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Posted by Sslee > 1 day ago | Report Abuse

Common Stocks and Uncommon Profit.
Do you know Insas growth it NAPS 30/6/2014 RM 1.728 to 30/6/2023 RM3.375 a CAGR of 7.72%
But the NAPS growth did not reflect into its share price.
Why?? Inefficient of market?
>>>>

Read the section "The Hullabaloo about Dividends". Philip Fisher explained very clearly how a company should employ its retained earnings.

If it can reinvest its retained earnings to grow at a high ROE, let the company do so. Dividends may not be important. Do not just invest because of High DY as these companies, except a few, usually have slow growth.

Also beware of the Company retaining a lot earnings but not growing, or has low ROE or even destroying value (running losses). There are many reasons why the management is retaining too much earnings not required for company's ongoing business or growth.

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If you buy 10,000 shares at 60 sen, sells all at RM1.10 your original RM6,000 becomes RM11,000 and with that amount you can later buy back say, 15,000 shares at around 70 sen. Then sell the 15,000 shares at RM1.20 to get RM18,000. Later when price drops back to say, 80 sen, you can buy 22,500 shares. And after selling off 22,500 shares at say, average price of RM1.30 you realised a total of RM29,250 , that's a gain of RM23,250 from your initial cost of investment of RM6,000 , almost 4 fold gain

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Read Philip Fisher's book. He explained from his long experience which method has given the better returns with lowest risks.

As an investor, it is better to discuss a stock with someone who disagrees with you. This is often more beneficial.

SSLee. Your method is fine too. Buying the share when it is obviously undervalued and selling it when it is overpriced. Then do this repeatedly. Benjamin Graham did this during his lifetime of investing. Warren Buffett did the same during the early phase of his investing, until he bought into See's Candy.

Even in Benjamin Graham, he made most of his wealth buying and holding onto a great company for a very long time. This was Geico. The gain in his single stock Geico, outstripped and overwhelmed all the gains in all his transactions using value investing method. Why?

Philip Fisher shared a very powerful investing method. You have to focus on growth. (Stay away from froth! These are non-sustainable). The companies with great businesses are where you hunt for the enduring multi-baggers.

Take DLady. It has dropped from 65 to 20. But for those who bought in 1993, the 6400 investment grew to 112,000 (28 per share) today; excluding the dividends. Including the very big and growing dividends, until the last 4 years, those who have invested into DLady in 1993 is riding on a 20+ multibagger.

At the price of DLady today, its upside gains >> its downside risk. Its business is facing more competition without doubt. How is its fundamentals?

Upside. RM 30? RM 40? RM 50? RM60?

Downside RM20

Ch😗😗😗arlieM.

Not a surprise.

Fisher put his money on investing in long-term growth stocks, with very robust competitive advantages that were capable of being sustained and increased over time. The price paid for them was not as important, since if the company performed well it would be able to sustain a high multiple.

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xiaoeh

sold my Jtiasa too too earlier
now hope it can come back below RM1 for me to re-enter...
sorry to those who still holding it and do not beat me....

27 minutes ago

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When did calvin ask you to sell??

Management's of outstanding businesses would almost certainly be finding uses for surplus cash and not just piling it up.

Buy stocks because they are outstanding and not just because they are cheap.

Philip Fisher's book
...attempted to show the basic principles of successful common stock investment
....what type of stock to buy
....when to buy it
And most particularly,
.... never to sell it - as long as the company behind the common stock maintains the characteristics of an unusually successful enterprise.

Calvin if you wish to broadcast, at least write sensibly and put your ideas and reasonings in a few words which make easy reading and sense. What you have posted so far are just noises. Cheers.

Calvin is do dishonest. Lsacks integrity. Very sad indeed.

Learning from other's mistakes is better than learning from committing the same mistakes ourselves.

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ks55

I still can remember one sifu and one KYY suggested how you should use OPM to triple
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Did he not lose a lot of money using OPM? He sold physical assets to raise cash to cover these losses.

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Posted by Sslee > 30 minutes ago | Report Abuse

So far I sold Insas-WC for multibaggers gain 2 times already. I am now waiting for any more chance to make another multibaggers gain before Insas-WC expired on 2026.
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Listen to the first 5 minutes of the audiobook, Common Stocks and Uncommon Profit.

