Posted by qqq3 > Jun 4, 2018 09:55 PM | Report Abuse
the record of any certified financial planner ever successfully helping anyone is questionable at best...and abysmal is common.


That depends, whether you are a truly professional, and have the interest of the clients first.

But sadly the financial advisory in Malaysia is still a lot to be desired. Most are focussing on selling products rather than giving comprehensive financial advice.

There are some professional financial planners around, but I have to say, they are not the majority.

Posted by Jon Choivo > Jun 4, 2018 09:15 PM | Report Abuse
I think houses are in general a bad investment. The only reason its good, is because you can leverage 10x, and the economy is booming, along with the low liquidity which allowed prices to inch upwards. In recent years however, people flip and speculate on houses a lot more, which means what was a safe investment, is now very very unsafe especially given your 10x leverage.

In addition the loan on your neck means you will not be able to take advantage of good working opportunities outstation or overseas.

If you're buying for investment, for you to cover your rental, you need to hit about 6% yield to be safe. That is impossible to get unless you AirBnb. And why make life hard, if you must have this kind of regular income, buy TWRREIT, prime location, high yield, low debt

The only time you should get in debt or a house, is in throes of a recession. When yields hit 10% or more. At those moments, just whack only.



Agree. House is no longer a good investment nowadays.

However, we are not talking about investment in a house, but rather to own a house to live in once you have started work, and especially starting a family. There are many non-financial benefits from owning a house. Don't always think of financial aspect only in every life decision we make.

Posted by qqq3 > Jun 4, 2018 09:53 PM | Report Abuse
I tell you how anyone can improve their lives and especially your financial life....
You can do so by being a Jho Low, a gambler / speculator extraordinary.......if you have the inclinations and talent

This is glaring how decadence our society and the education system has been through producing this kind of people and their mentality.

“The stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.”

― Benjamin Graham, The Intelligent Investor

Posted by qqq3 > May 25, 2018 10:22 PM | Report Abuse

do u know this is the only industry teachers in their Proton Sagas teach people who comes in their Mercedes how to make money.....isn't that an irony?

ME: YEAH KAH? I DIDN'T KNOW TEACHERS TEACH THOSE WHO COME IN THEIR MERCEDES. HOW YOU COME TO THIS CONCLUSION? PLEASE PROVIDE EXAMPLES, EVIDENCE ETC.

Teachers so good, they should come in their Mercedes.

ME: WHETHER SOMEONE IS GOOD OR NOT, IS THAT MEASURED BY THE CAR HE DRIVES?
IF SOMEONE DRIVES A MERCEDES, OR ROLLS-ROYCE, HE MUST BE A GOOD MAN?
WHAT KIND OF MENTALITY IS THAT?

The truth....the truth is it is all a game, just a game. You can't learn how to be rich by mixing with negative people. You can learn how to be rich only by mixing with positive people. Its an attitude thing too.

ME: INVESTING TO BUILD WEALTH A GAME?

By the chosen topic , you have shown yourself to be the negative sort....surely cannot teach how to be rich from stock market.

WE ARE DISCUSSING ABOUT INVESTING HERE.
AVOID TO BE OVERCONFIDENCE IN INVESTING A NEGATIVE MENTALITY?
AVOID LOSING BIG IN INVESTING A NEGATIVE MENTALITY?


Back to your margin of safety, you cannot understand me because you do not use your brain, never even try, simple as that.....try using your brain for once, and ignore your maths for once.

ME: HOW COULD ANYONE UNDERSTAND YOU BECAUSE YOUR STATEMENT BLURTED OUT WITHOUT GOING THROUGH SOMEONE WITHOUT A BRAIN IN THE FIRST PLACE.

Posted by qqq3 > May 27, 2018 08:52 PM | Report Abuse
The implication is that business sense is even more important than before.......
All your previous maths and previous margins of safety is already obsolete.
Valuations of shares without understanding the business or without having business sense is misleading and some times downright dangerous.
margin of safety my foot.

Great statement, bravo.

But please elaborate what you mean by "business sense" in a well articulated article to show us you indeed have a "business sense", otherwise it is just "bullshit".

Posted by qqq3 > May 25, 2018 08:38 PM | Report Abuse

the real margin of safety comes from business sense and from truly understanding the business not from those maths formulas u teach........

