I know the Mamee people in Melaka. They are as frugal and clever like you. Years back I participated in a tender for those old and creaky Mamee Used Lorries. I lost the tender to someone else. Upon checking I found out to my surprise that Mamee got over RM100k for those few rusty lorries. Amazing.
And Mamee used their furniture for umpteen years untill they looked like antic. The Management of Mamee is so frugal that they managed to cut cost to the bone & compete against Nestle's Maggie Mee.
Mamee Won! And Mamee was So profitable that it was taken private later.
Understanding Strata Title and Individual Title in Property Ownership
A Strata Title is a Title Holding A Group of Properties Like Bungalow Lands or Apartments
In this case transfer cannot be effected as there is no individual title yet. The property can be sold by assignment of ownership.
Eventually for practical purposes the Developer will apply to break up the master or strata title into individual title. In this case the property can be transferred directly from one owner to another unless there is specification that permission is needed by the authority.
Years ago Focal Aims sold Kota Masai Bungalow Plots for RM12 per sq ft
As times were bad many of those lands were repossessed by banks for auction. There were so many houses & lands sold far below market price due to
1) Many Sabahans/Sarawakians lost their jobs and returned to East Malaysia. So many properties were left vacant. Bungalow lands fell to a low of RM5 psf in High Court auction
2) As a result Focal Aims share price dropped to a low of 11 cents
3) The Iskandar Boom Initiated by PM Badawi changed the fortunes of Iskandar Region. So Ecoworld took over Focal Aims assets at RM1.40 per share to the delight of share holders
PM Najib has included NEXUS KARAMBUNAI IN HIS 10MP SPEECH
And the people of Karambunai gave him the mandate to rule for 5 years
Now that time is up PM Najib is looking for another endorsement from Sarawak & Sabah
SEE WHAT HE WILL SAY IN UPCOMING SPEECH ON 21ST MAY 2015 for 11MP Coinciding With East Malaysia Election of Year 2016
Just as PM Badawi brought the Game Changer to Iskandar PM Najib has designated NEXUS KARAMBUNAI For ETP.
I once bought a Jeep from Kapit owned by One Company HQ in KL. I got it through tender. I only saw the picture of The Toyota 4x4.
After I got the tender I found out to my horror that they say I can only bring out the Jeep by river as there were no proper road to Kapit from Kuching. Ha! I am so glad I sold it to a Used Car Dealer from Miri called Jimmy. And I haven't met Jimmy before. Only contacted him by phone.
Very strange but true.
I bought a Jeep I didn't see. And I sold the Jeep to a buyer I haven't met.
Mamee My smart Johor buddies are buying. Last time they wallopped Pm Corp at 13 cents. They. Gobbled uo almost 5% of Pm Corp. This round is kaboom wang tunai.
kbunai 9 month sales is only RM36 million, each month can make RM4 million sales only.
RM4 million sales each month how to handle 500 employes salaries, huge resorts area and facilities to maintainence, water bill, electric bills, room facilities, gardens, plants, playgrounds, pools and etc no wonder villas are rotting away and unattended erosion at their sea-walls.
It will never make profit.. loses after losses, sooner or later they wont be able to raise more shares, that's when they will be delisted and it wont be very long because it bleeding has become worse.
7 billion shares *caugh*caugh*caugh* and calvin is expected it to rally.
you know why the big buy queue or not ? it is just to give u all more confident to buy more, to get more people trapped. They know most people bought at 7sen, surely wont cut loss.
Show is winning. Mamee monster, come out with somethings more interesting beside printing CD. Sidetrack: why BJ Corp drop so much? Maybe no longer Calvin favourite
I hope Calvin understand selling a house is different from selling stock. From find a buyer to finally get your money is about 6 months ( understand he is a real estate agent but he doesn't seem to understand the mechanics of selling property ) Or am I wrong. Please explain
DXN is losing Malaysia market pies, they are smart to switch their market overseas.
>97% local distributors are losing money, >have to buy teaching materials, brochures, testimonial CD/DVDs. (haha no Blue-ray discs that time)
Some stockists is forced to close.
But the company is making money, go to Oman explore new markets there
Contrast to CNI ..... diminishing sales. Losing money recent, still giving dividend 0.3 sen ps, from retained profits. Shares price frm RM 1 to 9 sen.....
Elken, the RED BAJU GIRLS and BLACK FORMAL MEN, and "GOOD MORNING" is the shadow of DXN.
