Posted by qqq3 > Sep 15, 2018 10:28 PM | Report Abuse
kc
u worry too much....
my sifu not worried, why u worried?

Not worried. Bought all the way up to RM1.80+ but sold it at RM1.00 for 45% loss.

Wrote scores of articles telling everyone to buy and margin, because the company and management is so fantastic, but got to sell at RM1.00.

What kind of business sense is that? Or is it Bullshit?

Posted by qqq3 > Sep 15, 2018 10:06 PM | Report Abuse
kc.....
if you didn't sailang earlier, now can do so.....

Me sailang? On Jaks? You mad ah?

You have been salanging and margining, and call everyone to sailang and margin when Jaks was above RM1.50. I guess you must have lost 76% of your capital now. How to sailang anymore. Can't even buy any I think.

I of course can buy if I want as I have plenty of bullets. But can you, and those who followed you sailang and margin at above RM1.50?

So who has been right and who has been wrong, those who margin and sailang and pestered others to do so, and those who listen to me and don't?

Posted by abang_misai > Sep 15, 2018 04:20 PM | Report Abuse
Apa khabar Hevea?

Every time I share an article, you would post this comment. Ok, I let you know what happen to my Hevea.

I started to talk about Hevea in November 3 2013 when its adjusted price then was 22 sen here.

https://klse.i3investor.com/blogs/stock_pick_challenge_2013_2h/40360.jsp

Of course I would have bought it earlier. I sold half of my holding on 24 November 2016 at RM1.514, and the other half at RM1.46 on 14 February 2017.

Can you calculate how much I had made ah?

Posted by qqq3 > Sep 10, 2018 11:56 PM | Report Abuse
truth be told I did say buy when it was $1.50 before hitting $1.80. never said a word since.


With your persistent and non-stop calls for everybody to sailang and margin and plus the above, Jaks has lost of 57 sen, or 38% from RM1.50 to 93 sen now. With 50% margin, I don't know how much you have lost.

Still triple your RM100k to RM300k?

But scores of innocent people followed your calls are in deep shit now!

Posted by qqq3 > Sep 14, 2018 06:58 PM | Report Abuse
diversification is the main tool professionals use to make sure of margin of safety.....that your EPF funds still around when u need it.....

Holy cow, you are continuously showing your backside, and front side too in the public.

Not shame ah?

Posted by kcchongnz > Sep 14, 2018 06:46 PM | Report Abuse X

Posted by qqq3 > Sep 14, 2018 06:00 PM | Report Abuse
kc....margin of safety should refer to what is worse case scenario.....
buy mutual fund la....most mutual funds in Malaysia are well managed and will not suddenly lose 50 sen on the dollar......


Is that the your understanding on what "Margin of safety" is in value investing?

And you base on your completely wrong understanding and go everywhere to "bash" others mentioning about MOS?

You have become a laughing stock without knowing it.

That is why I said the more your talk, the more you expose your backside.

Posted by qqq3 > Sep 14, 2018 06:00 PM | Report Abuse
kc....margin of safety should refer to what is worse case scenario.....
buy mutual fund la....most mutual funds in Malaysia are well managed and will not suddenly lose 50 sen on the dollar......


Is that the your understanding on what "Margin of safety" is in value investing?

And you base on your completely wrong understanding and go everywhere to "bash" others mentioning about MOS?

You have become a laughing stock without knowing it.

That is why I said the more your talk, the more you expose your backside.

qqq3 rigid is death, flexible is life
https://klse.i3investor.com/servlets/forum/600173349.jsp

ME: JUMBO MUMBO. DON'T KNOW WHAT THE HELL YOU ARE MURMURING ABOUT THERE!

margin of safety? if u are so interested in margin of safety, go invest in mutual funds/FD.....see the discussions with that Bufalo wannabe.

ME: WHY INVEST IN MUTUAL FUND/FD FOR MARGIN OF SAFETY? CAN ELABORATE AH?

Posted by CharlesT > Sep 11, 2018 06:06 PM | Report Abuse

Kc, after so long n yet u are still so serious abt qqq3 then i believe its more on yr problem n not qqq3



Charles, you may be right. This advice is taken.

Posted by qqq3 > Sep 11, 2018 12:17 AM | Report Abuse
I told u their gross construction profit is 20%... u don't believe me but they delivered that didn't they?


So you are damn good in forecasting the profit of Jaks?

