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2020-07-21 16:46 | Report Abuse
When it's raining gold, you bring out the bucket, not the thimble. Changes
My core stocks are still the same, and my profits are still from long term holdings.
I still have a huge position in major stocks, and you can see my total returns from the year.
I don't need any admiration or proposals from anyone, as my investment returns and choices should show anyone the value of investing long term versus trading returns.
In either case, my major holdings are those that have been kept over a long period of time. While the new ones still monitored closely quarterly. I sell based on changes in the structural business itself and not on share price movements.
The reason I sold paramon was because I knew they were selling the college. But with 7 billion in gdv, instead of paying down debt they decided to use the revenue to buy more landbank at high prices.
I view this as a structural change in business structure.
FYI, people can change their minds. Even Warren buffet sold all his airlines stocks a year after buying deep. Should we begrudge him that on his concept of long term investing?
I think not.
2020-07-21 12:43 | Report Abuse
bought uoadev shares @1.88 today. ex date 0.14 cents dividend tomorrow 22/7/2020.
2020-07-21 09:03 | Report Abuse
I feel it is better to give credit where credit is due. Previously we were told that no further dilution or rights issue was required for jhdp financing and internal borrowings were enough to pay for everything.
The fact that this is a management U-turn should be more than enough of a red flag to do further due diligence of the company instead of just assuming jhdp is the be all and end all.
As I said before, if all I was buying was jhdp standalone I will put in every cent I have into buying the IPP. As it is we are not buying jhdp but JAKS the company along with its management, investment strategy, and putting ourselves in their hands as minority shareholders with their use of the company cash flow.
Before no one seems to understand what I am saying and how gleaming profits from jhdp will cure all. But even before any income from jhdp comes in we are counting chickens before they are hatched.
I hope in future investors will learn how to do qualitative analysis and learn to value management quality inn their investment thesis.
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Posted by DK > Jul 21, 2020 8:37 AM | Report Abuse
It is always easier to criticize than to praise. Jaks secured JHDP but hardly hear any good words when the price is under performing.
2020-07-20 20:04 | Report Abuse
I think it is not fair to blame anything on DK. He is also just investing his money based on his own research which he did share with everyone for free.
So why the blaming and scolding? The decision to invest is yours and yours alone.
If you wish to share anything, share your own research and compare the results of your own investments with everyone in your own trackable portfolio. Then we can see the results of your own research.
In any case, everyone gets to learn something about the stock market every day, and a very important oft forgotten rule: managements are a key ingredient in how a company performs.
If you do not put the quality of management into your calculations of how a company would perform, then you only have yourself to blame for thinking investing is easy.
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HeOpens ItFirst At original RI, DK66 promoted it by stating that the price must be above RM1 in order to achieve at least 50% discount of TERP condition. We trusted him by buying the Jaks when it is below RM1.
Now the revised RI, the price of Jaks is worth only RM0.81 in order to achieve 50% discount of TERP condition.
I feel disappointed and learnt a big lesson:
IF YOU FOUND A GOLD MINE, YOU WON'T PROMOTE IT TO OTHERS;
IF YOU DO INVITE OTHERS TO DIG WITH YOU, IT IS BECAUSE YOU AFRAID IT WILL TURN OUT TO BE A DEADLY MINE.
18/07/2020 9:02 PM
2020-07-20 19:59 | Report Abuse
sold paramon today, I didn't like the purchase of land in klcc instead of hoarding cash for better deals at the end of the year. with the sinkhole coming up some more at their land purchase, its something that I did not like paramon doing.
Sold@0.88.
2020-07-20 11:09 | Report Abuse
If you don't have patience and look at the earnings and cash flow in the future, you will only be looking at past results and see only sad things.
As for me I only started to build up my position last year when the revision of agreement was signed in February 2019 and new revision of fixed price contract. I bought it with full expectation of holding on until 2024 when earnings from LRT3 comes in.
For those who are looking at 6 months and 12 months earnings this will not be a good trading stock for you ( just the way I like it).
