Do you want to tell or do you want me to take down the Cross?

Tell me... come come.. come closer and wisper into my ear... What is your best estimate of the worst case scenario???

There is an overwhelming present of foreign funds in AirAsia... who sell AirAsia when RM strengthen... who sell AirAsia when RM is likely to weaken... sell sell..

Something that cannot be... foreseen... seen... from AirAsia's fundamentals... but the effect is certainly being felt... drop drop .. non stop

Haiz... to show support I join in Masteel la tomorrow

Haiz.... was just about to compliment you on the way you stick to your own views and never swayed by others

Don't worry... value investing is hardly the mainstream method used in bursa... speculators call the shot... Wintoni also never drop what..

Could be heaven Could be hell

Due with caution and educated guess and calculated risk only

Posted by r°Moi > May 4, 2015 02:32 PM | Report Abuse X

Based solely on the 4Q14 results announcement.. r°Moi think the two most likely shits would be....



1. Bad debts not accounted for...

How 1MDB's cash flow problem messed with the goverment pocket is well known.... It is well known too properties sales have slowed.... and these will cause contractors and developers alike to face with tight cash flow problem. This will in turn work its way up to the suppliers of materials.....

In MASteel... its customers in fact have actually slowed down in paying up...

Got bad debts or not??



2. Plant and machinery overstated...

This.. if true.. will involve the making of police report and possibly MACC too. Very very very messy.


Bills ok or not?? Some tangible parts are like not so tangible leh??

It would be brilliant but totally ruthless... totally ruthless... if part of that money had been used to convert the warrant recently.



These are just guesses not allegations.







Do you understand this part???

It would be brilliant but totally ruthless... totally ruthless... if part of that money had been used to convert the warrant recently.

If used for buying also totally ruthless...

° KIV

Posted by r°Moi > May 6, 2015 12:23 PM | Report Abuse X

In 2014... Property, Plant & Equipment up 54m

PPE up 54,000,000
PAT 15,797,000
EPS 6.98


If 5m out of 54m !@#^&*
PAT 10.8m EPS 5.37 x 10 = 0.54


If 10m out of 54m !@#^&*
PAT 5.8m EPS 4.77 × 10 = 0.48


If 15m out of 54m !@#^&*
PAT 0.8m EPS 0.40 x 10 = 0.40


Bad debts not included


These are just guesses..... for reference


r°Moi
2445 posts
Posted by r°Moi > May 6, 2015 12:28 PM | Report Abuse X

Lost of reputation also not included

Poser over accounts



PENNY stock Wintoni Group Bhd so far has gained a whopping 500% since its shares rallied in February this year.

Eventhough Wintoni shares have been trending sideways in the past two months, investors are expecting a reverse uptrend in the stock price following anticipation of a good first quarter (Q1) results and dividend to be released by end of this month.

But this week, such investors were dealt a bit of a shock. Some will say its expected with penny stocks but when Wintoni told Bursa Malaysia its accounts were qualified by its auditors, some investors might have had the same chilling sensation other penny rallies have delivered before.

The basis of the qualification by its audiotrs was the worth of computers in the US. Its auditor says it could not ascertain whether RM3.7mil worth of computer equipment was in the US as it has not been granted access to the computer equipment.

Alarm bells should be triggered in the minds of investors given that revelation but that really did not bother speculators.

At the close of trading yesterday, shares of Wintoni ended 1.5 sen higher at 31.5 sen and news of the qualification mid week hardly create a ripple in its share price.

In March, Bursa Malaysia has alerted investors to be careful in the trading of Wintoni’s shares and its warrants due to the sharp rise in the price of its shares. The highest price achieved so far is at 40.5 sen on March 16.

Wintoni, which is focusing to capture market share in the Asian markets, is also said to be looking at opportunities to expand its mobile application business in Europe.

Formerly known as Winsun Technologies Bhd, Wintoni’s single-largest shareholder is Yap Kok Weng who has a 14.19% stake. Yap, former chief financial officer at property group SP Setia Bhd, emerged in the firm with a 7.27% stake after buying 12.8 million shares from the open market on Feb 9.

Wintoni made a net profit of RM4.6mil for the financial year ended Dec 31, 2014 against a net loss of RM2.9mil a year earlier.









The basis of the qualification by its audiotrs was the worth of computers in the US. Its auditor says it could not ascertain whether RM3.7mil worth of computer equipment was in the US as it has not been granted access to the computer equipment.

Romantic....

Romantic....

Everything ok... cannot think of any worst case scenario... likely is just the auditors fault

Over the years Warren Buffett has said it all and has all the quotes........ and he says...


You see a cockroach in your kitchen; as the days go by, you meet his relatives.


In the world of business, bad news often surfaces serially.................................






You see a cockroach in your kitchen; as the days go by, you meet his relatives.


After saying this Warren !@#$/^&*... and promptly sold off all his Tesco.......

You see a cockroach in your kitchen; as the days go by, you meet his relatives.


After saying this Warren !@#$/^&*... and promptly sold off all his Tesco.......

Over the years Warren Buffett has said it all and has all the quotes........ and he says...


You see a cockroach in your kitchen; as the days go by, you meet his relatives.


In the world of business, bad news often surfaces serially.................................



You have to be very clear on this.... the bad guys are the directors of the company

rlch... tell me... come come.. come closer and wisper into my ear... What is your best estimate of the worst case scenario???

If anything.... the mostly times for MBBs 0.39 to be hit will be...

Before suspension

Upon release of shits

Tony has said low oil price no low oil price AirAsia will have profit


AirAsia has 326.13m shares (13.76%) in AirAsia X.......... X here is sealed with a kiss

MASteel cannot short... dont know if it will make a difference it is syariah compliant



It could be heaven or it could be hell....

