Posted by didi7349 > 2020-09-08 20:39 | Report Abuse

Gold drops to near 1900 now....Good for muiprop to be not related to gold now,lol

Posted by Jack Khan > 2020-09-08 21:51 | Report Abuse

This is training for young Andrews. Hope he quick to read business movement next time. If he force nme to liquidate 7 month ago muip will get very cheap entry into gold sector.

Posted by monreyes > 2020-09-09 09:45 | Report Abuse

To claim that MUI Prop has 40.7% stake in Nex Metals Explorations Ltd is a very misleading statement.

Posted by Unfamous369 > 2020-09-09 10:35 | Report Abuse

The only reason that he went for 1.5m plus any accrued interest is that getting NEX to pay such amount of principal in one time is much more worth regarding to NEX current financial. Also, its actually a favour to Muip that NEX couldnt convene an EGM mostly due to the pandemic and internal issue. You can tell by the decision for choosing the principal instead of their stock. This guy wants more than 40.7%

This is not an announcement you wanna make when you ald found some high-grade gold ore in western AUS site unless..... Investor ALWAYS has the right to make a choice over principal or stock, kinda obv here. Would you actually go for 5 quid over 10 quid? or 15 quid? Soon we will know.

Posted by Jack Khan > 2020-09-09 11:15 | Report Abuse

Depending on their financial status investor will choose over principal or stock. But it is over now.

Posted by monreyes > 2020-09-09 13:28 | Report Abuse

Unfamous 369...do you mean to say MUIP let go NEX to eat another company?

Posted by didi7349 > 2020-09-09 15:27 | Report Abuse

looking back at Andrew interview by the edge in nov 2019,it sounds like mui was prepared to go big in gold mining in Australia....it sounded like mui wanted to get involved in gold ming rather than cash

Posted by multi530 > 2020-09-09 19:25 | Report Abuse

May be Andrew just too young to handle corporate world

Posted by henghuaty > 2020-09-09 21:55 | Report Abuse

Seem like everyone left. Anyone still holding?

Posted by si3nz > 2020-09-09 22:20 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3086998

Posted by si3nz > 2020-09-09 22:39 | Report Abuse

Payment received after demand letter sent earlier...tmr confirm shoot up...stay tune

Posted by henghuaty > 2020-09-09 22:49 | Report Abuse

Real or not. I think everybody offloaded and wait low low price

Posted by derrickinvestor > 2020-09-10 09:08 | Report Abuse

so muiprop is totally out of gold business?

Posted by Jefferson Lim > 2020-09-10 10:00 | Report Abuse

Who spread the false news? Market abuse ah

Posted by Unfamous369 > 2020-09-10 10:20 | Report Abuse

They just didnt tell you the story behind, not considered as fake news. Just lets see if everything is still according to Andrew plan. Its highly unlikely that just choosing principal over stock and holding it without any further action...

Posted by monreyes > 2020-09-10 12:33 | Report Abuse

What is Andrew's plan? A lil bit more hint pls.

Posted by didi7349 > 2020-09-10 18:46 | Report Abuse

To unfamous369: it seems like muiprop being playout rather than muiprop chose for principal n interests over stake in nex....Just my 2 cents.....Welcome for discussion

Posted by didi7349 > 2020-09-10 18:47 | Report Abuse

Anyway,muiprop website is so primitive.....Tried to send them email n enquiries but can't get through.....Guess the function alrdy disabled

Posted by Batmoo > 2020-09-10 22:18 | Report Abuse

The announcement where have statement to say mui disposed from Nex metal. just Nex need to pay back to Cesuco and mui dids invest into Nex as 40% shareholder. rite

Posted by kimsean > 2020-09-11 00:13 | Report Abuse

1.5m can get 40% shareholding, what kind of cheap company is that?

Posted by monreyes > 2020-09-11 00:46 | Report Abuse

Batmoo...the loan if converted to shares, MUIP will get 40.7% shareholding, else Nex to payback 1.5M+interest

Posted by Batmoo > 2020-09-11 08:11 | Report Abuse

so totally no related to gold mining now and is it we can sell

Posted by derrickinvestor > 2020-09-11 10:42 | Report Abuse

no hope... eat banana.. burn 10k for this damn counter

Posted by didi7349 > 2020-09-11 12:40 | Report Abuse

Going back to dormant mode

Posted by didi7349 > 2020-09-11 12:41 | Report Abuse

Without gold....muiprop is just another property counter,and is not the good ones....

Posted by Moneyfind44 > 2020-09-12 16:17 | Report Abuse

Muiprop QR really misleading ppl..QR 2 said akan success convert nex share..QR 3 & 4 cerita tggu approval..last2 terminate.pity to those at high price

Posted by henghuaty > 2020-09-12 16:36 | Report Abuse

Retails ciao already, buaya ciao already.

