Buying back shares and pay regular dividend mean a stable Co.

Apart frm Plantation stk. any other infor, to add. The price movement is too great to be just speculation.

@ my correction - if v feel it is a " con job" , let it go.

Education is not the learning of facts, but the training of the mind to think - AE. V cannot outsource our thinking to others. Icon88888 is just sharing his view and sharing is caring. If u feel it is "con job", just let it go.

Let's hope v r right at ABMB. Picked up some at RM2.57

@commonsense If v choose to convert the RCULS within the 5 years period, v can get another 600 shares. So, effective cost of investment RM1350/2250 = RM0.60 per share excl 250 war

Alcom is user of Aluminum metal . Shortage means it will hurt Alcom end product. How come u guys come to the conclusion it is a win win for Alcom.

@The Contratrian - A letter of undertaking is an assurance by one party to another party that they will fulfill the obligation , meaning PNB/Amanah will subscript fully their RI entitlement, not on (related) Excess Application. The undertaking may include to take up the balance unsubscribed shares , more as a guarantor to MNRB RI - this has nothing do with Excess Application. Excess Application means must put money forward - don't U it think it makes more sense to stay as undertaker than put money forward in Excess Application.

Let's us no debate further on this. V r right in our own "thought" , not necessary right.

@Cipta - U got it right. Did talk abt it when it was trading @RM1.14. Very high possibility of under subscription. Don't worry abt the "big boys" submitting the Excess Application. Minimum public spread needed for listing.

@The Contrarian - Only if they submit their Excess Application. If they do, they r damn stupid - they will distort the public listing rule.

@TheContrarian - pg 23 talked abt equitable distribution. This applies only when Excess Application exceeded the under subscription. Take this working example - At close of RI submission , Subscription rate was 80% , meaning 20% under subscription. If the excess application exceed this quantum, equitable distribution applies (Pg 23). Amanah Saham Bumiputra and PNB cannot just "sapu" first . Btw Amanah and PNB hve restricted holding % ( listing requirement) in MNRB. Under Bursa Public Listing ruling, minimum public spread (Public shareholding) is required

@The Contrarian Quote " Even if retailers apply for excess they will be given proportionally ....."

For public listing , the minimum public spread needs to be maintained. So, if the RI is under subscribed, the first preference goes to the public application. Only if the Public excess application exceeded the unsubscribed RI, then the proportionate ratio applies. The undertaker, Amanah Saham Bumiputra and PNB only take the balance (left over).

@Cipta - V hve the right to be suspicious of creative accounting or whatever hidden agenda. As a small time investor v hve to depend on our best guess to invest (buy or sell). Looking at MNRB 2018 Annual Rept – healthy growth of Shareholders’ Fund (2002-2018) and the top 30 shareholders r mostly institutional Investors. Institutional Investors hve the best team of forensic Accountants to look for performance and bad issues. My best guess, since they (Inst. Investors) r in, it is safe. And as for not rewarding Shareholders thr the normal divd channel for a couple of years, give them the benefit of doubt, they r on temporary capital preservation for Capital needs. And best of all, now the price is attractive enough to put a little money in it. It wld be interesting to watch tomorrow trading of OR. Maybe can get a little killing.

@Nicholasming91 -The ex-date for RI entitlement was Sept 28, 2018 – meaning if u buy MNRB after this date u r no longer entitle to the RI. Those dates in my msg r related to dispatch doc/submission/payment of RI. If u r still interested in the rights u can buy the Provisional Allotment of rights (OR) to subscribe to the RI. Trading will be on Oct 3.

@Nicholasming 91 Hope this helps. Can this infor @ http://www.bursamalaysia.com/market/listed-companies/company-announcements/5915933

MNRB HOLDINGS BERHAD

Title/Description RENOUNCEABLE RIGHTS ISSUE OF 447,445,870 NEW ORDINARY SHARES IN MNRB HOLDINGS BERHAD ("MNRB" OR "COMPANY") ("MNRB SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 7 RIGHTS SHARES FOR EVERY 5 EXISTING MNRB SHARES HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 2 OCTOBER 2018 AT AN ISSUE PRICE OF RM0.90 PER RIGHTS SHARE ("RIGHTS ISSUE")

