Posted by jt888 > 2021-07-13 15:30 | Report Abuse

I wrote in already . Please do your part to request for announcement of Dividends to the shareholders :) . Thanks

Posted by jt888 > 2021-07-13 15:31 | Report Abuse

mailto: enquiry@mulpha.com.my and enquiry@mulpha.com.au

Posted by SuperDuper > 2021-07-14 15:20 | Report Abuse

Ya.. Ask independent directors to help minority else big boss just said co doing buybacks and helping himself more when he privatise!

Posted by thesteward > 2021-07-14 17:28 | Report Abuse

Nta ard rm10 anc share price just at rm2.10! What a joke!!!

Posted by Bedakong116 > 2021-07-14 21:43 | Report Abuse

Moreover when u consider that 85% of their assets is in Australia and only 15% is in Msia they are shielded fr the economic and political issues in Msia and their big asset in Msia ie Leisure Farm was acquired in the early 1990s so very undervalued against present prices and very close to Spore.

Posted by Xixi88 > 2021-07-16 21:01 | Report Abuse

Looks like company is buying back with part of the RM 400m and cancel the buy back shares.

Posted by wongchin > 2021-07-16 23:06 | Report Abuse

Whats up with mulpha? Sudden price surge.

Posted by Bedakong116 > 2021-07-17 05:55 | Report Abuse

Finally investors are waking up to the deep value in Mulpha! Read in Annual Report they also own a hotel in Auckland NZ and in Mayfair London 5 star!!!

Posted by AhJee > 2021-07-17 07:51 | Report Abuse

Why every day up one

Posted by Bgt 9963 > 2021-07-17 09:04 |

Post removed.Why?

Posted by Bedakong116 > 2021-07-17 09:20 | Report Abuse

Also the market cap now only 700m and hence max buy back is 10% or 70m leaving 400m for some Div distribution like Pelikan. Pls write to Co as well as MSWG or Bursa....

Posted by Bgt 9963 > 2021-07-18 11:23 |

Post removed.Why?

Posted by 360Capitalist > 2021-07-19 09:51 | Report Abuse

Some major corporate exercise coming ??

1) Special Dividend distribution ?
2) Share Buy Back by company to reduce freefloat shares in market and follow By General Offers by Major Shareholders to take the Company private and Delisted.
Based on NTA of RM10.00+, any attempts to take the company private will have to increase the offer at least few times higher from current level.

All is possible. Just wait to see what come next...

Remark :-
SBB is very consistent and remarkable move by Company and openly tell the market it is Highly undervalue against the fundamental of company which can turn into Net Cash by simply dispose one of the Investment, Please bear in mind that the company has not do any revaluation on its assets and landbanks for many years. Most land assets were bought 20 to 30 years ago.
80% of company's business revenue earner is in Australia and Leiisure Farm is owned by Mulpha International Berhad.

Posted by Bedakong116 > 2021-07-19 11:01 | Report Abuse

Very good analysis above. I estimate major shareholders probably own 60%+ based on companies linked. A share buyback likely increase this to 70%. Should delist here and relist in ASX!!

Posted by 360Capitalist > 2021-07-19 11:24 | Report Abuse

Hopefully the Special Dividend will announce with completion of On-Line Education disposal deal with KKR.

Posted by stockraider > 2021-07-19 12:13 | Report Abuse

Correctloh...just buy mah!

Cheap mah!

Posted by kion11 > 2021-07-19 13:09 | Report Abuse

at NTA about RM10.00 , disposal of business and status, possible special dividend soon

Posted by 360Capitalist > 2021-07-19 14:13 | Report Abuse

With latest disposal of on line education, the NTA is further increase by RM1.30 and improve latest NTA to around RM11.10. If share price trade atRM3.00, it is 72% discount from its NTA.
This share is truly undervalue even if it is trading at RM5.50 (-50%), at RM7.70 (-30%) discount against NTA . Since 80% of its business is in Australia, it is better take private and float in Australia to unlock its true valuation.

Posted by Bedakong116 > 2021-07-27 10:22 | Report Abuse

Meanwhile write to MSWG to lobby company to pay dividend from the disposal since it has not paid dividends for more than 10 yrs!!!

Posted by Bedakong116 > 2021-08-25 20:11 | Report Abuse

2Q results 10cts earnings! NTA almost RM10 per share not to mention the super profits fr EP sale to be completed in 3Q.Alsp most of Australian assets acquired many years ago so plenty of potential revaluation surpluses!

Posted by TheContrarian > 2021-08-25 20:19 | Report Abuse

I think share price still below last rights issue price if not mistaken.

Posted by TheContrarian > 2021-08-25 20:22 | Report Abuse

In 2016 rights issue price was 25 sen, then ten shares consolidated into one share which means adjusted rights price is RM2.50 and there was not a single payment of dividend since ...... since when? When was the last time a dividend was paid?

Posted by Bedakong116 > 2021-08-25 22:01 | Report Abuse

No dividend ever paid I believe but company assets looks fundamentally good. Abit like Berkshire Hathaway where there is no dividends!

Posted by chinaman > 2021-08-26 09:39 | Report Abuse

Better delist, relisted at AUX. MY just too poor, under appreciate this AU/ NZ property jewel. Each quarter with proven positive profit, but still I C B C....

