I remember selling at 0.23 in early 2018 when the son became the CEO. He never striked me as a business type. Just the type who talks a lot. With his salaries and the company making losses, I am glad I did not stick around.
These guys have NO shame! Huge salary but keep losing in business. Same as TalamT. No direction and No clue how to improve the earnings of the company.
ov123 Our clown is having a good time
2019 Net Loss Rm 105m His remuneration RM 1.454m 2020 Net Loss RM 199m His remuneration RM 1.734m 2021 Net Loss RM 99m His remuneration RM 1.797m 29/11/2021 8:36 PM
Relax and chilled.. Old man won't be longgg... Useless BOD will decide to sell off Mui mui .... That's is so obvious... By then mass buy up will happens
(Highlight) Grab Holdings Ltd, Southeast Asia’s biggest ride-hailing and delivery firm, is buying over premium supermarket chain Jaya Grocer. According to sources, it is forking out RM1.5 billion to RM1.8 billion to acquire the business.
When a man stays in the limelight for too long, the world gets to see what happens to him. A wife washing the linens in the court room, a daughter branding him a racist and an inept son mocked in public.
Mui Chai CEO has peabrains. He only knows how to sell assets to pay interest. Corus London alone is worth more than the total debts and current market value of the company. Everything else is free.
Mui will be privatization once old man up lorry... The offer is too hard to resists... Many offer will flow in... Look at Jaya Grocer take over.... Only the strong will survives this crisis!
This counter has disappointed almost all punters long term as well as a short term for the last 50 years. Oldman and son same lining up their pockets. Oldman in London, while son here no new strategy and no creation of value.
Posted by Cnbcnb > Dec 22, 2021 8:35 PM | Report Abuse
The Proposed Disposal provides the Group an opportunity to unlock and realise the value of the Property whilst providing gross proceeds of RM36.22 million arising from the sale of the Property. The proceeds from the Proposed Disposal will enable the Group to strengthen its cashflow, and at the same time, provide additional funds for capital and operating expenditure as well as working capital.
Disposed of whatever, all cashflow pay their fees and salaries. For decades not paying any divi at all?
Bmw X5 The Proposed Disposal provides the Group an opportunity to unlock and realise the value of the Property whilst providing gross proceeds of RM36.22 million arising from the sale of the Property. The proceeds from the Proposed Disposal will enable the Group to strengthen its cashflow, and at the same time, provide additional funds for capital and operating expenditure as well as working capital. 03/01/2022 2:52 PM
possible likely there are 3 groups of people here. 1) investor who know what is going on and are patient of the development. 2) People who got hurt badly due to losses and are not emotionally unstable and make sure no one benefited from it, hoping every one will be like them. In Chinese proverb, say that grape is sourer cos they don't get to try. 3) Apportunist who wanted to benefit from others suffering. Meaning to say profit if you sell cheap cheap and this group of people is the most dangerous cos they like devourer waiting for its prey and most greedy people here. In chinese proverb, you die your own problem
Viewer, do your valuation of which group of people are you in.
This in turn will reduce the indebtedness and repayment obligation of the group, and thereby improving the liquidity position of the group moving forward," added MUI.
MUI's shares closed unchanged at seven sen, with a market capitalisation of RM205.28 million. The stock has fallen 30% year to date.
“The thing about private placement is that it is only for a selected few or qualified investors, so somehow, it sometimes raises questions on who they are.
“A private placement is always a privilege to a selected few whereas a rights issue, which goes to every shareholder, is a fairer way of fundraising, in my view, ”
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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....
kkp999
23 posts
Posted by kkp999 > 2021-11-29 09:10 | Report Abuse
my little andrew is really incapable of bringing mui back alive after 3 years incharge