I have travelled the journey described by Philip Fisher.

Would you be brave to invest a lump sum of RM1 m into a stock, eg Nestle at any stage. Of course, not.

But if you have invested regularly and over many years, you will find you are invested in a greater amount in Nestle for the future.

Sell the losers.

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Posted by Sslee > 14 minutes ago | Report Abuse

The world has changed and with easy access to information and you are now competing with fund managers, sharks, billis, even with cumputer programe trading software and maybe AI in the near future.

So the only rule now that still valid is you can't afford to lose 50% of your capital. Set your cut lose level and also minitor your winners are the micro and macro conditions going to against it, then you better take profit before your paper gain become paper lose.

You can always keep cash and wait for the strom to blow over before reinvest again.
>>>>


Your portfolio will have no multibaggers.

Sell the lovers and let the winners ride.

Selling the winners to lock in profit will mean you end up with a portfolio of lovers and poor performers.

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Posted by xiaoeh > 7 minutes ago | Report Abuse

if u started your investment journey with capital say merely RM10k
what will u choose?
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Invest regularly.

Reinvest the dividends.

Stay with great growth companies.

Long term time horizon.

Ignore the macro, study the business and stay within your circle of competence.

Bottom-up approach.

Ironically, those who indulged in Netx at 2 sen when promoted by Calvin, they have a negative TEN BAGGER.😁

You will be surprised by the magic of compounding over a long time horizon.

Grow rich slowly.

A friend declared to me how she and her husband had sold ALL their stocks in 2008.

When I met them again in 2000, they were planning to reinvest into stocks but have not; their reason the stock prices had risen too high!

I can only conclude their chance of becoming successful investors long term in the stock market to be slim.

They should not be in the stock market. Full stop.

My portfolio value had dropped 50% or so in 1997 AFC and dropped 30% in the 2008 (GFC). In both periods, the major portion of my portfolio remained undisturbed and I did not sell. I did not have to.

How to educate a fish what it is like breathing out of water? !!😀😀

It is almost a given, at some stage in your investing life, your stock value or your portfolio value may decline 50%. If you are not prepared for this, you cannot be a successful value investor in the long term.

If you have bought DLady in 2014, you would have lost money today.

If you have bought Nestle in 2014, you should still have a gain today.

htt ps://myinvestingnotes.blogspot.com/2024/02/nestle-at-glance.html
Nestle

htt ps://myinvestingnotes.blogspot.com/2024/02/dutch-lady-at-glance_25.html

Dutch Lady

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Up_down

4,251 posts

Posted by Up_down > 9 minutes ago | Report Abuse

1993? Few centuries ago. That's why we said you were lucky.... i just came out from SPM earned RM 500/ month nia. Lol

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Was I lucky?

Not really.

The big bear market appeared in 1997 and 1998. I did not sell a single share. My portfolio went down with the market. In fact, it was below my capital value.

However, in 2002, the portfolio was worth a lot more tan all my capital invested. I did not lose any money (rule 1 of Buffett). My good fortune was the high quality stocks I have in my portfolio.


I did a favour for a friend. She was stuck with a list of penny stocks in 1999 and 2000. I advised her to sell all but one. Even the one, when it's price climbed to fair value, it was sold. My advice to her is be happy with FD rates

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https://youtu.be/3TO2-yU3Cyo?si=HmaZZveUa5uA-jUD

Listen to the first 5 minutes of this audiobook, and you will realise how superior the teaching of Philip Fisher's is when compared to that of Ben Graham.

>>>>


What is the proven method that delivers the biggest returns with the lowest risks?

Listen to the first 5 minutes of this audiobook.

In 1993, bought Nestle for 8000 and today it is 120,000 not including the dividends.

My friends sold at 20 many years ago because it was too high. Another friend sold at 90 a few years back because it was too overpriced.

An investment of 2000 in Petdag in 2005 (when sold down due to falling China Market!!!!) Is now with 20,000, excluding dividends.

Of course, don't just buy 2,000. When it rained money, take out the big container.😀

An investment of 6400 in DLady in 1993 is now worth 108,000 today, excluding the massive dividends received.

