🤗😍☝ Tomorrow/ next wk by the latest will challenge 30c! And by 2025, 50c, its old '14 / '20 resistance !!! 📈
1 month ago
dompeilee
Bolstered by my notable successes in Japan(Nomura soared today!) & here : Knusford, Naim, Kuchai & especially Sungei Bagan, I ADDED to my MUIProp position @ 20.5c today a week after recommending to Premium Clients @ 20c.
2024-01-15 17:33
BTW, I still have 40% of my original MUIProp long position...🤗
1 week ago......................
Another BRILLIANT CALL, almost as good as Naim! Nearing the important 50c resistance already!
🤗😍☝ Tomorrow/ next wk by the latest will challenge 30c! And by 2025, 50c, its old '14 / '20 resistance !!! 📈
2024-07-18 16:55
Brilliant call, if I may say so myself !!! Touched 51c less than 1 mth ago & then lauuuusaaaiiii all the way to 36c...🙆👍 I didn't sell my last shares at the peak, but not too far @ 47.5c
3913 MUIPROP, MUI PROPERTIES BHD - + SUSPENSION OF SECURITIES 30 Dec 2024, 11:36 SUSPENSION OF SECURITIES SUSPENSION OF SECURITIES MUI PROPERTIES BERHAD ("MUIP" or the "Company")- SUSPENSION OF TRADING You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
MUI PROPERTIES BERHAD ("MUIP" OR "COMPANY") PROPOSED DISPOSAL BY WEST SYNERGY SDN BHD (A 60%-OWNED INDIRECT SUBSIDIARY OF MUIP) OF 4 CONTIGUOUS PARCELS OF LAND LOCATED WITHIN SPRINGHILL INDUSTRIAL PARK, BANDAR SPRINGHILL, NEGERI SEMBILAN, TO GAMUDA DC INFRASTRUCTURE SDN BHD (A WHOLLY-OWNED INDIRECT SUBSIDIARY OF GAMUDA BERHAD), FOR A TOTAL DISPOSAL CONSIDERATION OF RM424,428,055 TO BE SATISFIED ENTIRELY IN CASH (“PROPOSED DISPOSAL”)
Many thought MUIProp getting land or provide land for AI or DC purpose. But suddenly they disposed the land to Gamuda for DC. It is a disappointed news.
I don't think its really a bad news. If today MUIProperty is Sunway Group or Ecoworld Group, I will think it is a bad move to dispose the land, as Sunway / Ecoworld have their own talent to develop the land and run its own Data Centre.
But for MUI Property, this company is already very old and frankly speaking, I don't think they have talents / resources self develop the entire Bandar Spring Hill. So it is a good move to have Gamuda to setup the Data Centre in Bandar Spring Hill. This will help to increase the property value of Bandar Spring Hill.
I asked ChatGpt about what is the likekly new NTA. Below is the answer:
Existing NTA: RM448.84 million. Pro Forma Net Gain: RM206.13 million. New NTA: RM448.84 million + RM206.13 million = RM654.97 million. Determine New NTA per Share:
New NTA per Share: RM654.97 million ÷ 740.91 million shares ≈ RM0.88 per share.
This situation seems like a case of 'buy on rumor, sell on news' regarding the land sale. The price adjustment today might just be a market reaction. Since 60% of the proceeds from this land sale is more than half of MUI Properties' market capitalization, it could move higher after today. Shareholders should benefit some rewards from this sale.
the company will be in net cash and huge cash on hand after the disposal. this land sold to biggest construction player in Malaysia, Gamuda. the remaining land hold by the company will release the market value soon, RM0.6-0.8 perhaps is the fairer value
The sum will boost MUI Properties’ net cash position to RM334 million, or 45 sen per share , now lelong price at 36 sen ( u paid 36 for 45sen cash + free 1000+ acres of lands ) . Cheers !!
ocbc, good answer. I have actually all in to this counter based on this same thinking. Hopefully, it will go more than RM0.5 after analyzing the company assets and conditions.
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....
Killsthebear
317 posts
Posted by Killsthebear > 2024-08-19 14:46 | Report Abuse
something big?🤔