last Q ,mkland profit up is due to sell their property to reduce debt. please refer EPS &NTA &ROE,pe last consider.now not suitable to buy. but other share lah.
Not since 23082013, it was since 2 years ago, public bank started to give TP of 0.80 already, but the price always stuck at 30-40 cents ...... ,many investors got stuck and want to cry also no tears !!
What is anbz talking about ? He is a joker...today he comments more then 17 counter.....be should become a radio dj....pls dont mis lead investor with your comments. ..
they must selling their non strategic asset,if company getting worse,then how to accountable with shareholders,and how to ask shareholder come out money to continue support their projects.
if today mk land decide to sell all its huge lands in damansara, sungai buluh,ipoh land n few thousand acres of bukit merah land. its share price will trade at rm 4.00 not 0.37 sen.BELIEVE ME.......
Rm1 maybe la.. Rm 4 pula zz ..they can juz sell their no strategic asset to raise fund for their project mal...no need dividend should be given anyway...but i like dividend xD
WHAT I WAN TO EMPHASISE IS MK LAND'S ASSET WORTH MORE THAN RM4.00 PER SHARE .... BUT UNFORTUNATELY IN REALITY EPS OF COM WILL DETERMINE THE PRICE OF COM
i guess it might come down back to 0.34 cts soon...it happened many time it rises up for a while and then fall back...The only way for it to go up is when Tan Sri Mustafa kamal acquires back Mk shares...BUT i dun see tat coming until Mkland is really stable in its earnings...Up till now it is still very shaky as property sector is slowing down by next yr...
Posted by sephiroth > Dec 26, 2013 12:32 PM | Report Abuse X
i think mkland should be remove from the 'lemon' list coz mk starts to give dividend 3 sen (since i bought at 30 sen aka 10% profit) + capital gain of 20%. the upcoming land sale (http://www.bursamalaysia.com/market/listed-companies/company-announcements/1268257) will free up more cash to reduce borrowings 9reduce from 250m plus to 139m currently, every quarter repayment of borrowings of 8 to 18m and still have 93.5m cash left) and maintain dividend. mk have positive cash flow from operations for 9 straight quarters and receivables reduce from 330m to 283m and there's more land sale coming up
Posted by kcchongnz > Dec 26, 2013 01:39 PM | Report Abuse
SEPHIROTH, MK Land does seem to improve in its operations. A lemon in the past may not be a lemon in the future. For one, if the price has fallen to way below its intrinsic value, or its intrinsic value risen way above its depressed price, it is not classified as a lemon any more.
sephiroth i agree with u !! its few hundred acres of lands in sungai buluh n damansara worth a lot. eg tebrau announched to dispose its 60 acres of land worth 444m. The balance of lands at that place jb still have 300 acres.....crazy.... i really hope mk land will dispose all its lands then delist. if this happend the shareholders will enjoy 10 times return.....happy new year !!!
It is clearly seen tat those chicken investors had already disposed off all their holdings in Mkland...Datuk Kasi too has stop his selling too...So why Mkland is still lagging behind many prop counters??? we need intensive research of what goes wrong wit tis company tat keep investors away and tat includes you and i...WHY?
there is oso one big possibility tat Mkland indirectly targeting to press down its own share price to keep it at around 0.36 to chase investors away...I am gonna make sure i do intensive study on tis price movement tat lock mkland in its dark corner till i find light at the end of the tunnel...
may be because what rhb said:MK Land started FY14 with first quarter net profit of RM5.5m (+34.1 YoY, -62.7% QoQ), constituting only 9.5% of our full year estimates.
Nemesis, I think the pengoreng is planning to press down the price further to 20 cents to shake off all the chicken investor , punters etc, so they can only start to GORENG !!
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....
i3fan
35 posts
Posted by i3fan > 2013-11-28 10:42 | Report Abuse
Another 1 ct div. and TP of 80cts......
hope it will moving upwards....