Dear friends in i3 Forum,
There are 10 Warning Signs Why You Should Sell MNRB As Fast As You Can
1) MNRB was once Calvin & Calvin Johor Sifu Dividend Pillar Stock. Now NO MORE!!
See
As you can SEE from the above MNRB like MNI were both giving very good dividends for years 2005 (30%), 2006 (35%), 2007 (31% & 2008 (30%) At about Rm3.00 then MNRB was giving us a nice 10% yearly dividend (MNI was taken private)
But in years 2014 onward MNRB stopped giving out the Usual High Dividends. This is a Red Flag.
2) TO SHORE UP CONFIDENCE MNRB STARTED GIVING BONUS ISSUES
Ha! This cannot make up for the 10% Yearly Dividend that AMANAH SAHAM BUMI (ASB) Needed for its distribution to shareholders (8% to 9% minimum)
So See No. 3
3) SO ASB IS SELLING OFF MNRB SHARES RIGHT AFTER BONUS ISSUES
See
See how PNB tried to help cushion the 6,000,000 shares ASB started dumping Right After Bonus Issues?
But no stopping
4) ASB CONTINUES DUMPING AND DUMPING RELENTLESSLY
See
With no further support from PNB ASB kept up selling & selling.
Now why is ASB selliing and running away? Did they smelled a rat in MNRB?
5) YES! THE SMELLY RAT IS MANAGEMENT'S HORRENDOUS EXPENSES!!
Out of Gross Premiums of Rm1.3 Billions
Rm442 Millions went for fee and commission expense to sales people, it's ok for their hard work.
BUT READ THIS
MANAGEMENT EXPENSES IS A WHOPPING RM315 MILLIONS
WOW!! THIS IS MORE THAN SAPNRG BOSS TOOK AT RM72 MILLIONS WHICH EPF PROTESTED!!!
6) RM315 MILLIONS IS MORE THAN THE REAL ESTATE ASSETS OF MNRB AT RM200 MILLLIONS.
AND ALMOST THE AMOUNT OF MNRB DEBTS AT RM320 MILLIONS
WHY OH WHY?
INSURANCE COMPANIES ARE FAVOURITES OF WARREN BUFFET BECAUSE THEY DON'T HAVE INVENTORIES (NO GOODS TO SELL), THEY DON'T HAVE MUCH PPE (NO EQUIPMENT FOR PRODUCTION OF GOODS LIKE A CAR MANUFACTURING PLANT
WHY THEN THE HORRENDOUS AMOUNT OF RM315 MILLIONS?
DID THEY SPENT ON ROLL ROYCE AND SPORTS CAR, A YATCH LIKE JHO LOW? OR 7 STAR HOTELS IN UAE?
WHAT ELSE THEY SPENT SO MUCH MONIES??
THIS IS A BIG BIG RED FLAG!!!
7) LOOK CAREFULLY ITS RECEIVABLES
Loans and receivables : Quoted From Annual Report 2017. Rm1,934,933,000 (2017) 2,060,905,000(2016)
Ha! This is the reason why no dividend,.
After One Year Receivables still about Rm2 BILLIONS?
By 1 year some should be classified as Bad Debts already!!
8) CURRENT OPERATING REVENUE IS ALSO DOWN
Definition of Subunit:
See revenue shrunk from Rm713 millions to Rm636 millions (Or less by 10.7%)
People's business should grow from year to year with population increase but MNRB shrunk?
Why Management is sleeping ah? Taking Rm315 MILLIONS EXPENSES?
9) NO WONDER COMPANY IN FINANCIAL TROUBLE AS DEBT MIGHT BE HIDDEN TIME BOMB
SO?
GO GET SUCKERS TO SUBSCRIBE RIGHTS ISSUES
OHOH!
LAST TIME MNRB GAVE OUT MONIES
NOW IT SUCKS MONIES.
FROM WHO?
FROM SORCHAI SUCKERS OF COURSE
10) NOW FIRST THING TOMORROW MORNING THROW ALL YOUR MNRB SHARES BEFORE ASB THROW DOWN FURTHER
CAN YOU ABSORB THE 40% SHARES ASB HAS GOT TO LET GO?