Despatch date 04 Oct 2018
Date for commencement of trading of rights 03 Oct 2018
Date for cessation of trading of rights 10 Oct 2018
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 23 Oct 2018

Listing Date of the Rights Securities 31 Oct 2018

Last date and time for Date Time
Sale of provisional allotment of rights 09 Oct 2018 at 05:00:00 PM
Transfer of provisional allotment of rights 12 Oct 2018 at 04:00:00 PM
Acceptance and payment 17 Oct 2018 at 05:00:00 PM
Excess share application and payment 17 Oct 2018 at 05:00:00 PM

@Cipta - MNRB is profitable Co. Listing status has its advantages and I wld think PNB will not pull the “ plug” to go private. It was a ‘darling” shares those good days with good divd yield. If there is dividend policy in place, so much better. If u can get the OR less than RM0.05, invest a little money in it. Buying below Par value ( RM1.00) is deal.

@ Ron90 -Yes PNB has given an undertaking to subscribe to those unsubscribed rights. But the first preference will be given to existing shareholders who subscribe for the excess. If v sell our current holding (shares) today @RM1.14, v can buy back thr. Excess rights @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

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)

Asset backing is RM5+ and taking it private at RM3.00 is already at a big discount. Plus in the revaluation of its land bank property , the Offeror made a big killing.

Accordingly, TA listing status will be mainlined. Am sure if the offer is successful, the Offeror wld like to see a better trading price for TA. Just my thought, hold on to yr shares if you feel the deal is shitty.

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.

If RM400 mil was the quantum to be raised , then based on 320mil shares the shareholders need to fork out RM1.25 for each share hold thr RI. The last time the Co. rewarded the shareholders were dividend paid was in 2014 and BI 1:2 in 2016. Since then the minority shareholders were left in the cold. If the company needs to enlarge the Share Capital , why not issue Bonus shares. Just my thought - why put money there.

Crisis means danger or opportunity. The Financial numbers r intact and if v take the current sell down (crisis) as temporary, it means an Opportunity. If you feel there is an opportunity to make money at this price, just buy.

BNegara has imposed a penalty on Ambank for non compliance of with certain regulations - which may hve affected the international standing of the Bank. RHB/AMMB merger will make a lot of things go away. The deal will go thr. and Kwap is not any private party. If v r betting on the worst scenario of 1x bv takeover (all cash) it is still a good deal to hold on to the shares.

If I read it correctly, ANZ bank is willing to sell its stake at 1 x book value , there is no problem for the price to move to RM5.32 (current Naps).

If the deal goes thr,Take the total Cash offer. Since Goldis raised the first tranche of Preference Shares (RCPA) 2015-2020, divd has been "shitty" for the shareholders (Goldis). With another tranche to be raised, it is going to be worse. Commitment to Preference Shares need to be paid first.

At RM1.50+ good to take a little risk to buy in based on Naps and the past divd track records.

FY 2016, no dividend paid, Co needed to conserve Cash. For FY 2017 , if Qtr 2 performance is maintained and a possible interim divd, then the picture will be clearer. Just hold for another month or so to make your next decision , to sell or hold.

Fren, if u read the thread back to 2014 there was a lot talk on pro and con abt this Co. Back then it was 60+ sen and most ( of them ) holding it for the 5sen divd. Those guys , if still holding now it, is laughing to the bank.

Warrant has no money but if there r big investors wanting a stake in Mflour, buy in warrant is the best choice to accumulate becos of the trading volume . Mflour (mother share) is very low traded.

At the Casino, ppl take bets @ 49% chance of winning . What r the chances of winning buying in MFlour WB today. Mkt still trading- Ignorance ? or there r a lot ppl smart out there.

@Abudance if u r still interested buying MFM WB

Profile for Warrants
I
Listing Date : 14/05/2012
Issue Date : 10/05/2012
Issue/ Ask Price : Not Applicable
Issue Size in Unit : 107,644,606
Maturity Date : 09/05/2017
Revised Maturity Date :
Exercise/Conversion Period : 5.00 Year(s)
Revised Exercise/Conversion Period :
Exercise/ Strike/ Conversion Price : MYR 2.0600
Revised Exercise/ Strike/ Conversion Price :
Exercise/ Conversion Ratio : 1:1
Revised Exercise/ Conversion Ratio :
Mode of Satisfaction of Exercise/Conversion Price : Cash
Settlement Type/ Convertible into : Physical (Shares)
Remarks : The Warrants can be exercised at any time on or after the date of
issue of the Warrants up to Expiry Date (both dates inclusive).
Each Warrant entitles the registered holder during the Exercise Period to
subscribe for one (1) new MFM Share in the share capital of MFM at the Exercise
Price, subject to adjustments in accordance with the provisions in the Deed
Poll dated 21 March 2012.

