For those who have bought during 2020 MCO time, it is very difficult for them to sell

Depending on how they want to view it.

Minus the dividend until now, their cost is around RM4.xx only. So unless MBB drop below 5. Then only breakeven.

If they look at the current yield on top of their buying price. It’s close to 9% return.
Mana mahu cari 9% consistent return.

I have fully subscribed to the 5 times DRIP offered during 2020,21 & 22 .. hence my actual cost is even lower.

This is my 6th year receiving dividend..
I can only say one thing .. it’s YUMMY

Of course his 1 Lot is 1,000 shares. Old school lot.
His dividend 66K

It’s in consolidating phase. Wait
Be patient

David, for the 3 banks to agree to take up shareholding of this “dying” company is not easy. Unless some deal has been agreed upon behind closed doors. One thing for sure, power play is in place for this restructuring. Too much at stake if this exercise fail. Watch this space, it will be a happy ending for all parties.

RM 8 billion is not small money. For context

Affin Bank market cap : only 6 billion
Alliance Bank market cap : 7.4 billion

MBB 2024 annual report. Individual investor by ethnic

Bumi : 3,xxx ( 0.3% )
Indian : 3,xxx ( 0.3% )
Chinese : 108,xxx ( 7% ) value around RM 8 billion.

I pity 2 types of people here.

First type : Who always claim negative things are coming and claim prices will drop.

Second type : Those who listen to the First Type

Waiting for Fed decision tonite

Next week 17 Sept, Fed Reserve will announce if there is an interest cut or not. Market is putting a 80% chance of 25bps cut. If that happens, expect a bit more HOT money will come in.

Hopefully this round more will come to Msia as to avoid Thailand & Indon. ( geopolitical issue )

Blue chips like MBB is always the easiest pick for them. High liquidity ( easy to buy, easy to cash out )

@Timothy

With all due respect, my comment is only to highlight how much I have benefited from this investment. As well as to encourage others to do so ( of course with the extra monies ).

When & what price to buy is absolutely irrelevant.

1. Who can predict how the price will fluctuate tmr ? Even based on chart’s pattern. Nothing is certain.

2. If the price is hovering between 9 - 11 for the next 10 years, those who waited for RM8 will be forever waiting.

3. Looking at the bright sides, when you have to sell MBB share due to financial difficulties, at least you have this “good” shares to sell ( in times of need ). Like an auntie sell her gold necklace during bad time.