RainT, there is no such thing as a wasted share buyback.

>>>>>>>
RainT after so long and so much share buy back

hope 70 sen is well supported

if not....share buy back is a waste only
12/03/2020 12:35 PM

Your abmb even more shit. Free fall drop from 4.2 to 1.99. more than 50%.

Icon8888 is shit company

>>>>>>>
Posted by Icon8888 > Mar 12, 2020 6:30 PM | Report Abuse

Pchem is a shit company

Icon8888 Holland SIFU, he say he likes it when his stocks go cheaper and cheaper, but in the end who wants that when they put money in?

He started at 2.8
Then 2.6
Now 1.99

Knowing icon8888, when Holland sifu stocks start to not do well, he will go around insulting others and throwing tantrum like a little girl.

No use having a few million house of your grammar needs improving.

Even the Apple autocorrect can't seem to help you.

Godbless, sell a house and sell a car and go back to school.

That is why you should respect investors like OTB. He tells you when he but, he tells you when he sells. At least when he makes money or lose money you can respect his conviction.

I have no respect for those who say they bought at lows and sell at highs all the time.

Cun cun call all the time. Or those whose portfolio only consists of xx and XX stocks but no details on when he buy or sell.

You can always learn new things from OTB.

He is transparent and straightforward.

Even though his investment methods and mine are different, most important is his conviction to put money where his mouth is.

Loose money or make money, no one is ever perfect and 100% hitrate.

Important is to understand the method and analyze the results.

I sincerely hope you do well in JAKS OTB and dk66.

At least you don't defend your stocks by bringing down others selections.

So far there is only one person still happily sleeping well at night, and no margin call yet at my door. I am still up big from last year until today, and my advice remains the same.

Buy businesses, not pieces of papers called stocks.

Buy wonderful business, with long term growth prospects, solid cash and assets, growing earnings, growing dividends and growing revenue.

Buy facts and figures and bet on management, not speculation.

It is true, no one should ever curse others so share price drops and they can buy cheap.

But the fact remains, the clarion call for buying wonderful businesses is stronger than ever.

What are wonderful businesses? You can easily see here, during the worse of times, the share price remains steady. It doesn't go up like crazy during good times, it gives growing dividends and still maintain a profit during bad times.

It just keeps on growing and growing and growing.

Very soon before you know it, everyone starts saying you are buying overvalued, overpriced stocks.

Don't listen to them. Keep holding onto wonderful stocks.

This is the true meaning of margin of safety.

How safe is your stock when things go bad. Do you buy more? Do you hold? Do you sell?

If Jaks is the wonderful company you are looking for, you should be laughing to the bank, breaking the piggy bank and thanking the stars for a cheap acquisition price.

The fact that you are worried and distressed tells you that you know nothing about your business.

To you, Jaks is just another piece of paper to buy and sell.

This is the time for conviction and heavy buying, not fear and distress.

I hope you guys find your wonderful business, I know I have.


https://klse.i3investor.com/blogs/phillipinvesting/2020-03-02-story-h1484657262-3rd_Quarterly_Report_for_The_Borneo_Bikers_Gang.jsp

>>>>>>>

Posted by gemfinder > Mar 12, 2020 8:25 PM | Report Abuse

In tis market, all red counter u said all sod long time ago. Only holding those green one. Blh percaya ke

You can pay 39 million to buy NETX and use the 36 million cash to pay back bank loan. Then you only need to fork out 3 million to acquire NFCP king netx for just 3 million.

Good deal leh.

Calvin you sold 8 houses, what is 3 million to you? Only 1 million SGD. Cheap cheap sale.

Calvin buy NETX! Please! It is a good stock. Please push it up, you can get 106 million value easy

So choivo, you know you are buying a shit company and you about it. The only reason is because the shit still got some value left. This is how you do value investing?

How about stock XX or your other holding xx? Those have a better future and can do well, much better long term future than muhibbah? Why don't invest in that instead?

You are starting to become line Calvin tan buying 30+ stocks.

I don't know about you but I'm a long term investor and it works for me.

Topglove I have held since 2009+, QL also.

Today topglove hut 6.60, all time high.

So it works. You just have to follow the wonderful ones.

If you long term holding bad companies also won't change into swans

You want to invest in a companies whose business model is burning down their factories for insurance money?

