"Therefore, the Group will continue to keep a lookout to dispose those land banks with extended payback period or to enter into joint-ventures with reputable and reliable partner for those with a shorter payback period. "
management is like shit, non professional,all MCA political appointees,all waiting to collect high salaries only at end of the month, totally unproductive.
Hope to buy at RM1 and below ? Is more like a dream unless something really bad taking happen . Do you think of anything really bad going to happen for a company with net cash of RM1b (cash+ cash park in short term securities) ? Nett cash per share is RM1.40 (RM1b/715Mil share)
MPHB is really boring !. The only hope is for the completion of the insurance sales and the management reward shareholders with handsome dividend. You have to ask yourself how likely that will happen .
The company has no core business and no direction. It may soon be like the shit PUNCAK. Puncak is cash rich, high NTA etc. But see what happen to Puncak ? Better sell now before too late.
at least someone insider bought to give further confidence ; NTA RM 2.33 , thus if liquidation better still , all shareholders r entitle for the last cts.
The company is sitting with pile of cash. Almost no debt. Further adding to the cash hoard if the 21% sales in insurance unit goes thru'. What you think the Management want to do with so much cash ? Paying special dividend ? or wasting them on new asset acquisition ?
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....
AndK
208 posts
Posted by AndK > 2017-05-23 23:37 | Report Abuse
Seem like everyone is confusing of magnum with mphb