Some Maybank news.

Maybank Paying Too Much?

I believe it's 2 cent dividend, not 2%. So it should be RM20 - 26% = RM14.80 dividend cheque.

Haha I had the same thought, when cheeroy buys something surely shoot up one. haha

Cheeroy all dividend counters one.

Same with me, if I want to buy something after evaluating it, I won't bother queue for it. I just call my broker, tell her to buy it 'NOW!' then wait for the confirmation.

If it's something I wish to buy but too expensive I just ask the broker to tell me when it reaches my target price. Haha already so many times they call me whenever Maybulk reaches below RM4, but I still never buy.

wah you just main tembak only. From the FAQ it states that;

"Committed Uncleared Purchase or CUP
Where there is cash or available margin in the account at the time of placing the purchase order, the said order can be tagged as 'CUP' trade. This cash or margin amount will be locked for this 'CUP' trade for settlement."


"Direct Uncleared Purchase or DUP
When the said funds are available at the time of placing the purchase order, the order will be classified as a 'DUP' trade. "


Not really sure but I can guess maybe if you have margin, it will deduct the margin when you make a CUP trade. Where as in DUP, it will deduct the cash available from your account. In other words, you can't make purchases beyond your margin of trading. Best if you ask them directly to be honest.

Try this link in our link thread. A lot of useful articles and guides.

http://www.investopedia.com/university/buildingblocks.asp

And for others looking for materials to read, try the link thread in this forum, there a lot of links there and would help a lot if many have links to contribute.

As far as I know, the system will always buy at lowest and sell at highest.

My statement still stands. System will always buy at lowest and sell at highest.


If there is a queue to BUY at RM1.00 and you try to SELL at RM0.80, it will be sold at RM1.00.

If there is a queue to SELL at RM1.00 and you try to BUY at RM1.10, it will buy at RM1.00.

If there is a queue to SELL at RM1.00 and a queue to BUY at RM0.95, and you go and key in a BUY for RM1.10, you will BUY at RM1.00.

If there is a queue to SELL at RM1.00 and a queue to BUY at RM0.95, and you go and key in a BUY for RM0.85, you go into a RM0.85 queue.

Decrease, but have chance people might 'goreng' it, but ultimately will decrease but u will get more shares.

For the financial year ended Jan 31 (FY08), Hap Seng saw its net profit balloon by 602% to RM846.9mil and revenue expand 515% to RM2.24bil compared with FY07.

The company said the results included a gain of RM601.6mil resulting from the listing of its plantation business, Hap Seng Plantations Holdings Bhd last November.

Huh?? How can proceeds from the listing of a unit or subsidiary considered revenue?

heh definitely misleading for The Star business to report net profits 'ballooned' and giving big numbers like '515%' and '602%'. When the money isn't really money coming from business but more of a equity cash raising event. Reading the news event is as though the company actually paid TheStar to make them look good.

And about the dividend. Please re-read the quarterly report for those of you who are thinking of chasing the share for dividend, the only dividend you'll be getting in the near future is RM0.07 per share and NOT RM0.56 per share. The rest has already been paid.

No one is going to raise cash via equity to pay out dividends. And the dividends paid were to reward shareholders who voted to allow them to sell off their plantation shares to the public for additional capital.

This post has been edited by skiddtrader: Apr 1 2008, 02:04 PM

QUOTE(jasontoh @ Apr 1 2008, 02:03 PM)

U sure? I got from their financial report is proposed div per share (sen) for the current quarter is 53

"14. [b]Dividends
(a) Dividend paid for year ended 31 January 2008

(i) an interim dividend of 3.5 sen (2007: 3.5 sen) per ordinary share less income tax at 26% (2007: 27%) which was approved by the Board of Directors on 27 September 2007 had been paid on 26 October 2007;

(ii) a special interim dividend of 41.0 sen per ordinary share less income tax at 26% and a special interim tax exempt dividend of 5.0 sen per ordinary share which were approved by the Board of Directors on 20 November 2007 had been paid on 14 December 2007.

