Posted by vinc3362 > 2014-07-11 12:41 | Report Abuse

Thanks for the info Mulpha forummers, especially Calvin. Have been observing and doing some minor research on this stock myself for the past three days.

Conclusion : Downside limited to 20% max, but upside is a few hundred percent gain.
Financial report should start to look better from third quarter onwards.

I am now officially joining the Mulpha International bandwagon.

Posted by uchitech008 > 2014-07-11 14:56 | Report Abuse

Yes, welcome vinc3362.

Posted by Seek > 2014-07-11 15:32 | Report Abuse

Joining u guys! Land has appreciated so much the last 10 years n it's not reflected in the stock price of mulpha. So many property counters have doubled, tripled n quadrupled n yet mulpha remain the same. Very small risk but great potential gain. Good write up Calvin . Thks.

Posted by ngcc76 > 2014-07-11 16:10 | Report Abuse

Mulpha is long term.小刀锯大树。

Posted by steveooikp > 2014-07-11 17:53 | Report Abuse

Monday.... 43 sens.

Posted by uchitech008 > 2014-07-11 18:37 | Report Abuse

Good, i will add more

Posted by james95 > 2014-07-11 22:16 | Report Abuse

time to in or wait further correction?

Posted by trustme932 > 2014-07-11 22:19 | Report Abuse

Support base lies at 0.455-0.46 which WILL HOLD for the next upleg abv 0.49.good luck.

Posted by calvintaneng > 2014-07-11 22:46 | Report Abuse

Very Good,

Today MayBank Boss keyed in to buy 20,000 shares at 46.5 cts and another 20,000 shares at 46 cts. At final tally she only managed to get 20,000 shares at 46.5 cts as others have keyed in earlier to buy before her at 46 cts. Now she has 220,000 shares.

To Buy Leisure Farm at RM8.50 psf is like buying 2 Storey Houses in Lorong Maarof in Bangsar, KL at RM20,000 a unit. When was it? In year 1970. Yes, 44 years ago 2 storey 4 rooms 3 baths houses in Bangsar Park were going at RM20,000. What if there is one for RM20,000 today? I am sure the Whole Population of KL & PJ will rush & buy it.

So those who KNOW are rushing to Buy Mulpha Shares at pennies to the Dollar today!

Posted by calvintaneng > 2014-07-11 23:01 | Report Abuse

Ha! Those Who Don't Know About Mulpha's Intrinsic Value Might Want To Give Their Opinion About Mulpha at 46 cts? 44 Cts 43 Cts?

Well, the orang asli of Pahang Jungle might also want to quote a lower price for 2 Stroey House In Bangsar for RM18,000? RM16.000? or RM14,000.

You see lacking in wisdom a person can say anything and shout any price

Fisher says, "Everybody knows the price of a stock but not its value"

Posted by calvintaneng > 2014-07-11 23:39 | Report Abuse

What is the current market price of a 2 Storey House in Bangsar today? Finding the truth is easy. Just drive to Bangsar and look for houses with "For Sale" Sign. Or call the Local Real Estate Agent. You can also look it up in PropertyGuru.My or refer to the Star Newspaper Classified advert.
Or if you are adventurous you can go from house to house and ask the owner whether they want to sell the house or not. If yes try to offer prices to say 30 houses. After checking with 30 actual house owners you will then arrive at a true current price.

Of course you can't quote RM20K. They will think you are out of your mind. Price probably range from RM1.5 Millions more or less today. Correct me if I am wrong. You see, I am typing this in Iskandar Right Now.

So A House Is Tangible & You Can Quantify Its Real Market Value

A Share However Is Not So Easy To Quantify. A different price given by Mr. Market every day. A Share can fluctuate 30% up or down 30% in a year.

To be continued...

Posted by calvintaneng > 2014-07-11 23:52 | Report Abuse

In The Real World You Can't Get A 2 Storey House in Bangsar for 1970 Price at RM20,000. Definitely not!

