ramsyll was right about

MBMR above $5.00 by 30-Sep-2012

  • target price: $5.00 ( 8.70 % in 185 days)
  • price when predicted: $4.60
  • current price: $2.09
  • 2181 days pass target date.
  • Exceeded $5.00 on 09-Apr-2012
  • Highest Price $5.38 on 09-May-2012
Contribution from Hirotako & from their alloy manufacturing unit should see MBMR's profit rising around 10% for FYE 2012.

Its proposed bonus (3 for 10), rigts & warrant (3&3 for 10) at an indicative price of RM1.42 and warrant exercise price of RM2.88 issue should see some interest in this counter.
As I mentioned earlier, NTA is RM4.20 and taking a small 1.2X BV, we'd likely to see the price moving up towards RM5.00 thereabouts before going ex.

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Hi Mr Ramsyll,

Actually I'm baffle with this stock because it EPS q-o-q is decreasing yet it's share price it rise upwards. and its earning actually decrease than previous year.

Is it because its already go to the new high??? or because they know it M&A with Hirotako they started to purchase the share and it cause the price moving upwards.

I'm still learning. Btw your profile picture is OC remind me regarding The Book Pit Trader Tony Borseilino.

Best Regards
Hi there Firdaus,


Is the book "The Day Trader: From the Pit to the PC" a nice book to read?

Anyway, MBMR... I don't like this counter ! But that's due to personal reason... They stole Hirotako from us MI's at a bargain price without giving us a chance to realise Hirotako's future potential.

MBMR have been trading below its NTA due to its "unclear" earnings previously. However, it's management seems to have taken it to limelight with the Hirotako takeover, bonus & rights issue, plus with its intention to move into vehicle assembly akin to DRB-Hicom, have spurred some investors interest... The future looks good for MBMR, with Hirotako's results consolidated + the intrinsic value of its shareholding in Perodua.

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