Price does not determine value. But Value determines price.
However, since things are not clear unless you do a deeper study and have a better understanding of a thing. Only then you will know its true value.
Say, you caught a fish. Now all are happy. Guess how much is it weigh? By sight it could be 2 kg? 3 kg? 5? or 10 kg. How do you determine its weigh?
The weighing machine, Of Course! It shows 5 kg. 5 kg - That's it. There is no more dispute!
However, the value of a Company is not so clear cut. You need to go see KcChongNz to get a valuation. However, even KCChongNz can only Value that which is known & disclosed as facts and figures. Beyond that Only The Insiders privy to hidden facts will know.
No one in the whole world will know that PM Corp own the Laura South American Franchise. Unless you hear it announced over PM Corp's AGM by ex CFO.
The Market has always been wrong most of the time. Even the media also wrong. And the Media do lead many people astray.
One is perception of value. One is True Value.
Let's take a simple illustration
3 small boxes. Concealed in these 3 small boxes are
1) 1 Kg of Gold
2) 1 Kg of Silver
3) 1 Kg of Sand
Now this is how Market behave without knowing its true contents. All starts trading..
Bursting on the scene we noticed that all trade at same price of 70 cents.
Now the Price of All 3 stocks were once around 70 cents
1) Pintaras Jaya
2) Protasco
3) Prinsiptek
As time went on value emerges. Pintaras Jaya went up to RM7.00 & split
Protasco crossed RM1,50
Prinsiptek languished at 33 cents.
But at one point in time the market gave the same value for PTaras & Prinsiptek! Both at 70 cents
But time has revealed that PTaras has gone up 1,000% while Prinsiptek has fallen by 50%
So the share market in a short time is a voting machine BUT OVER A LONGER TIME THE STOCK MARKET TURNS INTO A WEIGHING MACHINE.
What About MUI Bhd. If so good, why KKP didn't buy more? He bought and bought both MUI, MUI PROP & PM Corp. But price is not determined by KKP. The Market does. And the Market was Wrong!
Not so long ago Kkp sold continental insurance, then he sold Pmi building, then he sold a Pmcorp asset in spore, then Pmcap got delisted, then Pmi got delisted, then he sold Pmh to Dr Yu n now news of him liquading his cos n assets filled the air!
Offer right, Kkp will sell. Look at Mui announcement on the sale of Pmh how the sale price was calculated.
Study diligently the co u r buying because lose or gain its your money.
Yes, in spite and despite of all MUI Problems, MP Corp Problems & BJ Corp's problems & Mulpha's Problems Calvin Tan Research take a long term VALUE APPROACH TO ALL (see www.jbhouseforsale.com)
Let's take 2 examples
One box with a kg of sand. Now on sale or traded in Bursa. Over a course of 1 year to 10 years - the traded price could be 0.5 cents to RM1.00
At the end of the end game what is the actual value of a kg of sand?
Think of Patimas, Megan Media, Saag & Transmile?. Not even worth 1 cent by now.
Then look at a kg of pure 99% gold.
Over a course of time it could be traded at 0.5 cents to RM1.00
Now those who think it's worth nothing will sell it for 0.5 cents. Those who value it more might give a RM1.00 price. Now What is the Real Value of a kg gold? Go and check it out.
Price is given by the total consensus of men. It is not static nor constant. Over a year's time price could fluctuate anywhere between 20% to even 100%.
But Value is consistent and constant. So I seek VALUE ABOVE ALL ELSE.
VALUE! VALUE! & VALUE IS THE WAY TO SAFE, SECURED LONG TERM INVESTMENTS
If all assets in MUI were to be fully revalued, NTA will shoot from 26s to easily over RM1.00. Don't forget PAR value is also RM1.00 compared to PMCORP 40s.
The Bible says, "Ever learning and not able to come to the knowledge of the truth". MUI's Value Is Like This
Suppose MUI Bhd is a Sugar Can Store On The Roadside Selling Sugar Cane Juice.
And sales have been poor due to rainy season with floods. Now suppose the owner of the makeshift sugar cane store decides to call it a day and sell off his store and remaining stock of sugar canes. How much do they worth. Not much? Some stalks of sugar canes and the sugar cane grinding machine. But wait a minute! Take another look!
Surprise! The Machine that was used to grind the sugar cane for its juice is made of 100% platinum! And all the Makeshift Stuff also Made of Platinum!
WOW! The Guy is Very Rich. Why Sell Sugar Cane Juice For A Pittance!
PLATINUM IS MORE EXPENSIVE THAN GOLD!
HE IS RICH! RICH BEYOND HIS WILDEST DREAMS!
Now The BULK OF MUI BERHAD ASSETS ARE NOT IN MALAYSIA - THEY ARE ALL IN THE UK.
After KKP Sold Off MUI Bank He Invested The Bulk of The Monies in 10 UK Hotels & 2 Restaurants. All these are stated at Cost of Purchase without revaluation after these many decades!
Last Year Alone in London Property Prices SURGED BY 20%!!
And With the Fall of Ringgit Against the pound from RM4.00 to RM5.40 - MUI BERHAD WILL GET EVEN BETTER VALUE IF ASSETS ARE DISPOSED AND CONVERTED BACK TO RINGGIT!
Is MUI Bhd worth 32 cents? Or 50 cents? Or RM1.00 Or RM1.50 Or More Than That?
I swap from PMHolding to PMCorp & now PMCorp to Mui...I believe these 3 counter will above RM0.50 very soon...but Mui is a safer bet for now...other than Mui, My holding on Seacera, Zelan, AWC, Bornoil & efficen
Please go to MP Corp thread to see what the Singa con has said there. All properties revaluation talk is merely talk unless the said properties already found buyers and sold.
