Mulpha had buy back share totaling amount of 218million share approx 9.3% of total share issued... What its purpose to buy back share @ such huge volume.. And i notice it this company has started buy back since Dec 2010.....anybody can share view..
anyway privatization is just my guess only. The company may thinks that the current price does not reflect the true value of the company or that they may want to stabilize the price. No one knows what is the real purpose.
Chairman of Mulpha also director of sung Hung Kai, giant developer in HK charged with graft, better for them to take this counter and don't put all eggs in HK and they need new place to put money as cant operate like B4 in hk and china. SHK also joint developer of Ion mall at Orchard
I have observed that ... The buying back share start ON Dec 2010.... Making loss report also started that time too... Maybe its part of the plan... When buyback reach 10% that ...is show time....
buying back share is part of the profit making ..... buying back for private placement and privatization purpose is healthy for the company...because with the buy back maximum 10% from total share ... the company able to make profit if there private placement... or taken private mulpha can save from paying extra for the 10% buy back share...
For long term buy, Mulpha Int carry lower risk. The company had share buyback in the last few years in the 40 sen range. Keep it and it should deliver.
dont hold your breath.....mulpha and management need a revamp ....remove family interest and all would be fine. lee ming tee has one son in allied and the other in mulpha. fantastic assets that dont deliver and why ? family interest is a stumbling block . have heard this familiar ring since 2005 and many are still waiting for deliverance ...keep hoping for crumbs which family interest dish out.
good assets , poor governance, poor results poor assets , good mgmt, ok results
unless family interest is removed mulpha will always be a load of rubbish
A very good potential stock to accumulate......if the company able to generate profit from their huge revenue.....it could easily reach rm1 in 2 years.........
Oriental's The busy Weekly reported Mulpha developing Johore Leisure Farm Resort.Its CEO said time is ripe for the development of LFR after 20 years of preparation....
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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....
asoh
815 posts
Posted by asoh > 2013-08-27 09:17 | Report Abuse
Another waiting day....