@Amit , Divd 20 sen , electable portion 16 sen at a discounted MB price of RM7.25

Hope u r right, buy now at cum Bonus. Fair to those individual who wants to buy now, pls check with the Registrar, otherwise can be one big mistake. My reading -The Bonus Issue is conditional upon the completion of the RI

@hng33 if I read it correctly from the prospectus , the bonus shall be credited on the basis of 2 Bonus for every 5 BHB shares held after the completion of the RI, meaning it is already Ex Bonus.

A little analysis – working on a projected annualized dividend of 8 sen on the enlarged Share Cap, the yield is 3.70% (8/2.16) whereas the opportunity cost is 4% (Bank FD rate). And for capital gain, based on BV, current price is already trading at a 31% premium and add to that, it is a controlled stock. If decision to buy at this price is based on wat r the “odds”, personally, I will sit it out under the current weak mkt. V may miss the opportunity to accumulate, but it is ok to miss it , than regret making that decision to buy, knowingly it is not ok yet.

Just sharing - Warrant expiring 9/5/2017 @ conversion RM2.06 1:1. Buying into warrant is hedging the future mother's price at a lower entry cost. For reporting purposes, currently the MFlour WB carries no money. Warrant wld be at a disadvantage if the expiring period is nearer. Minus a hostile take over of MFlour, I don't see any other way you can make money by buying into warr. now.

If based on price to BV and dividend yield aft the Rights, the price downside is still high. Any good reason why u guys want to buy in at this price.

Got the email cfm on my net dividend this morning. My DRS gone missing too. Call the Registrar, said never receive application. No point to argue .

Young Man, high possibility the mail never reach the Registrar . Clearly stated in the DRS application , date of posting not consider a valid date for acceptance. Btw u recd the divd advice already

Today 25/4 - dividend payment date . If you normally get an email advice on divid credited to you bank a/c , you shld receive an email by end of day or tomorrow. Net (Bal) dividend means your DRS is successful.

Hi good to visit Goldis forum again. I see familiar members . So, u guys make good money. At RM2.75, the upside is still strong. BV already at RM4.00 and Qtr 1, 2016 announcement will be out soon.

@Angielim, Capital Repayment Plan can involve a multiple proposals, there is no straight forward answer. It has to be looked at why the promoter of that company is doing it.

@AdCool/Angielim, just add a little - if you accept the DRS, your entitlement wld be 163 new shares and net dividend of RM1.48 credited to your designated bank a/c

@AngieLim9955 - Technically, DRS is a win win situation. Frm the Company stand point there will be additional shares issued complimented by additional Cash and increase in reserve through the price difference (DRS Offer Price minus Share Par Value) putting CIMB in a stronger financial position - that is your benefit too as a shareholders. Add to that you have the opportunity to accumulate additional shares through discounted price (in this case 10%). Investing is an art, not an Engineering rule where if you put two things together you get a “plus”. Life is all about choices, the decision is all yours.

Revenue stamp RM10 and postage RM0.60

@Angielim9955 , it depends on you allocation. Take the example your holding 6K CIMB shares, your allocation would be 163 shares (on assumption full dividend allocation). If you accept the offer, the buying in price would be RM4.105 (163X4.04 +10.60). If you think CIMB price can be better than RM4.10 after all ex, then take the DRS - this is the simplest way I can look at it

@AdCool you right - RM4.60 -0.11 :RM4.49. DRS subjected to 10% discount. If CIMB expects 60% take up (DRS), mati mati it has to defend the price. Maybe aft ex DRS, it can be free fall.

Agreed, stand alone ,odd lots are nuisance if you get it frm Bonus etc. But CIMB/Maybank hve the regular DRS to accumulate to 100 units (tradable lot) . Of course this is only good for those who hve short to mid term holding power.