Not In The Share Market. Many A Time The Market Has Overlooked or Mispriced A Share Due To Ignorance and fear. And Mr. Market can & do price a house worth for RM1.5 Millions for RM20,000 in the share market . And sometimes Mr. Market can pay RM1.5 Millions for a Low Cost Flat Worth RM20,000. I say in The Share Market. Because The Share Market Is Not The Same As The Real World. There Is Gross Mispricing All The Time.

That's why people can chase Transmile up to RM15.00 and say it's cheap and worth it. And people also can Shun Mulpha at 46.5 cts.

It Is This Mispricing That Opens Up Investment Opportunity For DEEP VALUE HUNTERS. AND THE DISCOVERY INDEED IS VERY EXCITING & REWARDING..

Posted by munmeng > 2014-07-12 09:01 | Report Abuse

haha. tranmil finally delisted in bursa. will mulpha the same？

Posted by calvintaneng > 2014-07-12 11:48 |

Post removed.Why?

Posted by nicholasniko > 2014-07-12 12:00 | Report Abuse

Tat is no way to go 43cents....eat slp and dream more la....TALK Of The POP

Posted by nicholasniko > 2014-07-12 12:01 | Report Abuse

Pbb margin give cagaran mulpha 40cents....y very high bcoz they knew the real value....

Posted by GimEng Hong > 2014-07-12 12:39 | Report Abuse

U r right mulpha will up double or triple on future

Posted by GimEng Hong > 2014-07-12 12:42 | Report Abuse

Monday......0.43.....u slow slow wait lor

Posted by uchitech008 > 2014-07-12 13:00 | Report Abuse

I see more and more forumers have joined in this Mulpha topics. why, very easy, more and more people have discovered the instrinsic value of Mulpha. Of course, I dont deny Muloha does have some weakness as we have discussed above. As in investment reality, if we have 90% confidence and can sleep well after buying. it is considered as good investment. of course, if u want to sleep 100% nicely, then put your money in fd. what I can say is investment in mulpha, we have minim. risk but potential unlimited profit.

Posted by GimEng Hong > 2014-07-12 13:50 | Report Abuse

1978 tanjung bunga,penang land just 0.50psf,now ady 550psf-600psf.Leisure Farm now 200psf i beleived in future will be up to 400psf-600psf.So that mean mulpha share will up up up

Posted by calvintaneng > 2014-07-12 14:02 | Report Abuse

GimEng Hong,

Yes, I was in Penang for 2 years 1979 - 1980. I remember Tanjung Bungah well. There is a very nice nasi kandar roadside store which I used to go for lunch. And I used to go fishing on the shores nearby. Those were nostalgic years. Since Mulpha's Leisure Farm is so undervalued the Upside will be Immense.

Posted by Nallayak > 2014-07-12 15:04 | Report Abuse

Leisure farm started in 1980 then land cost nearby only RM3,000 per acre (7sen psf), businessmen always jack up the value to RM5,000 per acre and get bank loan to buy, hardly come put any cash from the businessman.

Posted by Nallayak > 2014-07-12 15:09 | Report Abuse

Similarly, one can get ledang height bungalow plot 10 years ago at RM28 psf now in demand with agent keen asking RM200 psf . Shenzen is the 17th most expensive city in the world nowadays and many giant china gps believe Iskandar will be next shenzen, in that case Iskandar will in 10 to 20 years time be ranked as one of most expensive city also

Posted by mikeann > 2014-07-13 03:19 | Report Abuse

Calvin,

Thanks for your info on Mulpha.

Just wondering where in the bible ( Book and verse ) is it stated that " One Third of Mankind Perished " . I am interested to know.

Thanks a million !

