Hahaha, wow unbelievable. Congrats to u too!

For nominee account? Cant just inform and appoint re-miser to do it?

Q to let go at 8.50. Don't know can hit or not haha

Thought you sell off all?

Not yet, sold first batch at 7.80

https://www.bursamalaysia.com/market_inform...?ann_id=3109067
you all should read the announcement.

in this announcement dated 27 Nov 2020, it mentioned:

(i) BNM has approved the the increase in share capital pursuant to the 19th DRP.

(ii) the application of listing of new quotation, or what we normally define as Additional Listing Application "ALA") has been submitted to Bursa for approval, for this process, typically it takes about 2 weeks to 4 weeks to approve. or some cases it could be faster depending on many situation, one of it being that Bursa is just within walking distance to MBB, so it should be quick. LOL.

So right now what we have to do is just to wait for their announcement.

But to answer your question rocketm which is better?
Based on historical issuance (the 18 issuances prior to this 19th issuance), the shares issued under this DRP were priced at almost or near 10% discount, let's just take it at 10% discount for illustration (normally around 9.x% discount and while this 10% discount being the max discount pursuant to the Main Market Listing Requirement). so technically speaking, you are using your cash dividend to buy new MBB shares at 10% discount, do you think it is worth it or not?

But the only downside is that, this DRP will normally leave you with odd lots which make you harder to sell your odd lot in the odd lot market (inconsistent volume with hefty discount usually).

If you wanna go into nitty gritty aka count die grass:

1. You don't need to pay any brokerage fee to buy the new MBB shares, you will only need to buy the nominal stamp duty or equivalent.
2. if you buy from the market, it is typically without the 10% discount and you will have to pay your normal brokerage fee.

So with the above, you will have to decide whether you want to have more discounted mbb shares? or you want cash entirely?

To answer your 2nd question, your broker account - Rakuten still no news about it? what news do you want? please read the announcement i posted the link above and then wait for MBB's next announcement, these kind of things take a month or so to complete, it was only announced last week. Also, I think your Rakuten account is direct CDS account right? If yes, then your Rakuten will not be involved at all and they would not recommend you what to do (except for your friend friend dealer or remisier), no additional fee incur as compared to nominee account described below. You will receive the form from MBB's share registrar and deal with them directly (please read my earlier post).

HereToLearn, for nominee account, just instruct your dealer/remisier, they will do it for you at a fee.

This post has been edited by tehoice: Dec 2 2020, 09:56 AM

Rakuten is nominee account.

That is long to wait for 8.5.

I rather sell it at lower and channel to US market.

Bought using Contra and cash on BIMB, I think the risk to reward is pretty good. Hope it can fly within these 3 days haha, but if not no big deal

Good luck bro. No matter how confident I am I will never buy with leveraged money. Very hard to determine price direction in the short term

Well, I only leverage with money I am willing to lose . I personally think the most important is invest with money that I am willing to lose, so my daily life wont get affected much.

if you indeed have money to lose why leverage?

Want fast money, try steel counters lol. Again, buy the ones with good balance sheet and not making losses

flying again today

Recovery theme will last, put our trust in vaccines and local institutions

Bro, it dropped until 3.52, rebounded. Did you get it with your contra money? I missed it

Didn't get any, yesterday someone placed an order on 3.9 for 5000 lots when market is closing. I think someone got the wind of it earlier.

This post has been edited by haha54231: Dec 3 2020, 10:56 AM

You meant someone knew u going to play contra and bought ahead of you?

Sorry haha I never play with contra before. I dont really get how it works

This post has been edited by HereToLearn: Dec 3 2020, 11:28 AM

I bought at 3.9 ytd... No la, I think this guy know that someone is selling off loads of shares at cheap price that's why he placed a limit order. So when the person who sold a bunch of shares cheaply, the broker automatically fulfill his limit order of 5000 lots. Really suspicious amount as other price levels around 100lots order only.

Let's say you bought 2,000 shares of company ABC at $5 apiece on Monday, which is known as T+0. That is a paper cost of $10,000. By Thursday - three days after Monday or T+3 - you would have to sell those 2,000 shares.

Assume you sold them at $5.30 by T+3. That is a total of $10,600 giving you a profit of $600 before fees and charges.

You also do not need to stump up cash of $10,000 to pay for the shares.

However, if you sold the 2,000 shares at $4.80, you would have to pay for the losses as your selling price is lower than the purchase price. So your loss before brokerage fees in this case is $400 ($10,000 - $9,600).

Hope this is not spam, just trying to share some knowledge on contra trading. The fees is almost the same as cash upfront. Different from margin trading which is like borrowing money on interest

This post has been edited by haha54231: Dec 3 2020, 11:48 AM

I have never thought of this way before o.0.

Thanks for the info sharing bro 👍💪