Posted by firehawk > 2016-05-20 09:46 | Report Abuse

in the circular, shark said, those RI that retailers dun take up, he will sapu all @0.25!

Posted by chinaman > 2016-05-20 10:15 | Report Abuse

if I have 10 lots mother, I can sell out entitled 5 OR at myr0.005, to give up on RI...pls adv. if this is accurate. no money to subscribe RI

Posted by chinaman > 2016-05-20 10:35 | Report Abuse

waloe...start goreng up....luckily, I still hold tight till now

Posted by hng33 > 2016-05-20 11:18 | Report Abuse

Bought some mulpha OR at 0.005sen...but ..intend to oversubscribe higher.... as likely entitle more right at 'free cost'

Posted by hng33 > 2016-05-20 11:48 | Report Abuse

WOWWWWWWWWWWW 100% gain in OR !!!????

Posted by hng33 > 2016-05-20 12:08 | Report Abuse

Sold back OR at 1 sen, reaping 100% gain first

Posted by chinaman > 2016-05-20 12:13 | Report Abuse

the largest OR buyer for sure is mulpha boss, mr Lee himself prior to mgo

Posted by Orson Chin > 2016-05-20 13:02 | Report Abuse

When subscribe 1 OR , end the end can get 2 shares or 1 shares ?

Posted by Johnnys > 2016-05-20 13:17 | Report Abuse

Wow 100% gain from OR, 100K ean 100K, 1mil earn 1mil, where to find!!!

Posted by chinaman > 2016-05-20 16:28 | Report Abuse

200,000 lots OR at myr0.005 need myr1Million to access 200,000 RI. But, if Mulpha boss buy mother @ myr0.25, he needs myr100million buying 400,000 mother to access 200,000 RI. Mr Lee gains the most by sapu habis all OR. 100 times cost saving thru OR

Posted by hng33 > 2016-05-20 16:53 | Report Abuse

Bought back mulpha -OR at 0.005sen, but again ..intend to oversubscribe higher in order to entitle more right share 25sen but at 'free cost' right

Posted by SALAM > 2016-05-22 17:49 | Report Abuse

hng, you mentioned not less than once the intention to oversubscribe the Mulpha Rts shares, did you see any hidden value in Mulpha post rights ? How much? Or just pure speculation.

Posted by TheContrarian > 2016-05-22 18:22 | Report Abuse

If you buy the rights at half sen you still need to pay 25 sen to subscribe for the rights. Effectively you are paying 25.5 sen for the new shares which you can't sell until they are listed which would be weeks away.

Posted by smartly > 2016-05-23 09:28 | Report Abuse

when is right cease trading ?

Posted by KW0203 > 2016-05-23 11:01 | Report Abuse

Normally 1 week time after the issuance.

Posted by sharonlow > 2016-05-23 18:58 | Report Abuse

let Mr Lee gains & sapu all OR. The mother share is that low & close to the OR price. All sit in the Mulpha BOD are smart minded & majority are well knowledge on fin & accountancy + Sc background. The mother share will shot up or down after the Right?

Posted by tt101 > 2016-05-24 08:31 | Report Abuse

a spoon of sugar + a glass of water, that is the taste before OR out.
After exercise the OR,
just imagine the taste of
a spoon of sugar + a 1.4 glass of water, will it still nice?
.
.
.
.
.
.
.
however, more healthy

Posted by hng33 > 2016-05-25 09:31 | Report Abuse

Today, OR ease trading, so directly bought Mulpha at 25.5sen

Posted by hng33 > 2016-05-25 10:34 | Report Abuse

If you enter Leisure Farm, you would think you are in another country. It is quite sought after in terms of available bungalow lots....

Posted by hng33 > 2016-05-25 10:59 | Report Abuse

Mulpha is Malaysia’s largest real estate investor and developer in Australia. Assets in Australia include the world renowned Sanctuary Cove, the Norwest Business Park Sydney and the ultra-luxury private island resort One&Only Hayman Great Barrier Reef.

Posted by hng33 > 2016-05-26 11:29 | Report Abuse

With right share event over..downside risk alrrdy minimum ..Mulpha share should gradually recover back especially with fresh capital injection from right share at 25sen...enlarging its equity and improve balance sheet....upcoming q result shoudl offer good indicator and also hope its associate Mudajaya can return back

Posted by InvestWin > 2016-05-26 14:27 | Report Abuse

We all know that Mulpha has many goodies in it; but ppl who bought/ or want to buy has a dilemma :
1) It makes hundreds of millions profits in the past years, but never declare dividend;
2) It makes this OR by ploughing back 25c in each share, but this is not what investor want, they want dividend;
3) As a result, not many interested to buy higher; and worst still the major share control holders has more than 50% & has capability to suppress the price and will not push up the price. People are also worried that it may be taken private at 25c or lower.

Posted by Orson Chin > 2016-05-26 17:46 | Report Abuse

Whatever u how to promote this company. How good for this company.... Blak blak blak ..... If a company not willing to share his profit to shareholder. It is rubbish we consider ! Invest u does not means donate u .... ! Give me some return !

Posted by TAH > 2016-05-27 12:04 | Report Abuse

Think of the heavy debt, cash flow problem and elephant shares

Posted by Investipro > 2016-05-27 19:51 | Report Abuse

I've read a lot of comments here but no one ever mentioned the GOLD MINE in Mulpha.... that is it owns 25% of AVEO Group, a public listed company in Australia in the retirement home business, which share price is doing very well (price per share steadily rising from AUD 1.00 in 2013 to AUD 3.34 currently)

Here's reference to Mulpha annual report- http://www.financialreport.biz/File/AR/2016/4/29/3905%20-%201531289494452.pdf

Annual report 2015 pg 102 and 107 mentioned Mulpha's shareholding in AVEO Group

On AVEO- here is the link for easy reference- http://www.bloomberg.com/quote/AOG:AU

It is trading at market capitalisation of A$ 1.8 billion !! or around RM 5.3 billion!!! Which means Mulpha's value of 25% x RM 5.3 billion = RM 1.3 billion!!