FROM ANNUAL REPORT OF MNRB YEAR 2017
1. AMANAHRAYA TRUSTEES BERHAD..... 147,783,900.......... 46.24%
ASB is Top No.1 Holder of ASB among Top 30 substantial holders. It has 147 million shares. Total is 46.24%
Now think carefully
If you are up in an airplane and the Pilot parachuted. Are you able to survive the rest of the journey without the Pilot?
ASB in this case is the Pilot of MNRB. They are selling. You so clever to buy?
Or you can be the Pilot now flying the pilotless plane?
Please buy/sell after due diligence
Warm Regards
Calvin Tan Research
Singapore
http://klse.i3investor.com/blogs/www.eaglevisioninvest.com/166590.jsp
There are 10 Warning Signs Why You Should Sell MNRB As Fast As You Can
See
| 24-Oct-2016 | 03-Nov-2016 | BONUS_ISSUE | Bonus Issue | 1 : 2 |
 |
| 26-Aug-2014 | 26-Sep-2014 | DIVIDEND | First and Final Dividend | 16.5% |
|
| 02-Sep-2013 | 26-Sep-2013 | DIVIDEND | First and Final Dividend | 32% |
|
| 30-Aug-2012 | 02-Oct-2012 | DIVIDEND | First and Final Dividend | 17% |
|
| 25-Aug-2011 | 30-Sep-2011 | DIVIDEND | First and Final Dividend | 20% |
|
| 21-Nov-2008 | 05-Dec-2008 | DIVIDEND | Interim Dividend | 10% |
|
| 29-Jul-2008 | 08-Sep-2008 | DIVIDEND | Final Dividend | 15% |
|
| 18-Feb-2008 | 11-Mar-2008 | DIVIDEND | Second interim dividend | 5% |
|
| 19-Nov-2007 | 06-Dec-2007 | DIVIDEND | Interim Dividend | 20% |
|
| 10-Jul-2007 | 16-Aug-2007 | DIVIDEND | Final Dividend | 26% |
|
| 13-Feb-2007 | 14-Mar-2007 | DIVIDEND | Second interim dividend | 5% |
|
| 20-Nov-2006 | 06-Dec-2006 | DIVIDEND | Interim Dividend | 15% |
|
| 07-Jul-2006 | 14-Aug-2006 | DIVIDEND | Final Dividend | 20% |
|
| 20-Feb-2006 | 14-Mar-2006 | DIVIDEND | Second interim dividend | 10% |
|
| 18-Nov-2005 | 06-Dec-2005 | DIVIDEND | Interim Dividend | 10% |
|
| 11-Jul-2005 | 12-Aug-2005 | DIVIDEND | Final Dividend | 10% |
|
| 22-Feb-2005 | 14-Mar-2005 | DIVIDEND | Second interim dividend | 10% |
As you can SEE from the above MNRB like MNI were both giving very good dividends for years 2005 (30%), 2006 (35%), 2007 (31% & 2008 (30%) At about Rm3.00 then MNRB was giving us a nice 10% yearly dividend (MNI was taken private)
But in years 2014 onward MNRB stopped giving out the Usual High Dividends. This is a Red Flag.
