash on it's books.

Posted by newbiestock > 2013-06-28 18:47 | Report Abuse

yea gak mnrb is a gem i bought alot had a friend in an investment bank told me to bai cos they wil anounce special divident soon i got 49k

Posted by ryan7642 > 2013-06-29 08:58 | Report Abuse

Still can buy cos compare the price b4 news announce is up about 0.17 only (3.4 to 3.57) which mean if the div is 32cents so shd hv surplus space to increase further:)

Posted by tonylim > 2013-06-29 10:02 | Report Abuse

newbie u bght rm2.50 range

Posted by prudentinvestor > 2013-06-29 16:06 | Report Abuse

If the company can maintain its earnings this year, its share price should shoot past RM 4.00 per share. In 2006/07 MNRB touched RM5.80 per share.

Posted by charlesyds > 2013-06-30 12:35 | Report Abuse

prudentinvestor ... didn't find any note on the tax credit in the annual report or Q results, remember it was raised during previous AGM, how much is the credit

why then the div not declared tax exempt

hope you can help us understand

Posted by newbiestock > 2013-07-01 09:21 | Report Abuse

dis is damn good stock so much divident can enjoy nicely

Posted by prudentinvestor > 2013-07-01 17:06 | Report Abuse

As far as I am aware, companies listed on bursa should start paying tax exempt dividends starting 2008, only companies with sufficient tax credit could still pay franked dividends till 2013. Companies like BAT, Acoustec, Yilai etc had already started paying tax exempt dividends years ago because they are high dividend payers and had used up their tax credit. I hope I am not wrong.

Posted by ryan7642 > 2013-07-02 21:55 | Report Abuse

Buy before the official announce on the div ex-date in aug..I do believe still have some space of profit to capture (10-20%) after the news officially announce so happy investing:)

Posted by Avocado_C > 2013-07-02 23:19 | Report Abuse

Since the single tier system was introduced in 2008, companies with s108 tax credit balance are allowed to distribute frank dividend till s108 balance is fully utilized or up to 31.12.2013 (whichever earlier), after which the s108 account is deemed zerorised, and all dividend will be tax exempt. I also tend to think that the substantial dividend is related to the unutilized s.108 balance.

Posted by Avocado_C > 2013-07-03 00:41 | Report Abuse

Extracted from MNRB 31 March 2012 Annual Report p.205:

The Company did not elect for the irrevocable option to disregard the Section 108 balance. Accordingly, during the transitional period, the Company may utilise the credits in the Section 108 balance as at 31 December 2007 to distribute cash dividend payments to ordinary shareholders as defined under the Finance Act 2007. The Company also has tax exempt income available for distribution of approximately RM60,588,000 (2012: RM60,461,000) as at 31 March 2012. As at 31 March 2012, the Company’s Section 108 balance amounting to RM148,862,000, are sufficient to pay franked dividends out of its entire retained earnings.

Posted by charlesyds > 2013-07-03 09:57 | Report Abuse

great, with dec 2013 only months away, will mnrb declare more dividends to use up the tax credit

Posted by Caiyi Choo > 2013-07-16 11:26 | Report Abuse

3.40 i wana buy any chances?

Posted by bonbon > 2013-07-17 11:16 | Report Abuse

The chance is there. As for me, I'm not gonna to rush into this counter now, PNB is dumping it everyday. I rather buy with a bit higher price when it is truly moving on uptrend than waiting endlessly

Posted by Caiyi Choo > 2013-07-18 11:21 | Report Abuse

Bon bon give me a tinkle when iz the best time in i aim 3.40

Posted by Superb99 > 2013-07-18 17:06 | Report Abuse

Hovering around 3.5 level...

Posted by newbiestock > 2013-07-22 10:49 | Report Abuse

big divident soon to declare so buy now for upside. worth at least rm6 this stock

Posted by Superb99 > 2013-07-22 13:42 | Report Abuse

Big dividends to be declared soon??? How big is that? Worth RM6, looks a bit difficult...This amanahraya trustees keep on disposing the shares, they don't want the dividends???

Posted by AK $$ > 2013-07-22 14:43 | Report Abuse

The announcement is June 2013 said dividend of 32% subject to shareholders approval. Could it be that

Posted by AK $$ > 2013-07-22 15:01 | Report Abuse

but no general mtg until today. So how to declare div in near future

Posted by cherry tomato > 2013-07-22 15:05 | Report Abuse

Dividend upon approval in forthcoming AGM with to be held end of Sept.

Posted by cherry tomato > 2013-07-22 15:07 | Report Abuse

so expect price yoyo B4 dividend date fix, as net only 0.24cents

Posted by newbiestock > 2013-07-22 15:10 | Report Abuse

dont take amarah raya disposing of stocks too much OK. they are fund managers. that also amanarahraya. dont read into it too much OK .