Please enlighten us,

1) How was the construction for Jaks awarded?
2) Who awarded it?
3) When did Jaks carry out the construction work?
4) How did Jaks get the 20% profit?
5) Where is this "profit"?
6) Who paid it?

Posted by qqq3 > Sep 10, 2018 11:30 AM | Report Abuse
kc
my attitude towards stock market?
stock market is principally about concepts, about business sense about sentiments....at least through the periods I am likely to be involved.......

ME: WHO CARES ABOUT YOUR ATTITUDE? DID YOU FIND ANYONE IN I3INVESTOR?

irr of jaks over the 20 years of the project?
u serious? u want to hold this thing for 20 years?

ME: HOW DOES IRR OF JAKS RELATE TO HOLDING THE STOCK FOR 20 YEARS?
INVESTORS MUST HOLD IT FOR 20 YEARS THEN ONLY JAKS GOT ITS IRR OF 12%?
OUTRAGES!

and u think u can forecast its future?

ME: I CAN'T BUT YOU CLAIMED TO.
REMEMBER HOW YOU SHOUTED ABOUT MARGIN AND SAILANG JAKS WHEN IT WAS RM1.80+? IT IS ALL OVER THE PLACE.

Oop sorry DK66,

Forgot to thank you for the enlightenment of this power plant project.

Thank you.

Posted by DK66 > Sep 9, 2018 09:50 PM | Report Abuse
Kcchongnz,
You may find my estimation hard to stomach. Based on ultimate 40% ownership, my estimates of FCF range between AVERAGE of RM300m to RM500m annually.


Wonderful. I would like to restate that you are the most knowledgeable person on Jaks's power plant. From our discussions, I can see it clearly. This doesn't mean I agree with you though.

I would stop my discussion about this right here.

Care to share with me your assessment on Jaks' power plant, including your estimate of this future FCF, discount rate and other assumptions? Will highly appreciate it. You are not obliged to though. It is ok if you don't wish to.

Any sharing from you will be strictly confidential.

ckc13invest@gmail.com

Posted by Icon8888 > Sep 9, 2018 02:15 PM | Report Abuse
I usually don't go into such details. Like qqq3 always said "garbage in garbage out"
Having said so, please don't be discouraged by my comments, go on and discuss whatever you guys like. I keep my mind open


Everybody invests differently. Some people need to have an estimated value, at least a ballpark figure before investing, nothing details. For example, an estimate of how much the cash to be received each year. Otherwise, how to determine if a price given is reasonable?
Yeah, I am talking about investing, not punting.

Some like the hero qqq you mentioned needs nothing, except personal attack, defaming and BS, I mean bullshitting. But that is also his prerogative.

Posted by DK66 > Sep 9, 2018 01:46 PM | Report Abuse

When we are faced with limited information about a project, Project/Equity IRR of a project becomes a valuable piece of information. Subject to certain assumptions, given the cost of the project, the debt ratio, the payback period and the operation period, "we could be able to roughly make a projection of the FCF pattern."
In my opinion, assumption of RM100m annual FCF is far too low and is contradicting both 12% IRR and 8 years payback period.


DK66,I am getting good opinion from you. Could you share what is the estimated FCF Jaks is getting in the future 25 years when power is being sold? What is your estimation of the present value of this FCF?

Posted by DK66 > Sep 9, 2018 09:38 AM | Report Abuse

Kcchongnz,
That is the most crucial piece of information for our decision. However, there is very limited information on this part. That is where business sense becomes useful.
However, there are some yardsticks for evaluation,
1. Management has indicated that the IRR would be 12%. ( Cannot be higher as restricted to 12% by the Vietnam gov't on all foreign BOT)
2. Management has previously estimated profits for the project to be around US$150m.
3. Management has indicated that payback period would be 8+ years
4. Management indicated that the profit would be more than RM100m during the latest AGM
5. AES Corp 51% owned Mong Dong 1,240MW coal power plant in Vietnam which started operation in April 2015, distributed US$46m in 2016 and US$51m in 2017 to AES Corp. Normally distribution will grow as requirements for working capital, cash reserves for maintenance, and cash reserve for debt covenant, reduce over time.
6. An article in The Edge Weekly in 2015 cited IRR will be at least 15% from unnamed sources.
As I do not want to be doubted for providing projections which are "too good to believe" , I will not provide my projection on the free cash flow.
I believe you are capable of working out your projections based on the information above.
I hope I have been helpful.


To me, whether it is lucrative to invest in a company has any business sense must depend on, at least some estimations; how much I pay for the investment, and how much is my potential return.

