Different channel but still can pick up something new from sostupid for thinking not logically.

Investors mind is mostly wiring with logical thinking so obviously they would not able to defend against sostupid. lol

Philosophist..talking number 1. Investing also number 1 but counting from the last. We normally develop our expertise through what we are focusing.

WTK's accounting policy on Biological Assets is really too aggressive. No armotization on the Biological Assets. Of course, WTK is not alone. There are some plantation companies are adopting this policy, ie TSH, INNO, Jtiasa, Ummca and NPC.

Accounting policy of WTK :

Plantation expenditure incurred on land clearing, upkeep of immature oil palms, administrative expenses
and interest incurred during the pre-cropping period are capitalised under biological assets and " are 
not amortised. "

Upon maturity, all subsequent maintenance expenditure is charged to the statement of
comprehensive income. " Replanting expenditure incurred on similar crops on formerly developed areas is
 chargeable to the profit or loss in the financial year in which it is incurred."

Investors don't really like right issues given the current weak market sentiments. People are welcome corporate activities such as share split, bonus issues, free warrant and bumper dividends. LTAT was running for life, not to mention retail investors.

It may take at least 7 years for the young trees to grow into mature stage for peak harvesting period. Currently, WTK has started harvested FFB 43mt per year. The volume of FFB harvested will grow year by year until peak at about 240 mt per year . It should be ok if you are a long term investor.

WTK is a well managed company with nil borrowings. It has never suffering any losses since year 2010. Profit is solely contributed by Timber segment. But the performance was dragged down by plantation segment.... RM 285.5 million was invested in Biological assets for 11,800 hec land and costs RM 24,500 per hec. It's rather high while comparing with TAAN of RM 8,300 per hec.

Guessing time. Mixed feelings in coming QR by looking at its Revenue. Will it grow another 10% in revenue?


Revenue - forex USD

30 Apr 16 - ??? (3.9236 or Down 6.5%)
31 Jan 16 - RM 22.3m (4.1526 or Down 4.2%)
31 Oct 15 - RM 22.4m (4.292 or Up 11.3% )
31 Jul 15 - RM 22.1m (3.8215 or Up 6% )
30 Apr 15 - RM 20.9m ( 3.57 or Down 2.7%)
31 Jan 15 - RM 19.3m

Virtual store in Korea

https://www.youtube.com/watch?v=fGaVFRzTTP4

It looks like mall retailing slowly becoming a sunset industry. Aeon, Parkson, Tstore are facing a very challenging future. Don't under estimate the potential of E-commerce trend. In the near future, people may be able get price and place an order of a product on internet instantly while doing window shopping.

Dont be too choosy la. A lot of opporturnity in certain growth counters and not overvalued. Expect more in the next 6 months when their new plants or new factory start kicking in.

No eye see VT playing his shares. I prepare to keep some shares for few years.

Paperplane. Can hantam your Kawan or not?

Kam sia Koon Bee. Enough for me to drink 1 year coffee liao.

I hope it will drop back to 41 cents even though I hold some shares now. Haha

small matter. contents is the primary. you see your sifu raider is also using broken England but got main points. i have learned some stock picking skills from him too especially margin of safety in penny stock.

An informative analysis of Tguan in plastic pakaging industry. I used to believed that crude oil price was the main component in the pricing of resin. Good sharing. thanks.

This kind political agenda is merely intended creating panic in the market. Better spend more time focus in scouting better companies rather than listening to Brexit, Grexit....

Why you ask this kind of question one? I don't know how to answer you as a farmer. you know there is a table in my cottage. I don't use any leg to support the table. The table is a able to stand by itself with just few simple joins with the walls. There is another table without legs too. It is hanging in the air by using a stick connecting to the ceiling. Very convenient one.....

You got your point. Recently, i make money from other counters to cover the losses in BJcorp...lol

Up so fast. I have not top up at 3.8...

You no good la. A very very high high educated people bully a farmer here.

I am a farmer...don't know analysis...I know only we farmer must raise cocks to xxx with hens so that hens lay eggs and chicks hatch from the eggs.

What kind of cock you talking?? I used to raise many cocks and hens in the farms when i was small.

I dont know classroom. I go to farm to plant vege everyday when i was small...Don't know what ppl in what ppl out. It's so complex. I only know I have to put those seeds in the soil when the time for planting arrived. watering...add chicken tahi...spray pesticite.... catching worm Finally, harvesting time...

He talk this ? strategy and ask that ? strategy. You need a strategy....blah blah blah..Don't know what ??? strategy...dizzy.We are layman..mo tak che...Don't know so much strategy but still manage to earn some money in stock market..

Top up more at this price.

Keep cash???

You see how our KLCI performed after foreign funds having a massive exit in the past 2 years. What a pathetic performance by comparing year 2008 and 2015! FF was only able to bring down KLCI less than 100 points following disposal of share worth RM 19.5 billion in year 2015. Our KLCI is no longer at the mercy of FF. Local funds have done a good job and outplay FF.

