It actually trade at 6.53 at the lowest end, please check the daily data from your IB. Not from i3 please.

This complexity and vagueness of the business is exactly why I avoided it, even with the. " Net asset value" that seems to be apparent with insas. I just can't shake the feeling that insas will use shareholder investment in another numoni or tribecar or fintec which drains cash instead of earning it, and investing more money in cash generating successful business.

But the more critical question to ask quantitatively,

Why is Broadcom selling it's business unit?
1. It is moving out of the RF space which is due for disruption and will no longer be as profitable?
2. It is sellimg it for a profit to Apple which wants to keep in-house?
3. It is transitioning it's business model?

The answer to this question may solve the future of inari revenue and earnings stream, and indirectly how insas will perform in the future.

Meaning a whole lot of I don't know..., If you don't know how your business is going to perform in the coming years, why are you buying it? Never buy a complex business that you don't understand with clarity.

I prefer action to words. I have already told you how ql is going to go, and they have hit 1 billion in revenue recently and showing signs of even more growth in the coming years. I know exactly where to expect the revenue and earnings with QL.

Since you are close to tan and wrong, can you let me know your expectations next year of how much revenue and earnings you expect and where you think it is coming from?

Sslee, insas entire value proposition was it's ownership of inari. Now that inari is down, insas also affected. As a minority shareholder you are unable to change this outcome to sell or keep inari despite the bad news.

Looks like ql share price will be ahead of insas sooner than expected.

Japan Olympics Games to start soon.

This is why buying a company based only on assets instead of future prospects is always dangerous.

calvintaneng Very good

After passing desaru only got short period of Internet connection near kuantan but I left my 2 handphone in the room while having breakfast yesterday morning

After that from trengganu to kelantan there is no signal

This only confirm that Rm50. 3 billions for Malaysia nationwide fiberisation is no longer an option

When I return back to Spore I will sell another house all put all cash proceeds into Netx, Opcom, Redtone, cmsb and binacom

Top 2 will be Netx and Opcom

These are 2 chun chun ones now

Not in 18 months of work. And getting a 16 billion project to completion, not exactly easy. I actually hope they do not overextend and get more projects that will be hard to hand over.

I would call 100+ million of net profit, 215 million net cash doing nothing.

Bought more gkent, 50k shares at 0.96. dividend yield and share buyback (5% of nosh) is excellent while waiting for revenue realization from lrt3.

1 cent dividend on 50% payout, is more than sufficient for me. This year alone is earning 7 cents, on a cost basis of 96 cents total with 50% dividend payout and share buyback. Sustainable, and a guaranteed growth in revenue next year. 7.2% dividend beats ASB return. With almost 18k of dividends to receive, I will proceed to do my own share buyback of the stock.

This year alone ql has increased by 1 billion in market cap. More than 30 netx companies.... Thanks to ql the last ten years I have been holding, I could buy the entire market cap of netx. But why would I want to buy a loss making company which can't make is own website properly?

there are many challenges to the developer (many of which are sinking local malaysian developers, despit HUGE unsold assets and land banks), these are how I view the qualitative challenges of a developer company:

1. how much to obtain and develop landbank into sellable product.
2. how much to price the product.
3. how much costs in financial and construction for the final product and the break even cost.
4. How much to obtain the next landbank (future growth) of the company.
5. How much money to keep to cycle the production phase.

For me, any shortage in these parts is a huge risk for a company. any of which can be hidden for a very long long time before the can of worms can blow up.

1. Take for example talamt, it took so long to build and develeop landbank that the company became basically unable to execute projects before the landbank started to be sold in pieces to other developers.
2. Wrong pricing (and timing) can lead to unsellable homes, take any development in putrajaya/cyberjaya as an example. Many developers have very high NTA but low share price due to unsellable product. (take a contrast of scientex and asiapac to see how slippery the slope can be on mistakes. Todays scientex can become tomorrows binapuri)
3. the main profit center for ewint is UK, where they are selling at 500-800 GBP per sqft. Now, how profitable is that versus acquisition costs and future expansions? that is the difficult question to ask.
5. How much is the financial debt required to ride out a development phase, hoping to hit the sweet spot in home shortage and bring in the dough to pay out all the debt, all the while avoiding the danger of overexpansion and financial disaster.

