Calvin loves to aim big and he encourages others to be as greedy and end up as long term investors like him.
But he fails to understand that this company does not pay any dividend. So, he is in effect just holding a title(ie a shareholder) without compensatory income(ie dividend). Lol.
Mui got 1.8bln worth of assets now running on loss, expecting Mui to sell some assets Some become profit while some cash given to shareholders so then price may hit 30 n most us are exoecting this miracle to happen
A discerning investor would always weigh the cost and benefit of holding a counter. Cost alone, each year of holding cost would amount to a "conservative" estimate of 3.3% on bank interest foregone(opportunity cost). 10 years can be as much as 33% of capital outlay.
That's why it pays to be a short-term trader than a long term investor like Calvin for this stock. And the goreng master(ie the operator) has been doing this for years, to pump and dump in range-bound trading.
I do not see any change of trading pattern for now, until management can demonstrate to us their new growth initiatives and resolve.
Younger khoo is more investors sensitive. Investors friendly .Expect more assets selling . Those who still sitting on the fence , hope you won't miss the big wagon. This morning large volume will be nothing compared to afternoon session later...stay tuned
Every price rally is a good selling opportunity. Operator has been engaged in this tactic for years - buy low and sell high. If he adds up his profits over years, you will be surprised.
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John1234 is right.
One of them is TianTian Huat lor... much better compare to Selling Hotel lah... & if you use the same method on PMH you will be even more surprise as now PMH is half price of MUI lor...
ha ha ha huiii!!! huiii!!! huiii!!! ha ha ha huiii!!! huiii!!! huiii!!!
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hilmi
148 posts
Posted by hilmi > 2018-08-16 10:52 | Report Abuse
The two hotels have been sold long time ago. Somebody made some money out of the news including MYEG owner. You're late