When I bought Lafarge at 66 cts there were more sellers with even fewer buyers. . They Sold Down Lafarge in Blocks of 10 Millions, 20 Millions & 30 Millions (Lafarge then had 2.8 Billions in free float). If only they knew Lafarge will be a Blue Chip over RM10 one fine day!
Same goes for KPS when I bought from 50 cts to 42 cts. Mr. Market sold in panic to an all time low of 39 cts. One year later KPS SHOT UP 1,000% to RM3.94
BJ Corp Sold Down From RM2.20 to a single digit of 9 cts. Later went up 1,800% to RM1.80.
So Who Are Selling MULPHA? I think 3 Groups
1) Stale Bulls of yesteryears & Day Traders/Contra Players. Not Value Investors.
2) The Last Quarter Result for MULPHA was negative. And Few People Are Aware of The changing Fortune of Leisure Farm. So they will miss it.
3) The RM800 Debt and gearing. A cursory reading by Any Careless Stock Broker will show a RM800 Debt in Mulpha's A/C. If they pay closer attention'
They will see MULPHA Has RM500 in CASH RM800 Millions in Aveo Shares RM300 Millions in MUDAJAYA One Remisier with CFA in accountancy didn't even know that MULPHA owns MUDAJAYA. RM63 Millions in Mulpha Land Shares RM250 in Receivables
So MULPHA IS ACTUALLY CASH (CASH EQUIVALENT) POSITIVE with 52 Cts A Share.
Being Careless, Lazy & Listening to Wrong Advise Many will sell MULPHA like they Sold Lafarge at 66 cts, KPS at 39 cts & BJ Corp at 9 cts.
Regards,
Calvin Singapore
See You Ladies & Gentlemen. Going to Booming & Exciting Iskandar now.
Actually Calvin if you read the notes to Mulpha FY 2014 Q1 results, you will find that Mulpha Q1 results ACTUALLY posted a Condensed Net Profit of RM73million (Note : 1b) instead of the reported Loss of RM20million (Note : 1).
The NET Profit of RM73million is a the result of Gains from Foreign Currency Translation and also from gains on sale of Assets. The NTA of Mulpha increased from RM1.05 to RM1.11 !!! Happy Trading!!! You are on a winner.
could see a few buyers (422 lots) can't wait for 0.480, straight cancel the orders and go ahead to buy at 0.485, lazy to queue/wait anymore. Hard to get 0.480 now?
I just buy more when seeing this, increase my shares, and this MULPHA becomes my 2nd largest in portoflio...me like uchitech008 too, can't stop buying this.
ppginvest: The buyer -seller quote can be put in may be by the same group of people.That why they always say big roadblock at what price and what price! But if Q to sell,they will just 'eat ' you.That why it is better to Q at a lower price in the weak market,you still can get what you want.
ppginvest, ha ha, u r also so crazy about mulpha.... just now would like to place order @ 0.475, but this time wont be like last time one shot so many unis.
matched 200 lots @ 0.475. total 2500 lots holding. Am I crazy? Anyway, as I said before, just consider as buying a land in leisure farm and wait for its true value to be discovered.
yes uchitech, can be considered as buying leisure farm land at less than rm 5/sq ft, instead of rm 200/sq ft... thrown in is 20% of Mudajaya that will see a 70 mil/yr bottomline contribution from the new indian power venture. Not forgetting Aveo group that has been restructured & will contribute 15/mil 1h dividends to Mulpha & also the leisure assets in Australia. Calvin has unearthed a real gem..
Yesterday when Mulpha closed at 47.5 cts (same as today) I received a call from MayBank Senior Lady Officer. She said her Remisier from KN Kenanga called her to say that Mulpha has closed at 47.5 cts.
She already bought 120,000 shares at 43.5 cts. But she regretted not buying more as she was busy in Maybank HQ. She said when Mulpha was still at 44.5 cts I should have INSISTED AND REMINDED HER TO BUY MORE Or Else She Might Miss The Boat. She wanted at least 200,000 to 300,000 shares. So how?
