Calvin, Pmcorp sold pmh shares can get 9.9 million cash. Hope they sell the penthouse too to raise cash n then should start paying the shareholders. Hoping only!
Dow crashed 300 over points, oil broke $58 barrier. This monday another blood bath for Bursa. But any weakness for Mui Bhd is a sure buy. Selling Pm Holdings is only the first dish of peanuts. The main course will be 1) 11 Corus Hotels 2) Mui Prop Shares 3) SUPER PRIME LANDS IN KL PETRONAS TWIN TOWER VICINITY 4) Over 400 Laura Ashley stores worldwide 5) Metrojaya Stores 6) Many other assets at Ocean Bottom Value
Mui Bhd also own 70% Pm Corp shares.
Total estimated value if all sold and cashed out Mui Bhd is worth over rm1 in Net Net Cash position!
The Last Annual Report for PM Capital was issued in year 2012. About 35% or More of PM Capital is owned by PM Holdings
PM Corp through its subsidiary Gelombang Sinar own 4.6%. If Dr Yu wants to take over PM Captical he has to make offer to PM Corp & all the other shareholders privately since PM Cap is now delisted.
Bull13, any info about Dr private business? I notice I thing. Aberdeen is in Ynh, Shangrila n dr is also in. Aberdeen has billions invested in klse. If a portion of trade of Aberdeen is brought to Pm sec n together with Dr's dealing, I think PMsec can double their revenue easily. Just my thots only!
Knowing Dr's interest in Hlcap, Shangrila , synergy n now Pmh, he must have done a thorough check on this co! His track record is great, having take on the likes of Quek of Hong Leong n coming out top speak volume of this man!
The odd of dr doing well is bright n hopefully in the end he brings smile to the suffering shareholders(minority) of Mui group of co!! To b able to get a deal from KKP is itself a great achievement! Hope after this comes Pmcorp !
The word "CRISIS" In chinese is a compound of 2 words
Ngai - Danger
Kay - Opportunity
There is Opportunity in Times of Danger or "CRISIS" like now.
This Crisis in MUI Group is Also An Opportunity to Buy Cheap Shares Which Will Make Lots of Money When MUI Group Continue to Unlock & Dispose Valuable Assets for Cash.
1) Keep all Cash in banks, Please keep only rm200k in each bank. Above that not insured, so keep in different banks, Still got extra? Then open safe deposit box and keep your cash there,
2) Go buy under value shares that benefit from oil price crash
The divorce pay out to Pauline will force the hands of KKP to sell more and more shares (listed & unlisted) & assets to unlock CASH. As a consequence the Investing Public Will Finally Sit Up & Take Notice of MUI Bhd
Expect WHOA!! & Words of Awe From All!
Then MUI Bhd Price Will Be Chased Up Higher & Higher!
How High?
It depends on the timing and mood of the market in the process of News Unfolding
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
55,150 posts
Posted by calvintaneng > 2014-12-11 16:28 | Report Abuse
GO GO POWER RANGER!
AFTER BJ CORP MUI BERHAD HAS THE MOST UNDERVALUED OF ALL KLSE SHARES!