Wonderful strategy.

GET THE HENCE SATAN!

NO TRACKABLE PORTFOLIO TALK SO MUCH.

BUT FACT IS MY 3 MILLION IN AVERAGING DOWN HAS GAINED EXTRA 8% IN ONE DAY WHILE WAITING FOR MARKET TO RECOVER.

WHERE IS YOUR RESULTS?

Wow u know so well?
Did you know my other major shareholdings topglove is now at 6.6? I didn't sell a single share of topglove ever.

Don't worry I still have more than 5 million of approved margin. I can get even more of I sell my share of stoneco and put it in Bursa.

So don't worry about me.

Just play with your xx stocks instead.

>>>>>>>>>>


Choivo Capital Well phillip is now officially very close to all in on PCHEM. Left only 2m in margin line i think.
12/03/2020 11:17 AM

Up to you to believe what you want. Again, I will be the first to shake your hand and congratulate you when the stock price but 2.60, rm3, rm5 by June 2021.

You seem to believe he is a good CEO.

Maybe he is misunderstood and is working hard for your Investor sake.

I hope he will bring you good fortune and many dividends and profits.

Congratulations to you in becoming a millionaire in advance. Welcome to the club.

What next?

>>>>>>

Posted by SarifahSelinder > Mar 12, 2020 8:37 AM | Report Abuse

Did u really expect Andy to confirm PAT of Hai Duong IPP is at least 250m bulat bulat mcm tu?

Of course not no CEO worth his salt will confirm like tat n gibe u a PAT figure bulat bulat mcm tu

Tapi Andy dah given strong lead to follow Vinh Tan 1 IPP (mcm Andy tahu we kat sini tahu Vinh Tan 1)

Tat is good enough

That is d strong reference point for FA

People leave companies because of 2 reasons.

1. Money.
2. Bosses.

What do you think happen?

>>>>>>
Please clarify with your mother first. I am a good man. I only went drinking with her. I did not do "insider" trading. You do not need to call me papa.

I stop now.

U nak Sarifah clarify ur kes wit SC? Give ur full name
>>>>>>>>>>

Posted by SarifahSelinder > Mar 12, 2020 8:32 AM | Report Abuse

Philip

U better change ur investing method don't go for drink wit CFO behind d screen

One wonder if the drink wit i philip has hasten d CFO jadi EX CFO? Warning by SC?

Did you chase high like kyy 1.50 for Jaks? Only to be horrified when share price drop back to rm1?

Relax and invest in wonderful companies and you won't have to worry.

>>>>>>>

Posted by SarifahSelinder > Mar 12, 2020 8:28 AM | Report Abuse

U also a low life mcm blur sotong

My name really is Philip. What is yours?

Ic

You give me your full name and ic first then. And phone number so I can call you and give you my name and if.

So? If I had a drink with your mother does that make me your father? If I didn't act on it, then nothing will happen.

Jangan liar, tak insaf langgar dinding.

>>>>>>>>

Posted by SarifahSelinder > Mar 12, 2020 8:24 AM | Report Abuse

Philip

We were talking abt insider info

And fact remains tat u had a drink wit JAKS ex CFO

Sarifah, get this straight ya. Insider trading is when you use inside info to buy or short a stock.

I neither hold nor wish to hold any share in Jaks, due to information I have over the overall structure of Jaks and the profit margins you believe you will get from power plant, I have a different view ( not my own but from third party).

Therefore, I stay away neither making a profit from trading the stock.

Faham?

In either case, OTB is a respected member of the forum, a famous trader and has many students in his group to build an investment group.

Obviously he will be able to clarify and get many investors into the stock and push the price up.

But the question is, why was Andy not in the meeting? Why the IR team not up to date and only join company 2 weeks ago? Why is the company so secretive?

In comparison, my biggest stock holding is in STONECO. This is a copy of the analyst meeting transcript which is uploaded for everyone to see and have colour commentary on results.

https://www.google.com/amp/s/www.fool.com/amp/earnings/call-transcript...

Even during crisis, I am still highly profitable (I bought at usd20, 200k shares,4 January 2019).

Why am I content to hold this stock? Listen to the credibility and transparency and honesty of management. Listen to the tone. Then look at the figures and facts and their strategy of growing the business.

