The macro economy will of course lift the share price nevertheless, but the fact remains that this counter is behind all other financials and trading way below it's NAPS, is the management going to be sleeping on this? Change or simple fired the useless appointment holders to save cost since things are more or less on auto pilot
Earnings per qtr...1st 3.25sen, 2nd 1.98sen, 3rd 0.82sen...4qtr ?sen...so does that mean we can expect at least 3 to 5sen dividend declaration after 4th qtr earnings announcement on Feb 2023?
If full year earnings is projected to be about 7sens, I would expect at least 4sen to be given and the rest for reinvestment or use it as shares buy back to prop up the share price....price should be trading at least 90sen to RM1.00 with NAPS at RM1.20 if assets rise next year...the NAPS would have gone up to about RM1.30 or more
What is the point for it to be listed if share price is so low? Might as well dispose all assets and return money to investor as in that way they can get back more than RM1.00 for every share they owned. Pity those hold this counter for the last 5 years....still seeing their money stuck there
We hold MBSB more than 6 years average cost RM 0.80. all views valid but one major problem we found EPF holding too big block is the culprit. If EPF cannot push MBSB up. It is better to let go. All started with share holder not management.
The price in 2017 was above RM1.20, it is not just bad but very bad to get your money stuck since 2017 and till date still not making profit all this years.
Loy Loy Cheong, I fully agree with you on this. Yes, MBSB's current share price is only 50% of what it was 5 years ago. Shareholders (large and small) should be very disappointed with the performance of MBSB. Yes, EPF's huge stake plus its top 10 shareholders makes it a very illiquid stock. Maybe its warrant stocks is also a big factor, the warrant issuers might be a big culprit in suppressing the stock price too. I just do not know how long more before MBSB is valued higher. MBSB never seems to be in the radar of big fund managers despite it becoming a fully fledged Islamic Bank. If the merger with MIDF goes through and the price still remains in the doldrums, then it will be a disaster for us shareholders. I consider it just bad luck to hold a stock with so much potentials but market forces just will not allow the stock price to appreciate.
yes, very disappointed indeed especially for long term supporters whom are not even rewarded after all this years of giving their support to MBSB. I see this as a results of poor management, I have in the past dealt with some top management level people over some businesses and I was surprised with the people in that level with very poor business sense, they are marely there to take salary without much contribution to the company. The company have no problem, it is the people managing MBSB that ought to be sacked for not making returns for investors despite taking huge salaries and bonuses.
Loy Loy Cheong, we can only pray that good sense will prevail and EPF realise this bunch of Top Level Managers in MBSB (including the Directors) will lead MBSB nowhere. EPF is also losing 50% of their money in MBSB since 2017. Perhaps EPF can bring in some good people from CIMB, RHB and Public Bank to manage MBSB. After all EPF is a substantial shareholder in these aforementioned banks.
Poor management if compare to other bank . They need 3rd party professional marketing strategy to explore more . My 2 cent . still cheaper than Omega egg .
Perhaps EPF after this merger with MIDF should dispose off a big potion of its holdings in MBSB to other banking parties so that MBSB can move in a different direction. This current Board cannot bring value to MBSB. Let there be fresh blood with a different approach. This is my hope.
The problem is that the quality of clients is not on par with top banks in the country. So margin and risk exposures are high. Probably need to inject proactively new managerial staff & revamp the business focussing on high-value services. Chokra Perhaps EPF after this merger with MIDF should dispose off a big potion of its holdings in MBSB to other banking parties so that MBSB can move in a different direction. This current Board cannot bring value to MBSB. Let there be fresh blood with a different approach. This is my hope.
Just 1 deal to make on MIDF takes 6 months and then another 6 months extension for negotiation just prove that Management is useless, more ever now is the deadline on announcement still no sound no picture. This Management team is a joke to their investors.
What value have they bring to the investors? No capital price appreciation, poor return of dividend...nothing. If that's the case, must well close shop and sell all assets, at least investors will take back RM1.20/share
Loy Loy Cheong, you are absolutely right in your arguments. The fault lies with the EPF, their entire 68% in MBSB got devalued by 50% and they are not alarmed by the root cause. The root cause is an incompetent foolish management team in MBSB. If this happens in America, activists investors will pressure the CEO and his team to leave or they will try to take over and perhaps asset strip the company and return the money to investors. What is the use of running a bank with Rm58 billion capital if they have donkeys running it. They bought over Asian Finance Bank years ago to become a full fledge Islamic Bank but price of shares still deteriorated to 50 odd sen. I don't know why EPF seems to do nothing about the donkeys running this bank. As a shareholder, I am very frustrated.
Dividends RM'000 31 December 2021: - single-tier interim dividend of 3.0 sen per ordinary share on 7,171,483,803 ordinary shares declared on 17 December 2021 and paid on 12 January 2022 **215,145 31 December 2020: - single-tier final dividend of 2.0 sen per ordinary share on 6,975,388,546 ordinary shares declared on 23 April 2021 and paid on 30 July 2021 **139,508 **------- **354,653 **=======
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....
kl_guy
1,604 posts
Posted by kl_guy > 2022-12-09 20:06 | Report Abuse
next resistance at 65sen. lets see .