For me, I believe that EWINT is better than many developers out there in the space, but how consistently can they mint money, and how long do we "invest" in the company before an eventual downturn, overcommitment phase that seems to plague almost all developer companies?

I am sure a select group will definitely make money in this company (as icon8888 hopefully has), but if you think there will be a shortage in london forever (or the development price will be more than most buyers are willing to swallow), I think you have rude awakening incoming.

Actually SSlee also working hard on second level thinking with his MGO hopes for insas and bjland.

If you trap because of speculative activities, then it is not investing. Investing is about the business position first and foremost, MGO and goreng assumptions a far away third option.

Try to stay away from things like that and also calvin tan specialty: (ASS)ets. Just because you have a big castle doesn't mean bad management can't gamble it away...

Stick to profitable business first and foremost.
>>>>>>
Sslee Hahahaha,
Icon8888 second level thinking will trap him in EWINT for many years. Buy at the bottom but how to know it already bottom. I bought Bjland below its multiyear low of 19.5 cents hoping for MGO by TSVT also kena trap.
16/12/2019 8:07 PM

If not encourage why keep going to other stock site to keep promote your micro stock? no confidence in your own stocks?

>>>>
calvintaneng Calvin never encourage pump and dump measure

I bought tons at 6.60 and averaged down, now price of pchem is RM6.83,

I didnt sell a single share, did you?

So if didnt sell a single share the share price now go up to RM7.24, your point is?

>>>>>
calvintaneng Posted by (HK1997 again) Philip > Sep 5, 2019 12:06 AM | Report Abuse

Pchem collapsing? Don't make me laugh. 50 billion dollar company with 4.3 billion in revenue and 1.1 billion in profit AFTER TAX and a horde of cash behind it.

I am just enjoying collecting my 11 +18 cents dividend since February when I started buying at 8.15 collecting my 11 +18 cents dividend

SO?

COST OF PURCHASE Rm8.15

Less 29 sen dividend = Rm7.86

Price now Rm6.83

SO REAL LOST OF Rm1.03 PER SHARE

IS THIS PHILIP IN HIS RIGHT MIND?

YOU BETTER DON'T LEAD SORCHAI TO HOLLAND HOR!
05/09/2019 12:14 AM
09/12/2019 11:14 PM

2013.

Ql
Total assets: 2,008,530
Total liabilities:1,048,852
Equity: 960,000
NP to SH: 131.706
ROE: 20.29
Number of shares: 832,260
EPS: 0.115

Has it be growing? Yes, did the share price go up? Yes.

The question of whether or not the price is overvalued or not is academic. Like Ricky yeoh he likes to comment that it is too expensive betc etc while those who held and bought have enjoyed consistent growth year after year.

As earnings and revenue hit all time highs, share price is sure to follow.

The question now is momentum, if the last 5 years track record is growth, it reasonable to assume next 5 years also growth ( but monitor often). If last 5 years is stagnation or deficit, it is reasonable to assume next 5 years also will be deficit ( but monitor often).

As for tguan, as now it is expanding margins and growing volume, it is reasonable to assume next five years to grow its business.

But definitely monitor often.

Just to have decent conversation,

Sslee, can you post the same figures in 2013? To see what happened in five years, and estimate what will happen 5 years from now?

>>>>>>>

Posted by Sslee > Dec 12, 2019 8:59 PM | Report Abuse

Dear all,
Just out of curiosity: What should be the market price of below three share?
ASTRO
Total assets: 6,259,600,000
Total liabilities:5,580,700,000
Equity: 678,900,000
NP to SH: 462,900,000
ROC: 7.40%
ROE: 68.18%
Number of Shares: 5,214,300,000
EPS: 0.09

INSAS
Total assets: 2,338,959,000
Total liabilities: 599,601,000
Equity:1,739,358,000
NP to SH:81,831,000
ROC: 3.5%
ROE: 4.7%
Number of Shares: 663,007,000
EPS:0.123

QL
Total assets:3,683,234,000
Total liabilities: 1,663,699,000
Equity: 2,019,535,000
NP to SH: 216,743,000
ROC: 5.9%
ROE: 10.7%
Number of Shares: 1,622,438,000
EPS: 0.134

Thank you

Hi sslee, market doesn't work mysteriously, every price is based on action.

