SM is not a good businessman and has always know to screw his shareholders. even pnb had to run away at 2.00 when the IA clearly said its worth 3.30. sad day for malaysia corpgov... but great day for shortterm investors.
MMC was a great play for all those who bought in last 3 to 4 years... sorry for the people who believed in SM and hoped he will deliver. when pnb can throw the towel on him it says alot... dont trust a crook.
SM only enriches himself. its a fact and its all written in the wall ie relisting of malakof and even more interesting is he is taking mmc private cheaper than hiis injection and projected cashflows of ptp in 1999. shame to bursa.
Well don't blame any body for taking a good but much undervalued company such as MMC private. Many had chosen to invest or speculate companies with no real biz and ignore companies with excellent biz. Still there are many much unappreciated and hence undervalued companies still remain listed. Try to understand their biz and biz models and the impacts on their capital structures and cashflows. Don't just simply assume companies with heavy borrowings and with negative cashflows are bad.
Most put the value on MMC at least RM 3.50 or even more. Those who are intelligent and patient enough to invest in MMC had harvested good gains and let us move on to other equally, if not more , undervalued counters. And fortunately there are many still around !
@ SincereStock. You claim you are new but your thinking is very rational and unemotional and I certainly believe you will do well investing in the stock market There is no guru or sifu to follow but must chose what ever style that are most suitable for your own situations and inclinations.
We should move on to find similarly misunderstood and hence likely undervalued like MMC. Fortunately there are a no of them but most people are attracted or prefer to chase whatever popular or the stock du jour.
Delay in getting cash due to Bursa was closed on 3 Dec. Thank to not so clever minister. Government servants have been staying at home due to cover 19 for almost 2 years, but still want to declare another day off?
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....