For those who want security of a company with huge share buybacks and huge net cash position and a strong manufacturing and engineering team, gkent is my pick.
Let this old story continue to give me good cash flow in the future and pay me good returns with dividends and share buybacks.
For those who want to buy speculation stocks, go right ahead. Buy the boring, unpopular and profitable company.
2020-07-18 12:43 | Report Abuse
Are you the same guy that bought PPHB follow OTB buy at 0.945 highs?
If you were wrong about pphb, how to know you will definitely be right about uoadev?
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Posted by MasterYoda > Jul 18, 2020 12:40 PM | Report Abuse
Sorry to tell you but it will definitely drop further,$1.50 in 2 weeks
2020-07-15 16:33 | Report Abuse
Hahaha sslee own INSAS for 3 years still don't know how INSAS works. Worse is Alibaba also don't know how INSAS works but say he knows.
2020-07-14 18:25 | Report Abuse
Very simple question and very simple answer. Would you pay usd1000 to book a car which you have never driven before or seen before or exists? If the answer is yes, then you will know how Tesla is valued.
When you have 500k people paying usd1000 with non refundable usd300 service fee to book a cybertruck, you realize you have just made usd500 million in bookings just on reputation alone.
How many car companies can claim that?
2020-07-14 18:22 | Report Abuse
Still cannot keep to salient points and discuss about INSAS on INSAS thread?
So, let's discuss insas in insas thread and discuss gkent in gkent thread.
Please explain clearly why cash rich company selling warrants and doing cash call?
Very simple. You own INSAS for 3 years you should be able to explain very clearly what is happening. Why undervalue company with hundreds of millions of cash is taking advantage of minority shareholders instead of helping them?
2020-07-14 18:19 | Report Abuse
It's for the QL foundation and it's not so many. It's just a tiny portion that is reflected by joint ownership so every director name is written down. This is to seek and provide funding for QL foundation and charity activity every year.
2020-07-14 15:26 | Report Abuse
I didn't elevate myself at all, but you seem to think that people cannot change their mind when circumstances change. Tagb has been pumped and dumped with explanation and notes. So can you explain if INSAS is still a good stock to invest in despite management doing so many shady actions? If company is so cash rich as you claim, can you give some solid and good reasons as to why they would do cash call and offer deals like preference shares and free warrants?
Why? Stop trying to talk bad about other investors good results ( I have doubled my returns from topglove, and made 30% percent after that on yinson, Pchem, and others).
Please just stick the the thread and it's salient points.
WHAT IS INSAS DOING? WHY IS THE SHARE PRICE TANKING AND CASH CALL BEING RAISED?
You spend so much time talking bad about my other investments like QL GKENT Serbadk kpower, scib etc etc, despite them showing good earnings results and stare price increase after I began my investment. You have been talking bad about QL since 2018, despite seeing the share price climb up and up and earnings and revenue going up and up.
You have so many theories and explanations and shareholders complaints. In the end you keep choosing bad investments and keep talking bad about my investments.
WHY? Why can't you just stop commenting on stocks and businesses that you know nothing about and such to businesses in your circle of competence?
As for stockraider? Did you invest in glove stocks? No? What did you invest in? NETX? Sucks to be you. Sapura? Insas warrants? Wow? What were you doing when everyone was in glove stocks?
I already doubled my earnings. What about you? How are you doing in your NETX?
2020-07-14 10:47 | Report Abuse
Then maybe you can write a formal complaint to Warren buffet why he sell airline stocks so fast after he bought them or sell o&g stocks right after he buy a large chunk?
In investment is about making the right decision and the right call.
Not walk a talk into losing money. You have too much ego and no wish to learn anything new.
In the back account is yours not others. Decision is always yours to make.
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Sslee Haha Philip,
In life it is not how much you earned or profited but talk the talk and walk the walk.
14/07/2020 9:46 AM
2020-07-14 09:30 | Report Abuse
You sold tagb for how much profit? Still want to show off? I sold it and bought some kpower and some scib. So far good results I received my 20% returns much faster than waiting 1 year for tagb to do share buyout.
