This company is doing quite badly. Used to be around RM1.40 ++ last year but since then earnings more and more teruk. Now only worth 30 sen. Lost money buying lousy company but can blame gomen pula. Funny.
limbeh was the 2nd round hand of people who kena this.... now limbeh see this is the 8th round hand of people... its now proven a certified rubbish stock... if I listen to that H***y sifu, and hold long term on this mitraa, I will lose 75+% by now..
Mitra director sorry have to teach you a little bit : sbb just made it big big big ok . You sbb 100 days also cannot tahan epf sell one day. Just be clever . Do like ytl or genting sbb . Dun use a small stone to kill a galaxy. Use stargey give dividend increase revenue .
Imagine we paid RM0.59 per share to subscribe for its rights and now it is RM0.24 The paper loss is indeed deep and large. What actually happened to this company? No more contracts?, No more launches on properties? No more dividend?
Most of the land for this company is lease not freehold, need to pay again when times come. After new government take over with decrease debt as vision all construction job gone case except the job approved by previous government. Summore for property side government request to decrease sales price but indirect and other cost still incoming. I'm didn't attack or arrow on anyone just my own opinion for this company current situation.
Few problems for Mitrajaya based on latest quarterly report 1) Net used from operation activity - negative free cash flow 2) Net debt - RM 330mil, Interest expenses closed to RM 10mil 3) Construction revenue dropped though have 1.2billion ourstanding book 4) Collection is slow, more than 120 days - closed to RM30mil
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3068 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
tzerteoh
110 posts
Posted by tzerteoh > 2018-10-16 18:00 | Report Abuse
really stupid counter, no eye see