after RI, NOSH will be increased from 320 to 767 mil, more than double!.... But with bigger nosh and most of it are being held by govt investment arm...can create high volatility and once they push it up..market cap will increase tremendously !!
Comes next week when the OR listed, people will just throw their entitlement of rights, that will create an arbitrage opportunity at the expense of mother share price, may be it will then drop to below RM1.10!!! I am not buying until OR listing over just to be safe!!!
6459 MNRB MNRB HOLDINGS BHD Important Relevant Dates for Renounceable Rights
Full Description:
Dispatch Date: 04/10/2018 Trading of Rights Start On: 03/10/2018 Trading of Rights End On: 10/10/2018 Stock Par Value:
Last Day and Time for: - Sale of Provisional Allotment of Right: 09/10/2018 05:00 PM - Transfer of Provisional Allotment of Right: 12/10/2018 04:00 PM - Acceptance and Payment: 17/10/2018 05:00 PM - Excess Share Application and Payment: 17/10/2018 05:00 PM
with ratio 5:7, it is like IPO another MNRB in the size of 1.4 of existing. Someone who always sang the goodness of this share has gone missing since the price had successfully push up over the last two days before today. Notice?
Now I am seeing those super good counters : STAR MEDIA GROUP BHD : bottom : Stock: [AIRASIA]: AIRASIA GROUP BHD ( I bot near 3 ) : BIMB HOLDINGS BHD ( strong profit )\ : Genting ( too cheap, and I go casino 10 times loss 9.5 times mean genting is a comfirm profit casino, even If topglove Boss go casino also will loss until no any single sen, Alibaba go also cannot win Casino genting :) : CB INDUSTRIAL PRODUCT HOLDING BHD ( high dividend ) : MNRB HOLDINGS BHD ( deep undervalued and insurance is stable biz than others , even Bank also not stable as MNRB HOLDINGS BHD , because Banks too much in Malaysia )
: Affin ( most undervalued bank ) : MAA ( cash rich )\ : Telekom Malysia ( still the biggest telco co in Malaysia , even now I still feel Tm should higher than Maxis and clecom . dividend also high , dun know why only 3++ ringgit , ??? )
: ORION IXL BHD ( this one no reason I just buy and just buta - buta earn money but I buy sikit - sikit only so no show off lol, in Malaysia goreng is sure goreng up ORION IXL BHD and hiaptek also make loss but limit upppppppppppp ???? )
for my stock I comfirm say 80% is untung money if you buy all because above the company some of them I already paper profit , some is at bottom now ex: genting , mnrb , affin , maa TM, cbind , AA .
i CANNOT SEE WHAT REASON i CANNOT EARN EASY MONEY ??? SORRY IF i MISTAKEN
During par value era, the big player must push up the share price so that the RI price wont lower than RM1. Now they can lower n lower it thus can increase the share quantity. No mercy to the small holders who call them long term value investors.
Just my thought. Given that rights @1.4 times (7/5) the Rights is very large. Normally with large RI, applying for excess (rights) is non-issue esp when the share is not that attractive. Given this reason and if u r still a shareholder of MNRB, U shld sell your current holding (current price is abv RM0.90) and buy it back thr. Excess Right application (yr RI entitlement and Excess Rights, all at RM0.90)
Ppl wanting to buy into OR normally expect a good margin (discount). Don’t expect a good deal selling OR . At current price of MNRB, it is not that attractive
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....
Cipta
1,056 posts
Posted by Cipta > 2018-09-24 10:14 | Report Abuse
probably another reason the co extend the RM320mil because the management not confident they can raise Rm400mil from the RI.