Fairfax AU media looks more interested to target non-executive chairman of Aveo, Lee with hidden motive of character assasination then the Aveo's EXECUTIVE CEO, Geoff Grady or the company itself. Fairfax NO mention Geoff as executive CEO at all-whom should be more accountable and defend hard company's image- but only deliberately highlight Lee on negative spot light. The blind also can see why. Aveo is just Mulpha's small 22% interest associate.
Mulpha actually not so bad with many quality assets in AU. But, somehow his boss's poor public relations cause investors avoid this counter. Look at Tony-Airasia; almost everyday got fantastic news to engage with media. Mulpha must learn from Tony master in public relations to build up his poor image and reputation at public.
this con man not adjust nta back to 9 ringgit . mean we kena con by 10 to 1. wrf this mf boss want to made his share price up to 2.20 with his shit only worth 20 sen. the stupid director must be laughing at us and making us look like idiot. how can they approve this stupid act. the director please go back to work as a security guard. you don't know how to do your job . i find any kid also better than you. because you have all the good property and assets but you waste all that. last time mulp share price very high you made it drop till 20sen . now you scare it drop lower than nexgram and tiger counters so you con our share become 10 times smaller then it can drop again . shit
this con man not adjust nta back to 9 ringgit . mean we kena con by 10 to 1. wrf this mf boss want to made his share price up to 2.20 with his shit only worth 20 sen. the stupid director must be laughing at us and making us look like idiot. how can they approve this stupid act. the director please go back to work as a security guard. you don't know how to do your job . i find any kid also better than you. because you have all the good property and assets but you waste all that. last time mulp share price very high you made it drop till 20sen . now you scare it drop lower than nexgram and tiger counters so you con our share become 10 times smaller then it can drop again . shit
Mulpha’s 22.6% stake in Aveo is valued at A$374.43mil (RM1.23bil), higher than its own RM719.14mil market capitalisation on Bursa Malaysia. Unlike Mulpha, Aveo appears to have a better following too. Six research houses covering the stock on the Australian Securities Exchange or ASX have “buy” calls, Bloomberg data shows. On the other hand, market observers say that Mulpha has not attracted much institutional interest mainly due to a lack of analyst coverage and low corporate visibility, coupled with volatile earnings. Lee, through the family’s privately held vehicles, controls a 44.96% stake in Mulpha – an investment holding company engaged in the property development and investment, hospitality, retirement and healthcare sectors in Malaysia, Singapore, China, Hong Kong and the United Kingdom, besides Australia. In Malaysia, the company is the developer of the 1,765-acre Leisure Farm in Iskandar Malaysia, Johor. Meanwhile, in the United Kingdom, it has a strategic investment in the London Marriott Hotel Grosvenor Square, which is located in London’s Mayfair district. Elsewhere, Mulpha also has a 19.84% stake in power, infrastructure and construction company Mudajaya Group Bhd. As at March 31, Mulpha’s net tangible assets stood at RM9.60, while its share price was RM2.19 at the close yesterday.
Since AVEO 77% shareholders motive-co-incident many are Aveo residents-to play politics by kicking out Mulpha; won't it be better off just cash out, reduce debts with some dividend to shareholders which we always lament lack of? so many years holding with nothing in return sure make everyone shun mulpha. Lee said its due to undervalued cause it use share buyback instead of dividend; somehow unappeciated as reward to shareholders. But, shareholders said its due no dividend-no one support it. its an chicken and egg argument.
Do you think this is a conman's company ? Never reward shareholders with dividends but keep having rights issue to con shareholders ?? Where are all those money gone through out the years ?? channeling off overseas and manipulating with takeover merger etc and went into conman's pocket ??
actually we concerned on dividend. what the f they keep asking money from shareholders but not even pay any penny. is they want follow cap counter . mean later suddenly declared a super loss account than said bye bye to us. the mupla share last time was very high then lowest 19 sen people loss until cannot recognised mama liao. this mulpha should be brother of redchips
SYDNEY: US private equity giant TPG Capital Sunday walked away from its offer to buy Fairfax Media, with reports saying the embattled Australian media empire would spin-off its property advertising business instead.
TPG and its partner Canada’s Ontario Teachers’ Pension Plan Board was in a bidding war with US investment firm Hellman & Friedman — former owners of US multimedia company Getty Images and German publisher Axel Springer — over Fairfax.
TPG made an offer in May of Aus$1.20 (92 US cents) a share that valued Fairfax at Aus$2.82-Aus$2.87 billion, while Hellman & Friedman proposed to buy the firm at Aus$1.225-Aus$1.250 a share.
But after a period of due diligence, TPG said it was withdrawing from the sale process.
