pmcap,pmhldg will make some move next week after ci touches 1800..could be last chance play for the clearance of PN17..hope this round like focalaim...
Thank you izoklse & beginer for query on PMI. I have some answers, but to be certain I need to confirm with management. Regarding why the PM Corp share price not moving. These are the main reasons:
1) The General Public does not know what PM CORP is doing. They have a false notion that PM CORP might go into PN17 like PM Cap & PMI. So they avoid PM Corp in ignorance.
2) The past rumour of betting the wrong horse by.siding Tengku Razaleigh still lingers.
3) The impending divorce proceeding in UK adds to the gloom. Pray that it will be resolved soon.
4) 90% Owned by Top 30 Shareholders and Johoreans. Little room to goreng.
5) Not In The Investment Radar of Fund Managers & Stock Analyst. They must perform and show real results every single year. Imagine recommending FOCAL AIM at 25 Cts in Year 2010. They will lose their job if they have to wait 3 years for FOCAL AIM to be well known. So to avoid risk they find it risky to cover stocks like FOCAL AIM then & PM CORP now.
Note: But they will mention FOCAL AIM now since EVERY ONE KNOW IT NOW! Sorry to say this. Many Fund Managers & Stock Brokers are my friends. I, too, once studied to be a Fund Manager.
The trick is to say what everybody else say & perform a 5 to 6% growth. Keep the rice bowl safe. Don't stick your neck out and ask for trouble.
6) The Majority of the Public - especially Chinese Tow Kays & Bosses Have The Money but Don't Know How To Study Shares & Invest. Their Accountants Know How To Analyse Share Value & Read Financial Statements But Have NO EXTRA MONEY TO INVEST. SO NO INCENTIVE. WHY BOTHER TO TELL THE BOSS?
THE BOSSES GOT MONEY, DON'T KNOW HOW TO INVEST. SO THEY LISTEN TO RUMOUR & TIPS. MANY EARN FROM THEIR BUSINESSES BUT LOST IN THE SHARE MARKET.
THE ACCOUNTANTS KNOW HOW TO INVEST. BUT HAVE LITTLE MONEY. SO THEY HAVE LITTLE INCENTIVE TO STUDY.
That's Why The KLSE is full of Speculators Who Chase Shares Without Fundamentals.
Let me give you an example. During the Asian Financial Crisis in 1997-1998 I bought a Mitsubishi Pajero from ESPIRIT CORPORATION listed on the 2nd Board.
When I met the Purchasing Manager I told him that ESPIRIT CORP hit limit up that day. Up 30% limit on a single day. (Like FOCAL AIM's limit up.). " Should I buy ESPIRIT CORP?", I enquired.
He replied, "No!". "WHY NOT?", I asked in surprise since it went limit up. "Wait A Few More Weeks And You Will See", he said.
By now I was really curious. So I probed further, "Why, What's Wrong With ESPIRIT CORP??" Finally he told me, "I am the No. 3rd Person in the Company's rank & I have just lost my job. Today is my last day in the Company. And the first 2 directors are my brothers. They also lost their jobs."
"But your ESPIRIT CORP just gone limit up at Over RM2.00 today!", I protested, disbelievingly. Well, the chicken with the head chopped off can still jump around for some time. ESPIRIT CORP IS FINISHED!
I wish I could inform all my close friends to sell all their ESPIRIT CORP shares before it became headline news. But I wasn't in the Share Market then. So I can't help any one. Anyway, with the euphoria of limit up.- Who will believe me? The Crowd is Always right.
6) Sorry for the diversion. PM CORP has given no dividend for 9 years. Long waiting causes many to give up hope. And give up holding PM CORP shares . There is a type of bamboo plants in the jungle which grow very slowly or no growth at all.for years. Then one night it can suddenly grow and shoot up many feet into the air overnight! I hope that PM CORP will like FOCAL AIM go up in a Spectacular Display someday.
May You Have A Productive Year Ahead. The Future is As Bright As The Promises of God!
The GOOD NEWS is PM Capital will also go up BECAUSE PM CORP is ANNOUNCING CASH DISTRIBUTION SOON! All MUI GROUP OF COMPANIES WILL ALSO MOVE UP IN TANDEM. A RISING TIDE LIFTS ALL BOATS IN MUI GROUP!
nobody think that small fish can influence the market, however, pls dont look down on sardin or ants, they are small but can be powerful also pp just follow the trend or news, they make their own judgment and decision, nobody force, spamming is either trapped or good news, so do the right judgment LOL
if anyone wants to share good news about their fave shares, stick to that particular share's forum. dont spam and contaminate other threads and invite unnecesarry blue/red flags. please, its embarassing.
Sorry guys for not answering earlier as I sought for clarity from Management. The goings for PM Cap is not easy. Many speculators & day traders failed to pay PM Cap Co for contra and margin call losses.. As such PM Cap Management is still trying to salvage the whole situation. There is a possibility that PM Securities might look for a buyer. But nothing is confirmed yet.
In any case don't miss the coming rally in PM Corp as there will be an impending announcement of good news in Cash Repayment. The Market might chase all PMI, PM Cap, PM Holding, MUI Berhad & MUI Properties as a Whole. Please trade carefully.
Wishing You All The Best in The PM Cap & All MUI Group.
For Very Long Term Investment stick with PM Corp, MUI Bhd & MUI Properties
I know what you guys are thinking - err....Batman ??? Well, Batman used to be my superhero when I was a kid.....because he saves people in deep trouble and he has a habit of being at the right place at the right time ......which is what I am hoping to achieve with PM Capital. Here is what been happening in this stock:
PM Capital announcement to Bursa Malaysia :
PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENT PAN MALAYSIA CAPITAL BERHAD
Type Announcement Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT Description PAN MALAYSIA CAPITAL BERHAD (“PM CAP” OR “THE COMPANY”)
MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY’S REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 (“PN17”) OF MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”)
Further to the Company’s First Announcement dated 26 February 2013 and the announcement made on 27 May 2013 pursuant to Paragraph 4.1(b) of PN17, the Board of Directors of PM CAP wishes to announce that the Company is still in the process of formulating a plan to regularise the Company’s financial condition.
The Board of Directors of PM CAP wishes to inform that the Company has been holding discussions with external parties with a view towards restructuring and regularising the Company’s financial condition. These may include disposal of its universal broking subsidiary, PM Securities Sdn Bhd (“PMS”). Disposal of PMS, if materialised, would result in a significant change in the business direction of the Group. However, the discussions have been mainly exploratory in nature and no agreement has been reached at this point of time.
The Company will continue to explore other opportunities and options to regularise the Company’s financial condition. Any further development on the Regularisation Plan will be announced in due course.
The Company has approximately two (2) months to submit its Regularisation Plan to the relevant authorities for approval.
This announcement is dated 2 December 2013.
***Salient points*** :
Possible disposal of stock broking business - check
Exploring options to come out from PN17 - check
2 months to submit the regularisation plan by Feb 2, 2014 - check
So, now there is less than 1 month to wait for the regularisation plan to be announced. It seems the price is stable and volume is coming slowly. However, please bear in mind there is high risk involved in such counters so invest in small positions. Batman come help!
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Posted by juinming0304 > 2013-09-21 11:07 | Report Abuse
pmcap,pmhldg will make some move next week after ci touches 1800..could be last chance play for the clearance of PN17..hope this round like focalaim...