But you want me to sell QL to buy INSAS? Sorry, not in a thousand years.
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Sslee Good morning Philip,
I sold my TAGB bought at 20.5 cents for profit, no like someone wrote big article on pump and dump TAGB but sold to breakeven or cut loss.
2020-07-13 21:53 | Report Abuse
I'm sorry sslee, you thought investing is so easy, and simply buying stocks in undervalued cash rich companies is enough to make money. But like Leno says...
You are a minority of the minority. You cannot influence the board or buy a seat at the table. All you can do is follow the actions of the majority shareholder.
Now you know why ql is now worth 9.90, and INSAS is barely moving
Quality of management. No matter what they say now you know the truth. Why should a company that is cash rich and has so much assets need to raise cash in such a desultory way?
The simple answer is Financialisation.
2020-07-13 09:20 | Report Abuse
Yes, now you know why I don't invest in INSAS despite the so called "undervalue".
2020-07-13 08:56 | Report Abuse
It means a company with a lot of money still Need to borrow money and minority shareholder still need to shares while owners get to control INSAS company with 33% ownership without risking anything.
So many red flags.
SSLee can you tell me a bed time story?
Why does a company with so much money still need to borrow money from shareholders? I really want to know from your understanding why a honest and undervalued company like INSAS is doing such a thing?
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whitebunny Guys, newbie here. What does the rights RPS with free detachable warrants mean?
12/07/2020 7:06 PM
2020-07-12 00:02 | Report Abuse
Only banks may use customer deposits to do loans. Stockbroking company is not allowed to.
Therefore, since you cannot use what does not belong to you, you have to raise cash in more creative ways.
And if the public is not interested giving out a loan to INSAS or buy the shares, more creative methods need to be raised.
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Hence not a problem for INSAS to use deposits to repay the bridging loan of RM 132 million. In fact I suggest to Board to replace Rights Issue with Bonus issue of up to XXXXXXX free warrants to existing INSAS shareholders. So hold tight to your INSAS share and do not sell cheaply
2020-07-10 11:08 | Report Abuse
What is shit and what is cake. Sadly, now sslee realize the truth of his investment in INSAS. Who really benefits from this investment?
2020-07-10 07:26 | Report Abuse
What is my opinion on this?
Covid-19.
If you look at my portfolio, all my shareholdings still made a profit during MCO period as they are designed to be more resilient during times of economic uncertainty.
For GKENT, in construction they have started back work in April 2020, and I believe it will pick up in the coming years.
Simple answer: if you can see lrt3 project moving in KL, then there will be earning due to GKENT. If the project completes on time, gkent will get far more than rm360 million in earnings in the next 4 years.
I think their track record with LRT ampang, and their other projects deserve a little bit of faith.
Now the question becomes, if gkent receives 360 million in net earnings over 4 years( exclude the water meter production, the hospital construction and their factory assets in Puchong which is undervalued), how much discount will you take before owning this company?
Here let me simplify it further. At 64 cents today, if you can get 6 cents of dividends every year for the next ten years starting from 2021, how much will you be willing to pay to hold GKENT?
However if you believe that gkent will never ever be able to get new projects again... None of this matters.
>>>>>>>>
RainT @Philip
As I read again the recent QR the PAT of RM3726k is included the forex gain
if excluded the forex gain, then actually GKENT is making loss of RM1078k
What you think about this?
So GKENT QR is not as good as it portrayed, as it is loss making operationally.
27/06/2020 12:43 PM
2020-07-09 10:30 | Report Abuse
Haha sslee you finally broke even on your INSAS investments? Very good, now you also can start to get cocky and tell them the results of your 4 year investment in INSAS and how wonderful it was and what your CAGR has been from investing in INSAS...
2020-07-08 21:36 | Report Abuse
I still made more than 30-40% on my other stocks which are still undervalued, including kpower, scib recently, pchem from rm5+ to rm6+,yinson and many more. You are like those who love to swim naked at the beach, not wearing anything and holding on tight tight.
