This counter may have to wait for a long while before it can show good operating profit growth because it does not have development projects to be launched in the near future. So there is no valid reason or catalyst to support its share appreciation, May have to wait until next year before meaningful operating profit start showing. Be careful
How wrong you are "valueinvestor". You obviously don't know much about MulphaL. Didn't you know last year, MulphaL jumped from 40sen to RM1.25 and proposed 3:2 Bonus Issue ? Now its trading EX-Bonus @ 48sen. That's a good 200% gain. To me, that's a hidden gem!
MulphaL have the following projects planning in progress : 1. Tropicana Land Development Project GDV Amt of RM700mil ==> Net Profits RM70 -100Mil; 2. Section 14 Prime Development Property JV Project with Mudajaya/Mulpha support.
MulphaL is controlled by strong shareholders and shares are tightly held. And the most important fact is......the 32% Call Option is still ALIVE !!
Market news says that is going to be the NEXT ECOWORLD. ECOWORLD took over a listed company at about the same price last time. For MULPHAL, this is the BEGINNING. Very soon it will breach RM1.
Actually armt - a big NEW shareholder has already emerged last month !!
Hello...Hello...there was an unconditional Mandatory General Offer (GO) last month where the New Shareholder and PAIC already hold 50.4% of MulphaLand. Just for your info.
Sorry, im aware of that changes. I meant the off market sale, my sources say it was brahmal that bought. The new placement, he may even buy further. Lets wait for annual report and see if this is true
If i'm not mistaken the off market sale by Mulpha last month was 5Mil shares or approx 2.2% only. The two main major shareholders are still the DPM's son and related parties having 50.4% and Mulpha having about 28%. The current free float is about 22%.
Perhaps you are right and if Brahmal is the new equity investor of 5mil off market sale and also for the proposed private placement. It will augur well for MulphaLand with another block 12% held by another strong investor with a golden touch.
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....
Icon8888
18,659 posts
Posted by Icon8888 > 2014-04-05 22:06 | Report Abuse
Nothing wrong with this company
Maybe profit not there yet ?