Posted by franciscosavage > 2022-05-23 10:45 | Report Abuse

If break 1.46 can sell edi

Posted by Goh123 > 2022-05-23 10:50 | Report Abuse

bye bye

Posted by Goh123 > 2022-05-23 10:50 | Report Abuse

sell off

Posted by Johnzhang > 2022-05-23 11:11 | Report Abuse

Hahaha… wiser to stay calm and don’t fall prey to insiders and sharks.

Posted by chkhooju > 2022-05-23 11:19 | Report Abuse

Bought at 1.59 and 1.50 earlier. I will stay put and fight to the end.

Posted by Johnzhang > 2022-05-23 11:31 | Report Abuse

@chkhooju, after receiving 45sen, you cost is $1.05 to $1.14 only . I think a very safe bet.

Posted by chkhooju > 2022-05-23 11:46 | Report Abuse

@Johnzhang. My lowest price being 1.28.

Posted by chkhooju > 2022-05-23 11:50 | Report Abuse

Something is very fishy about the whole issue. No writeup and comments by the media at all. A total black out. They are playing games?

Posted by taitaumau > 2022-05-23 12:58 | Report Abuse

Need to monitor post distribution. Hopefully, not another Dutaland in the making !!

Posted by Opportunate > 2022-05-23 13:53 | Report Abuse

@johnzhang

AGM will be virtual. Good for me as I'm not staying in KL. I already registered and pending update of dail in code when getting closer to the AGM

Posted by Opportunate > 2022-05-23 13:57 | Report Abuse

@johnzhang @theContrarian

I went through the Quarterly Report and the Insurance Sales announcement. Tallying the #.

Only left with RM480MM in cash and short term investment and assets at 791MM. No longer RM700MM in cash and short term investment.

Some cash from land disposal might be use for other means such as adjustment on the fund , purchase of land ( refer to material litigation 3 or 4 years ago )

Posted by Jimmy Lim > 2022-05-23 13:58 | Report Abuse

xtau betul x, i heard flamingo ampang looking for buyer

Posted by Opportunate > 2022-05-23 14:01 | Report Abuse

Before MCO , in 2019 , speculation that Flamingo Ampang received offer at 250MM for 13.9 acres of land + office tower + hotel.
I goggle using Goggle Map. The hotel at very strategic location and very valuable for redevopment.
Should not be a problem to find a buyer for outright sales or JV for redevelopment

Posted by Opportunate > 2022-05-23 14:05 | Report Abuse

For the past few weeks , observed that MPHBCAP has very strong support at 1.48.
If going below 1.48 , I'm considering to switch fund from my other stocks to increase my holding.

Posted by TheContrarian > 2022-05-23 14:27 | Report Abuse

@Opportunate, refer to the Annual Report for 31/12/2021 : in Note 15 Investment Securities, there's RM241,373,000 in unquoted unit trusts ; in Note 37(b) there's RM742,878,000 in equity in Nomura i-income Fund minus RM286,986,000 non-controlling interest leaving RM455,892,000 belonging to MphbCap.

Posted by TheContrarian > 2022-05-23 14:30 | Report Abuse

The RM742,878,000 in equity in Nomura i-income Fund forms part of the RM2,906,942,000 Assets For Sale.

Posted by TheContrarian > 2022-05-23 14:34 | Report Abuse

As at 31/12/2021 there's RM241 million in unquoted unit trusts and MphbCap's portion of Nomura i-income Fund of RM455 million.

Posted by calvintaneng > 2022-05-23 15:08 | Report Abuse

40 sen cash payout a real letdown after so many years waiting for insurance cash out??

Or sell all mphbcap now and go buy Bplant, hs plant or Tsh resources for better prospects and dividends

Posted by Opportunate > 2022-05-23 15:09 | Report Abuse

@TheContrarian

I used simple method of calculation as I not sure how far the overlapping between MPHBCAP asset vs Insurance business asset

NA after disposal = 2.82 per share

Net asset = 2.82 x 715MM = 2,016,300,000

From QR 31st March 2022

Asset = 1,362,973,000
Liability = 33,588,000

Net asset excluding insurance business disposal = 1,329,385,000

Adjustment from insurance disposal
= 2,016,3000,000 - 1,329,385,000 = 686,915,000

Total cash and invested security

= 686,915,000 + 274,139,000 + 4,957,000 + 17,313,000 = 983,324,000

Remaining will be equipment , property , receivable , intangible asset etc.

Posted by TheContrarian > 2022-05-23 15:22 | Report Abuse

@Johnzhang, for credit business Receivables there's bad debt risk, so it's not as good as cash.

Posted by TheContrarian > 2022-05-23 15:39 | Report Abuse

You can compare the credit business Receivables over the past 8 or 9 years to see whether it been increasing significantly or stable.

Posted by Opportunate > 2022-05-23 16:07 | Report Abuse

@ JoeZhang

The credit business about RM100MM. The cash flow quite uncertain with default in payment and on going legal action

Posted by Opportunate > 2022-05-23 17:15 | Report Abuse

@joezhang

Thanks for the sharing. Quite interesting info.