I told to queue like this for this morning
1) Park 25,000 buy queue at 47.5 cts 2) Then 25,000 shares at 47 cts 3) And 25,000 shares at 46.5 cts. 4) Followed by another 25,000 shares at 46 cts.
This has been Calvin's Buying Pattern. No reckless chasing or Gap Up shares. But when she called her Stock Broker this morning she was told that she won't be able to get any at 47.5 cts. Only 48 cts are available. So she just bought 30,000 shares at 48 cts. She called and asked me whether she did a right thing to buy at 48 cts?
What to do. She desperately wanted to increase her holdings to at least 200,000 Mulpha shares.
Now she already has 120,000 shares before Mulpha was hot. Now she added 30,000 shares at 48 cts - totaling 150,000 shares. Still not satisfied and worried that Mulpha might run away.
Well, I told her to queue 25,000 shares at 47.5 cts and another 25,000 shares at 47 cts & keep her finger crossed. And she was fortunate to get another 25,000 shares at 47.5 cts near closing when Mulpha share price weakened.
Best advise would be this. Get these books and read carefully
1) THE INTELLIGENT INVESTOR By Benjamin Graham
2) ONE UP ON WALL STREET
3) BEATING THE STREET
2 & 3 By Peter Lynch
I am looking at these counters
1) MFCB - High NTA. P/E 7.5 In construction material like IPMUDA. Ipmuda has jumped up! MFCB is a laggard. Very safe and defensive with growth potential
2) KPSCB. See my write up there in KPSCB Forum site. High NTA. Director Kept on buying. All paper products like Muda, Ornapaper, Asia File, Master Pack Up. KPSCB is the laggard
3) NOTION V Tec. High NTA. Director quietly accumulating indicate better days ahead. Notion price has crashed because of one off fire incident.
Why MayBank Senior Officer Want To Buy More Mulpha Shares?
Well let me tell you her story.
OPCOM
When Opcom fell to 30 cts I told her to buy OPCOM because OPCOM was
1) Having High NTA. In this case 50 Cts CASH 2) OPCOM pays a 6 % dividend 3) Malaysia has less than 15% High Speed Broadband Coverage while HK & Korea have over 90% HSBB. So there is bright prospect for OPCOM
As it turned out TM alotted RM359 Miilions For Optic Fiber. OPCOM went Limit Up!
Then OPCOM declared a 22.5 Cts Special Dividend Windfall! She could hardly believe her eyes when she saw OPCOM giving RM225 a share for a Share She Bought for only 30 cts (RM300). At The News of 22.5 cts OPCOM went Limit Up A 2nd Time To Cross RM1.00!
Next year she received another Tax Free dividend of 10 cts. So by now Her OPCOM IS TOTALLY FREE
Why MayBank Senior Officer (CAC Hq) (Equivalent To Branch Manager) Want To Buy More Mulpha Shares
When we bought BJ Corp at 12,5 cts. She followed us a bit later - she bought BJ Corp at 13 cts to 13.5 cts. A bit more expensive than us at 12.5 cts.
When she asked us, "How high will BJ Corp rise up to?". We answered , "BJ Corp will rise from 13 cts to RM1.00"
At that she laughed and laughed in disbelief. As it turned even to our great surprise BJ Corp later rose up to RM1.00 & SHOT PAST RM1.00 to an all time high of RM1.80 (Up 1,800%!)
You see she bought at 13.5 cts when we bought at 12.5 cts. So she paid one cent more than us. But does it really matter. In The Unfolding Days Ahead BJ CORP ON SOME DAYS JUMPED UP 15 Cts. Yes, One Day In Bullish Time BJ Corp can jump 15 cts! More than our entry price at 12.5 cts or 13.5 cts.
Yes, Calvin i do appreciate. Yeah...Mulpha has been laying low for too long & now s time for it to reach for d stars & our time 'fatt Choy'.i bought another 50,000 @0.475
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....
AyamTua
13,598 posts
Posted by AyamTua > 2014-07-09 10:54 | Report Abuse
have faith in Mulpha
have faith in Calvin
really
kikiiiii