TODAY mulpha closed at 51-51.5 sen. Share has come down a lot from 55 sen last week.

Very cheap to buy at this level.

Thanks!

But why is Honest Opportunity selling mulpha by the millions in the open market if BIG things brewing as you mentioned ?

Hi gweilo,

Read your piece on Insas. Your track records seems good to me.

What is the estimated time frame for mulpha to reach about RM 1.00 as you projected ? Just give a rough estimate. That will be ok for me.

Thanks !

.
Up 2 sen only today .

So how is tomorrow scenario ?

Likely coming down or going up ?

WOW !!! Some positive news on Mulpha for those who miss it.

http://www.theedgemalaysia.com/business-news/288340-land-price-for-leisure-farm-resort-shoots-up.html

Land prices shot up 20 times since Mupha launched LFR in1991.

You go figure how much each Mulpha shares is worth NOW in 2014.

Any body out there want to give a conservative guess ???

PLEASE MAKE A EDUCATED GUESS.

Something interesting on Mulpha for those who miss it


http://www.theantdaily.com/Business-Targeted/Mulpha-does-it-slow-and-steady-with-focus-on-smaller-projects/

Today High volume. closed 50 sen.

Any idea what is the next resistance price.?

Thanks guys,

Calvin,

Many thanks for your research om Mulpha.

I am interested to know where you get mulpha RM8.40 Book Value!!! Still in 1991 (23 Years Ago Book Value) . Fron the audited accounts , the notes to accounts, where? i am trying to find.

I am just curious and need to know that the land has not been revalued since then ?

Appreciate a prompt reply from you.

Thanks a zillion !

mulpha looks interesting. volume slowly picking up.

Calvin,

You wrote:

As Richard Branson says, "Business Opportunities Is Like Taking The Bus. If You Missed One There Is Always Another One Coming." Mulpha is the next Perak Corp in waiting.

I beg to differ . I think :

"Business Opportunities Is Like Taking The ROCKET. If You Missed One There MAY NOT Always be another One Coming." YOU MUST SEIZE THE CHANCE TO BOARD WHILE THE ROCKET IS STILL IN THE LAUCHING PAD "

Note last paragraph of the news report below : LFR Land transacted at RM 8-9 psf. Now RM200 psf. WORDS FROM THE MOUTH OF THE EXEXCITIVE CHAIRMAN OF MULPHA INTERNATIONAL BHD. WOW ! THAT'S FANTASTIC GAIN .

THE QUESTION IS : WHAT ARE WE STILL WAITING FOR?



THE STAR 7 MAY 2014

KUALA LUMPUR: UEM Sunrise Bhd and Mulpha International Bhd have formed a joint venture for three road projects in the vicinity of Iskandar Malaysia valued at RM107mil.

UEM Sunrise subsidiary Nusajaya Rise Sdn Bhd (NRSB) will own 59% stake in the venture while Mulpha International unit Leisure Farm Corp Sdn Bhd (LFC) will hold the balance stake. It is the developers’ first joint venture.

In a joint statement yesterday, the companies said they would build and upgrade roads in Gelang Patah and Gerbang Nusajaya.

UEM Sunrise executive director Datuk Izzaddin Idris said that under the original plan for the Gerbang Nusajaya development, NRSB was to construct and/or upgrade all roads in the vicinity of its development as a condition to obtain local government approvals for the development.

LFC, in the meantime, had obtained approvals from the local authority to build three interchange roads to better serve the needs of the Leisure Farm Resort community.

“However, in view of the proximity of NRSB’s interchange road to that of LFC’s, NRSB proposed to LFC that we enter into a collaboration agreement to carry out the construction of the common roads, so as to jointly meet the needs of our respective communities,” Izzaddin said.

Mulpha International executive chairman Lee Seng Huang said the collaboration was set to create a direct link from Gerbang Nusajaya and Leisure Farm Resort to the Malaysia-Singapore Second Link (Linkedua).

“For the many commuters in the vicinity of Gerbang Nusajaya and Leisure Farm Resort who travel to Singapore – this highway interchange project will significantly cut the travel time to and from Linkedua, from the current 15 minutes to just five minutes,” he said. “For owners and investors of real estate in the area as well as Leisure Farm, it will mean greater capital gains and value appreciation.”

