Since i3lurker is taking a position against me on star media group, I will add a small position, and monitor how it goes. Oh look, it's up from the price I bought it this morning.

4% up and a 7% dividend to look for to.

When price is cheap at 6.50, you complain. Then 6.90 you complain. Now 8, you still complain. Every day complain.

We are not talking about buying price here, but what companies are reliable.

>>>>>>>>>>

Posted by stockraider > Apr 14, 2020 10:00 AM | Report Abuse

But if u overpay like QL now....u need to ask...will the company going to goreng or not loh ???

The answer is very simple. This happens all the time because investors buy based on future results, not past history. Everyone always forgets that.

If you know what the results of hengyuan, latitude and jobstreet was going to be in 5 years, how much are you willing to pay for it then?

Imagine if you are buying a house with millions today. If you find out tomorrow that a giant sewage treatment plant was being built next door, what would be the price tomorrow?

As for that 19%, do you think if you suddenly dump the entire amount tomorrow you will get 800 million in cash? Share prices are very volatile things, and INARI has dropped from 2.50 to 1.18. do what is a share price? It is merely the confidence level that Mr. Market has in the company and its ability to produce earnings, revenue, and retained assets that can be given out to owners.

Inari is worth more than INSAS because of its commitment to growing its revenues and earnings, and sharing those earnings with its share holders.

INSAS is worth far less because it is not interested in sharing it's earnings with shareholders, unless they accede to major shareholder requests. But who wants to be a beggar, or stupid enough to lose something to gain less.

A fairer move would be for Thong to sell half their shareholdings to 15%, and let INSAS do SBB so their ownership goes back up to 33%. But then more excuses come up. And so on

In the end share price is about trust, industry, management, just as much as assets.

The moment you can feel no honesty and trust from management like Jaks, protasco, insas, xinquan, no matter how much money the company has or how much it earns, we should stay away.

This is a part of quantitative investing that can only be gained through bitter experience.

Good shareholder centric management works in a very clean and simple way. Public Bank, QL, topglove, PCHEM, even gkent and yinson are very deliberate and transparent. Their message is the same, no hidden information, very little share dilution, growth is usually not at the expense of shareholders.

Warrants are a good thing? Esos a good thing? Preference shares good thing? Private placements a good thing? None of those reward existing shareholders, unless you are have been brainwashed. All of these things done has to be weighed by the growth in earnings and revenues.

That is how one part can be with more than sum of parts.

>>>>>>>>


Kctai3007 From an investing viewpoint, how is it possible that Insas’s 19% interest in Inari (RM800m) is worth double the entire market capitalisation of Insas (RM400m)?

How can one part be worth more than the sum-of-the-parts?
14/04/2020 7:52 AM

Investing is a marathon, not a race.
If everyday they can buy back 100k shares, in a month they will buy back 3 million. In a year they can buy back 36 million shares. Don't
At nosh of 538 million shares, that is not a small thing, to increase your ownership by 10% without doing a single thing.

For me far better than dividends. If they announce a 1 cent dividend, I will have around rm68k+, which I can buy around 100k shares, which I can only increase my shareholdings by 1.47%.

So for me, I don't really worry about the share price except when I am in the market to buy more.

That is why you rarely hear me talk about share price this and that. I prefer to delve on the bigger things like if the company revenues and earnings are real, will it go bankrupt, what is the source of revenue in the next few years, how to replenish order book etc.

That is a far more pertinent and useful question, rather than asking why so many seller. Just be glad that the company is aggressively buying back shares. Some companies that are very "undervalued" don't even do SBB. And when the directors are questioned why they don't invest in their own company, thousands of excuses come up.

>>>>>>>>>>

Posted by SHQuah > Apr 13, 2020 5:51 PM | Report Abuse

Philip....how I wish you are a multi millionaire. Today SBB also cannot support the price. If you are Gkent boss, I am sure the price above $2. Just don't understand why so many seller ?

