Posted by multi530 > 2019-05-01 19:05 | Report Abuse

turn from red to blue

Posted by TA_trader > 2019-05-01 21:54 | Report Abuse

multi...im confused? 3,000 million = 3 billion or 3 million?

Posted by firehawk > 2019-05-02 09:05 | Report Abuse

2.8 billion?

Posted by firehawk > 2019-05-02 09:19 | Report Abuse

kkb should sell it earlier, now brexit .... price could be not as high as before :-(

Posted by multi530 > 2019-05-02 11:15 | Report Abuse

I am rounding 2,885,000,000 to 3,000 million. sorry for confusing..

Posted by multi530 > 2019-05-02 11:16 | Report Abuse

3,000 m = 3 billian

Posted by kasinathan > 2019-05-02 11:39 | Report Abuse

The important is positive NTA that already taken well of the accumulated loss.

For MUI case, if they managed to sell off Corus hotel in London, the disposal value can be exceeded the entire market cap of MUI.

Good things in MUI is just beginning to rediscover!!

RM0. 25 is coming

Posted by BlurNewbie > 2019-05-02 12:11 | Report Abuse

SELL!!!!

Posted by 4444 > 2019-05-02 20:06 | Report Abuse

Sell hotel for Khoo Kay Peng divorce settlement? Run asap.

Posted by InvestsucessTrader > 2019-05-02 21:05 | Report Abuse

So old already now still want to divorce, because of money.

Posted by klse1997 > 2019-05-03 12:00 | Report Abuse

Buy on rumours... sell on news

Posted by firehawk > 2019-05-06 16:12 | Report Abuse

very strong support @0.18

Posted by firehawk > 2019-05-06 16:41 | Report Abuse

if successfully sell Corus Hyde Park, NTA probably will jump from 17sen to more than 40sen and possible special dividend ......

Posted by Terry Ong > 2019-05-06 17:48 | Report Abuse

Selling corus hyde park for 180k pounds only ? Cant be

Posted by Terry Ong > 2019-05-06 17:50 | Report Abuse

That's less than 1mil rm. Ridiculous

Posted by k3nthiew > 2019-05-08 08:57 | Report Abuse

According to Focus interview with Andrew, i smell something good will happen in another few more months...

Posted by firehawk > 2019-05-08 09:44 | Report Abuse

1mil rm? ha ha ha! should be 1b, right?

Posted by k3nthiew > 2019-05-10 10:19 | Report Abuse

Insider accumulating now at 18, 185... show may start soon...

Posted by k3nthiew > 2019-05-10 11:11 | Report Abuse

Mui may announce further news on Corus Hyde Park very soon...

Posted by k3nthiew > 2019-05-14 15:00 | Report Abuse

Good support at 0.18

Posted by Green_Party > 2019-05-14 17:17 | Report Abuse

Had dinner with some analyst friends from banks. This topic about MUI disposing the profit making Corus Hyde Park pop out and coincidently one of the analysts just done an analysis on this.

Planned selling price: GBP200mil @ RM1 billion

This analyst friend says based on the facts gathered, MUI Group is currently servicing around RM850mil to RM900mil bank loan. And half of the loan(around RM450mil) is taken by Corus Hype Park. If this disposal is successful, then the RM1 billion cash will be left RM550mil. And of the balance of cash (RM550mil) is also expected to be used to pare down remaining bank loan in order to lower down the existing finance cost.

Special dividend maybe declared as rumored. It may likely that this special dividend declaration is to help senior khoo to pare down his existing high personal loan with a local bank.

Some cash also may likely need to be channelled into its existing which is bleeding badly (e.g. metrojaya, etc) or cash tight (e.g. Local Corus, etc)

After all these, not much cash should be left. The group is talking about lifestyle business. How good will be lifestyle biz in the next 3 to 5 years considering the Malaysian economic situation to allow consumers too spend on lifestyle. Can these lifestyle biz fill up the profit vacuum left by Corus Hyde Park?

So, the question, what will actually happen to stock price then? Will it be a sustaining price? Let’s wait and see.

Posted by k3nthiew > 2019-05-15 12:25 | Report Abuse

I will look at mui from assets angle...Andrew has ambitious for Mui to be an asset light company... they may put up others asset like ampang properties and springhill lands for sale

Posted by k3nthiew > 2019-05-15 14:06 | Report Abuse

Insider Buying... maybe Corus Hyde Park found buyer

Posted by firehawk > 2019-05-15 14:43 | Report Abuse

0.20 +8.1% :-)

Posted by k3nthiew > 2019-05-23 15:08 | Report Abuse

https://www.edgeprop.my/content/1535766/mui-heir-sell-corus-hotel-hyde-park-part-turnaround-effort

“We appointed Rothschild as we wanted to do a proper exercise in which we could the derive the actual market value for the asset and realise the best possible price,” Khoo said.

He also revealed to the weekly that before Rothschild’s appointment, MUI “received an offer of slightly more than £200 million (RM1.07 billion) from an interested party”.

“It’s been more than a year since I took over, and my father has left [the group] in my hands to help drive the business in a new direction,” Khoo said.

“From my perspective, I need to look at the group on a holistic level. When we unlock an asset [of this magnitude] we can reinvest in other [ventures]. The ultimate purpose is to drive further value for our stakeholders.”

According to the business publication’s report, MUI is open to sale options: “whether an outright sale, or a sale and potential leaseback in which the management of the hotel is still retained” by the group.

“At this stage, it is still too early to say, but we are looking at identifying a buyer within the next three to four months. Since the appointment of Rothschild two weeks ago, there has already been some interest expressed,” Khoo explained.

