Posted by member41 > 2015-02-25 16:58 | Report Abuse

Seed thanks for the 21% gain today.

Posted by riskabsorber > 2015-02-25 17:06 | Report Abuse

Remember the announcement regarding the long outstanding of related party transaction? The common director of Ipmuda and Maju Holding, has agreed to pay back the long outstanding debts via acquisition of 24 units of office lots located near BTS for an amount of RM 25.6 mil. This outstanding was actually impaired and not reversal by progress.

Posted by SEED > 2015-02-25 17:11 | Report Abuse

you are welcome, member41 but I am aiming for higher returns that's why I pick the small cap company coz I believe Every cloud has a silver lining!

Posted by SEED > 2015-02-25 17:13 | Report Abuse

Many thanks Riskabsorber, now I got it!

Posted by riskabsorber > 2015-02-25 17:16 | Report Abuse

you're welcome. This counter has silence for years. Now should active to gain attraction soon.

Posted by crossroad > 2015-02-25 17:22 | Report Abuse

price still a discount of >50% of nta, so just hold la. Travel around the world 5x come back and check loh. Today good show, hope Q4 will bring good tidings.

Posted by member41 > 2015-02-26 21:45 | Report Abuse

Nice result again wonder how tomorrow

Posted by tradeview > 2015-02-27 09:27 | Report Abuse

Full year EPS 19.2. At current price of 1.28, the PE ratio is only 6.6x.

Posted by SEED > 2015-02-27 10:07 | Report Abuse

just hope the price can sustain and gradually go up!

Posted by tradeview > 2015-02-27 11:38 | Report Abuse

There is no reason the price cant go up because its NTA is RM2.27 and the the PE is only 6.6x. Its FV at 8x = RM1.52 and 10x = RM 1.92. Previously when I called out Mitra at RM1 was also based on the fundamental value. This is a solid counter with upside of at least 30%.

Posted by SEED > 2015-02-27 15:41 | Report Abuse

tradeview, the problem is the normal volume very low!

Posted by riskabsorber > 2015-03-02 09:26 | Report Abuse

another problem is the trade and other receivable amount, it stands at around 30% of the annual sales value. It also mean that 30% of the revenue remains uncollected each year. Yet, no dividend has been proposed this FY.

Posted by tradeview > 2015-03-02 11:33 | Report Abuse

The volume is low due to the share float. Usually institutional investors will not enter under such circumstances. But just like Uzma, counters which has good profit year in year out, sooner or later they will propose share split and bonus issue to enlarge the shares. Dividend or not is not an issue with such counters as capital gain will offset the lack of dividend.

Posted by tradeview > 2015-03-02 11:35 | Report Abuse

With such sterling result, I expected it to shoot straight up but it did not. So looks like it will be a mid term hold. Just as when I called out Mitra at RM1, it was stagnant for 1.5 months before it flew straight up to RM1.70. I will look to collect more on weakness.

Posted by riskabsorber > 2015-03-02 12:18 | Report Abuse

Yes, this counter has been showed good results for several years, but due to lower share float. It really need a shock of corporate exercise to increase the liquidity of the shares. Now just waiting this counter to bear fruits.

Posted by SEED > 2015-03-03 09:37 | Report Abuse

contrarian, as what I said earlier, you will die badly!

Posted by riskabsorber > 2015-03-03 09:38 | Report Abuse

Haha, someone purposely put 1 lot only.

Posted by SEED > 2015-03-03 09:47 | Report Abuse

looks like one man show!

Posted by riskabsorber > 2015-03-03 09:50 | Report Abuse

No worry, this counter won't active until it announce either dividend or corporate exercise. Contrarian need to have patience to wait for it. It might take years.

Posted by tradeview > 2015-03-03 12:34 | Report Abuse

I am certain it the corporate exercise wont take years. Simply because their revenue and profit has doubled in the past year. To ensure sustainability of the share price, they will need to propose the exercise sooner than later.

Posted by riskabsorber > 2015-03-03 14:41 | Report Abuse

On average, the revenue each year since 2007 were around 630mil, profit margin 2%-5%. the profit has been doubled in past year does not contribute to actual cash as the profit merely from reversal of impairment and the RRPT from Maju Holding. I do believe there will have corporate exercise, but just need to wait patiently.

Posted by tradeview > 2015-03-04 14:25 | Report Abuse

Agree with riskabsorber. Patience is the key to this counter.

Posted by Invest123 > 2015-03-30 09:54 | Report Abuse

Shoot up soon!

Posted by SEED > 2015-03-30 15:47 | Report Abuse

yeah!

