You mean Maybank result will be very bad ?

Maybank operating result inline with most of the bank at the moment. Provision up as current economy trend and expect worse to come (hopefully won't repeat another 97/98). Company tends to preserve cash at the moment, so dividend won't be very good (and most likely only final dividend to be looking forward to).

40%? u mean it's gonna be around RM3.xx?
if they issue more shares.... meaning the par value is going to reduce also rite?

the par value will not be affected. It will remain the same. Only the number of shares will increase.
I dont like this move actually. If a company is financially sound and healthy, why should the company asking the public for fund?!

I think the price should be in range of RM2.70~RM3.30.
The par value will remain the same (they have no problem paying RM1 par value with even RM2.70 ).
Existing shareholders' shareholding won't be diluted if they subscribe to the right.

Resorts almost hitting 12 mths low ... should be interesting ...

TMI just koyak... 1-6-12 mths low.. now no telling where it will go from there ... watch for the miricale turn around like what TM did .. becareful with this counter ...

Gd luck hunting.

Yes, you are right. Right issue never good for existing shareholders, unless some special circumstance (like acquiring some good profitable business which need extra fund to fund it).

But existing shareholders need to fork out extra money on it.

wow.... that's pretty unfair huh? it's like forcing the existing shareholders to subscribe..... but i'm kind of confuse here...... with the extra no. of shares being issued, how did they maintain the RM1 par value?

The paid up capital is increased in process of the right issue. So Par value won't be affected.

Just like ABC company has 1 million share with Par value Rm1. So paid up capital is 1 million. Now it issued another 1 million which existing shareholders fork out extra money (1 million) on it and now the paid up become 2 million with 2 million of shares.

OMG, all stocks sink

raise capital to beli BII haha

i see.... so they are only raising the capital from the existing shareholders huh? wat if nobody is willing to subscribe?
BTW, GENTING 3.38 now!!!!

all in good time, now we r going to see a recap on the Nov/Dec 08 crash ...

watch the market bleeeeeeeeeeeeeeeeeeeeeeeddd...

i smell blood.. what to buy? what to buy?

If you have ordinary share and don't want to subscribe, I might want to take your share... haha... they issue in discount so people cannot say don't want to buy (subscribe mean no win no loss, not subscribe loss immediately).

Monday blues mah..

if issue at RM2.70 => RM1 went to share capital (par value) & RM1.70 went to share premium. Then where got affect par value?

must be some really bad news out there, most likely corporate results spooked all the FF to swing into full gear of massive selling.. (although volume wise it looks like its pretty thin.)

A sign of weakness in the Plantation sector...
look at crude oil btw, its slumping faster than expected... should hit 1700 +/- within this week alone.

March Mega Sale?

This post has been edited by aurora97: Mar 2 2009, 10:29 AM

If the right issue cannot fully placed out or subscribed, then share price will tank. Because right issue mean company need money, no money then company cash situation is under risk.

For those don't want to subscribe, it is best to dispose before its ex-date. Because share price will adjusted according to the differentiation between current share price and its right issue price.
If hold after ex-date of right issue, and don't want to subscribe, existing shareholders will be losing big time, unless the right issue price is higher than share price in the market at that time.

For rights issue, when you are subscribing, always always always subscribe extra!!

There is a provision for you to acquire extra rights share in the form, normally you can't get all you state but get some of it if the sale is not fast and furious. I remember YTLPOWER rights, I applied for extra 500 rights and got about 300 extra, if i known I should've ask for 100000 extra because was not sure whether can or not. I just tembak only because the broker told me that whatever I don't get, will be refunded anyway. So I paid for 500 extra rights, got 300 and was paid back with cheque for 200 which I didn't get. No loss only gain.