Hi Calvin Tan, I'm new here and totally agree that MUI is under value.
Below new publish on 26 Nov 2014 by Star;
PETALING JAYA: Malayan United Industries Bhd (MUI) is exploring the possibility of disposing of certain “substantial” assets and is currently in talks with a potential buyer.
The announcement by the company confirms a StarBiz report last Friday that MUI is looking at a restructuring that involves the assets of the company.
MUI is an international investment holding company run by tycoon Tan Sri Khoo Kay Peng.
MUI said in a filing with Bursa Malaysia yesterday that the company, which was currently in “serious discussions” with a potential party, would make full disclosure of the transaction once an agreement had been reached.
“The company is engaged in serious discussions with a potential party to explore the possibilities of disposing of certain substantial assets of the company in order to realise their value,” it said.
“The company wishes to remind its shareholders that there is no certainty as to the outcome of the discussions,” it added.
A UK property news website had reported earlier that the freehold Corus Hotel in Hyde Park, London, which is owned by MUI, was up for sale.
It said MUI had appointed Debutesq Group to sell its crown jewel, the four-star hotel at Lancaster Gate, London, for a whopping £200mil (RM1.05bil).
It added that MUI bought the Corus Hotel Hyde Park in 1997 for £44mil (RM232mil).
However, MUI had denied the report.
MUI, which has been suspended since Nov 20, would resume trading today.
In a separate filing with Bursa Malaysia, MUI reported a net loss of RM2.31mil for its third quarter ended Sept 30, from a net profit of RM15.92mil in the previous corresponding quarter due to higher exceptional loss arising from foreign currency translations and provision for legal claim.
Its revenue for the quarter fell 7.5% to RM150.76mil from RM162.95mil previously.
For the nine-month period, MUI posted a net loss of RM3.08mil versus a net profit RM17.31mil a year earlier.
Revenue for the period shrank to RM441.19mil from RM470.25mil in the previous corresponding period last year.
MUI said it recorded a higher profit last year for the nine-month period due to a one-off gain of RM21.5mil on disposal of leasehold property.
Moving forward, MUI said it would continue to assess potential investment opportunities to enhance shareholder value.
“In view of weaker performance amidst the challenging environment in which it operates, the group is cautiously optimistic of the performance for the financial year ending Dec 31, 2014,” it said.
According to MUI’s annual report, the group owns and operates nine hotels and two restaurants in the United Kingdom and two hotels in Malaysia, most of which are operated under the “Corus” brand. The UK Corus Hotels group also manages a hotel for Laura Ashley Holdings Plc.
Its other business segments include a retail division comprising Laura Ashley and Metrojaya Bhd, as well as food, property and financial services divisions.
MUI shares were last traded at 23 sen before they were suspended, giving it a market capitalisation of RM674.5mil.
2015 a year for penny stocks ! now Calvin Tan become LEGEND loh.. all his effort paid off.. MUIIND now becomes kegilaan para remaja masakini lah bang oi! hihihihiihihhiih
Posted by ickywin > Jan 3, 2015 10:58 PM | Report Abuse
In this case AyamTua. What is your stock pick for 2015.
My Official Statement - hunt for consumers stocks, gst related stocks - if lazy follow KCCHONGNZ, CALVIN TAN, OTB, LENO .. good foothold
currently want fun and entertaiment? CME, GLOTEC, PWORTH , ESCERAM, SEACERA, AAX, EAH put enough - hope still there 2015 penny stock time! ... you know what to do after that lah ... whole ideas is be prudent and vigilant dont listen even to me...........
2015 investing style? look long term/short term perspective.. if good hold.. not good.. find others loh... as long you make money.... that whats matter and always PAY YOUR HUTANG FIRST...use spare money to play stock... no matter how good stock or news.. never believe ........ be judgemental ...... but dont be too rigid.... be flexible.......... ok ...... in 2015... options will be limited to some but not to others ... be REALISTIC at the same time watch for POSSIBILITIES...
to me.. stock is slow.. now mostly spend time in FOREX.. kikikiki
All the best to your investment AyamTua. The reason I have share the information and agree with Calvin is bcoz my own analysis is similar with him. Anyway, I prefer my own analysis and study each company financial status b4 investing in it. My long term investment. :)
bro... all the best to you too! ... remember when you make money? compound all your winnings.... keep 10% aside all winnings.. remember
stocks, cfd, forex etc even jual periuk... as long money... keep aside 10% ... compouding effect ok? you be happy that way ... like i said as long you made some.... it's ok to keep money aside but keep on moving forward...
all the best bro.. God bless you and your investment........
happy 2015!
Posted by ickywin > Jan 3, 2015 11:08 PM | Report Abuse
All the best to your investment AyamTua. The reason I have share the information and agree with Calvin is bcoz my own analysis is similar with him. Anyway, I prefer my own analysis and study each company financial status b4 investing in it. My long term investment. :)
As a group with Johor Buddies Yes. But some of us have diversified to BJ Corp as we expect its time has also come for year 2015.
In 2014 I kept telling people that 2014 belongs to MUI Group and although delayed till 2015 it performed as we expected.
Now is an exciting time to watch MUI Group unfold all its Highly Hidden Assets of High Value. So we expect even higher prices for Mui Group shares the year of 2015 unfold.
Cheers!
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
juinming0304
1,161 posts
Posted by juinming0304 > 2015-01-02 10:46 | Report Abuse
human being tends to change beyond resonable and doubt.. when reach old age 80, all unthinkable is prevailed...