This is the kind of company I invest in where results are backed with facts.

In Jaks you don't have any facts because you don't have any past results to compare with. All you HAVE is SPECULATION and EXTRAPOLATION from other pure power plant plays.

How do you know the profits from power plant will go to you? Andy has already started a solar company subsidiary in Vietnam. What if all the profits from power plant goes to expanding this "company" which then declares major "losses" PURE SPECULATION BUT HAS HAPPENED MANY TIME BEFORE.

I prefer to invest in good honest management, not companies which play money games with honest investors, KYY and OTB.

If you make a profit in Jaks, congratulations to you. I wish you all the best and no harm done ( I don't even know you anyway). But I invest based on real life, not accounting and speculation.

>>>>>>>

Posted by SarifahSelinder > Mar 11, 2020 12:48 PM | Report Abuse

qqq3

How abt Philip?

Do you really think we can believe you bought at lows and sold at highs when you only post your buycalls but don't post any sell dates to take profit?

The fact is you are another trader that "turned" into a long term investor when your stocks started losing money. Poor you.

So far his results this year is the same as last year. More down than up, averaging on his stocks over a long period will lead to negative results.

This is the kind of bullshit fake Christian pastors say all the time. Just like that Korea pastor who say he can cure anything, Calvin says he has bought stocks at lows and sold at highs. But many investors has caught him making error statements that say he bought at this price then change to another lower price suddenly in another post. That is why we need a trackable portfolio to catch this kind of game sifu.

So far in 2019 when I started to track his results, he has never said when he sold any of his stocks, but gives vague crystal ball predictions of when to sell and buy and become cun cun when it happens. Like his purchase into maybulk and sasbadi and scomies, when did he buy? You know his promotions and price. When did he sell? Never a single word.

And his favourite stock, he say he bought at 1 cent and it blind to 2 cent 100% returns.

But when pressed we finally know the answer, he wrote so many articles and promotions but in the end only bought 50k at 1.5 cent to 2 cents.

So now after all his years selling his 8 houses t to make money. That is all he has.

So pitiful.

That's why pastors are all the same, in front they talk about giving to God and tithing, at the back they take the money, give themselves big salaries, and buy NETX with donation money.

Reality is, he lost a lot of money in the years that he had been making proper investments.

So now he creates WhatsApp groups and investment groups, writes articles daily trying to pump and dump microstocks because that is the only way he knows how. Buy small companies with low liquidity, promote the hell out of it, then cash out once young investors get enamoured.

This is the only way in recent years he has found to make money.

A Singaporean cheating gullible Malaysians. Typical.

The day he posts his trackable portfolio ( like I did, with buy and sell dates) is the I apologise and say Calvin tan is really a sifu.

Until then,

GET THEE HENCE, SATAN!


>>>>>>>

calvintaneng 3iii IS SO STUPID

CYCLICALS BOUGHT AT BOTTOM HAVE BEEN SOLD AT TOPS

HE HAS NOT BEEN ABLE TO BE VERSATILE LIKE SIFU RAIDER WHO BOUGHT HENGYUAN AT RM3.00 & SOLD ALL AT RM13.00 FOR A RM10.00 PROFIT

EXAMPLES OF 3iii HOLDING DUTCHLADY AT RM76.00 & PADINI AT RM6.00 WITHOUT SELLING IS REALLY A STUPID IDIOT
12/03/2020 7:00 AM
12/03/2020 7:42 AM

This is the kind of bullshit fake Christian pastors say all the time. Just like that Korea pastor who say he can cure anything, Calvin says he has bought stocks at lows and sold at highs. But many investors has caught him making error statements that say he bought at this price then change to another lower price suddenly in another post. That is why we need a trackable portfolio to catch this kind of game sifu.

So far in 2019 when I started to track his results, he has never said when he sold any of his stocks, but gives vague crystal ball predictions of when to sell and buy and become cun cun when it happens. Like his purchase into maybulk and sasbadi and scomies, when did he buy? You know his promotions and price. When did he sell? Never a single word.

And his favourite stock, he say he bought at 1 cent and it blind to 2 cent 100% returns.

But when pressed we finally know the answer, he wrote so many articles and promotions but in the end only bought 50k at 1.5 cent to 2 cents.

