Done. Closing at 1.06. Ex price of MRCB would be 0.925. OR trading should start at 0.135.

4pm final push up or down before ex date. Seem like down trend is taking shape for now.

odd lots are not good and cant trade via normal trading. Have to engage IB to sell it at lower price and higher fees. If you do not wish to have odd lots, normalize your holding to 2800, 5600, 8400 and so on...

Let s wait and see if there would be any positive announcement to lift back the price even further next week after ex date

That's what I think on why it's up today.

Stock: [MRCB]: MALAYSIAN RESOURCES CORP
Sep 25, 2017 03:33 PM | Report Abuse

when the collection is completed, it would be a reversal of trend, couple with more announcements should the syndicate is involved in this MRCB saga.

Stock: [MRCB]: MALAYSIAN RESOURCES CORP
Sep 21, 2017 10:42 PM | Report Abuse

Selling has been overdone. Price fixing already done, even if u sell now, it won't affect the RI now. It will proceed as planned even if u sell it until 0.79. Just that whoever subscribed RI by then would made loss on the spot. Both underwriter and MRCB won't let that happen. Even EPF and Tabung Haji won't let that happen since they are subscribing. You can sell all you want until next Friday, come the last 2-3 days b4 the ex date, big funds and underwriter will lift back the price. Go ahead and sell, see the retailer 10% shareholding can compete with the big funds of 80% holding.

If you have no extra cash to subscribe RI, then don't buy. If have, consider the incentive of free warrants and make your call.

That EDL sale has been in talk since 2016 lah. Yet, there still no update on it thus far.

With this block, it is confirmed that syndicate is playing in MRCB and is up to something.

Syndicate seem have set the range bound of 1.01 - 1.04. The blocks are set at 1.04 and 1.01. It won't get away from this range until after RI ex date.

sarahdeaton: Your rumor got no weight or standing at all. If you say MRCB secured contract to build highway or new building or even Jack Ma new SEA HQ in Bandar Malaysia, ppl may believe. But disneyland???

ehtan18: before the RI announcement, MRCB was trading around 1.80. With share doubles and EPS diluted, 1.80/2 = 0.90. The price already there. In fact if the closing price is RM1 this Friday, the ex price would be 0.895. The beaten price has reflected the RI thingy.

Now my hope if for MRCB to secure the BM Transportation Hub project and the sales of EDL. How would the price goes from here if these becomes reality in the next few months? From RM0.895 to ...???

Azhar already need to sort the mess in FGV and now MSM also needs his help. That would take off his times and energy to sort out the mess in MSM as well. Dont we have other capable candidate to helm MSM at the first place? Go and get Robert Kwok to helm that MSM. Sure fly high.

Forget about Calvin Tan. The thing is why EPF and the rest of the major shareholders supported this RI. The EGM in July, 80%++ supported the RI. Are they nut to be ok to wipe off the 1.7 billion of MRCB market capital within 4 months?

Tabung haji on paper lost around Rm126milion and need to fork out around rm155 million to subscribe the rights. Ppl in EPF and Tabung Haji should be mad at MRCB Bod and should demand some resignation of the board members and management.

They will still raise Rm2.1 billion cash. Just the shareholders have lost a combined of RM1.71 billion for the last 4 months. EPF is owning around 34%. So on paper, EPF has lost around Rm580million. And yet EPF is subscribing fully and need to fork out around Rm700 million.

3 more days to go. can MRCB defend the RM1.00 price or become a penny stock even b4 the completion of RI? Syndicate has been working hard and manage to push the volume to 146324 shares (highest ever) for the last 2 months. Traded values is around 15 million ++. By spending 15 million ++ and wiped of a RM153.5 million market capital of MRCB on a single day. Apparently, MRCB isnt defending the price at all. RM394 million ++ market capital has been wiped off since last week.

If tracked from May RM1.79 price before the announcement of RI, a total of RM1.71 billion market capital has been wiped off. And they are raising around RM2.1 billion from this exercise. I wonder if the management and BOD of MRCB have ever thought of such catastrophe.

MRCB has EPF and Tabung Haji readily to subscribe. No worry on that.

You need to decide for yourself. If you have extra cash and still believe in MRCB, then it's good to subscribe to the RI. If you have no extra cash but still believe in MRCB, then sell of your OR and keep the ex price MRCB. If you lose confidence in MRCB, then cut loss and move on.

hweilee, you can cut loss and move on or subscribe to the RI to average down or sell off your OR during the 1 week trading to get back some capital and hold on to your ex adjusted MRCB shares.

Im more interested on what they are trying to do and why pushing it down so much from 1.80 until now. How they plan to move it back up to 1.80 within the next 3 months?

