Posted by Ron90 > 2018-08-17 01:21 | Report Abuse

wah!...this MNRB dying ler.. day by day still not reached bottom yet?

Posted by MoneyMachineGun > 2018-08-17 01:25 | Report Abuse

shit stock waste of time.pn17 coming soon worst stock in bursa

Posted by shareinvestor88 > 2018-08-18 17:16 | Report Abuse

Better sell n invest elsewhere. I bought this stock many years ago. Good profit but no dividend n growth.

Posted by jordanmaggie61 > 2018-08-20 11:32 | Report Abuse

Well done, the profit can let me to buy more food.

Posted by MoneyMachineGun > 2018-08-20 15:08 | Report Abuse

pn17 candidate stock.sell before too late

Posted by shareinvestor88 > 2018-08-22 10:12 | Report Abuse

Sell TP 1.20

Posted by soon9913 > 2018-08-22 20:30 | Report Abuse

Waiting 1.38

Posted by SuperInvestor9 > 2018-08-25 13:47 | Report Abuse

waste of time counter useless stock.mnrb is this going to be a pn17 candidate

Posted by i3unfair > 2018-08-25 16:22 | Report Abuse

What product MNRB sell? Why ask for RI for their cashflow problems?

Posted by joetay7 > 2018-08-25 20:51 | Report Abuse

seems like unfair doesnt even know what mnrb does.

i only know it makes more money than parkson and has no potential issue of entering pn17 like parkson.

lol...............

Posted by newbie4444 > 2018-08-26 11:37 | Report Abuse

I am newbie sure don't know MNRB does. Can explain more to me?

Posted by newbie4444 > 2018-08-26 11:38 | Report Abuse

I got hear many complains here they need RI. Why ask money from shareholders?

Posted by shareinvestor88 > 2018-08-27 17:59 | Report Abuse

profit drop. Better sell n run. TP 80c - 1.00

Posted by apolloang > 2018-08-27 18:01 | Report Abuse

80-1.00 sure cannot lah.will down but cannot down so much lah

Posted by Ron90 > 2018-08-27 18:12 | Report Abuse

q2q only down a little bit, about 3% only and company still making profit ...not losing money !!

Price should not drop this much, if not due to the right issue.

to expand, company usually needs extra money. Which one better, borrow from banks, or injection of fund (right issue) ?..l

Posted by shareinvestor88 > 2018-08-27 21:20 | Report Abuse

likely drop. 1.30 -1.40 possible

Posted by apolloang > 2018-08-27 21:21 | Report Abuse

cannot drop so low cos rights issue price is higher than that

Posted by Rjwealth > 2018-08-27 21:34 | Report Abuse

I sold all my 'free shares' immediately after they announced RI!

I couldn't understand the logic behind the RI when the company has turned around and been profitable for the past couple of years and paid no dividend. They had accumulated RM200m of equity over the past 2 years and now they want to raise another RM400m!?

The NTA is about RM5, ROE only ~7% last year. Now by raising cash, the ROE will reduce further.

Disappointing!

Posted by shareinvestor88 > 2018-08-27 22:47 | Report Abuse

ApolloAng , see explaination by RJwealth. Will drop to 1.00

Posted by joetay14 > 2018-08-27 22:49 | Report Abuse

if drop to 1, that means malaysia is having financial crisis.

do u even know what mnrb is doing, shareinvestor88????

Posted by shareinvestor88 > 2018-08-27 22:59 | Report Abuse

JoeyTan , it does not make sense to call for rights despite profit.

Posted by joetay14 > 2018-08-28 01:27 | Report Abuse

mnrb has to do a rite call, shareinvestor.

as mnrb is a reinsurance, if it wants to expand into other biz, it has to increase its paid-up capital.

no other choice.

Posted by contrarian > 2018-08-28 04:18 | Report Abuse

It shows the profit is fake. Ask money from shareholders is real why buy such ctr?

Posted by shareinvestor88 > Aug 27, 2018 10:59 PM | Report Abuse
JoeyTan , it does not make sense to call for rights despite profit.

Posted by Ron90 > 2018-08-28 07:23 | Report Abuse

profit is real, but not that much, only few millions, how to expand?.. it's normal for company to borrow money, but in MNRB case, should consider lucky coz got back-up by cash-rich PNB.

This should come as a positive sign for investors. Imagine if company borrow from banks + interest ?.. without fund injection, business cannot expand rapidly and profit might stay as it is....forever...

Posted by Ron90 > 2018-08-28 07:35 | Report Abuse

agreed with Rjwealth..where that 200 mil profit gone?...is it mean that by requesting additional 400 mil, MNRB actually needed 600 mil to boost its takaful business??

