For MP Corp only those with heart and nerve of steel can buy.
The rest better stay away.
Why Dr. Yu bought PM Holdings? According to ExCFO Mr Ho there is really nothing to be excited about PM holdings.
But Dr. Yu together With HL Bank Boss Quek made a killing on HL Cap when it rose from 90 cents to RM14.00 (Up 1,400%!)
And PM Holdings owned the now DELISTED PM CAPITAL Which MUI Bhd Sold to Dr. Yu.
Is Dr Yu going to relist PM Cap?
As For MP Corp - the INTRINSIC VALUE LIES IN ITS VERY VALUABLE LANDBANK
This Morning I spoke on Ecclesiates 1: 4 to 9
The Gist of the Message is This
1) One generation passes away and another generation comes; but the earth abides forever (Ecclesiates 1:4)
If life all men will die and their children, grand children, great grand children & great, great grand children & descendants will take over for the next thousand years.
This is the reality of life "ONE GENERATION PASSES AWAY AND ANOTHER GENERATION COMES"
And it went on to say, "BUT THE EARTH ABIDES FOREVER"
This is exactly what the Bible says, "The physical planet called earth WILL LAST FOR "FOREVER".
Only God can last Forever apart from the earth. I won't expound verses 5 to 9 here as it is a sermonette.
As MP Corp is holding the Most Precious Lands in the Heart of Eastern Iskandar ITS WORTH WILL STILL BE GROWING BY LEAPS AND BOUNCE IN VALUE FOR MANY YEARS TO COME LISTED OR DELISTED ENTITY. Think of the Lands in Bangsar or Taman Desa in KL or Tanjung Bungah on Penang Island.
And Going Forward Precious Lands Will Be EVEN MORE PRECIOUS AS WORLD POPULATION WILL EXPLODE PAST 10 BILLIONS to 100 BILLION PEOPLE ON PLANET EARTH
As the Jesus says, "AS IT WAS IN THE DAYS OF NOAH SO SHALL IT BE IN THE DAYS OF THE SON OF MAN"
The End Times on Planet Earth will Be Similar to Noah's Time Before Jesus Christ returns.
Let's see what happened in Noah's Time
Refer to Genesis 6:1
"And it came to pass, WHEN MEN BEGAN TO MULTIPLY ON THE FACE OF THE EARTH..."
THERE WAS A POPULATION EXPLOSION BEFORE THE WORLD WAS DESTROYED BY A UNIVERSAL FLOOD.
From here we can conclude that LAND PRICES IN PRIME AREAS WILL HOLD ITS VALUE WELL
Since Only God and Earth Last For "FOREVER" MP CORP has "LANDS" That HAVE "EVERLASTING VALUE".
Apart From God & Earth another thing that is indestructible is "Gold".
I once hold shares in Pelangi Berhad, I & P & Petaling Garden. All were taken private. All are still making good profits.
Warren Buffet has often warned about how will people react if there is no quotation for the stock for the next 10 years?
If fact I have thought of "RIP VAN WINKLE" Fund which every investor for lock in for at least 20 years. Ha! this is my personal view. Others might think me mad
In reality if you bought UMW at 50 cents in 1983 & keep until now until Blue Chip you would have made about 100% every year inclusive of dividend.
Unlisted shares are not governed by bursa listing requirements
Meaning it is ok to openly undertake related party transaction
You might be find with I&P, but what if mp Corp boss bought over all assets of MP corp for RM1.00,what are you going to do? Sue him also no use because the judge will say it is completely legal to do so
Are we now back in the dark ages? Or under Mao Tze Tung or Marcos Times?
Years back BN people told me in Kelantan there is no law. Any body can seize any land they grabbed. When confronted they say, "No body can own any land, all belong to Allah. So it's free for the taking. First come first served. Is that so?"
If you live in the stale air of Klang Valley expect your life span to be between 65 years to 70 years. Anything above 70 will be a bonus.
If in Iskandar, especially living in MP Corp's LakeHill Area you might easily live past 80 to 85 years due to its pristine lake and Edenic air. A hundred years of lifespan is also quite possible here.
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....
calvintaneng
56,632 posts
Posted by calvintaneng > 2015-01-18 14:54 | Report Abuse
Haha!
One of my Johor buddies bought 3 million shares of Mui Bhd when it dropped to 15 cents.
It was the divorce news between kkp and Pauline that caused the selling.
And Pm Corp sold down as low as 7.5 cents.
I have seen others
Mp Corp was sold down due to lawsuits on Company and new shareholder Mr. TPY
Recently Supermax was also sold down because Stanley was charged over insider trading.
Over in the US Mold was sold down because of lawsuit. And it dragged down the price of BJ Corp to further Bargain Basement Price.
In all these Only Brave, Shrewd, Value Investors will dare to buy where others ofear to thread.
Calvin Tan Investment Maxim
VALUE INVESTORS BUY NEGLECTED VALUE STOCKS LONG BEFORE THE MARKET TURN BULLISH WHILE THE MARKET CHASE THEM LONG AFTER THEY TURNED VERY POPULAR