If you are looking short term, anything goes. Price can go up because of rumours, acquisitions, announcements etc because of market expectations. Basically even the potential of an event happening can cause price to fluctuate. I don't know how to invest in these probabilities.

But if you are looking long term, only those companies where the earnings have been expanding year after year after year will have their share price go up. Not assets, not cash in bank, not receivables and deliverables ( although of course people are not stupid, earnings have to ratio with debt creation and shareholder dilution).

This is why companies like ql and topglove and aeon has increased 10x in market value for past 10 years because the long term earnings growth has steadily increased.

Tguan at its peak of 4.20 was doing 60 million a year in earnings. Now as the earnings start to grow more and the acquisitions grow the share price start to recover back to 2016 levels.

For your insas, in the short term there are those hopes and probabilities of warrants, owners taking over insas for 1.20, increased dividends, wonderful assets etc.

But the fact remains:

Earnings had steadily dropped from 160 million lightning in a bottle when they helped companies to list in 2014 ( and respect for Malaysian companies was high, but thanks to 1mdb it would be hard for foreign investors to invest big Malaysian companies anymore) to today 80 million and steadily dropping.

This is why the share price is stagnant. Everything is hopes and dreams, but nothing concrete. This is like the classic story of waiting for your grandfather to drop dead so you can inherit the farm and sell it for profit, but soon realising the old man going to outlive you. What now brown cow?

The lesson remains: you do not buy a stock for what it has now, you buy a stock for what you think it will have tomorrow. That's the beauty and the excitement of investing.

Too bad WEIDA is no longer listed in Bursa. They have been selected for the 2 nfcp packages 50 million and 200 million for Sabah and Sarawak phase 1.

This remark is purely stupid. This shows you are really just purely academia. If your head is screwed on straight you would have realized that ASTRO has extremely high roc, but it has no obligation to make you money not does it predict long term investors return in any way.

Come on, and if you think real hard you will not buy a single share of ASTRO, as you know that the shares have not moved since forever, you are enjoying fixed deposit rates for a risky business that is going to be a dinosaur when the internet age is here.

And if you look at earnings growth for astro, you know exactly why the share price never recovered from its IPO price of RM 3.

Stay in school kids.


>>>>>>>

Does this refute that earnings growth is the ONLY thing that matters? Does this shows ROC is a better predictor of investors return than earnings growth rate? Does this show investors return can be very different from earnings growth rate?

Not a single stock analysis in your blog btw.

He just wants to sell his members exclusive content and his short skirt guide to stock investing.

Those who can, do.
Those who can't, teach.
Those with no portfolio, and can't even teach.
Try to teach sports.

Come on, can't even do 5 stocks? At least give me so I can start tracking your portfolio performance over a 5 year period.

Instead of how you like to say you made money over this stock and that stock and whatever stock.

At least be brave and put your best foot forward.

I wrote about Pchem ( from 8.33 down to 7.06 but my thesis is completion of PIC in the next 3 years long term will recover to high price) but currently falling flat on my face.

I wrote about gkent( from 1.12 to 0.945 waiting for lrt3 recognition) but enjoying 7% dividends to wait and also falling flat on my face. Fyi I added 500k at 0.95 so a bit about conviction here.

I wrote about PPHB ( from 0.49 in January to 1.06) my brother-in-law who works in Penang for them laughing at me for the pump and dump article I wrote ( waiting for the hotel to complete, which it did, and double earnings in latest q), so semi flat on my face.

I wrote about stoneco ( from 22.19 in January to 38.91), which is my biggest investment, currently laughing to the bank.

These are the 4 stocks I wrote about this year with my perception on why I thought they were a good buy. I am notoriously picky with what I consider good and bad stocks, I argue with icon8888 and Calvin tan often. But I also respect their views and what they bring to the table.

Small concentrated investments.

You I realize have no views, only generic academia which doesn't turn any profit ( or loss)

Specifics: not generics.

Ball is in your court Ricky, try to man up and provide some actual stocks that you buy ( if no money still in school is ok, use imaginary money). Otherwise how else to achieve reputation?

5 stocks.

Yes?


>>>>>>>

https://musingzebra.com/

Ricky, you are full of bullshit that assumes he knows more because he read the philosophies of the great investors without having the skill to apply the knowledge efficiently.