“As a pioneer in Iskandar Malaysia, I recall that when Leisure Farm Resort was launched in 1991, the bungalow land was transacting at RM6 to RM9 per sq ft; today, the same lots are exchanging for 20 times that value, reaching almost RM200 per sq ft. With this new interchange, prices should continue to set new records,” Lee said. The projects are expected to be completed in phases by December 2018.

Hi calvin,

Thanks for the prompt response. Really appreciate it.

I agree , there is negligible downside for mulpha. it's a matter of time b4 it plays catch up with the other property stocks in Iskandar Johor.

Now is the best time to buy at this base price really.

Simple reason : LITTLE DOWNSIDE BUT BIG UPSIDE;

Calvin,

Thanks for your info on Mulpha.

Just wondering where in the bible ( Book and verse ) is it stated that " One Third of Mankind Perished " . I am interested to know.

Thanks a million !

this stock has been consolidating at 14 sen for past few weeks. should break out any time soon.

Calvin,

You wrote :

the Voice of John Templeton,

"WHEN WE SEE UNRECOGNIZED VALUE WE ARE WILLING TO BE CONTRARIAN. WE ARE BUYING WHEN OTHERS ARE DESPONDENTLY SELLING AND SELLING WHEN OTHERS ARE GREEDILY BUYING."

BUT IT TAKES THE GREATEST FORTITUDE TO ACHIEVE THE GREATEST REWARD.

Yes, really true.

The key word is FORTITUDE which most market players lack.

We have to learn from this great man.

AN INTERESTING QUESTION TO BE ANSWERED PLEASE:

Why is it that a substantial shareholder like Honest Opportunity Ltd has been selling about 3 million Mulpha shares over the past 2 months at this depressed prices if the company is rock solid and has huge potential.

Surely by selling millions of shares, they as a substantial shareholder and insider are not dumb. They must know something which we are unaware of at this moment.

I am not saying there is any bad news coming up but it's better to be prudent and err on the side of caution.

Any comments is much appreciated !

thanks !

Hi Calvin,

Glad to know your Johor sifu endorsed your sotck pick,

Any idea what is the fair value of mulpha ? conservatively value i mean .

Thanks a million, calvin !

Price has come down a lot. 8-8.5 cents is basement price. Grossly oversold. Should rebound next week

Calvintaneng,

Good day to you !

Would really appreciate how you arrived at Mulpha net cash of 30 cts per share. Is it net of all borrowings when you said net cash. Where did you extract this figure from ?

Thanks a miilion !

SIS issued at 10 cents. should be more than 10 cents.

All time low 6 cents . Oversold. Rebound morning

Stock at this level 8.5-9 for a long, long time.
A real laggard. At this price, not much downside risk.
Share likely to rebound from this level. 11 cents likely.

Really ? What take over deal ? Appreciate if you kindly share. Thanks !

Mother share just starting to move. Augurs well for tiger-wb. Dropped from 7 to 5.5 cents. Still low at 5.5-6 cents. Good buy at this level. Will move in tandem with mother share.

Benalec’s subsidiary Benalec Sdn Bhd won the contract for the construction, completion and maintenance of coastal reclamation and associated works in Malacca. CONTRACT VALUE RM204 MILLION

The contract sum excludes rock revetment works. The project is scheduled to start in the third quarter of 2014 and is expected to complete by the fourth quarter of 2016.

Meanwhile, AmResearch has maintained its Buy on Benalec with a fair value of RM1.31 a share, which pegs the stock at a 45% discount to its estimated sum-of-parts value.

Down everyday. 0.07 today. Selldown continues.... 0.06-0.065 tomorrow

downtrend all the way. Don't catch a falling knife !

With the down trend on huge volume today, it appears that the major shareholders are disposing off their shares. Downward Trend likely to continue.

Downtrend. Massive sell-off on high volume. Very bad sign.

Agree. At price of 11.5 cents, its at the low end with little downside. 1 or 2 cents up should be soon.

It is very normal for a stock to over-react to any perceived good or bad news. Instalcom is a classic example of over reacting on the negative side. The stock will definitely rebound from this level which is near the year low in 1 or 2 days. Very attractive entry point at his level of 0.23 with little downside.

In that case, 12 cents is still cheap. Near the 3 month lows. Will buy some at 12 cents tomorrow morning.

Company profitable and in growth industry with PER of 7 only. OCK PER is 24.9 with price at 1.13.

Re- rating for Instaco in the pipeline. Stock will move up very fast when market noticed OCK price and valuation. very little downside at 26 cents. a very good buy.