2) TO SHORE UP CONFIDENCE MNRB STARTED GIVING BONUS ISSUES
Ha! This cannot make up for the 10% Yearly Dividend that AMANAH SAHAM BUMI (ASB) Needed for its distribution to shareholders (8% to 9% minimum)
So See No. 3
3) SO ASB IS SELLING OFF MNRB SHARES RIGHT AFTER BONUS ISSUES
See
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 21-Sep-2017 | Disposed | 398,300 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 20-Sep-2017 | Disposed | 730,500 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 19-Sep-2017 | Disposed | 571,200 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 18-Sep-2017 | Disposed | 500,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 13-Sep-2017 | Disposed | 233,200 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 12-Sep-2017 | Disposed | 218,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 11-Sep-2017 | Disposed | 132,700 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 04-May-2017 | Disposed | 80,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 03-May-2017 | Disposed | 59,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 07-Feb-2017 | Disposed | 2,600 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 27-Dec-2016 | Disposed | 6,000,000 | 0.000 |
|
| PERMODALAN NASIONAL BERHAD | 27-Dec-2016 | Acquired | 6,000,000 | 0.000 |
|
| YAYASAN PELABURAN BUMIPUTRA | 27-Dec-2016 | Acquired | 6,000,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 08-Nov-2016 | Others | 51,308,500 | 0.000 |
|
| PERMODALAN NASIONAL BERHAD | 08-Nov-2016 | Others | 11,577,100 | 0.000 |
|
|
YAYASAN PELABURAN BUMIPUTR |
08-Nov-2016 | Others | 34,731,300 | 0.000 |
See how PNB tried to help cushion the 6,000,000 shares ASB started dumping Right After Bonus Issues?
But no stopping
4) ASB CONTINUES DUMPING AND DUMPING RELENTLESSLY
See
| AMANAHRAYA TRUSTEES BERHAD-AMANAH SAHAM BUMIPUTERA | 26-Jan-2018 | Disposed | 150,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 24-Jan-2018 | Disposed | 100,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 16-Jan-2018 | Disposed | 250,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 09-Jan-2018 | Disposed | 21,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 08-Jan-2018 | Disposed | 136,700 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 27-Dec-2017 | Disposed | 99,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 20-Dec-2017 | Disposed | 7,500 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 19-Dec-2017 | Disposed | 464,800 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 30-Nov-2017 | Disposed | 301,100 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 22-Nov-2017 | Disposed | 10,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 20-Nov-2017 | Disposed | 573,500 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 15-Nov-2017 | Disposed | 1,000,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 14-Nov-2017 | Disposed | 499,100 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 10-Nov-2017 | Disposed | 224,800 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 27-Oct-2017 | Disposed | 42,500 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 26-Oct-2017 | Disposed | 500,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 23-Oct-2017 | Disposed | 120,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 20-Oct-2017 | Disposed | 2,341,100 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 17-Oct-2017 | Disposed | 50,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 16-Oct-2017 | Disposed | 150,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 06-Oct-2017 | Disposed | 428,900 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 05-Oct-2017 | Disposed | 530,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 04-Oct-2017 | Disposed | 839,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 03-Oct-2017 | Disposed | 36,000 | 0.000 |
|
|
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA |
02-Oct-2017 | Disposed | 625,000 |
|
With no further support from PNB ASB kept up selling & selling.
Now why is ASB selliing and running away? Did they smelled a rat in MNRB?
5) YES! THE SMELLY RAT IS MANAGEMENT'S HORRENDOUS EXPENSES!!
Out of Gross Premiums of Rm1.3 Billions
Rm442 Millions went for fee and commission expense to sales people, it's ok for their hard work.
BUT READ THIS
MANAGEMENT EXPENSES IS A WHOPPING RM315 MILLIONS
WOW!! THIS IS MORE THAN SAPNRG BOSS TOOK AT RM72 MILLIONS WHICH EPF PROTESTED!!!
6) RM315 MILLIONS IS MORE THAN THE REAL ESTATE ASSETS OF MNRB AT RM200 MILLLIONS.
AND ALMOST THE AMOUNT OF MNRB DEBTS AT RM320 MILLIONS
WHY OH WHY?
INSURANCE COMPANIES ARE FAVOURITES OF WARREN BUFFET BECAUSE THEY DON'T HAVE INVENTORIES (NO GOODS TO SELL), THEY DON'T HAVE MUCH PPE (NO EQUIPMENT FOR PRODUCTION OF GOODS LIKE A CAR MANUFACTURING PLANT
WHY THEN THE HORRENDOUS AMOUNT OF RM315 MILLIONS?
DID THEY SPENT ON ROLL ROYCE AND SPORTS CAR, A YATCH LIKE JHO LOW? OR 7 STAR HOTELS IN UAE?
WHAT ELSE THEY SPENT SO MUCH MONIES??
