Posted by leslieroycarter > 2014-01-04 20:31 | Report Abuse

andygan : thanks for the concise reports .

Posted by aunloke > 2014-01-04 20:46 | Report Abuse

If I'm not mistaken PMC received ICUL A and ICUL B from MUI and later ICUL C as interest payment. All the ICUL are later automatically converted into MUI shares . I also received all the ICUL , I didn't do anything and now I have MUI shares and all the ICUL are no more in my CDS acc. .

Posted by aunloke > 2014-01-04 20:57 | Report Abuse

Yes , please do.

Posted by lyechin2002 > 2014-01-04 20:57 |

Post removed.Why?

Posted by humbled > 2014-01-04 21:03 | Report Abuse

Ehmmm...... good information indeed...... 多谢了 aunloke, andygan....

Posted by humbled > 2014-01-04 21:11 | Report Abuse

Yes, andygan, pls confirm....

Posted by smalltimer > 2014-01-04 22:03 | Report Abuse

Let's see the day MUI wake up. Its been leeching investor blood for last 10 years.

Posted by humbled > 2014-01-04 22:08 | Report Abuse

Thanks andygan.

Posted by sense maker > 2014-01-04 23:26 | Report Abuse

The value trap has tightened once again especially around those who bought it at above 30sen. The pain is excruciating given that some other shares have gone up instead of down in the past few months.

MUI group has many assets that can fetch value way above its book value, or so as many hope here and as Calvin promotes incessantly. But that assertion has not passed the profitability test. If real prevailing market value of net assets is said to be RM1 per share, then if the after-tax yield of these assets is 5% a year, we will have a net earnings per share of RM0.05. At current market price of RM0.22, it will be very attractive a stockd due to <5 PE.

However, that has not been the case for so long. Why the so-called quality valuable assets cannot even churn out a decent profit and the net profit of MUI or PMCORP's net profit has been persistently miniscule, if any?

The crux of the matter therefore is either integrity issue of major shareholder and top management or the assets are indeed incapable of generating any decent returns or most likely BOTH. This has been the case for the past 20 years.

Do not be a sucker till of course profitability starts to rise promisingly in the future. In shares, it is dangerous to hope against hope. It is good to think that you pay 22sen to get RM1 worth of assets. In reality, the value as minority shareholders get is chiefly dervied upon realisation like dividend or capital repayment. The first step is for MUI to start selling off its assets to pay down or off its RM1b debt. Without that, the value trap will continue to tighten further.

Posted by Kukuman > 2014-01-04 23:49 | Report Abuse

Nonsense ! Re-valuation of property does not automatically increase the property assessment rate imposed by local council. Re-valuation of land done by land owner is for private own use. Local council will not increase the assessment rate simply because you have re-value your property. Someone is talk nonsense without understand the subject matter. I have done so many cases for my clients and never hv i come across such instances where after re-value their property, the assessment rate increase. Certain promoter here is talking nonsense just to hookwind people with their argument !

Posted by Kukuman > 2014-01-04 23:54 | Report Abuse

Humbled, you have been misled on the subject of re-valuation of property will increase property's assessment rate.
Beware of what u hear from this forum particularly in this pmc thread.

Posted by DLuckyGuy > 2014-01-05 00:27 | Report Abuse

beware of calvintan from singapore. a proven cheater,conman n liar in i3. cash payout?very good sales?property re-evaluation? one lie after another. the greatest shameless cheater,conman,liar in i3

Posted by MrTigerShark > 2014-01-05 00:32 | Report Abuse

YES!!! CALVIN TAN IS THE GREATEST KING OF CONMAN!!! NO ONE CAN BE BETTER IN THE ART OF LYING!!!

Posted by calvintaneng > 2014-01-05 01:06 | Report Abuse

Sense Maker,

Thank you for your comments. The Book says, "Every prudent man deals with knowledge." I have been just condemned because of my misunderstanding on revaluation. I am sorry for not double checking after talking to CFO Mr. Ho. Anyway, it is not in the policy of MUI Group to revalue Assets.