(b) The Board of Directors have on even date proposed a final dividend for year ended 31 January 2008 which is subject to the approval of shareholders at the forthcoming Annual General Meeting of the Company as follows:

(i) Amount per ordinary share of RM1.00 each
- Final Dividend 7.0 sen less income tax at 25%

(ii) Previous year corresponding period:
Amount per ordinary share of RM1.00 each
- Final Dividend 3.5 sen less income tax at 26%

(iii) Total dividend for the current financial year: 56.5 sen (2007: 7.0 sen comprising an interim dividend of 3.5 sen per ordinary share less income tax at 27% and final dividend of 3.5 sen per ordinary share less income tax at 26%)

(b) The entitlement and payment date will be determined at a later date."

Read that statement again please and do the calculations. Only the 7 sen dividend is not paid yet, the rest is paid already. Confusing isn't it? Hmmm I wonder why they make it confusing.

This post has been edited by skiddtrader: Apr 1 2008, 02:10 PM

I highly doubt so. For one, the 56.5 cent dividend is including the 41 cents dividend paid last year after the proposal for separating Plantations out was approved by the shareholders. Maybe they promised the dividends to appeased the shareholders, in my opinion. Same like when Multipurpose bought Magnum stakes and then distributed Magnums cash as special dividend of 80 cents. The majority sharehold which was Multipurpose itself was the main winner there.

Now that Hap Seng Plantations itself has it's own shareholders, meaning the EPS will be affected right? More people, less pie remember. They get in return more capital for expansion or debt financing, at the expense of sharing the profits for more people.

Now with CPO prices stabilizing and maybe dropping, future seemed bleaker to be honest. Again this is all my opinion, not a recommendation to buy or sell.

To be honest, I haven't done much research on plantations at all. Just my current bearish outlook of the market generally.

Waiting for that day too. haha

For the ones still unsure if Hap Seng is giving 56.5 cents or not. Here is an excerpt from the edge, which I find has the most accurate article regarding Hap Seng's recent announcements.

"It proposed a final dividend of seven sen per share less tax. This, in addition to the interim dividend of 3.5 sen per share less tax paid on Oct 26, 2007, a special interim dividend of 41 sen per share less tax and a tax exempt dividend of five sen paid on Dec 14, 2007, will bring the total dividend for the year to 56.5 sen per share. "

Business Times and The Star business news is misleading.

This post has been edited by skiddtrader: Apr 1 2008, 05:05 PM

No offence taken. I do agree that the news is "technically" correct but it's "ethically" wrong, therefore I feel it is misleading to a reader.

Kind of like telling your children there are gonna get as much as 1000 bucks as allowances in December making them happy, but actually not mentioning it takes into account the 950 bucks already given since January. So the December allowance is only 50 bucks. That was how Business Times was telling it.

It's true, that a trained eye can read between the lines and ignore all the fanfare for the cold facts, but most people will get distracted with the big numbers like "602% increase in NET profits" or "Net profit balloons" or "EPS increase by 500%".

I've learned to treat company announcements with greater skepticism and cynicism to really question their motives behind their announcements and also their agenda. As a small fry in a world of sharks, best is to keep checking your food is not bait rather then eating up every worm in the ocean.

Naz, both type of warrants can have conversion. Only difference is CA warrants cannot be exchanged for mother share, but the cash equivalent of it. As far as I know all these type of 3rd party issued warrants are cash settled.

For the case of conversion ratio. A higher conversion ratio means the gearing is higher. So for even a small amount of increase on the mother share, because of the higher gearing, the warrants will have a larger movement. That's why warrants are so attractive because of the gearing or subsequent leverage they can be used for higher gains compared to the mother share.

The reason why the numbers seems a bit high is because ht ewarrant is out of money or has no value. But since the warrants only expire in July, people are betting on it hence the slight premium on the warrant. The other SIME-CF has even a higher premium if you add up the numbers due to it's longer expiry.

To know if the warrant is worth exercising.

Warrant price x conversion ratio + exercise price < Current mother share price.

If it is more, then don't bother converting since you will lose anyway but converting you will lose more. thus the warrants are toilet paper.

But if the mothershare price is above the exercise price. You stand to gain from the difference.