I stop at criticizing INSAS and NETX because both sslee and stockraider have the same response as bitcoin speculators when people criticize their investments.

I don't think they are value investmests at all. In fact, I believe when the next qr for mar 31 comes out, the unrealised losses from fair value of financial assets, coupled with lower dividend from inari will bring a negative share price drop in earnings for INSAS.

Undervalued? Sure thing.
>>>>>>>>

https://youtu.be/NBVDqAHQ4-M

One day you will learn, it is really hard to go bankrupt if you don't have any borrowings, and no annual losses.

I think star is worth 15 cents

Oh really?

Gdex share price today 13 April 0.2.
Star share price today 13 April 0.26.

If that is the basis of your analysis, no wonder you don't buy any stocks.

>>>>>>>>>


i3lurker thats just because Philip selected a "very extremely low level" company.

My point and message is that,
I simply throw a stone and hit one.

I just simply select any other company in the "twenties price range" like Gdex will be 1,000 times better than Star

What is a TP?

Finally we see the quality of your investing.

>>>>>>>>

Posted by i3lurker > Apr 13, 2020 9:52 AM | Report Abuse

Philip keeps on pressing me for stock recommendations.........

well here you are!!

BUY Gdex at 20 sen

rationale => growing business, buy the growth while its still cheap.

If this happens the pump and dump plan will be excellent.

The star is already being valued at below liquidation prices.

With net cash and zero borrowings of 380 million it is already selling at a steep discount.

While waiting for the 50 million bank guarantee from JAKS ( have they paid that yet?) Which was approved by the appeal courts to be paid for LAD delivery since 2018, they are very behind time.

On top of that 140 million sale of land at seksyen 13, they still are owed the tower A of offices for the Star new building.

Yes their position is tenuous, with falling readership and dissapearing earnings.

But I believe they do understand that digitalisation is the way to go, and as long as they are not losing huge amounts of money ( already passed the MSS layover phase), they are a very tight ship now which I do believe should work out in the short to medium term.

Their circulation is still the biggest.

your prediction genting >4 next week is chun chun call...

To be honest, I really dont see the problem, as per takeover code, they can stop taking in MGO at 50% ownership. They currently have 33%, so they only need to obtain another 17%.

The rules state that the MGO has to be taken at the highest point within the past 6 months, or giving offer for a period of 21 days.

With the NTA and assets of RM2.65 (according to stockraider, RM3.6?), They can easily begin a huge buying spree and buy 10% of the market cap (38.8 milion) at drop down prices of RM0.56-0.72, and initiate MGO for the rest of the 7% at RM0.9. So for slightly under RM90 million (which they can easily borrow from the bank to cover assets of 1.6billion/2 (800 million)), they can make a unrealized profit of 700 million.

What bank would not cover that loan? How could they be so blind?

Why need a MGO waiver?

But a simple coffee and meeting with investment bankers and professionals regarding their opinion on this "deal" and the reputation of Thong in the investments circles, that is simple scuttlebutt at its best.

Instead of hours asking Thong why he doesn't buy his own shares, a few minutes asking other investment bankers and fund managers why they avoid buying shares in INSAS would yield a very different picture indeed.

But then again, they might just be jealous of the investment and business picking capability of Thong and their family, and INSAS will be a wonderful investment in the near future.

Who knows?

But I think the best qualitative view of INSAS is to treat it like a closed ended fund similar to ICAP business model, except they invest more in startups and microcaps. Rather than assets and dividends, look towards the earnings and revenue growth of all the subsidiaries and stockholdings of the company to define your investment philosophy in INSAS. If INSAS babies are consistently growing and building revenue without needing money from mama insas, then it will be a wonderful buy.

Else, the warren buffet view holds,

“Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce — gold’s price as I write this — its value would be $9.6 trillion. Call this cube pile A.” [Gold @ $1400 Sept. 3, 2013 but overall point remains valid.]