Posted by SEED > 2015-03-30 15:54 | Report Abuse

1.50 soon

Posted by riskabsorber > 2015-03-30 16:20 | Report Abuse

got dividend to be declared soon.....

Posted by limchimleong > 2015-03-30 16:36 | Report Abuse

Reasonable price is 1.90.

Posted by SEED > 2015-03-30 16:41 | Report Abuse

dividend more than 3%

Posted by tradeview > 2015-03-30 16:52 | Report Abuse

riskabsorber u sure so soon? I heard June.

Posted by riskabsorber > 2015-03-30 17:30 | Report Abuse

Usually any dividend proposal will discuss among the board members and then request the treasury department to allocate / make sure the funding is sufficient. If is corporate exercise, then Merchant banker will have the first hand information. That's is why the share price movement rise intensely. Insider information always purchase the shares and sell it when the announcement has been made.

Posted by jay111 > 2015-03-30 19:47 | Report Abuse

i feel this counter same hapseng,will up toRm4,

Posted by riskabsorber > 2015-03-31 09:32 | Report Abuse

limit up today RM1.67...

Posted by tradeview > 2015-03-31 09:35 | Report Abuse

Hi riskabsorber. I appreciate your feedback but I am familiar with the process on any form of corporate exercise. I am not talking about that. What I meant is whether declaration of dividend is so soon because what I heard was totally different. Additionally, IPMUDA FA is solid, the movement upwards may be due to the fact the martket is moving, so IPMUDA low PE is simply adjusting in tandem. Just double checking the facts thanks.

Posted by riskabsorber > 2015-03-31 09:48 | Report Abuse

Hi tradeview. I'm happy that you have sound knowledge about the process. I just believe that the insider information have much faster to reveal the price movement upwards. When the price movement so drastically, it definitely reveal from insider or anyone relates to them. I used to work in Listed Companies and MNC's treasury department. That's why I know the tricks :-). But, I do not use this as an opportunity to gain financially.

Posted by tradeview > 2015-03-31 09:52 | Report Abuse

Very appreciative of your good sharing. Thank you. I do agree the sudden movement upwards seem to be very abrupt and unless there is something up, it would not jump so drastically. Lets continue updating. Either way, so long as IPMUDA moves all of us can rejoice. Of course the faster the better!

Posted by riskabsorber > 2015-03-31 09:58 | Report Abuse

Yeah, I've been kept waiting for this counter for more than 5 years. I still have patience to wait for another wave to come even previously went up to RM1.60 as I believe Ipmuda can go even higher than the NTA.

Posted by SEED > 2015-03-31 10:33 | Report Abuse

riskabsorber, I admire your patience!

Posted by riskabsorber > 2015-03-31 10:46 | Report Abuse

No choice, initial capital too low and only tackle for few interested companies. That's why miss out many opportunities to buy those lightning speed counters.

Posted by Invest123 > 2015-03-31 12:21 | Report Abuse

Up fast down even faster. Game could be over for this round.

Posted by tradeview > 2015-03-31 12:27 | Report Abuse

I think there is no problem with hitting RM1.60. Earlier on I mentioned the FV at 8x = RM1.52 and 10x = RM 1.92. I will collect more on weakness. Good luck all!

Posted by SEED > 2015-04-09 11:12 | Report Abuse

Yes, crunchy ikan bilis now!

Posted by nickloke > 2015-04-09 11:27 | Report Abuse

http://nickstockinvestment.blogspot.com/2015/04/ipmuda-5673-new-high-on-making.html

Posted by tradeview > 2015-04-09 17:23 | Report Abuse

good write up Nick. But Ipmuda free float is limited. Sporadic purchases require consistent volume to maintain uptrend. Looking forward to it hitting RM1.52 TP for now. Patience.

Posted by Wk Lai > 2015-04-12 00:26 | Report Abuse

Weekly chart looks good now.

Posted by Wk Lai > 2015-04-13 23:53 | Report Abuse

critical @ 1.38, break will gogogo!

Posted by Invest123 > 2015-04-14 20:44 | Report Abuse

逆水行舟，不进则退. Price after holding for some time should come down! Better wait for it to come down.

Posted by Tom > 2015-04-15 09:12 | Report Abuse

这个也升了就只剩下“主菜”还没升。。。。。

Posted by jay111 > 2015-04-15 09:13 | Report Abuse

什么是主菜？

Posted by Wk Lai > 2015-04-15 09:23 | Report Abuse

yes. break 1.38, will go for another high!

Posted by Tom > 2015-04-15 10:17 | Report Abuse

@jay111 暂时不说 :)