Year end FF Inflow /(Outflow) KLCI index

2007 - 1447
2008 ( RM 12.96 billion) - 867
2009 ( RM 0.6 billion ) - 1264
2010 RM 15.9 billion - 1519
2011 RM 1.8 billion - 1531
2012 RM 13.7 billion - 1681
2013 RM 2.4 billion - 1867
2014 ( RM 6.888 billion) - 1761
2015 ( RM 19.48 billion )- 1693
2016 RM 0.64 billion - 1649 ( yesterday )

Kahheong. Don't even bother explain to him. He hold himself so high high. He has his own way. It's not our duty to convince him or whatever. We are here just exchanging information.

Fair value reserve and Minority with a combining value of RM 4.43 billion may not sufficient to offset Gaming Right RM 4.63 billion. It's possible BJCorp to write off RM 200 million in next quarter.

Another JHM? what a pity...i bought some to earn coffee money only.

climbed so high already. i will harvest my coffee money after it has announced the QR.

basic for a professional must be SEEN to be transparent, no conflict of interest...if you cant fufill the basic requirement , the TRUST will be dented.

you must get ready your roti canai blog first. nanti you keram kabut when your appearing on newspape. People cant find the address. any tapao online?

You guys wanted this topic to be another headlines on The Star news? potential free promotion for Murali man.

Gaming Right worth RM 4.6 billion only as shown in AR 2015. BJCorp will capitalise its stakes of BJToto at market value. RM 4.6 billion will be cancel out by offseting Fair value reserves and Minority as taken in when Btoto became a subsidiary in year 2008.

Kahheong. BJCorp's stakes (direct/indirect) in BJToto has reduced to 45.35% from above 50% previously. It's very likely BJCorp will de-consolidate the results of BJToto from next quarter onward (FY 2017). BJToto would be taken in as Associate. If this case happen, BJCorp may cancel the Gaming Right worth over RM 4.6 billion.

The best option is to set-up a funds management company and be a funds managers drawing salary. No more people question your noble intention anymore.

Paperplane. I got no idea. Don't beat around the bush la.

I am worry also if BJCorp become an incubator for Umonile...lol

Kahheong. It could be part of the game to clean up its accounts by disposing BJToto. Investors prefer the accounts presented in a simple way.

BJCorp seems rushing to get rid of its subsidiaries to accumulate cash to bet something big. Umobile profitable or not? Many telcos share prices tank recently.

Paperplane. You are very sharp. You have sense something big is going to happen soon...haha

Paperplane. You are pulling my leg again. BJCorp's stakes in BJToto was 50.74% as shown in AR 2015. It's likely that BJToto would be treated as Associate in BJCorp accounts after it had reduced its stakes recently. Robin wanted to take cash back to pare down its borrowings la. You see the amount of debt in few billion...dizzy.

It's better to show BJToto as an Associated Company instead of subsidiary so that BJCorp doesn't have to consolidate the accounts BJToto. Gaming Right RM 4.6 billion is really confused investors. People are worry of what would happen when Gaming Right is written off just in case.

It won't have any effect to Profit and Loss even even though Gaming Right RM 4.652 billion is written off as this amount merely involved in Balance Sheet item adjustments.

Kahheong. Amortization for Gaming Right is just a small amount. Closing Balance of Gaming Right remains RM 4.652 billion as shown in AR 2015.

Gaming Right is a complex transaction.

Here's the information of Gaming Right RM 4.85 billion started recognizing in the accounts FY 2008. No cash involvement for RM 4.85 billion. To recognize this transaction, there were some adjustment in increasing of

1. Fair Value Reserve RM 2,068,343
2. Minority Interest arising from acquisition RM 2.362,754


Reason for recognizing Gaming Right:

10. SUBSIDIARY COMPANIES 
(vi) On 4 February 2008, BLand increased its interest in BToto to 48.96% due to BToto’s share buy back exercise and the purchase of 1,000,020, BToto shares by Gateway Benefit Sdn Bhd, a subsidiary company of BLand. Together with the equity interest in BToto which are held by other subsidiary companies of the Group, the total equity interest held by the Group exceeded 50% and as such, BToto is regarded as a subsidiary company of BLand as well as the Group. 

BLand had undertaken a purchase price allocation exercise that resulted in the identification and measurement of gaming rights which is provisionally estimated to be at RM4.85 billion included as intangible assets on the balance sheet (Note 12)


Note 22 Reserve:
This fair value reserve arose from the increase in equity interests of the Group in BToto as disclosed in Note 7(a) to the
financial statements that resulted in the identification and measurement of gaming rights which was provisionally estimated
to be at RM4.85 billion at the date of acquisition and included in intangible assets in the balance sheet (Note 11). This reserve
represents post acquisition fair value and other adjustments arising from the business combination.

His subscribers won't blame him much even though he has made a bad calls. People might believe his sincerity and trying his best helping them to make money paying a fee. The problem lies on serving his VVIP & VIP clients. Conflict of interest is obviously arisen when market turns sour.

The law of attractions is applicable in investment la. Those RM 960 subscribers have not developed attracting making money trait. It's entirely different topic for personal development. Therefore, they have to learn such skill from another seminar.