able to insist on own opinion is a must in investment. If not, we are following the choices of others and most probably we might lose the chance to gain profit. I support you sincerely. But,i am not following you. I am timid.
My Friends The Housing Agents Told Me There is Now VERY FIERCE BIDDING FOR HOUSES AT JOHOR HIGH COURT AUCTION FOR HOUSES IN TAMAN SCIENTEX & KOTA MASAI. AND HOUSE PRICES IN BANDAR SRI ALAM HAVE GONE CRAZY NOW - EVEN MATCHING NUSAJAYA PRICES.
THIS SHOWS THAT NUSA DAMAI LAND AT RM8.40 psf IS NOW A SCREAMING BUY!
I REMEMBER BUYING LAFARGE AT 66 CENTS WHEN NOBODY WANTED
I ALSO REMEMBER BUYING OKA AT 17 CENTS (AFTER SPLIT) WHEN I SAW HIGHWAY & HOUSING BOOM
I BOUGHT PM CORP AS LOW AS 7.5 CENTS WHEN I SAW ITS POTENTIAL
AND I SAW NOW FEW PEOPLE CAN SEE AS YET - THE ASTRONOMICAL REVALUATION OF MP CORP LANDS.
MP CORP LANDS ARE FAR MORE VALUABLE THAT MUI'S BANDAR SPRINGHILL OR HYDE PARK HOTEL
ISKANDAR EAST IS NOW THE FASTING GROWING REGION IN THE WHOLE WORLD
AND NUSA DAMAI IS THE VERY HEART OF EASTERN ISKANDAR
ONLY CALVIN IS AWARE & ALERT - THE ENTIRE INVESTING CROWD IS STILL SLEEPING
orang dah terangkan, kaunter ini akan jatuh PN17 dalam 2015. Dia tak mau dengar, kita pun tak boleh buat apa-apa. tak ada saham baru, tak boleh bayar hutang. tak ada saham baru, paid up capital tidak dikurangkan 50 sen. revenue 2014 cuma 6 million. kalau paid up capital tidak dikurangkan 50 sen, sekurang-kurangnya 14 million revenue diperlukan untuk elak daripada PN17.
If sold at RM200 Millions - All Problems solved instantly!
If There is Surplus - A Windfall For Share Holders
And Then Free From Debt Just Wait For 6 Lanes Highway to Reach Nusa Damai from Bandar Sri Alam. Also by then The Pengerang Boom will spill over to Whole of Eastern Iskandar
3 Things Can Happen
1) Company build houses & Now Selling Like Hot Cakes! High Profit due to very low land cost at RM8.40 psf
2) Joint Venture Finally Arrive for Aptec and LakeHill Resort!
3) Tan Sri Liew of Ecoworld decide to take MP Corp private at RM1.40 like Focal Aim. Is RM1.40 too cheap then? Maybe Tan Sri Liew might offer RM2.00!
Tq Calvin. This counter is cheap cos of the reasons mentioned. Without those problems the price won't be at this price. So all these are already factored in the price. It may come down again nobody knows but may go up if more people knows the value of the land!
Calvin, the related party transaction has not been taken into account. Do remember that they once did sell the land at a very low price to 100% owned company. If this was to happen again, then your calculation will not stand. Last time, Bill said that the land was sold to his 100% owned company because he want to avoid MPCORP fall into PN17. This time? You have to know another 2 months, if no par value reduction, MPCORP will definitely fall into PN17 due to failure to meet 5% revenue of par value.
Megan last time also fall without sign. Without any announcement,fall quietly, a bit by a bit. When announcement is made, already at very very low price.
Shareholder Yap Chee Keong said chairman Datuk Syed Hussien Abdul Kadir has agreed to the request by minority shareholders to appoint an independent auditor other than current auditor Messrs BDO to take a look at MPCorp’s books to clear all doubts.
However, in the end, MPCORP reject the request. "This comes two days after the company told Bursa Malaysia that the request was made without basis, but agreed to discuss the matter at its next board meeting in January."
You will know these reasons in next few months. The value has been gradually worn away by some schemes..... Billy is familiar with these schemes. You can see these facts from Protasco's lawsuit.
Billy disposed 5.2% at 55 cents la... Where got value? Ah boy, awake lar.... don't sleep liao. Choong Pooh also dissapeared liao. Wei , Choong Pooh, where have you gone? Die meh?
Look at Kseng , with so much liquid cash and many said undervalued assets , some said it may touch 17-20 or 50 in RM ????So, what do u think ? it is only trading 5+ , about mpcorp , with so much debts , lands and properties all being charged or mortgaged , with huge and unpaid loans and liabilities , u think it may go.....?
Billy has sold a parcel of land of MPCORP to his 100% owned company through related party transaction at a very very low price.... He said the reason doing this was to avoid the company fall into PN17. If this was to happen again and the land will be sold at book value to his 100% owned company. Will the NTA become higher ? Will the debts being settled?
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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....
JasonPoh
173 posts
Posted by JasonPoh > 2014-10-19 22:53 | Report Abuse
Right now, peoples are fearful not for the market but MPCorp shares !!