“Let’s now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world’s most profitable company, one earning more than $40 billion annually). After these purchases, we would have about $1 trillion left over for walking-around money (no sense feeling strapped after this buying binge). Can you imagine an investor with $9.6 trillion selecting pile A over pile B?"

Earnings and revenue growth always wins over shiny assets.


>>>>>>>>>>>>>

Even though I did some analysis and was fully aware that o Insas had shown poor business management performance indicators over the years , e. ROE and ROA (< 4%), very low DY, .. that Thong did not have a good reputation in the investment circle, Insas-WA (EX price > RM1.0), still fallen trap to nfor being disseminated in forum. Sigh !!
12/04/2020 12:51 PM

I3lurker if you look back at your last 5 pages of comments, you will quickly realize you have not given a single constructive comment other than bandying Troll remarks.

It would be good if you can actually spend time to talk about stocks that you actually holding or would buy.

Easy to be negative with everything and anything. But if you don't actually talk about buying stocks or stock valuation, what are you actually doing here???

Facebook is somewhere else.

Not permanent probability. It's a tapered reduction, with heavy reductions this month and slow increase in production every few months.

Those are all private companies bobii, and start has 390 million on cash, a printing factory, publishing license and a bunch of condominiums and offices.

And zero debt.

But to be honest, only the proper application of margin has currently helped me reduce my unrealised losses. By constantly averaging down, I think this will be a wonderful crisis to build up your next fortune.

The sad thing that I realized? The stocks that I bought based on good dividends, low PE and strong cash levels seem to be underperforming, while the stocks that everyone seems to be criticizing me for holding long term for having PE of 50+ like QL and Topglove, they are the ones fuelling my heavy margin buying in 2020 without a single margin call.

They haven't let me down, or dropped below last year's prices a single time.

In the end the trick is still to buy a stock based on its future revenues and earnings. Not it's past dividends, assets and cash. But without having a crystal ball to see the future? That is where the accounting stops and the investing at begins.

In a way, koon yew yin golden rule is true. It's just that he simplified things too much into a simple set of rules without understanding that businesses, management, industries and competitors are a dynamic set of factors and you can't simply investing to just a few vectors.


>>>>>>>>>

https://klse.i3investor.com/servlets/pfs/120720.jsp

Who should I trust? A half baked article written by KYY saying that the trailing PE of glove stocks has gone to the moon and will always crash? Or management orders who I paraphrase" overwhelmed with orders from international customers. Panic buying. Usually buy 10 containers but now order 20 containers."

I am starting to believe KYY is more a lucky buyer and using marketing promotions and margin levels to overwhelm penny stocks and buying up the liquidity to artificially raise demand by reducing supply, instead of investing in companies that actually perform over the long term.

Poor young ikan bilis.

>>>>>>>>

https://klse.i3investor.com/servlets/fdnews/248240.jsp

Funnily enough, he then goes around and starts badmouthing other stocks again using just one valuation factor again ( high PE) while saying topglove and hartalega overpriced.

To me he has become another sslee and choivo who simply thinks a stock with high PE is bad and will crash, without understanding that all of topglove and hartalega lines are full, they are running 3 shifts a day with full government support, and their orders has increased to its maximum limit by 50%.

And still be thinks share price and of PE should be based past historical results, not future earnings.

They never learn.

Cash will always be cash and it will always be there, especially backed by good dividends.

I believe that Star Media Group has all the tools and weapons to compete in the market. They still have the biggest subscription markets of English newspaper in Malaysia.

That is the difference between it being a screaming buy for me and a cigar butt company in my book.

But you are right, current management does not know how to monetize content and produce it effectively currently.

However with the right CEO and mindset in play, I think they can easily break the current price, which is selling below net cash levels.

This is how I look at it currently and why I believe the Star will be a penny stock that can be invested in.

Turning the business around is definitely difficult, but not an impossible task.

OK.


