This is to an extent, still very much an insurance company. So theres alot of unknown.
But if you see how surin structured the sale of the insurance co to generali. You can see the character of surin. He's got balls, and appears to have integrity.
After announcement of new substantial shareholder dated 7 September 2018 Volume have been building up..................
From 8 September to now 155m totalling 27% of paid up shares have been changed hand, it is believable that proxy fight will be happen to remove the board of directors.
Dato are very worry and have been aggressively buying Tiger at 10 cents from ACP as he is fully aware change will happen.
New shareholders will appear in the coming shareholders list in 2018 annual report to be release on 1 NOVENBER, ......
Proxy fight is the method to takeover a company by the way of buying more than 10% shares, hold EGM and convinces shareholders to vote out the current board and replace the approving board. However although it is popular in UK, USA, but never happen here.
A lot of good analyst like CALVIN TAN, LOGIC TRADING ANALYSIS, TAN K W, EQUITY DAIRY,CP TEH etc etc should team up their followers, instead of waiting and waiting and waiting the current board to declare, to change, to hope something benefit to the minority shareholders, they should do a step ahead by accumulate the proxy enough to pressure and even to remove the board to realign their business.
Please bear in mind a lot of listed company in BURSA, the controlling stake are very loose like 11% control in Tiger currently.
If Calvin Tan can say Buy Buy Buy, I also can say "MPHB, Risky Stock To Play With!".
Objectively speaking, MPHB's 3 quarters in FY2018 generated less profit than the 1st quarter in FY2017. 1st quarter FY2018 made a FIRST LOSS in a quarter since 2013!
Has the fundamentals changed? I don't know. But I know the following.
Look at how PADINI & KESM got hammered down. Sharp decrease in profits -> Investors lost confidence -> Share price drops. Any profit less than 60M in coming quarter, MPHB will earn less profit than last year. Shareholders will lose confidence. Share price will drop <RM1.
Using MPHB'S technical stock chart, MPHB share price kept falling after 23 Aug 2018. Clearly investors are pessimistic on MPHB's prospects, in the near term at least.
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....
Livermore
2,797 posts
Posted by Livermore > 2018-09-06 12:01 | Report Abuse
from the downtrend price...u know they are sleeping in fact...haha