This stock will shoot above 30sen eventually. The current rally & the meltdown was part of their game plan to make people sell and shake those weak holders. Everyone knows that it worth more than 40 sen. so even without this "short term passive investor", Mui Ind will go up above 30 sen 1 day. Just a matter of time
I like this counter but already sold since that silly announcement the other day. Have to face the fact that there are a lot of asset rich companies that are cash flow poor and still waiting for a real catalyst to unlock the value of this company.
When there is no story, some people dont mind still holding undervalued companies but once you feed people with a story and take it away, you take away hope and sentiment.
From the drop in volume since, it would appear game is over for now until later if price drops back to 16-18 cents.
I do study on a few companies recently, found out that actually its not very few companies with asset rich, if u wanna buy based on this then s lot choices for us.
My conclusion is that buy decision based on how much cash the company can generate quarter by quarter and willing to share its profits
All 3 of them Will Only Come Down no more Up Trend unless there is New Fresh Good News, so for those who want to Sell better do it sooner rather than later.
For those Strong Holder and Cash Rich like me just waiting to buy over your Weaknesses...
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MUI reached RM0.50 about 10 years ago while hotel group was still under going rationalization exercise and bringing Metrojaya under its wing..Today it is in a stronger foothold to surpass its 10 years peak...
Sure 1 sell , 1 never sell , surely got something, AFTER all this 1 fellow making all the way to media, that I until Now still, don”t understand , Why this fellow need to tell media , only 1 thing I believe buying more after people throw their Share, so they Can buy cheap....
If to talk about conspiracy, never ending justifications on drop and up of share prices, finally u never over play the player, but u can always buy at low peice
Just q at low and wait player come across this point before he plays it for real
The truth is I doubt there is a takeover or anything. If its a real threat, KKP will definitely defend as his share price which is at the all time low and he has the financial capability. The reason he doesnt give a hoot about the rest of us is coz he and his proxies control a sufficiently big block.
If he was selling, do you think he will let the new shareholder buy at this price in the open market ? I would quickly push up my own share our start making revaluation calls.
I think its the syndicate that is taking advantage of circumstances and yes I also agree that TS Wong did not have to make that silly announcement and question the motive behind it.
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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....
Seek
446 posts
Posted by Seek > 2017-11-14 23:07 | Report Abuse
Bargain price this Mui n Duta . Start collecting soon.