sslee

your KBK tuition is here
liabilities is profit

I am sure you are the expert !!!
:)


MoneyMakers

Aiyoyo i3lurker oil trading US/NY session start @ 9pm leh

Simple trading hour also dunno..dont even talk derivatives kikiki

This fella really full BS kikiki

6 seconds ago

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sslee

more KBK classes
liabilities are profits
you have not completed your Paris Hilton lesson yet

sslee
Liabilities are profits [refer to your Paris Hilton donation]

Yawn!!
did you read about your donation to Paris Hilton wedding?

Posted by Sslee > 3 minutes ago | Report Abuse

Someone did not read my explanation that the unrealised derivative gain/loss is not taken into P&L but taken into balance sheet as:
Derivatives assets
Derivaties liabilities
Hence the NTA will adjust every quarter based on marked to market:
Derivatives assets
Derivaties liabilities

Jerichomy

thats a compliment coz Syndicates believe that you are important, actually VIP grade.

Do you see Syndicates do that to Tanjung Rambutan aka Taman Bahagia Inmates like Mike Cheat You Crazy and Dragon?
why?
coz everyone knows people like Tanjung Rambutan aka Taman Bahagia Inmates like Mike Cheat You Crazy and Dragon are nothing, not important at all.

CharlesT > 5 hours ago | Report Abuse

As a general rule, apply a 90% discount on all the China Boss's Cos.

Second, spend yr time to study the contents of the Author n try to understand n verify so.

Third, check the Author's track records.....I have seen Sifu Probability's earlier analysis in Heng Yuan 1 (2017), Lionind (Steel Party in 2018) ,I think Dayang as well (2019).....

While I cant deny his facts n figures fm his previous posts sometimes do look convincing, but the ending is all the same.

See if we shall see a different ending this round.

Last but not least, back to my first sentence (As a general rule, apply a 90% discount on all the China Boss's Cos), it's oredi being proven 100% correct in Bursa for the past 10 years.

Good luck in HY.

CharlesT > 5 hours ago | Report Abuse

As a general rule, apply a 90% discount on all the China Boss's Cos.

Second, spend yr time to study the contents of the Author n try to understand n verify so.

Third, check the Author's track records.....I have seen Sifu Probability's earlier analysis in Heng Yuan 1 (2017), Lionind (Steel Party in 2018) ,I think Dayang as well (2019).....

While I cant deny his facts n figures fm his previous posts sometimes do look convincing, but the ending is all the same.

See if we shall see a different ending this round.

Last but not least, back to my first sentence (As a general rule, apply a 90% discount on all the China Boss's Cos), it's oredi being proven 100% correct in Bursa for the past 10 years.

Good luck in HY.

PSAi3alert
You are correct !!
see this

CharlesT > 5 hours ago | Report Abuse

As a general rule, apply a 90% discount on all the China Boss's Cos.

Second, spend yr time to study the contents of the Author n try to understand n verify so.

Third, check the Author's track records.....I have seen Sifu Probability's earlier analysis in Heng Yuan 1 (2017), Lionind (Steel Party in 2018) ,I think Dayang as well (2019).....

While I cant deny his facts n figures fm his previous posts sometimes do look convincing, but the ending is all the same.

See if we shall see a different ending this round.

Last but not least, back to my first sentence (As a general rule, apply a 90% discount on all the China Boss's Cos), it's oredi being proven 100% correct in Bursa for the past 10 years.

Good luck in HY.

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move along
from now on
This is the NEW STORY

old story of 100% Hedge Sales and Purchases is no longer applicable

=> means HRC fully exposed,
=> Die More, Die Faster


Posted by probability > 22 minutes ago | Report Abuse

The reason why i am certain the hedging is done on mainly on gasoline is due to the following:

move along
from now on
This is the NEW STORY

old story of 100% Hedge Sales and Purchases is no longer applicable

=> means HRC fully exposed,
=> Die More, Die Faster


Posted by probability > 22 minutes ago | Report Abuse

The reason why i am certain the hedging is done on mainly on gasoline is due to the following:

move on
nothing to see here, just another accident
dun talk old topic

Gang Members say HRC fully exposed since its NOT Hedged

dun argue interest rates

its old story, not applicable anymore

now gang member says its NOT hedged at all => FULLY exposed to extreme losses

DIE MORE and DIE FASTER

thats the problem with lies, you change it those losses become more and more

so story changed?

If you change story you will die more and die faster coz losses will be even more

thats the problem with lies, you NEED to keep changing them and the losses become more and more everytime story changed

I calculated those interest charges
coz Gang Member claimed all Sales & Purchases are hedged so Guaranteed Heaven Profits

you too young

Tun sacked Anwar coz Malaysian Interest rates shot up to 30% per annum

as Finance Minister
Tun immediately ordered the 3.8 peg
and ORDERED BNM Governor to reduce interest rates

=> kampung feller like you sure dunno loh !!!


MoneyMakers

Aiyoyo no need BS 20% interest rate

In such scenario, whole world bankrupt lo

Housing market totally collapse @ everyone default cannot pay house loan 20% interest

5 minutes ago

I deleted my posts to make it easier to read since the Dragon copied it already

Raider dun mind coz Raider is at home wearing his expensive Armani "Birthday Suit"
when he goes out of his house, he robs a sarong from next door punya baby girl.
and goes out with just sarong and his between legs spaghetti stick just swinging free.

poor baby girl then instead of bouncing up and down happily just sleeps on floor crying.