Instacom-WB is a good proxy and a very good buy at 11.5 or 12 cents.

Good time to buy. At this price of .255. it's real cheap.

Similar business as OCK which shot up to more than RM1.

Instacom is very profitable. Stock should be re-rated up.

Huge upside potential.

If one read thru the HOA posted on Bursa Website, it is clear that much progress has been made towards settlement of the HOA. This is definitetly a Plus factor for the company and this will likely result in a positive move in the stock price.

Relevant extract of the company announcement are as follows:

The Heads of Agreement is available for inspection by registered shareholders at the registered office of Benalec located at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur during normal office hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this Announcement.
(e) The Board of Directors (with the exception of Dato’ Leaw Seng Hai who abstained from expressing his opinion) is of the opinion that the settlement is in the best interests of the Company, for the following reasons:
- the Company will benefit financially from the rescission of the land sales mentioned above;
- settlement of the legal suits under the Heads of Agreement will not have any adverse impact on the Company;
- settlement of all issues cited in the Heads of Agreement will enable the Board as well as the key management team of the Company to focus on developing and upscaling the Company's business to best effect.
(f) The implementation of the matters highlighted in paragraphs 1 to 3 above already represents a substantial degree of completion of the settlement.

Latest news on HOA augurs well for this stock.

With most of the uncertainties removed and the S&P for the 2 lands recinded and the lands returned to the company with the announcement of the salients points of the HOA, is a BIG plus for this stock.

In all likelihood, the share price will move up substatially in a knee jerk reaction on Monday.

Mmaker has a point. major shareholders selling like there is no tomorrow. Further downside. Will queue at 4.5 cents to buy some. If go down more, may buy more.

Agree. Chart very bearish. More downside on monday. Major shareholder selling. Hope to buy some at 6.5- 7.0 cents.

TA Research target price 10.5 cents. Price now 8.5 cents is attractive to enter. Trend is up.

Agreed. AMEDIA Trend is up. Going up next week, Target price 10.5 cents (TA RESEARCH).

Heavy volume force selling over today. Price should rebound tomorrow !

Company is still profitable. When people expects it to go down more, it will just do the opposite. My gut feeling is it will rebound and stablilise at 9-10 cents for some time.

Obviously grossly oversold. Will rebound very soon.

Huge losses for the past quarters. Company may get into financial distress. Potential PN17 counter soon. Stay clear !!

Buy Opportunity now. Share grossly oversold. At all time low. Rebound imminent.

This counter is at its all time low of 9 cents, trading below par value of 10 cents.

Fundamentally sound counter.

Latest quarter still show reasonable good profits.

No sound reasons to be remain at this price long.

Very likely to rebound to 10 cents next week.

Technically speaking, the stock has turned negative based on RSI, MACD and Stochastic charting according to a Research house.

Key resistance is 0.26 and key support is at 0.22.

Target price has been revised downwards to 0.29.

My questions now are:

Based on technical reading, do you want to buy for a 10 % gain, meaning buy at 0.26 and sell at 0.29 if it ever reach this target price by RHB research.

Again you have to consider a lot of punters (STALE BULLS) getting caught at higher price right to 0.35 a few weeks ago, just waiting to SELL, and SELL AND SELL....

IS IT WORTH IT?

IS THE RISK TO REWARD RATIO IN YOUR FAVOUR ?

THAT IS THE ULTIMATE QUESTION THAT ONE HAS TO ASK ONESELF.

MONEY DON'T GROW ON TREES.

OR DO THEY ?

My question is :

" Are we smarter than this business owners who run the business ?

Lately, they are selling non stop like there is no tomorrow.

They are not street punters who buy and sell on rumours.

They run the business and know something that we don't know.

You really think they are so stupid to sell at current price if the share value is worth much more? I don't think so.

Something is brewing and it is definitely not good.

I will stay clear.

I think it's advisable to be very cautious on this stock.

When the major shareholders and directors are selling this share and its warrant by the millions over the past few weeks, it's not a good sign. These are business owners who are selling .

The BIG question to ask is:

"WHY ARE THEY SELLING SO MANY MILLION SHARES?

ARE THEY SELLING FOR FUN? ARE THEY STUPID ?

ARE WE SMARTER THAN THESE BUSINESS OWNERS ? "

JUST BE CAUTIOUS. THERE ARE MORE THAN MEET THE EYES....