Posted by Aunjoe89 > Jul 17, 2019 9:23 PM | Report Abuse
Dear KC,
I can't seems to tally your figure in table 2 2015 & 2016 PPE & Proceeds from PPE against LB annual report. did you make an adjustment ?

The problem with the accounts of London Biscuits are often doggy. Their audited accounts were often different from what they first reported in the un-audited account. They even changed the financial year in 2016, given account for 15 months and hence would have been adjusted and blinded investors from seeing the true accounts etc. Hence some of my figures could have been from the un-audited account or previous original accounts.

Anyway, in investing, it is better to be approximately correct, rather than precisely wrong. It is an art as well as a science.

experttanengyee now kcchong looking like a fool.cannot see opportunity make quick money.
11/07/2019 5:25 PM

Congratulation. You are a genius winning this game of Russian roulette. Please continue.

But seriously this article of mine is not suitable for you. Don't waste your time reading my article which merely teaching people how to avoid pitfalls in investing, not a thread to boast about making some big money playing Russian roulette.

It is best you partner with the character above to start a thread to talk about your wonderful adventure.

Anthony,

It certainly is, but in another way.

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > Jul 10, 2019 4:43 PM | Report Abuse
HAHAHAHHA Aiyo KC ahhh why you got so much time to entertain this troll lah???? Aren't you in NZ? Why don't go out for road trips?
No need to talk with this 3q lah he can make millions in a day one


You are right young man. Even you at such an age can see that. I am stupid wasting my time entertaining this troll.

Thanks for the advice.

Posted by qqq3 > Jul 10, 2019 4:36 PM | Report Abuse
I not looking to sell services................

What service you can sell? Name one. Backside?

Posted by qqq3 > Jul 10, 2019 4:34 PM | Report Abuse
this london traded $ 30,000 worth, 180,000 shares, not even 10%, but $ 16k profits T +1.......good enough for me.....
comes just in time as my Ekovest not doing well.........sold some ekovest too.


Well, whether you make money or not punting London Biscuits; whether what you are trumpeting is true or not, you add zero value to this thread.

Who the f cares?

Posted by qqq3 > Jul 10, 2019 4:29 PM | Report Abuse
and I remain bearish for wall street...........I think Malaysia not bearish not bullish.............

And tell me, who the f care about what you think?

Posted by qqq3 > Jul 10, 2019 4:28 PM | Report Abuse
my trading adventure? From $ 50k to $ 350 k, last few years.....good enough for me.....and best of all, I am actually very bearish last couple of weeks................

It is just from your mouth, the mouth of an "accountant" who was sacked 20 years ago for misbehavior. Cam be trusted ah?

You know being barred from professional practice is a very serious offense.

If you are so good in trading, how come at the age of 60, only had 50k to punt?

RM350k now? or is it -350k?

And show us your statement how much you have made.

Making 55% with a sum of RM1000 is just RM550. Then lose back all, and more, in the next few days.

Tell us how you can reach your dream of RM200m in 10 years time.

Posted by qqq3 > Jul 10, 2019 4:21 PM | Report Abuse
kc..........u just don't have what it takes........

Please answer below to show how good your trading adventure has been,

So how was your recent switch from Sendai sold at 40 sen and bought your Ekovest at 85 sen?

And what about your traing adventure for the last 3 years as recorded below here? All sold at peak prices when they all tanked now?

Stock price then 10-Jul-2019 Gain/loss Gain/loss %
Jaks 1.80 0.835 -0.97 -54%
Sendai 1.40 0.460 -0.94 -67%
Bornoil 0.10 0.04 -0.06 -60%
CBIP 2.25 0.98 -1.27 -56%
Ecoworld 1.29 0.805 -0.485 -38%
Taan 4.79 2.29 -2.5 -52%
Jtiasa 1.35 0.485 -0.865 -64%
Genting w 1.07 0 -1.07 -100%

Posted by qqq3 > Jul 10, 2019 3:48 PM | Report Abuse
up 37% T +1..............where to find?

Wow, blowing trumpet now just because bought a stock at 16 sen and now make so much money?

Can show us your trading statement to see how much you have made in a day so that we can celebrate your closer to your RM200m dream.

So good in trading skill ah? Modern time Jesse Livermore?

So how was your recent switch from Sendai sold at 40 sen and bought your Ekovest at 85 sen?