Posted by k3nthiew > 2019-05-23 15:25 | Report Abuse

Rm1.07 billion sale, Rm800 million disposal gain, 27 sen eps... in another few months

Posted by Eric6790 > 2019-05-24 16:56 | Report Abuse

calvin,u promote ASB, any good or insider news coming?

Posted by calvintaneng > 2019-05-24 18:20 | Report Abuse

Eric
I think you just go to Asb forum and read up my posts there

Posted by abdulkamal > 2019-05-29 07:14 | Report Abuse

Understand from my contacts in UK, as potential buyers are aware that it has now reached a very desperate stage to offload the hotel, they are now pressing the price down to take advantage of the situation.

Posted by Kennong > 2019-05-29 07:48 | Report Abuse

Considering the fact that the bank owing are so sky high, after paying off some of the repayments pressured by the banks and coupled with potential dividends payout due to “certain specific reasons” as speculated, how much would be left to be re-invested back to the business? On a larger context, from its annual report, noted that this hotel is one of the very few profitable businesses the group has, what could immediately fill up this profitability gap after its disposal if it does take place?

Posted by Eric6790 > 2019-05-30 20:02 | Report Abuse

no hope la even his son take over,

Posted by chamlo > 2019-05-30 22:45 | Report Abuse

Loss QR 19.5? Only got con people goreng MUI.

Posted by golfstick > 2019-05-31 08:17 | Report Abuse

If continue so, no hope. After paying off some of the bank owings, the balance of owings are still very high. Selling of asset is only to repay bank owings to stay afloat. Even venture into lifestyle biz also no hope. No point having such a big group of companies when most of them are bleeding badly. Better bite the bullet, divest those bleeding business, slim down the group into a much smaller group. Focus the available resources in those few profitable business.

Posted by Karlos > 2019-05-31 09:12 | Report Abuse

I fully agree with golfstick. Why MUI still want to continue with so called lifestyle biz? In UK and here too we see company closing down retail shops and department stores. It is not a growth biz. Neither MUI has skill and competitive advantage running hotels.

Posted by TrumpUSA > 2019-05-31 10:52 | Report Abuse

Wao ! MUIIND share price up now even report quarter result loss. Maybe its london corus hotel found a buyer. If hotel able sell at price rm 2 bil, Muiind share price can hit 30sen easily.

Posted by k3nthiew > 2019-05-31 11:02 | Report Abuse

Corus Hyde Park selling price 1100mil; 500mil to repay debts, 300 mil for dividend (10 sen) and 300mil for capex and opex.

Posted by Alipapapa > 2019-05-31 12:24 | Report Abuse

Muiind going to made good announcement, selling London Corus Hotel at RM1.1 Billion.

Posted by Alipapapa > 2019-05-31 12:26 | Report Abuse

Muiind made pay special dividend 10sen per share. Deal will announce very soon.

Posted by birkincollector > 2019-05-31 12:31 | Report Abuse

why bad results price up??

Posted by calvintaneng > 2019-05-31 12:44 | Report Abuse

Alipapapa so clever ?

Better lie low

Mui Group will announce officially if got special dividend.

Management will do it by law and order.

Don't you guys know CEO Andrew Khoo is a lawyer by training?

Posted by calvintaneng > 2019-05-31 12:51 | Report Abuse

Mui is what?

Multiple

Upside

Indicator

What is the indicator?

Of course by now Every Tom, Dick and Harry also knows

Corus Hotel Hyde Park London with over 380 rooms

A whopping Rm1 Billions!!!

How come?

Mr Market only read that Mui Bhd NTA is only 15 sen?

Wahaha!!!


Mui assets if revalued will be

6x
7x
8x

Or 10x

So real NTA should be 50 sen?

75 sen?

Rm1.00?

Or Rm1.50?

Is Mui Bhd worth Rm1.50 then

HOHOHO!!!

Posted by Seek > 2019-05-31 12:54 | Report Abuse

Good one Calvin . Andrew many times mentioned about taking care of stakeholders. Watching him whether his actions keep up to his words.

Posted by Seek > 2019-05-31 12:56 | Report Abuse

Trust deficit all these years when the old man running down the co!

Posted by Oleman > 2019-05-31 13:50 | Report Abuse

MUI will hit 30sen this afternoon?

Posted by Oleman > 2019-05-31 14:21 | Report Abuse

MUI so strong, confirm got good news. I will buy when market open, sell at 30sen.

Posted by Oleman > 2019-05-31 14:55 | Report Abuse

MUI 21sen can buy ?

Posted by k3nthiew > 2019-05-31 15:16 | Report Abuse

The boy and the wolf story.... after few times tat the market got cheated by KKP, they loss confidence about MUI selling Corus Hyde Park and turnaround story. But looking to the way Andrew doing deal and his execution, i think is very likely tat Corus Hyde Park to be sold and greater prospect is ahead for MUI. I think he is a fair guy and willing to listen to minority, working hard to turnaround MUI to former glory. I am positive with him and think special dividend is expected...

Posted by k3nthiew > 2019-05-31 16:05 | Report Abuse

The wolf is coming!!

Posted by calvintaneng > 2019-05-31 21:19 | Report Abuse

Wolf coming sounds not so nice

Just say

A cash windfall coming

Posted by chinaman > 2019-06-01 12:39 | Report Abuse

Metrojaya, 2nd floor at Mid-Valley- selling some sort old primitive antiques from Thailand at thousands. If china dynasty antiques, may have some interest. Why Metrojaya sell all these rubbish? wakaka...anyway, I'm still holding tight this Ah Moi...wakaka