Posted by nemesis > 2017-05-23 00:45 | Report Abuse

This tax is really unacceptable n doesn't make sense at all...Mkland MUST fight against it!

Posted by necro > 2017-05-23 00:49 | Report Abuse

IRB must vigilant in tax...those tax evader must be punish kawx23...,

Posted by Ibi_chan > 2017-05-23 02:25 | Report Abuse

Have they been evaded tax or its just an allegation ?

Posted by Ibi_chan > 2017-05-23 02:26 | Report Abuse

Coming back to 26 cents ? ='(

Posted by Ibi_chan > 2017-05-23 02:33 | Report Abuse

Whats the fair value for mk land?

Posted by Ywchew8255 > 2017-05-23 08:03 | Report Abuse

Today must masuk air

Posted by nemesis > 2017-05-23 08:22 | Report Abuse

No worries 5 acres land disposal of Damansara Perdana land is more than enough to cover the tax fine...what is 80 mil to Mkland as its total value of its landbank is worth at least 4-4.6 billion...Tat amount is just a tiny sand to MK...

Posted by steveooikp > 2017-05-23 09:03 | Report Abuse

GE coming... a lot of companies kena

Posted by Gentlemen > 2017-05-23 09:07 | Report Abuse

Seem like don't have much impact... Rebound very fast

Posted by hng33 > 2017-05-23 09:10 | Report Abuse

bought mkland at 29.5sen

Posted by TrippleZ > 2017-05-23 09:12 | Report Abuse

Mkland just sold land for 72mil. Easily can cover the 80mil

Posted by nickyeo55 > 2017-05-23 09:19 | Report Abuse

any one here know who is Datuk Kok Boon Kiat ? Is there any listed co related to him ?
TQVM

Posted by nemesis > 2017-05-23 09:23 | Report Abuse

Donna why all these cowards pressed the sell button...Sure will regret selling it...

Posted by nickyeo55 > 2017-05-23 09:28 | Report Abuse

Nemesis i think this is the chance to clear all those weak shareholder n a chance for u to buy.
HAHA chances for u again. So should be happy for u. Sad i dont have vitamin M already.
Happy trading . All will be fine soon lah.

Posted by hng33 > 2017-05-23 09:31 | Report Abuse

accumulated last batch of MKland, all at 29.5sen

Posted by speakup > 2017-05-23 09:32 | Report Abuse

TP rm1.00

Posted by nemesis > 2017-05-23 09:33 | Report Abuse

Did u sell Nick? Sell to me at 0.29 if u are desperate...

Posted by KUCIMIAO > 2017-05-23 09:40 | Report Abuse

Wow...one after another. Wonder who is net?

Posted by hng33 > 2017-05-23 09:40 | Report Abuse

M K Land said its wholly owned subsidiary Saujana Triangle Sdn Bhd (STSB) disagreed with the assessments raised by the IRB and would therefore appeal.

Based on the advice from both its tax consultants and lawyers, STSB felt the land sales of the Investment Properties were capital transactions that were liable to real property gains tax (RPGT) in year 2009 (tax-exempt year).

(From April 2007 until the RPGT was reinstated on Jan 1, 2010, all gains from property transactions were exempted from the tax.)

In addition, STSB is of the view that the notices of assessment raised are statute barred and erroneous in law.

Further, according to STSB, the accrual of development costs has been allowed according to accounting standards and IRB’s public ruling on property development.

M K Land said it would make further announcement if there was any material update.

Posted by adamsmith > 2017-05-23 09:49 | Report Abuse

IRB looking for $$$, claims every way, looks like more listed company will be facing the same problems, magnum , mkland .... sure more to follow

Posted by nemesis > 2017-05-23 10:40 | Report Abuse

Got total of 40 companies slapped with the tax fine...IRB said will reveal these companies if they fail to compl soon....

Posted by nemesis > 2017-05-23 10:41 | Report Abuse

Wonder whether MK can appeal for tis case?

Posted by speakup > 2017-05-23 10:47 | Report Abuse

@nemesis,
most of not all of them are Pakatan donors.

Posted by speakup > 2017-05-23 10:47 | Report Abuse

maybe Supermax is next coz they are supporter & donor to Pakatan

Posted by nemesis > 2017-05-23 10:51 | Report Abuse

I don think MK will pay the tax fine cos it is ridiculous n unacceptable...

Posted by acceso > 2017-05-23 11:03 | Report Abuse

hng33 already stuck at malton, all in at 1.78, now 1.53, where got money to buy mkland, don't bluff

Posted by speakup > 2017-05-23 12:17 | Report Abuse

chhb dah kena
magnum dah kena
mkland dah kena
next Supermax! BEWARE!!!

najib going all out against CEO/companies that donate to Pakatan. Criple the donor to criple Pakatan - najib strategy

Posted by tah16600 > 2017-05-23 12:24 | Report Abuse

No wonder Big kaki like Kasi sold earlier, small shareholders r always a loser.