And what about your traing adventure for the last 3 years as recorded below here? All sold at peak prices when they all tanked now?

Stock price then 10-Jul-2019 Gain/loss Gain/loss %
Jaks 1.80 0.835 -0.97 -54%
Sendai 1.40 0.460 -0.94 -67%
Bornoil 0.10 0.04 -0.06 -60%
CBIP 2.25 0.98 -1.27 -56%
Ecoworld 1.29 0.805 -0.485 -38%
Taan 4.79 2.29 -2.5 -52%
Jtiasa 1.35 0.485 -0.865 -64%
Genting w 1.07 0 -1.07 -100%

Posted by qqq3 > Jul 10, 2019 11:56 AM | Report Abuse
$ 320 million receivables, $ 200 million BA..........$ 9 million default is peanuts........

To be exact, short-term loan now is RM261m. I don't know what kind of accountant you have been as accountant needs not to be exact, no accountant would round up a figure of RM261m to RM200m.

Again the company failed to pay up RM9.83m, not only RM9m. If you wish to round up, it has to be RM10m, not RM9m, if you know about accounting, or simply arithmetic.

RM9.83 million debt is peanut, I do agree. But just imagine a peanut of RM9.83 million also could not pay, and got to the extend of PN17, I wonder what had happened to this company, which still has RM261m loan to be paid within a year, and another RM94m long-term debt to be fulfilled.

This is the 12th time I would like to ask you. Are you really an accountant?

Posted by qqq3 > Jul 10, 2019 7:54 AM | Report Abuse
told u before, I am MACPA member since mid 1980s........not working > 20 years already , so it doesn't mean a thing to me.....


Ok, ok, ok. You are a MACPA member since 1980s. Can answer my questions which I re-post below here?

Tell me, where does that $400m shareholder fund made off?

Collect $200m of the receivables then the sky is bright already?

How much loans has to be paid, especially the short term loan which is due within this year?

How much other liabilities have to be paid?

Posted by Ooi Teik Bee > Jul 4, 2019 1:32 PM | Report Abuse
qqq3 is the faked accountant. He was sacked 20 years ago for misconduct. Hence he cannot find any job for last 20 years.


It finally dawned to me!

Posted by qqq3 > Jul 10, 2019 7:14 AM | Report Abuse
PPE...that is sunk cost....not relevant, got $ 400m shareholders fund to cushion........................
As for receivables of $ 320 million...if they can collect $ 200 million of it..................this share will eventually be worth $ 1.


This is probably the eleventh time I ask you this question,

Were you really an accountant? What did you do actually? Do you really know how to read a balance sheet or not?

Tell me, where does that $400m shareholder fund made off?

Collect $200m of the receivables then the sky is bright already?

How much loans has to be paid, especially the short term loan which is due within this year?

How much other liabilities have to be paid?

OMG, never met such a stupid accountant in my life!

Posted by qqq3 > Jul 9, 2019 4:07 PM | Report Abuse
kc.....this London biscuit accounts say it has $ 320 million debtors/ receivables..............
if these are good debts, the company is not over yet.........if these are bad debts, then no hope....
it depends.....

Let this engineer teaches this accountant and auditor some accounting red flag. Table below tabulates the revenue and receivables over the last seven years. Tell me what do you see?

Year 2018 2017 2016 2015 2014 2013 2012 CAGR
revenue 308703 426021 436508 402539 359995 289979 253520 3.3%
Receivables 286387 251729 168030 188517 109194 91514 73885 25.3%

Posted by qqq3 > Jul 9, 2019 3:54 PM | Report Abuse
kc...when u look at Jaks 82 and sendai, 47.....we should know whenever kc boast about his analysis, its time to buy ..............


Well, when a character with the multiple nicks of Desa6769, Stockmanny, Brightsmart, Loneranger, etc. and finally qqq3 came out three years ago, he continued to shout sailang and margin to tout newbies and other forumers to buy Jaks and Sendai at RM1.70+ and RM1.40+, while I wrote a number of articles with detail analysis to caution the risks of following these touting.

By now if anyone still can't figure out who does better analysis, he must be a moron or something.

Posted by qqq3 > Jul 9, 2019 3:30 PM | Report Abuse
where u are an accountant cum auditor......u know know to read accounts properly, not like you............

