Attended the AGM. Dato Chew spoke very well. He acknowledge that the current share price is depress but did tell investors that it will rebound back to it's true intrinsic value.
obviously ur a amateur, he always spoke very well to con investor money, been years like that, but it never change, true intrinsic value my ass, in ur dream la, hahahaha
The true intrinsic value is 50 cents. This is arrived by taking into consideration all their licences. I know there was an article that priced the Co share price at RM1. That valuation is stretched. Although not impossible but it comes with much higher earnings.
Actually if MPay can successfully implemented 70%-80% of the following projects then will be in good shape liao
2017 ACHIEVEMENTS • Receipt of Conditional Approval from Ministry of Urban Wellbeing, Housing And Local Government for Money Lending Licence on 25 May 2017. • Acceptance by Johor Corporation subsidiary to launch MPay KA$H Co-Brand Mastercard Prepaid Card on 25 May 2017. • Completed the acquisition of 60% of Stark Events Sdn Bhd on 6 Sep 2017. • Joint venture with Contracts Rise Sdn Bhd to set up MPay Mobile Sdn Bhd, 40% owned by MPay on 18 September 2017. • Successfully launched QuicKash P2P Financing on 29 September 2017. • Start revenue contributions from QuicKash by 4th quarter 2017. • Awarded the MVNO License by Malaysian Communication And Multimedia Commission (“MCMC”) on 16 October 2016. • Collaboration between Malaysia External Trade Development Corporation (“MATRADE”) and ManagePay Marketing Sdn Bhd (“MPay Marketing”) to provide e-marketplace for the Malaysian small and medium-sized enterprises (“SMEs”) under MATRADE eTRADE Programme on 26 December 2017. • Trustgate registered yet another profitable year in 2017, contributed to MPay’s bottom line in 2017.
The biggest problem with MPay is they are not aggressive enough in promoting their products. They are more than GHL and TouchnGo if u think wisely. Their money lending biz and their P2P platform if run well is enough for them to be a succesful Co. At the moment I am extremely disappointed with Chew Chew Seng.
The best is to let a strategic Investor take control of the Co and run the biz. Preferably an international Fintech house which sees synergy with MPay's current biz. Chew can stay as advisor.
remember pick n go? where is it now? meanwhile grab new competitor is mycar, from this example u can see how mpay handling their product, just to show face, investor get conned and pour in money, bye bye product rot to dead, move on to another con job HAHAHAHA
Be careful this Mpay. Look at the annual report, its MD, wife, brother in law, sister in law, other relatives sit on the board. All cannot work one because I know them very well.
Lagi dasyat, the MD & wife bought the office blocks in USJ and rent to Mpay at ridiculous rentals. In short, semua kasi makan sampai habis.
oh hell yea, family business since it started, thats why most investor fed up and pulled out, those that still stuck just looking for time to sell off only, if really wanna change, get rid of the chew empire 1st
went for 3 AGMs - not once explain company's financial position. Each time this Chew guy talk only of future technology and nothing else. Total waste of time. Family like business and chairman appears to be a gt supporter - no use one. Buth hope now the price move until can get back money!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probono
668 posts
Posted by probono > 2018-04-05 07:05 | Report Abuse
Careful itz loss making company. Better sell before collapse more because everything is a hype buying only