Be patient, jtpc. Already up so much from the time I came in.....it was 2.26.....now 2.63.....has been so profitable......at least on paper........[Even the more popular counter like Supermax....... over the same period of 2 months give more or less the same performance ( 1.88 to 2.37 yesterday )]
MNRB Holdings Bhd reported a 15.62% rise in net profit in the fourth quarter ended March 31, 2018 (4QFY18) to RM29.41 million, from RM25.43 million a year ago, boosted by its business rationalisation exercise, termination of unprofitable ventures, lower management expenses and higher fee income.
In addition, the higher profit was also supported by net gains from the capital reduction exercise in Sinar Seroja Bhd, MNRB said in a filing with Bursa Malaysia today.
Quarterly revenue, however, was 10.76% lower at RM636.71 million compared with RM713.49 million a year ago, on lower contributions from its re-insurance business via Malaysian Reinsurance Bhd (Malaysian Re) and Islamic insurance unit, Takaful Ikhlas Bhd.
I am shareholders and not the managers: I only want dividends for long term investment or I prefer price appreciation for short term investments and to make my wish come true I prefer managers who act like managers but think like shareholders. Is this too much to ask from MNRB? Because I think you can bluff other people you still can not ask the other people you bluff to (the shareholders) to bluff themselves.
All these tak guna to shareholders. They fall and they rise and they fall and they rise again, I mean the revenues for the last 10 years always still in the same certain range.
MNRB Holdings Bhd reported a 15.62% rise in net profit in the fourth quarter ended March 31, 2018 (4QFY18) to RM29.41 million, from RM25.43 million a year ago, boosted by its business rationalisation exercise, termination of unprofitable ventures, lower management expenses and higher fee income.
good fundamental and takaful insurance is on the rise, and the significant shareholders on the list. Right issue is not detrimental to the company if the usage of the capital raised is properly consumed that can further increase the company’s future earnings.
Agree with you, Wai Yoong. This is a good company with a monopoly business. Took the opportunity to buy more today and intend to utilise all the rights too. Buy on fear!!!
no dividend since 9 yrs ago ... asking money from share holders .... the money is not for business expansion but fulfill BNM ruling, earning won't be improve much, but share issued will be more than twice ... EPS will be diluted significantly and valuation will drop .....
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....
EngineeringProfit
20,577 posts
Posted by EngineeringProfit > 2018-01-21 08:53 | Report Abuse
Resistence has just turn into new support.......
Slowly.....but surely.......