If you look carefully into the Overall Picture There Is A Definite Turnaround in the profitability of PM Corp for the last 7 quarters. And MUI Berhad too, if you look beyond the high interest that negates the profit.

Regarding the Settling of RM1 Billion Debt. Ex CFO Mr. Ho himself mentioned that MUI Berhad should pare down debts. I have further checked with current Management of MUI Group - 2 representatives (names I shall not disclose) have both confirmed and are aware that MUI Group must pare down debts.

As to paying dividend and capital repayment we will continue to pursue the matter.

Both PM Corp & MUI Berhad are sound. Of course many other counters have performed better. Nevertheless PM Corp has risen from 9 Cents to a high of 37 cents. Now at 21.5 cents. Still doubling from its low of 9 cents.

I called for a buy at 15 cents on September 20th 2013 first time in this forum. Both PM Corp & MUI Berhad are still trading above 20/9/13 prices. However, some counters have truly fallen - like Patimas that went into PN17.

To me, the Journey of TURNAROUND for both PM Corp & MUI Berhad have only just begun.

Posted by janetooi001 > 2014-01-05 01:18 | Report Abuse

pathetic volume

Posted by aunloke > 2014-01-05 08:11 | Report Abuse

Andygan, I finally figure out PMC cannot have MUI shares through the ICULS it received because all the ICULS were distributed to the share holders, this unethical move made the PMC shares holders the lenders to MUI loan and subsequently being paid with MUI shares.

Posted by humbled > 2014-01-05 08:55 | Report Abuse

Thanks kukuman for the clarification. If increased assessment after revaluation is NOT the reason, everyone needs to know the real reason Calvin. May be Calvin could kindly help since you are close to the management. To me, revaluation is the easiest way for now to unlock the value at least 'on paper' and give a boost of confidence to investors.... well until their core businesses actually make more money.....

Posted by smalltimer > 2014-01-05 10:54 | Report Abuse

The late cfo cannot even differentiate the correct terms to pay in the rentel hat more talking about repayment N revaluation of property will increase in assessment. These are juz the basic stuff. We as shareholder should make a report of malpractice to the accountant association.

Posted by smalltimer > 2014-01-05 11:05 | Report Abuse

By the way, any shareholder have the last AGM agenda? Is there a vote for capital restructure? What is a verbal proposal means? Shareholder vote is needed for capital restructure. So much for the bs talk. BEWARE EATING TOO MUCH CHOCO MAY CAUSE HALLUCINATIONS!

Posted by meena > 2014-01-05 11:09 | Report Abuse

very good comment by humbled and smaltimer.......Thanks.

Posted by humbled > 2014-01-05 11:35 | Report Abuse

Thanks guys for all the input. Now I remember someone here did mention about the loan to MUI, which was not a good deal at all to the PMCORP minor share holders. According to Calvin, the management 'promised' that they would not do it again without the consent of minor share holders. So if this again 'promised' cash pay out is not paid out, the credibility (if any left) of the present management and the trust given by the shareholders will go down the toilet forever......

Posted by MrTigerShark > 2014-01-05 11:44 | Report Abuse

CALVIN TAN IS THE ONE WHO PROMOTED "CONFIRMED CASH PAYOUT". HIS REPUTATION IS ALREADY INSIDE TOILET!!! ALL HIS SUPPORTERS GONE!!! KCCHONGNZ ALSO CONNED BY HIS SWEET TALK!!! HAHAHAHAHA!!!!

Posted by humbled > 2014-01-05 11:57 | Report Abuse

I made the decision to buy so I won't blame anyone lah and we all shouldn't lah imho. What I understand is the cash pay out is still on the table right Calvin (although is postponed)???

Posted by michael99 > 2014-01-05 12:02 | Report Abuse

I will buy .

