I am happy to see your bullishness and I do feel your joy.
Years back I bought both OKA & MUDA at around 35 cents. At that time people laughed at me for buying longkang (OKA in drain pipes) & sampah (waste paper recycling).
They say, "How much can longkang and sampah shares make? Today both OKA (now split) & MUDA Have Skyrocketed 700% & I heard rumour that MUDA might be taken private.
Let me give you the reason why they want to take MUDA private.
MUDA uses used newspapers and cardboards which we throw away.
Then there is CHEAP LABOUR. Poor people collects these trash and sell them to MUDA - as low as 10 cents a kg. After processing into photocopy papers a Kg can sell for RM10.00 or more.
Recently, there is a price hike of 30% for all paper products. So Muda and others like Ornapaper, Master Pack & Asiafile Have Shot Up in Prices!
Since cost (trash) is so low at cents a kg & the finished product (photocopy paper) can sell for 1 million% profit Insiders really love to take Muda private and keep all profits to themselves.
What should you do if they take you shares private?
Well, I have 2 stocks on the verge of break out like Muda.
1) KPSCB is also in toilet paper and photocopy papers manufacture see www.kpscb.com.
2) Another is Mulpha. I bought Muda at 35 cents when few people saw Muda's potential. Mulpha has run up a little. Try to get some on weakness. Someday, Mulpha will also rise up like Muda
Hi friends, other than this good counter, LBI Cap is a very good property counter with high EPS of about 10 cents last quarter due to higher revenue and very good gross profit margin ; 5 cents dividend will ex in Nov 2014 ; a director keep buying the shares and two more property projects to launched this year !!! Now LBI Cap is at about RM1.56 only and it has been on the rise slightly since yesterday. would like to share this good counter with u all good investors :). Yeah ! as well as its warrant with zero premium. Good luck !!!
MUDA - OTHERS We refer to the article published in the Edge Financial Daily on 3rd October 2014 entitled "Muda Holdings Up For Sale" and in particular the following statements:- 1. "Tan Sri Lim Guan Teik, the largest shareholder of Muda Holdings Bhd, is said to be selling his stake in the paper mills and paper packaging company, after helming it for moe than three decades; and 2. "The owner of Muda is selling his stake in the company. However, the identity of the buyer is still not clear yet at this juncture." After due and diligent enquiry with all the Directors of the Company including persons connected with them and the major shareholder, Hartaban Holdings Sdn Bhd, the Board of Directors of Muda Holdings Berhad wishes to state that the claims published in the Edge Financial Daily were not true as Tan Sri Lim Guan Teik and the persons and companies connected with him have confirmed that they are not selling their stakes in the company. This Announcement is dated 3rd October 2014
asia file holding 20% of the muda share, With current bear market, they may be selling to take profit. A big gain for them . Therefore, sell before they sell.
asiaflile will not sell in the open market. They are a net cash company and dont need the cash desperately. They are more likely to sell the stake in an off market deal and wont sell it at this price. They will only consider selling it at a significantly higher price. I think the share price has bottomed out
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....
ykgykg
341 posts
Posted by ykgykg > 2014-04-29 18:45 | Report Abuse
Time to collect more !