The Tiger is sick at the moment after eating wrong/rotten 'meat' (Acqusition BII) causing severe diarhoe that lose 480 millions. So after massive diarhoe, now lembik lembik already.

Just joking.

The final dividend just announced, still cum mah, only ex after next month.

Now Maybank is given green light by BNM to acquire BII which lead to its share price plummet.

Really 'pening', first not approved, now approve. This acquisition saga really amazing, high price of acquisition then hit a snag on Indo authority side, then BNM not approving, now BNM approving again, what next?

I think more people are interested in Maybank because of short to mid term speculation/trading purposes due to the share plummet after recent acquistion saga.

For really long term investors, normally people will take into consideration that company is taking care shareholders benefits as much as possible while provide good return to the shareholders. But recent acquisiton saga didn't show they are fully taking care of shareholders benefits by buying at 2x higher than market price. My opinion only.

No, we are not laughing on it, nothing to laugh on. The major concern about is, it is not taking care of shareholders benefit by expensive acquisition. Sellers (Temasek) even get give you discount after first deal collapse due to BNM refusal sum up it. FYI, it is acquiring 2x more expensive than market price.

Maybank for the last 5 years did perform below par compared to market average or indices.

The data obtained is after adjusted bonus and dividend, data obtained through N2N
When market low time 2002 (Sars broke out)

Maybank was 4.00-4.20, now 6.50
Pbbank was 2.00-2.20, now 9.80.
IOI was 0.85-0.90, now 3.90
Genting was 2.20-2.30, now 5.30
BAT was 19-20, now 40
Tanjong 5.90-6.00, now 13.30

Infact, when KLCI was at historical high of 1,5xx time, Maybank is one of major laggard in the index which hinder the index to register higher level.

Investors particular instituitional invest in a particular a stock because of its future earning looks good and promising. History is past, it never dictate how a stock performs in the future. Fundamental can be changing overtimes depended on economy situation.

Don't mean Maybank is good or not good in the future. What important for stock price is the future earning of the company. If Maybank can show it, then surely its share will rise. But, just recent acquisition saga did raise a lot of concern.

Just my 2 cents.

This post has been edited by cherroy: Oct 6 2008, 06:03 PM

Closing price prior before ex-right let say 4.50

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

It will be traded afterwards in the market which you can buy and sell just like ordinary share. Generally the window which enable the right to be traded is around 1 week. After 1 week or so, it will be delisted for the proceeding of right issue allotment/subscription.

Possible name or counter name given will be Maybank-OR.

They will send you the form, which either you sell it or use the form to subscribe it, the form inside will state where you need to send it, envelop might be attached as well.
Sorry, long long time never encounter right issue so might be outdated info, because I don't like to buy or hold those company stock that need to have right issue one.

If still don't know, you can see assistance from your broker, they are surely will help you.

Ex-date of right issue is 31 March.
Above posted annoucement is on the its right listing.

It will afffect the future share price, because the number of shares become more already aka its "surge-ability" is lessen.
In simple term you need more buyer compared to previous in order to surge at the same rate.

Unless they utilise the raised money efficiently to prop up the company profit in the future, then the right issue is positive to the company, but near term, all banks result will be affected due to recession economy,



This post has been edited by cherroy: Mar 20 2009, 04:08 PM

1) Yes.

2) Actually we cannot say the right issue allow you to buy at discount, because basically when after the ex-right issue price, the 2.74 is taking account into it aka:
If the share price doesn't go above 3.66. Actually you earn nothing out of it (from the right issue exercise)

Whether sell it off the right to subscribe is depended on individual wish, no one can certain how future movement of Maybank share.

Maybank-OR should be traded at least around 10% discount. If not there is no incentive for other to buy the OR as they are better off to buy Maybank share directly from the market, don't need to do hassle job of buying the right and then subscribe it.

BII needs to grow 25% pa so that Maybank investment in BII will breakeven after 5 years time.

See the word "breakeven"!

The parent need to feed the child for 5 years, but yet don't know it will repay the investment back or the child will feed the parent back afterwards.

http://biz.thestar.com.my/news/story.asp?f...41&sec=business

They won't mail to you. Approach to your stockbroker to deal with it.

It depends, what account (direct or nominee). Seek your stockbroker to proceed the right subscription, they should able to assist you in this manner.

Not true.

Anyone can buy it.

Don't use this kind of data to judge, very dangerous and misleading.

Citi highest 52 week 6x.xx, lowest 0.99 so 3x.xx is a good price?

I would say, we already come into the internet age.

But right issue procedure still stuck with the same like 20 years back.

You need to use the OR to subscribe the right issue at 2.74 per share, otherwise all your money in OR willl be down to the drain.

It is common that if the right issue is in significant ratio, it will depress the share price because in the future when the right issue is finalised, it means extra number of share will be in the market. (more supply potentially more seller)

err... not quite right term.

Warrant, you take the warrant to convert to mothershare.

Maybnak-OR, you get the right to subscribe those right issue.

A bit different, although both look identical.

Just like a normal transation on ordinary share.

Since Maybank announced BII take-over, everyone knows it will have significant impairment adjustment/loss and will affect Maybank result for a couple years, as Maybank board has said previous before they projected to take about 5 years or so before BII start to contribute or breakeven, if not mistaken.

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Added on May 23, 2009, 8:44 amThere is why when BII take-over issue being known (due to high acquisition cost compred to general market deal), Maybank share sink from 7-9 until current level,

This post has been edited by cherroy: May 23 2009, 08:44 AM