BBB79, Thanks. At year 2008, my friend bought in Airasia around RM 0.90++,he called the purchase as "Bought for retirement"....until now he still hold Airasia... 500 lots of Airasia... he appreciated the "capital growth", but not a good Income Stock....
Taitai bought this share at 1RM in 2009. Since then got >4x gains including 1:2 free share spinoff of MPHBCAP paid for wif 50 sen per share capital repayment n now worth rm1.72 plus solid 5 or 6% dividend into the foreseeable future wif Magnum. We need more "retirement" stock like these! Oso expect mphbcap will hit RM3 before too long meaning her original RM1 investment will be worth ~RM5. Yup that's good for retirement for sure.
property not liquid. lots of work to manage if renting and dealing with tenants. business property maybe, like shophouse or mall unit perhaps. gold and silver bullion may is best or mining stocks. any gold mining stocks on klse ?
why so much for special dividend member41? I believe they will do it. just because they did not do it in conjunction with their regular dividend does not mean they won't do it. ahaha
meanwhile take your 5% 4x a year and be happy. very very happy.
give them time after divestiture of mphb capital to complete the business plan. oledi people who bought before divestiture have very big profit + very good dividends. mphbcap now has room to run and magnum scope to increase dividend. it's like mother goose counter.
Very few company generating 60mil to 80mil profit every qtr. They just need space, computer system, little human capital to do the business. Only risk is gov take away the license or limit the number of draws. This is basically an ATM machine. Just buy and keep. Believe Magnum wont be just sitting just doing the 4D draw...matter of time they may introduce lotto (toto) concept or any other additional game.
Magnum is now a pure NFO play like Bjtoto. It is a defensive stock going forward. The excitement as in growth stock will not be there anymore except that it's quarterly earnings are inconsistent and thus volatile as compare to Bjtoto, thus the price will move to reflect the inconsistency.
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....
BBB79
2,689 posts
Posted by BBB79 > 2013-11-04 13:47 | Report Abuse
stockcrazy, i like your "good for retirement". Steady man...