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 )
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
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.
@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.
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
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.
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.
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?
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.
If there is anything you wanna vote against, it should be the 40cent dividend, bcoz he pay you the 40cent, but in return,he want you guys to help him cancel the share premium. Literally mean he didn't give out any money from the disposal at all.
There is a possibility that he might push the price to rm1 or lower to trap and screw up your dividend, since he don't even wanna give you the dividend at all.
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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....
franciscosavage
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Posted by franciscosavage > 2022-05-23 10:10 | Report Abuse
1.49