Posted by chongyo > 2017-07-29 11:50 | Report Abuse

In latest Annual report - Pang Tee Chew, owner of Mamee double decker hold 6,000,000 share in MWE. This is new.

Pang Tee Chew also bought 9% in WCEH after MWE (MWE hold about 27%)
Entry of Pang is a big boost of confidence to this extremely under valued stock and I think Pang will increase his stake further. After which, something big will happen . Surin(MWE) and Pang who collectively own 36% (more than IJM's stake in WCE of 26%) will join force to take over WCE under MWE??

Posted by shareinvestor88 > 2017-07-30 17:02 | Report Abuse

Dear chongyo have u minus off trade payables and other payable ?

Posted by chongyo > 2017-07-31 20:43 | Report Abuse

Dear Shareinvestors88,
As I don't add to my calculation Trade and other receivables amounting to RM58.84 mil, I therefore don't have to minus the trade and other payable of RM49.59 mil per financial report as at 31 March 2017.

Receivable > payable.

Hope that make sense.

Posted by Jeffreyteck > 2017-08-24 07:02 | Report Abuse

New trend....profit down companies like The Star etc are paying dividend even though profit is down but not for this counter.
P&L fluctuated significantly, quite odd. Good luck.

Posted by chickenrice99 > 2017-09-18 16:01 | Report Abuse

sailang this stock now! TP:2.50

Posted by firehawk > 2017-11-07 16:26 | Report Abuse

price @1.33 :o

Posted by spiderman49 > 2017-11-08 15:55 | Report Abuse

add 1.41 :)

Posted by spiderman49 > 2017-11-14 21:31 | Report Abuse

130 can only get 1 lot :(

Posted by spiderman49 > 2017-12-19 22:00 | Report Abuse

zzzzzzzzzz after me bought , keksi

Posted by JESSICA1668 > 2017-12-20 16:43 | Report Abuse

After me bought, never going up.. lagi keksi

Posted by pc_FA > 2018-01-04 14:39 | Report Abuse

PROSPECTS AND RISK FOR 2018
Barring unforeseen circumstances, we remain confident that the Group is well position to maintain a satisfactory operating performance for the forthcoming year ending 31 March 2018.

Posted by pc_FA > 2018-01-05 10:03 | Report Abuse

MPHB Capital, 30,871,000 or 4.32%
Magnum, 66,028,810 or 4.59%
WCE, 256,565,500 or 25.58%

Posted by pc_FA > 2018-01-12 21:00 | Report Abuse

Something interesting gonna happen?

Posted by shareinvestor88 > 2018-01-12 23:36 | Report Abuse

what ?

Posted by pc_FA > 2018-01-13 21:54 | Report Abuse

MPHB Capital up 15% last Friday.

Posted by spiderman49 > 2018-01-14 13:38 | Report Abuse

hehe ,, let see next week vol how :DDDD

Posted by spiderman49 > 2018-01-14 13:38 | Report Abuse

will it shoot up like kuchai ? ahahhaah

Posted by firehawk > 2018-01-22 16:34 | Report Abuse

sold @1.40 ...today bot back @1.30 ....

Posted by pc_FA > 2018-01-27 23:39 | Report Abuse

One of the "Top 40 undervalue stock" published at latest Focus Malaysia.

Posted by firehawk > 2018-01-30 18:40 | Report Abuse

Very cold counter ... even FACB alrdy move up much .....

Posted by tiptop168 > 2018-03-15 20:43 | Report Abuse

http://www.klsescreener.com/v2/news/view/354227

Posted by firehawk > 2018-03-15 22:40 | Report Abuse

suspension! good news coming?

Posted by fl888 > 2018-03-15 23:03 | Report Abuse

Is Jhlow involved in this company?

Posted by shareinvestor88 > 2018-03-16 08:59 | Report Abuse

sell

Posted by k3nthiew > 2018-03-16 09:11 | Report Abuse

suspended, how to sell?

Posted by k3nthiew > 2018-03-16 09:12 | Report Abuse

hopefully some good news... privatised

Posted by tiptop168 > 2018-03-16 10:05 | Report Abuse

All the best..

Posted by Myway > 2018-03-16 11:22 | Report Abuse

may be right issue ?

Posted by Myway > 2018-03-16 11:25 | Report Abuse

Hopefully not. If RI, price will plunge !

