Remarks : Following the Bonus Issue, the exercise price and number of outstanding Warrants-A shall be adjusted in accordance with the provisions of the Deed Poll ("Adjustments").
Additional Warrants-A arising from the Adjustments will be allotted and issued to the holders of Warrants-A whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date.
Bonus shares should be in ur account started yesterday provided u bought the share prior to 3rd sept.
Anyway, the share price now is down 10% after bonus share given. (bear in mind, bonus share didn't change the overall value of the share, u get 2x amount, but share price divided by half)
If u believe in the fundamental of this company, it would be even better buy now as compared to prior bonus.
To me, 2nd Qr shown improvement compared to 1st QR despite MCO.
I expect a better result of 3rd Q compared 2nd Q as palm oil price now is higher compared to 2nd Q, and hopefully some recovery in manufacturing segment.
Current price=0.675 1st Q:EPS: 1.4 sen (should be 0.7 sen now given bonus 1:1) 2nd Q: EPS: 4.17 sen (should be 2.08 sen now ) if they can maintain at 2.08 sen per Q for the remaining 2 Q, Total EPS: 0.7+2.08+2.08+2.08=6.94 sen Forward PE <10 (if we assume no increment of EPS per Q despite relaxation of MCO)--which I think a bit unlikely given higher palm oil price.
However, one thing to take note is that, MBL investment holding segment for 1st and 2nd QR is losing money. Will this segment continue to make lose? (I found MBL investment target (FIHB and CCB) a bit weird as compared to usual ppl choice).
Overall, it is a growing net cash company based on past record.
Not buy or sell call. Read and analyse urself. Above just personal opinion.
MBL is good company, always get profit, cash in hand company, now drop 15%, enter this counter now is the good time, when market rebound, MBL will go to 0.85, tp 0.85/0.90
I called this MBL "Little Jeff Bezos" (you know what i mean?) LoL... Price range 0.595 - 0.63 have quite good support level, current price consider at bottom level.There are few engines to boost up the future share price of MBL: 1. CPO price maintain at high level (Palm Oil Theme) 2. Paper mill related business (maybe), as Jingxing Holdings a china listed company were started buying MBL this year. (Paper Theme) refer website: https://www.zjjxjt.com/en/enterprise/enterprise1-569.html 3. Wastewater treatment system, shared by bro @Justin328 link stated at above thread (green-energy / sustainable environmental Theme)
Base on this 3 catalysts, I believe you can put this Little Jeff Bezos - MBL in your watch list.
Give them some time, they just started the wastewater treatment system last year. Their vision is aims to secure 500 customers (mainly from Malaysia, Indonesia, Thailand, Latin America and Nigeria) by 2024.
MBL will getting more attention as MBL is a palm kernel oil expeller manufacturer specializing in palm oil and oil seed crushing machinery. It should benefit from high palm oil price ( it small scale plantation should recover from loss). Any further drop will be good chance to buy...
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....
Justin328
480 posts
Posted by Justin328 > 2020-08-18 22:33 | Report Abuse
Remarks :
Following the Bonus Issue, the exercise price and number of outstanding Warrants-A shall be adjusted in accordance with the provisions of the Deed Poll ("Adjustments").
Additional Warrants-A arising from the Adjustments will be allotted and issued to the holders of Warrants-A whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date.