You do not need to be very rich to invest in the market. Having the right knowledge and temperament help. A mentor who has been successful and willing to guide is a blessing few has

https://youtu.be/3TO2-yU3Cyo?si=HmaZZveUa5uA-jUD

Listen to the first 5 minutes of this audiobook, and you will realise how superior the teaching of Philip Fisher's is when compared to that of Ben Graham.

https://youtu.be/3TO2-yU3Cyo?si=HmaZZveUa5uA-jUD

Up_down's ego is shaken.

In 2014, Jtiasa was 1.47. Did calvin sell before it subsequently went down to 30sen+? Then it bounced back briefly and hugely to 80sen+? Calvin asked to sell to buy another stock. From 147 storey down to 30+ storey, did not bail? Then bailed out at 80 storey, presumably, cutloss and not cutting!😀

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Up_down

Utdplnt involve more in refineries business, not a pure upstream player. Jtiasa is a pure upstream player. How to make a comparison? Why not you take Utdplnt compare with Dlady and Nestle?

6 minutes ago

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Up_down is jumping up and down. 😀

DLady and Nestle remain multiple baggers (>10+) in my portfolio even after the severe crashes in their prices.

I did a comparative study of Jtiasa today and 10 years ago .

Also compared Jtiasa with United Plantation today.

Great learning points.

UPlt is still the best managed plantation stock in Bursa.

Jtiasa: 10 yrs ago 3 big segments. Today, 2 big segments: dominated by its plantation. Plantation revenue of Jtiasa today is 2x that of 10 years ago.

Focus on the business and fundamentals.

10 years ago, it's NAV was 1.80. Today, it is 1.40.

htt ps://myinvestingnotes.blogspot.com/2024/03/jayatiasa-at-glance.html?m=1

value_invest. Thanks for your analysis.

Can you project its growth in earnings going forward?

How often have you seen Calvin shouting stock X is very cheap. Its PE is only 3 and yet he lost his money.😀

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Posted by pingdan > 16 hours ago | Report Abuse

Aiyo, Jtiasa is the only plantation share with single digit PE (pure business profit). Kenapa tak naik lagi?
>>>>


I never look at PE alone to “value a share”. It is the best parameter to use to fool those investors who are not knowledgeable.

Yet, PE is a very useful financial parameter for those who understand it. It is only one of many parameters one use to value a stock.

Jtiasa is now >> rM 1.00 amd Calvin asked to buy.

It was at a low of 30 sen when on hindsight, it must be undervalued.

In 2014, Calvin asked to buy when its share was 1.40+ and gave a target price of 2.50 at that time. However, after some slight fluctuations around 1.40 which excited Calvin a lot (observing hisposting activities), it soon trended downwards to below rM1 and then to 70 sen and eventually to 30 sen. Calvin too disappeared, as observed by total silence during this period.

The price drifted to 50 sen or so. Then a sudden jump to 80 sen (?2019). Calvin posted to sell to take profit and to reinvest into other stocks he liked. (I think for many it was Cut loss from their and calvin’s Buying price of > 1.40+).


Do you think Calvin is good in spotting undervaluation?
Was he rational in his approach?
How discipline was he in his investing?

If he lost money in Jtiasa from his promotion of this stock Jtiasa in 2014, how does he value Jtiasa today.

Maybe at today’s price, this stock is already overpriced? This maybe among a reason for a major shareholder selling shares, among many other reasons.

Good morning.

3iii

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Posted by calvintaneng > 22 hours ago | Report Abuse

Happy morning

At this juncture due to heavy selling by major holders are actually opportunity to buy

>>>>


The problem with one without a firm philosophy.

In TSH, major shareholder was buying repeatedly. Calvin shouted it was time to buy. The price then was 1.78 and Calvin said it was cheap. Otherwise why would the major shareholder bought 500,000 shares repeatedly. (See my post on manipulation. 🤔. The price dropped from 1.78 to 1.00. (Facts).




Now in JTiasa, major shareholders were selling millions of shares. Calvin reappeared and shouted it is the best time to buy. His followers must be totally confused by Calvin’s postings.

Of course, a few here just noted the manic depressive behaviour of his wanton promotions to enrich only “her-self”.

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Y-o-Y.

Revenue increased 7.7%.
Operating profit incread 77%.

Due to softening of dairy product cost.

Generated about 200 m net operating cash flow.

Cape was about 180 m.

New manufacturing facility will be opened in 2024.

😀

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Fundamentals are intact.