Network Food Industries,the company that makes Tudor Gold,Tango and Crisy should increase promotion and marketing so that it will create more brand awareness. More awareness would mean more sales and higher profit for PMCORP.

On Jan 4,1990,PMCORP share price is at 1.849.

alexsing,see my posting above(no.3) and you will understand.CASH PAYOUT means company will give back some of its cash(it has cash of about RM141 million) to shareholders.How much is the payout? Have to wait for company announcement anytime between now and 31st Dec. 2013.

JCool,aiyo not so cool lah,sendiri hantam sendiri kah ?

Posted by 林俊松 > Nov 4, 2013 11:03 PM | Report Abuse

juinming0304, the capital reduction is like dividend paying to shareholders. PM Corp is returning capital surplus back to all the shareholders. Par Value going to decrease to 40 cents from 50 cents. U will receive 10 cents payment per share. Share price will also adjust accordingly~

lim,think u got it wrong.Capital reduction is to consolidate share base- 4 shares into 1( cancel 25 sen from each 50 sen par value then consolidate 4 par value 25 sens into 1 PMCORP par value RM 1.00. And how much CASH PAYOUT? WAIT FOR COMPANY ANNOUNCEMENT.

Superman 88,I did not do the analysis,just copy and paste Calvin's earlier posting.

And finally

6) Good question izoklse. What I received I give. Since years back we have been telling Management to give dividend since PM Corp has surplus cash. But company actual earning does not justify giving out dividend - too little.

So to give out surplus Cash (Locked in like Keck Seng) a plan is proposed by management. Capital Reduction of Par Value from Cancellation of 50 cts to 25 cts. Then 4 shares will merged into one share as a RM1.00 share.

So let's say the share price is 17 cts today. So 17 x 4 = 68 cts. The new price for PM Corp will then be around 68 cts. What about its Cash Position. It's about 18.5 Cts. So 18.5 cts x 4 = 74 cts.

You see the Net Cash of PM Corp is more than the Share Price. New Par Value RM1.00 Price 68 Cts. And Net Cash Position 74 Cts.

So when you buy PM Corp at 17 cts you are buying the Share with 1.5 Cts Surplus. Not only that. You also get the FREE SHARES IN UNQUOTED & QUOTED INVESTMENTS Like PM Capital (PM Corp Is The 3rd Largest Shareholder of PM Cap). PM Holdings (PM Corp in Top 10), MUI BERHAD, & MUI PROPERTY. And in Unquoted Shares?

You Also Own The Freehold Properties in Penang, Selangor, Iskandar, S'pore Hong Kong. And they ARE VALUABLE. LOCATED IN VERY PRIME AREA. Example Tanglin View Penthouse in Orchard Road. Book Value RM2.7 Millions. Actual Market Value S$3.5 Million (RM 9 Millions)
3 Fold More if Revalued. That's why NTA is NOT 44 Cts But At Least RM1.00

PM Corp also lent a lot of money to subsidiaries.

So let's summarise:

When you buy PM Corp at 17 cts.

You get 1,000 units of PM Corp

1)Plus extra 1.5 cts free cash
2)Plus All investments in quoted shares like PM Cap, PM Hld, MUI Bhd & Mui Property
3)Plus All Unlisted share. Eg. Laura Ashley franchise in S. America. Current value US$6 Million
4) Plus All Freehold Properties in Prime Locations.
5) Plus All Monies owed by Subsidiaries.
6) Plus OEM for established clients like TESCO, COSWAY & BARNSBERRY
7) PLUS BEST OF ALL - A POTENTIAL WORLD CHAMPION IN CHOCOLATE MANUFACTURING.


The expected reaction from The Market at the announcement of Capital Reduction & Cash Distribution. There will be a knee jerk reaction from those who think that PM Corp is like PM Cap & PMI which went into PN 17. There might be a sell down due to ignorance & especially those who know next to nothing about the intrinsic nature & deep value of PM Corp.

It will enter the investment radar of Value Investors like Apollo Food, Hup Seng, Nestle, Dutch Lady, Old Town Coffee & others who want stability with growth.

74 Cts Cash. How much to be paid out? This cannot be disclosed. Wait from now till December 2013. As they say in the restaurant. "Please be patient you will be attended to shortly."

Hope this helps.

5) 17 x 4 = 68 cts. Supposing Share Price After Capital Consolidation is 68 cts. Cash is 74 Cts. How much pay out? That depends on Management. Wish I know. But the amount of Money given out will be the adjusted upward accordingly.

