My view,it will stay at this level for a while.The old folks has enough money for themselves.Unless the new generation r more greedy n aggressive this counter will move like a yoyo in a up trend.I have this counter in my radar for 5 yrs .They have a huge land bank along the LRT transit line but if they don't develop it or sale it, it is just a jungle 0.80cts? May be 3-5 yrs when the old floks dies.
If it falls back to 0.40 soon, i got no choice but to ramp up more Mk shares at cheap price b4 they declare total of 4 cents dividend soon...The latest land sale to Empire Mammoth its profit gains should flow in by 4th qtr or 1st qtr next year...At least 4 or 5 cent dividend comfirmed...Its EPS should rise to 8-9 cts per share due to the land disposal...Assuming we apply a skeptical PER x 8 we should expect its share price to rise to 0.70-80 in one year time...So at 0.40 it is still a golden buy so i really don mind if it crashes back below 0.40 so that i can ramp up my total holding in Mkland...My motto is "The Lower It Goes, The More I Grab" Mkland should forever have a special place in my heart and mind...
Every year they ask renewal of mandate for share buy back but never exercise it to support the share price. Can someone who used to attend the AGM or EGM question the Directors on this. I would prefer they use the money for dividend payment to support the share price and then distribute the treasury shares to the shareholders annually.
No need...Dividend 4 cts per share annually is sufficient to bring great return to shareholders...buy Mkland as FD investment to enjoy good DIV yield...Don expect it to go up as it will NEVER ever!!!
Treasury share distribution is a form of dividend payment to reward shareholders and at the same time it can support the share price. I do not mind to opt for such reward.
now we hope for another big market correction to send Mkland back below 0.38 cts...tat is the best time to load up more...i believe it will come soon...
Lau said the company witnessed a slowdown in its product sales even in the second half of last year as consumers had shifted their interest from high-end properties to affordable properties.
Realising this, he said MK Land would balance its product mix in order to survive in the market where 70-80% of sales came from the Klang Valley.
Lau also said MK Land was currently planning other affordable housing projects in Meru Perdana, Klebang Putra and Lembah Beriah (all in Perak), declined to elaborate. - Bernama
I think and just my own thought only. Property share still will performing because of last 2-3 years speculating effect. In 2017, you will see property counters' profit may gradually reducing, mainly the property heat has start reducing in 2015. In 2018 onward, property sector will face huge challenging at least until 2020. Again, just my personal thought that plugged from sky :)
Pls dun spike up mkland...I just want it to stay below 0.45 at least for now...If u think Mkland is a lousy stock then dun buy it and dump it...If u think Mkland is a good stock then keep quiet and buy...Pls don invite speculators to mess up tis stock...
Someone need to put this stock in a wok to warm it up and to bring out its true flavors, If not, this will be just a dividend stock with no capital appreciation. My average price for this stock is still around 45 cents.
When u bought an undervalued stock never ever think tat price will match up with its intrinsic value straight away...We just need time and time and still time for majority of investors to really wake up to reality and started to recognize its true fair value...Others may not agree with u right now BUT in the long run when its fundamental value is very obviously good to the naked eyes, tat is the time they will chase it to the sky...The best time to buy is when everything is invisible and dull and doesn't look attactive at all by now BUT which u think will be very attractive in 5, or 10 or 15 yrs to come...Tat is what investing is all about...U just keep the stock for someone else at depressed level and return it back to the growth investor at inflated price in the long run...Mkland is such stock i am talking about...Everything will be unlocked in the long run...
HAHA Nemesis u said u just want it to stay below 0.45 at least for now. Can or not ?Market dont listen to us lah. u r now the top 20 share holders already , still want to buy another ......lots. I am a small investor, i wish not only to get dividend but capital appreciation also. I hope that with the new management , the image of the company in the eyes of the public can improve.
As Warren Buffett always said, When u find something valuable under valuation which overlooked and disliked by the majority of investors out of ignorance, U dun buy small amount U should buy the whole company if u ve the money...Of cos we are just small investor we cant buy and take over Mkland, we just wanna buy more and more as long as it stays undervalued at least it is better than putting ur money in the FD or hiding it under ur mattress...FD gives u just 4% only with no capital appreciation but Mkland gives u at least 100%+ 8% dividend return in the long run...But still majority investors still are blind to tis fact tat is why they like to dump Mkland everytime it started to rise...I believe the markets will wake up to reality very soon...Mkland will rise back to glory overnight out of a sudden!!! Nickyeo, Kktom, Lewis i believe three of u are also a big supporter of Mkland...stand still my frens as victory is clear and ur redemption is near...
hey guys as i read Mkland 2014 annual report they also ve few parcels of land in Mukim Dengkil Sepang...They are holding so much land that if revalue will surely equivalent to a goldmine...No need to launch project just sell land every year is sufficient to quarantee good profit
I really dun mind to wait 15 yrs as long as they continue paying dividend...If it rises to 1.00 within 3 yrs time then it is a bonus...BUT if it takes 20 yrs to rise to 1.00 then it is within my expectation...Only Tan Sri Mustapha knows the timing...
Yesterday, undervalue property company Hunza have news of major shareholder offer to take private. In the past few years more and more under value property companies got taken private or merged or being taken over ! Nemesis, ask yourself this question, if you were Mustapha Kamal, what would you do ? The answer is very simple :- take it private with dirt cheap price and then have access to the land and strip it down one by one to sell it and get fat cash & make a fortune !! Hopefully the price must be reasonable, (at least RM2, close to NAV) otherwise all minority shall gang up and block it ! Hahaha I think it is matter of time MK will offer to take it private ! You won't wait for 15 years !
Lewis, If i am Tan Sri Mustapha i won't take it private too soon...I will wait for a stock market crash during a poor mkt sentiment to take it private at least i can take it private at dirt cheap price...Shareholders ve no choice but to surrender their shares to me at cheap price during market crash... At the moment i will just declare fat dividend to myself and to all my shareholders...For ur info Tan sri Mustapha n Datuk kasi are holding up to 67% of of Mkland so the Public are holding only around 33%...Just imagine if they declare 4 cent dividend Major shareholder's pocket will be full of money fm d dividend they declared...So in the end Kasi and Mustapha are still the biggest winner earning the handsome dividend fm their own company mkland...We as a shareholder also join the share of dividend....I ve already lock in a period of 15 yrs for it to shine...
If Tan Sri Mustapha wanna take Mkland private then it is a BAD news for all shareholders...Pls do not assume they will offer to take private according to its NTA of 0.95...The highest price they might offer is around 0.55- 0.60 only since Mkland isn't tat profitable...Just look at the latest Hunza property privatisation, Major shareholder only offer to tk it private at 2.50 while its NTA is 3.50...It is clearly seen tat the price they offer isn't attractive at all they just wanna squeeze all shareholders's money into their own pocket for their own benefit...I totally reject the idea of taking Mkland private...It is strictly NO...Just let the market dictate its price!
Nemesis just let the so call new management 6 months to show their color .If still the same performance then both father n daughter sama sama. NO STANDARD. I THINK THEY SHOULD INVITE PEOPLE FROM THE LOYAL SHAREHOLDER TO HELP THEM. TAN SRI , SHOW YOUR COLOR
TAN SRI U can think talk but cannot take PROPER action. This is my sincere commend on U . . During AGM u seen to be very thoughtful n have determination to make MKLAND star of the property sector.. but..............
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....
Anthonyloh
118 posts
Posted by Anthonyloh > 2015-03-02 09:59 | Report Abuse
For this counter, who can PATIENT, he/she will be big WINNER.