Bruce88,will keep in mind your kind comments.I may be wrong, but I still like to purchase, stock sold at a price similar to its NTA value, PE of 16 ,EPS of 10.72, and ,DY of 7.6%. Magnum started it's business in the late sixties/seventies, while I was still in secondary school ,forty over years ago. Since then, its price never dropped so much, like what happened in the last few weeks. If it's price drop further, then I will keep it for long term investment. Thanks.
ccmeow made a right decision. magnum will back to 2 soon.why ? go survey magnum toto damacai shop every Saturday and Sunday then you will know why i said that. no matter how strong illegal market now gamber market still got business one. unless until one day you cannot see any people queue st the counter. magnum is cash money business sure win . why magnum can borrow money from bank of course bank also know magnum cashflow la. bank know magnum sure untung la.
ivan9511, In late 1960s, My sis was working for Magnum . She told me that, during that period, illegal market sales ,were many times more than the legitimate one. Now, after so many years, Magnum still survive and managed to pay dividends to its share holders. For your info, I am a small investor and still learning to invest in the stock market. Friends who have good strategy, hope you don't mind to share with me.
in the 60,s no internet magnum4d,now internet got magnum,toto,pmp,spore pools,sabah,sarawak,apa u mahu pun ada. also nowdays many illegal outlets mushrooming beside the legals one.
above who got any concern about magnum just think like that: is there any possible Malaysia only left illegal 4d shops and illegal online gambling and all legal shop like mgnum and toto all go to bankrupt. if yes then you fast fast sell magnum and runaway.
ivan9511,I totally agree with you. I noticed that most of the Magnum punters are housewives, labourers, foreign workers, who are not familiar with internet. These are the people, who keep all the legitimate gambling counters in business,no matter how bad the country's econom is.
Thanks,soon9913. I concur that the price may drop, when Magnum report , the 2nd quarter result in the coming July. If that happened, then I will have to keep the share for longer term.
Too many people believe in buy low sell high And they truly believe they are the most lucky guy in the world that can buy at the lowest price? May be cpteh also need to get some advice from them And yeah now is bull market, when a stock didn't move up during a bull market, don't expect any good outcome during bear market In my experience all the stock will move down rapidly during bear market, no exception >:D I would never try to be the lucky guy those can really impress other by trying to buy at the lowest price
see what happen today. congratulations ccmeow . and all above keep giving bad one please admit ccmeow made a right decision. true is true today magnum up a lot please congratulations ccmeow and don't find any excuse again 姜是老的辣
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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....
Bruce88
1,128 posts
Posted by Bruce88 > 2017-06-10 10:02 | Report Abuse
Wrong strategy !