Icon is correct: earnings growth is all the matters.

In fact, I simplify by adding my own triangle:

The only thing that matters in investing is

Earnings and revenue growth over time, while keeping shareholder value intact.

Any company can grow those things, and minimize all the debt, share placements, warrants sales and borrowings to grow earnings, those are most important.

But then again, your blog musingzebra tells a lot about you, all stories, no investments.

Contrast that to someone I do respect:

http://www.intellecpoint.com/p/position.html?m=1

Felicity blog where she buys, explains and clearly defines her quest to grow her children's college fund ( which I love), you can easily see the difference between academics and real world investors.

Stay in school kid. Happy holidays.

>>>>>>>>

Posted by Ricky Yeo > Dec 6, 2019 6:40 AM | Report Abuse

Icon wrote "earning growth...is the only thing that matters"

Supposedly today I meet up with Icon to discuss his statement above. Failing to settle our disagreement (because Ricky is too academic and Icon's ears are oozing blood), we decided to race each other.

On the next day, you saw a few headlines news "Ricky ran 2km, Icon only 1km"; "Ricky beats Icon"; "Survival of the fittest: Ricky prevails" etc.

Now, if you think at a deeper level, those headlines tells you nothing. The distance me and Icon covered says little to nothing about how fit we are. Because no one asked "How long does it take for us to complete those distances?"

If I told you it took me 5 hours to do 2km (400 meter per hour) and 1 hour for Icon to do 1km (1km per hour), does that change your mind about who is fitter?

Similarly, one company can grow 20% and the other only 10%, does it tell you which is better? No. It is meaningless. The question comes down to "How much capital is required to achieve those growth rate?" If a company doesn't need any capital to achieve 10% growth while the other needs to reinvest 100% earnings to achieve 20% growth, which company is better?

And that is what ROC is all about. ROC is not jargon academic shit that Ricky invented. I can give you a dozen of stock all with the same growth rate and you won't have a clue which one is better.

While raider gambles 1m on insas warrants, dato Wong gan kui dumps his shares for cheap at 0.05 cents.

With such a fanatic gambling method, no wonder raider is always so stressed and angry all the time.

Luckily raider has found Jesus and worships his new master Calvin tan who leads him to more gambling stocks.

>>>>>>

thats the reason why raider bought 1m of insas wb at 0.5 sen and raider has started to accumulate the mother now loh....!!

I feel like I should owe Calvin tan an apology. Sometimes the worse thing you want to see when you buy a stock is everyone pointing out your mistake and commenting on your beloved company on a public forum. Especially when you put a big portion of your funds into the company, if the public perception is bad because individuals post bad remarks on the forums, it can lead to anger and revenge and hurt emotions.

......

.............

But then I think again the modus operandi of Calvin tan.

He concentrates on obscure microcaps that he can buy at low prices and promotes it over and over and over and over again to drum up uneducated individuals who buy on his recommendation and suffer for it.

So I rethink my apologies. Because I finally realize how Calvin tan of Singapore business model really works.

As for stockrauder comments that Calvin tan has a 80% hit rate,

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

This is all Calvin tan promoted articles for 2019 and the returns YTD that you would have enjoyed if you followed his recommendations.

It is definitely more than 10 stocks. And the returns are..... I will let you decide for yourself.

YOU CHOOSE TO INVEST IN NETX AT YOUR OWN RISK.

THIS WILL BE MY LAST POST ON BUYING MICROCAPS PROMOTED IN I3 FORUM.

GOOD LUCK.

Don't worry, I won't. Netx has been losing money for years and years and even though got "cash" still goes and gets money from shareholders to fund the business.

If you think netx can get multi billion dollar business, you have another thing coming

>>>>>>>

Lobaking88888888 Poor Philips, you sound like a fund manager but bare in your mind, don't campare Next to Apple or Msft!
09/12/2019 1:39 PM

Funniest thing is, Calvin tan only put 100k into his netx investment which is his biggest shareholding, but he writes promotional material for netx as if there is no tomorrow.

I put 1 million into gkent and I barely even mention it.

My QL shareholding has grown and grown another 11% this year ( despite his comments that my stock is a 50 PE company) and I don't even comment anymore, and it is by far my biggest personal shareholding.

