I use rakuten so min brokerage is around Rm 7/8 and brought 1000 units

After going through the Dividend slips again, found three were under my wife's name. After deducted those three, the accumulative dividend all those years were RM17k+.
Sorry for the earlier mistake.

To answer your questions:
I bought those shares in March 2008 at RM8.60.
I have not much experience in the stock market.
I just buy and keep them. Not a full time investor and not a contra player.
Once in a while check the share price.
When the price went up, I did not sell to lock in the profit.
When the price went down, I did not buy more to average them.
I can't recall why I missed those events. I am a very forgetful person.

I just came to know about this thread. I just join in the discussion.

I made a mistake on my post# 1451.

The dividend I received was actually RM17k+.
Do you still consider this is a good return?

I think you missed the part when I mentioned "I use Kenanga (with a remisier as most already know), so my brokerage is 0.60% with minimum RM40 per trade".
RM28 minimum fee is for online trading, RM40 is for trading through a remisier. And my brokerage rate is 0.60%, so I have to trade to a value of RM6,666.67 to breakeven on my minimum fee.
By buying 1000 units of Maybank per transaction, that covers the minimum fee of RM40. So my transactions are usually above RM10k, except for Maybank.

When openly declared you made so much from the stock market, this is called boasting.
And there will be people like me, who would have a look see if the numbers are remotely accurate.
You claimed dividend total to RM22,805.25.
That's like to the exact dollar and sen.
So accurate? And how did you come up with then sen, given the history from Maybank dividend history.
And all that from 3 lots.

My look see, instinctively tells me your figures are so not accurate.

And it has proven so.

https://www.maybank.com/en/investor-relatio...nd-history.page?

That's from Maybank itself. Since you bought in March 2008, that means your exact total dividend since March 2008 should have been 597.50 sen per lot. or 17925.00 for 3 lots. A difference of 4880.25 from your earlier calculation.

Now let me share this.

Buying in March 2008, meant you bought just before the market crash of 2008. One of the big market crashes worldwide. Such a big big event, and you missed it?

Let me put it to perspective...



That was a chart posted in 2009. It's taken from a popular blogger, Alex. http://nexttrade.blogspot.com/2009/03/mayb...g-term-buy.html

You bought at 8.60. A year later, Maybank traded as low as a 3.70. That was a massive drop. (And you bought the stock during the month when Maybank started falling due to BII. https://www.thestar.com.my/business/busines...s-hit-5year-low )

And then there was the huge hoo ha about its RIGHTS issue, which was even discussed in this forum thread.

2 massive events. The big crash, in which Maybank stock price fell like crazy. The cash call. Surely, you would have gotten mail informing you about the RIGHTS issue.

So hard to believe what you had posted, really. ( lol. you can even post i3 link here. You a regular there ar? )

I know you will pick a bone on me.

Well, that's what I have then and now. With some addition lately.
Only recently I have some free time to read up on the stock market.
Still not interested in whatever Rights issue from whichever counter.
Small timer.

Lucky got auditor.. 😆

those that bought at RM 4.... super lucky!!

The rights were priced at RM2.74...lagi best

But it was during the height of the global financial crisis.. Ppl were scared banks were going bankrupt.

even Maybank??

I thought M'sia was quite unaffected? Did Maybank invest in the US or Lehman Brothers? BoA? Merrill Lynch?

It was doomsday scenario, Banks in developed markets were collapsing. If developed market economy collapse, u think we will be safe?

Fortunately, US n China coordinated n pumped a lot of money into the system.. Which then resulted in asset bubbles, like for eg our own property bubble..

When the trumpet blow so loud, sure got ppl come see what the noise mah....

There wasn't anything worth trading since end 2006 during that time. Nothing worth trading at all.

So come 2008, there were few things that stirred the market.

1. The collapse of Maybank in 2008, on MARCH 2008. (ahem ... yalor... March 2008 )

I can remember fairly well but if I make any mistake..aiyoh...pls do correct me.

Sometime during March 2008, Maybank started falling sharply from 9+.
All because it announced acquisition of BII. (can search the net for info lo)
The deal was priced 4.8x book value.
Insanely high.

Market of course did not like the deal at all. They sold the stock down!

2. There was even a clause in that deal, that said if Maybank walked away from the deal, it would lose a 480million 'deposit' on the deal. (Again this pissed everyone off.)

Overpay like crazy and if Maybank backs of the deal, they would lose 480 million (on hindsight 480 million would have been a good loss!) What were the directors thinking when they sign that deal?

3. Stock market worldwide collapses by Oct 2008.

And Maybank stock price continued to tank.

4. And then the 2 billion ++ impairment loss from this BII acquisition!!!! (BII deal was worth 8 billion)

Impairment was definitely gonna be needed when Maybank overpaid like that and to add salt to the wound, because of the stock market crash, BII shares traded sharply lower than the acquisition price! Double whammy.

5. And to piss the shareholders even more, Maybank announced its RIGHTS issue in 2009!!!!

A cash call for the minority shareholders mainly because Maybank crazy decision to buy BII.



Therefore, it was not a surprise to see Maybank trade below 4.

Looking back at it, of course it would say that investors should have bought Maybank at 4 or below 4. But was it worth the risk when the head honchos of Maybank doesn't seem to have a clue on what they were doing. 2008. Even before the crash in Oct, things weren't rosy. How could the directors embark on such a risky decision to buy BII at such an inflated price?

And then of course, if one was gonna talk about the banking sector, one could have gotten PBBank instead and one would have been rewarded really well. It was simply a much no brainer, better alternative.

Thanks for the history.
No wonder I never buy to average.
Got burnt already.

Something else happened in March 2008, it was General Elections. First time ever since May 13 1969 that BN lost 2/3 majority. So when market opened on Monday KLCI started crashing 10%.

Whole market was suspended.

https://www.thestar.com.my/business/busines...-says-sc-bursa/

Fast forward GE 2018, new govt announced public holiday n market was closed for a few days.

This post has been edited by Cubalagi: Nov 7 2019, 05:32 PM

wah great history lesson..m taking notes.

that being said,with US and China not on very good terms, would it be a good time to buy into a banking sector stock?

If u think the US and China fight will get worse soon then don't buy any stocks, banking stocks or otherwise. Buy bonds, gold or keep cash.

but banking stocks will only be indirectly affected, no? Especially Malaysia is so far away. Even the US financial crisis, we weren't affected much right??

2nd Q: how much longer will Trump be president? I assume if he's no longer the president, the trade war will be over?

gold oso quite pricey dy.....haha but u recommend buying physical gold or those paper gold?
cash will prolly get devalued too rite if trade war worsens?
bonds hrmm i nv read much abt those..


thats true,i think the effect will be more on developed countries.
Assuming Trump's successor wont do funny things like he did. China is rising fast

Trade war > global recession > falling loan growth > high default > interest rate cuts.. Bad for banks

Global financial crisis. Welll, we WERE affected. We had a recession. But many ppl didnt feel it because it was over very fast for us (thanks to China). But KLCI did drop like 40% from its highs.

Trump: US election is in Nov next year. He still got chance to win. If he losses, some of the Democrat candidates are also anti China. Perhaps more so.