>>>>>>>>

Posted by qqq33333333 > Apr 12, 2020 11:48 AM | Report Abuse

Jaks vs Gkent end 2019

I offered you several times but no response from you....

so technically, I won, u didn't lose.

I would suggest you finally start buying stocks instead. Make a stand, make a position. Stop trolling and show some guts.

Just remember the price of failure.

>>>>>>>>

Posted by i3lurker > Apr 12, 2020 11:35 AM | Report Abuse

maybe I should short QL?

I believe the results speak for itself. If you ignore the blip that was the trading done by OTB group to push the price up to 1.18, and the subsequent crash. If you had bought and held, at today's price of 0.59, you would still have had a 20% unrealised profits over a 1 year holding period.

I wonder how the stocks that you did invest in turn out.

I hope you will share your stocks that you did choose instead and your results, Eddie.

>>>>>>>>>>

The management team must really up their game like what their competitor does, by expanding their market base. The management is a little bit conservative in that sense.

I am still very unsure whether to invest in this Company. Appreciate if Phillips can shed some light into the future business performance as you know so much more about this company than us, when you have family members as shareholders and employee of the company.
05/11/2019 11:05 AM

Spoken like a child.

>>>>>>>>>>

i3lurker any other person, even me, can be a better CEO

how difficult is that?
12/04/2020 9:48 AM

Very interesting.

On what basis do you say the Star Media Group is near bankruptcy? Is this another speed of light insights that you have where you went back to the future and saw the LIGHT?

this is a fact based investing forum. Please limit your insights to non-fiction.

Or give exact details why the accounts and business fundamentals of the star Media show losses every year, heavy debt and huge creditors which will lead to bankruptcy.

If you cannot, then I expect you to retract your statements.

>>>>>>>>>>

Good CEOs understand what the customer wants,
not just stuffing the website with interstitials coz you are near to bankruptcy.
When you convey message you are near to bankruptcy, no one will want to subscribe.

Well you are paying 190 million for 800 million in assets of which 380 million is pure cash.

If they finally find a semi capable CEO willing to restructure the entire the mindset of the company to embrace digitalisation methods, it could become an interesting endeavour.

The search continues.

Personally I wouldn't mind paying rm10 per month to get access to online video feed for all of Jason's food,mark Wien's travelogue,yitiao video content on thestar webpage,on top of localized journalism content and investigative journalism.

Hi newbie0916, I am sure you are correct and OTB is correct as well, he just mix up some info probably.

https://en.wikipedia.org/wiki/China_Energy_Engineering_Corporation


>>>>>>>>

https://nbn.media/china-power-engineering-consulting-group-co-ltd-cpecc/

How about now, today,

Gkent 0.685
Jaks 0.965

We start today 12 April 2020, and we end 12 April 2021.

Loser buys the winner a meal at 海底捞, is that ok?

You get your full Jaks powerplant startup by end December, and a quarter to see what the real earnings and revenues are. And I get 48% claim for lrt3 and mrt2 works revenue to come in.

I think that sounds fair.

Sorry, lose what again? I didn't know I was competing anything against you? Who are you by the way? You only joined the forum in February 2020, how did I have any "bet" with you at end 2019?

How much have you lost?

Exactly.

FYI, I don't own a single share in this company. I may or may not buy stocks in STAR, I am not obligated to inform you if I do.

And yes, Warren has sold all the newspapers companies that he has to another party.

since KYY has already abandoned you, let me leave some pump and dump articles for ikan bilis to follow.

https://klse.i3investor.com/blogs/philip5/2020-04-11-story-h1505927167-My_Second_Pump_Dump_Article_How_to_pump_with_a_Conscience.jsp

Since we are all trading pump and dump articles, here is mine:

https://klse.i3investor.com/blogs/philip5/2020-04-11-story-h1505927167-My_Second_Pump_Dump_Article_How_to_pump_with_a_Conscience.jsp

https://youtu.be/xXHbXrRdQ-I

This is also a wonderful episode, that gained a lot of viewers and subscribers from vietnam.

