why am I not confident? Bought Mrcb before ri issue, earn tht time cost .9+ sold at 1.25. Now good chance can buy back at RM1 or maybe below why not??? Would it drop to .8?? Would it??? Hahaha ... I have nothing to lose.
It will never get back to 1.00 again .even if it goes back it will touch 60MA and retreat to newer low. Chat won't lie those what optimism with good news will lie kids
Anyhow, MRCB chart seems very pathetic downtrend... but if y'all check the volume... .... Ok thts it for today guys happy trading, I am 18yrs old! Some call me idiot...so I dumb dumb only, if I lose the sell Lo, or put inside fridge Lo... Fcare.
Trendd you have been advocating breaking RM1 since 3 weeks ago. Are you looking into buying MRCB if it breaks below RM1 or you just call for fun and not planning to buy? If you plan to buy, then what makes you to buy MRCB below RM1?
MRCB - Sells Kia Peng Land - HLBank Research Highlights | I3investormartinbartesque
HLBank Research Highlightsclick to expand contents
MRCB - Sells Kia Peng Land
Author: HLInvest Publish date: Tue, 20 Mar 2018, 02:44 PM
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NewsMRCB announced that it has entered into a Sale and Purchase agreement with PERKESO for the former to dispose a parcel of land (1.866 acres) to the latter for RM323m.CommentsGain on disposal. To recap, the said land was previously acquired by MRCB in April 2015 for RM267m. The audited net book value of the land (as at end FY16) stood at RM269m. As such, the disposal is expected to net a gain of RM54m for MRCB.Further reduction to net gearing . Following the completion of its 1-for-1 rights issue, MRCB’s net gearing was reduced from 114% in 3Q17 to 54% in 4Q17. With the completion of the Kia Peng land sale, we estimate proforma net gearing to be further lowered to 47%.Potential to turn net cash . Management previously shared several other de-gearing initiatives such as (i) subscription of EPF to the Bukit Jalil project; (ii) disposal of EDL; (iii) disposal of Ascott; and (iv) disposal of Menara Celcom. Should all of these measures come to fruition, MRCB’s balance sheet will move into a net cash position.RisksVolatile core earnings delivery from quarter to quarter.ForecastsUnchanged as the gain on disposal would be treated as a non-core item.Rating
Maintain BUY, TP: RM1.31
Given its healthier balance sheet post rights issue, we reckon that MRCB is now in a much better position to execute its various catalytic projects. The disposal of EDL should serve as a near term catalyst.ValuationOur SOP based TP of RM1.31 is unchanged.
Source: Hong Leong Investment Bank Research - 20 Mar 2018
just a wild guess....MRCB is working hard to sell off all the building and asset to reduce debt.....to reduce bank loan and interest....perhaps they are aiming for something bigger, they need to make their position better with less debt or more free cash to run the future....
Either they will get big project such as Bandar Malaysia or HSR...and government choose to close down EDL highway which also owned by MRCB...funds transfer internally....
RM60 million values of MRCB shares traded for the last 5 trading days and its closing hovers between 1.0- 1.01. Is there any trend on this? This is actual volume and closing price.
All are guessing n giving positive input on MRCB stock for the past few month n yet still price moving down. If believe in this stock, just buy and keep. Don't keep guessing n promoting unless u have the bullet to shoot the stock up.
Hi kids, know how to read? Keep saying edl. Nah just started negotiations, long way to go... Don't always dream! Now election you think government will compensate a lot? Opposition already being out issue in Parliament for more than 3 times... Keep dreaming guys
The saying goes when human get too optimistic the way he see thing, hear thing dream thing all positive. If Mrcb will go like clowns or what Luke mentioned, then it should be at least 1.5 not day day lower low... Dude, this selling force will not end so soon so only buy at 0.5. Welcome Mrcb to penny world
http://www.klsescreener.com/v2/news/view/355947 I rub my eyes to make sure I did not read wrongly, I check my dictionary to make sure I am fully understand. This news is no different from what we know what?? So??? Thts the main reason for Mrcb to be down to .5? Hmmmm... Alright you don't like listening about EDL is fine. Let's talk history!
Remember the last RI issue? What's the price? =.79!! Who's the biggest shareholder?? EPF... What's their cost then ?? Say they bought MRCB the most at 1.2+ .79 divided by is ??= .995 simple as that .... So guys buy and wait ya hahaha EDL is on the go Trend has just released a gd news. And project coming... Downtrend risk is low... Uptrend room is big... Hahaha I am 18yrs old I am a kid!!! Risk the risk to lose your stamping fee brokerage for great fortune!!! Woohoooo!! I am young I am healthy ... I never use guessing to invest... calculation your risk guys. Do more research, however shit does happen... Though not any master of critics here have foresee it yet... Not trend not Joey no one. You guys not convincing, please try harder and I will always leave my ear open and be ready to cut loss and sell.
By the way, the fair value I believe for MRCB without any news should be around 1.07~1.09 without any positive news... I also wonder why it stay at rm1 for this long... Hmmmm
Trendd did not state his position well. At first said 0.88, then these two days said below rm1 and now said 0.5. next, he did not state whether he going to buy in if mrcb dip below rm1. What s the point to set a TP if there s no action on it?
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....
Happy Trader
2,406 posts
Posted by Happy Trader > 2018-03-20 11:57 | Report Abuse
It is very bearish for a stock to drop more than 7 days. If 12 days above really jialat. No need to see...
Those call buy person where r u all ?