Posted by venomv > 2014-07-13 03:33 | Report Abuse

Interesting comments from Lee Seng Huang Mulpha's Chairman on the Company's business.

http://www.theedgemalaysia.com/property/249873-simplifying-the-way-mulpha-works.html

Note : FKP Property Group was renamed Aveo Group Australia

Posted by rlch > 2014-07-13 04:11 | Report Abuse

Property boom time Mulpha cannot make money what to expect time when interest rate are increased like now.

Posted by calvintaneng > 2014-07-13 09:16 | Report Abuse

Good Morning Mikeann & all here,

In Revelation (Last Book of the Bible) Chapter 9 verse 15 it says

"And the four angels were loosed, which were prepared for an hour, and a day, and a month, and a year, for to slay the third part of men."

for the phrase "the third part of men" there is a footnote "one third of all mankind" See www.kjb.com

Posted by calvintaneng > 2014-07-13 09:48 | Report Abuse

Venomv,

Yes, there is a new optimism in Mulpha's Top Boss Mr. Lee. There is a picture of him beaming with smile when UEMS & MULPHA Joined In Building the Surrounding Infrar for a RM107 Millions Project.

Rich,

Welcome, welcome, your name "rich" befits this Forum site. Interest rate rise will impact the poor to a certain extent, and will hit the middle class more but on the "rich" it will be minimal. Why?

The poor has no saving and live from hands to mouth, so they will be impacted by rise in food cost. In Malaysia Govt subsidize ron95 petrol (I can't pump this as I drive a Spore reg car), and control prices of rice, floor, sugar and cooking oil (Sporeans not allowed to bring these controlled items through custom). Also build low cost flats for poor. So poor people are given aid by Govt

For the Middle Class who have Housing loan, car loan, credit card loan and other commitments will be impacted more by rising interest rates. So they will downgrade to more economical eating places, buy less branded stuff. So food, clothes and other outlets of middle class range will be impacted more.

For the "Upper Class" & The Super Rich. They will even benefit from interest rate rise as they have lots of cash in bank and they also bought properties by cash. They might have gearing but they only borrow to invest in profit generating assets. I think since Mulpha Shares are so cheap it is even OK to borrow money to buy some.

Posted by Nallayak > 2014-07-13 20:12 | Report Abuse

too diversified and now must compete also with big China gps & sunway. RM115 to 150 psf for land tender recently is not good at give away price. underp[riced still why sell. PJ bungalow land is upto 700 psf. Shouldn't sell any more cheap land . min should sell at 200 psf like Spore GLS got min reserved price.

Posted by calvintaneng > 2014-07-13 20:50 | Report Abuse

Very Good News,

In THE EDGE DAILY SINGAPORE EDITION TODAY

LEISURE FARM GOOD CLASS BUNGALOWS ADVERT FOR SALE BY TENDER

12,300 sq ft to 1.3 Acre Land Plot. Minimum Reserve Price Starts From RM2.64 Millions

So divide RM2,640,000 by 12,300 sq ft = RM214. psf. This Is The Reserve Price. Let's Keep Our Fingers Crossed & See Actual Tender Results!

..........TENDER CLOSING 8 AUGUST, 2014

Contact Exclusive Agent at JTResi , Jerry Tan +65 9631 6467
www.leisurefarm.com.my

Posted by calvintaneng > 2014-07-13 20:57 | Report Abuse

There Is A Big Mispricing Here. Prices of LEISURE FARM is now Marketed At Minimum Reserved Price at RM214 psf. By Tender Only. No Guarantee You Can Get Any.

And We Are Buying Mulpha Leisure Farm Lands at Old Book Value at only RM8.40 psf. A HUGE UNBELIEVABLE DISCOUNT OF 96%!! Get Your Hands On As Many Mulpha Shares You Can Get Now. How Can Any One Miss?

Posted by hsong > 2014-07-13 21:05 | Report Abuse

Instead of buying the land itself, buying Mulpha Int shares is more marketable and at lower entry price. This is better than most of the REITS which are revalued every few years.