So now after all his years selling his 8 houses t to make money. That is all he has.

So pitiful.

That's why pastors are all the same, in front they talk about giving to God and tithing, at the back they take the money, give themselves big salaries, and buy NETX with donation money.

Reality is, he lost a lot of money in the years that he had been making proper investments.

So now he creates WhatsApp groups and investment groups, writes articles daily trying to pump and dump microstocks because that is the only way he knows how. Buy small companies with low liquidity, promote the hell out of it, then cash out once young investors get enamoured.

This is the only way in recent years he has found to make money.

A Singaporean cheating gullible Malaysians. Typical.

The day he posts his trackable portfolio ( like I did, with buy and sell dates) is the I apologise and say Calvin tan is really a sifu.

Until then,

GET THEE HENCE, SATAN!


>>>>>>>

calvintaneng 3iii IS SO STUPID

CYCLICALS BOUGHT AT BOTTOM HAVE BEEN SOLD AT TOPS

HE HAS NOT BEEN ABLE TO BE VERSATILE LIKE SIFU RAIDER WHO BOUGHT HENGYUAN AT RM3.00 & SOLD ALL AT RM13.00 FOR A RM10.00 PROFIT

EXAMPLES OF 3iii HOLDING DUTCHLADY AT RM76.00 & PADINI AT RM6.00 WITHOUT SELLING IS REALLY A STUPID IDIOT
12/03/2020 7:00 AM
12/03/2020 7:42 AM

This is the kind of bullshit fake Christian pastors say all the time. Just like that Korea pastor who say he can cure anything, Calvin says he has bought stocks at lows and sold at highs. But many investors has caught him making error statements that say he bought at this price then change to another lower price suddenly in another post. That is why we need a trackable portfolio to catch this kind of game sifu.

So far in 2019 when I started to track his results, he has never said when he sold any of his stocks, but gives vague crystal ball predictions of when to sell and buy and become cun cun when it happens. Like his purchase into maybulk and sasbadi and scomies, when did he buy? You know his promotions and price. When did he sell? Never a single word.

And his favourite stock, he say he bought at 1 cent and it blind to 2 cent 100% returns.

But when pressed we finally know the answer, he wrote so many articles and promotions but in the end only bought 50k at 1.5 cent to 2 cents.

So now after all his years selling his 8 houses t to make money. That is all he has.

So pitiful.

That's why pastors are all the same, in front they talk about giving to God and tithing, at the back they take the money, give themselves big salaries, and buy NETX with donation money.

Reality is, he lost a lot of money in the years that he had been making proper investments.

So now he creates WhatsApp groups and investment groups, writes articles daily trying to pump and dump microstocks because that is the only way he knows how. Buy small companies with low liquidity, promote the hell out of it, then cash out once young investors get enamoured.

This is the only way in recent years he has found to make money.

A Singaporean cheating gullible Malaysians. Typical.

The day he posts his trackable portfolio ( like I did, with buy and sell dates) is the I apologise and say Calvin tan is really a sifu.

Until then,

GET THEE HENCE, SATAN!


>>>>>>>

calvintaneng 3iii IS SO STUPID

CYCLICALS BOUGHT AT BOTTOM HAVE BEEN SOLD AT TOPS

HE HAS NOT BEEN ABLE TO BE VERSATILE LIKE SIFU RAIDER WHO BOUGHT HENGYUAN AT RM3.00 & SOLD ALL AT RM13.00 FOR A RM10.00 PROFIT

EXAMPLES OF 3iii HOLDING DUTCHLADY AT RM76.00 & PADINI AT RM6.00 WITHOUT SELLING IS REALLY A STUPID IDIOT
12/03/2020 7:00 AM

Calvin is so stupid he forgot to add himself into the list.

Let's compare his picks.

https://klse.i3investor.com/servlets/pfs/123029.jsp

How many red since he promoted the stocks last year ( exact date of his article promotion and the subsequent results since his promotion).