My second penny stock article is out.

https://klse.i3investor.com/blogs/philip5/2020-04-11-story-h1505927167-My_Second_Pump_Dump_Article_How_to_pump_with_a_Conscience.jsp

My second pump and dump article is out.

https://klse.i3investor.com/blogs/philip5/2020-04-11-story-h1505927167-My_Second_Pump_Dump_Article_How_to_pump_with_a_Conscience.jsp

Poor mable. Abandoned by KYY.

In all honesty, everyone was hoping for a 15% reduction in oil production to stabilize the price in light of the OPEC+ agreement between russia and saudi, however the reduction was a little too late to catch, 10 million barrels a day when consumption is expected to drop by 16-18 million barrels a day.

I think KYY has every right to buy or sell stocks, he has no need to explain to anybody least of all you or me. However, the series of pump articles followed by a very big and silent dump article seems to me a very ungentleman way of handling things.

Pity the ikan bilis.

I think I will stop replying you here. You have the same attitude and the same quality as those other individuals that you have just mentioned. I think you may be better served to start running value investing classes and collection subscription fees or charging to write articles or even write a book. You certainly talk as if you know very well, and you certainly don't need a portfolio to write financial articles.

I think I will stop replying you here. You are a troll, plain and simple.

You are not interested in learning new things, but simply trying be a troll and antagonize.

Your portfolio strategy obviously isn't working in buying insas long term.

So why don't you stop commenting on mine and go over to your insas and troll there. I have stopped commenting on INSAS. I think it is a lousy investment (and it has been for the last 3 years - https://www.google.com/search?q=insas+share+price&oq=insas+share+price&aqs=chrome.0.35i39l2j0l6.2103j0j4&sourceid=chrome&ie=UTF-8) long term. You obviously think it is a wonderful investment (despite not feeling the returns).

Good luck to you and have your fun elsewhere. You are a waste of replying space, where others look to learn things, you simply try to have your own confirmation bias.

I have never "shown off". In fact, I have never sold a book, promoted a subscription, or given a class. All I have done is provide transparency in how I invest and the results that come with it. You will never find another investor who updates his trackable portfolio and his articles in keeping with his investment philosophy. You instead have chosen to follow (and don't deny it) fake sifu and biased writers to bad results.

If you wish to lecture me about ethics? Know that in this forum, it is full of unethical and ungentlemen investors. Say bad things? when you hear things you like about stocks you hold, you say it is nice. You hear unfriendly comments? you say bad things. But when have I ever said it was untrue? If you see my comments on your stocks, it comes honestly and from how I view your quarterly and annual reports. Do I profit from what I say? Do i short jaks and inari and insas? NO. I just point things out as it is.

I think most i3 sifu is unethical, biased and do not have a shred of results to back things up,

You included.

https://klse.i3investor.com/blogs/tradeview/2020-04-11-story-h1505926983-_Tradeview_2020_Open_Letter_to_Koon_Yew_Yin_on_Dayang_Margin_Ethics.jsp

GO AWAY.
>>>>>>>>>>

Or had you earned the license to kill (Say bad things about Inari, Insas, Choivo, Ricky Yeo, Icon8888 and KCChong) just because you have results of your own to show off?

I didn't say you were wrong about vitrox. I said that you didn't know anything about vitrox but commented as if you do (until you learnt something new).

But you posted this sentence, "Vitrox your favorite with no revenue or net profit growth but people still chase it to PE of 47 is disaster waiting to unfold."

How long have you been studying vitrox to suddenly point out it is a disaster waiting to unfold?

>>>>>>>>

So am I saying bad things about Vitrox without fact?

https://klse.i3investor.com/blogs/Mentalmodels/2020-04-11-story-h1505926147-Building_A_MENTAL_MODEL_of_Covid_19_or_how_to_invest_AROUND_the_VIRUS.jsp

Hi Chong. I am still holding my shares in Stone Co. In the end, herd immunity or social distancing aside, we will get through this crisis.