Posted by Opportunate > 2022-05-23 17:25 | Report Abuse

@endgame

Myself I'm quite happy with the 45 sen capital repayment + dividend

After insurance disposal , either further cash distribution , M&A or kick start property development projects will be ok for me.

If cash distribution , can cash out fast

If M&A or JV property development that unlock the value of the asset , will be longer term holding but the return will be far better than cash distribution.

So , I hold on and accumulate more if price going down for short to mid term investment

Posted by Goh123 > 2022-05-23 18:47 | Report Abuse

rm450 enough for me. with its sentiment market..
u can see bplant even good result also no move and with 7.5 cen dividend

with 7.5

Posted by speakup > 2022-05-24 09:01 | Report Abuse

bplant announce 7sen dividend, open today @ 1.07 (up 6sen)
but mphbcap announced 45sen dividend, it open up only 3sen and close -10sen!

see the difference?

Posted by Goh123 > 2022-05-24 09:24 | Report Abuse

if like sell off lo... switch another stock hahahaha

Posted by markgold > 2022-05-24 09:52 | Report Abuse

The most illogical thing happen this year.

Posted by Goh123 > 2022-05-24 09:54 | Report Abuse

ya i guess so. markgold

Posted by speakup > 2022-05-24 09:59 | Report Abuse

just goes to show the major shareholders have NO interest in having mphbcap at a high price. they want to suppress it and keep it low, most probably to privatize it at a low price. that's my take.

Posted by speakup > 2022-05-24 10:08 | Report Abuse

forget about rm2 or above.
i wont be surprised if major shareholders take it private 1.50-1.80 only.

Posted by wallstreetrookie > 2022-05-24 10:19 | Report Abuse

Sounds like Johnzhang lost money. Told you already don't gamble on uptrend stocks in this environment.

Posted by chkhooju > 2022-05-24 10:27 | Report Abuse

Hahaha.... seems like someone is lecturing @Johnzhang. He doesn't seem to know that the latter is a good master in stock trading and stock analysis. I truly respect John.

Posted by speakup > 2022-05-24 10:34 | Report Abuse

yes no doubt Johnzhang is a master in stock analysis.
with all due respect to @Johnzhang, put yourself in Surin's shoe's : would u want mphbcap to be 2.50 or 1.50?

Posted by TheContrarian > 2022-05-24 11:02 | Report Abuse

The disposal requires 75% shareholders approval at the EGM to be convened. Does Surin already have the 75% in his pocket?

Posted by TheContrarian > 2022-05-24 12:22 | Report Abuse

If true then the minorities going to be screwed kaw kaw.

Posted by chkhooju > 2022-05-24 12:52 | Report Abuse

The EGM is just to go through the process of formality. He has had it all.

Posted by speakup > 2022-05-24 13:23 | Report Abuse

let's look back at MWE:
MWE NTA is 2.41
before the privatization announcement, it was trading around 1.30
then announcement of privatization at 1.75
that means Surin was willing to pay 45sen more than market price for MWE. Which is 35% higher than market price before announcement. But this is 27% lower than it's NTA.

now lets look at mphbcap.
MWE NTA is 2.60
assuming the same % as MWE, Surin will only make offer when mphbcap share price is below 1.40 and privatize at not more than 1.90.

of course this is a very simplistic estimate.

Posted by speakup > 2022-05-24 13:24 | Report Abuse

@TheContrarian, he screwed MWE minorities last time, what makes u think it will be any different this time?

Posted by wallstreetrookie > 2022-05-24 13:25 | Report Abuse

Time to change your strategies johnzhang

Posted by wallstreetrookie > 2022-05-24 13:27 | Report Abuse

It was only meant to be a light criticism. Don't take it too seriously @Johnzhang

Posted by TheContrarian > 2022-05-24 14:43 | Report Abuse

1 week ago


wallstreetrookie

Evergreen Fiberboard Berhad raised to Overweight

With a long term price target of RM1.80

1 week ago


wallstreetrookie

Accumulate

Posted by TheContrarian > 2022-05-24 14:45 | Report Abuse

@Johnzhang, the rookie from Wall Street's current call buy.

Posted by TheContrarian > 2022-05-24 15:12 | Report Abuse

MphbCap share price will stay at current level as weak retailers get fewer and selling starts to dry up. Price will inch up slowly as Surin's proxies accumulate.

Posted by chkhooju > 2022-05-25 10:46 | Report Abuse

Surprisingly now no more interest in this company. When people has forgotten about it, it will perhaps come back quietly. Keeping my fingers crossed.

Posted by TheContrarian > 2022-05-25 11:30 | Report Abuse

Surin quietly buying.

Posted by chkhooju > 2022-05-25 11:37 | Report Abuse

Hahaha.... hopefully. Not only Surin. All are welcomed to buy more. Keep on buying!

Posted by chkhooju > 2022-05-25 11:44 | Report Abuse

Hahaha... Rookie's Evergreen is now trading at 0.63. Cheap, going cheaper.

Posted by TheContrarian > 2022-05-25 14:27 | Report Abuse

Rookie's Evergreen dropped further to 0.59

Posted by chkhooju > 2022-05-25 14:50 | Report Abuse

I wonder if anyone has been taken for a ride.