TROPICANA CORPORATION BERHAD

KLSE (MYR): TROP (5401)

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Last Price

1.24

Today's Change

+0.03 (2.48%)

Day's Change

1.20 - 1.25

Trading Volume

2,453,100


9 people like this.

11,004 comment(s). Last comment by DreamGuardian 2 weeks ago

Jon Choivo

3,668 posts

Posted by Jon Choivo > 2018-07-31 17:36 | Report Abuse

Lol fabien relax haha.

I bought more rcecap instead of trop. But i think next round i should buy more trop.

Just keep buying, just keep buying. Every time buy, straight make money. Easy way to double your salary.

TheContrarian

9,483 posts

Posted by TheContrarian > 2018-07-31 18:26 | Report Abuse

Danny not selling means no share buy back. Anyway, bought some Tropicana at 0.865 today.

Posted by Fabien Extraordinaire > 2018-08-02 15:53 | Report Abuse

Anyone buying Trop today? :)

TheContrarian

9,483 posts

Posted by TheContrarian > 2018-08-02 15:55 | Report Abuse

Don't plan to.

Posted by Fabien Extraordinaire > 2018-08-02 17:32 | Report Abuse

in times like this, better to keep some cash. you just never know, with Trump tantrum big sale might come soon.

origins

68 posts

Posted by origins > 2018-08-02 21:38 | Report Abuse

Danny can only wiggle so much before breaching public spread. Dont know how long he can do this for. He really should focus on fundamentals and improving earnings previously. All these selling to proxies and getting tropicana to do share buy back is not going to improve share price. Range bound between RM 0.90 - RM 0.80 for the time being.

origins

68 posts

Posted by origins > 2018-08-08 17:20 | Report Abuse

At this rate share price will breach 80 cents soon. Once it touches 75 cents would have lost about 50 percent on this stupid stock. Shows how stupid Danny is in managing his share price. Exactly like his brother Vincent in share price performance.

Jon Choivo

3,668 posts

Posted by Jon Choivo > 2018-08-10 19:41 | Report Abuse

Yeah lim wee chai, is a proxy and machai of Danny.

Share price is not their responsibility, one can argue that having a clear message and philosophy in order to have investors self select would be great, but that is a mere plus.

If price low, this is give you chance to buy. Cannot buy, too bad, go save money.

Dont want to buy, then what is it doing in your portfolio for?

Im fine with the management, Danny Tan was the only one i know, who in 2014, he stopped development of Condo's in Johor, and market was so hot then.

That is a kind of indication of ability.


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Posted by origins > Aug 2, 2018 09:38 PM | Report Abuse

Danny can only wiggle so much before breaching public spread. Dont know how long he can do this for. He really should focus on fundamentals and improving earnings previously. All these selling to proxies and getting tropicana to do share buy back is not going to improve share price. Range bound between RM 0.90 - RM 0.80 for the time being.

Posted by Fabien Extraordinaire > 2018-08-10 20:28 | Report Abuse

i wonder would ppl invest in companies if there is no share price quoted, say for the next 5 years.

Jon Choivo

3,668 posts

Posted by Jon Choivo > 2018-08-11 00:06 | Report Abuse

Why not lol.

One Utama is not listed. I dont imagine the owners feel poor, or that they are worth less than sunway reit.


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Posted by Fabien Extraordinaire > Aug 10, 2018 08:28 PM | Report Abuse

i wonder would ppl invest in companies if there is no share price quoted, say for the next 5 years.

stockraider

31,556 posts

Posted by stockraider > 2018-08-11 11:19 | Report Abuse

U MUST UNDERSTAND PROPERLY DEVELOPMENT BUSINESS....!!
IF THEY HAVE LAND BANK UNLIKE OTHER BUSINESS WHICH IS FIXED ASSETS, PROPERTY DEVELOPMENT CONSIDER THEIR INVENTORY MAH...!!

SO IT IS OK THAT THEY DO NOT REVALUE ITS PROPERTY ASSETS LOH...!!


Posted by enid888 > Jul 24, 2018 02:59 AM | Report Abuse

More than 10 years ago, companies are allowed and encouraged to revalue their landbanks. Therefore, the NTA would reflect the actual market values of the landbanks. However, the subsequent FRS (Financial Reporting Standards) by Bursa requires the landbanks to be carried at cost. This new requirements is suitable for companies who bought lands for immediate developments like SDB, Hua Yang, MCT, Thriven and Sunsuria.

However, there are some companies that bought their development landbanks and keep them for a long time, between 10 years to as long as 40 years in some cases. The NTA in this type of companies is grossly underestimated. As the NTA does not show the true picture of the company, the financial analysts then create a new term for the actual NTA when the current market values of the properties are calculated. They name it RNAV (Revised Net Asset Values). In fact, the RNAV is actually the NTA of the development companies.

I would say Bursa has set the wrong FRS and enable the property counters to grossly underestimate their NTAs and hence artificially suppress the share price of the property counters. The major shareholders are very happy with this because they can buy back the shares from the market either in their personal capacities or company share buybacks at very low price. That is the reason that there were so many privatisations taken place in these few years in property counters.

