BRDB, the parent company of MIECO is delisted as of today. More attention will now be directed at MIECO which is the only listed vehicle of the ultimate controlling shareholder, Moiz and family. There are several options he can do with MIECO as mentioned previously.
One of the options is to sell the assets and retain the listing status of MIECO. As soon as they have revamped and consolidate all the operations of BRDB, MIECO could be the flagship comapany to house new assets.
These are passing thoughts only. Please, readers are advised to do your own thinking and projection. By the way, MIECO has gone up as much as 30% since it bottomed out at 36.5 sen to hit 47.5 sen today. It is time for the counter take a breather
As expected, MIECO took a breather and corrected itself 10% down from 47.5 sen to as low as 42.5 sen. Those who are brave might want to re-position themselves for the next leg of movement. Of course, nothing is certain in the stock market; every investor or punter makes intelligent guesses and takes calculated risks.
MIECO has bounced back from 42.5 sen to hit intra-day high of 46.5 sen but closed at 45.5 sen today. Investors must take note that the volume is expanding steadily to 700,000 shares today and buyer's rate is at 80%. This simply means people are snapping up whatever shares available but they are not chasing the price. Another words, a group of investors are accumulating MIECO shares!
If this scenario continues for one or two more months, with price holding well and volume keeps rising, all the shares of weak, uncertain or uninformed shareholders will be taken up. I think by then, MIECO is going take off in quite an interesting way.
you are absolutely correct, Petracot!!!! i had accumulated 1.2KK units but have to pay up the price since early oct.....otherwise....it's extremely difficult to accumulate further
Read my previous postings of this forum. It is quite a long story to tell. In short, earning is currently not the main concern but the valuable assets of the company. Much patience is required to realize the value of the assets. Again refer to my earlier postings for the reasoning.
After a long spell of correction, MIECO seems to be making a come back this morning. Price moves up by 6 sen or 16% to touch high of 42.5 sen per share. Volume spikes up to 2.5 million shares.
I have written about the NAB of MIECO at RM1.54 per share and the possibility of BRDB disposing their 56% stake. The only thing I do not know is the timing of disposal and how close the disposal price would be to the NAB.
At current price of around 40 sen per share, I don't think an investor or punter has anything to lose but more likely something to gain.
Early Jan 2013 price surged with vol but dun last. Tomorrow onwards may decide whether going to be a run up or just feeble attempt to push price up by weak holders.
Tengok jela... Nak min cara sindiket pikir pon mst mcm sindiket... Jgn buat mereka perasan kita collect...buy dalam kuantiti kecil contoh 10lot secara konsisten...
There must be a series of positive news flow before MIECO can really take off in a meaningful way. So far, there were only sporadic short-lived rallies in the past one or two years. But not to worry, be patient if you have bought MIECO in the range of 30 to 40 sen. I don't believe anyone in this group will lose any money! Just remember the net asset value of RM1.54; even if MIECO is going for fire sale at 50%, it could easily fetch 80 sen.
nothing is impossible in stock market. Afterall, if the investor want to start the business....at least need to put in rm450KK to have mieco production capacity judging from the current land price and equipmne and tinstallation cost.....without considerng the goodwill inherited in mieco's business
take it private and put everyone out of their misery. these wealth destroyers. how long does it take to turn around a company? - Should hire that MBF CEO. he seems to know how
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....
datuk
4,935 posts
Posted by datuk > 2012-10-25 11:39 | Report Abuse
the new investor will be emerged soon but ....i think it's not from the thais.....instead......let your imigination run wild....hhehehe