MRCB – The Upcoming Hot Stock for GE14 Thematic Play. Why you must not miss? By Calvin Tan Research

Dear Friends and Fellow Investors,

I was reading Exerpts from Robert Kuok Memoirs and I quote

 

YES, PRIME MINISTER

Within a year of our launching MISC, Tun Razak, who by then was prime minister, sent for me. Razak said, “I want you to make a fresh issue of 20 per cent of new shares. I’m under pressure because there is not a high enough Malay percentage of shareholding.” I said, “Tun, are you quite serious about this request?” He answered, “Yes, Robert.” So I replied that I would do it. I went back and, with a little bit of arm-twisting, persuaded the board to pass a resolution waiving the rights of existing shareholders to a rights issue (MISC was not yet a public company). Razak allocated all the new shares to government agencies. So, I was diluted to 20 upon 120 – the enlarged base – and Frank became 15 upon 120.

Tun Razak.

One or two years later, Razak again sent for me. He said, “I’m under a lot of pressure at Cabinet meetings. You know, Robert, it’s just the price of your success. MISC is doing well, people are getting envious. But now, instead of giving in to those factions, what I’ve decided is this: Issue another twenty per cent, five per cent to each of four port cities in Malaysia.”

I HAVE ALWAYS BELIEVED IN SOME DEGREE OF SOCIALISM WHEN YOU HAVE MADE MONEY

This entailed enlarging the capital base to 140 from the original 100, making the Malaysian Government the largest single shareholder and relegating Kuok Brothers to second position. And he again wanted the shares issued at par – the original issue price.

I said, “Tun, I have always cooperated with you, but it’s getting very difficult. Three, four years have elapsed from formation, but I would be loath to ask you for a premium since we are a growing company. So I will go back and ask the board again to issue shares at par to you. But Tun, can you please promise me that this is the last time?” He smiled and very gently signified his agreement, without saying the words.

Calvin comments:

This has been the norm in Malaysia. Govt wants to take certain percentage in profitable companies & give it to Bumiputras. Examples are Bumi quotas when Shares are at IPO stage. Quotas for Bumi in Universities. Bumi Lots from Every Housing Developers at 7% to 15% Discount. And Especially for Govt Linked Companies like TIME.COM, FABER, DRB AND NOW MRCB.

 

MRCB, A GOVT LINKED STOCK?

YESSS!

See

 

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PRIVATISATION AGREEMENT ENTERED INTO BETWEEN RUKUN JUANG SDN BHD, A 85%-OWNED SUBSIDIARY OF MRCB LAND SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MRCB, THE GOVERNMENT OF MALAYSIA, REPRESENTED BY THE MINISTRY OF YOUTH AND SPORTS AND SYARIKAT TANAH DAN HARTA SDN BHD (“PRIVATISATION AGREEMENT”) RELATING TO THE REFURBISHMENT AND UPGRADING OF FACILITIES LOCATED AT THE NATIONAL SPORTS COMPLEX IN BUKIT JALIL, KUALA LUMPUR FOR A TOTAL CONTRACT SUM OF RM1,631,880,000 (“PROPOSED PRIVATISATION”)

MRCB alloted 20% private Placement Shares to BANK RAKYAT under the instruction from BN Govt

See

 

[MRCB] Notice of Interest of Substantial Shareholders – BANK KERJASAMA RAKYAT MALAYSIA BERHAD on 22-Aug-2016


Stock [MRCB]: MALAYSIAN RESOURCES CORP
Announcement Date 22-Aug-2016

Substantial Shareholder’s Particular:

Name BANK KERJASAMA RAKYAT MALAYSIA BERHAD

Details of Changes:

Currency Malaysian Ringgit (MYR)
Date of Change Type Number of Shares
18-Aug-2016 Acquired 172,000,000
Nature of Interest Direct Interest
Shares Ordinary Shares of RM1.00 each
Reason Subscription of ordinary shares under a private placement exercise.