ME:WOW, MARGIN OF SAFETY (MOS)COMES FROM BUSINESS SENSE??? HOW IS THAT SO? PLEASE ELABORATE.

the real margin of safety come from understanding the investors as much as from understanding the investee.....know thyself.....know the psychology of the investor......

ME: WOW, MOS COMES FROM UNDERSTAND THE INVESTORS? WHICH INVESTORS, THERE ARE COUNTLESS OF THEM?

WOW, FROM INVESTEE? WHAT INVESTEE?????
UNDERSTANDING THE INVESTEES? WTF IS THAT?


I think everyone who wants to do well have to travel their own lonely road to discover themselves.

ME: HOW??? WHY DO 90% OF THEM LOST MONEY?

your maths and you margin of safety is just an illusion...or worse an opiate for the masses.

ME: PLEASE ELABORATE.

Posted by qqq3 > May 25, 2018 03:58 PM | Report Abuse
buy with high margin of safety....I call that delusional, and worse, delusional confidence.


Your statement just blurted out from your mouth without going through your brain. In fact all statements from have been the same.

Why not write an article on this and give your argument why "margin of safety" is delusional, and what you mean by delusional confidence>

Posted by qqq3 > May 25, 2018 02:22 PM | Report Abuse

kcchongnz > May 25, 2018 07:28 AM | Report Abuse

Can you write something tangible to show that you have that ability?
======

why would I do such a silly thing. I don't need any fee paying students.

ME: IT IS A FACT THAT ALL GOOD INVESTORS WRITE WELL. WRITING SOMETHING GOOD AND TANGIBLE T SHARE A SILLY THING?
WELL, I CAN'T IMAGINE THIS KIND OF MENTALITY.

I show my portfolio in the name of transparency...new era Malaysia.
unlike your horse behind cannon.

ME: WHO IS INTERESTED IN YOUR SHOW-OFF PORTFOLIO? CAN ANYONE GAIN LEARN ANYTHING FROM THERE? WHAT CONTRIBUTION IS THAT TO I3INVESTOR?

Posted by qqq3 > May 24, 2018 11:09 PM | Report Abuse
teach others? don't waste my time. In stock market everyone should travel their own lonely road.



Has anyone asked you to teach him?

Anyone thinks that you can "teach"?

Can you write something tangible to show that you have that ability?

Posted by qqq3 > May 24, 2018 10:12 PM | Report Abuse
I can share my portfolio...no problem
medium term investments
Jaks, Sendai, AeonCr, Vitrox, FLHB, MRCB, Gas Malaysia, DRB
short term trading......it arises every day.....with 10% target mostly because difficult to see big bull run.


Anybody interested asked you to share your portfolio?
Anybody interested in your share your portfolio?
Is there any value in your statement?

You got so much time criticizing everyone (except one), why don't you write something more useful to share in an article, such as using Jaks or Sendai or whatever.

Then we can see how good you are.

I don't think anyone interested in what you own, or if you make money. I do not see any hint of it so far.

Good on you.

Please share with us, with a comprehensive article, how you go about buying and selling shares. We are not interested on what shares you have, but tell us your process. Then only others can learn from you.

We are still waiting.


Posted by qqq3 > May 24, 2018 10:33 AM | Report Abuse
truth be told, I don't need margin of safety....
but I feel very comfortable with my portfolio.
and I think there is nothing to worry about.
except for controversial shares, there is no better time for genuine investors.....so much stocks to pick from, spoil for choice.
for traders like me.....it is just perfect environment for me.
my advise...don't mix with negative people.

It doesn't mean we as investors do not take risks, but risks must be adequately compensated with a wide margin of safety.

Posted by Jon Choivo > May 23, 2018 08:53 PM | Report Abuse

Kcc, if you don't mind. What criticism would you have of my current top holding RCECAP. Not sure if you studied it before.


I looked at it long time ago and will have a look at it again. One problem with this kind of business is that lending money to people who are addicted to debts which they can't afford to pay has some clear and present risks too.

We can have a coffee together next month when I am back from overseas if you wish. Just email me.

Posted by qqq3 > May 21, 2018 04:59 PM | Report Abuse
always ask for time frames when being touted.
always give time frames when making predictions.