Posted by BobAxelrod > 1 minute ago | Report Abuse

It's slanderous to accuse a company of not reporting/hiding Losses.

Bob

if you want you can be Market Maker for Hedges also, then you can sell hedging to HRC
just apply to Morgan Stanley.

However its impossible to know from market listings who is offering what as the Market Maker info is not shown on screen.

Just like when you sell shares ... BURSA does not display this share is sold by Bob
same there.
those hedge offers do not show Name of Market Maker.

so Raider's Theory is very difficult in real life practice.

PetronM should be ok for next few handful years
unless Mike Cheat You Crazy or Dragon are appointed as CFO [Chief Fcuk Officer]

Shell stations are progressing rapidly to EV charging and other costume jewellery like RFID payments
if you are in a rush Shell RFID payment is very convenient

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its interesting!!!!

but but but

=> Tomorrow is always the same as Yesterday

and you have your answer

////
Third, check the Author's track records.....I have seen Sifu Probability's earlier analysis in Heng Yuan 1 (2017), Lionind (Steel Party in 2018) ,I think Dayang as well (2019).....

While I cant deny his facts n figures fm his previous posts sometimes do look convincing, but the ending is all the same.

See if we shall see a different ending this round.
////

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Leno is here already coz Mike Cheat You Crazy is here

otb
I also said you can quite likely can triple your capital ...

otb
I did not attack you
I just said I hoped you did not all in

since you confirmed you did not all in, then ALL IS GOOD!

Cheers !!!

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my mental Dragon balls[park] was RM5 Billion losses by HRC already

today my excel spreadsheet confirmed RM5.4 Billion losses by HRC = matches RM5 Billion borrowings by HRC to cover sinkhole aka losshole

personally I think RM10.8 Billion losses by HRC is quite likely and cannot be ruled out.

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I have refined HRC "almost Guaranteed" future punya losses to quite close.
If not almost guaranteed why did HRC borrow RM5 Billion?

'and discovered why HRC wanted to borrow RM 5 Billion" coz those figures quite match

using latest QR data

@10% Interest rate
[quite likely by all experts from US Investment Banks as interviewed by Bloomberg]

=> assume 80% borrowings per Contract
=> assume 3 years hedged

for sales 100% Hedged the swap rates will cost
3 years Total => RM2.856 Billion
average per year => RM 0.952 Billion

for purchases 100% Hedged the swap rates will cost
3 years Total => RM2.52 Billion
average per year => RM 0.840 Billion


Conclusion =>
at very likely 10% US Interest Rate the 3 Year Total Additional Losses from Hedging = RM5.4 Billion

at very possible 20% Volcker Fcuk US Interest Rate the 3 Year Total Additional Losses from Hedging = RM10.8 Billion

when HRC executed those Long Term Futures Contracts Nobody ever imagined that USD interest rates will be high.

now nasi jadi bubur => need to borrow RM5 Billion to standby

Please note that long term futures hedges are extremely dangerous in High Interest Rate Regime like a Volcker Fcuk

you would borrow 80% of any contract coz notional value is only 20%

means interest rate of 20% will be applied to 80% borrowings for 3 years

=> Guaranteed Bankruptcy, no kidding, you do the maths yourself

thats why HRC needs to borrow RM5 Billion just to survive ....

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Raider

for fixed term Futures Hedges, buy early is cheaper sometimes not always
Market Maker fixed price cheaper coz you pay more swap rates

so at report date its unrealized gain/loss pertaining to future periods as long as possible 10 years later.
[you wanna buy, Market Makers will give you a Quote]

putting inside current year PnL will be fake results since its 10 years later punya effects

Raider

I already explained above

////Rightfully Hedging losses should flow thru P&L mah!///

my understanding is that

realised hedging losses flow thro PnL as part of purchase or sales where applicable
realised gambling hedging done unrelated/unconnected/unidentifiable to specific purchases or sales will go to a one liner that is part of PnL [I would call this gambling profits/losses, cough cough]
unrealised hedging losses of all types flow thro Comprehensive Income

sslee
ok
Dr Google has limitations especially self-medication with over the counter OTC drugs be very careful

sslee
offhand
I believe diesel is more alkenes than alkanes, major component is actually Napthalenes
Napthalenes are essentially complex multi-cyclic aromatics essential unit benzenes build up together not cracked yet

////Diesel is made of alkanes with a chain length of between 12-23 carbon atoms.////

sslee

Thats Chemical Engineer Ignorance for you.
Petrol composition of
Esso => 60% Benzene [This later became PetronM]
Shell => 40% Benzene [This later became HRC]
the whole class got plus minus few % variance

Benzene vs alkanes is like Elephant and Giraffe.
You just cannot mistake the differences

Just where did you get your info from?
I personally tested this via Liquid Gas Chromatography in University of Malaya, Chemistry Department

=> Petrol had been benzene since Rockefeller days punya Standard Oil

Posted by Sslee > Sep 2, 2022 2:32 PM | Report Abuse

Just some correction to MM ignorance on refining yield
Petrol is made of a mix of alkanes and cycloalkanes with a chain length of between 5-12 carbon atoms. Diesel is made of alkanes with a chain length of between 12-23 carbon atoms.

17 minutes ago