1st , 2 nd and 3 rd qtrs. were losing monies ...(1.82) / ( 3.59) / ( 4.25) against same period last year +12.87...., I think the mgt is getting weaker and weaker by day..
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It has almost 5 years since the last 3 for 2 rights proposal. Money had been collected and yet there is no progress for the Aptec and Lake Hill project. Money owe to ASDB is due next month, 4 weeks to go. Mou between Black Sea and Dong Zeng was signed,and yet nothing is moving. And also mentioned in its quarterly report early of the year, the housing project will kick off. Half a year has gone, nothing is moving. Will MPCORP able to find investor to take up the ICULS A & B before the proposal being approved? Will the Security approve its rights proposal? Well, next Friday is the final day to submit its quarterly financial report ended 30th June 2014, just see whether we can see something positive is moving.
Can you imagine if the project really kick off? how much profit it will bring to the company...if you think in this way, i am sure you will be interested in mpcorp, even it goes to 1.XX also you will not dispose.....However, for short term, i will dispose at 0.60 and will collect back after the right issue........then i will try to collect once again to await its real value to be explored.
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Reply on behalf of TPY. No major movement for this counter, the proposal will need about 6 months to complete. Don't you know about this!. There are still many paper works to be submitted for approval. If you can't wait, get out from this counter.
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....
cytew
1,609 posts
Posted by cytew > 2014-08-19 06:05 | Report Abuse
Will only buy 2nd batch when corporate proposal is submitted.