But what to do, Calvin is upset at me for making fun of him making his maybulk, TALAMT, sasbadi promotions, stocks which he held on to for years and losing money.

I remember that Jordan Belfort was also famous for hiring 300 full time stock promoters to get them to buy his penny stocks that he bought at low low prices so he can offload at high prices to his " clients" and adoring public.

The wolf of city harvest church?

This is how you spot a good company in the long term,

1. Find a company that pays out 7% in dividends, and make sure the payout is sustainable ( maximum sound 50% of company profits )
2. make sure the company has already won the multi billion dollar contract ( instead of counting your nfcp chickens before they are hatched). How do you know that the netx microcap is getting any billion dollar contracts ? Can they even pay the bankers guarantee?
3. Make sure the company is profitable ( growing its revenues and profits year by year) and has a growing cash hoard ( 500 million cap company with 200 million cash).
4. Make sure the company has a killer product or service which is highly profitable or entrenched ( gkent water meter won multiyear contract in Hong Kong and Singapore water board beating local and international brands at 28% margin), with a good plan to grow its business into other successful lines ( from water meters to treatment plants to rail systems).
5. Make sure that the intrinsic value is reasonable and the troubles are temporary ( lim Guan eng signed off on 16 billion contract and provided invitation to quote for Penang railway line) and future growth is intact. Guess who is LGE taichi buddy now?
6. Realize and understand that unless a business is consistently making money without need to go back to shareholders to ask for money, it cannot be considered a really business.

Poor Calvin. He tries too hard, falls flat on his face.

06-Dec-2019 06-Dec-2019 Buyback 40,000 0.955 0.955 View Detail
05-Dec-2019 05-Dec-2019 Buyback 30,000 0.955 0.960 View Detail
04-Dec-2019 04-Dec-2019 Buyback 100,000 0.950 0.960 View Detail
03-Dec-2019 03-Dec-2019 Buyback 70,000 0.960 0.965 View Detail
02-Dec-2019 02-Dec-2019 Buyback 200,000 0.960 0.970 View Detail
29-Nov-2019 29-Nov-2019 Buyback 110,000 0.965 0.970 View Detail
28-Nov-2019 28-Nov-2019 Buyback 210,000 0.970 0.980 View Detail
27-Nov-2019 27-Nov-2019 Buyback 10,000 0.980 0.985 View Detail
26-Nov-2019 26-Nov-2019 Buyback 70,000 0.990 0.995 View Detail
25-Nov-2019 04-Dec-2019 Buyback 815,000 0.950 0.995 View Detail
25-Nov-2019 25-Nov-2019 Buyback 45,000 0.990 0.995 View Detail
31-Oct-2019 31-Oct-2019 Buyback 10,000 1.030 1.040 View Detail
31-Oct-2019 31-Oct-2019 Buyback 10,000 1.030 1.040 View Detail
16-Oct-2019 16-Oct-2019 Buyback 20,000 1.040 1.050 View Detail
10-Oct-2019 10-Oct-2019 Buyback 10,000 1.040 1.040 View Detail
09-Oct-2019 09-Oct-2019 Buyback 10,000 1.030 1.030 View Detail
08-Oct-2019 08-Oct-2019 Buyback 30,000 1.060 1.060 View Detail
07-Oct-2019 16-Oct-2019 Buyback 90,000 1.030 1.060 View Detail
07-Oct-2019 07-Oct-2019 Buyback 20,000 1.030 1.030 View Detail
04-Oct-2019 04-Oct-2019 Buyback 40,000 1.020 1.030 View Detail
03-Oct-2019 03-Oct-2019 Buyback 30,000 1.020 1.020 View Detail
01-Oct-2019 01-Oct-2019 Buyback 30,000 1.040 1.040 View Detail
30-Sep-2019 30-Sep-2019 Buyback 50,000 1.020 1.040 View Detail
27-Sep-2019 27-Sep-2019 Buyback 50,000 1.050 1.050 View Detail
26-Sep-2019 26-Sep-2019 Buyback 50,000 1.040 1.050 View Detail
25-Sep-2019 04-Oct-2019 Buyback 356,000 1.020 1.050 View Detail
25-Sep-2019 25-Sep-2019 Buyback 106,000 1.020 1.030 View Detail
01-Mar-2019 01-Mar-2019 Buyback 150,000 1.080 1.080 View Detail
25-Feb-2019 01-Mar-2019 Buyback 350,000 1.080 1.150 View Detail
25-Feb-2019 25-Feb-2019 Buyback 200,000 1.150 1.150