Of course I sleep well at night. My ql from rm8 jump to rm9.7, what is there not to like?
You are like those who are laughing and say opportunity cost etc etc, while the real fact is... You have no idea what the real value of your equities are and if they will stand the test of time.
Let's see if you are smart enough to predict the low z that you can predict the high and sell off your trade at the right time eh kid?
I await with bated breath on your extraordinary ability to buy low and sell high.
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Posted by CharlesT > Jul 8, 2020 8:42 AM | Report Abuse
hold 10 years to make rm10m+ sold few months earlier to see opportunity loss rm25m+...how do u feel just wonder....
2020-07-08 07:46 | Report Abuse
Are you still supporting mnrb or already cut loss?
2020-07-07 11:48 | Report Abuse
I am trading in STAR, and investor with my other long holdings.
The point here is when you use TA or technical analysis (price action theory) to define your investment philosopy, uptrend and downtrend. In the long run, short term technical analysis trading gives you a lot of false signals. The shorter the time frame the more false signals you get.
the best way to "trade" if there is any good way, is to identify market perceptions based on news and results and to buy/short based on that market perception.
Investing is about ignoring share prices and market perceptions and trying to understand the earnings and growth prospects of the business.
Two very different modes of thinking.
Can you tell the difference?
2020-07-07 07:13 | Report Abuse
Yes I heard that MNRB was also supported by a lot of idiots.
2020-07-05 16:07 | Report Abuse
Hmm actually no.
Traders like ackman, Soros and dalio also won huge battle. Trading does not necessarily man daytrading. However those who do short term daytrading on average have 70% chance of losing money.
The most important implication is however mindset. Those that make real money trading do it based on either long term datasets, or long term perception changes in investor mentality. In a way it is similar to how investors look at long term business prospects, but instead looking at market perception of reality.
That is why I have never agreed with "technical" analysis mumbo jumbo to use simplified metrics like price action and moving averages to define trading rules.
Using this concept would have ruined you when tg probe dropped to 14 after qr good results, and take you offguard when price go up from 14 to 18.
This is because looking at the share price to base your perception instead of trying to understand market perception of reality would give a lot of false signals.
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Posted by EngineeringProfit > Jul 5, 2020 2:05 PM | Report Abuse
In short, traders just aim to win a small battle in the shortest possible period while trying to minimize loss of 'soldiers'
On the other hand, investors are committed to a longer term engagement in order achieve a remarkable victory.
Both employ a totally different tactics, strategies and mindset.
2020-07-05 15:49 | Report Abuse
If this strategy work for you how come you still driving myvi and can't pay for your kids college?
>>>>>>>>>>
Take for example of Sohai Philip selling pre maturely all his topgloves recently & lost the opportunity of making another 100% gain loh..!!
If only sohai Philip know...how to use trading strategy....he would have sold off 20% & hoping to buy back at 10% lower loh...!!
But if the price keep shooting up another 30%...he would have sold another 20% hopping to buy back 10% lower mah...!!
2020-07-05 12:27 | Report Abuse
I will try to expand more, as trading can be a very very complex method.
2020-07-05 10:36 | Report Abuse
Yaa.... should listen to stockraider
He promised 2019 after Chinese New Year:
1. Insas will be RM1.
2. Sapura will be Rm3 after 3 years and 3 months.
3. Henyuan will be worth RM25.
4. Insas warrants will fly to the moon
Don't know which is the real sohai here:
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Posted by stockraider > Jul 4, 2020 12:52 PM | Report Abuse
Forget about sohai Philip, he will never agree to your investment method mah.....!!
2020-07-03 18:54 | Report Abuse
Well it depends if you want to be a short term trader or long term investor?
Since you seem to want to earn money every quarter from your investment, you don't seem suited for analyzing long term investing.
Why don't you join CharlesT in investing in glove stocks instead?
Instead of congratulating or asking funny questions. Perhaps you can ask yourself:
How much was the returns of your oil palm plantation in year one versus year ten? Is it a straight line how much you put in, the percentage is your profit?