1) IRR is only relevant when we carry out a financial feasibility studies. IRR must be higher then the cost of equity, taking into and topping it up with all the risks and their premiums involved. But now we are investing in Jaks at this moment in time, of which the power plant is one of the projects, we are be concerned of what its future cash flows, free cash flows in particular, for Jaks for the next 25-30 years. This is important as we can compare with what we pay for Jaks, and if this price is a good price, if we want to talk about investing for long-term, rather than speculating for short-term gains.

2) what is this "profits"? I guess you must be referring to the annual profits of the entity. So 30% for Jaks? Is this the same as free cash flows? Does it mean the entity just came up with USD160m initial capital, and getting FCF of USD150m when the power plant starts, and for the next 24 years? You said the JV partners need not come out with any more capital because the construction profit will pay for the remainder equity. This can't be true, can it. If so this must be the most lucrative PPA in the world and in history with IRR>30%?

3) IRR 12% is quite correct then if payback period is 8 years. But this must be cash flows then. But this statement disproves the above. The payback period is much shorter if the initial investment is 160m but 5 years later the jv makes 150m and continues.

4)Let say the profit is actually FCF. How much is RM100 from the power plant translated to EPS for the enlarged 800m shares of Jaks? 12 sen per share? What price are you willing to pay for this cash flows?

Bearing in mind also when we invest in Jaks, I reiterate, invest, we are investing in the whole company of Jaks, its power plant, property and construction, and most of all, its management.

5)No comment.

6) Does this violate the Vietnamese regulations?

I also believe the Vietnamese power profit would likely to be successful. Just ponder if Jaks is worth investing, and at what price.

No, I am not able to make projection of its FCF. I do not know much but just trying to find out more about it for curiosity sake.

Posted by Icon8888 > Sep 9, 2018 12:46 AM | Report Abuse
Went to queenstown
Lovely place


Did bungee jump, gliding, parachute, ice skating?

Posted by Icon8888 > Sep 9, 2018 12:39 AM | Report Abuse
btw KC I visited your Kampung last year (Auckland)
very friendly people,
thumbs up

Yeah, me included.

But why never visit me? I could bring you to the best food in Auckland; Western, Korean, Japanese, Middle Eastern, Chinese etc.

DK66,

Any idea what would be the annual free cash flows like for the power plant operations in the 25 years?

Posted by sense maker > Sep 9, 2018 12:24 AM | Report Abuse
Banks can lend to jaks, jv as an entity or jv partners and will collect its loans via repayment from whoever t borrower is. In any case, it would not affect capital structure of the jv.

Thanks sense maker. I understand now.

Posted by Icon8888 > Sep 9, 2018 12:22 AM | Report Abuse
No idea. the information is simply not available. Between you and me, I am approaching it as a trader (hush hush don't tell others). MIGHT cash out when stock starting to approach my target price (expected to happen as we draw closer to completion). Of course, will hold on if positive cashflow information surfaces and it satisfy my dividend yield stock requirement
play by ear

Understand. I thought of punting too, but scared of another "margin call".

Icon,

What do you think your good friend thought Jaks is worth say RM30, ja(c)ked the share price up to RM1.80+ from a penny stock, but sold off at RM1.10?

For what he thinks is a great company with multibagger potential, can't wait for a few years to see the fruits of success?

Icon,

Any idea what is the cash flows be for Jaks when power plant in operation? Any estimation?

Posted by Icon8888 > Sep 9, 2018 12:00 AM | Report Abuse
the 75% 25% structure already include funding for the USD120 mil construction profit

You probably are right as I am sure you have studied the numbers in more detail and know much more than me. Thanks.

Posted by Icon8888 > Sep 8, 2018 11:25 PM | Report Abuse
the following information is extracted from section 2.10 of Jaks 2015 circular (link below) :
(a) total equity contribution required from Jaks is RM536 mil;
(b) as at 2015, Jaks has already made advances of RM196 mil to IPP. That amount will be capitalised;
(c) IPP construction profit will contribute RM226 mil; and
(d) Jaks to further inject RM114 mil. (probably through the latest rights issue of warrants and private placement)
The above info is correct as at 2015.

So it is not true that Jaks will not have to come out any more money. It still has to find RM114m.

DK66, do you agree? I am just trying to understand the project.