First of all, kcchongnz doesn't tout any stock. He advises, in this article, "Never buy any stock touted by anybody.

Secondly, kcchongnz doesn't make predictions in investing. Snake oil salesmen do.

Lastly, if you invest in a business, which you have before that look at all angles, what is your "time frame" investing in it?

Investing in a stock is no different in investing in part of a business for an "investor".

Speculator, of course, differs.

Posted by Flintstones > May 21, 2018 05:36 PM | Report Abuse
Why this kc chong come here in i3 act like an investment pro to teach other people what to do with the money? Kc chong how much you charging for your classes? I help you gain free advertisement ok?

I don't claim myself as a pro. Those are your words.

Help me to advertise? Okay, you may send your resume to my secretary and let her vet through first.

Posted by donfollowblindly > May 20, 2018 09:01 PM | Report Abuse
Why no answer? No wonder need course participant money. That is sure money to make.

Koon Bee How is Dayang?
19/05/2018 19:44


Dayang? Why ask me about Dayang?
Why must I answer?
Have I touted this stock in i3 before? Where? When?

Or are you soliciting a free lunch?

You don't seem to understand the essence of this article, "Never buy any stock touted by anybody.

Posted by donfollowblindly > May 20, 2018 09:10 PM | Report Abuse

If Koon Bee ask Dayang I ask how is Homeriz?

I shared my investment thesis on Homeritz in less than 5 years ago when it was traded at 44 sen, See this link

http://klse.i3investor.com/blogs/stock_pick_challenge_2013_2h/34945.jsp

Since the there was a bonus issues with free warrants, and good dividends for 5 years. I sold those I bought then a couple of years ago at about RM1.00, for cash to buy better stocks.

However, even if I keep until now, at 65 sen, and with the bonus and free warrants, the return will still be a few hundred times, even after the recent correction.

So, the answer is, not bad.

But why are you so concern of the share price of Homeritz? You should be more concern about its value.

Posted by qqq3 > May 20, 2018 03:00 PM | Report Abuse

one thing got to know about share market.....share market is not about facts and truths.....

share market, at least in the short term is about lies and sentiments.

ME: GOOD ON YOU. GO AHEAD TO FOLLOW LIES AND SENTIMENTS. BUT DO NOT FORCE IT DOWN TO OTHERS WHO WISH TO "INVEST" IN THE STOCK MARKET.

...and long term can be measured in years, far beyond any retailers patience.

ME: TO GIVE BIRTH TO A BABY, IT NEEDS 9 MONTHS.
TO BUILD A HOUSE, IT REQUIRES 3 YEARS.
TO START A BUSINESS AND TO BE SUCCESSFUL, IT NEEDS 5 YEARS.
TO CLIMB CORPORATE LADDERS TO THE TOP, IT MAY NEED 10 YEARS.

SO TO TAKE 10 YEARS, 20 YEARS, OR EVEN 30 YEARS TO BUILD LONG-TERM WEALTH, IS NOTHING.

SO DON'T THINK EVERYONE SHOULD FOLLOW YOUR INPATIENCE.

Posted by Xixili > May 20, 2018 08:08 PM | Report Abuse
Shifu, i follow ur call on favco. After so long still rm2.50. Really regret follow u

This article applies to everybody, including me.

But when did I make the call? Or was it just a sharing on investment principle and methodologies that you assumed that it was a "call"?

So, if you follow any "call", and do not make money, whose fault is that?

Posted by qqq3 > May 20, 2018 08:02 PM | Report Abuse

never buy any stocks touted by anyone...unless it is touted by the great kcchongnz

"The Great kcchongnz" (in your words, not mine) has written 316 articles in i3investor.

Does it appear to you that he has been touting stocks?

Oh yeah, there is something for you to learn which I am kind enough to tell you below,

Guy Spier said, real and proven successful investors "Don't talk about their current investments". Some of the reasons I have mentioned in this article.

Guy Spier is one of the greatest value investor now with the track record matching those of Joel Greenblatt, Mohnish Pabarai etc.

I read two statements from two separate author of articles, This first one is from a promoter,

"The vessel is under going a number of sea trials and hopefully it will be certified fit for operation soon. The owner of the vessel is Tan Sri Nathan, Chairman/CEO of Eversendai. He has a bank to provide finance to pay for the US$ 102million for the vessel as soon as the vessel is certified fit for operation."

