I am so glad today correction allow me add on more sahre. Will keeping buying before it reach rm 2. Existing contract ALONE will give Mitra 3 years healthy grow. Golden opportunity to catch the next wave
Based on a filing to Bursa Malaysia, the provident fund had on Wednesday (March 4) purchased 1.1 million shares or a 0.28% stake in Mitrajaya (fundamental: 1.7; valuation: 1.8), bringing its stake to 5.14%.
The filing, however, did not state the price of the transaction.
Mitrajaya is involved in construction and civil engineering works and property development.
The counter closed at RM1.65 today, up 6 sen or 3.77%, giving it a market capitalisation of RM626.62 million.
On behalf of the Board of Directors of MHB, AmInvestment Bank Berhad is pleased to announce that the Company proposes to undertake the following:-
(i) proposed bonus issue of up to 222,630,874 new ordinary shares of RM0.50 each in MHB (“Bonus Shares”) on the basis of one (1) Bonus Share for every two (2) existing ordinary shares of RM0.50 each in MHB (“MHB Shares” or “Shares”) on an entitlement date to be determined and announced later (“Entitlement Date”) (“Proposed Bonus Issue”); (ii) proposed bonus issue of up to 89,052,349 free warrants in MHB (“Warrants-D”) on the basis of one (1) free Warrants-D for every five (5) existing MHB Shares held on the Entitlement Date (“Proposed Free Warrants Issue”); and (iii) proposed establishment of a new employee share option scheme involving up to 15% of the issued and paid-up share capital of MHB (excluding treasury shares) to eligible directors and employees of MHB and its subsidiaries which are not dormant (“Proposed ESOS”). Please refer to the attachment for further details on the Proposals. This announcement is dated 13 March 2015.
Xu Yu Fu, the company is yet to announce the EX-Date for the bonus share..you just have to buy the share before the Ex-Date then you will entitle the bonus share
Yes Bernard Tan u r right. so in short, u need to buy 5 mother Mitra to be entitled 2.5 bonus + 1 free WD. U r not entitled for the free bonus/ WD should u buy WC. The conversion price will be adjusted down.
The assumption adjusted exercise price for warrant c is mentioned in the announcement (Page 10). This is because of the mother will be diluted with bonus 2:1. Calculated as ( 0.9 + 0.9 ) / 3 = 0.60.
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....
alphajack
3,685 posts
Posted by alphajack > 2015-02-28 15:14 | Report Abuse
Very strong company Mitrajaya. EPf will tapau more