If CNI can also learn from the teniks, now can earn more money like DXN before taken private. 真是同人不同命啊,
But the destiny can be controlled.... may be, suddenly CNI explored new markets/distributors, and MEMAA say GOOD MORNING CNI, CNI also goreng and taken private like DXN @ RM 1.xx some day?
I have just found out these FACTS ABOUT KARAMBUNAI
Nexus Resort Pool Villa were marketed to few hundred investors from Both East & West Malaysians & 31 FOREIGN COUNTRIES World Wide in year 2006 at a price of UD$300K to US$400 each
This Shows that Karambunai Lands and Properties CAN BE SOLD TO FOREIGNERS IN MY SECOND HOME PROGRAM
Currently There Are Foreign Retirees Residing in Nexus Karambunai Resorts. So It IS A LIVABLE PLACE.
Management is Seeking to Improve all those Villas of disgruntled investors.
And A New Beginning Has Now Started for KARAMBUNAI
Management is Also submitting the title change from strata title to individual title for ease of transfer.
Past bad news have all been factored into Kbunai prices.
Things Have Changed for The Better. That's why Few People are Selling But There is Strong Support - 16 millions are queuing to buy Kbunai shares
Normally if people found good stocks, they will keep quiet form themselves, or at most brags 1 or 2 comments, unlike you Calvin, post tons of comments to promote KBUNAI, your points still make sense, but I really don't understand you. Free lunch/frogs dancing on the street?
If Good Stocks are Not Promoted Bad Stocks Will Be
How many people have contacted me and told me they bought into goreng stocks without fundamental and lost all their monies. Examples are Patimas, Maemode, SAAG & other possible candidates like hubline and RA. And warning against ACE Companies without fundamental like Sudatrap (Sumatech) & VSolar (Very Stupid)
Many have benefited by my call to buy PM Corp, Super Enterprize, Opcom, Jaks, CMSB, KKB, Naim, Kheesan' Gmutual, MKLand, IPMUDA, L&G, Nova, MyEg, Prestar, All Furniture Companies, Export Companies, Rubber Related Companies, All Logistic Companies & Now 11MP Related Companies.
So it is my MISSION here to give a helping hand to all who need light and guidance.
1) My Johor Sifu. My first impression of him was deplorable. He only appears in OSK after 12 noon. And his hair is unkempt. He wore shorts & T shirt & cheap slippers. I don't think he even has more than RM30 in his pocket.
Cash flow? Looks like he just came from cleaning the wet market and earned his few ringgit for the day.
How wrong was I. I found out that he is filthy rich. Rich in assets. He told me his grand father once brought him to Kulai to see their Old Palm plantations. His grandfather said, "Grand son. If you just take a walk in our plantation you won't be able to reach the end of it even if you walk till sun sets"
Why? Wow! They own all those oil palm lands from Kulai till Mersing. I finally knew that he appeared poor because he kept a low profile. He is richer than all the combined wealth of 30 Remisiers & Stock Brokers.
2) I met a guy in JB High Court. This fella also wore Shorts, T Shirts & Cheap slippers. The rest dressed very decently. The lawyers were wearing suits.
Ha! This fella own more than 200 houses!
But every time we met he would show me a nice cheap place to drink coffee. Nobody in the entire coffee shop would know that he own 200 properties. Some might even mistaken him to be a coffee boy and ask him to fetch their cup of coffee.
3) I know of a Surgeon who dresses simply and won't have more than S$50 in his pocket (He told me). Yet he owned a Good Class Bungalow in Singapore with his own private pool.
To this day I never worry for their cash flow problems at all. All 3 are doing pretty well.
So I don't know how kbunai will resolve the problem of its cash flow.
What I DO KNOW IS KBUNAI IS FILTHY RICH IN ASSETS!
Properties asserts very low in liquidity, not say u want to sell u can sell. In other words, difficult in getting buyers especially if the figures are huge. Just my 2cents and happy trading.
my god "FILTHY RICH IN ASSETS" ? maybe he has not seen what is rich in asset and what is not. Kbunai is not rich in assets, those are small lousy assets. Total lands across the country are less than 2000 acres, mostly at remote places and the only one near to civilisation is that karambunai resort, which is a seaside land... which is barely usable for anything else apart from holiday resort, which is proven unprofitable because there are many other better holiday resorts elsewhere in Sabah.
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....
calvintaneng
56,552 posts
Posted by calvintaneng > 2015-05-07 13:01 | Report Abuse
Mamee
I bought all 5 counters
Cmsb
Kkb
Naim
Weida
Kbunai
Kbunai needs my promotion as others are full of enthusiatic people cheering
It is a race to see which will finally emerge number 1