The second one below from an analysts from an investment bank who also witnessed the testing of the lift boat in Arab,and maintained his target price of 74 sen for Sendai,

"First sail off. SENDAI began its sea trial for their first liftboat on 21st March 2018. The liftboat can be delivered to Vahana once the sea trial is completed along with some fine tuning. We expect the delivery to happen latest by June-18 once Vahana secures a charter contract and the corresponding financing bank (of Vahana) releases the remaining payment of USD36m (RM141m) to SENDAI."

The first one says Sendai will receive USD102m upon the certification of fitness, and the second one just the remainder of USD36m, but upon Vahana secures a charter contract, and the corresponding financing bank release.


Note they are totally different in the amount to be received, as well as the conditions imposed by Vahana (that a charter is secured), and the banks.

So which is which Mr qqq?

Posted by qqq3 > Mar 27, 2018 01:03 AM | Report Abuse
kc...my dealings with you here suggest big picture, business sense is not your strength...but all good investors , big picture and business sense have to be their strength......

So huge loan of RM912m has to be repaid to banks within this year is not a concern.

So, Sendai building the boat without the client having to pay a single cent, up to the stage that full certification must be obtained by authority, and the bank approves the loan after that, before a single payment, is not your concern as a shareholder.

What if the certification is delayed again, or say not approved until major modification is needed?

So you ar a man of "big picture", and BS?

So can elaborate your "big picture" and "BS" about Sendai that you just wont care anything else about Sendai?

Posted by qqq3 > Mar 27, 2018 12:11 AM | Report Abuse
amount due by customers ( contract account) $1 billion.....that was the concern of some analysts...you know...the dumb dumb type?
a major portion of this account is the WIP on the lift boats to be ownned by Tan Sri private vehicle.....Once the certificate is released, the boat goes to Tan Sri ( he takes up the financing )...the money goes to Sendai.......read the articlle....The total construction cost was US$102 million (RM398.82 million)....$ 400 million goes to the bank account of Sendai upon certification......
kc.....tiring to have to explain like I am explaining to a kid......

So Sendai has not been paid a single sen for the building of boat 1 after RM400 m spent? Is this related-party transaction at arms length?

What about the RM912m short term loan? How to get this settled?

Posted by qqq3 > Mar 26, 2018 10:40 PM | Report Abuse

So upon certification, some money will be released for the first boat? How much?

2nd boat on hold? So how?

Sendai's total borrowings is RM1.16 billion, of which RM917 million is short term loan, loan needs to be paid up within a year.

So balance sheet will be cleaned up from the payment for the first boat? Sure?

Posted by qqq3 > Mar 26, 2018 09:51 PM | Report Abuse
by moneykj > Mar 26, 2018 08:52 PM | Report Abuse
Up another 2.5 sen. Come again and comment tomorrow ya. No need the bad one, all already knew your intention, including your former boss.
====================
kc...read that? Good sign....you now is God of Fortune....come again.


Oh yes, I saw that. I also saw his comment a few months ago that his average price was RM1.08. But lets don't everyday talk about price movement here as none of us can predict share prices. Nobody learns nothing from doing so.


Oh yeah, have you got the answers to my questions? Let me repost them here.

1)how many boats have been built?

2) How many fully operational?

3) Got any payment already or not?

4) Any taker on rental of the boat already or not?

Posted by qqq3 > Mar 26, 2018 11:16 AM | Report Abuse
If lucky should see double
if unlucky, can sell above $1.......

Why not triple, ten folds?

I am sure you can do better than just plucking numbers from the sky, can't you?


"Tell us the answers to the questions above, and your expected share price of Sendai,for once, with some logic, and not just plucking figures from the sky, so that may be I also can make some money from it."

Posted by qqq3 > Mar 26, 2018 11:10 AM | Report Abuse
kc.....
https://themalaysianreserve.com/2018/03/23/eversendai-bidding-for-rm12...
this is good enough to buy Sendai

And also, I believe my questions are very relevant to make a decision whether to invest in Sendai or not.

Can the article you posted here answer the questions above, anyone of the question for that matter?