Hi Calvin tan, even management has faith in gkent, backed by a few hundred million of cash.
Ask me if I am worried, profitable company, shareholder centric company, 7% sustainable dividends ( more for me if treasury shares increases) and most importantly...
09/12/2019 1:16 PM
X
Philip Greta 24-Sep-2019 09-Oct-2019 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
25-Mar-2019 05-Apr-2019 DIVIDEND Interim Dividend RM 0.035 Dividend Detail
19-Dec-2018 04-Jan-2019 DIVIDEND Second interim dividend RM 0.015 Dividend Detail
26-Sep-2018 10-Oct-2018 DIVIDEND Interim Dividend RM 0.02 Dividend Detail
19-Mar-2018 03-Apr-2018 DIVIDEND Interim Dividend RM 0.05

Most importantly Calvin, is the company profitable? Yes. Is the dividend from free cash flow? Yes. Is the company net cash? Very much so. Is the company getting big project orders? Yes the 16 billion is still in the works.

Am I worried? Of course not. I can guarantee the next quarter will have another dividend payment, rewarding me for waiting.

24-Sep-2019 09-Oct-2019 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
25-Mar-2019 05-Apr-2019 DIVIDEND Interim Dividend RM 0.035 Dividend Detail
19-Dec-2018 04-Jan-2019 DIVIDEND Second interim dividend RM 0.015 Dividend Detail
26-Sep-2018 10-Oct-2018 DIVIDEND Interim Dividend RM 0.02 Dividend Detail
19-Mar-2018 03-Apr-2018 DIVIDEND Interim Dividend RM 0.05

Most importantly Calvin, is the company profitable? Yes. Is the dividend from free cash flow? Yes. Is the company net cash? Very much so. Is the company getting big project orders? Yes the 16 billion is still in the works.

Am I worried? Of course not. I can guarantee the next quarter will have another dividend payment, rewarding me for waiting.

06-Dec-2019 06-Dec-2019 Buyback 40,000 0.955 0.955 View Detail
05-Dec-2019 05-Dec-2019 Buyback 30,000 0.955 0.960 View Detail
04-Dec-2019 04-Dec-2019 Buyback 100,000 0.950 0.960 View Detail
03-Dec-2019 03-Dec-2019 Buyback 70,000 0.960 0.965 View Detail
02-Dec-2019 02-Dec-2019 Buyback 200,000 0.960 0.970 View Detail
29-Nov-2019 29-Nov-2019 Buyback 110,000 0.965 0.970 View Detail
28-Nov-2019 28-Nov-2019 Buyback 210,000 0.970 0.980 View Detail
27-Nov-2019 27-Nov-2019 Buyback 10,000 0.980 0.985 View Detail
26-Nov-2019 26-Nov-2019 Buyback 70,000 0.990 0.995 View Detail
25-Nov-2019 04-Dec-2019 Buyback 815,000 0.950 0.995 View Detail
25-Nov-2019 25-Nov-2019 Buyback 45,000 0.990 0.995 View Detail
31-Oct-2019 31-Oct-2019 Buyback 10,000 1.030 1.040 View Detail
31-Oct-2019 31-Oct-2019 Buyback 10,000 1.030 1.040 View Detail
16-Oct-2019 16-Oct-2019 Buyback 20,000 1.040 1.050 View Detail
10-Oct-2019 10-Oct-2019 Buyback 10,000 1.040 1.040 View Detail
09-Oct-2019 09-Oct-2019 Buyback 10,000 1.030 1.030 View Detail
08-Oct-2019 08-Oct-2019 Buyback 30,000 1.060 1.060 View Detail
07-Oct-2019 16-Oct-2019 Buyback 90,000 1.030 1.060 View Detail
07-Oct-2019 07-Oct-2019 Buyback 20,000 1.030 1.030 View Detail
04-Oct-2019 04-Oct-2019 Buyback 40,000 1.020 1.030 View Detail
03-Oct-2019 03-Oct-2019 Buyback 30,000 1.020 1.020 View Detail
01-Oct-2019 01-Oct-2019 Buyback 30,000 1.040 1.040 View Detail
30-Sep-2019 30-Sep-2019 Buyback 50,000 1.020 1.040 View Detail
27-Sep-2019 27-Sep-2019 Buyback 50,000 1.050 1.050 View Detail
26-Sep-2019 26-Sep-2019 Buyback 50,000 1.040 1.050 View Detail
25-Sep-2019 04-Oct-2019 Buyback 356,000 1.020 1.050 View Detail
25-Sep-2019 25-Sep-2019 Buyback 106,000 1.020 1.030 View Detail
01-Mar-2019 01-Mar-2019 Buyback 150,000 1.080 1.080 View Detail
25-Feb-2019 01-Mar-2019 Buyback 350,000 1.080 1.150 View Detail
25-Feb-2019 25-Feb-2019 Buyback 200,000 1.150 1.150