If you still seek to argue and belabor this point, then I will stop replying here as you do not understand construction industry at all.
2020-07-03 17:46 | Report Abuse
That's not how construction works.
This is like you doing clearing of 1000 hectares in Indonesia for Palm oil plantation and commenting that the first year your profit margin is zero and the plantation is losing money. If this is your frame of mind it is very difficult to invest in mega projects.
Relax and look at the total picture.
You are basing on 2 billion progress claim to say that the company is not doing well?
If using that mental model, a new plantation with investor money and zero income from Palm oil that venture into Indonesia, spend millions to clear land, build refinery and plant Palm oil, the first 20% progress losing money the whole project is bad?
HAR?
Come on. What are you trying to prove here?
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Posted by Sslee > Jul 3, 2020 4:06 PM | Report Abuse
Haha,
Philip LRT3 profit margin of 10% now 2020 only show 0.1%.
2020-07-03 15:20 | Report Abuse
Posted by CharlesT > Jul 3, 2020 3:07 PM | Report Abuse
now i very scare next year will lose like shit n then missing fm i3
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Why you scare next year you will lose like shit and then missing from i3?
So fast trying to escape from bak kut teh lunch? oh no tut tut tut. Lucky glove speculation continue, you were missing from i3 for a while already. now back to your cocky style, so funny.
2020-07-03 15:11 | Report Abuse
The simple answer is: Why? It is to the benefit and approved during last year AGM to issue 10% SBB in the open market.
FYI, how can we trust "shareholders" to act on behalf of the company and buy more gkent shares from open market instead of running away the moment they receive dividends? If the answer is you dont know, it is to the benefit of the company to do agreed upon SBB on behalf of the company.
>>>>>>>>
Q11: Why only two dividends totaling RM 13.44million for the year under review? Will the BOD propose paying dividend for financial end 31 Jan 2021? May I suggest, stop the Shares Buy-Back and use the cash to pay dividend so that shareholders can use the dividend received to buy more Gkent shares from open market?
2020-07-03 15:07 | Report Abuse
Q5 is simple answer. NO, as this is not pertinent to minority shareholder. This information is for board of directors that direct the company on your behalf as a shareholder. If you wish to micromanage everything, then it is to your benefit to take a BOD position in the company by virtue of ownership.
2020-07-03 14:32 | Report Abuse
Q4 is something called Pakatan harapan renegotiation.
2020-07-03 14:31 | Report Abuse
Q1- Q3 very good questions.
2020-07-03 14:29 | Report Abuse
These are very insulting and challenging questions that is designed to incite argumentation. May I suggest a rephrase?
Q6. May I respectfully ask what is management current tenderbook and orderbook replenishment?
Q7. Directors remuneration is RM7 million for 2019, and total profit after tax to group is 41 million. Share purchase agreement of 10% from open market. May we propose remuneration conversion to share purchase agreement or reduction of remuneration to preserve cash?
>>>>>>>>
Q6. For year many IBs recommended a screaming sell on Gkent due to rapidly thinning of construction order book due to no new contracts won. How is management going to rectify this rapidly thinning construction order book?
Q12. I prefer insider (Directors) to load up Gkent shares from open market rather than Share buy-back. If not mistaken the last time insider purchase is on 18th May 2018 by Dato’ Paduka (Dr.) Ir Hj Keizrul Bin Abdullah. May I know why insider not buying Gkent? May I suggest, Directors use the Directors’ fees and dividend received to buy more Gkent shares from open market?
2020-07-03 14:16 | Report Abuse
Q1. It already more than 3.5 years since contracts awarded in Oct and Dec 2016. When will be the completion date for these two hospitals?
LoA was a 48 month contract as per tender requirements, please read the open tender documentation.
2020-07-03 08:47 | Report Abuse
All I can say is stubbornness and confidence can be a difficult combination.
But sslee does raise a few good questions which cannot be answered easily and can only be monitored over a period of time on that happens.
