stil not enug to turn around the situation.
Mpcorp is under debts.

old news le la.

last time, billy said he can make the mpcorp's development areas (aptec) to be one of the tax exempted area.
In the end, this application is told to be a failure.

calvintaneng, mpcorp would not get any profit or benefits from this.
The area of Pengerang Rapid is very big.
Mpcorp can get very little benefits from this policy.

choongpooh, where are you?
How many lots have you bought and what is the average price?

Lonbisc disposed LAYHONG at below 2.00. QL acquired at above 3.00.
Within 2 years, the changes are drastic.

within 2 years, there are big changes in the value of LAY HONG.
Why this happen?

Lonbisc acquired LAY HONG and few years later LONBISC disposed it with loses ( not with profit). But , you see few days before QL acquiring LAY HONG with more than 3.00 (mandatory offer)

I really shocked with the decision of QL.

OK, good explanation. Hopefully this will be realized soon.

You mean Bill needs fund heavily to kick off the APTEC .This will make the time to complete the APTEC shorter. And the value within company will be increased heavily. Hence, he made a decision to buy time instead of selling higher.

Like Lonbisc, you know the NTA is about more than 2.00 few years back.
But the price getting lower and lower.

And also their percentage in the company decreased as well. They asked third investors to acquire new shares at 1.00 through private placement.
Finally, the LONBISC fall to 0.60.

How to explain this?

calvintaneng, do not believe the asset within the company unless you really know the assets well.
Sometimes, huge loses can be happened and give you a surprise.
The major shareholders dig a big hole and they managed to get huge profit. In the end, only minor shareholders bear the loses.
If the assets within MPCORP is valuable, why new shares are at 0.50?
Why he does not sell at 1.00?
Why Billy Ch'ng wants to sell to TPY at 0.55?
Why??

sometimes, the major shareholders only care their benefits.
Their salaries are extremely high.
They can established related party transaction, and make themselves richer by exploit the company's funds.
That is why the prices of shares can be lower and lower but the major shareholders are kaya kaya.

In fact, if Namfatt reduce down the par value, it can repay more than half of the debts. I wonder why NAMFATT did not do so.

But if the lands are lelong. Do you think the price can be good?

The lands are at any time to be caveat by the ADSB. On 10th March, Mpcorp signed agreement with ADSB to agree on a repayment settlement.It agreed to increase the loan amount to 130 million and was given 6 months to repay. However, it failed to repay the debts up to now.

Will ADSB caveat the land again and lelong the land?
This is something we have to notice.

I thought the par value is high. You see 1.00 for each share. But the company even did not reduce the par value to repay the debts. It kept disposing its asset. I thought it still can reduce the par value to save the company. I am confident at that time.

Finally, it collapsed.Nothing left.

THE "EXPORT BANKS", something like that ceased to be major shareholders and trying to get back its loan in Namfatt.

I followed. and eventually in the end, it becomes less than 0.l0. When it rebound from 0.04 to 0.09 and the news come out saying white knight to save the company i tried to buy in more to average down. After that, it is delisted and finally disappeared.

I know that time when namfatt is hot, the prices reached more than 0.80 and the major shareholder Ng acquired more and more

i tried the method to average down before. But in the Namfatt also, i suffered a lose more than 50k

i tried the method to average down before. But in the Namfatt also, i suffered a lose more than 50k

http://www.thestar.com.my/Business/Business-News/2014/10/04/The-cautious-contrarian-Capital-Dynamics-Tan-warns-of-overvalued-global-markets/

Tan teng boo, icap bhd's director (Asia's warren buffet) warns global markets are overvalued. He said the crisis is coming soon. He preferred the capital within company which more than 200 million to remain in cash instead of buying shares.

mpcorp is not a defensive counter.I already taken more than 30 lots , average at 0.408.
If the prices break 0.37 i think i will dispose and wait for the real bottom.

when the inflation is high, the cost to build a house can be higher.
The developers have to sell the built houses with higher price, the bank is lowering the loan's margin ...........and tighten the approved loan.

I can see the atmosphere of the market right now.

But the problem is , will the market collapse further?
is that possible for the index to break 1800 or 1700 on next week?

concerning on announcement today.
You see the oil's price become higher, the inflation will make our products to export higher costs. the profit margin can be affected seriously when inflation is serious

done another 0.405 10 lots...liao

calvintaneng, please give your comment. Thanks.

will it break 1 year's bottom, 0.35?
If it break 0.35. The new bottom forecasted will be formed at 0.12-0.17.

if break 0.40, it will encounter another diarrhea.

0.405 can not be sustained any more.

increased to 82.8 sellers now..

will the company turned into pn17

i am concerning the new shares issuance.
i think most probably the new shares issuance will be cancelled.
Unless the major shareholders come in and buy up to support the price.

that time, 1 lot can be turned to 2 lots.

If mpcorp drop to 0.25, our value in mpcorp will be halved.

Is that necessary to sell out and wait for next bottom or instead we can invest more ?
No idea whether the real bottom is reached or not.

calvintaneng, can you please give your comment on current situation.
Please.I would like to hear your opinion.
I know you have plenty experiences in share market.
Thanks.

mpcorp is not a defensive counter.
really made people worried.

if klse index drop from 1800 to 1600, will mpcorp's price less than 0.30?
scared,scared.

if the klse dropping more, what will happen to mpcorp?

will the market collapse?

But, you have to be mentally prepared that may be all will be burned when expired.

if 0.005, do you dare to buy 1000 lots?
0.005 if sell out at 0.01 will earn you double.
from 5000 to 10,000....

wb is close to 0 already

then since afternoon increase to 47.8 sellers.
How?

But no one dare to buy up 0.41.
18 lots from morning till now even 1 lot also have not sold out.

wait.....we shall wait patiently.
May be now is the right time to buy in.

ya....there are hopes.

the shares continue to plunge

calvintaneng, i would like to hear your opinion?
Do you think that the current price will getting lower or will rebound ?