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MIIF
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Farmer
Master |
19-Jan-2009 12:56
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Agree, this one i dump all few mths ago at 49cts after incur 30% loss as i dun see its future earning growing and doubt its business model able to survive under current tight credit conditions. It has ~59% gearing base on the report...how to fund future grow? I predict down the road, it may have to sell its asset to repay loan just like its sister company did. |
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chinton86
Veteran |
19-Jan-2009 12:34
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The independent director of MIIF muz have fainted! | ||
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ShareJunky
Member |
19-Jan-2009 12:15
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going cheap ... now 26.5 cent.... read latest announcement ...The CapitalGroup has dumped shares ... now no longer ubstantial shareholder. | ||
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chinton86
Veteran |
27-Nov-2008 17:56
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Ya...Btw, i had used the AR to make origami....haha | ||
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chinton86
Veteran |
27-Nov-2008 12:49
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There are much more in the market that will give u more value at less than intisic in the market at any current time. | ||
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Farmer
Master |
27-Nov-2008 12:17
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I suggest you read the AR again carefully. I understand that the debt you're referring to is short-term-debt. There're also the long-term-debt which are suppose to be due only in 3-7 years time frame. Yes, no doubt its current variation is attractive base on its last reported NAV but its gearing is nearly 60%. Well you decide. | ||
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serene
Senior |
27-Nov-2008 11:54
Yells: "No Venture, No Gains (Caveat Emptor)" |
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There's no mention of fund raising in the latest announcement. It said that all debts will be cleared by end of 2009. So suppose MIIF continue to make tons of millions, and to pay out generous dividend (with no debt), you'll continue to get value for your investment. Caveat Emptor. |
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Hulumas
Supreme |
27-Nov-2008 09:22
Yells: "INVEST but not TRADE please!" |
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Keep fund raising, maximum utilization of Other Peoplle Money, little care towards their loyal share holders' value are their intention perhaps.Ha.... ha.... ha....
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serene
Senior |
27-Nov-2008 08:08
Yells: "No Venture, No Gains (Caveat Emptor)" |
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Look closely into the business update memo, and you'll find that there are really great intrinsic value in the Co. Just the earnings for the 9 months of the year is much more than the debts it is shouldering. It said that it would be debt free by end of next FY (2009). This is really a great value company to park your excess funds at current depressed price level. Caveat Emptor. | ||
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chinton86
Veteran |
27-Nov-2008 00:27
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Its like a slap on their mouth. Last time say wanna give max cashflow as dividends to shareholder, next say wanna issue shares, now want to retain cash for repayment of debt. Then, still want to do share-buyback. What they want to do actually!!!! They only keep saying they are confident here and there but what they have actually showed? Everyone should be aware. I went for a general meeting but i feel the management doeesn't seem to know what they are doing. They just do things by what they want and doesn"t seems to look at the overall market. Lacks foresight i feel. By the way i already sold my lot long ago. |
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Stupidbear
Senior |
27-Nov-2008 00:03
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For those of you who are keeping tab on the fundamentals of this company, I am sure you have seen the update delivered by MIIF. Just to point out a few points stated in the update. 1. Repayment of Corporate Debts 2. Shares Buy-Back upon approval 3. % increase in income from corresponding year. Any gurus here willing to shed more light on the latest release? |
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Farmer
Master |
15-Oct-2008 11:26
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Just announce this morning that their SDS still got people willing to participate buying at 70cts for a total of ~1.55m new shares to be issued??? I guess these investors must be either not aware of its market value or simply too rich or SBC. Imagine, even well before the expiry date, its share price already drop to 60 something cts and now at 1/2 the SDS fixed value. Any comments to add, anyone? | ||
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chinton86
Veteran |
13-Oct-2008 13:59
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yaya....not a good choice to hold this ion this kind of mkt...i sold mine ard 65cents | ||
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Farmer
Master |
13-Oct-2008 12:51
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Haha! This one I cut all at $49 cts. Not even10cts price will u buy? I doubt its that cheap lah...but not totally impossible tho. It's got high leverage of 59%, although won't need refinancing till 2011, but who knows should share price continue to slide. Its scary to hold this type of counter at current environment even tho its trading at only 1/3 of its NAV right now. Just my view. | ||
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chinton86
Veteran |
10-Oct-2008 19:29
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HAHA!!!!Drop...... Tats the way. 10 cents also won"t buy. U will know the reason once u go for the annual meeting. No directions, not flexible from the board. | ||
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Farmer
Master |
25-Sep-2008 10:45
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SGX announced that its buy-in price for MIIF yesterday is 0.465cts. May be more to come today consider last Friday's trade. Hmm....today price quite strong leh. Ss lying low now.Cheers! | ||
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Farmer
Master |
24-Sep-2008 15:17
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This one kana SGX buy-in today for the naked shortists at 290k, quite a big vol....should be last Thurs trade. More to come tomorrow? No more shortist liao,,, Hehehe! |
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left_bug
Senior |
24-Sep-2008 14:50
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No big surge so far. | ||
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Farmer
Master |
24-Sep-2008 14:38
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Standby! Its parent MQG:AU surge > 10% today, has the tide turn? Check it out. | ||
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Farmer
Master |
24-Sep-2008 11:51
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Thanks for the support nicky! Hmm...a trader turn investor, the tide has indeed change. | ||
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