Posted by Bedakong116 > 2021-08-26 10:08 | Report Abuse

If the earnings momentum in 1H continues into 2H and add EP disposal gain, EPS this year will be RM1. 70 vs share price of RM2. 16.....not to mention estimated RNAV of around RM12-13!!!

Posted by Bedakong116 > 2021-08-27 06:10 | Report Abuse

There is no reason why the company's shares cannot trade above the price of the rights issue of RM2. 50 after 5 years given that most of their assets are in Australia and the property market there has been growing for past 2 years. Also is a very good hedge against the issues in Malaysia. But perhaps not many people are aware!!

Posted by goldenluck16 > 2021-08-30 11:16 | Report Abuse

First target price 2.50.

Posted by tradesafely > 2021-08-31 15:01 | Report Abuse

monitoring

Posted by Bedakong116 > 2021-08-31 15:30 | Report Abuse

Mulpha owns the ultra luxurious Hayman Island resort where the 168 rooms go for AUD1k per night. Mulpha can easily sell it for AUD300m today against its book value of just over AUD110m.

Posted by Bedakong116 > 2021-09-01 10:08 | Report Abuse

Also the Intercon Sydney has the best views of Opera House, sea and the Royal Botanical Gardens. It is carried in books at Aud 200m for a 509 room hotel bought in 2004 or Aud400k per room. Westin Sydney was bought by East t

Posted by Bedakong116 > 2021-09-01 10:11 | Report Abuse

Bought by Spore Far East/ Sino Land for over Aud 1.2m per room! Based on that Intercon Sydney must be worth at least Aud500m!! It is also undergoing a refurbishment to be ready next year when hopefully international travel resumes!!

Posted by Invest_888 > 2021-09-02 13:29 | Report Abuse

Bought @ RM2.33.
Airline stocks are already go up so much. Mulpha time to takes off to the sky.

Posted by Bedakong116 > 2021-09-03 06:08 | Report Abuse

Next year EPS will explode as hotel will be very profitable and add to property earnings! Now is loss making. So PE will drop to low single digits I reckon. Now at 1H is already 18cts per share.

Posted by Bedakong116 > 2021-09-04 10:28 | Report Abuse

While the crown jewel of Mulpha is its Australian assets it also owns a large tract of land near the 2nd Causeway called Leisure Farm. This was bought in the early 1990s when land was cheap. U can imagine what the land value is now despite the oversupply situation in JB but Leisure Farm is all about landed and sustainability living which is the vogue now

Posted by Bedakong116 > 2021-09-04 10:32 | Report Abuse

What is also little known is that Mulpha also owns 900 acres of land KLIA when it won in the courts to get back last year. The land is carried in its books at just over RM100m but if u look at the prices developers are paying like Scientex and Gamuda not too far away the land is worth easily 400-500m. These are extra bonuses for investors!!! Happy investing....

Posted by Godblessyou > 2021-09-06 15:26 | Report Abuse

broke 52wk high... TP3 next stop...

Posted by Bgt 9963 > 2021-09-06 15:31 | Report Abuse

Gogogo...

Posted by wallstreetrookie > 2021-09-06 21:30 | Report Abuse

I hate to disappoint some of you here. But this company is giving me Maybulk vibes

Posted by wallstreetrookie > 2021-09-06 21:33 | Report Abuse

It will continue in an uptrend but Goldman Sachs has lot of shares to dump haha

Posted by wallstreetrookie > 2021-09-06 21:33 | Report Abuse

I mean Morgan Stanley

Posted by thesteward > 2021-09-06 21:43 | Report Abuse

Bedakong You are right

Posted by thesteward > 2021-09-06 21:45 | Report Abuse

Nta ard rm9-7 .

Posted by thesteward > 2021-09-06 21:45 | Report Abuse

Now not even trading at 1/3 of the value

Posted by Bedakong116 > 2021-09-07 07:47 | Report Abuse

A quick check at latest annual report shows Morgan has only 3.8m shares. Not alot

Posted by Bedakong116 > 2021-09-07 11:56 | Report Abuse

If everything goes according to announcement once Education Perfect sold NTA will rise to about RM11 but that is before revaluation of the Australian and Malaysian hotel and property assets..

Posted by thesteward > 2021-09-07 14:24 | Report Abuse

Yes bedakong v good analyses . If revalue Aust property Lagi hoh sheh

Posted by Bedakong116 > 2021-09-07 19:31 | Report Abuse

Looks like the company already recognise that their own shares are undervalue and today bought a record 1.9m shares!

Posted by goldenluck16 > 2021-09-08 14:21 | Report Abuse

Coming target price...2.86

Posted by Bedakong116 > 2021-09-09 08:26 | Report Abuse

The IR dept could improve and market the company more. It seems they are more Aussie centric as their website is based on Mulpha Australia. If properly sell their story locally can easily increase their market cap to RM1bn or RM3.1 or 25% fr now... Certainly they are oriented towards Australia and in Msia they have a separate Leisure Farm website.

Posted by Bedakong116 > 2021-09-10 14:10 | Report Abuse

Company buyback another 1m shares yesterday