@Goh123, if there is announcement of special dividend after insurance disposal I think t the price will be substantially higher already. Having said that , it is also nothing wrong to wait for the dividend announcement first before you make your move .
U trade this counter so much later broker take all your money. This counter not suitable for trading in & out coz you may hv 2 chase HI when whatever gd news suddenly announce...might as well just accumulate & HOLD
Altho I acknowledge that I myself traded it in '16/'17 , '17/'18 & '20/'21...now whatever I bought I hold until like MMCcorp suddenly incredible news that will send it more than 1 limit UP
Surin can take it private thru SCR and pay $2.50 per share . There will be enough cash in the company to buy out the minorities without having to fork out a single cent . Surin and his gang can own the multi billion worth of valuable assets in Penang, KL and Pengarang .
In the past months, i may be overly enthusiastic in sharing my view on my favorite 3 M stocks - MMC, MNRB and MPHB . All of them are extremely undervalued by the market and now is the perfect market condition for controlling shareholders to privatize them . MMC has come to fruition finally. MNRB and MPHB will follow suits. Do your own fundamental study on them before investing.
As at 31/3/21, cash and investment securities under current asset in BS is $1,102,237,000. We may expect another $350 Million (?) cash from the ongoing insurance disposal . This will bring cash + liquid asset to $1,45 bil in total or $2.03 per share . No of share issued is 715 mil unit . What about all the valuable landbank and properties in Penang , KL , Selangor and Pegarang which could fetch multi $bil more . Mind you this stock traded above $2.70 In Sept 2014 before he asset monetization materialised.
Ipohwhitecoffee, saya iIpoh mari punya... NTA will be $3.10 once the ongoing insurance sales is completed. More importantly, 2/3 are in cash and liquid securities investment.
@speakup, MPHB refrains from dividend is because it is a financial holding company owning an insurance business. Dividend for financial holding is regulated by BNM. This is the reason MPHB is divesting the insurance unit so that they are free to pay dividend as they wish . I would expect very handsome special dividend from the insurance divestment as it take in about $1 per MPHB share of cash from this divestment alone .
Congrats brother dompeilee Johnzhang Speakup Goh123 & thesteward Some white coffee is definitely brewing inside MPHBCAP. We made it. Closing +20% today. Yay~ I just bought myself one iced kopi putih to celebrate. NTA 2.60 now 1.60 only still got one kilo of big fat meat. Saliva drooling. yummeh!!!!
if u miss mphbcap, take a look at kseng. kseng is very similar to mphbcap. kseng net cash rm2.12/share and NTA is a whooping rm6.16 compared to share price only rm3.60
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....
Goh123
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Posted by Goh123 > 2021-05-30 12:32 | Report Abuse
Kelong stock