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MIECO (5001) : MIECO CHIPBOARD BERHAD
petracot
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Posts: 133
Joined: Jul 2012		 31 Oct 2012, 12:31 PMPost #21
As expected, MIECO took a breather and corrected itself 10% down from 47.5 sen to as low as 42.5 sen. Those who are brave might want to re-position themselves for the next leg of movement. Of course, nothing is certain in the stock market; every investor or punter makes intelligent guesses and takes calculated risks.
petracot
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Posts: 133
Joined: Jul 2012		 02 Nov 2012, 07:18 PMPost #22
MIECO has bounced back from 42.5 sen to hit intra-day high of 46.5 sen but closed at 45.5 sen today. Investors must take note that the volume is expanding steadily to 700,000 shares today and buyer's rate is at 80%. This simply means people are snapping up whatever shares available but they are not chasing the price. Another words, a group of investors are accumulating MIECO shares!

If this scenario continues for one or two more months, with price holding well and volume keeps rising, all the shares of weak, uncertain or uninformed shareholders will be taken up. I think by then, MIECO is going take off in quite an interesting way.
petracot
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Posts: 133
Joined: Jul 2012		 15 Mar 2013, 11:13 AMPost #23
After a long spell of correction, MIECO seems to be making a come back this morning. Price moves up by 6 sen or 16% to touch high of 42.5 sen per share. Volume spikes up to 2.5 million shares.

I have written about the NAB of MIECO at RM1.54 per share and the possibility of BRDB disposing their 56% stake. The only thing I do not know is the timing of disposal and how close the disposal price would be to the NAB.

At current price of around 40 sen per share, I don't think an investor or punter has anything to lose but more likely something to gain.
petracot
Member Star
Posts: 133
Joined: Jul 2012		 26 Mar 2013, 11:02 PMPost #24
There must be a series of positive news flow before MIECO can really take off in a meaningful way. So far, there were only sporadic short-lived rallies in the past one or two years. But not to worry, be patient if you have bought MIECO in the range of 30 to 40 sen. I don't believe anyone in this group will lose any money! Just remember the net asset value of RM1.54; even if MIECO is going for fire sale at 50%, it could easily fetch 80 sen.
petracot
Member Star
Posts: 133
Joined: Jul 2012		 09 Apr 2013, 01:25 PMPost #25
MIECO got a little bit more active again this morning, with volume of more than 3 million shares and price hitting a high of 45 sen. However, the surge was brief and short-lived and the price fell back to 42 sen again at noon closing.

Though there are some good assets in the company, earnings has not kicked in. The only way to unlock the value of this company is to sell the shares or asset to a third party company. Until then, MIECO would be mired in the pathetic state of 40-45 sen price range. However, if the volume moves past more than ten million a day with gradual increase in price, there may be some light at the end of tunnel.
ILoveDividend
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Posts: 521
Joined: Dec 2011		 22 Feb 2014, 10:16 AMPost #26
MIECO got a little bit more active again this morning, with volume of more than 3 million shares and...petracot @ 09 Apr 2013, 01:25 PM

Hi Petracot,

Do you have any update on Mieco? It just posted its latest report, lose almost RM50mil. star
Brian9818
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Posts: 253
Joined: Sep 2012		 15 Jan 2016, 10:06 PMPost #27
Mieco share price had retraced about 27% from the peak. Who knows what's wrong ?doh
Sebie_Kelate
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Joined: Dec 2016		 08 Apr 2017, 07:03 AMPost #28

ONLINE coaching - Group Premium Student Mahersaham
erkongseng
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Posts: 285
Joined: Mar 2014		 26 Jul 2018, 08:49 PMPost #29

https://kongsenger.blogspot.com/2018/07/mieco-5001.html
Brian9818
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Posts: 253
Joined: Sep 2012		 02 Sep 2019, 10:47 PMPost #30

Latest Qtr result shown green, Turnaround play ($0.32) ?
i4value
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Posts: 621
Joined: Aug 2020		 23 Oct 2023, 09:53 AMPost #31

Whenever I hunt for Bursa timber/wood-based companies, I compare them with 2 reference companies where I have detailed analysis - Eksons and Taann. This will give me a quick assessment of whether to pursue further. In this context, over the past 11 years, there was only 1 year that Mieco ROE was better than that of Taann. Compared with Eksons, Mieco did better for 5 years. Not exactly an exciting track record.
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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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