Is it worth investing in DRP as my stock holding will end up with odd units as well as having to pay for stamp duty?

Appreciate some opinions

Why not end up with odd lot ah?

Your total entry cost? I mean when u bought in 2008 🙏

Oh quite good return I would say..
Real keeper 👍

nice lo if bought in 2008... back then, I don't even know how to invest / how to trade / where to start.

ah, you didn't top up when the price was around +/- RM 7.50 around 2014~2015.

7.50 was in Sept 16..Maybank was late in crashing compared to KLCI.

You bought in 2008, 3 lots.

Now you still have 3 lots? 

... so what happened to the rights issue in 2009?

If he subscribed, he would have made more money..

I syindicate trying to push up Maybank .. 😆

This is Maybank dividend paid out from fy 2009. Missing one year, fy 2008

[attachmentid=10347651]

Tried adding those numbers out. My calculator might be rosak and koyak big time but the total dividends calculated is 577.5 sen only.

malaysiastock.biz data so off? 

Your entry is 25.9K? So avg cost is 8.662k per lot. You bought in 2008. When ah? Mind sharing?

Also tell us your experience as a long term investor.

Do you mind sharing? (since you so  big heart, share your cost plus total dividends. Strange you forgot about that massive rights issue in 2009. )

Tq

Oh quite good return I would say..
Real keeper 👍

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...

[attachmentid=10347878]

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?    )

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.

i will dump all i have if it goes below 8.00.

plenty of sellers then, i think.

Meaning friday morning will straight deduct 0.39 at opening. If everyone sell once got the dividend then will drop further

Historically might have sell off after friday announcement?