Unorthodox : how can mnrb's this qtr result is lower than corresponding year with all the insurance companies registered better profit. This coming result will definately better off. And they are nit going to invest the profit into bond this year and they will declare div instead
Reported EPS in past QRs had always fluctuated widely over the years due to MNRB being a national reinsurance business. If I am not mistaken, a relatively major fire was reported on national news about three months ago or thereabout. That is why I was a bit pessimistic about the coming QR. But I sincerely hope I am wrong!
It is extremely difficult to project quarterly EPS for MNRB unless we have insider information. I always look at the expected EPS for the year instead! I have good confidence that yearly EPS is at least 30 sen given the expected growth in family takaful business, reinforced by rights issue recently.
Hence, MNRB represents an excellent opportunity for long term investor!
Propose dividend re-investment plan .... Going to announce dividend loh! :D
6459 MNRB MNRB HOLDINGS BHD NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)MNRB Holdings Berhad ("MNRB")PROPOSED DIVIDEND REINVESTMENT PLAN THAT PROVIDESSHAREHOLDERS OF MNRB WITH AN OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND INNEW ORDINARY SHARES OF MNRB ("PROPOSED DRP")
You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
The pending dividend announcement, if proven true, will surely propel MNRB share price well beyond 1.30 in short term and beyond 2.00 in long term horizon!
Indeed QR is late! That is way MNRB share price falls lately! Besides, history shows interim dividend is only declared in the 2nd quarter rather than this 1st quarter!
Fairly good results with EPS at 5 sen and NTA increasing by 10 sen to RM3.01! I suppose the most important news is DIVIDEND REINVESTMENT PLAN will be tabled for shareholders' approval during EGM on 25 September 2019. Historically speaking, interim dividend was declared in 2nd QR (November). Definitely a buying opportunity for value/long term investors.
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....
firehawk
4,782 posts
Posted by firehawk > 2019-07-20 06:12 | Report Abuse
this stupid thing only know speculate, earn a little and run and defame a worth holding counter do not have long sight .....
she will keep the losing stock, e.g. Affin, and average down, bcos is losing money ......