Now compare his 1 year results versus my 1 year results

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

funnily enough,

PE60 stock QL - went up (23% of last year price) 6.9 to 8.11. I bought including Dividend reinvestment in 2009 around 0.65.
Yinson - went up (45% of last year price) 4.43 to 6.46. I bought around rm0.8 covered including dividend reinvestment in 2013.
Topglove - went up (45% of last year price) 4.32 to 6.28 I bought in 2010 estimated price including dividend reinvestment would be around 0.49 per share
Stoneco - went up (26% of last year price ) 31.97 to 40.31 I bought at 20 per share January 2019.



All of these are stocks which I am holding and haven't sold.

If we use the same calculation, in 2019 my picks all made more than 25% returns except for Pchem and gkent which has dividends to buffer ( and I was buying them expecting for 2021 lrt3 and pic earnings).

Now contrast with sifu Calvin.

40+ STOCKS. ALL RED EXCEPT FOR 8. WHAT IS THE AVERAGE PERCENTAGE? IF COURSE HE WILL TELL YOU HE BOUGHT AT LOW THEN SOLD AT HIGH RIGHT BEFORE THE SHE PRICE CRASHED ( PUMP AND DUMP MENTALITY). BUT NAME ME HIS QUALITY STOCKS WHICH HOLD STEADY IN PRICE EVEN DURING CRISES, HE DIDN'T EVEN HAVE ONE STOCK THAT HELD IT'S PRICE DURING THESE TOUGH TIMES.

WHO IS THE SIFU? HE DOESN'T EVEN HAVE A TRACKABLE PORTFOLIO, I HAD TO CREATE ONE FOR HIM TO EXPOSE HIS LIES, BECAUSE HE LIES DO MUCH HE FORGETS TO EVEN STRUCTURE HIS LIES PROPERLY AND FORGETS WHAT HE BOUGHT.

HE IS THE GUY WHO BOUGHT TALAMT, SCOMIES, SASBADI, MAYBULK, BLA BLA BLA.

I CHOOSE MY STOCKS VERY VERY CAREFULLY SO I STILL HAVE BIG PROFIT FROM LAST YEAR THAT I CAN GO ON MARGIN TO GO ALL IN ON PCHEM AND OTHER GOOD STOCKS.

AS FOR PCHEM,
" how about my investment yesterday of 700K shares ?
PCHEM - went up (8.5%) 4.35 to 4.72"

ANY COMMENTS? I MADE 250K IN ONE DAY. MORE THAN YOUR ENTIRE INVESTMENT INTO NETX, DESPITE SO MANY ARTICLES WRITTEN AND PROMOTED YOU DON'T EVEN HAVE THE CONVICTION TO PUT MONEY INTO IT.

ALL TRACKABLE, ALL CONSISTENT WITH MY INVESTMENT PHILOSOPHY.

CALVIN TAN LOSE MONEY REJECTED AS CITY HARVEST PASTOR NOW COMING DOWN TO MALAYSIA TO CHEAT YOUNG INVESTORS.

WHERE IS YOUR PORTFOLIO RESULTS?

LIARS.

Saudi Arabia can make tons of money if oil price is USD20, while russia minimum cost of production is UD30.

Guess why the oil production costs is now at USD30? Yes, because Saudi Arabia is punishing Russia for starting this oil war and making sure they pay for not following OPEC guidelines to reduce production and maintain pricing.

>>>>>>>
https://www.fool.com/investing/2017/03/19/you-wont-believe-what-saudi-arabias-oil-production.aspx

Why the drama won't last.
Just like the government vote of confidence won't last until the next parliamentary seating,
the oil price war will end before it has even begun. Russia is production costs is 30. Guess what happened, OPEC decided to set the oil price at 30. Russia capitulates.

Why it won't last?
https://www.fool.com/investing/2017/03/19/you-wont-believe-what-saudi-arabias-oil-production.aspx

My portfolio is still good and solid, my 700K stocks in pchem made 8.5% over the short term (I'm not sellling) as I believed I bought a good chunk during the height of the speculation on disaster.

Now the Russia has realized their mistake and caused the crash of the oil prices, they realize they can never compete with saudi arabia and middle east countries.

Middle east production cost per barrel is around USD5, no one can even begin to compete. Russia onshore is 30.

Russia has capitulated, and back to negotiation table.

https://knoema.com/vyronoe/cost-of-oil-production-by-country

Post removed.Why?