Example 68 cts. Announce 20 cts cash pay out. Market readjust to 68+20 = 88 cts then. This is my personal over optimistic forecast. I could be wrong.

If you are A Very Long Term Investor. Your Target Should Be Forever. Say, you have searched painstakingly and found a gold mine. Why only take a few gold nuggets and move on. You should stick with it like Warren Buffett stick with Coca
Cola, McDonald & Wall mart.

4) Thank you kcchonnz for asking this important question. Most don't bother to check out the figures for themselves. Certitude is a great thing. If you know you are on Firm Foundation you will not be shaken by the day to day fluctuation of Mr. Market.

PM Corp has 94m cash and only 5 million debt = 89m cash. The extra 9.12m is payable (cocoa powder, milk powder, rice, oil palm and etc which NFI (Network Food bought as ingredients for Food Production).

But did you notice 21.5m under receivable? Yes, Giant, AEON, Tesco, COSWAY & others owe NFI for Chocolate supply on credit of 30 days to 90 days. Can we trust them to pay up? Of course!

As for Foreign Chocolate Buyers. All Must Pay Cash. COD (Cash before Delivery) as required by Ms. Lai Fah (Assist Manager of NFI) Lai Fah says our sales to over 30 Foreign Countries is Very Strong!

Then You Have Singapore S$15.4 M CASH from Sing Long (Woodland Factory). What was the conversion rate? Recently, we changed S$ to RM2.58. So 15.4M x 2.58 = Wow RM39.7M!!

So let's sum up

Receivable minus payable 21,5 - 9,12 = 12.38m
Cash - Debt 94m - 5m = 89m
Cash proceed from S'pore = 39.7
Total = 141 millions

Total no. of Company shares 773 millions - 65 millions treasury shares (Bought at 20 cts to 47 cts)
= 708 Million shares. So divide 141 by 708 = 19.91 cts (Wow I thought 18.06 cts only)

You see PM Corp is SO RICH THAT EVEN COUNTING MONEY IS NOT SO ACCURATE. MONEY KEEPS ON ROLLING IN, SOMEHOW.

3) Wish I know the Actual Amount to Be Given. In conversation with Management lately, Mr. Ho Chun Fuat reconfirmed the Proposed Exercise:

1) IT WILL GO THROUGH. Interpreted it means the proposed Capital Reduction & Cash Distribution will go through as planned by Directors. At the AGM in PD, Mr. Ho, asked the Share Holders, "Do you want payment to be in CASH OR TREASURY SHARES?"

2) COMPANY ALSO NEED MONEY. Whether Mui Group, PM Corp or Tan Sri Datuk Khoo himself need money is not specified.

3"PRICE WILL GO UP!" The Announcement of CASH PAYMENT will Cause The Public to take notice and buy in PM Corp shares. Thus price is expected to go up.

Further Question, "How Much Is The Cash Pay Out?" This he was unable to answer. In all these, I find Management to be competent.and only disclosed what is allowed by Bursa.

To refresh what Calvin posted and for benefit of newbies

1) hepitrade .. cash payout is not dividend, it is the Return of Surplus CASH To Shareholders

. DLuckyGuy it is not a 50:50.

Reasons.

1) Share Holders Demanded it in AGMs

2) Directors Proposed It In AGM June 2013

3) Company Official Confirmed It.

CASH OF RM141 MILLIONS IS IN THE BANK. CASH WILL BE PAID OUT AS PROMISED.


2) If you NEED the Money sell by all means. If you think of other places to invest. Think again. This Is No Ordinary Share. Once let go you may regret for life'

DLuckyGuy & Vinvin, According to Management the Official Announcement For Capital Consolidation & CASH PAY OUT Is This Year - Any Time Now Till December 31st 2013.

If you want to know more you can get the details from my posting on "MY RECENT TRIP TO PAN MALAYSIAN CORP AGM (4081) at www.jbhouseforsale.com There are more than 50 articles on my website. Please locate it carefully

According to the latest AGM it was openly announced that THERE WILL BE A CAPITAL REDUCTION & SHARE CONSOLIDATION - FOLLOWED BY CASH REPAYMENT TO SHAREHOLDERS - THUS UNLOCKING VALUE AT LAST!

yeah,congrats hng33.

aiyah,nevermind lim,treat it as a learning xperience. Better not dabble in

call warrants if u don't understand them.

