Mulpha is a stock of thematic play. This is one of the best value penny stock with good assets in Australia, Hong Kong and Malaysia. This is the stock you can "buy low sell high" and it has happened many times in the past and will happen again. I am quite certain one can easily reap 50% to 100% capital gain when the next rally arrives. Patience is the key to unlock profits of MULPHA.
This is one of the reason i said the management may be a little inexperienced in getting the counter going. If they rely only on buybacks to spur the price, its a slow and tedious process. and you could miss a few rallies and bears along the way. Most economist has this problem. see : http://www.businessweek.com/video#video=owODN2NDokIzkc10LxaVO6MOPWeRQ2Ud
They must have a mix bag of announcement always for shareholders if their stock is cyclical.
announce 1:5 may be one way, and then buyback when appropriate time hits low market. Unless they retire the treasury stocks or issue them as bonus, the market gets nowhere with this counter.
hi probably run by a team of accountants after the last fiasco. mati mati also safety and boredom first. That's their inherited nature!
capital deployment, bonus issues, dividend, investments are some of the tools they can use, but they are refusing steadfastly to move to the tune of market expectation. Probably just satisfied and surviving on the income from Australia, HK and Mudajaya.
I think should put a new team in place. The last exasperation of the Chairman is not warranted if they do not understand how to play the market.
Young chap la the chairman... i think dunno how to play to the tune of the market! You need analysts coverage be it right or wrong, because they are the ones with the (clients') funds.
if the company's price is really 1/4 of its NTA, sure a lot of big companies will buy in this counter in the open market at the current price. why you don't see any? something fishy..
Just reported a lousy quarterly result. Maybe it's really time to dump this stupid stock. Been holding for more than 1 1/2 years with heavy paper loss!
Ashrizal1, my sis in law holds this stock. I am just upset on her behalf what this useless management does! I told her to wait this the results from Australia and then dump it! Bear in mind I didn't read the Q report yet, so dunno if this is the one with the Australian report but I doubt so!
maybe this also oportunity, after reported of heavy lost the price will start downtrend right. if the Fundamental of Mulpha still strong its must be good to buy it later at more discounted price.
Don't give up on Mulpha yet. One buys this stock for its valuable assets in Australia, Hong Kong and Malaysia and not for its earning. The company will buy back its own share when it dips below 40 sen. I have seen this counter fluctuating between 35 sen to RM2 several times for the last ten over years. I believe one can make some money if one has patience and holding power.
1) We should buy company based on its earning and asset; not on asset only. There are plenty of companies inherit with both criteria. Example Daiman Development. The NTA will be RM15/share it allow to do valuation on its landbank bought 1980 located in Seri Iskandar Region(property sector can't revalue its asset without development).
So, don't wasting times on Mulpha. Bring you nowhere!
Kasi turun is absolute correct. Incompetent management won't be able to uncover the hidden Gem. The story of Daiman is in line with Kasi Turun. Respect, respect and respect.
Listed in 1990s at rm2.65/share....tidur until 2012 at price below rm2.00.
From my perspective, the company is with real NTA rm15 (although reported approx at RM 5++), with the development of Seri Iskandar region, no reason for the managment to remain apathy and inaction.
If i were their MD, perhaps the Daiman has oledi touching rm7.00, the most expensive property stock in bursa! Unfortunate, i'm not! So, syok sendirilor.hehehehe
That's the reason i accumulate BJ Corp. The misai kuching won't allow this happen. The best thing anak misai kuching is aimed big when he taken over from his father. He had made public announcement on the return on capital being chosen by him to measure his performance.
The sum is bigger than its part. Competent management knows how to uncover. I knows the business of BJ corp as well as insider.
doesn't this sound fishie when disposed off a subsidiary company worth at least RM30 million only at RM1 million wonder why is that transaction was win-win deal or maybe conflict of interest exist.
Try not to sell 44 sen , I got news from stock analyst said that will go to 82 sen . But just a speculate . It's up to ur call. Ytd volume quite high ....
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....
bigyellow
254 posts
Posted by bigyellow > 2012-07-26 23:05 | Report Abuse
no worry..up trend mode..