Icon8888 asked a simple question, I highlight my stocks to him.

funnily enough,

PE60 stock QL - went up (23% of last year price) 6.9 to 8.11
Yinson - went up (45% of last year price) 4.43 to 6.46
Topglove - went up (45% of last year price) 4.32 to 6.28
Stoneco - went up (26% of last year price ) 31.97 to 40.31

how about my investment yesterday of 700K shares ?
PCHEM - went up (8.5%) 4.35 to 4.72

Did you LEARN something new today holland sifu icon8888?

>
What other stocks don’t get hit in this recent bear market ? Would be happy if you can highlight a few
11/03/2020 10:40 PM

funnily enough,

PE60 stock QL - went up (23% of last year price) 6.9 to 8.11
Yinson - went up (45% of last year price) 4.43 to 6.46
Topglove - went up (45% of last year price) 4.32 to 6.28
Stoneco - went up (26% of last year price ) 31.97 to 40.31

how about my investment yesterday of 700K shares ?
PCHEM - went up (8.5%) 4.35 to 4.72

Did you LEARN something new today holland sifu icon8888?

>
What other stocks don’t get hit in this recent bear market ? Would be happy if you can highlight a few

If you don't believe me and still think INSAS is with it, by ask means use another year to prove your love and buy more of insas at discount price ( same as last year) and collect more and put your entire net worth into it.

If no conviction on the future long term prospects of INSAS, stop repeating and comparing it to QL.

You and I know which company is 13 billion and which one is 460 million.

So, many stories and many speculation. But fact remains. No one wants to take INSAS private.

Why?

Because INSAS is only valuable because it is undervalued. At fair value insas is worthless because no long term prospects.

Many people are willing to pay through their nose for ql, topglove and yinson.

Why?

They have shown their ability to perform historically and promise impressive long term prospects.

That is why QL is overvalued, because they know it will be undervalue 10 years from now.

Action?

Yes you are right. Because we live in the real world. And banks see dangers which you are blind to.

I can tell you the result.

MGO failed.

If it was that easy to do your beloved CEO would have long ago converted warrants and trigger MGO and borrow money from Bank to buy over INSAS.

Why did they NOT do it? Cannot borrow money mah. Simple and easy and true.

If INSAS real value was 2.67 as you say, then answer me a simple question. Why did banks not borrow money to CEO to take over INSAS, do MGO and realize "true" value.

Maybe you should ask this question directly to CEO instead of asking for more dividend.

Assuming including forced selling,

600 million, at 10% the bank interest cost per year is 60 million. He owns 30%, so he only borrow and pay 40 million in interest cost per year. Take out cash and can pay everyone off. Even at rm1.80 he got money to earn.

In accounting land.

But in real world why doesn't bank borrow money to do this corporate

Classic case of those who can't reach for the grapes say it is sour.

My topglove, yinson, stoneco and ql still doing super.

Your stock picks all Holland. Show me one that is still doing well in this environment. You fake Holland sifu think he knows so much but in the end knows nothing.

How is your abmb doing? Success? Iqgroup? Lctitan? SAM?

All your stocks 1 year lows.

Who is the real loser here. If you follow all my picks

Topglove
Ql
Pchem
Gkent
PPHB
Stoneco
Yinson

You would still be up during this time and have ample access to margin to buy attractive stocks.

So, shut up. Everyone at abmb already cursing your mother.

I'm still profitable.
>>>>>>>

con8888 QL growth fuelled by debt

Classic growing itself into bankruptcy
11/03/2020 6:52 AM

Here is the thing about financing debt and financial costs for growth. Is it sustainable? Is the growth in revenue per dollar spent making sense?

And here is the thing about depreciation and amortization. Capital expenditure and assets that you need to understand, and I am sure you do.

Accounting land versus real world.

1. What is the value of an apartment in the middle of nowhere? You build it, it is valued on the books at 200 million. Every year property price goes up.But no one buys it, no one rents it, no one wants it. So, can it be worth 200 million in real world? No. It is worth whatever anyone will pay for it.
2. What is the value of a palm oil mill built in the middle of nowhere? You build it, it is valued on the books at 200 million. Every year it depreciated and is amortised. But everyone needs it, if will run and maintained will bring you huge income and is a must have in a plantation. But after amortisation and depreciation it is worth zero. So, do you throw away your lorry after 4 years?, Do you throw away your crusher, boiler and other machinery after it is fully depreciated and amortised? What is it worth in the REAL world?

https://www.depreciationrates.net.au/machinery

Therefore, accounting value is just a guide for you to understand real world. The problem many investors have is to replace accounting figures with real world understanding.