Posted by calvintaneng > 2014-07-13 21:38 | Report Abuse

THE POWER OF ARBITRAGE

In Year 2007 Sapura Group Have 2 Listed Stocks

1) SAPURA TECH
2) SAPURA CREST

COMPANY DECIDED TO TAKE SAPTECH PRIVATE BY

GIVING ONE SAPCRES WITH EXTRA 40 CENTS CAPITAL REPAYMENT FOR EVERY EXISTING SAPTECH SHARES.

BOTH WERE TRADED AT AROUND 80 CENTS

SO BUYING SAPTECH IS A NO BRAINER.

HOWEVER, I SAW ONE CHINAMAN BUYING SAPCRES INSTEAD OF SAPTECH IN TOTAL IGNORANCE.. I WAS WITH MY JOHOR SIFU IN AA ANTHONY {NOW UOB KAYHIAN).

I TOLD MY JOHOR SIFU TO TELL THE "GUY" TO BUY SAPTECH INSTEAD AS IT IS EQUIVALENT TO SAPCRES WITH EXTRA FREE 40 CENTS!

MY SIFU STOPPED ME. THIS IS WHAT HE SAID, "NO USE EXPLAINING TO THIS STUBBORN FELLA" BECAUSE HE WON'T SEE THE DIFFERENCE AND MIGHT EVEN SCOLD YOU FOR BEING A BUSYBODY!"

ONE DAY I RECEIVED SAPCRES SHARES PLUS EXTRA 40 CTS FOR EVERY SAPCRES I BOUGHT AFTER CAPITAL EXERCISE. THIS IS THE POWER OF ARBITRAGE - NOW AVAILABLE SO CLEARLY BETWEEN LEISURE FARM LAND AND MULPHA SHARES.

CAN YOU SEE THE DIFFERENCE?

Posted by calvintaneng > 2014-07-13 21:41 | Report Abuse

SHOULD READ AS "I RECEIVED ONE SAPCRES PLUS EXTRA 40 CENTS FOR EVERY SAPTECH I OWNED."

Posted by mikeann > 2014-07-13 22:27 | Report Abuse

Hi calvin,

Thanks for the prompt response. Really appreciate it.

I agree , there is negligible downside for mulpha. it's a matter of time b4 it plays catch up with the other property stocks in Iskandar Johor.

Now is the best time to buy at this base price really.

Simple reason : LITTLE DOWNSIDE BUT BIG UPSIDE;

Posted by uchitech008 > 2014-07-14 09:42 | Report Abuse

selling pressure still persist, queing 0.455 200 lots

Posted by trustme932 > 2014-07-14 10:06 | Report Abuse

double top seen(may-june) at 0.455 will now become strong support...buy for the next upleg abv 0.49...good luck.

Posted by venomv > 2014-07-14 11:51 | Report Abuse

Calvin Tan : While I am a strong supporter of Mulpha, I am an even stronger supporter for SUNZEN (0148). It's starting to MOVE UP....Catch it if you can !!!

Posted by calvintaneng > 2014-07-14 12:53 | Report Abuse

Venomv,

Yes, I saw Sunzen moving up. In fact I saw it much earlier. But I don't understand its business so I will let it pass. Just be careful as I already pointed out in Sunzen tread that Directors are selling into strength. In Mulpha's Case Directors are holding while only Honest Opportunity are selling.

I read from earlier comments that Honest Opportunity bought Mulpha at 37 cts to 40 cts from Goldman Sachs selling years back. So it is perfectly OK for Honest Opportunity to take some profit.

Years back my Johor Sifu & I bought KPS at 50 cts to 42 cts. KPS lowest price was only 39 cts. We also took profit when KPS crossed RM1.20 (Up 300%). . After that KPS Still Moved Up To An All Time High of RM3.94.(Up 1,000%)

So Honest Opportunity is actually passing us Bargains which they don't know.

