MBI - Mobi Limited

[nahman]

what shares? whats the company code? how many shares? whats the share price?

how do i check if i got them?

in my portfolio still says theyre worth nothing, but the quantity is 25 times less than what i had before, had 900,000 so now i have 36,000. THis is on my etrade account, asx code: MBIDA, except in my account theyre still called MBI, however by the 10th oct (i think thats what the announcement says) is when everything should be good to go and yes im anxious about how that will go down current price 12.5, but very low quantity traded and its trading basis is NL RD RE.

 

[MaryPoppins]

Hi Nahman,

No still not showing, just the 1:25. Probably get an announcement around 3.55pm. I too am waiting and watching.

 

[nahman]

Hi Nahman,

No still not showing, just the 1:25. Probably get an announcement around 3.55pm. I too am waiting and watching.

Recent announcement today, 12:41pm, consolidation of capital update, the company will resume trading under MBI on the asx from friday the 12th Oct. aka tomorrow, lets hope it opens up at 50cents or something ridiculously high.

 

[chicken8]

in my commsec it shows im holding MBI and MBIDA

i never held MBIDA. are they free shares that i have been issued?

has anyone else had these issued to them?

 

[DionM]

in my commsec it shows im holding MBI and MBIDA

i never held MBIDA. are they free shares that i have been issued?

has anyone else had these issued to them?

Yeah I've got my original number of MBI shares / 25 against MBI as "registered" but 0 available. And I've got the same number against MBIDA for available units, but 0 registered.

SP for MBIDA is 0.105 too.

 

[chicken8]

Yeah I've got my original number of MBI shares / 25 against MBI as "registered" but 0 available. And I've got the same number against MBIDA for available units, but 0 registered.

SP for MBIDA is 0.105 too.

same with me

can someone explain to me what this means? does this mean we only have the 1/25th amount of shares in either MBI OR MBIDA or did we receive MBIDA for free?

 

[nahman]

same with me

can someone explain to me what this means? does this mean we only have the 1/25th amount of shares in either MBI OR MBIDA or did we receive MBIDA for free?

i think MBIDA will be the new MBI shares, would be the same price, MBIDA is for deferred settlement trading while MBI doesnt exist, but tomorrow MBI will exist so i presume MBIDA will be renamed to MBI. Something along those lines, wait until tomorrow should be clarified then. Lets hope for a big upswing..

 

[MaryPoppins]

My Etrade account is not showing any MBIDA? As for MBI it only has the 1:25 portion with no market value. Am I the only one that Mobi forgot to issue shares to today?

 

[nahman]

My Etrade account is not showing any MBIDA? As for MBI it only has the 1:25 portion with no market value. Am I the only one that Mobi forgot to issue shares to today?

i havent got them either yet still 0 value with the 1/25 dont worry!

tomorrow's game is not too far away =D

 

[moses]

Well MBI is back trading as per normal with 1/25 of the shares. But the SP is rather disappointing, and looks like going lower.

Aren't we also supposed to be getting some other shares in a new company?

 

[nahman]

the new MBI is the new company i think - its the newly consolidated company and yes, it is extremely disappointing about the SP because it might go lower than it is now

 

[nahman]

This stock seems like it will go nowhere fast unless theres more positive announcements bit disappointing really.

 

[nahman]

Trading halt, IMO severely undervalued at the moment, something will hopefully come out of this was considering accumulating while under 11c

 

[Sean K]

nahman, Why would this be going nowhere fast and then severely undervalued a few days later? Can you please expand on your reasoning behind posts a little so we are more informed? Cheers, kennas

 

[nahman]

nahman, Why would this be going nowhere fast and then severely undervalued a few days later? Can you please expand on your reasoning behind posts a little so we are more informed? Cheers, kennas

well read my whole post: going nowhere fast unless announcement which there is now.
Undervalued because of pre consolidation was trading at 0.006-0.011 lets say average of 0.007 weighted by volume. The consolidation was 25:1 Multiply 0.007 by 25 = 17.5c. Current prices trading between 0.091 and 0.10. There is great value trading and buying now (before todays trading halt anyway). Simple maths mate.
Was that easy to understand?

 

[JackC]

I'm wondering whether this ann. is anything to do with the fact that "Crazy John" has just passed away. I know Mobi have recently signed a deal with them so it could have an effect on how things stand.
I would have to agree that MBI is looking undervalued & its hard to understand why. Its tempting to top up at these prices, but guess we'll just have to see what happens tomorrow

 

[michael_selway]

I'm wondering whether this ann. is anything to do with the fact that "Crazy John" has just passed away. I know Mobi have recently signed a deal with them so it could have an effect on how things stand.
I would have to agree that MBI is looking undervalued & its hard to understand why. Its tempting to top up at these prices, but guess we'll just have to see what happens tomorrow

This stock used to be $400+ at one stage?

thx

MS

Earnings and Dividends Forecast (cents per share)
2007 -- -- --
EPS -4.0 -- -- --
DPS 0.0 -- -- --

 

[ricm]

Jackc,
To my understanding John passed away this morning, the TH was enforced the day before. Also mbi isnt just about the CJ's deal.
An eerie coincidence, or is it, just like the Today Tonight article appearing on him last nite.

Condolences to the Ilhan family.

 

[nahman]

Seems like I was right about the company being undervalued, even the company thinks so in todays announcement, free shares too

 

[davidj123]

Does anybody think this could start turning around, just looks good. As far as I know this company has no debt, and it was once a four hundred dollar stock, might be worth throwing $400 at it.