Posted by shareinvestor88 > 2018-08-28 08:07 | Report Abuse

Making good profit. No dividend. Call RI.
Think logically. My 2c opinion only

Posted by iphone4 > 2018-08-28 11:54 | Report Abuse

Great , the retail players r getting smarter. If the Co. has that great Biz module and needed fresh fund, go for private placement and reward the shareholders with BI.

Posted by sell > 2018-08-28 15:11 | Report Abuse

1.2-1.3 coming. Run.

Posted by BigFish > 2018-08-28 15:37 | Report Abuse

sell fast

Posted by Ron90 > 2018-08-28 16:00 | Report Abuse

haha..wait at 1.00 before buy back

Posted by chkhooju > 2018-08-28 16:04 | Report Abuse

Kena Aids kut.

Posted by apolloang > 2018-08-28 16:06 | Report Abuse

like that rights undersubscribe lah.....or should reduce the rights price to 1.00-1.20

Posted by Ron90 > 2018-08-28 17:08 | Report Abuse

if undersubscribe, ... PNB as underwriter will buy the remaining share

Posted by TheContrarian > 2018-08-29 12:03 | Report Abuse

Bought at 1.59 today.

Posted by shareinvestor88 > 2018-08-29 12:25 | Report Abuse

Better invest else where.

Posted by joetay10 > 2018-08-29 13:06 | Report Abuse

the management really pushing it down to do ri.

seems like i have to really punt into the ri.

Posted by TheContrarian > 2018-08-29 13:12 | Report Abuse

I think it's the pledged shares of certain individuals been sold off as these people don't have the funds to take up the rights.

Posted by joetay10 > 2018-08-29 13:41 | Report Abuse

could be possible, bro thecontrarian.

mnrb usually is not a very active stock but after ri announced, everyday got volume of at least a 100k.

thx for pointing this out.

Posted by Ron90 > 2018-08-29 16:58 | Report Abuse

i think ri was announced for weeks olready la.. and price drop like he77.. only after QR than rebound. I guess, most ppl expect QR result worst..which is actually not bad.

Posted by Ron90 > 2018-08-29 17:01 | Report Abuse

if dont have fund to buy ri, no need la. PNB as underwriter will buy all the leftover.

Posted by TheContrarian > 2018-08-29 17:10 | Report Abuse

I went through the list of top 30 shareholders last night. There are a few individuals in the list who owns a few million shares but these shares are pledged shares. Others on the list are several unit trust funds. I don't think the unit trusts are the ones that sold down, maybe in the initial stage when price was still holding at 2.00. Subsequent collapse in price is probably forced selling followingr margin call.

Posted by joetay10 > 2018-08-29 19:05 | Report Abuse

agreed with u, bro thecontrarian.

if these individuals r holding pledged shares, most likely they will have to sell onto the market to avoid any share dilution or account topup.

the selling started on a steady pace since the ri is announced so this could be the most likely source.

usually individuals investing in major financial institutes dont usually pledged shares, so its quite interesting.

up to anyone's guess.

Posted by Ron90 > 2018-08-30 04:58 | Report Abuse

but another question you should ask..if only due to margin call..why on earth the rest of IB, FM, high net-worth investor did not scoop the shares, if the price really at discount??..

everybody seems in concert and agreement to push the price to the rock bottom !!... everybody now suffer damn hard.

Posted by shareinvestor88 > 2018-08-31 13:30 | Report Abuse

Sell n run. better invest else where. tp 50c

Posted by TheContrarian > 2018-08-31 15:25 | Report Abuse

Buying support came in at 1.58 level on Wednesday. That's why I bought at 1.59 once I knew the big buyer deemed it low enough to buy up.

Posted by latlut > 2018-08-31 15:35 | Report Abuse

Thecon sifu likes asset type stocks. esp those with huge discounted NTA.

Posted by TheContrarian > 2018-08-31 15:43 | Report Abuse

But not property counters. In my 20 years plus investing I never got a chance to own an Islamic insurance company until now because price have been too high for my liking. Now MNRB has fallen to a level where downside is limited but upside could be huge because Islamic insurance has huge growth potential.

Posted by shareinvestor88 > 2018-09-02 00:54 | Report Abuse

Better sell. tp 50c

Posted by shareinvestor88 > 2018-09-03 18:07 | Report Abuse

Still going down

Posted by firehawk > 2018-09-04 16:26 | Report Abuse

How they can sell the RI@1.57 now?

So, they will lower the RI subscription price?