Posted by DK66 > Sep 8, 2018 11:46 PM | Report Abuse
Kcchongnz, I don't know everything about Jaks. Let me try to answer your question anyway.
Rightfully, Jaks will be paid US$454m for its EPCC contract which costs Jaks about US$332m to carry out the works. Banks will finance 75% of the contract fees.
Accounting wise, Jaks will bill JHDP US$454m for the work done and get US$332m payment. Balance will be injected as payment for equity capital.
So, it will not affect the structure of the JV .

I know it won't affect the 70:30 structure of JV. But if banks were to fund the USD120m in construction profit, instead of the JV partners come out with that money, wouldn't it affect the capital structure of the JV, that bank funding would be say 90% now, instead of 75%. Would banks agree with this new capital structure?

DK66,

You may be right as you know more about Jaks than me. I have a question here.

Jaks portion of equity requirement is USD110m in future commitment. That would be part of its share of equity injection which makes up its 30% stake in the power plant.

If Jaks (and the Chines)is allowed to use its construction profit to make up this remainder equity, who pays for this shortfall of USD110m?

CPECC, or the Chines banks?

If CPECC pays for it, wouldn't CPECC's stake be increased to more than 70%, may be 85%, and Jaks stake reduced accordingly?

If the Chinese banks foots the difference, wouldn't the capita structured changed? to 90%:10%?

Posted by DK66 > Sep 8, 2018 09:59 PM | Report Abuse
kcchongnz, feel free to correct me ......

What you are saying Jaks and its partner need not come out with a single sen, but just by borrowing from the bank, and can own such a lucrative power plant in Vietnam for a concession period of 25 years?

I don't need to know anything about the project and I know this can't be true, can it?

No capital needed, and hence riskless, to own such a lucrative business from the Vietnam government?

Is there such a big frog jumping all around? What is so special about Jaks that it is the "chosen one"?

https://klse.i3investor.com/blogs/kcchongnz/123266.jsp

Posted by DK66 > Sep 8, 2018 04:59 PM | Report Abuse
Commonsense, it is clearly written in the annual report that the capital commitment of the company is US$110m. Jaks' EPCC contract, which is subcontracted to CPECC, is worth US$454m. Based on its historical profit margin of 27% on the project, it is expected to earn US$122m whch is just right for its capital commitment. Hence, the vietnam project will not require any funding from Jaks.

I thought you are the most knowledgeable one in Jaks's power plant in Vietnam. Now I begin to doubt so.

Posted by Sslee > Sep 8, 2018 06:45 AM | Report Abuse
Dear KCChong,
I did bought Jaks but after attended JAKS AGM in 2017. I have doubt on CEO Mr. Ang ability thus sold all the share and never look back.
Thank you

Sslee, good move. That saved you from heavy losses.

There are two important things we must watch out for regarding the management of a company we wish to invest in, 才 and 德.

Many of them have the first one, 才, but few has the second one, 德. Without them better not to invest in the company. Worse if the management has only 才 but no 德.

It is the same thing if we wish to follow anyone in investing. I pay no attention if he has 财, but I will be very wary if he has none in 才 and 德.

Posted by Sslee > Sep 7, 2018 06:12 PM | Report Abuse
Dear ks55,
I did not invest in sendai as I agreed with KCChong that the risk is too high and not suitable for ordinally investor. Now my biggest holding is in INSAS and TAE.
Tq

Luckily you don't repeat the same mistake buying Xingquan, Hengyuan as touted. Hope you didn't buy Jaks too. Tell you one thing. I seldom wrong when I talk about lemons.

As for your Insas and TAE, I think you will do very well if you have the patience. I own Insas too.

Posted by qqq3 > Sep 7, 2018 10:38 PM | Report Abuse
kcchong..
plenty of example of so called value investor shares rout.....if not sure look at your own portfolio.

How the hell you know how my portfolio is doing?

I will write about it next in i3investor.

So can you guess how my portfolio will be doing?

Make a guess.

Posted by Alex™ > Sep 7, 2018 02:20 PM | Report Abuse
My Knm lose until ahma cannot recognize


Alex, I know you have found FA has no use making money in Bursa. But it does help you to avoid losses, big losses.

You may read a couple of my many articles in i3investor regarding KNM below to understand why FA is important, not only in Bursa, but all stock markets in the world. Just a suggestion.

Hope, a psychological pitfall in investing
https://klse.i3investor.com/blogs/kcchongnz/51962.jsp

A Christmas reflection on the perils of investing
https://klse.i3investor.com/blogs/kianweiaritcles/43909.jsp4133

But it is not so much of "buying" A. If it is so, it has to appear in Bursa announcement. It is more of a "top up" of margin.

Just a guess.

