The BIG ??????? Is WHY they sold DP land to Empire Mammoth at 5 times lower compared to what Empire Mammoth paid to Crest Builder...Those are Prime land bank OK and it was disposed at far below 80 psf...it is worth at least 300 psf today...something is very wrong here!
Tat plots of land sold to Empire has become a jewel to Empire Mammoth nowaday...Now they aborted their plan to develop Empire City 2 n put the land for sale at a whopping 800 mil...Wow what a handsome profit... Really thanks to MK for selling cheap cheap last time...Sigh!
i always see MkLand as sunset company. They have no launching of new project except Rafflesia, which unit was completed years ago. can a company survive without income? or the company is totally cash rich.
MK himself is an old man and is ever ready to let go of his business. Any takers in the market can easily take over the business at 26 sen now. The management team inside the group is well qualified and experienced in the field. No worry. Only the change of shares is coming soon once MK announced his total retirement. Same same story I assume for ASB - Ahmad Sebi for Advance Synergy Berhad. Both ASB and MK Land are very successful and cash rich companies. Only time will come that their shares will fly to the NTA levels.
Very disappointed tat MK just gave the the away at damn cheap price, some more the land is just beside main road...I as a shareholder felt deeply frustrated...I hope the remaining 230 acres MK will keep it tight for the next 50 yrs or when it reaches 1000 psf.. Don repeat the same mistake...Plsssss...No point to sell land then The IRB LHDN start chasing them for additional tax penalty...it was a double blow n loss for Mkland for selling the land to Empire...On the brighter side Empire has transformed DP into a remarkable city tat brings values to both parties...Mkland alone can't carry out big project like Empire City...So Give n take...
Ask MK to use 800 mil to buy back the land fm Empire...Ask Jolin Lai Chi Pet to be witness tis time to make sure no more hanky panky things lurking behind...4 plots of prime landbank sold to Empire at dirt cheap deep far below mkt value price tat has also caused 80 mil tax penalty...Jolin Pls say something...
This is exactly what the situation happened to the Mkland's shareholder like us. The company is much undervalued, however due to the its lousy performance and management, we can't take any advantage from this huge meat. Only benefits to the major shareholder after it being privatized with very low share price.
mkland now must be very happy share price only 25sen. later either mkland boss buy back his share or announce private also easy job . last time bot in abot in above 50 or 60sen will have a very funny questions is : why mkland never made loss on qr and why nta above 90sen and why this season qr net profit keep improve why all those good news will make the share keep drop to lowest and lowest . the boss say because I want all your money become my money hahaha
actually I agreed now is very cheap . if private at least 50sen to 70sen. mkland still a profit counter just the boss too greedy earn many money and sell land but no dividend no special dividend. they should give dividend
nemesisi. you worry too much . I told you I buy mkland above 30sen last time flying up until 36sen but I didn't sell any of it . however when down to 25sen I also did not average down . what I want to mean is if you keep tension about mkland is no point . yes it can flying limit up back to 50sen and also can going down back , because this is a gamber . so for those buy in at 25 or 26sen is very lucky just like kena 4d. examples hisbicus I bot in 40sen few years agao then go fown to 10 sen now go back to 75sen like aasia and drb and pos and cimb and aax and xox and xinghe and maxwell . so after all those case we just need to know once buy just keep if the price still low . it maybe up 10 times or down . doesn't matter it just a game . if we do not like gambling then just choice bluechip like maybank and bursa and FN and tenaga and pertonas . if you buy blue chip sure can sleep but I skip because I like gamberhaha
nemesis What if they push down to 0.20 and then privatise at 0.26 Sen... 12/10/2017 10:00
I think you totally lose hope on this counter. I could have make more than 100ks last year on this counter but now i average down 28cts.Planty in hand dont know what to do. This company major positions are controlled main by the Kamal family.Not a good sign.
Kktom...why if a company mainly controlled by the family Not a good sign? Isn't tat if the family has big stake in the company they would do their best to strengthen the share price...Pls explain
if we plan to hold long term so everything is ok. like zhulian last year drop until 1.20 now up back . mkland will.up one just we don't know when . if long term just hold since the company successful made net profit every swason nemises I believe you still hold your share. me too jsut hold since now only 26sen just hold lo if up to 40sen then only sell lo all the best my friends
Yea next 15 years...have u all got the patient...maybe halfway taken private SO defeat the purpose of holding long term...I don think MK is tat generous to share his land with the public so sooner he will try his best to take the company private...those who bought at 0.40 n above could be the greatest loser...time will tell...
nemesis,I dont think they have the guts to do big thing.Just look at the land they disposed you will know that they have no visions. They prefer join venture rather DIY.
Without Empire Mammoth, Damansara Perdana won't thrive...So far their vision is weak and lacking strategic planning...So the best is still to privatise the company BUT at what price?
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....
nemesis
3,994 posts
Posted by nemesis > 2017-10-03 02:59 | Report Abuse
Better dump the stock lar no point keeping...very disappointed with the management...