MPHB Cap announced that the purchaser of its Balik Pulau land in Penang has requested for a 6 month extension to complete the purchase. In the meantime, the company has received another 10% downpayment of MYR22.6m and interest of MYR1.36m for one month, calculated at a rate of 8% per annum.
MPHB Capital - Balik Pulau land sale extended Date: 21/02/2014 With 20% downpayment and 8% interest, probability of sale going through has increased.With greater certainty of this sale, we lift our SOP to MYR2.42 from MYR2.12. The MPI sale could lift our SOP by another 23 sen to MYR2.65. BUY.
Yes I am also investor of Mphbcap .Last year first day listing bought at 1.40 but sold all at 1.69-1.70 . Then bought back again this year at 1.77 . It is up now ,hope uptrend from now on .
today CALL BUY from MBB.. "Against a carrying cost of MYR31.5m, MPHB stands to recognize a sizeable exceptional profit of MYR194.6m from this sale, or 27sen per share. With greater certainty to the sale of the Balik Pulau land, we are raising our SOP by 30sen (+14%) to MYR2.42, factoring another 3sen from its recently completed property development project at Minden Heights and 27sen from Balik Pulau."...
Do buy MPHB Capital if you have some spare cash and keep it for about a year. I have been informed that a foreign firm will be taking up 49% of its insurance arm soon. This will re-rate MPHB Capital.
cariyoyo: I thought this is an old news together with the land sale in Penang, but I will definitely looking forward to that and see the price move up :)
Insurance in wat field? dnt tell me related to the flight insurance coz it "extreme" sensitive now. If yes, i dont dare tourch tis syer for tis moment. Tis syer got pontential but now price abit higher.
I am thinking hard how to capitalise on this RAPID news. So far, several stocks had been identified, but I still can't smell the money. Is it too early to buy ?
Fair enough, MPHB Cap has thousands of acres there, but wouldn't that take at least few years for the benefit to be felt ?
I don't want to tie down my capital for something too distant. As I need my money for stocks that are currently producing fruits
Am I right or am I wrong ?
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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....
2767max
189 posts
Posted by 2767max > 2014-02-21 10:56 | Report Abuse
not really understand the announcement,can anybody tell what was this refer to ? Thanks.