Posted by kchia > Sep 7, 2018 02:38 PM | Report Abuse
A= jaks, B= lionind


"Margin call" and "forced" to sell A, but actually thought could make money with B, as there was euphoria in B with many buy calls. Easy to make money like that with cooperation by "others",like before, although I doubt he believed B is a good long-term investment as this was mentioned before. Only can manipulate sentiments of the public and make quick money if there is concerted efforts.

Now A keeps on dropping in share price as there was no more concerted efforts. Likely margin calls as banks have to protect themselves first. Instead of letting it to be "margin calls", make the top up. So sell B to top up for A.

Makes sense?

The case of Optimus the suicide guy........
Author: qqq3 | Publish date: Tue, 3 Apr 2018, 09:53 AM


Wow, I didn't know there was such a thread. Incredible, horrible, unbelievable, distasteful, insane, so mean!

I never know a 60+ "professional" could produce such a story, to drag out a deceased person (RIP) just to smear someone for his own personal agenda, ego and jealously.

Disgusting to the bone!

Posted by 3iii > Sep 6, 2018 07:48 AM | Report Abuse
His calls in 2015 (with otb's help and perhaps, KC? too ) made him a lot of money.

3iii, please take out my name from the above. I played no role in it, and I don't wish to be associated with it.

Posted by qqq3 > Sep 6, 2018 10:47 PM | Report Abuse
Fundamental123. Successful investors say you buy a business not the share price. Still cant do it after so many years.

I have been writing these for 2 years in i3.....
everybody bashes me....because I bash kc chong and value investors......lol
2018 I make money...value investors died.
Disillusioned with value investing? u should be


You have the kuali to "bash kc chong" in value investing?
You have no idea what is value investing, absolutely none. Go back to all those things you wrote about "bash kc chong". And read all my replies. See how you have been making a blody fol of yourself!

You make money in 2018? Wow, I didn't know for the whole of this year, you have been telling people to sailang, margin on Jaks and Sendai when they were trading at RM1.80 and RM1.20, and you still make money?

Have you been doing something illegal?

Tripled your RM100k this year? Working for widows?

qqq3 this kc want to focus on KYY because it is popular to do so.
I want to focus on his good pal, OTB because it is not popular to do so.

If you have just a little intelligent, you would know that this article is about issues; issues on difficulty in earnings predictions, the steel industry, and the twist-and-turn, and misleading contents about issues etc. It has nothing to do with any personality.

It has nothing to do with anybody whether how rich he is, how he has amassed his wealth, how well-known he is in the society, what he has been appointed to do in what committee etc.

I have no interest, absolutely none about the personality mentioned.

Posted by Sslee > Sep 2, 2018 07:58 AM | Report Abuse
Dear KCChong,
I look into quarter report of HRC and Lionind. I think at most we can try to calculate/predict the operation profit. What is very difficult to predict is others losses sometime I suspect the management is playing with the account.
I really sympathy with OTB despite his hard working and doing a lot of research the quarter result remain unpredictable.
Thank you


All profits, whether operating or net profits are difficult to predict. It is difficult for retail investors, it is also difficult for professional analysts who have all the data, talk to management etc. Even it is difficult for management to predict.

Management can and often manage profit, but normally to make it good, rather than the other way around.

That is the theme of this article.

Posted by Halite > Sep 2, 2018 02:28 PM | Report Abuse
Both KC and qqq3 share the same view lionind earning potential is not as promising as future eye, otb and probability said.
Since same view, the there is no horse to come over
Talk about otb is out of the topic, discussion not alliwed.
Please respect the ruling

Ah Seng, when you read something, you have to understand it before you make statement.

When and where did I make my view on the future earnings potential of Lionind?

When and where I share a similar view with this triple q? I don't want to touch him even if a ten-foot pole!

Posted by qqq3 > Sep 2, 2018 12:56 PM | Report Abuse
this kc what is he good at?
whatever he is good at, making money is not one of them.


Well, I have no comment on this comment as I do not like to boast around in the internet space. But just something to ponder about; are you good at making money in the stock market?

This may provide the answer.

quote "I believe if there is a survey done on qqq3 and me,
I am very sure I beat qqq3 flat.
qqq3 lost to me in a gentleman competition.
He is a forever loser if compared against me.

In term of knowledge and wealth, I am very sure I beat him flat.
qqq3 jumps 10 times still lose to me.

I told Mr Koon not to depend on me on stock recommendation, qqq3 can help him.
You guess what is the answer ?
If he is so good, he would have made million in KLSE.

