lockdown Apr to June and shown Profitable is excellent vs many others Property firm such as SP setia, Simeprop, sunway where all running in the lost, nett cash and no borrowing is the key and with cheap landbank. Well done Muiprop. A lot of safety margin. Hpe soon good news from Aus Gold mining
i would say that this is a very good result considering MCO period...we may expect a loss but they still make a good profit...plus nett cash...the price i way lower to where it should be
NEW YORK, Aug. 26 -- The U.S. dollar fell modestly in late trading on Wednesday as market participants awaited a key speech from Federal Reserve Chairman Jerome Powell.
The dollar index, which measures the greenback against six major peers, decreased 0.01 percent at 93.0048.
In late New York trading, the euro was down to 1.1815 U.S. dollars from 1.1835 dollars in the previous session, and the British pound increased to 1.3190 dollars from 1.3146 U.S. dollars in the previous session. The Australian dollar was up to 0.7226 U.S. dollar from 0.7195 dollar.
The U.S. dollar bought 106.01 Japanese yen, lower than 106.32 Japanese yen of the previous session. The U.S. dollar rose to 0.9086 Swiss franc from 0.9077 Swiss franc, and it was down to 1.3153 Canadian dollars from 1.3183 Canadian dollars.
even though gold price keep on ding dong...muiprop should be able to stand on its own...remember cash rich company and no borrowing and assets worth billions.
If property sales/ Profit continue growing QYQ + gold mining go ahead + Gold price rocket high, >RM 1 is achieveable but ultimate back to Earning, earning + Earning. Best will be declare Div too
Back in 2011, the property development arm of MUI Group, under the watch of Khoo Senior, granted Nex Metals a loan in the form of a secured convertible note amounting to A$1.5 million (RM4.28 million) with interest payable at 10% per annum, to kick off its first gold exploration venture.
The rationale behind issuing a secured convertible note and not an actual loan was to give MUI Properties the option to convert the note into shares when the time was right. It was also less risky than acquiring a stake in Nex Metals at the time as gold prices were volatile.
“We have been receiving interest payments over the last eight years and have decided now that we want a more vested interest in Nex Metals. So, we are converting the note into 40% equity interest in the company,” Andrew tells The Edge in an interview.
He says it is an opportune time to take up an associate stake in Nex Metals because the price of gold has been rising steadily in the past 12 months. ..................................................................................................................................................... Loan since 9 yrs ago and only manage to service the interest, do they have the money to make full payment now? I guess, when they took the loan, they have agreed in principal to the conversion. Lets wait n see, to early to say the deal didn't go thru
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....
DreamGladiator
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Posted by DreamGladiator > 2020-08-26 19:23 | Report Abuse
lagi tidor juga kah