>>>>>>>>
Rwkl Personal attacks , hurling of insults only on i3
However once on telegram, everyone is civil and exchanging constructive ideas
This UM grads.... what are they smoking.......
2020-07-03 08:42 | Report Abuse
FYI,
Just to clear up something as you seem to be insinuating that I am faking my portfolio. Please understand and clear up that if total shareholding is BELOW 5% of total voting shares, there is no requirement or necessity to report to the register of shareholdings. Meaning I can hide behind my Maybank,rhb and public bank nominee cds account.
As for promoting, I am simply writing an article on how to apply margin in buying stocks with GKENT as an example of what I have been doing.
>>>>>>>>>
Then tell me did you promote Gkent since you first bought Gkent?
25-Feb-2019: Buy: GKENT +1,000,000: 1.12
And by the way since you hold millions of Gkent mind pinpoint to me your name in the top 30 shareholders in Gkent financial report?
01/07/2020 9:15 AM
2020-07-03 08:38 | Report Abuse
Isn't this your first words to me when I posted up my article online? When I shared my journey you were so much quicker to judge and comment on my investment of QL, even until today about 2 years on. Funny how 1 year later you are still so quick to comment and promote INSAS 2inari buy 1 INSAS, despite lackluster results.
I'm sure in real life sslee is a fine person. But being a keyboard warrior he loves to just type and comment without checking the veracity of his investment concepts.
So far his concept of cigar butt value investing has been proven deeply... Wrong.
But instead of looking at what went wrong with his investments, he goes over by insulting mine.
Funny how that works.
INSAS 0.65
Ql 9.64
>>>>>>>
“I'm still waiting here for your amazing imaginary results.”
2020-07-02 06:17 | Report Abuse
Thanks James, do join the telegram page to have chit chat over investment ideas... A lot of constructive criticism instead of just personal attacks.
2020-07-01 20:04 | Report Abuse
Hi kong73, I am very impressed with your single mindedness in tracking your portfolio from 2012 until today. Kudos on your hard work and clarity. I hope to maintain a clear investment portfolio online as yours one day.
You seem to have shifted from a trading outlook into a dividend outlook throughout the years. It seems to have done you well compared to the constant buying and selling. I also started with the same outlook on reducing my trading activities in 2009 after losing money for many years before.
I noticed that in total you have invested 106.9k in cash to your portfolio over the years, with a stock portfolio worth 115k today.
Please keep up the good work in tracking your portfolio returns and I hope you do well in your investment over time.
2020-07-01 19:26 | Report Abuse
If I knew the future I would be a gazillionaire. But my investing philosophy is to see what they are doing currently and where the growth triggers are. So far I don't see anything that LHI is doing for them to be as good as QL.
If I was LHI, first I would add more agricultural base. Instead of marine, I would look towards the growing the cow and milk production in Malaysia which is majority imported. This would give me confidence that LHI is diversifying within it's area of competence ( agriculture). Then I want to see them venturing to end user business with frozen food and own brand manufacturing ( family Mart, 7-11, Cold storage). These would be the growth cycle within it's area of competence that I want to see happening that would put it on its way to being a QL or CP or Tyson.
It's like in palm oil plantations. First you want to see them start with their own nursery selling to plantations. Then when they start growing their own plantations you feel more confidence. Then when they start building their own refineries you feel more confidence on their economies of scale. Then when you see them starting to produce their own downstream products and finally exporting own brand products then you know they are growing the right way.
I look at potential growth in terms of capabilities, not just size.
You could be the biggest chicken and egg producer but still not grow.
But if you can add complexity and vertical integration you will realize the growth is exponential.
The simple answer is I don't know about LHI, but they are currently not adding capabilities, only size.
2020-07-01 16:24 | Report Abuse
That is why I put my full portfolio so you know the position size of gkent in relation to my entire portfolio. You already know what size is gkent to my other investments.
If you read halfway then you only have yourself to blame.
At the same time you only read INSAS and QL story halfway and make assumptions on the long term prospects of both companies. Since you use simple metrics like balance sheet and accounting figures to define your investment philosophy instead of making more effort to understand your investments like buying the products, reading the industry journals, market reports, business journals, competition performance, and just use simple metrics to define your investment knowledge.