Posted by newbiestock > 2013-07-22 15:11 | Report Abuse

i did tell u fellas hlind at 4.3 yeah. now i am telling u to buy mnrb. if u want to make money ler. if not. dont buy. better for me LOL

Posted by tonylim > 2013-07-22 17:27 | Report Abuse

hey retard, is this what you call "contribute" to I3.
LOL

Posted by tonylim > 2013-07-22 17:29 | Report Abuse

hey retard, is this what you call "contribute" to I3.
LOL

Posted by prudentinvestor > 2013-07-23 17:05 | Report Abuse

Last year, MNRB officially announced the proposed first and final dividend on the 30/8/12 and payable on 26/10/12. The date for the first and final dividend to be announced this year is expected to be about the same as last year. Approval by shareholders at the forthcoming AGM to be held in late September is only a formality. Once officially announced and with the ex-date and date of payment known, I believe MNRB’s share price will move by over 5% from the present level. Just look at the performance of Perstima shares after the official announcement of a 26.5 sen dividend.

Posted by Grandma > 2013-07-25 22:15 | Report Abuse

Yes , but closer to approval

Posted by AK $$ > 2013-07-26 11:29 | Report Abuse

got price movement now

Posted by Caiyi Choo > 2013-07-29 20:38 | Report Abuse

3.40 i will in the sto k when ...

Posted by klchew1976 > 2013-08-03 19:01 | Report Abuse

Good time to in now? 3.48...

Posted by Superb99 > 2013-08-05 10:42 | Report Abuse

The price have been hovering around RM3.5 since months ago...

Posted by klchew1976 > 2013-08-05 23:18 | Report Abuse

so mean now everyone is waiting for the dividend annouchement...

Posted by cherry tomato > 2013-08-06 17:17 | Report Abuse

never fix the ex-date. Therefore in-out, in-out profit taking few time first

Posted by Caiyi Choo > 2013-08-07 17:25 | Report Abuse

Isit time yo go in ?any expert pls adv

Posted by prudentinvestor > 2013-08-12 22:22 | Report Abuse

Nobody can claim that he is an expert. Savvy speculators may make more money in the stock market. MNRB has been a profitable company over the past 5 years, net earnings per share ranged from a low of 12.3 sen during financial year ending 31/3/2009 to a high of 57.7 sen during financial year ending 31/3/2011. The average EPS over the 5 year period was about 38 sen. 7 to 8 years ago, the top 30 largest share holders still held over 90% of MNRB shares. Today it has dropped to just over 70%, meaning major share holders have been selling MNRB shares.

Posted by Caiyi Choo > 2013-08-13 10:13 | Report Abuse

Price seem highernow than i expected 3.48 now 3.66 hope will low n buy it

Posted by ryan7642 > 2013-08-13 12:13 | Report Abuse

kinda hard d cos is too near to its qtr report n also the div ex announcement..

Posted by ryan7642 > 2013-08-13 12:23 | Report Abuse

so better buy now before it breach next lvl (3.8 n above within this wk)

Posted by newbiestock > 2013-08-13 12:39 | Report Abuse

buy now before too late.

Posted by newbiestock > 2013-08-13 12:40 | Report Abuse

dont make the mistake like some stewpead people here who buy once it is up alot. this counter will go up alot due to divident and other thing. which is a secret for now. buy

Posted by prudentinvestor > 2013-08-13 17:02 | Report Abuse

Remember to sell also once you make some money. The largest share holder, ASB may decide to unload some shares. It has been trimming on its MNRB shares for the past year.

Posted by Superb99 > 2013-08-15 08:52 | Report Abuse

why ASB keep dumping this shares, no potential growth?

Posted by caca3109 > 2013-08-15 11:18 | Report Abuse

the price compare to Takaful,it is very cheap!

Posted by prudentinvestor > 2013-08-15 16:11 | Report Abuse

This counter is somehow not recommended by many investment banks. ASM and ASB have been selling MNRB shares for the past one and a half years. The only plus side is the 32% dividend to be announced later this month.

Posted by Caiyi Choo > 2013-08-15 16:11 | Report Abuse

Yea keep up wor

Posted by klchew1976 > 2013-08-15 17:20 | Report Abuse

my remiser also ask me to sell off....

Posted by Grandma > 2013-08-15 19:27 | Report Abuse

Sold of this one ......profit .above the 26 cents dividen already

Posted by fishbone > 2013-08-15 21:38 | Report Abuse

With dividend yield of 6 to 7 %, PE of 7, rich cash flow, net asset RM 5.30, MNRB at RM 3.83 is still very cheap and remains a hidden gem!

Posted by Caiyi Choo > 2013-08-15 22:37 | Report Abuse

So can go in ar for 3,83 i missed when rm3.47