Wednesday, February 6, 2013

IGBREIT Let's Scalp On This ^^

 
 
1. IGBREIT - Scalp on this guy twice today. All realised 1sen profit. ^^ Bought in 1.36 and sold at 1.37.
 
2. QCAPITA - Bought more at RM1.18. ^^ Dividend too good to be ignored. ^^ Wish me luck.
 
3. Watchlist - IGBREIT, QCAPITA, CARLSBG, TMS, MKLAND, ACOSTEC.
 
4. alwayswin, thanks for the cautious reminder.
 
5. ck5354, thanks for the video clip.
 
6. All regional doing better than KLSE :(. Somehow GE really affect the sentiment of our bourse.
 
7. Good Luck. Trade carefully as advised by alwayswin. ^^

47 comments:

horse said...

PBBANK declared 30sen dividend. ^^

horse said...

hng,

Good luck to your mbf. ^^

Jason Sim said...

Hng,

You still hold ccm or cut loss already?

Thanks

twshien said...

hello guys,

what does *S means in bursa web trading system?

thanks.

yh said...

S mean suspended

ck5354 said...

Description
:
MBf Holdings Berhad (“MBfH” or the “Company”)
Receipt of Notice of conditional take-over offer



Attachments
:
Notice-Conditional take over offer.pdf

Announcement Details/Table Section :


The Board of Directors of the Company (“Board”) wishes to announce that the Company has today received a notice of conditional take-over offer (“Notice”) from Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad), on behalf of Tor Private Limited, Nadin Holdings Sdn Bhd, Impact Action Sdn Bhd and Market Share Investments Limited (collectively referred to as the “Joint Offerors”) on the Joint Offerors’ intention to acquire the following:
(i) all the remaining ordinary shares of RM1.00 each in MBf Holdings Berhad (“MBfH Shares”) which are not already owned by the Joint Offerors;
(ii) all the remaining warrants 2003/2013 (“Warrants”) not already owned by the Joint Offerors (“Offer Warrants”);

(iii) all the new MBfH Shares which may be issued prior to the closing of the Offer arising from the exercise of the outstanding Warrants;

(iv) all the outstanding Class A United States Dollar denominated redeemable convertible secured loan stock (“RCSLS”) not already owned by the Joint Offerors (“Offer RCSLS”); and

(v) all the new MBfH Shares which may be issued prior to the closing of the Offer arising from the exercise of the outstanding RCSLS.

for a cash consideration of RM1.50 per MBfH Share, RM0.50 per Offer Warrant and RM4.64 per Offer RCSLS.

The Board does not intend to seek an alternative person to make a take-over offer for the Offer Shares.
A copy of the Notice is attached herewith. The Notice will be posted to the shareholders of MBfH within 7 days of its receipt.
This announcement is dated 6 February 2013.

Derick said...

Hng
Once MBF privatize at current level of Rm 1.50. How about dividend ? Thanks

Teng said...

Derick

Unless complaint by minority shareholders,dont think there will be any dividends or special dividend. Eonbank paid special dividend which agreed by HLB after some shareholders not happy with price offered

Teng said...

Missed MRCB at 1.22 yesterday and again today

All-Any comments on MRCB?

hng said...

Any dividend payable by MBF will be deduct from offer price. Perhaps, MBF will declared franked dividend of 40sen (30sen nett), but the offer price will adjust downward 30sen

hng said...

Market just briefly slump below 1600 pts, now already pare down loss, perhaps may even return into positive

Teng said...

Agree with Hng.High possible market will turn positive today

Derick said...

Hng/Teng
Thanks. I also monitoring MRCB. For me not at the moment yet.

Eric Kang said...

Hi Hng,
Sorry for my stupid question....
I am a newbie...
MBF said last time that they planned to pay out dividend of RM1.
And now the CEO wants to take the company private for RM1.5.
So if he takes over the company and does not pay the RM1 dividend, would he be more beneficial than a year ago with offer of RM0.65?

RM1.5- RM1= RM0.5 which is much lower than his offer of RM0.65 a year ago?

Appreciate your comments. :)

hng said...

Sold off all MBF at 1.50

Teng said...

Hng

Congratz on your MBFH

Why people want to buy at 1.50?End of the day,they will get 1.50. Unless they hope offer price will be revised upward

cheeheng said...

sold all MBF@ 1.50

caryn said...

the offer for MBFHLDG is at RM1.50, why some still willing to pay RM1.51 for it?

ck5354 said...

sold all mbf at 1.48

ck5354 said...

YTL 1.56 and YTLPOWER 1.53

Different 3 cents nia.

Will it declare privatization????

hng said...

I think Tan Sri is accumulating more MBF at 1.48-1.50, to increase further its stake to exceed 90%, compulsory acquisition.

hng said...

Eric Kang

This is the advantage of being major shareholder, Tan Sri know very well MBF worth, but market ail to recognize it. That why he offer just 65sen in 2010, 28% premium to market price at that time of about 52sen. But, minority reject the offer


Now, market price already at 1.20, again Tan Sri offer 25 premium in a bid to privatize it again at 1.50

Derick said...

Sold all MBF at Rm 1.50

cheeheng said...

hng

bit disappointed offer price not even close to your estimate of 1.70-2.00. Tan Sri knows his maths well.

cheeheng said...

bought more muhibbah @81.5

hng said...

cheeheng

Unless, all minority corporate again and press pressure on MBF management, to at least declare special dividend without the need to adjust offer price.

hng said...

Bursa issue UMA to CAP, for its sudden slumping in share price !?

share slump and share surge also query by bursa !?

I think with UMA, if nothing adverse news from management, CAP share price should be stabilize for now on and may rebound afterward

ck5354 said...

Hng plan to go in 2nd round for CAP???

I-®on said...

KLCI turn positive jor

Teng said...

Index already turn positve. Damn fast

ck5354 said...

WCT-wb in discount again???

Teng said...

Something wrong with FTSE Index?+2.80 for past 15 mins on my Maybank IB portal

I-®on said...
This comment has been removed by the author.
hng said...

ck5354

CAP, lesson learn yesterday. no more risking stock.

horse said...

Congratz to all on mbf

tcg82 said...

MBF -sold remainder at 1.50 this morning; thanks again; 888

Eric Kang said...

TQ Hng for your comment...
Happy CNY to all here! 888!

ck5354 said...

Kamsia Teng for ytlpower.

http://ck5354.blogspot.com/2013/02/kamsia-teng-for-ytlpower.html

hng said...

YTLP may first time in a year trade higher than YTL

Teng said...

Hng

If YTLcorp < YTLP,then it may be share+cash. If YTLP can dispose power unit to 1MDB,then it can pay special dividend,then 1:1 share swap

ck5354 said...

ytlpower is matching ytl price now.

ANytime announce or what????

What is francis yeoh doing???

tcg82 said...

ck,
you'll have 2 join his house of prayer b4 listen 2u ;p just joking hahaha 888

ck5354 said...

CNY mood already.

No mood to kerja.

He he he.

tcg82 said...

amedia, anyone?
transfer to mainboard all ready & set; just waiting for GO ...

ck5354 said...

I am still keeping, price at 0.215

caryn said...

CNY rally begins?

hng said...

Bought YTL at 1.56-1.57, hope these time there will be share buyback to push up share price

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