Total no of securities after change

Direct (units) 172,000,000
Direct (%) 8.27
Indirect (units) 0
Indirect (%) 0.00
Total (units) 172,000,000
Total (%) 8.27
Date of Notice 18-Aug-2016

 

AND IF YOU CHECK THE ORIGINS OF BANK RAKYAT IT COULD BE TRACED TO THE MINSTER OF FINANCE, GOVT OF MALAYSIA

See

Bank Rakyat (Bank Kerjasama Rakyat Malaysia Berhad) is an Islamic cooperative bank which was established on 28 September 1954 under the Cooperative Ordinance of 1948 (Cooperative Societies Act 1993), following the growth of the cooperative movement in Peninsular Malaysia. The bank is an entity under the control of the Ministry of Domestic Trade, Cooperatives and Consumerism since 2004; in 1989 it was controlled by the Ministry of Land and Co-operative Development and the Ministry of Finance and in 2002 changed control to the Central Bank of Malaysiaunder the Development of Financial Institution Act.

So the Secret is Out!

BN GOVT WILL BE GIVING THE LION SHARES OF PROJECT AWARDS TO MRCB!

Knowing these FACTS Insiders of MRCB are Gobbling Up ESOS shares at Rm1.00 in no time. See

 

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR THE “COMPANY”) ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MRCB (EXCLUDING TREASURY SHARES), FOR THE ELIGIBLE EMPLOYEES OF MRCB AND ITS SUBSIDIARIES (EXCLUDING SUBSIDIARIES WHICH ARE DORMANT) AND ELIGIBLE EXECUTIVE DIRECTORS OF MRCB (“LTIP”)

MALAYSIAN RESOURCES CORPORATION BERHAD

 

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY")

ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MRCB (EXCLUDING TREASURY SHARES), FOR THE ELIGIBLE EMPLOYEES OF MRCB AND ITS SUBSIDIARIES (EXCLUDING SUBSIDIARIES WHICH ARE DORMANT) AND ELIGIBLE EXECUTIVE DIRECTORS OF MRCB ("LTIP")

Reference is made to the Company’s earlier announcements in relation to the LTIP. Unless otherwise stated, the abbreviations and definitions used in this Announcement shall have the same meaning as defined in the abovementioned announcements.

 

On behalf of the Board, RHB Investment Bank wishes to announce that MRCB has implemented the LTIP with effect from 28 November 2017, being the date on which the Company fully complies with the requirements under Paragraph 6.43(1) of the Listing Requirements.

 

This Announcement is dated 28 November 2017.

 

THIS ESOS was QUICKLY IMPLENTED JUST AFTER THE RECENT RIGHTS ISSUE OF WHICH DIRECTORS/INSIDERS HAVE ALL TAKEN UP. And why the Hurry for More ESOS? The Answer is obvious.

THERE WILL BE A MASSIVE PUMPING OF PROJECT AWARDS FOR MRCB IN COMIND DAYS, WEEKS OR MONTHS STILL AHEAD

 

SO CALVIN ENCOURAGE ALL FELLOW i3 FORUMERS TO JOIN US IN THIS

 

MASSIVE

ROCKETING

CHARGING

BULL

 

FOR YEAR 2018 TILL GE14 ELECTION DAY

 

CHEERS

WARMEST REGARDS

Calvin Tan

Republic of Singapore

 

Additional Thoughts:

BANK RAKYAT ENTRY COST IS RM1.24

RI WERE NOT EXERCISED. YET MRCB RI WERE OVER SUBSCRIBED BY 7.3%

WHO WERE THE BUYERS WHO TOOK UP BANK RAKYAT PORTION?

EVER WONDERED WHY?

WILL MINISTRY FINANCE PUSH MRCB ABOVE ITS HOLDING COST OF RM1.24?