Posted by monreyes > 2020-09-14 17:53 | Report Abuse

Ikan paus mari

Posted by nicky > 2020-09-14 18:25 | Report Abuse

Sleeping counter.... dead pool

Posted by noobi3 > 2020-09-14 21:58 | Report Abuse

:( cut lost at floor 45

Posted by monreyes > 2020-09-15 10:06 | Report Abuse

alive...

Posted by didi7349 > 2020-09-15 11:51 | Report Abuse

all gold related stocks moves a bit......errr, why muiprop????isn't it alrdy no related to gold???or there r something behind the scene???

Posted by Evara75 > 2020-09-15 11:51 | Report Abuse

Up..up

Posted by BursaBiggestBoss > 2020-09-15 13:50 | Report Abuse

Muiprop own a gold mining company in Australia.

Posted by henghuaty > 2020-09-15 17:22 | Report Abuse

Im waiting to buy lower low ler.....

Posted by BursaBiggestBoss > 2020-09-15 18:57 | Report Abuse

Then you ciao also

Posted by xjteh > 2020-09-15 21:20 | Report Abuse

on 4 September that Nex Metals Explorations Ltd (Nex Metals) (a listed company in Australia which is involved in gold exploration) has failed to convene an EGM to seek its shareholders’ approval for MUIPROP’s conversion of AUD1.5m Secured Convertible Note issued by Nex Metals into ordinary shares, which otherwise would have resulted in MUIPROP owning a 40.7% stake in Nex Metals; and (ii) on 9 September that Nex Metals has fully settled the outstanding AUD1.5m Secured Convertible Note and accrued interest of AUD0.4m, thus effectively terminating its debt-to-equity conversion plan in Nex Metals.
MUIProp is no more tied with gold price

Posted by monreyes > 2020-09-16 08:17 | Report Abuse

no point repeating what we already knew.....

ALL MUI counters up, though not much

Posted by Legend > 2020-09-16 08:26 | Report Abuse

MUI Properties Bhd (Trading Sell)

• The cessation of MUIPROP’s exposure in gold mining has prompted us to recommend a Trading Sell on the stock. Our previous Trading Buy call made on 28 July this year was on the premise of MUIPROP being a proxy to rising gold prices, which subsequently saw its share price soaring to as high as RM0.53 on 7 August. Its last traded price of RM0.25 remains above our previously set technical target price of RM0.24.
• This comes after the Company announced: (i) on 4 September that Nex Metals Explorations Ltd (Nex Metals) (a listed company in Australia which is involved in gold exploration) has failed to convene an EGM to seek its shareholders’ approval for MUIPROP’s conversion of AUD1.5m Secured Convertible Note issued by Nex Metals into ordinary shares, which otherwise would have resulted in MUIPROP owning a 40.7% stake in Nex Metals; and (ii) on 9 September that Nex Metals has fully settled the outstanding AUD1.5m Secured Convertible Note and accrued interest of AUD0.4m, thus effectively terminating its debt-to-equity conversion plan in Nex Metals.
• On the chart, a probable sell-off in MUIPROP could push the stock to hit RM0.20 initially (S1, the price level when we last recommended the stock) before testing RM0.17 (S2) thereafter. This represents downside potentials of 20% and 32%, respectively.

Source: Kenanga Research - 15 Sept 2020

Posted by henghuaty > 2020-09-16 23:20 | Report Abuse

This counter no power.

Posted by henghuaty > 2020-09-16 23:21 | Report Abuse

Ciao already, dun think will jump in again

Posted by gghaha > 2020-09-17 11:01 | Report Abuse

any price aby 0.2 is overvalue wt no gold story now....

Posted by keith188 > 2020-09-17 14:01 | Report Abuse

this counter low batery?

Posted by Slc1 > 2020-09-17 14:27 | Report Abuse

Not low battery, it's no battery.

Posted by keith188 > 2020-09-17 14:55 | Report Abuse

wat happen this counter nt moving ?

Posted by didi7349 > 2020-09-17 15:23 | Report Abuse

a lot of counters also dropping...dow jones future drops 400 points....btw, nothing to move this counter oso.....the only thing significant maybe is the owner sold 10 million units on 7th august....

Posted by Bennychua007 > 2020-09-18 19:14 | Report Abuse

All bad news already done exposed .The following week should came out good news d

Posted by rezzare > 2020-09-21 14:29 | Report Abuse

keep hoping and praying yo haha

Posted by tonypang01 > 2020-09-21 15:42 | Report Abuse

Property crt no momentum yet. not for short term trade

Posted by derrickinvestor > 2020-09-22 12:23 | Report Abuse

No good news.. no gold n bad property...