REALLY? LET US COMPARE WITH WHAT YOU READ HERE,

Posted by qqq3 > Jul 9, 2019 11:21 AM | Report Abuse
business fails. Not all failures due to fraud. One explanation.......They bot the wrong machines and things go down hill.

AND WHAT A REAL ACCOUNTANT INTERPRETES,

Posted by sense maker > Jul 8, 2019 9:26 PM | Report Abuse
Ambik duit keluar mainly through purchase of equipment. It has been very obvious for decades.

Posted by (US/CHN trade war doesn't matter) Philip > Jul 9, 2019 7:12 AM | Report Abuse
Good one pjseow, I realized that with Sendai as well, where it's big order came from it's own CEO to build up the jack ship. Huge receivables from middle East but unable to collect causing huge liquidity problems.

This has the same characteristics as the subject of this article, albeit at a much bigger scale. If nothing improves in the very near future, it will go down to PN17 much faster than London Biscuits.

The writing is all on the wall.

Posted by tah16600 > Jul 9, 2019 11:43 AM | Report Abuse
Better jump ship to Benalec lol!

If you wish to invest, avoid this lemon too.

Unless if you want to gamble, that is another story. Well, many people made money gambling too. But as a percentage, it is tiny.

Posted by qqq3 > Jul 9, 2019 11:21 AM | Report Abuse
business fails. Not all failures due to fraud. One explanation.......They bot the wrong machines and things go down hill.


This is probably the tenth times I ask you this question below, and with the cash flows and capex as tabulated in table 2 in this article,

Are you really an accountant as you have claimed to be, some more an auditor?

Posted by king36 > Jul 8, 2019 9:50 PM | Report Abuse
Dear KC,
Good Article.
Did u give a wrong quarterly in Table 3. It is similar to Cash Flow in Table 2.
I like to see the correct one as I am still learning.
Thank you.

Thanks for the comments. The mistake has been corrected in the post.
Look at the table. a perfect "Golden Rule" stock.

From London to Holland

https://klse.i3investor.com/blogs/kcchongnz/214166.jsp

每年可贡献逾1亿令吉营运盈利（EBITDA）

A good estimate of what the Power Plant in Vietnam is worth for Jaks is the free cash flows for equity shareholders, FCFE, it can get from this development.

EBITDA is a good estimate for the cash flows from operations (CFFO) at the firm level which includes what is due to the equity shareholder, as well as the debt holder which is substantial. Yo still need to deduct finance cost to get the CFFO at the equity level, and then at least deduct maintenance capex to get FCFE.

FCFE, at in per share basis, from this power project is the only thing relevant to this project for Jaks, in my opinion.

"5 After much repeated questioning by several shareholders on financial returns of the Haiduong project, CFO ( after short conversation w CEO) indicated a net return of rm80 to rm100 million annually at full commercial run."

With this piece of information at face value, one can work out what Jaks is worth for the equity shareholder. But certainly it is not like RM3.00 per share, far far from it, even if you consider Jaks will not have any more boo-boo in its local activities, as well as any new endeavor like it used to be, and that it doesn't have any debt like the high debt it is in now.

David Lim's articles are always factual and come with detail analysis and certainly beneficial here. They are without doubt much better than many articles which often appear as "Top articles" in this i3investor forum, which are mostly, if not all, without any substance and purely for "goreng" purposes.

Readers here should appreciate good sharing from writer such as David Lim. But of course each has to do his own finding and analysis.

Posted by qqq3 > Jun 16, 2019 2:56 PM | Report Abuse
kc...I think u are a sick man. I told u I make a lot of money on Jaks and Sendai. That is the truth.
Is that a crime? a sin? immoral?


It is definitely highly and extremely immoral by touting newbies and public to sailang and margin some rubbish stocks as explained here,

But knowing Jaks and Sendai are not quality stocks and yet touting the newbies and public to sailang and margin those stocks at their peak prices and at the end lost their pants, just imagine, what kind of evil you are!

Worse still, ""making a lot of money"" out of telling the newbies and public to sailang and margin them at their highs, furthermore kept on proclaiming that he made a lot of money by doing so, I just have no adjective to describe the evil spirit in you! God bless you!