THIS IS A BIG BIG RED FLAG!!!
7) LOOK CAREFULLY ITS RECEIVABLES
Loans and receivables : Quoted From Annual Report 2017. Rm1,934,933,000 (2017) 2,060,905,000(2016)
Ha! This is the reason why no dividend,.
After One Year Receivables still about Rm2 BILLIONS?
By 1 year some should be classified as Bad Debts already!!
8) CURRENT OPERATING REVENUE IS ALSO DOWN
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Mar 2018
|
31 Mar 2017
|
31 Mar 2018
|
31 Mar 2017
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
636,706
|
713,492
|
2,473,839
|
2,531,796
|
| 2 | Profit/(loss) before tax |
37,036
|
35,831
|
188,760
|
98,927
|
| 3 | Profit/(loss) for the period |
29,406
|
25,434
|
136,787
|
71,170
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
29,406
|
25,434
|
136,787
|
71,170
|
| 5 | Basic earnings/(loss) per share (Subunit) |
9.20
|
9.90
|
42.80
|
27.60
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
4.7900
|
4.4400
|
||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
People's business should grow from year to year with population increase but MNRB shrunk?
Why Management is sleeping ah? Taking Rm315 MILLIONS EXPENSES?
9) NO WONDER COMPANY IN FINANCIAL TROUBLE AS DEBT MIGHT BE HIDDEN TIME BOMB
SO?
GO GET SUCKERS TO SUBSCRIBE RIGHTS ISSUES
OHOH!
LAST TIME MNRB GAVE OUT MONIES
NOW IT SUCKS MONIES.
FROM WHO?
FROM SORCHAI SUCKERS OF COURSE
10) NOW FIRST THING TOMORROW MORNING THROW ALL YOUR MNRB SHARES BEFORE ASB THROW DOWN FURTHER
CAN YOU ABSORB THE 40% SHARES ASB HAS GOT TO LET GO?
| AMANAHRAYA TRUSTEES BERHAD-AMANAH SAHAM BUMIPUTERA | 26-Jan-2018 | Disposed | 150,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 24-Jan-2018 | Disposed | 100,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 16-Jan-2018 | Disposed | 250,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 09-Jan-2018 | Disposed | 21,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 08-Jan-2018 | Disposed | 136,700 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 27-Dec-2017 | Disposed | 99,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 20-Dec-2017 | Disposed | 7,500 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 19-Dec-2017 | Disposed | 464,800 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 30-Nov-2017 | Disposed | 301,100 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 22-Nov-2017 | Disposed | 10,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 20-Nov-2017 | Disposed | 573,500 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 15-Nov-2017 | Disposed | 1,000,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 14-Nov-2017 | Disposed | 499,100 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 10-Nov-2017 | Disposed | 224,800 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 27-Oct-2017 | Disposed | 42,500 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 26-Oct-2017 | Disposed | 500,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 23-Oct-2017 | Disposed | 120,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 20-Oct-2017 | Disposed | 2,341,100 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 17-Oct-2017 | Disposed | 50,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 16-Oct-2017 | Disposed | 150,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 06-Oct-2017 | Disposed | 428,900 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 05-Oct-2017 | Disposed | 530,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 04-Oct-2017 | Disposed | 839,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 03-Oct-2017 | Disposed | 36,000 | 0.000 |
|
| AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | 02-Oct-2017 | Disposed | 625,000 | 0.000 |
1. AMANAHRAYA TRUSTEES BERHAD..... 147,783,900.......... 46.24%
ASB is Top No.1 Holder of ASB among Top 30 substantial holders. It has 147 million shares. Total is 46.24%
Now think carefully
If you are up in an airplane and the Pilot parachuted. Are you able to survive the rest of the journey without the Pilot?
ASB in this case is the Pilot of MNRB. They are selling. You so clever to buy?
Or you can be the Pilot now flying the pilotless plane?
Please buy/sell after due diligence
Warm Regards
Calvin Tan Research
Singapore
http://klse.i3investor.com/blogs/www.eaglevisioninvest.com/166590.jsp