This includes Hunza, OSK Property, PJ Dev, Wing Tai and a few more. The two ongoing mandatory general offers are TA and TAGB. The major shareholders are taking advantage of the wrong situations and ignorant of the general retail shareholders. If Bursa Malaysia does not revise the FRS and corrects the situations, more and more companies will be privatised. The counters that fall into this catogery are E&O, MKH, Paramount, Oriental, TA, TAGB, KSL, Tropicana and some others.

Many of the retail investors do not have the financial knowledge and are fooled by the wrong situations. For me, I am equipped with the financial knowledge and many years of experience in Bursa to witness and realise the wrong development took place.

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-13 12:05 | Report Abuse

keep going

luckyman

719 posts

Posted by luckyman > 2018-08-14 21:22 | Report Abuse

http://www.theedgemarkets.com/article/bnm-roll-out-special-housing-loan-next-month-says-mof

The features of the scheme include giving flexibility to banks in lending guidelines for first home buyers, requiring first home buyers to attend financial counselling to ensure they receive adequate financial advice before taking a housing loan, as well as reducing the overall cost of first home ownership such as stamp duty and insurance.

Recovery signs for property market...authorities finally acting on it.....?

Posted by Syakib Arsalan > 2018-08-16 21:37 | Report Abuse

Lama dah pegang....

property

107 posts

Posted by property > 2018-08-22 16:44 | Report Abuse

Tropicana Corp to dispose land in Bandar Damansara for RM42.28m
https://www.nst.com.my/business/2018/08/403831/tropicana-corp-dispose-land-bandar-damansara-rm4228m

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-08-23 11:29 | Report Abuse

Looks good to buy,profit incoming.....

ivan9511

3,854 posts

Posted by ivan9511 > 2018-08-27 00:12 | Report Abuse

Crazy Rich Asian = Crazy Rich TROPICANA CORP BHD,
hello Crazy Rich TROPICANA CORP BHD faster give us special dividend 10sen la,
dun tipu tipu keep the money for yourself , we know you got cash .
haha
Selfish

i_investor

934 posts

Posted by i_investor > 2018-08-28 15:38 | Report Abuse

good to wait & buy when the price is pressed down.

i_investor

934 posts

Posted by i_investor > 2018-08-28 15:38 | Report Abuse

let them press down the price, we take the chance to buy.

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-09-03 10:57 | Report Abuse

Best timing to invest now, buy more earn more hehehe

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-09-03 10:59 | Report Abuse

Good potential stock, bought it !!!

5354

375 posts

Posted by 5354 > 2018-09-03 16:59 | Report Abuse

SBB today?

TheContrarian

9,483 posts

Posted by TheContrarian > 2018-09-03 22:48 | Report Abuse

SBB back for three consecutive market days already.

i_investor

934 posts

Posted by i_investor > 2018-09-12 12:57 | Report Abuse

hahaha, how low is low, good to wait & buy when the price is pressed down.

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-09-14 11:27 | Report Abuse

Thanks for the profit, earned huge profit to buy stuff hehe

Posted by Fabien Extraordinaire > 2018-09-15 09:38 | Report Abuse

TROPICANA TO DEVELOP A RM4.3 BILLION NEW TOWNSHIP STARTING 2019

property

107 posts

Posted by property > 2018-09-16 21:09 | Report Abuse

Tropicana Corp acquires 50.1% stake in Peluang Duta, to develop township
http://www.thesundaily.my/news/2018/09/14/tropicana-corp-acquires-501-stake-peluang-duta-develop-township

Posted by jordanmaggie61 > 2018-09-18 15:24 | Report Abuse

Very interesting stock ! Worth to invest tho

ivan9511

3,854 posts

Posted by ivan9511 > 2018-09-18 21:43 | Report Abuse

good location land buy so cheap.
trop you win already . the land with develop can earn many billions net profit money.
tropicana you crazy rich now so where is our dividends .. since you so cash rich

4iiii

110 posts

Posted by 4iiii > 2018-09-19 16:44 | Report Abuse

SBB getting aggressive?

4iiii

110 posts

Posted by 4iiii > 2018-09-19 16:44 | Report Abuse

SBB like YTL?

TheContrarian

9,483 posts

Posted by TheContrarian > 2018-09-19 16:54 | Report Abuse

Sold some at 0.915 today.

4iiii

110 posts

Posted by 4iiii > 2018-09-19 16:56 | Report Abuse

Don't afraid. SBB push all the way up is good to kill operators. Let them buy back at higher price.

4iiii

110 posts

Posted by 4iiii > 2018-09-19 16:57 | Report Abuse

If can pls do SBB until 1.2-1.5.

kudamuda

293 posts

Posted by kudamuda > 2018-09-19 17:11 | Report Abuse

Some said TS.D going to sell some shares in open market again.. that's why keep doing SBB? Looks very deja vu..

4iiii

110 posts

Posted by 4iiii > 2018-09-19 17:14 | Report Abuse

Don't scared. YTL-YTL Power can do SBB at >RM 1 why Trop cannot?

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