JUST THINK VERY CAREFULLY BEFORE INVESTING

 

 

 

 

 

 

 

 

 

 

 

Some hightlights from THE STORY OF BJ CORP

These are the ones buying into Bj Corp for year 2006

  1. TSVT started Buying Bj Corp at 10 sen

2 )Calvin bought at 12.5 sen

3 )Calvin’s Johor Buddy Mr. Goh bought at 12 sen (lowest entry price)

4) Bank Boss bought at 13 sen

5) Calvin’s Johor Sifu bought at 39 sen (He bought at highest at 39 sen after Bj Corp price retraced from 55 sen)

6) Segamat Mr Yeo bought at 26 sen

7) Goldman Sachs joined in the buying frenzy at 50 sen

8) Botak with 2 women refused to buy at 12.5 sen (But bought Bj Corp at Rm1.50 much much later)

So there were 8 groups of Players in Year 2006 to 2007

 

STORY OF BJ CORP (still under construction)

Please stay tuned…..

Extra! Extra!

Below is a brief extract of the BJ CORP STORY

I Once posted in INVESTLAH until I was banned.

See

Re: MUI BERHAD – THE HIBERNATING GIANT IS WAKING IS WAKING UP AT LAST!!
« Reply #20 on: November 10, 2013, 10:38:10 PM »

Yes! These Are Real Life Experiences. Both Mr. Ong and Mr. L Tan are still around. Mr. Laurence Tan owned 500,000 shares of PM Corp. Now I would like to Share Part 2 of BJ Corp Story. Part One is in ~ forum tread.

The Year was 2006. The Place OSK in Ros Merah, Johor. I bought 30 lots of Berjaya Capital at about 90 cents. After buying BJ Cap the price weakened. And stayed below 90 cents for quite some time. Then it rebounded to slightly above 90 cents. I decided to sell off BJ Capital in case it crashed below 90 cents again.

To my chagrin, BJ Capital went up all the way to RM3.00 & Vincent Tan took it private through BJ Corp. If only I had waited. Then BJ Corp also took Dunham Bush & COSWAY Private. But I was puzzled to see BJ Corp price remaining unmoved at 12.5 cents.

Then I noticed Vincent Tan exercising share buy back of BJ Corp. Finally, I saw the NTA of BJ Corp from negative turning to NTA of over RM1.00. I saw Vincent Tan’s no.1) Privatise 3 profitable companies 2) Buying own shares greedily in the absence of good news quietly  3) Transferring Cash into BJ Corp A/C.

So I bought 100,000 shares of BJ Corp at 12.5 cents. The Year was 2006. After buying I spoke to Mr. T… (sorry to withhold name). I think he has an MBA and a Chartered Accountant. Mr. T…. face turned green. He was speechless. Seeing his stunned reaction I turned to fellow investors and said the same thing, “I just bought BJ Corp 100,000 shares at 12.5 cents.” Immediately, I heard comments like, “Ha, that’s a con-man counter you have just bought.” What a terrible reception I got from them – these Johor Investors!!

Then, Mr. Goh, the Aircond Technician Boss  said, “I also bought 100 lots of BJ Corp at 12 cents. Later, I was to learn that Mr. Goh looked at Charts. From Charts he entered BJ Corp at 12 cents. 1/2 cent less than me. My cost was 12.5 cents.
(By The Way, This Is The Same Mr. Goh Who Later Brought The PM CORP(4081) Chart To Us – The Johor Investors in Year 2006)

Then I met a May Bank Officer. She also bought BJ Corp at 13 cents (Price moved up due to Share Buy back)

Then I paid a visit to KN Kenanga, Pelangi Plaza. Here, I met a Very Hostile Gang of Three. They cursed & scolded VT because they LOST SO MUCH MONEY IN BJ CORP!!  No use reasoning with them. What I heard was jarring to the ears. Only words of condemnation, “Con Man Counter cheated all their monies.” I left in no time.

Suddenly, there was a mini bull run in year 2006. BJ Corp shot up to 55 cents. So I was quite excited. However, to my surprise, our Friend Mr. Goh, the Chartist has also SOLD OUT BJ Corp at 19 cents! For a gross profit of RM7,000. You see, everyone around him told him VT is a con man. So inspite and despite of all his accurate charting, he sold just too early.