Posted by steveooikp > 2017-05-23 12:31 | Report Abuse

29.5... I am in.
cheap...
public bank TP - 35 sen.

Posted by tah16600 > 2017-05-23 12:36 | Report Abuse

Aldy korek the non listed companys ,now going for listed comp. .This show that the gov.is in bad shape. Ayoyo, how many listed comp.going to plunge oh!
23/05/2017 12:31

Posted by hng33 > 2017-05-23 13:21 | Report Abuse

MK.land already clearly stated that is of the view that the notices of assessment raised are statute barred and erroneous in law. However, more clarification still needed. At the same time, just await Mk land to release q result soon. At 29.5 sen entry cost, further downside risk is minimum.

Posted by Lewis Lee > 2017-05-23 15:41 | Report Abuse

need to check whether KASI still keep DUMPING or not, if yes, better wait and see !
Let him dump until 10 cents then I will sure SAI LANG !!

Posted by ivan9511 > 2017-05-23 15:50 | Report Abuse

mkland now really attractive . nta about 1.00 ringgit . net profit company. actually very undervalued should at least 60 sen

Posted by Ibi_chan > 2017-05-23 16:55 | Report Abuse

Getting worse?

Posted by WM Niaga > 2017-05-23 16:57 | Report Abuse

Sell......Sell...

Posted by Runnn > 2017-05-23 18:48 | Report Abuse

Assuming the substantial shareholders of MKLAND announce to privatise the company at RM0.60 or even parity with it NTA RM0.97. I bet MSWG and analysts will turn up and advise minority shareholders not to accept the offer as the price offered was unfair and unreasonable. Thus, pretty much of land value held by the company will be debunked on a whim, which was bought in couple of decades ago. If these few thousand acres parcels of land adamantly revalued, the NTA will briskly dot a fold of the existing NTA.

Posted by Nigel Low > 2017-05-23 20:27 | Report Abuse

In event if these land goes for re-evaluation, how much is it worth today? Possible for NTA to go RM2.00 above?

Posted by verbatin1969 > 2017-05-23 21:48 | Report Abuse

bought another 65,000 at 29.5c today making MK land the 2nd largest holdings in my portfolio

Posted by Ibi_chan > 2017-05-23 23:12 | Report Abuse

Will the tax issue get worse? Should i cut lost or buy more to average down?

Posted by verbatin1969 > 2017-05-24 16:59 | Report Abuse

Why would the tax issue get worse? The potential tax liability is RM 80m and if MK lose the case, it would be RM80m and not more

Posted by Solo > 2017-05-24 17:06 | Report Abuse

Once u kena one year, every year u will kena.

That is IRB

Posted by billionaire88 > 2017-05-24 23:13 | Report Abuse

RM80m divided by 1.205b shares = 6.6 sen per share. That is how bad this share will be hit if IRB had their way. The net gain from disposal of land in Perak earlier was RM32m divided by 1.205b shares = 2.66 sen per share. So the theoretical net effect is 4 sen per share. So the drop (3 sen) after the announcement for IRB tax is about there fundamentally.

Posted by Ibi_chan > 2017-05-25 02:30 | Report Abuse

The sentiment is bad. Have they been evading tax all this while? + the daughters are not that energetic & aggrasive. Going to 20 cents maybe?

Posted by nickyeo55 > 2017-05-25 10:44 | Report Abuse

Dear fellow MKLAND SHARE HOLDERS. DO u notice that IRD make MKLAND become more well known to the public. I believe more n more people will notice this undervalue stock n become the strong supporter like all of U .
Take note of this counter Tadmax. A counter consider as lousy by most of the people.
Who know can let u make handsome $$$.
Happy trading

Posted by kktom > 2017-05-25 11:21 | Report Abuse

tah16600 No wonder Big kaki like Kasi sold earlier, small shareholders r always a lose

Kasi is lending the shares to someone to push up the share price.So that they can share the profit!

Posted by billionaire88 > 2017-05-25 20:19 | Report Abuse

This stock is trading a very steep discount. Most penny stocks now are at very high value. It's a matter of time before the big crash will come. Once that happens, it will take a long time for retailers come back. Will MK Land had the chance to rebound before the shit hits the fan?

Posted by nemesis > 2017-05-25 22:35 | Report Abuse

Whatever it is I don think Mkland is tat stupid to pay the 80 mil tax fine...So why so panic...

Posted by nemesis > 2017-05-26 12:07 | Report Abuse

Mkland is oversold...Weak holders ve been taken out...

Posted by nemesis > 2017-05-27 18:56 | Report Abuse

Now I m hopeful tat Mustapha Kamal will take Mkland private after long decade of undervaluation of its share price...a great example of a value trap company...taking Mkland private is the best option both for the owner n shareholders to end the underperformance of its share price...I believe it is a matter of time only...

Posted by nemesis > 2017-05-27 19:03 | Report Abuse

All the shareholders here are deeply disappointed...Pls take Mkland Private to end our frustration n just delist tis company out of Bursa...