Posted by Sekut Azan > 2014-01-05 12:10 | Report Abuse

waiting at 0.205 or 0.185..

Posted by avenger88 > 2014-01-05 12:26 | Report Abuse

Posted by MrTigerShark > Jan 5, 2014 11:44 AM | Report Abuse

CALVIN TAN IS THE ONE WHO PROMOTED "CONFIRMED CASH PAYOUT". HIS REPUTATION IS ALREADY INSIDE TOILET!!! ALL HIS SUPPORTERS GONE!!! KCCHONGNZ ALSO CONNED BY HIS SWEET TALK!!! HAHAHAHAHA!!!!

LIKE!

Posted by humbled > 2014-01-05 12:29 | Report Abuse

Have been waiting at 0.21 the whole week but only managed to add some at 0.215. Will add more if goes lower....

Posted by leslieroycarter > 2014-01-05 12:32 | Report Abuse

Anyway , the stock is moving up the ladder in positive territory and its NTA also up correspondingly compared with last year . May be year of Horse can spring more surprises to all the die hards !

Posted by lyechin2012 > 2014-01-05 13:47 |

Post removed.Why?

Posted by messi > 2014-01-05 13:53 | Report Abuse

ifollow, calvin helped many ppl make money when he first started to recomment the stock. later he exaggerated that the price could reached rm1.50 then rm10.00. he also compare this lapsap stock to the likes of nestle, dutch lady, etc

you have to read all his comments to judge whether he is talking as a sane person. maybe he started as a sane person but ended up as an insane person talking like demigod.

Posted by sklyte > 2014-01-05 14:06 | Report Abuse

Ifollow,

U r right. Calvin recommend when it was 15cts. Indeed the co did not deny that payout was mentioned in the Agm. It was not a promise to payout but a suggestion of a possible payout. So when they payout is the decision of the Bod.
The money is still there in the co. The overpayment of rental must have affected the Q results for the past few Q. So the profit from the chocolate business for the affected Q should b higher. Am I right? Any accountant here can give their view on this?
My take, Kkp like his co prices to be low so that he can privatize them when he wants to!

Posted by calvintaneng > 2014-01-05 15:04 | Report Abuse

Sklyte,

Very sensible comments. Did you get this statement from MUI Group representative - "It was not a promise to payout but a suggestion of a possible payout"?

Yes. KKP wanted to privatise PMI at 4.5 cents unsuccessfully. But he used MUI Berhad funds to buy PM Corp 4% Shares From PNB at 12 Cents to 13 Cents. A Real Bargain For MUI Berhad Share Holders. He also bought Laura Ashley & Many UK Hotels At Fire Sale Prices.

KKP BOLEH! PM CORP BOLEH! MUI BERHAD BOLEH!

Welcome All Positive & Negative Comments. Don't just gripe. Griping not tolerating constructive suggestions appreciating.

Posted by humbled > 2014-01-05 15:26 | Report Abuse

Wowowow wait wait wait!!! I thought all along that the cash pay out was proposed in June 2013 AGM AND approved by the management. They had set the dateline to 'announce' the payout by 31 Dec 2013, correct??? Since when now becomes 'a suggestion to pay out'??? Calvin, care to clarify thanks....

Posted by sklyte > 2014-01-05 16:07 | Report Abuse

Yes Calvin.

Get it from the company rep.

Posted by calvintanUNCOVERED > 2014-01-05 16:19 | Report Abuse

Posted by calvintaneng > Nov 30, 2013 08:20 AM | Report Abuse

A Very Good Morning From Calvin Tan, Singapore

Zu1967, In June 2013 PM CORP AGM Held in CORUS PARADISE HOTEL IN PORT DICKSON, It Was Officially Proposed To All Shareholders In The Meeting That There Will Be A CASH PAY OUT.

As One Of The 30 Substantial Shareholders I have Called Management More Than A Hundred Times Regarding The Certainty of This Exercise. Every Time I Called, Management Has Given Complete Assurance That The CASH PAY OUT WILL GO THROUGH AS PROPOSED.

