RM5.70 still not very high, I had stocks drop until nil one... haha... we learn through mistake...

so your breakeven price is about 5.632

but today closed at 5.35

you're losing RM280++

if you find this investment is wrong, you can always set a stop loss point.

looking back on their past 2 years report announcement date, it was fall on late Feb. perhaps you might want to see 4Q08 report first?

not to suggest anything. buy/sell at your own risk.

wow, nil.... call warrant ka?

i lost thousands, too, well, it is always best to learn from young, lol.

Conventional warrant... thought it was going to extend for another 5 years but it fail, end up not even have time to respond...

5.70 is enough for me ith no gain and loss... just worry it will drop further...

no suggestion?

.
.
anyway, thanks for u 2 for lending me some helping hand...

Bought this counter last year at around 7.20 but luckily manage to sell at 8.00

The concern for this counter is they might want to raise fund and it may dilute the EPS AND DPS

4.85 today.. is it good buy? .. what is likely the future of this counter ?
advise needed...

Depends on your horizon etc loh. And depends on who you compare it to. Those bigger banks in Singapore now trading in discount to their NAV, think Maybank still slightly above its.
A lot of factor one leh. But this should be a good proxy for Malaysian economy. Short term should be not much fun.
And need to take into consideration of the right issue also.

wah u still dare to buy? last few days drop almost 80cents liao... in this economy crisis better hold ur money... invest maybe later half year or next year... now no good... public drop almost rm1 de in this few days...

Anyone heard about the merging between CIMB and Maybank ? Heard the rumour from my friend as Maybank stuff.

MALAYAN BANKING BERHAD ("MAYBANK" OR "THE COMPANY")

PROPOSED RENOUNCEABLE RIGHTS ISSUE ON THE BASIS OF NINE (9) ORDINARY SHARES OF RM1.00 EACH IN MAYBANK (“RIGHTS SHARES”) FOR EVERY TWENTY (20) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN MAYBANK (“SHARES”) (“PROPOSED RIGHTS ISSUE”)

Contents
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We refer to the announcement dated 27 February 2009 in relation to the Proposed Rights Issue.

On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad (“Maybank IB”) (formerly known as Aseambankers Malaysia Berhad) is pleased to announce that the issue price of the Rights Shares has been fixed at RM2.74 per Rights Share.

The issue price of RM2.74 is arrived at after taking into consideration the price of RM4.82 per Share based on the closing price of Maybank Shares traded on Bursa Malaysia Securities Berhad (“Bursa Securities”) as at 5 March 2009 and represents a discount of 34.4% from the theoretical ex-rights price of RM4.17 per Share and a discount of 43.2% to the closing price of RM4.82 of Maybank Shares as at 5 March 2009.

A 45% share dilution. Meaning from RM4.85 - 45% would be RM2.6675. Am I right?

But they are selling the rights for RM2.74?

This post has been edited by skiddtrader: Mar 6 2009, 01:53 AM

Anybody can explain in layman terms what this means?

You need to weigh in the ordinary share with the rights.

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Added on March 6, 2009, 6:52 amMean if you hold 100 share of maybank, you entitled to buy 45 share of Maybank at RM2.74 a piece. The price will adjust down to RM4.17 after rights.

This post has been edited by htt: Mar 6 2009, 06:52 AM

I see...... thx for the explanation. What if Maybank prices drop further before the rights issue?

No impact to the rights, as the price already fixed. But the ex-right price might get affected.

That means if the price dropped a lot, the ex-rights-issue price will be much lower right? Hmmmm...... guess better not buy this counter yet....

Closing price prior before ex-right let say 4.50

Opening price after ex = (4.50 x 20 + 2.74 x 9)/29

There are same risk as other counter also mah, I can't get what you mean.

Now I understand..... I thought the price was fixed at RM4.82 when it was announced. Thx for the explanation.

After all that has happened with maybank, I wonder what would be a good price to enter.......

This post has been edited by kmarc: Mar 6 2009, 08:12 PM