If you didn't mention, I don't even notice it is there. I think it is for buying ASNB Unit Trust.

http://www.bursamalaysia.com/website/bm/li...ments/index.jsp
Public Bank is going to issue RM5bil debts to raise capital.
Will the price drop kaw kaw tomorrow?

Dunno leh... you planning to get some?

Anyway, TMI aside (bye bye bye), bought ZELAN today..... minimal amount only.....

Supposed to start buying blue chips but missed the boat.... hope the opportunities come again.....

hehe just wanna know why maybank also can link to sell the unit trust?

zelan .. hehe till wanna touch ah .. dont scare another drop ah .. but u buy when ppl scare not bad

actually im looking at kinsteel drops alot lately .. pile up stock .. less demand .. but if demands back than this i a good counter .. masteel also

Today Resorts managed to hold on to the 3 sen gain quite well even with huge selling volume.

Wonder whether today it exercised shares buy back or not?

No share buy back annoucement so far, selling force is weakening... price is climbing slowly

That's good. Europe so far green and hopefully the US too.

Then we may see Resorts up again tomorrow which will be good news for those riding the boat.

Just being optimistic.

Hmmmm.... I thought raising capital through debts is worse compared to rights issue....

Small amount only, can still average down if it drops further.....

I just average down on KINSTEL a few days ago..... now my ABP is around 0.42.....

Some bad data released in US:

U.S. workers on jobless benefits hit record high

Raising capital through bonds is better for shareholders as you don't need to fork out extra money, while you shareholding stake still intact.

Raising bond is much difficult than right issue because you need to prove you are financially sound in order for other to purchase it, while a losing money company also can issue right issue.

A losing money company or financially bad company has difficult to issue bond, the only way is through right issue.

Having said that, right issue is more favourable to the company financially, because they don't need to pay any interest or hold any liability on the money raised but at the expense of shareholders.
Btw, right issue is not exclusive to losing money company, don't get me wrong here.

So which one is better, up to how you see it.

Btw we are reaching 2500 posts, anyone please create a new V22 thread, and this V21 will come to an end.

The only thing I know, if Pbbank proposed a right issue, I can bet it will sink kau kau.

But behind this story, from Pbbank will be issuing new bond, so does RHB, it just mean banks are starting to fine the pinch of capital and potential NPL is worsening fast due to fast shrinking economy.

Electronic and Electrical industry Malaysia which is the core manufacturing sector is suffering bigtime with its IPI dropped more than 40% based on lastest statistic released, sum up the situation here.

I see. Does it mean that PBBANK's share prices won't dip or it will drop but not as much as if it were to propose a rights issue?

Yeah, somebody open V22..... V22 might just be the period where the bull returns..... errrr.... probably not...

So far not hearing any share buy back for this counter.

Off to V22 thread. Wish yer all the best.

What do you guys think of Maybank and TMI ? I was think of getting some.

DJIA enters RED zone: 7,425.25 -61.33 -0.82%

DJIA closed in RED: 7,400.80 -85.78 -1.15%

personally i feel that its a potential trap or maybe its somewhere near the bottom...
it can go both ways since TMI has no history of record lows, but i doubt it can reach its former glory of Rm 7 anytime soon but definately a stock to look out for especially on the recovery end.
- clues?
probably after the rights issue.

For Maybank, most investors r staying on the sideline especially anything relating to Banks. Even PBBank is raising capital to shore up its base.. i dont think its wise to dip ones hand into the cookie jar of the unknown.

Potential to hit RM 2

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Added on March 20, 2009, 9:27 amclosing!

This post has been edited by aurora97: Mar 20 2009, 09:27 AM

pbb .. maybe going back to 7 again

wat is it mean, will it affect the share price? good or bad?

7177
RIGHTS ISSUE

LCL CORPORATION BERHAD ("LCL" OR "COMPANY")

RENOUNCEABLE RIGHTS ISSUE OF UP TO 28,917,700 NEW ORDINARY SHARES OF RM0.50
EACH IN LCL (RIGHT SHARES), ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 5 ORDINARY
SHARES OF RM0.50 EACH (LCL SHARES) HELD AFTER THE SHARE SPLIT, AT AN ISSUE
PRICE TO BE DETERMINED (RIGHTS ISSUE)

We refer to the announcements dated 3 March 2008 and 20 August 2008.
On behalf of LCL, CIMB Investment Bank Berhad wishes to announce that the SC
has in its letter dated 16 March 2009 (which was received on 17 March 2009)
approved a further extension of time until 31 August 2009 for the Company to
implement the Rights Issue.
(This announcement is dated 17 March 2009)


17/03/2009 06:14 PM