AS TO THE TIME. IT WILL BE "VERY SOON". JUST WAIT FOR OFFICIAL ANNOUNCEMENT.

If You Are A Genuine Long Term Investor, You May Call Calvin Tan At These Numbers

014-6101668 (Malaysian Hand phone On Monday To Friday After 12 Noon)
02-91069127 (Week End )


-----------------------------------------------------------------------



Posted by calvintaneng > Dec 1, 2013 11:13 AM | Report Abuse

.

2 Atom bombs obliterated Hiroshima & Nagasaki and caught Japan by Surprise!

So the Good News of 3.22 cents last quarter and the Impending CASH PAY OUT will catch Mr. Market by A Big Surprise!

2 Atom Bombs on Japan Finally Ended The 2nd World War

So these twin results will blow away all naysayers and all fools talking nonsense.



-----------------------------------------------------------------------

Posted by calvintaneng > Dec 1, 2013 11:15 AM | Report Abuse

THE POSITIVE NEWS OF A "CASH WINDFALL" WILL NEUTRALISE ALL THE NEGATIVE SAYINGS OF DOUBTERS AND NAYSAYERS.


-----------------------------------------------------------------------

Posted by leslieroycarter > 2014-01-05 16:33 | Report Abuse

I think it is best time to put order now @ 21 cts least u miss the boat again when the price picks up soon! Long term investors need not worry coz it has succumbed a drop of 17 cts from the peak at 38 cts which gave a great discount of more than 45 %!

Posted by rlch > 2014-01-05 17:29 | Report Abuse

Dividend record for PM Corp. At least China stocks(also cash rich) has better record.
http://klse.i3investor.com/servlets/stk/annent/4081.jsp

PAN MALAYSIA CORPORATION BERHAD
Company No : 4920 - D
(Incorporated in Malaysia)
B11. Dividend
No dividend has been declared by the Board for the financial period ended 30 September 2013 (30 September 2012:Nil).

Posted by mikekong55 > 2014-01-05 17:47 | Report Abuse

good morning. still saying how good this pmcorp,right? don't mislead forumers here.have you all forgetton how RM800m being short-changed by MUIB to pmcorp minority share holders. Google; "MUIB and PMCORP: A HORRIBLE DEAL FROM THE PAST" for the right answer. bye bye.

Posted by rlch > 2014-01-05 17:49 | Report Abuse

Is all the asset for you? If you want to hope(for cash out) then continue to hold or buy more. For me chocolate business(PM Corp main business) is losing money and not sellout as Calvin claim. My walk to several supermarkets today also see full of Tudor and Tango chocolate racks.

Posted by mikekong55 > 2014-01-05 17:55 | Report Abuse

oh yes, please cut & paste article for everyone to read.thank you.

Posted by mikekong55 > 2014-01-05 18:07 | Report Abuse

andygan, it was suppose to be 5.8b ICULS

Posted by mikekong55 > 2014-01-05 18:20 | Report Abuse

anybody can explained why from 2004 with 'huge' losses to gain RM30m+ in 2010.something not right?

Posted by meena > 2014-01-05 18:22 | Report Abuse

Mikekong: will INARI uptrend tomorrow! please advise your TA for INARI (0166)

Posted by tewnama > 2014-01-05 18:47 | Report Abuse

mike, mana ada lagi orang kena mislead. semua orang sudah tahu. hanya satu dua orang disini yang main main tunjuk sangat interested dgn pmc. wayang saja, bro

Posted by calvintaneng > 2014-01-05 18:51 | Report Abuse

Humbled,

Yes. I have believed All Along As Per Conversation with Ex CFO everything is in order. He confirmed all along and the date line too. Until he resigned new representative from Management has spoken a different tune. However, as of now they also did not deny that Cash pay out will no longer be a proposal. We are only told to wait..