Posted by qqq3 > Mar 26, 2018 11:10 AM | Report Abuse
kc.....
https://themalaysianreserve.com/2018/03/23/eversendai-bidding-for-rm12...
this is good enough to buy Sendai

I see, I see, that has been your investment thesis for Sendai; articles appeared in periodicals.

But haven't you seen scores of articles appearng in The Edg, and other periodicals?

So, how many stocks do you own now?

Posted by qqq3 > Mar 26, 2018 11:07 AM | Report Abuse
not the right time


I thought you have been searching high and low for me all day long, and everyday?

So I am here now. Let us discuss. First please answer all my questions above. If you say "not the right time", why not?

Posted by qqq3 > Mar 26, 2018 10:57 AM | Report Abuse
kc
too bad, not the right time to answer you,


Interesting.

You have been spending countless hours, writing hundreds of comments everyday in i3, kept on mentioning my name, you can't even answer a few simple questions from me.

Posted by hollandking > Mar 26, 2018 10:43 AM | Report Abuse
kc,dont bother about them, i tell you why some ppl are provoking you, they are making fast bucks. I believe they provoke you so when u retaliate, it provoke reaction from some big guys, u can see the price went up one.

Thanks for your comments.

I am not retaliating, but merely share something, which may or may not be right.

You may be right in the latter, and good that others can milk some benefits out of my comments.

Posted by kcchongnz > Mar 26, 2018 10:35 AM | Report Abuse X
Posted by qqq3 > Mar 26, 2018 09:24 AM | Report Abuse
I wonder where is KC Chong....
and what price Sendai when Sendai receives payments for the boats.....

Sendai was about RM1.30+ 6 months ago when you shouted sailang. It is now 85 sen.

You are the expert in Sendai, not me, as you seem to be a major shareholder of Sendai from all the noises from you.

Tell us the answers to the questions above, and your expected share price of Sendai,for once, with some logic, and not just plucking figures from the sky, so that may be I also can make some money from it.

Posted by qqq3 > Mar 26, 2018 09:24 AM | Report Abuse
I wonder where is KC Chong....
and what price Sendai when Sendai receives payments for the boats.....


KC Chong is here. So what do you want?

So,

1)how many boats have been built?

2) How many fully operational?

3) Got any payment already or not?

4) Any taker on rental of the boat already or not?

John Lee,

Wise words. Thank you.

Posted by qqq3 > Mar 21, 2018 01:35 PM | Report Abuse
my approach.....come here...

https://klse.i3investor.com/servlets/forum/600151380.jsp

and tell your cult members not to keep deleting my posts.


What a rubbish link you sent me with someone talking nonsense to himself!

You don't even know why so many people deleting your comments?

Posted by qqq3 > Mar 20, 2018 04:20 PM | Report Abuse
kc

maximum money is make when you are willing to take some risks and things work out in your favor.......

Me: The problem is you don't even understand what the risks are, and simply shout sailang here and there, just hope that these unknowable risks work in your favour. What is the probability of success with your kind of mindset?

here, I refer to the $ 1 billion in the Balance Sheet under the heading Amounts due by customers..( the figure have not changed in 2017)..if there is no more amounts due by customers, its perhaps because they are no more customers.

Me: In most construction works, it will take about 30 days to the longest 90 days to get payment for work done. The receivables here means for each piece of work done, Sendai takes 360 days to get payment for all these years.

As an accountant as claimed yourself to be one, do you understand what the implication is?

Note the net margin is only in the low single digit this year when it makes money. We haven't even talk about how much it lost last year yet!

It is highly probable that a lot of the receivables are disputable.

Posted by qqq3 > Mar 21, 2018 01:16 PM | Report Abuse
kc.....every small cap stock.....those below $ 1 billion market cap....their P & L no stability. Today, Superlon, yesterday Poh Huat.
yet.....these are the stocks you and OTB specialize in and call your selves value investors based on PE and your maths .....you and OTB no shame?


Me no shame?

From my various discussions with you, and whatever you write in i3investor, I can easily conclude that you know noting about accounting. But you claimed that you are a retired accountant.

From what I read from your comments, and a few posts you write, I can see you know nothing about investing. But you are damn good in PLP.

Hey, so old already still PLP like that, no shame ah?