Posted by qqq3 > Jun 15, 2019 11:10 PM | Report Abuse
I still Otb is a very irresponsible guy. OTB don't feel responsible for stuffs he write one


I haven't read any recommendations or articles from OTB in i3investor for a long time of few years already. He may have written and circulate to his subscribers with willing buyers and willing sellers basis, but that has nothing to do with the public.

On the other hand, I have read many comments and articles by the commentator above, telling newbies and public to sailang and margin Jaks and Sendai at their peak prices of above RM1.50 and RM1.30 respectively for the whole two years in 2017 and 2018, and even now. Look what are the prices of Jaks and Sendai now? 70 sen and 43 sen.

Tell me, who is the irresponsible culprit?

Posted by qqq3 > Jun 16, 2019 1:19 PM | Report Abuse
kc... what is your problem? I cannot make money trading Jaks and Sendai?

Okay, I accept that you are not able to comprehend English well. I will repeat here.

""Actually no one give a damn whether yo make money or not in any stock or how much you have made. Why would he? ""

But knowing Jaks and Sendai are not quality stocks and yet touting the newbies and public to sailang and margin those stocks at their peak prices and at the end lost their pants, just imagine, what kind of evil you are!

Worse still, ""making a lot of money"" out of telling the newbies and public to sailang and margin them at their highs, furthermore kept on proclaiming that he made a lot of money by doing so, I just have no adjective to describe the evil spirit in you! God bless you!

Posted by qqq3 > Jun 15, 2019 11:32 PM | Report Abuse
Jaks and Sendai are not high quality companies but I made a lot of money from Jaks and Sendai because I am a trader.... just a small time trader. I don't write for a living

You made a lot of money touting the newbies and the masses to sailang and margin Jaks and Sendai? Did you?

Actually no one give a damn whether yo make money or not in any stock or how much you have made. Why would he?

But knowing Jaks and Sendai are not quality stocks and yet touting the newbies and public to sailang and margin those stocks at their peak prices and at the end lost their pants, just imagine, what kind of evil you are!

Worse still, ""making a lot of money"" out of telling the newbies and public to sailang and margin them at their highs, furthermore kept on proclaiming that he made a lot of money by doing so, I just have no adjective to describe the evil spirit in you! God bless you!

Posted by qqq3 > Jun 14, 2019 5:37 PM | Report Abuse
Posted by kcchongnz > Jun 14, 2019 5:26 PM | Report Abuse
So why did you entice the newbies masses in margin and sailang in Sendai in the last two years when it was trading at RM1.40?
=====
that is what u say, I didn't say that....

I did write a few articles, if u want to be rich like KY, u got to be like KYY, not afraid to sailang and margin when the opportunity presents itself.


In the two years in 2017 and 2018 when both Jaks and Sendai were heavily promoted by someone when they were trading above RM1.50 and RM1.20 respectively, you have been asking the masses and newbies to sailang and margin on Jaks and Sendai, using your apa ini Panic moment, penis point, dynamite investing, etc. Go and read back what you have written. There were all over i3investor. You talked about nothing else except sailang and margin on Jaks and Sendai for the whole of two years. Are these your so-called quality stocks, something you just know it by experience?

[Posted by qqq3 > Jun 14, 2019 4:28 PM | Report Abuse
quality of a company is some thing u know it once u see it., its called experience.]

Yes, there were also many PLP comments, so much so that someone was drunk with too much kool-aid that he lost more than two hundred million, all realized on the two stocks, and you claimed that you made a killing on the two stocks. And yet, on the surface, he was happy to be associated with you.

You only know talking nonsense in the forums, and nothing about investment. There is no evidence at all in what you write that you know anything at all in investing.

Yet you are thick skin proud to make personal attacks on contributors of i3investor.

Yes, you are truly a pro! A pro in another form. Tabit.

Posted by qqq3 > Jun 14, 2019 5:17 PM | Report Abuse
Tan Sri got 70% of the company. He is not going to defraud the company....Sendai is not a paper company like the red chips, Sendai do have substantial businesses.


Why hasn't he pay the amount due to the public listed company after the works have been done for years? You got F and felt so shiok pula?

Posted by qqq3 > Jun 14, 2019 5:17 PM | Report Abuse
Sendai is not a high quality company, but 40 sen may well be the low for the next 10 years.


Sendai is not a high quality company?