If we don't and the virus mutates, then there is no point holding any asset.

So if we have to believe in something, believe that one day things will recover. So if it does, then holding on to stoneco will probably be a very profitable activity.

It depends your skill level as an investor.

Maybe if you show me your portfolio first I can tell you what is wrong.

But if you are a gambler, then your jiwa angkuh dan liar is not going to help you.

How long have you been trading in the market?

And before the invariable comment on losing money comes around, let me clarify. When warren buffett says never lose money, he doesn't mean that literally. What he means is to always buy something for cheaper that it is intrinsically worth years from now. Buy companies with a proven competitive advantage, good revenues and growing earnings. Low debt, good cash levels and good share holder management (share buybacks, dividends, no ESOS). etc. etc.

Losing money is when you buy things with finite life, taking on margin, short term trades that become long term traps. unsold options, cutloss etc.

The fact is, if you buy a stock and you didn't sell it, in the short term the price will always be volatile. But in the long term it will either go up or down.

Or you might be losing money in opportunity costs.

Rule no. 1: Never lose money.

As for Serba Dinamik, look at the strategy and management explanations from Karim.

https://youtu.be/B9ncqlT_cSg

He started his business in 1993 doing rotating equipment servicing, in bintulu with 3 staff. And growing it to 1 billion in revenue today. Does he sound like a fraud or an earnest man to you?

Somehow he doesn't give me the feel of those snakes who are starting a company just to cheat and sell shares. In fact, he seems like just another engineer, and one I would like to know more about.

If you look at his history, he went into CIS and middle east at the right time, just when GE and Siemens and ABB were leaving the country and they step in with cheap price, 20 year experience and know how in servicing, supplying and maintaining rotating turbines and equipment, doing overhaul in bintulu.

I feel the 10+ billion in orderbook with a yearly replenishment of 2.5 billion per year, a double digit growth versus peers, and low PE, 3% dividend is a good number allowing serba to stabilize its market reach, while being in the right position where the cost of oil production is still positive (compared to the rest of the world, at USD5 per barrel).

https://www.thestar.com.my/business/business-news/2019/06/20/serba-dinamik-can-meet-order-book-target
https://www.nst.com.my/business/2020/01/555375/serba-dinamik-ambitious-achieving-rm15-bil-year-end
http://staging.serbadinamik.com/?p=5023

So far, with the oil production reduction agreement, there will be less production (more O&M programs) to overhaul and clean rotating equipments. And best of all, with the new updated and upgraded internal facilities, they have scale and better facilities compared to their smaller and less financially equipped competitors, who will be reeling with the coming storm.

In my opinion, those who managed to generate good debt before the covid-19 storm will have some breathing room to navigate the economic coma coming.

SSlee, I find your activities in saying bad things about other stocks without any results of your own very baffling. Your chasing low PE stocks doesn't seem to have the results that you thought it would, either. So, are you a disaster waiting to unfold?

there is always a likelihood of anything happening. But I dont understandd the question, payment is guaranteed, so delayed or not gkent will be getting paid.

As I am a long term type of shareholders with a planned holding pattern of beyond 2024 (where lrt3 completion is expected, I dont see the point of your question.

If you are a short term investor, then the simple answer is I dont know if it will rain or shine tomorrow.

The good news is, Moscow and Saudi is cutting volumes by 10 million barrels day.

Bad news is, the world economy due to covid19 is reducing oil volume usage requirements by 16-18 million barrels a day.

Good news is, USA and the rest of the countries has not finalized their oil production reduction plans.

Bad news is, Mexico is not reducing its 100k barrels per day as required.

Worse news is, more than 10% reduction in production is required.

Good news is, Serbadk contracts are based on man day charge contracts which has a fixed yearly term, and not based on the price of oil.

>>>>>>>>

https://www.ft.com/content/c7a1e2e6-8c17-48d5-8c16-edce911b5cbb