Posted by saloma > 2013-08-04 21:57 | Report Abuse

RM2.18 (from RM2.23) on ex-rights price basis.
can anyone explain what does this mean?
TQ

Posted by apprentice > 2013-08-04 22:22 | Report Abuse

That's the price expected after rights. But it was not mentioned the rights price and ratio. Stick to the original figure (3.60) so not to confuse yourself.

Posted by heeroo > 2013-08-04 22:34 | Report Abuse

How to calculate after rights price.. ordinary shares now 1.7billion, current price @ 3.07.

Posted by apprentice > 2013-08-04 22:45 | Report Abuse

Forget about the 1.7 B shares, its just a company figure.

Lets say rights 1 for 1 at rm1 per right.
Price of mbsb at rights 3.00.
So its 3 + 1 divide 2, giving the Xrights price as 2.00

My guess is the rights will be at least 2.00, making the Xrights at 2.50.

Posted by heeroo > 2013-08-04 22:52 | Report Abuse

Apprentice, this practice will benefit to existing investors or not?

Posted by heeroo > 2013-08-04 22:53 | Report Abuse

Attach with warrant?

Posted by apprentice > 2013-08-04 22:57 | Report Abuse

Of course the sweetener will be there. Free warrants.
Benefit shareholders? Depends. You need to read the letter to shareholders carefully. Many factors to consider, will discuss only if it materialise.
Personally, I will not subscribe to rights if mbsb remains above 2.50.

Posted by Abudance > 2013-08-04 23:30 | Report Abuse

EPF will keep buying and selling... Cos she they bought it lower than 2.50. By the way, when was the rights issues announced, please

Posted by heeroo > 2013-08-04 23:40 | Report Abuse

Announce? Where to discuss.. EGM? AGM? Non Controlling Interest/ Minority shareholders will happy? Merger with RHB will conquer the market?

Posted by apprentice > 2013-08-04 23:47 | Report Abuse

Right Issues not announced yet. Just the IBs looking at mbsb books and opines that the only way to go is rights issue to beef up its paid up capital. They are looking at end of year where rights will be carried out.