So why did you entice the newbies masses in margin and sailang in Sendai in the last two years when it was trading at RM1.40?


Posted by qqq3 > Jun 14, 2019 4:19 PM | Report Abuse
that is why I say quality of the company is the most reliable indicator suitable for the masses.

Posted by qqq3 > Jun 14, 2019 4:58 PM | Report Abuse
wait until they can compete in the international arena like Yinson, then we say it has progressed.


So tell us snakeoil salesman, what will be the prices of Yinson, QL or Vitrox in a week's time, a month, a year and 3 years.


Posted by qqq3 > Jun 14, 2019 9:34 AM | Report Abuse
what a stupid statement....all the research, all the thinking is trying to figure out the price....one week, or one month, 1 year, 10 years from today...depending on the investor horizon.

Posted by qqq3 > Jun 14, 2019 4:15 PM | Report Abuse
my son? My son reports got target price one....don't play play.....but most of the time , the tp and market price almost the same......its also called CYA.

So snakeoil salesman, how did your son come out with the "tp"? Let say, give us the target price of Sendai, your favorite pokai stock in one week's time, one month, 1 year and 3 years. Tell us how you come out with those tps.

Posted by qqq3 > Jun 14, 2019 4:15 PM | Report Abuse
price or value? price is the only falsifiable statement. Only falsifiable statements is of use to any body, especially to the author, because it is only in comparison with falsifiable statements are one know whether he is correct or not, and whether he has made a mistake, omitted some thing, wrongly added some thing.
Hide behind value for what? it is some thing in your head, it is not falsifiable. It is an excuse for you to be wrong 10 strait years also don't care.
my son? My son reports got target price one....don't play play.....but most of the time , the tp and market price almost the same......its also called CYA.

So answer the following question,

kcchongnz > Jun 14, 2019 12:44 PM | Report Abuse
So what does your research, or any research say about the price of Dayang one week, one month, 1 year, 10 years from today, Stupid Fool?

Posted by Fabien "The Efficient Capital Allocater" > Jun 14, 2019 2:27 PM | Report Abuse
Quoted from Seth Klarman...never blindly to be contrarian, betting whatever is out of favor to be restored. often, investments are disfavored for good reason..
investors must consider the possibility that recovery may not occur. it is also important to gauge the psychology of other investors. how far along is the curren trend? how much further it may go? what are the driving forces?
being extremely early is tantamount to being wrong. conclusion, contrarian need to understand the psychology of other investors.

A good contrarian statement above.

Understand the psychology of other investors is important. But more important, one must have the knowledge and very confident in his contrarian approach.

The most important is he must be right. This is where a calculator is necessary.

Posted by qqq3 > Jun 14, 2019 9:34 AM | Report Abuse
Posted by kcchongnz > Jun 13, 2019 5:52 PM | Report Abuse
what a stupid statement....all the research, all the thinking is trying to figure out the price....one week, or one month, 1 year, 10 years from today...depending on the investor horizon.


So what does your research, or any research say about the price of Dayang one week, one month, 1 year, 10 years from today, Stupid Fool?

Is that what your son learn in pursuing his CFA and doing research in the investment bank, using voodoo?

Posted by John Lu > Jun 13, 2019 9:21 PM | Report Abuse
This KC only know how to talk and write and keep writing but come to real action, he earn peanut or lose until left underwear.. I dont understand why this KC need to condemn uncle Koon to earn more tuisten fees.. Haha haha

John Lu, Let me teach you some good lessons about life.

A person with good virtue in life is not measured by how much money he makes in the stock market, what car he drives, what house and where he lives, and how many millions he has in his bank accounts, or investment accounts, but how he behaves and carries himself, honesty, credibility, and his contributions to the society, financial or non-financial.

A person who "earn peanut or lose until left underwear" or has to "earn more tuisten fees." shouldn't be condemned too as he does no wrong to the society, but instead he contribute positively to the society by teaching them the right ways of investing so that they won't lose their pants to the manipulators of the stock market. You will alble to see it if you open up your mind.

Like I have said, you can idolize anyone you like, it is your prerogative, but another good lesson for you, you need to learn some good behavior, habits and the right belief in life, in order to be successful financially and spiritually, the later is more important. But as your age now, I don't think you are young anymore, it may be tough to change. One way is to seek some spiritual guidance. You need it.