Posted by TACHU > 2014-07-14 13:21 | Report Abuse

Hai Cavintaneng, Ihave been following your blog. which is quite interesting and u seem to know very well abt leisure farm. Iwould like to know whether this company have built any residence hse like 2 storey hse and how much its cost? TQ

Posted by venomv > 2014-07-14 13:21 | Report Abuse

From my analysis it seems clear to me that with the selling from Honest Oppurtunity, the Mulpha management is saying that the time to move is not NOW. As you can see, the disposals from Honest Oppurtunity are direct sale into the market. As far as I know, unfortunately, Honest Oppurtunity; Top Champ; Klang Enterprise; Nautical; Magic Unicorn; Yong Pit Chin are PAIC.
So Mulpha probably need some more time to brew......

Whereas for SUNZEN the 20million disposal from the three founding directors are married deals which means they are private placements. AH Ha......that is telling a LOT!!!!!
Anyway watch out....Sunzen will explode soon.

Posted by TACHU > 2014-07-14 15:23 | Report Abuse

Hai Vonomv, What is PAIC stand for?

Posted by venomv > 2014-07-14 15:42 | Report Abuse

PAIC means "Parties Acting In Concert"

Posted by TACHU > 2014-07-14 15:51 | Report Abuse

TQ venomy

Posted by TACHU > 2014-07-14 15:58 | Report Abuse

Hai VENOMV

So far there is no heavy correction in the market.I wonder there is ?
Any comment about the market ?

Posted by steveooikp > 2014-07-14 16:30 | Report Abuse

mulpha heavily in debt, property market is coming down. Be careful of correction!! Mulpha will drop till 38 sens....

Posted by calvintaneng > 2014-07-14 18:11 | Report Abuse

Hello everybody,

just finished some work in Iskandar - ordering stuff for my contractors.

Venomv, Good for you.

TACHU,

2 Years ago I saw a Townhouse going for auction in Mulpha Leisure Farm going for RM320K. I bought others instead as I thought it might still drop some more. But someone bought it. After 2 short years such Townhouses are going for RM1 Million to RM1.2 Millions (Up 300% to 400%).

Mulpha cheapest Semi D wil be RM2.5 Millions (Launching soon.)

To All Here & TACHU,

I met my Johor Sifu just now. To him KLSE is now fully valued and also too expensive to chase. Better be careful of a correction. He bought 100,000 shares of Mulpha as Mulpha has not moved yet. So downside is Limited.

As to Mulpha heavy debt. Many have missed Mulpha's CASH & CASH Equivalent Position in Liquid Investments in Other Shares.

Do some Real Study & then you will SEE.

Regards,

Calvin

Posted by calvintaneng > 2014-07-14 18:33 | Report Abuse

When Mulpha's Townhouse went for Auction at RM320K 2 years ago I bought one

SUPER LONG SUPER LINK HOUSE In A Gated & Guarded Enclave For One Johore Investor.

The Property Was a 26 x100 feet Super Sized House with RM100K Renovation. Reserved Price Was. Bidding Went Up To RM277K. After 2 years the Same Property is Worth RM800K. Up 280% in 2 years or 140% Growth One Year

. For Mulpha's Townhouse a 400% Increase. A Whopping 200% Gain Per Year For 2 Years. That Shows That LEISURE FARM IS REALLY HOT!

We are DEEP VALUE HUNTERS! BE IT IN PHYSICAL PROPERTIES OR IN BURSA.

Posted by calvintaneng > 2014-07-14 18:35 | Report Abuse

Should read as "Reserved Price Was RM220K. Bidding went up to RM277K in JB High Court. Current Price is RM800K! I am very happy for My Johor Investor.

Now This Investor Also Follow me to buy MULPHA Shares. Reason is - MULPHA VERY UNDERVALUED!

Posted by uchitech008 > 2014-07-14 20:02 | Report Abuse

Today queed 0.455 but unable to match, i think currently 0.46 show a strong support. Think may need to put extra 0.005 in order to get it.