Lim,since u just started working,u should save and invest wisely not save and gamble.For a start why not check out kcchongnz stock suggestion portfolio -http://klse.i3investor.com/servlets/pfs/21089.jsp. kcchongnz has analyse many stocks.U can learn a lot on how to invest in good companies from him.If u want to know if Mahsing WB is a good warrant to invest in u can ask kcchongnz also on this thread-http://klse.i3investor.com/servlets/forum/900396884.jsp. Remember the first rule on investing is "Do not lose money". Rule no 2 "Do not forget rule no 1.

Lim, I think Ayam Tua ate too much chocolate.Ha ha. A bit groggy.

Hey Ayam Tua,Tuesday ada market meh?/

WHY NOT WE ALL TEXT CALVIN A MESSAGE OF SUPPORT ?

Probably still sleeping....zzzzzzzzzzzzzzz!

Posted by kcchongnz > Oct 31, 2013 05:53 PM | Report Abuse

MPCorp has fallen another 2.5 sen, or 5% to 45.5 sen. PW Con still stay at 18 sen.

KC,its AncomLB,u got conned by PW Con ! :)

leek,u got carried away a bit. :)

hng33,your prediction for YTLP n WB this week might just come true.

No point converting now. Slight premium.

wow,wb 68 sens sapu all.

sikit sikit lama lama jadi MT. EVEREST!

Don't worry Matrix,when I say thanks for the tip,I was refering
to the charts. Ultimately ,we have to decide ourseves whether
to buy/sell or hold.
May the best price be with you! :)

yo bro Matrix,thanks for the tip on Gunung.Might consider its warrant though.

A contest that runs 5yrs? whoa...that's too long Mr Tan.

Bro Matrix,maybe u bought Gunung from me ha,ha.I sold at 95.5 this morning(my cost= 76.5 sen).I've also taken profit on Coastal,sold @ 3.31 just now. What is support/resistance for Gunung?

Most welcome Calvin.For you,me and the rest,our hope for PMCORP .


http://www.youtube.com/watch?v=v09H0A9q1mA

A video for All Naysayers of PMCORP!

http://www.youtube.com/watch?v=GDwLPMOzHLY

hepitrade,why sell now and earn peanuts only.Hang on bit longer and make more mah!

Mr Tan KW,I jual Instaco WB 130000u and buy PJDEV 8000u.TQVM.

Actually disposed on 23/10

I've some Wellcal bought between 1.10-1.20.How nice,just keep and enjoy the dividends.

jvei,u r welcome.Everybody wants the share price to go 1 direction only...
...UP !

Posted by matrixcool > Oct 27, 2013 04:42 PM | Report Abuse

twobits & jvei, welcome and thanks for your comments.

Faberlicious,
PMCorp—Breakout from the Double Bottoms on 03/10 with volumes and hit its immediate target $0.255 on 14/10. Very Bullish as it is on stage 2 of the new cycle. Any weakness towards supports at $0.225/$0.205 offer opportunity to buy for future play. Next TP estimated at $0.285 if $0.255 id broken. Exit if $0.205 is violated.

Bro Matrix,thanks very much for the info.

Can any TA xperts here tell me what the charts say about PMCORP? Thanks in advance.

jvei,

yes.

Check out this article.

PAN MALAYSIA CORPORATION (4081) AN OVERLOOKED & VERY UNDERVALUED STOCK IN KLSE, MALAYSIA


http://www.jbhouseforsale.com/pan-malaysia-corporation-4081-an-overlooked-extremely-undervalued-stock-in-klse/

I bought in at 21-22 sen.

Bro Matrix,please take a look at PMCORP.Also do check out the PMCORP thread when u r free. Maybe can make some money there. :)


Cheers.

Here comes the calvary.

htyeap 125,please send the TA notes also.My email
is ch33h3ng@gmail.com. Thanks a lot. :)

Ah,glad you make some money from MBMR WA KC.If I find some more "chun" warrant,will share with you ok. :)

Matrixcool,many thanks for the info.I got into Coastal @2.94 and PJDEV @1.11.

yeah,so nice. Can enjoy the chocolate and same time
watch share price go up.

Hi Matrixcool,1st time here.Can u please take a look at Coastal Contracts and PJDEV. Many thanks.

Posted by kcchongnz > Oct 23, 2013 05:30 PM | Report Abuse

faberlicious, yeah you are right. The 41.35 sen is the EPS, not dividend. Saw wrongly. Die lah, sure kena hantam by somebody already.

Sure kena hantam ah? Ha ha ,that's a good one KC.

It's showtime!

PMCORP. Gooooooooooo!