So, INSAS has a lot of cash? Major shareholder of inari? Financial accounting left right and center? Sure, no doubt. 1.7 billion in accounting value.

Now try to step out into the real world for a bit.
What happens when major owners decide to liquidate inari immediately tomorrow to fund a new project. Will they get full value as in accounting land or only a fraction due to share price cash as in real world.

So step into the real world for a bit. Your "cash" has a amortisation cost which will be realized the moment you sell it. Therefore you real work value is only the interest you can get out of inari aka 5.9 million.

By the way, what is it doing in Australia?

Stop beating a dead horse and be fair.

QL debt and financial cost is being used to fund huge growth. The return on assets and equities justifies it. It is not like lhi or layhong or insas where ever cent spent produces negative returns, failed businesses and lossmaking projects.

This is the reality.

The simple fact of why QL is stable and INSAS is not is because one has a much brighter long term business prospects than the other.

One is targeted to build 1000 family mart stores after which the debt and financial cost will be paid from the earnings and continuously making profits. The other cannot grow tribecar without losing money, cannot build a new dome outlet without losing money on each new shop cannot grow biotech business because revenues not enough to cover expansion.

Just answer this: why in the last 5 years insas share price, revenues and earnings going down and stagnate, while ql share price, earnings and revenues going up?

Simple answer.
Public expectation. Is it justified?
Based on past results, very justified. Ql has been increasing revenue every year and growing net assets.

Simple question to you: who will you support?
The rich spolit kid with 1.7 billion trust fund but only use inheritance money to spend buying frivolous things while waiting for trust fund?

Or the hardworking kid who built 1.7 billion assets out of nothing, has 4 billion revenue every quarter, profitable every year, and tells you trust my performance, I am not done yet, I have more I want to do. I want to double my quarterly revenue to 2 billion and double my earnings.

>>>>>>>>>>
Sslee haha Philip,
Please read INSAS Financial Report. Insas is cash rich. A lot of dividend and interest income. Dividend 2 cents and will ask for more.

Also check QL Financial Report. How much debt and financial cost per year?
10/03/2020 8:38 AM

Post removed.Why?

Why did yinson go up from 6 to 6.30 at this hour? Very simple. Yinson is not actually an oil & gas play. They are a transport play. Their contracts are not based on production per barrel like sapura or armada. Their profits are based on day rate for ship charter over 25 years. Very big difference.

I3lurker, can you stop spamming nonessential things on my portfolio thread? Why don't you start your own and find friends there? You add nothing to the conversation.

Today added 700,000 shares or 3 million in margin Pchem at 4.35.

What do you mean armada know how to structure contract? Read back again, they have the exact same contract details as sapura. Look at their Claire. Same contract. You compare that with yinson contract and tell me it's the same thing.

Don't be stupid, read first then say. You always like to say say before verifying, very dangerous like that...

If you dont understand how their contracts are structured please dont comment. It is written clearly and binding contract, before project begin the client will advance payment to buy the ship for conversion (sunk costs already paid), in eventuality of contract dispute, yinson will own the FPSO plus the penalty of early termination fee.

https://www.offshoreenergytoday.com/yinson-gets-fpso-contract-termination-notice/

They used the free FPSO and the advance cash from nippon JX to do conversion for FPSO helang in malaysia.

So who is the fool now? The contracts is straightforward and not based on production, just a simple delivery and transport.

You think Yinson business model like your sapura? Think again loh. Sapura income based on production, share sales per barrel of oil sold. Yinson business model is straight 10 year/25 year contract, per day rate for delivery, with O&M services optional and separate calculate.

Tell me I am wrong.

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stockraider Remember Yinson is not a wonderful company loh...most of their client production cost above USD 40...u think they don play tricks on yinson in order to survive loh ??

When traders start losing money, then they start becoming long term investors.

I don't see any problems, if you buy wonderful companies you will see the share price will be more crisis proof versus speculated ones.