“The TPG/OTTP consortium has today (Sunday) exited the Fairfax due diligence process and has elected not to proceed with an offer,” a TPG spokesman said in a statement.
“TPG thanks the Board and senior management team of Fairfax for the integrity and focus they have brought to the discussions.”
Hellman & Friedman on Friday sent a letter to Fairfax’s board saying it had not walked away, but did not submit a binding bid, Fairfax publication The Australian Financial Review reported.
Both offers were for the entire firm, which includes mastheads The Sydney Morning Herald, The Age and Financial Review, the lucrative property advertising Domain Group and its events and digital business units.
Without any binding offers, Fairfax was expected to end the buyout process Monday and instead announce plans first flagged in February to spin-off Domain, the Financial Review added.
Fairfax had previously said it wanted to list Domain as a separate entity while retaining up to 70 percent of its shares.
Like its global peers, Fairfax has slashed jobs and costs owing to falling circulation and advertising revenue.
But Domain has fared better, with chief executive Greg Hywood telling a business conference in May that revenues jumped 10 percent in the first 17 weeks of this year.
The group is the main rival in Australia to News Limited, Rupert Murdoch’s Australian empire, which is also suffering from falling revenues.
so, now we can figure why Fairfax must sell sensationalised, malicious news to keep floating. its in big trouble actually with no bidder for it. wa kaka. This is karma
Mulpha associate, Aveo group, traded in Australia exchange have payout attractive dividend.
Mulpha have recently increase further stake in Aveo through open market + Aveo itself also have initiate share buyback to up to 9% of total issue capital
very aggressive Lee attack again. This time via HKG listed Sun Hung Kai & Co, buy Ardent Leisure-theme park operator in AU, NZ which is in trouble now....waloe....Lee- why can't show your real power push-up own share first before attack others?? till now, all ikan bilis supporters still suffering under your lousy leadership????
KUALA LUMPUR: Malaysian tycoon Lee Seng Huang, who was recently in the news for the wrong reasons, is back in the news: This time for buying a 5.3% stake in an Australian company that runs theme parks, including Dreamworld. Lee, the executive chairman of Malaysian-listed Mulpha International, used his Hong Kong-listed Sun Hung Kai & Co Limited to buy shares in Ardent Leisureh, The Australian reported.
According to the report, Ardent shares leapt by 7.14% to A$2.025 in early morning trade. Investors are speculating that the deep-pocketed Malaysian billionaire could work with other investors to overhaul the theme park owner. Ardent shares crashed to A$1.91 in late June after the company revealed its earnings would fall below expectations. Last week a scandal erupted in Australia over a swindling racket allegedly run by Australia’s largest listed retirement village operator, Aveo, in which Lee reportedly holds a 22.6% stake.
The Sydney Morning Herald reported that a joint Fairfax Media-Four Corners investigation had uncovered a “litany of questionable business practices” at Aveo including churning of residents, fee gouging, safety issues and misleading marketing promises “made to some of the country’s most vulnerable people”.
Lee denied that Aveo was exploiting residents at its 89 retirement villages in Australia. He said: “”To take a few complaint cases and blow it out of proportion makes a great story but unfortunately, it is very unfair to our dedicated team that is doing the best it can in offering the highest levels of care to the Aveo residents.”
According to the Ardent Leisure Group website, it is a specialist operator of leisure and entertainment assets across Australia, New Zealand and the United States.
The Group owns and operates Dreamworld, WhiteWater World, SkyPoint, SkyPoint Climb, d’Albora Marinas, Hypoxi Body Contouring, Goodlife health clubs, AMF and Kingpin bowling centres across Australia and New Zealand. The Australian reported that the company was struggling to recover from a tragedy at the park last year in which four people died.
Theme park visits were down nearly 36% in May compared with the previous corresponding period, while revenues were down nearly A$4 million, said the report.
Lee’s chief lieutenant in Australia is former Ardent boss Greg Shaw, who led the company for 13 years before being dumped by the board in early 2015.
Shaw, according to the report, was replaced by former magazine editor Deborah Thomas, prompting a share market rout. He then joined Lee, to helm Mulpha’s Australian property and hotels arm.Last month, Dreamworks was rocked by the sudden exit of Thomas.The Australian report said with Shaw at his side, Lee was likely to agitate for significant changes at the group.
Instead of become Ardent's white knight- why not become own saviour first? Charity starts at home ma...don't tell me Lee not aware that everyone is pissed off with its Mafia's performance...wa kaka
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....
steveooikp
4,689 posts
Posted by steveooikp > 2017-06-21 14:49 | Report Abuse
drop today.... hng33 - u shd sell yesterday at 24 to lock your handsome profit....