Posted by k3nthiew > 2018-03-16 11:49 | Report Abuse

SCR offer: RM1.75

The Proposed SCR involves MWE undertaking a selective capital reduction and a corresponding capital repayment of a proposed cash amount of RM1.75 per ordinary share in MWE held by all the shareholders of MWE

Posted by k3nthiew > 2018-03-16 11:49 | Report Abuse

good news but bad offer

Posted by splaw > 2018-03-16 12:23 | Report Abuse

This SCR is RM0.05 higher than the Nov 2015 failed offer. Still much lower than NTA of RM2.77

Posted by huat stock > 2018-03-16 13:05 | Report Abuse

oh no...bad offer price...fair price should be 2.00

Posted by huat stock > 2018-03-16 13:05 | Report Abuse

pls reject

Posted by firehawk > 2018-03-16 14:36 | Report Abuse

+27% :D

Posted by kakashit > 2018-03-16 14:47 | Report Abuse

I think this time Upatkoon has prepared enough financing to raise the acquisition price.

I think this Kiamsiap teochew nang should be offer not more than 2 Ringgit maximum.

Posted by firehawk > 2018-03-16 14:56 | Report Abuse

This is not an offer, is a SCR, that need shareholders approval, High Court order ... can only do it again, if the shareholders reject it in EGM.

Posted by nuke > 2018-03-18 16:20 | Report Abuse

Hahaha... Let's see. These guys accumulate shares at around RM1.30. Then make offer of 1.75. But on re-listing it goes to over 1.60. People get excited and buy at 1.60+. Big boss laughs and sells his accumulated shares for a handsome profit of 30sen per share and he will give us about 10-15 sen/share from this 30 sen! Win-win or is it? As pointed out by Chongyo above, the business is worth more than RM5/share! How long will we have to wait, boss?

Posted by RobertFong > 2018-03-19 09:34 | Report Abuse

Hi all, anyone can answer my doubts in the Bursa announcement attachment:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5726033

The last page, point 9, it states: "please execute the enclosed duplicate of this Letter at the place indicated".

1) Can we accept the offer now?
2) Where is the 'enclosed duplicate of the Letter"? Is it referring to the same letter of point 9?
3) If yes, there is not 'place indicated', so how to send?

Posted by firehawk > 2018-03-20 11:00 | Report Abuse

this is not for retailers ....

Posted by Myway > 2018-03-20 20:07 | Report Abuse

MWE is one of the top 40 most undervalued stock published by Focus Malaysia. But the unscrupulous controlling shareholders will not let you see the money! Better sell and go away.

Posted by Myway > 2018-03-20 20:16 | Report Abuse

I doubt Surin has enough minority shareholders' support to get this SCR through. It's just his game, like the last one, to entice more weaker minority shareholders to give up their shares while Surin's cronies acting behind the scene collect the shares. They are doing this in stages..

Posted by Lim Sip Yee > 2018-03-22 00:51 | Report Abuse

just curious if offer edi at 1.75 why the price wot go up till 1.75 instead of 1.63 ?

Posted by FlyFly > 2018-03-28 17:35 | Report Abuse

Election coming handsome fat boy will support this counter mou? Hehe

Posted by Syndicates > 2018-06-03 13:58 | Report Abuse

any idea? success or failure on this privatisation?
anyone bought this share above the offer price?
anyone average cost is above the offer price?

assuming average cost of most people is at 1.50, by receiving 1.75 is sufficient to cover more than 10 years of dividend on this stock, as the dividend is 2 sen per year.
yes, the purpose to hold this stock isn't to receive dividend, but the fact is this stock is illiquid to make capital return at maximum (which is the NTA of 2.57)
if this egm cannot go through, the share price will tumble back to 1.30-1.40 level, then you missed the opportunity to realize your profit at 1.75, unless you believe the offeror will make another takeover offer above 1.75. but would the offer be around 2.57, after you viewed this offeror as a stingy person?
another factor you should consider is the offeror is the person who manage the business, and bring development and expansion to the business. surrender your share at lower price is reasonable based on this fact.

Posted by gordon82 > 2018-06-03 14:09 | Report Abuse

JL family business?

Posted by Syndicates > 2018-06-03 15:41 | Report Abuse

not anymore
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1248957

Posted by Syndicates > 2018-06-03 15:44 | Report Abuse

only left 0.32% stakes through golden bay holding

Posted by k3nthiew > 2018-06-11 11:36 | Report Abuse

anyone at EGM????

Posted by Yael Jasper > 2018-08-06 11:30 | Report Abuse

going up soon