QL was 6.90 last year, now still holding steady at 8.
Topglove dropped to 4.5 last year, now up to 6.11.
Yinson last year my lowest purchase was 4.09. today still at 6.
Stoneco was 20, today still at 36.
Magni was 2.02, today still 2.09 and enjoying dividends.
Liihen was 2.62, today still at 2.68 and enjoying dividends.

Contrast that to companies that are speculative, with huge debt and high interest payments or buyout plays which didn't happen.

Sapura - 30 cents to 10 cents.
Armada - 23 cents to 16 cents.
Insas - 78 cents to 68 cents.
Bjland - 28 cents to 16 cents.

The fact remains, during good times a lot of speculation on stocks so many share are buoyed by sentiment. During bad times, then suddenly everyone looking for security and safety, and everyone looking for the floatation device.

That is why I always ask investors to buy into wonderful companies ( they always reply everyone got their own methods of making money). During good times everyone complains about the good companies as overvalued and can make monies with speculating penny stocks. However, it is during the bad times that you see the power of investing in wonderful companies.

So continue buying good companies at low prices instead of bad companies at rock bottom price.


As for gkent and Pchem,
Gkent and PCHEM still having good dividends and share buyback, so sleeping well at night should not be a problem.

Still up 50% from 2019 when top up a big quarterly chunk.

How about your beloved counter?


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Posted by whereyoupunter > Mar 9, 2020 10:37 AM | Report Abuse

eh philip apa macam your beloved counter?

I also own QL and topglove Woh. They never move during this period. How come you don't go there talk 3 talk 4? My overall portfolio including stoneco is still up from 2019.

How about your record? Your 30% sailang into sape now gone to dust leh...

Your insas versus QL bet going far far distance Liao.. ql catch up after 2 year now lapping one round around your pitiful INSAS. So how leh?

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stockraider but philip talk like an expert & look like very knowledgeable woh....!!

Agreed. Thank God I didn't also buy the following stocks:

Some idiot bought at 2.85 and he don't know why it drop.
https://klse.i3investor.com/blogs/icon8888/2019-11-13-story-h1480185633-_Icon_Alliance_Bank_One_Off_Provision_Affected_Previous_Quarter_Earning.jsp

Another idiot bought this at 4.15.

https://klse.i3investor.com/blogs/icon8888/2019-01-30-story-h1457006496-_Icon_LC_Titan_Price_Collapse_Shaken_Shareholders_and_Contrarians_Scram.jsp

This idiot bought at RM 1 expecting led lights all over Malaysia to be replaced by success. Pure speculation.

https://klse.i3investor.com/blogs/icon8888/2019-02-01-story192265-_Icon_Success_Transformer_Meets_My_Buy_Criteria.jsp

Oh sorry, I think that idiot bought this.

https://klse.i3investor.com/blogs/icon8888/2019-06-17-story211175-_Icon_IQ_Group_Is_it_About_To_Turn_Around.jsp

Guess what, other than my long term bet on PCHEM,gkent and Serba which I bought recently, my long term holdings into QL and yinson and topglov holding steady. Why? How come?

What are your results like these past few days? Did you sell any sticks out know this was going to happen?

Most likely not.

You don't even know why share price drop today.


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Posted by Icon8888 > Mar 9, 2020 5:36 PM | Report Abuse

one key take away from this case is that you should never buy into something you don't understand and assume you know all

Saprnrg deals are structured very differently to say a yinson. Their payments are based on the selling price per barrel of oil shares with owner. So it's a huge risk, every barrel they produce now loses money. If price is good they make tons, but at these prices they might as well stop operations and make more money that way.

Yinson on the other hand is relatively stable due to 25 year delivery contracts where they are paid a firm fix day rate to deliver, and not based on oil price.

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Posted by Choivo Capital > Mar 9, 2020 3:17 PM | Report Abuse

For Phillip, sell all to go in might make sense.

For me, honestly, for some reason SAPRNG looks very interesting now. Market cap less than 20% of the enterprise value. Banks are funding your bet (because this is nothing but a speculative punt). Would PNB allow SAPNRG to go down right after putting 8bil into the company?

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Outliar I honestly think it would be a +ev move to sell all your stocks and go all in on PCHEM, not going to do it though obviously but still.
09/03/2020 12:32 PM