If want to take the risk... do your own assessment of the worst case scenario and see how much of the shits has been factored into current price..

Veteran Calvintaneng burnt all his fingers here too??

He asked for those concerned to go look see look see at the factory what's up......

Aaaaaaaaaaaaaaaaaaaaaaaaaaaa





Slippery slope.. Slippery slope..

This must be resolved ASAP

MASTEEL is going down a slippery slope.. full speed.. head first... into all things bad nothing good

Calvintaneng has posted on why MASteel is not the same as those other companies with the word STEEL in their names

Calvin... you want to explain that again???

If it is just bad debts... maybe can... before 12 May

You are kind of romantic........

Hopeless romantic

Lost of reputation also not included

In 2014... Property, Plant & Equipment up 54m

PPE up 54,000,000
PAT 15,797,000
EPS 6.98


If 5m out of 54m !@#^&*
PAT 10.8m EPS 5.37 x 10 = 0.54


If 10m out of 54m !@#^&*
PAT 5.8m EPS 4.77 × 10 = 0.48


If 15m out of 54m !@#^&*
PAT 0.8m EPS 0.40 x 10 = 0.40


Bad debts not included


These are just guesses..... for reference

The price has dropped about 30%... ought to be save.. for now


Anyway just a word of caution..


It is more than bad debts... more


Among the technical and common sense reasons that say so... this would be the most easy to understand..

Because..... Because..... Because..... you simply just do not need a 2nd independent auditors to tell you if a debt is bad or not

And... take note the 2nd independent auditors have asked for 6 weeks to prepare their report... you simply just do not need 6 weeks to decide if a debt is bad or not..

Long time is required for other matters....



This is not an alarm just a caution... Do not hold me responsible what so ever

Dividend in species from RHB will do me and you here in OSK waiting for that special dividend no good loh... have to wait for OSK to sell first

But.. anyway... the announcement that the personal assets injection thingy is on.. will send OSK flying.... cash or species doesn't matter

Calvin....


I think more than just bad debts... more..

Based solely on the 4Q14 results announcement.. r°Moi think the two most likely shits would be....



1. Bad debts not accounted for...

How 1MDB's cash flow problem messed with the goverment pocket is well known.... It is well known too properties sales have slowed.... and these will cause contractors and developers alike to face with tight cash flow problem. This will in turn work its way up to the suppliers of materials.....

In MASteel... its customers in fact have actually slowed down in paying up...

Got bad debts or not??



2. Plant and machinery overstated...

This.. if true.. will involve the making of police report and possibly MACC too. Very very very messy.


Bills ok or not?? Some tangible parts are like not so tangible leh??

It would be brilliant but totally ruthless... totally ruthless... if part of that money had been used to convert the warrant recently.



These are just guesses not allegations.



Let's the auditors... who thus far have done a great job... to do their jobs.


Have faith in auditors...

Hey just think.. the auditors could have easily signed off the accounts as OK and beautiful if they wanted to.... and you would be none the wiser.

SinGor

I think the special dividend tied to the personal assets injection thingy will definitely be on... incentive for one to say... yes this is hell of a good thingy OLH!

This was the thing that got me worrying for nothing for a while.... : )


SinGor RHB Cap's AGM Update. Sorry to say, cash left over after deducting liabilities will be injected back to RHB Bank.......... No more M&A in near future.....


This was so like saying.... money not enough ler

I count..... RHB RI 1:1and at 7.85 per SinGor....

2,588,000,000 × 0.1 × 7.85 = 2,031,580,000

But......

RHB Capital (RHB Cap) has announced a renounceable rights issue, to raise an intended proceeds of up to RM2.5bil. The pricing and basis are expected to be fixed later.



O... ya I mistaken liao RM2.5bil x 0.1 about = 200m only

HaHa 200m only.... we can have RHB and we can have the special dividend ; )

SinGor

I am actually wondering... now that it has to set aside around 2 billions for the RHB RI.. would OSK has enough left to pay the special dividend to me and you??

SinGor

Since you are checking... can you double check if there is enough cash to pay the special dividend bearing in mind the fund required for the RHB RI....

°

Now that Yellen ain't gonna do it by June... likely not even December... ok ler can hang around here a bit to dance with 'em big funds

So... there ain't no way Yellen is gonna do it by June... likely not even December


Special dividend and FOC warrant will come first....

When big funds sell AirAsia will drop to support..

When big funds buy AirAsia will rise to resistant..

And.. they are buying and selling rather often.... gonna get the rhythm and move the way they move

US economy so so... how likely is it that Yellen will start from June??

At final minutes... tons were dumped at 2.30... they want to collect at lower prices again tomorrow ??

Last of EPF was also to buy.. to buy

3,000,000

The Wellingtons alone are enough to turn AirAsia price upside down.... blowing hot and cold... sell then buy... intentionally to push down the price to buy???

But the last was to buy.. to buy

azrb... I left with a modest profit like more than 1 year ago... you still stuck there???

It is a buy for me... also for you.. I think..

the question is... Is my greed for that 1 sen less gonna make me miss out this one??

AirAsia is going to do a bullish crossover of 2.38 its 50d SMA anytime now..... next 2.49


Foreign funds U turn

I am all alone..... I know... but... blah blah blah blah

Views on RM:USD are mixed...

http://www.theedgemarkets.com/my/article/foreign-sentiments-improving

The FED...

Market like fearful.... why??

None in the Invest Malaysia was impressed?

Or... just long holiday?