Icon8888, it is my responsible to share this information to the investor. When we invest in a company, we should always look at the ethics of the management, and the reputation of the company.
According to source, that project should be a gated and guarded residential area. In the brouchure, it did mentioned gate, guardhouse, 24hour security and so on.
But after S&P has been signed for 29 months (5 months delay), developer inform buyer that the house is ready, and key can be collected anytime.
When those owner visit to their new house, then they realised that the housing area has no gate, no guardhouse, and only 1 old Indian security guy sitting at the main entrance.
The worst is the house don't even have water connection (Syabas deposit was paid 6 months ago), the retention wall infront of the house has collapse, the road is not even, a lot of construction rubbish throw beside the housing area, the house wall is cracked, the roof is leaking (from 1st floor to ground floor), the tiles is broken...etc.
Pandamaran is a traditional chinese village, all the local buyer there is planning to stay, not for investment.
And this is only the 1st project Melati had in Pandamaran, Melati have few more pieces of land waiting for development in future.
If the 1st project get such a bad reputation, then how Melati going to sell its future project.
The project at Pandamaran now seems worst. I saw a group of house owner protest at the area.
It seems like those house owner really disappoint with Melati Ehsan. I saw the collapse retention wall is still there, Melati didn't build a new wall for them.
Queued for some @ 75.5c,mainly for the dividend,not expecting to get any, but some desperate sellers threw down shares ! :D Will attend the AGM the day after CEPCO's! :D
this year will be the year of construction companies... property market is slow but construction (especially projects from the government) is still very active...
Sometimes its good to bet on counters with high NTA, which is the case of Melati Ehsan with Net assets per share around 1.76. If base on price / book value , the ratio is still very much less than 1.
Management could decide when is the good time to realize investment gain and the lock in profit can be retained in the company ( CASH form or for future investment ) or distribute to shareholders in term of special div. As for Melati, it still got plenty of assets on hand beside normal operational business.
I agree that FA is important but sometimes its hard to explain why some over leverage ctns like Pmetal , Inari , Myeg , Gkent can command such high price??
Base on FA alone do u all think Melati or Econpile better??
Many retailers think that today itself, this counter jump by 41.3% and hard to go up some more. The below break down will help to understand more :
1) Investors who starts to collect bet. 0.750 ~ 0.660. ( big thumb up to them and they deserve this jackpot for their perseverance and faith in ME) No of ticket cross hand is negligible if compare with the vol today.
2) Initial investors who enter bet. RM1.00 and above and did manage to average out when it dive to year lowest of 0.660. Many fall into this category and it also depend on how much initially invested. I doubt many already cut lost instead of topping judging from downtrend from 1.560 to 0.660. I guess the average price also will be more than 90 cents. To be precise, any bro or sister fall into this catagory, can kindly enlighten us?? Melati price movement up/down depends on them as this is the largest chunk of shares held. ( thats why advice them to be cool ) . Happy for them to see sunshine out of silver lining.
3) Investors who brought cheap many years back and didn't lock in profit when it peak at 1.500. ( No comment. )
4) Today players, counter open @ 0.860 with small vol and build up significantly when it cross 90 cents, thus paper profit is not 40++ %. Me fall in this division so give me a eight tomorrow.
4 + 8 -----------------> Huat arrrrrrrrrrrr!
No matter what we comments also, Melati is the " chosen 1" which no FA or TA can explain precisely. To those fence sitters , why not make small bet tmr and cheers together instead of watching free movie ticket as it wouldn't cause u a fortune base on my calculated risk. TQVM
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....
albukhary
3,036 posts
Posted by albukhary > 2015-03-05 18:15 | Report Abuse
Icon8888, it is my responsible to share this information to the investor.
When we invest in a company, we should always look at the ethics of the management, and the reputation of the company.
According to source, that project should be a gated and guarded residential area.
In the brouchure, it did mentioned gate, guardhouse, 24hour security and so on.
But after S&P has been signed for 29 months (5 months delay), developer inform buyer that the house is ready, and key can be collected anytime.
When those owner visit to their new house, then they realised that the housing area has no gate, no guardhouse, and only 1 old Indian security guy sitting at the main entrance.
The worst is the house don't even have water connection (Syabas deposit was paid 6 months ago), the retention wall infront of the house has collapse, the road is not even, a lot of construction rubbish throw beside the housing area, the house wall is cracked, the roof is leaking (from 1st floor to ground floor), the tiles is broken...etc.
Pandamaran is a traditional chinese village, all the local buyer there is planning to stay, not for investment.
And this is only the 1st project Melati had in Pandamaran, Melati have few more pieces of land waiting for development in future.
If the 1st project get such a bad reputation, then how Melati going to sell its future project.