Hi Calvin tan, even management has faith in gkent, backed by a few hundred million of cash.
Ask me if I am worried, profitable company, shareholder centric company, 7% sustainable dividends ( more for me if treasury shares increases) and most importantly...

Ql is wrong stock? So funny. It's 7.45 far from your doomsday prediction...

But those who spend 100k buying netx and those who spend millions buying gkent have different levels of conviction.

Now game over? While I'm enjoying 7% dividend and constant buyback from management ( increasing shareholder value) and allowing me to buy more stock at cheaper prices?

So funny, especially from someone who bought TALAMT and scomies and many bad stocks.

Good luck to you in your foolish asset assumptions.

You have been promoting talamt since 2016 without results... Will your netx suffer the same fate?

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

If taking about wisdom, it is far better to be wrong in the short term and right in the long, rather than those who worship and believe in talamt for YEARS AND YEARS WITHOUT SEEING ANY BENEFIT.

Pchem is giving me wonderful dividends and rewards me for waiting and buying more at lower prices while waiting for completion of IPIC.

Those without wisdom? Those who don't understand how business works and keep on talking and talking about asset plays without understanding how a company gains assets in the first place.

Poor you.

How is your TALAMT doing?

I laugh at this remark. Netx is alive because they make use of investors gullibility by selling stock and raising cash over and over and over again. Not because the business is viable, but because investors are stuck inside and buying a dream. I can guarantee you sooner or later netx week so another share placement.

And if you think you can sell your measly 100k for 2 cents in the open market you have another thing coming....

But then again, that is exactly why you are trying to promote so much so you can quietly sell, rinse and repeat, just like your city harvest church buddies...

>>>>>>>>

NETX has Rm35 Millions in NET CASH

CalvinT promote netx as disruptive, with e-commerce.

2 minutes of quick search shows that payallz on Google store only has 500+ downloads...

Imagine paying 8 million for a 60% share for a loss making business arm that has a payment system with below 1000 customers... Would you support a management that spends your raised equity by selling 1 billion shares @15 million to spend on "disruptive" business like payallz?

As my daughter like to comment these days...

Bitch please!

Please buy netx! Calvin tan is the next Zhang Jian! He can definitely be trusted.

Just don't ask the following questions:

1. Why can't an IT company with 72 million market cap can't even do a proper website? Are they trying to hide information? Or make it harder to find?
2. Why is the company financials so horrible for the last 5 years?
3. If you submitted the company last 5 year performance to the tendering board, if you were in the tendering board, would you award any major contract to netx? So you think they have the management, engineering and financial capability to complete projects?
4. If you could choose between them and other major suppliers and you had to explain to your boss why you would like to choose netx versus others competitors, what would be your reason?
5. If the only reason Calvin is asking you to buy is so that he can sell the shares to you at a higher price ( instead of holding on for the long term), would you do it?

Good companies do not need promotion or confirmation. All it needs is time. Revenue and earnings growth speak louder than words.

Well written and appreciated article.

Jumping over 10 foot poles indeed.

Hi sslee, icon8888 had it right when he mentioned you look at the leaves instead of the forest. A good company is a good company, never mind who will reach 15 first.

The more important fact is to understand which company is the riskier ( in terms of business, not ticker prices),

As long as business is doing well, the share price will reflect sooner or later.

Like I always say, it is more important to know how the business will do in the long run than to worry about short term price fluctuations.