RM 100k also cannot take out to invest in KLSE, how to make million ?

I am so sorry to say it out in this manner, I have no choice because he misbehave himself.
I do not wish to attack any person in I3 unless he bad mouth me all the times.

I stop here.

Thank you.
Ooi" Unquote

Posted by qqq3 > Sep 2, 2018 12:56 PM | Report Abuse
this kc what is he good at?
whatever he is good at, making money is not one of them.

This article discuss about issues, prediction of quarterly results, steel industry etc. It has nothing to do with personality.

Why do you want to bring in kc?

Why do you care if he makes money?

Posted by qqq3 > Sep 2, 2018 01:24 PM | Report Abuse
I attack otb and kc for good reasons one....
this is the best way to illustrate my points.

Bring your horse over. We need some entertainment in i3investor. Without you, there is less fun here.

Bring it on.

Posted by newbie911 > Sep 2, 2018 01:22 AM | Report Abuse
Dear Kc, from the quarter report, exceptional item is Rm1.152 million for this quarter, how u get Rm10.3 million?

Your "exceptional item" is not the same as mine. Yours is a provision for indemnity, and mine is the gain in disposal of an associate mentioned in the footnotes.

Posted by Halite > Aug 31, 2018 12:56 AM | Report Abuse
KC,
A good intention do in a wrong way creates more harm than good
Do you agree?


Ah Seng, I thank you for the respect you have been giving me. In return I respect you too.

As I have said, good medicine tastes bitter. Without good medicine, sickness cannot be cured.

But frankly I believe this will again be a futile endeavor. At this age, everything is hard-wired.

I think Sslee wrote this with good intention to the man he respected.

From what i have read, he had lost money in Xingguan, Hengyuan etc but he has not openly blamed anyone. From my observation, he is quite a well to do person, an expatriate engineer, still working. I am cock sure he doesn't need a sen from anyone to compensate his loss. Not everybody is crazy about money anyway, including Sslee.

From my analysis, he wrote this with the hope that the person he respected wake up and stop all those nonsense, more for the preservation of the reputation of the subject. Yes, there are nonsense, period!

This is evidenced from one of his comments here,

[Posted by Sslee > Aug 20, 2018 01:10 PM | Report Abuse
Dear Halite,
But expectation on Mr. KYY is equally sky high because of his respectable social status, founder of many companies, philanthropist works, keen and prolific writer on politic, economy, nation, life and investing plus his proclaimed noble intention to teach general public on how to invest and to become successful in investment and life. Thus his conducts had to live up to a certain high standard.]

A PLP person makes you happy, yes, but it is not long lasting, and it will make you lose your senses to do the right thing. In fact, I am just disgusted the way the PLP is carried out. Can't you see that too? Are you blind?

A true person tells you the truth. Good medicine never taste good.

Posted by Icon8888 > Aug 28, 2018 05:02 PM | Report Abuse
sifu KC welcome to the club. Join us to punt lah. Help to exercise our brain

I do, but a little. Good trading psychology can also make money.

But when I write for the public, I don't encourage, knowing that most will lose money.

Posted by probability > Aug 28, 2018 04:59 PM | Report Abuse
KC read Koon better than anyone else....

You are quite right but may not be 100% right. The other person may be better than me, CharlesT.

Posted by qqq3 > Aug 28, 2018 03:48 PM | Report Abuse
by qqq3 > Aug 26, 2018 03:56 PM | Report Abuse X
tell you what.....
no more extremely low PE sector...after the 2008 crisis , have 10 years to recover ....steel the last of mohicans? various sectors have been pushed up and down already, some gets raped so badly, even years later cannot recover.
After the next results, two things can happen......the steel shares gets whacked up to average PEs...or more likely, it becomes obvious earnings are declining and outlook not good.....justifying both the trading prices and the low PEs.....
kc the professor got the business sense to comment or see it coming?


I am a value investor. When Lionind was 60+, value emerged and I hantam. But when your master came out with the first article blowing water on Lionind when Lionind was RM1.26, I cabut fast fast.

Yes, I saw it coming; how the share price will tank with articles after articles within a week. It is a norm. Didn't you see it?. Then you really have no common sense.

It is nothing to do about business sense. It is just common sense.

So you didn't benefit when Lionind share price went up from 60 sen to RM1.30? He didn't tell you meh? Feel frustrated? Is that the reason you keep on badmouthing Lionind? Not scare on reprimand? No more crumbs already oh!