Calvin will be promoting Mulpha, Mui Bhd, Mp Corp, Pm Corp later again when the right time comes.
Calvin no offend my fren I only agreed to buy Mulpha and insas and Dutalnad which you highly recommend but mui and PMC are very bad counterrs must be careful just my personal view , correct me is I was wrong ?
Posted by ivan9511 > Mar 12, 2017 10:53 PM | Report Abuse
Calvin will be promoting Mulpha, Mui Bhd, Mp Corp, Pm Corp later again when the right time comes.
Calvin no offend my fren I only agreed to buy Mulpha and insas and Dutalnad which you highly recommend but mui and PMC are very bad counterrs must be careful just my personal view , correct me is I was wrong ?
Just buy what you are happy & comfortable with.
I think this year we are into a mini bull run. All will have their turn in their rotation.
Mulpha is moving upward & with volume will break 30sen soon. With investment in Australia now running high with AUD to Ringgit at 3.2o, the company is reaping huge profit in coming qr.
Mulpha is now one of the Johor property syndicate play. The stock market will remain bullish for a while, so there's scope for share prices to climb up further.
On behalf of the Board of Directors of Mulpha ("Board"), RHB Investment Bank Berhad ("RHBIB") wishes to announce that the Company proposes to undertake a share consolidation involving the consolidation of every 10 existing Mulpha Shares into 1 Consolidated Share.
Further details on the Proposed Share Consolidation are set out in the attachment enclosed.
This conman s company like to do funny useless corporate exercise ! Last year right issue, now share consolidation, .... Next year share split pulak ?? Trying to confuse shareholders !!
IMHO, I somehow doubt Mulpha share price would perform after consolidation exercise. On paper Mulpha looks like an excellent Co with great assets in Johor and Aus but over the last few decades, besides calling for rights, it has not really increased the value of the Co. On the contrary, it has actually depleted the wealth of any long term investors. As a penny stock, naturally, there would be some interested speculators who hope that Mulpha would one day move like Inari or Ecoworld or IWCity. I was one of those that had also punted on Mulpha, sometimes win, some times lose. Of course I don't expect to win everytime. I suppose after consolidation, when it is adjusted to RM2.60+, punters like me would ignore Mulpha altogether. It would just become a boring stock. Looking at Mulpha biz model,unless it sells its subsidiaries or associates, it needs to forever raise rights issues as it has little or no source of income at Holding level . As a penny stock it is difficult to price rights. I suppose at RM2.60 it may be easier to price rights.
But v attractive NTA at the moment, as pointed out by hng33, put in RM260k, u have share of RM900k of mulpha asset (based NTA 90sen per share currently) . If it is privatized (likely option by the owner after consolidation), don't sell ( & remain as shareholder) but negotiate your way for 50% of the asset & u get RM450k.
It is NA not NTA i.e., includes intangible stuff as well. Regardless whether NA or NTA, if one thinks that one day the NA will be reflected in the share price, then, by all means take a chance and invest. The NA is the dangling carrot to make the donkey move forward. Privatisation??? LSH must be really loaded to privatise, given that he has so little income in the last few decades from Mulpha but has to keep pumping money thro rights, I am amazed that he is still financially sound (I guess).
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
keow
2 posts
Posted by keow > 2017-03-05 11:53 | Report Abuse
Iwcity will lead uptrend
Late entry will not earn