>>>>>>>>

Sslee Just wonder Pchem at 7.06 and QL at 7.25 which will have a better EPS growth, dividend yield and which will reach 15 first?
30/11/2019 3:41 PM

I've heard some stupid talk, but as usual we don't need to believe everything that we hear.

>>>>>>

shpg22 This stock is controlled by syndicate. The price won't come down, unless they want it to.
16/11/2019 10:14 AM

So much for Calvin tan chun chun prediction...

Holland sifu

Not to forget da Vinci acquisition, which does speciality chemicals for the beauty and skincare market.

If icon8888 thinks pchem is bad, then sell.

But if he can wait for a power plant to complete, why not wait for a chemical plant the size of 4 twin towers in steel? And enjoy 29 cents dividend since this year to buy more at discount prices?

Why don't you stick to your lctitan buying whole driving with left hand on the wheel?

>>>>>>>>

Icon8888 Sabah sifu becomes Holland sifu
14/11/2019 6:10 PM

Is it above market benchmark? You can compare lctitan results and performance with PCHEM to know who will be around 10 years from now and which is undervalued at these p prices.

Funny, such short term thinkers. Has IPIC started operations yet?

For those who are not traders and short term investors, let me clarify what I look at in the earnings report: look to
A11. Significant and subsequent events. We are still waiting on completion of PIC with no news on any delay, cancellation or problems. So my original reasoning in purchasing PIC is still interact, thus: discount day.

Look to B1.

The Group recorded lower plant utilisation at 81% from 100% in the preceding quarter, mainly due to statutory turnaround and higher level of maintenance activities undertaken in the current quarter. Sales volume was lower in line with lower production.
Overall average product prices were slightly higher despite lower crude oil price.
Revenue decreased by RM668 million or 15% at RM3.7 billion largely due to lower sales volume.
EBITDA was lower by RM606 million or 40% at RM915 million mainly due to lower revenue and higher
maintenance costs during turnaround period. Profit after tax decreased by RM554 million or 50% at RM558 million.

If you look carefully, due to the fire at IPIC there was a slew of maintenance and turnaround activities that quarter to make sure that mistakes do not reoccur. It was better to do something to reduce profit and increase safety and long term performance. Obviously with lowered production of 19% we also end up with lower revenue (down 15%) and lower earnings.

BUT IS IT A LONG TERM EVENT OR A SHORT TERM ACTIVITY? You may ask yourself if they do maintenance turnaround every quarter and see if sales figures will recover or not.

For the answer to that, look to

COMMENTARY ON PROSPECTS
The results of the Group’s operations are expected to be primarily influenced by global economic conditions,
foreign exchange rate movements, utilisation rate of our production facilities and petrochemical products prices
which have a high correlation to crude oil price, particularly for the Olefins and Derivatives segment.

The utilisation of our production facilities is dependent on plant maintenance activities and sufficient availability
of feedstock as well as utilities supply. The Group will continue with its operational excellence programme and
supplier relationship management to sustain plant utilisation level at above industry benchmark.
Olefins and Derivatives
The Group anticipates product prices for Olefins and Derivatives segment to stabilise in the coming quarter. This
is in view of supply limitation following planned regional turnarounds.
Fertilisers and Methanol
The Group expects that Fertiliser and Methanol product prices to also stabilise due to limited supply amidst soft
demand from the end products.

Simplified, buying PCHEM for the LONG TERM relies on understanding these factors:

Will
1. Malaysia ringgit drop versus USD ( sad to say, a surety)
2. Pchem complete IPIC ( let's say chances are much higher than jaks completion of power plant)
3. Will production and turnaround activities end and lead to higher profits? ( If you believe this quarter is temporary, then you can rely on the last 10 years earnings for pchem to give you forward)

Now, who is willing to bet with me that next quarter results will be at least a billion in earnings and a big far 15 cents of dividends?

As a previous shareholder of instacom back in the day when they got the rest Malaysia tower contracts, I am very sad to see the progress of the company today. I still have a few odd lots of The warrants given free with my odd lots of unsellable instacom in my portfolio, a lesson in buying quality and following good companies.

In other major news, London biscuit defaulted again on a paltry 22.5 million loan, while Nestle has given out 70 cents dividends on a stellar yoy growth of 8.2%.

Investments are a marathon, not a race.