Then I met Lawrence Tan. He asked for tips. He got KPS and made some. Now BJ Corp has already run up to 55 cents from 12 cents. But as he watched BJ Corp prices started to correct and dropped from 55 cents to 39 cents. That’s it. He bought BJ Corp at 39 cents! But to his horror, after buying, BJ Corp continued to crash and retraced to a low of 26 cents only!!

I received a phone call from Mr. Yeo, Bumi Berjaya Used Car Boss from Segamat. Any good counters? BJ Corp, of course. Straightaway, he bought 100,000 shares at 26 cents.

Then BJ Corp Price rebounded to 36 cents. Mr. Yeo unload his 100 lots for a gross profit of RM10,000. So you see, Mr. Yeo bought BJ Corp at 26 cents and made RM10K gross compared to Mr. Goh who made only RM7K. Among all of us, Mr. Goh bought BJ Corp at the cheapest price at a rock bottom price of only 12 cents. But Mr. Goh also made The Least Money Because He Sold TOO EARLY.

One Day As BJ Corp Share Price crossed 50 cents, GOLDMAN SACHS Appeared In The Picture!! Now BOTH BJ CORP & GOLDMAN SACHS ARE BUYING BJ CORP. To this day I am still not sure – it is rumoured that Vincent Tan employed Goldman Sachs to push up BJ Corp Share  Price.

However, L Tan who bought BJ Corp at 39 cents is now euphoric indeed. He chased BJ Corp from 50 cents all the way from 50 cents to RM1.00. He says, “Just follow Vincent Tan, if VT buys 1000 lots, follow behind him and buy 100 lots.” Of course, we dare not chase shares like Lawrence did.

In fact as the price of BJ Corp touched RM1.00 both the Maybank Officer and myself sold off all BJ Corp shares. But Lawrence was adamant. He was lonely and wanted me to join him. He asked me to buy back BJ Corp above RM1.00. So I bought back some BJ Corp shares at RM1.05 (I think I also have gone crazy by now.) Then as BJ Corp crosses RM1.50 Lawrence gave the signal to sell all!

Of the 5 Johor Investors, Lawrence Tan (Retired Accountant) bought BJ Corp the highest at 39 cents, but made The Most Money among all of us. He Bought A Shining Toyota Camry & showed us at OSK, Johor – his winnings from BJ Corp.

He was our hero and same Sifu who taught us, “If you have found a really good counter – don’t just nibble – HAMMER IT!”

Then Lehman Brothers’ Crisis Came & Gone.

About 3 years later, I visited KN Kenanga in Pelangi Plaza. Now I met the same Gang of Three. To My Great Surprise All Three Have Turned Very Bullish on BJ Corp. I asked them, “Why, when it was 12 cents they were so antagonistic and bearish. And now BJ Corp at RM1.50 they have turned so bullish. WHAT A GREAT CONTRAST!”

Well, they said Vincent Tan came out to say Officially that BJ Corp is undervalue. And he told the Public that he got a gaming license and will donate all the RM500 Million Gaming Profit to charity. Now do join us.  Buy BJ Corp at RM1.50 and price will shoot up to RM2.50.
Of course, I dare not join them. I am Greedy When Others Are Fearful & Fearful When Others Are Greedy.

Now they started to Scold me for not buying. Very puzzling. They scolded me for telling them to buy at 12.5 cents. Now they Scold me for not joining them to buy at RM1.50. They said that the circumstances have changed. Now can buy.

Not long after BJ Corp crashed all the way to around 50 cents. As for the Gang of Three. They have disappeared from KN Kenanga, Pelangi Plaza.

This Is My Story About BJ Corp.

NOTE: THIS IS ONLY AN INCOMPLETE STORY
PLEASE COME BACK FOR THE FULL STORY….