Posted by qqq3 > Mar 20, 2018 04:42 PM | Report Abuse
why is professor kc so kiasu that operating surplus must show up in cash? that balance sheet to balance sheet must see increasing cash ?


Tell us frankly. Were you really an accountant?

Posted by qqq3 > Mar 21, 2018 10:35 AM | Report Abuse
problem with kc approach to stock market....
not responsive to changes, no big picture, treats stock market as if it is a math problem.
...and bad timing.....every time, he come out with article talk bad about Sendai...Sendai jumps up.
each time KC comes out with bad article on Sendai, I make some money.


Sure, I was very sure you made big money when I wrote about it a few months ago when it was RM1.37, and then when it was about RM1.10, when each time you sailang. Good on you.

What is this article about? Is your comprehension so bad?

This article is about advising the youngsters and newbies on the perils of listening to the touting of the use of margin finance in the stock market, to buy whatever shares, be in HY, Sendai or whatever.

It has nothing to do with any sharing of just a few stocks out of hundreds of stocks by anybody made 5 to 6 years ago.

Read more and think more,and hopefully your comprehension can improve.




Posted by arv18 > Mar 21, 2018 05:57 AM | Report Abuse

you're right kc, should have posted my comment in here instead, for a more positive discussion...

basically, you could use any of your calls, Prolexus, Latitude Tree, ECS, Kfima or even BIMB-wa over the last 2-3 years and LOST money, either by buying such counter with cash OR using margin finance (including interest costs)...

imagine spending long nights doing all that Warren buffet analysis and STILL being stuck for 2 years+!

Thank you for your comments. That is basically the purpose of my article here; how to look at and evaluate the business performance of a company, and its risks, before we even look at its price. It can prevent you from losing your hard earned money following the touting of margin on some stocks.


Posted by tah16600 > Mar 20, 2018 10:51 AM | Report Abuse
I read a lot of articles written by KC Chong, all r very good articles, educate not only newbies but also oldbies correct method of investment.

Posted by williaml > Mar 20, 2018 12:08 PM | Report Abuse
For those who comment on share price, market sentiment, personal attack and etc. You are missing the point here.
Like KC point up, when company do not have cash, it becomes insolvent. As easy as that. Unless it can raise money, get loan and have capital injection from investors. It's just not sustainable.
Investing based on earning, PE ratio and "business sense" only are not enough (whoever tell you so is not painting the whole picture). And throw in margin finance, you have a recipe for disaster.

At least one person here understand what I wrote, the message I tried to convey. This makes me going.


Posted by 3iii > Mar 20, 2018 10:20 AM | Report Abuse

KC posted on the accounting of Sendai and highlighted many points in the financial statements. Thanks, they were most interesting and revealing.

I believe you stated the facts and the reasons fairly.

For those disagreeable with this article, please challenge KC on the points he raised, rather than insinuating (true or otherwise) on other issues related or unrelated.

Thks.

Posted by qqq3 > Mar 20, 2018 05:09 PM | Report Abuse
kc
the big difference between winners and losers is...winners know when to get worried and when to sailang.......
This is not the time to get worried over little details......


You call these little details?

1) Growing receivables. With the turnover and "I owe you", on average, each job Sendai does takes a full year, after completion, to collect the money. How to tahan the serious cash flows problem?

2) Owing banks RM1.15 billion now. With "profit" of RM86.5m last year, losing like hell the previous year, and huge negative free cash flows for the last 5 years, how to pay debts, or just interest of the debts?

3) Where to find enough working capitals and capex money when the private placement had been halted, and banks look at the precarious balance sheet and refuse to lend?

4) If there is a financial crisis and banks want to recall money, where to find money?

5) If oil price drops and the Arab countries can't pay, how?

No worries? I know you no worry because you just mong cha cha.

Posted by cheated > Mar 20, 2018 10:32 AM | Report Abuse
kc a cheat. He just praised Hengyuan very good at RM 9+ last week. What happen to HRC today?


I priased Hengyuan last week? How did I?

You must be cheated by your own stupidity. Blame it on yourself.

No. 1 I don’t like to carry out personal attack in investment sharing. For what? I have never used a foul word in my 315 articles I have written in i3investor. I have never call names in the 315 articles.