It is shown as an associate co, so it is not consolidated in the balance sheet, instead Mulpha only shares its profits...

pg 103 of the annual report 2015, shows that AVEO has a yearly sales of RM 1.3 bil and net profit of RM 272 mil

All this value is in addition to its large landbank in Johor as already pointed out by other commentators here so I wont repeat on that....

Disclaimer:- I own mulpha shares and I'm not asking you to buy or sell, just sharing info

Posted by Investipro > 2016-05-27 19:52 | Report Abuse

heres an article on Mulpha and AVEO - http://www.thestar.com.my/business/business-news/2016/02/18/mulpha-associate-aveo-buys-15-retirement-communities-in-australia/

Posted by smartly > 2016-05-27 23:56 | Report Abuse

profit -ve. holland.....

Posted by Investipro > 2016-05-28 14:33 | Report Abuse

smartly profit -ve. holland.....

only current quarter - RM 6 mil loss.... check 2015 and 2014 how much profit they make?

Posted by TAH > 2016-05-28 14:57 | Report Abuse

Before right, 3.4B shares after right 5.1B shares. How to move this large elephant ?

Posted by sharonlow > 2016-05-30 09:24 | Report Abuse

After the Right, no longer need to make the figures impressive. Thru its track record (the previous 2 Rights), these are the Mulpha's common practices. The losses will be slowly growing by quarter & quarter. Those in the BOD are smart minded on fin & a/cg background. Everyone needs to be careful with this giant Elephant.

Posted by Parkson > 2016-05-30 10:42 | Report Abuse

Loss QR no wonder have right issue.

Posted by chinaman > 2016-05-30 17:08 | Report Abuse

Right issue is a smart pre-emptive move to counter higher borrowing cost if USA FED did increase interest rate in June/ July 2016. Mulpha has ~myr500Million of USD borrowings which now it can settle off before the impending rise.

Posted by kahhoeng > 2016-05-30 21:26 | Report Abuse

Mulpha should actually try to sell asset rather than raising equity when its traded so much below its NTA, a clear abuse of management power to bully small shareholders!

Posted by Ch Tan > 2016-05-31 12:16 | Report Abuse

Don't sell asset, now paper money is smaller and smaller. Ten year ago borrow 10 million to buy 10 house, pay back 15 million 10 year later, but the 10 house value is more than 30 million.

Posted by JamesPond > 2016-05-31 16:33 | Report Abuse

Ch Tan. You are talking buying properties. In the last 10 years++, Mulpha had raised >RM1B in rights. Assuming before such rights, Mulpha had RM0.00 value, the Mulpha today should be worth at least RM1B if they did nothing and place the monies in bank current account. However, today it is only worth RM872.8M. After rights and few months down the road, the only direction is down, down down

Posted by firehawk > 2016-06-02 09:27 | Report Abuse

dun know how many RI he sapu? now he is holding 60%?

Posted by Lewis Lee > 2016-06-02 11:08 | Report Abuse

This is a conman's company !!!

Posted by JamesPond > 2016-06-02 14:24 | Report Abuse

Bapa borek anak rintik. What do expect from son of Lee Ming Tee

Posted by anticonman > 2016-06-02 22:47 | Report Abuse

Avoid if you can. Mulpha only want our money(right issue) but never pay any dividend. See attached.
http://klse.i3investor.com/servlets/stk/annent/3905.jsp

Posted by hng33 > 2016-06-07 15:29 | Report Abuse

Bought more Mulpha at 25.5sen

Posted by Jolin Lai Chi Pet > 2016-06-08 08:14 | Report Abuse

sold mulpha at 26cents. free up capital first

Posted by smartly > 2016-06-08 11:58 | Report Abuse

when to get back the right subscribed shares ?

Posted by chinaman > 2016-06-08 19:45 | Report Abuse

146.82 million shares, or 13.76% undersubscribed , to be bought by substantial shareholder, magic unicorn. this means, Mr Lee should already have 47% above stake at least by now

Posted by firehawk > 2016-06-09 10:10 | Report Abuse

13.76% undersubscribed is not very high, that shows many took up the RI ... he he .....

Posted by chinaman > 2016-06-09 10:42 | Report Abuse

everyone one 'taruk' mulpha very hard. but, silently buy RI at the end

Posted by hng33 > 2016-06-10 11:53 | Report Abuse

I should have entitle all my oversubscribe portion at 25sen

Posted by TheContrarian > 2016-06-14 21:04 | Report Abuse

Based on today's closing all people who subscribed for the rights lose money.

Posted by Tcteohenry > 2016-06-15 11:17 | Report Abuse

Wake up please...already been sleeping for a long long time..

Posted by hng33 > 2016-06-15 13:45 | Report Abuse

With 24.5sen now, Subcriber to right share at 25sen only incur marginal paper loss only if compared to overall market....its still worth of holding now as downside limited back by fresh capital injection at 25sen from the right issue

Posted by JamesPond > 2016-06-16 14:02 | Report Abuse

Rights issue 209M @ RM1.60 gets RM335M
RI 159M @ RM1.20 = RM191M
RI 385M @ RM0.75 = RM288M
RI 1178M @ RM0.50 (paid 0.40) = RM471M
Now RI @ 0.25
Next RI @ ......who knows...maybe RM0.15
Of course downside is limited....until it reach price reach RM0.005.
Those that "silently buy RI at the end", would they sell now or hold for 3 years
and hope that price goes down and the RI @ RM0.15?????