very late check in... Page 8
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Wish everyone a Happy & Prosperous Bunny Year!

Cya on Monday

Hi minna san~~~ welcome back...
Gong xi Gong xi~~

yes, every client is assigned to a dealer/remisier....
check ur statement... ur dealer/remisier code should be stated...
go check out yours la.. maybe u got a lenglui remisier

Anyone into Sarawak Election play ?? seems like TheEdge is cooking it....
Naim, Cahya Mata, HSL, Dayang, KKB etc...

Me got very little Naim... mainly for longer term, not only S'wak Election...
http://www.theedgemalaysia.com/highlights/...ion-stocks.html

Perstim -> Perusahaan Sadur Timah....
Tin is their raw material....
raw material price up may affect their operational cost and profit margin...

not recommending or influencing...
but if i got pchem @ 5.20.. i would just keep in the freezer and forget abt it

PNB bot 5% [12.5M shares] into Naim~~ avg price RM 3.40
at the same time.. Camel bank says "buy" Naim, TheEdge hardsell S'wak election...
all that boost confident....
happy with Naim today~~~~~

This post has been edited by mopster: Feb 9 2011, 03:56 PM

MPHB announcement out.....
-MOU-
~they are going to buy the remaining 49% of Magnum... cost to buy share and loan stocks is about RM 1.6B..
~purchase to be satisfied with issuance of 343M new MPHB shares @ 2.30 and 800M cash...
~rationale is to make gaming as MPHB's core with 100% ownership of magnum
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is it practical to list Magnum after this exercise ?

This post has been edited by mopster: Feb 9 2011, 07:47 PM

hehehe.. lets go back to chopping board...

***I assume the segment reporting for gaming in Qtr report only consists of 51% of Magnum's profit. If it is 100% of Magnum's profit, then the whole calculation is void. ***

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Added on
MPHB Gaming Profit Before Tax for 9Months : RM291M
Assume full year Gaming Profit Before Tax : 291x4/3 = RM388M. lets round to RM360M

The additional 49% of Magnum shares will increase annual Profit Before Tax by approx RM360M.
i dunno how much is the tax, so use 25%. profit after tax : 0.75 x 360M = 270M.

Currently MPHB has 1.077B shares. With 343M new shares, total shares will be ~ 1.4B [havent consider RCULS]
so the remaining magnum stake of 49% will bring in additional ~0.19c [let's round to 0.20c] EPS annually to MPHB....

4 rolling Qtr profit = 328M. With additional 270M from the 49% of Magnum, that will total to 600M annually.
RM600M / 1.4B shares = 42c EPS..
Last traded : RM2.70 [round up]
PER : 6.42x
30% of profit as Divvy : 12.6c or abt 4.7%Yield [i dunno their divvy policy, could be 50% . if ur cost is lower, of coz the yield is higher]

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Added on
At the moment, MPHB has about 750M cash, 1.8B Debt..
~the share dilution is probably offset by the new income.
~only thing is how they plan to finance the 800M cash.
~i believe this exercise will increase debt by a bit but also increase eps and dividend by a bit. no "Big" impact.
~However, it will be a different ball game if they wanna relist magnum after that

***just some newbie calculation only~ kindly point out the mistakes... ***

This post has been edited by mopster: Feb 9 2011, 08:47 PM

a new day low....
dali wrote abt $1B market cap companies.. good read imo...

lol... first week already satay arnab.....
feng shui chart still accurate up to this point...

index dropping,
weakness showing,
traders throwing,
so... let's go shopping!

Palm oil output drop by 14% in Jan... no reason given...

thats the biggest single day fall i've experienced....
still surviving

only know Maybank kena downgrade because of poor BII profit.. dunno why other banks follow...
banks are pulling down CI...

EPIC result out....
~lower rev because of lower O&G activities.. not sure if this is related to NorthEast monsoon... hopefully O&G activities will pickup this year with the berantai and etc projects going...
~paid lesser tax, probably thats why EPS is better than preceding qtr..
~why no divvy?! no mention of divvy in Qtr report. Hopefully they announce by march, like last year....

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Added on
DayangDayang 800M contract from Petronas... no wonder up up up ...
good for Naim~~

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Added on
wahh pana-chan strike jackpot again... panamy 44c EPS.. highest in 5 Qtrs~~~

This post has been edited by mopster: Feb 10 2011, 07:17 PM

anyone "pai tee kong" ? LOL happy pai tee kong okie ...
pray tomolo rabbit jump .. not become satay...

Suncity lowest in 2 months.......
Offer price 5.20.. now 4.20... cheap ?

welcome welcome~~
u very chun... now 4.20 got some bigger Q...

imo, yes... 4.20 and below can buy for medium/long term..
myoswee agrees too

OT --> ur wife doesnt follow this thread... does she ?

This post has been edited by mopster: Feb 11 2011, 04:37 PM

RHB, Genting, YTL, AMMB....

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Added on
i think many ppl kena trap by Mubarak... rumour spreads that he was to resign but but totally different story when he spoke.....
and he was late by about 45mins...

today heavy bleeding.... not much blood left...

This post has been edited by mopster: Feb 11 2011, 05:01 PM

need some good Qtr result to console me

any possibilty IGB suspend to start REIT ?
KRiss is the management of MidValley...
change KrissAsset to REIT ?
just my guess

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Added on February 11, 2011, 5:11 pmLOL... KLSE ai si mai si... but moppy confirm si liao....

This post has been edited by mopster: Feb 11 2011, 05:11 PM