To All Genuine Long term Investors, Short term Investors & Speculators here,

I called for a buy at 15 cents. price is now 21.5 cents. All along I only told people to invest long term. In war losing a battle or two is nothing to worry if the final outcome is Ultimately Positive.

You all must be able to distinguish all postings here. Are they investors like us? Or have they sold out PMC shares already. Or others who missed the boat at 15 cents and want to buy cheap?. So they all all here to speak ill and post fear and confusion to press down pmc shares.

Or worse still, some "sifu" buy counters like tafi, pos, inari, wellcall, dayang, then ask you to buy in to push up the price so that he could sell to you. He makes his money from you suckers! WAKE UP!

As to my target price for PM Corp at RM1.50?

Well, I once owned DKSH at 42 Cents. In a short 4 years DKSH Has Shot past RM6.00 already.

DKSH people are setting their sight at RM10.00. Reality or Fiction? Check it out.


Sales of Tudor Gold & Tango bad?

No one has yet come to NTUC EXTRA HYPERMARKET, Jurong Point, Singapore To See For Yourself. I still stand by my words - "Tango is the best selling chocolate here!"

Posted by leslieroycarter > 2014-01-05 19:10 | Report Abuse

Many situs recommended mostly loss making cos like the extract from Calvin below:-
"Or worse still, some "sifu" buy counters like tafi, pos, inari, wellcall, dayang, then ask you to buy in to push up the price so that he could sell to you. He makes his money from you suckers! WAKE UP! "
I think counters mentioned like Inari , Tafi need special consideration as the odds are higher at this very circumstances coz they had risen too high and too fast and almost at the very top now ! It may collapse any moment ! MUst b very careful........

Posted by leslieroycarter > 2014-01-05 19:16 | Report Abuse

Do not make the last cts coz it will be too dangerous to gamble like this . Better go for long term and co is making money . Dividend or not is still safer than the goreng counters recommended.

Posted by humbled > 2014-01-05 19:35 | Report Abuse

Thanks Calvin for the clarification so the payout is still on the table. I am still holding until at least the next q results next month to see if the business actually improves. Thanks to all taiko taiko here too for all the friendly advices and reminders. We all need this check and balance here... Arigato gozaimaze.....

Posted by messi > 2014-01-05 19:59 | Report Abuse

calvin, please stop comparing this lapsap stock with other good established stocks and talking about rm10.00 target price now.

If this lapsap stock really hit rm1.50, then it is still not too late to tell everyone that it will hit rm5.00 (not rm10.00 yet).

Many old-timer and veteran players already got burnt by this lapsap stock during those days...hope the newbies are aware of the history.

Posted by calvintaneng > 2014-01-05 20:04 | Report Abuse

Let me relate my greater fool story of 20 years ago in 1994. I was a newbie then. One expert "sifu" of those GoGo Years before the Asian Financial Crisis told me to follow him to buy shares every morning at 9am and to sell them off by 5pm everyday or within the contra period of (I think) seven days after which we must pick up the physical share scripts.

He was very accurate (till this day I don't know the source he got his tips). Out of 10 counters 7 would go in price. So I made some money - from RM80 up to RM500 at best. I was in the market every morning trying to make "easy money".

But those 30% shares that did not rise in price he said nothing to me. So I just locked them up in the safe. As days go into weeks, then months I found that I had picked up over 20 counters. One day I discovered to my horror that many have crashed 20% to 50% of the purchase price.

All my losses from the 30% scripts I picked up had wiped off all the contra profits. It was an experience indeed! Never will I go tips gathering again. I only buy what I know personally. On hind sight I think I had left the "greater fool" scene long ago.

And one more thing. One morning he gave me a tip and told me to buy a lot because it was a "sure one". So I bought quite a substantial amount. To my surprise just ten minutes I bought he turned and told me he had immediately sold all his shares because he got "wrong information".

He got the bad news earlier and yet did not warn me instead told me to buy up that he might unload his "mistake" to me. I had "left" this "sifu" long ago.