No. 2 Why do I have to “attack” someone when Sendai at 1.40, HYC at 18 and Jaks above 1.80?

However, I did share a number of my views on Jaks and Sendai, especially when I saw others touting the public to use margin to “sailang” Jaks and Sendai when their share prices were closed to their peaks in the link below.

1) Is Jaks a big fat frog jumping all around? kcchongnz
Author: kcchongnz | Publish date: Mon, 22 May 2017, 01:29 AM

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

2) Banging on Eversendai: Risk and Return kcchongnz
Author: kcchongnz | Publish date: Tue, 12 Sep 2017, 07:11 PM

https://klse.i3investor.com/blogs/kcchongnz/132084.jsp

3) Margin Finance, Ever-Sendai: A real time case study kcchongnz
Author: kcchongnz | Publish date: Wed, 27 Sep 2017, 07:49 PM
https://klse.i3investor.com/blogs/kcchongnz/133708.jsp

4) Ever-Sendai: An investment filled with business sense? kcchongnz
Author: kcchongnz | Publish date: Sun, 8 Oct 2017, 12:47 AM
https://klse.i3investor.com/blogs/kcchongnz/134621.jsp

I share my analysis for these companies because they are hot stocks being touted relentlessly in i3investor to use margin finance, to provide alternate views for you guys to consider. I am sure those who took my views would have avoided losing big in these two stocks.

Did I mention any personality, or condemn the stocks, or just share my detail analysis of their business and performance?

But what do I get in return? The relentless attacks, such as the below, and many others.


Posted by Koon Bee > Mar 20, 2018 07:20 AM | Report Abuse
KC, why dont write to attack uncle Kyy when sendai at 1.40, HYC at above 18 and Jaks above 1.80? Why you so chicken and only came out to shout when overall market drop ?

Posted by Koon Bee > Mar 20, 2018 07:21 AM | Report Abuse
If your intention is noble, you should came out to warn when stock at peak...why only came out when drop?

Posted by qqq3 > Mar 20, 2018 06:00 PM | Report Abuse
ironically neither OTB and KC..the PE High Priests and static high priests are not even accountants.


I am not an accountant for sure, but I think my accounting knowledge is 10 times better than you who claimed to be a retired accountant.

We have seen through that with all our postings and comments in i3investor, haven't we?

Thank you John Lee. At least now we have a genuine accountant enlightening us. I am not an accountant and I appreciate your input.

You are right in your comment. For me, I am more interested in the net cash flow from operations, i.e. after deduction of tax and payment of interest to the debt holders. That is what I get as a common shareholder. If a company earns RM50m, and have to pay interest of RM60m, for the ordinary business, the company does no justice to me as a shareholder.

If the accountant in the above case assigns that interest payment under "financing activities", he is hiding something from me as a shareholder, as most shareholders can't see it, thinking the company is doing fantastic in cash flows.

Interest and dividend received, as in bank deposits, or investments, I believe it is more justifiable to place under investing or financing activities.

So it may be a non-issue in financial reporting, but not a good presentation to shareholders, in my opinion.



Posted by John_Lee > Mar 20, 2018 05:38 PM | Report Abuse

Kcchongnz and qqq3,

I hope I can help with your interest expense debate:

Posted by qqq3 > Mar 20, 2018 05:09 PM | Report Abuse
kc
the big difference between winners and losers is...winners know when to get worried and when to sailang.......
This is not the time to get worried over little details......

Well, I don't know about you, but if I have sailang on Sendai with 50% margin 6 months ago at RM1.35 when it was touted by you all over i3investor to do so, my balls also shrink man!

Posted by qqq3 > Mar 20, 2018 05:04 PM | Report Abuse
kc...my calculator cannot calculate....what is the percentage of financing cost to sales is that?

No knowledgeable investor will look at interest as a percentage of sales. So you do that? Good on you. So if you do billions of business and earning a pittance, with earnings can't even cover interest, is good? Good on you.

Actually savvy investors look more on cash flows coverage so that there is enough cash to pay interest as a minimum. And as cash flows are lumpy, we use 3-5 years of cash flows to check against interest payment to see if the company's cash flow is even enough to pay interest.

My computer is out and I can't calculate that. Can you do that for me ah? What is the cash flows coverage for the last 3-5 years?