New high hopefully, overtake hard lo... This week theme play will be o&g

Strong rebound...

Good sign... TA group also is looking at this stock. Too cheap to ignore

Month end window dressing?

Any update on AGM today?

It’s bad

should be another fantastic quarter result since due to low raw material price.

Gone with winds... uncle’s today’s article hinted he also make mistakes. Good luck to pccs & teoseng’s investors

We just need to be patient as this only will be happened after the disposal. & the time is on our side with the dropping of both aluminium and tin price from their peak. The profit margin should be back to normal & it eventually will be reflected in the share price.

The owner is definitely eyeing to privatize canone after this disposal. The reason is simple: Canone is basically KianJoo no. 2 now after the disposal.

The borrowing of RM917 mil to wholly acquire KianJoo will be fully repaid (take the average of min & max of the purchase price).

If the owner values KianJoo for RM1.4 bil & privatize it, there is no reason he wont take Canone private with half the price. (Canone current market cap is < RM700m)

It might fall below this price only after the quarterly result is out. Uncle will honour his words as far as he can.

Thx

Does anyone know the process buying & selling shares off the market period? Do we need to engage lawyer for the sale & purchase agreement?

KYY’s broker will be very busy soon. Better make appointment early when the time comes...

Thx KC recommends the share. If I would to group the business model of Insas, I would compare it with ICap. The owner is superior stock punters like anyone of us. It has another gems on its crown which ppl ignore & yet to shine. Just wait till end of next year.

The show is over... it’s a stale news even if uncle give a new article on this

This only might happen after the expiry of the warrant to save cost. Waiting game

If I’m the main shareholder, I will be the one who eyeing this arbitrage opportunity, no risk & no financing is required. Just offer share capital repayment to buy out minority shareholders equity interest using the company cash. Just think of MAA (be more generous in offering price la).

Owner. Ltkm nta per share is 1.90 vs it’s share price 1.14 now

Guys, LTKM share suspended. Most likely its another priviatization exercise.

Its just like Philip keeps tellilng the advantages of buying shophouses with constant rental yield & capital appreciation. But it doestn mean the ppl buying agri land with fair/ discount price is fool, especially the one with good location near to the city. Eventhough the return is uncertain, but it might be lucrative when the time comes.

The key issue here is to get the good assets.

No point to argue on the adventages or disadvantage of asset play vs profit growth play, since both are FA. Its just different investment strategies suit for different investors' preferences and risk appetite.

If this share is so great, why bother to sell at certain price? Its the same argument. no right no wrong

Since when uncle change his strategy? Scare the existing shareholders that he is targeting the shares, so he can collect cheap? Interesting...

Cos uncle knows well after next month quarter result is out, his golden rules no more applicable. Last chance for him to escape.

Teoseng long term investors are seasoned enough to know the cyclical eggs price effects on the coming quarter profit. Uncle picks the wrong stock this round...

He seems desperate

haha based on uncle koon's understanding, the demand is the only factor affected the price. Egg price goes up cos more aged ppl in malaysia & they like to eat eggs. Wondering whats the reason the egg price dropped so much last year?

Can you imagine if both shares he promoted also dropped? He will lost his credit even to his loyal fans. Just imagine it’s like the burst of money game even at the beginning stage.

KYY made a fast u-turn on PCCS. To maintain his reputation, he is trying to push teoseng. Teoseng definitely has a stronger fundamentals than pccs.

KYY is giving bias facts again in his latest post today. For comparison, teoseng should be compared with Ltkm & tpc which mainly focus on eggs production industry. One of the reason of high PE for poultry industry eg LayHong & LHI is due to recent low chicken price.

Congrats TeoSeng shareholders. Share price will be very exciting when KYY is in. Agreed that the result should be around 3Q18 figures. Just the right time to sell in mid Aug before 2Q19 result is out.

sold all. realised losses... This stock is the proxy of property sector. Downturn is coming which reflected in this quarter's sales no. Sales drop faster than aluminium price.

High growth normally only happend to small company, cos their base is small. & it comes with high risk due to their small base.

It's a natural progress to move to Philip's way of investment when you have big capital. If you have 100m, 10% gain a year is equivalent to 500% return for someone with only 2m capital. Why waste so much time to filter,understand & chase the new good stocks? Warren Buffet cant apply the same approach like junior warrent when he was young.

I am in. Steel price has dropped from the peak & on the way down.
The recent land JV with Platinum Victory to develop affordable homes is a good deal. They got the land with discount.

Will SCGM turn around with good profit in the coming quarter result? Let keep our fingers crossed... ;-)

Same TP before & after the F&B Nutrition disposal? It shows MIDF is only good at assess current P&L instead of the co business. Instead Mr Yeoh has all in in can-packaging business by switching from dairy.

Yes, it makes me think of Karex too. Sales keep going down. The issues are structural instead of cyclical.

RM40m & RM26m has been reserved for dividend and capital repayment from this disposal proposal (about 30-40 sen per share). Hopefully these will be distributed to the shareholders for the coming group re-organisation proposal.

Haha, recycled posts? All assumptions based on stale information when Brent crude oil drops to USD 50 in end Dec 18. Get prepared for the coming -ve profit quarterss

The annual AGM has been postponed to end of June from mid Apr in previous years. No EGM is required for the disposal as they just need to add this as an additional agenda for the coming AGM.
A well planned move?? ;-)

Great jobs everyone! Appreciate on all kinds of effort to reveal the truth!

In contrast, PetronM does not entered into any commodity swap contracts. Hence, the 1Q19 result yet to announced will be good.

Yes. Pls refer to last para in pg 24. This is due to the commodity swap contracts entered to hedge against the price of crude oil. By doing this, we can expect much less volatility of the P&L, not like the previous 1 - 2 years.

Economy of scale is a moat, especially in a low margin business that only requires simple technology. It is similar like top glove.

This offer is not conditional upon any minimum level of acceptance. Meaning, they will accept any shareholders' acceptance, with the intention to increase their stake in the company. If the acceptance is not more than 90%, there wont be any mandatory de-listing like what going to happened to Kian Joo.

Checkmate

Highlights from the AGM: Profit margin is recovering & about the same like 4Q18. The co is facing margin compression since US vs China trade war, as US is selling their products here instead of China.

I will expect another bad quarter results.

Believe some (small %) of the KianJoo shareholders total RM917 mil will swift to Canone after they receive their payout as suggested by Pharker above.