Anyway you can always entered a bit first after 4pm today in case they really make an announcement tomorrow or after closing today.

best time to buy is after 4pm on this Friday. That's the last push if the syndicate plans so. Just concern if they gonna stop pushing down on Wednesday and reversal trend starts on Thursday if there is any good announcement on Wednesday evening. We never know what they plan to do after all. But such pushing since May is indeed the work of syndicate. Normal retailers like us wont be able to do so. So far I think they have managed to create some panic sales today as the volumes already 600000 shares traded even before half day.

Agree with goodluck999 on not to enter first.

The formula require MRCB market price b4 the ex date for calculation. Hence, MRCB closing price on this Friday would be used to determine the adjustment.

when the collection is completed, it would be a reversal of trend, couple with more announcements should the syndicate is involved in this MRCB saga.

ex date is 2nd Oct which is a Monday. So the last day to buy MRCB before ex date is this Friday.

If MRCB drops to 0.90 before ex date, the ex price would be (0.90+0.79)/2=0.845. Your OR warrants would be valued at 0.055 during the start of the 1 week trading.

1.25 is exercise price. Not the warrants market price.

Selling has been overdone. Price fixing already done, even if u sell now, it won't affect the RI now. It will proceed as planned even if u sell it until 0.79. Just that whoever subscribed RI by then would made loss on the spot. Both underwriter and MRCB won't let that happen. Even EPF and Tabung Haji won't let that happen since they are subscribing. You can sell all you want until next Friday, come the last 2-3 days b4 the ex date, big funds and underwriter will lift back the price. Go ahead and sell, see the retailer 10% shareholding can compete with the big funds of 80% holding.

not subscribing still can sell off the OR and keep your MRCB shares after the ex date.

FGV still refuse to announce the DI results? From Hari Raya saying things should be resolved but delayed until now...That is a total of 3 months delay.

Once MRCB announced the results of the BM MOU and the sales of EDL, those who have sold their MRCB and did not subscribe to the RI, would start to bang their heads on the wall. It's obvious that this RI has been timed for such big projects. Just see how they have been dragging the price fixing and how they announced all the project wins for the last 1 month.

Yes. That s the MOU I referring to and it went silence since April. The 6 months expiry was in July. Even if the MOU has lapsed or cancelled, MRCB BOD is bound to make an announcement on it. But until now, there is no update on this although it has expired for almost 2 months.

Geo123, I am unsure on that. Do check with your IB or MRCB shareholder relationship.

twentybucks: Do you recall the MOU that was signed in January? They gave an update in April and after that went silence. By right, MRCB should announce what is the outcome of the MOU whether it's a done deal or not. The MOU was for the period of 6 months. It has already pass the 6 months in July and yet MRCB did not say a word about it. 60 days pass the expiry would be in Sept 27.

MRCB still owe us an announcement and it is due soon on 27th Sept.

weiseng1214, the formula for calculation is complicated, better wait for the IB to announce. They have given the formula of calculation in their previous announcement.

Right issue come with a free detachable warrant with every 5 rights share subscribe. If you have additional cash to average down, why not subscribe to the RI and get that free warrant?

invS, you just need to pay 0.79 to subscribe. That OR value is actually a compensation for your existing MRCB share as the ex price would be 0.99 after that. Now the price is trading at 1.19 so minus 0.99, it would be 0.2. For those who doesnt want to subscribe, just sell the OR and get back 0.2. After the ex date, you still holding the mother share at 0.99. You gain nothing and you lose nothing.

theoretical ex price is 0.99. For you to get 0.79, you need to buy the mother share now or during the one week trading of OR on 5th October. Looking at the RI price, the OR would be worth around RM0.2. Hence, you still need to pay RM0.2 to get the OR and then another RM0.79 to subscribe. Unless u guys are hoping that the OR would drop from 0.2 to 0.02 within that 1 week trading.

Thenextwave, it won't be gap down as the RI Price of 0.75-0.80 is expected when mrcb is trading at 1.15-1.20 for the last 1.5 month.

Wait for IB announcement. Should be out tomorrow or Thursday on the adjustment.

it could be yat bowl sing tian or yat bowl ching doi.

Najib just announced Mat Taib to rejoin UMNO. Everyone was like what s so great about that until need to make such big hooha.

sarahdeaton, faster and kiss MRCB and wake him up lah....

zzzzzzz until the prince charming come and kiss MRCB just like sleeping beauty.

no oil back. Surge a while and then drop back. Big fund doing test run before the actual surge?

They are waiting for something b4 RI price fixing. But no idea on what they are waiting for...Could be the sales of EDL or Bandar Malaysia.

MRCB BOD forgotten about the RI that they have announced back in May.

If found not guilty, why the multiple postponements? Isnt that a good news? Is there an agenda to remove Z all this while and hence it has been deliberated for so long until they find something as an excuse to remove Z?

Thanks to ESOS.