You have only yourself to blame for your poor long term performance since 2016. Sadly, even worse instead of asking the right questions you keep repeating the same investment philosophy and keep repeating the same mistake year after year
2016 - xinquan
2017 - hengyuan
2018 - insas
2019 - jaks
2020 - tunepro
Year after year after year you keep repeating the same mistake even though it doesn't work for you.
So what has happened?
You missed investing in QL, missed investing in topglove, sold gkent at 50+ cents, sold Pchem at 5+, you have made trading away good stocks and holding on to bad stocks your habit.
Then you go around asking me to show you my details and my shareholding position and prove to you this and that and whatever, as if I have anything to prove to you.
Simple, let us let our INVESTMENTS do the talking. Why do you keep talking about GKENT and QL everywhere and Keep reposting things everywhere?
Please do share one investment so far which is giving you joyful meaning returns so far and how much of your portfolio size is in it?
I doubt you can. Maybe it is time to move on with life and improve your investing acumen.
Hopefully old dogs can learn new tricks.
2020-07-01 16:11 | Report Abuse
Yes definitely. Why not?
2020-07-01 14:43 | Report Abuse
See? Promotion again. But can you explain why INSAS price is 0.63?
2020-07-01 13:34 | Report Abuse
Sorry I value my privacy. Like you said in your very first comment to me that I live in a imaginary world and your investment is so much better. I don't see why I should share further than what is already shared on my online portfolio.
You like to ask for so much info, but you yourself do not maintain a trackable portfolio of your own investments.
Maybe we can discuss further next time that you do that.
You have been promoting INSAS with your buy 1 share of insas get 2 share of inari etc from day 1.
I'm still waiting here for your amazing imaginary results.
FYI unless you haven't figured it out yet, my i3 name and real life is different.
Philip ( buy what you understand)'s Portfolio: PHILIP FARMS TRACKED PORTFOLIO ON I3INVESTOR
2020-07-22 07:52 | Report Abuse
For serbadk tech, I am more interested in the fact that they are using it for o&g predictive maintenance and training for technician's before going out to sites directly to do repair works, which I thought was a wonderful ( and also being done by baker Hughes and Schlumberger. More importantly, this tech is bought from acquiring a cheap Indian company with good programming team, where they generated 121 million in revenue and 20 million in earnings this year. These are facts in annual report.
As for their vr, I did get worried as a red flag especially as they built it in Kota samarahan a be park where no one will go. But then I dug more in depth and found out that this was done to get the government support from Sarawak state for investments in education and integrated theme park which qualifies government grant. They are parlaying this into getting more Sarawak state and Petronas jobs, getting education license to complement their city and guilds license to train o&g technicians, to complement their o&m activities. IT is the cheapest form of investment with the biggest reward if it succeeds, and since Serba IT department is already profitable from day 1 even with weird deployments like halalgo and vr( which is still very cheap to invest in), I am watching my investments closely every quarter.
But appreciate and thanks a lot for sharing on the ad blocking. I'm more worried about the receivables and payments from clients, so I will definitely watch this investment closely. As all my investments in Karim is around 20% of my portfolio, I appreciate all the factual heads up given. But as I have friends in Petronas and since I live in Sabah and have visited their MRO village I am very happy with my investment.
In my opinion being in the engineering line I know exactly what he is up to, so let me simplify.
Serbadk core business is still operations and maintenance. For maintenance of major and large equipment we have traditionally very few options for rotating equipment servicing and repair: send it to Italy, China or Singapore. Today Serba is spending a lot of money to build these facilities in areas where they support by building "villages" with these repair and service facilities in house, together with training centers and vr/ar departments in one center. That is the core business and long game of Serba dinamik after my visit to their offices and sites in bintulu and pangerang.
I will definitely monitor closely if their expansion continues along those lines, but so far as you can see from my portfolio I am up 25%+ on most of my investments with them.