I will say very funny loh... this type of stock also got ppl go and buy ... 42 sen... losing money company... and mkland ... 46.5 sen.... ivory 58 sen.... gmutual... 48 sen... why don't you ppl consider all these companies instead of buying mpcorp?
Hi, i am new here. But i have some info about this company for your own discretion This company's MD has been accused of fraud , so he passed the baton to his son, so that ignorant investors would not notice about its flaws. This company has plenty issues and facing many material litigation. Recently, another suspicious character, tey por yee, which is being sued big time by prtasco, bought a big portion of shares in this mpcorp. So, beware
Yes, i know the concept of buying a counter at its worst news. But, this counter, would be different...most of the value of their landbank will have to pay up a large sum of monies that they owe to amanah. Secondly, properties in iskandar has shown a slowdow.n. Even UEM is cutting bank on development, and announcing lower sales. Thirdly, while an investor in mpcorp is hoping and waiting for a turnaround of luck in their shares, this company will continue with their rights calls, asking more money etc. Fourthly, even if there is a jump in their share price, it would be shortlived as it is being played up or speculated by some parties.
You got good points there. Well, we already know as we have asked the same questions.
The Answers
1) According to Encik Fahmi (Charles right hand man) worst come to worst just give a portion of land to Amanah Raya. No problem still Got Aptec Prime Commercial Road Frontage Lands.
2) Properties in Iskandar slowdown? Yes & No. Yes for High End Condos because they is a runaway glut caused by Carpet Bombing Sales of China Developers. No because there is NOT ENOUGH LANDED PROPERTIES IN ISKANDAR.
Last week Jade Imperial (20' by 60') RM467,000 in Bandar Sri Alam were SOLD OUT At First Phase Launch. So There Is A HUGE DEMAND FOR LANDED HOUSES.
And MP Corp's Lands Are Only 2 Minutes Away from Jade Imperial.
MP CORP Lands Have An Amazing Low Price of RM8.40 psf. Should be RM70 now!
3) It's OK for this need that arises as a means to stem off creditors. Malaysia Implemented Danaharta to prevent Fire Sales of Assets during Crisis. Korean Assets were Sold for A Song To US Vulture Funds.
See even Korean car name were changed to Chervolet. If not by Danaharta your Proton would also change name to Buick or Cardillac or some other US names.
4) Shortlived? See Focal Aims next door. Price shot up from 11 cents (2009) to over RM5.00 when Ecoworld took over. NUSA DAMAI Lands Are Far Better Than Kota Masai Lands.
Calvin received calls from Penang & Sarawak - Investors telling me they bought millions of Focal Aim shares around 30 to 40 Cents. They Made So Much Money.
Now they are Buying MP Corp and expect the same to happen.
Strange people from Penang & Sarawak call me they buy Focal Aims & MP Corp shares?
If good companies with capable people like liew kee sin come and takeover, then rhere's something to shout about. But what is known is that many parties that this company tried to work with , were all either aprrehensive or were turned down . So, this speaks for itself
Property experts have called on the authorities to spur economic activities in the Iskandar economic region by promoting jobs and migration to create demand for homes there, amid concerns of a looming housing glut, reported todayonline.
This comes as several property launches by Chinese developers in the region over the past year have caused concern that there would be oversupply of homes, which could hit rental yields.
The Singapore daily’s news portal said today this, coupled with a lack of clarity in the implementation of cooling measures, had led to fewer island state investors – one of the biggest foreign house buyers – investing in Iskandar.
What is the reason to put our money to such risky company? There are a lot of potential good company where the risk is much lower. I prefer Bjcorp instead of Mpcorp.
Calvintaneng, you said RM3.50; Choongpooh said over RM2.00. You two are really 1 pair. For me, breaking RM1.00 also impossible, the answer can be seen at its wb.
I like your statements, calvintaneng. However, i just could not convince myself to invest in such risky company and expecting the price can oneday above RM1. In mpcorp, all you can do is get fast money. When you have few cents profit, then quickly quit the game and waiting for lower price. One day the project does not start, the price will not get higher.
Calvintaneng, i wish i can earn more. I am not that rich like you. If Mpcorp can help me to get myself richer, i am willing to put more money. But the facts did not convince me. I wish myself can look deeper into mpcorp.
Will a company with 42 Cents suddenly go to RM3.20? Will a warrant with 2.5 Cents suddenly go to RM2.20?
Making the target half - RM1.60, wb should be RM0.60. RM0.025 to RM0.60 is about 30 times.
Calvintaneng, i have noticed that you only bought mother shares. If you are really confident with MPCORP, you should collect its warrant and get more earnings.
It is very hard to feel and endure so much risk buying MP Corp with extremely negative news. Like 99% of the market given up and wringing their hands in despair over MP Corp
MP Corp
Massive
Problem
Corp?
Of course this is the right time to buy more when price is really hammered down for us to buy cheaply.
In 1983 during the PAN-EL Crisis by Tan Koon Swan KLSE was teetering on bankruptcy. Both UMW & Tan Chong fell to 30 cts & 50 Cents. Those who dare to buy then must have heart of steel and nerve of steel. See UMW today is a Blue Chip.
Weak hands would have long threw away all shares then.
Only the strongest with tenacity can make good money later.
That;s why in the US - the Top 1% Made More than half of all the riches.
For MP Corp case only 0.001% Will be Able to hold on.
And if you buy now at 42 cents your profit will be tremendous when price crosses RM3.50
More than 1,000% profit like Focal Aims
"STRONG MEN RETAIN RICHES!"
To all who read this. Buy 10 or 15 lots MP Corp on offer now.
Keep it till March 2016 when 6 Lanes express way is ready & you will see your money double in value.
Calvintaneng's statement: 1) According to Encik Fahmi (Charles right hand man) worst come to worst just give a portion of land to Amanah Raya. No problem still Got Aptec Prime Commercial Road Frontage Lands.
My question: Billy willing to sell to all small investors at 50 Cents(new shares). Why Billy did not want to give a portion of land to Amanah Raya instead of selling at such cheap price? Such huge new shares can dillute the EPS and the NTA.
I think you better switch Wt to MP Corp mother. I have always advocate investing longer term. Bill Ch'ng has no choic but to sell some to TPY. Calvin know that many developers are eyeing Nusa Damai Lands which are getting more & more valuable by the minutes.They hope to buy it cheap. Of course MP Corp is holding tightly these Golden Lands.
And another booster is Pengerang RAPID Which is Rapidly lifting up prices for whole of Eastern Iskandar.
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Posted by tenlot > 2014-10-03 16:22 | Report Abuse
calvintaneng, where are you ?
How many did you buy?
How many did you buy?