My advice to you is free, no "tuisten" fee.

Posted by qqq3 > Jun 13, 2019 6:13 PM | Report Abuse
I know that value investors have under performed all other investors long long time already..........

Just tell us,

1) What is value investing?
2) What kind of stocks value investors invest in?
3) Which value investor under-performed, those from US, China, Malaysia, or exactly where?
4) Where are your evidence that they under-performed?
5) How did value investors under-perform?
6) How did other investors over-performed?

Posted by qqq3 > Jun 13, 2019 3:52 PM | Report Abuse
People who bought from me at 42 is better than me.........and if KC had sailang and margin Sendai at 42 as I suggested, I shall not disturb him any more.

What a stupid statement above! And from a 60+ years old "accountant"?

The stock market is filled with people who know the price of everything but the value of nothing.

Posted by qqq3 > Oct 8, 2018 09:43 PM | Report Abuse
Sendai is very good to me...I am sitting on 15% profits, not selling yet until I come back from holidays.

On October 8 2018 when the above post was made, Sendai was trading at about 80 sen apiece. At 15% profit, it means the cost was about 70 sen a piece.

Do the statements above tally with the statement made on Oct 8 2018 below?

Posted by qqq3 > Jun 11, 2019 10:02 AM | Report Abuse
sendai I sold at 42 cost 50, no big deal.
expected the balance sheet to have been better

Posted by PureBULL . > Jun 13, 2019 6:24 AM | Report Abuse
Dayang's story ended:-
The ending of Dayang n Carimin showed they were pure PnD stocks.
Like many, they r rebounding from the BIG bear NOW.
Might want to consider taking profit or take out all at:
Dayang >= 109
Carimin >= 77.5
PnD stocks always stay in Primary level space only.
They don't have the ability or capacity to upgrade into Secondary level.
They all failed at Std 6 !
THIS IS WHO TO BLAME:-
Like in hengyuan, dayang fell due to creation of 1 time OVERSIZE Q profit by U know who:

I still remember vividly very recently how you praised the entry of super investor into Dayang, and the numerous articles you wrote about how undervalued is Dayang, even at RM1.50, RM1.70.You even criticize people who had different opinion as you.

What happened? Why such a fast turnaround?

Posted by John Lu > Jun 12, 2019 9:10 PM | Report Abuse
Kc, dont push your luck too far, always condemn uncle Kyy on his pick for your own benefit.. U such a low life charactor
U know, i know and everyone here know his intention.. Low life

I have written 365 articles in i3investor so far. Which article, or which part of any article make any reference to the personality of anyone? Which article, or part of any article "condemn" the character of anyone?

Respect is high up in our Chinese culture, everyone should be respected,not only rich people, or old people. Hence we should not condemn anybody, whether he is rich, young or old, handsome or ugly.

But high respect is earned, not given, in my opinion.

If you wish to idolize anyone you wish to, go ahead, but don't look at others with a tinted pair of glasses.

If you view the content of this article with ill intention, it is your problem, not mine, or others.

Posted by FoolsGold > Jun 12, 2019 10:11 PM | Report Abuse
Recall the writer mentioned in previous article on Dayang, that he own shares in Dayang, correct me if wrong.
If true, isnt it appropiate to highlight a standard disclosure note ?


Dear Admin of i3investor,

Do you have "a standard disclosure note" that a normal contributor of educational article must be made before publishing an article in i3investor?

Please clarify as I have already contributed a total of 365 articles in i3investor, but have not made any disclosure.

Posted by cheoky > Jun 13, 2019 2:04 AM | Report Abuse
Questioning kc value investing is also a contrarian method. Just like questioning otb sure win method. Make no money but prevent money being lost. That is a start of one own investment journey. More in depth one.

That is right. Have an inquisitive mind. Never follow blindly anybody.

Posted by qqq3 > Jun 12, 2019 9:56 PM | Report Abuse
On the surface, the balance sheet of Sendai appears weak, but on closer examination, we all know it is due to the tug boats ordered by an affiliated company with $ 500 million outstanding in the balance sheet. The problem can be identified. And when the problem is resolved?


A "tug boat" generally cost a few hundred thousands USD. Many are worth just tens of thousands, and very few cost more than USD1 million. How come Sendai is owed RM500m for two "tug" boats? You don't even know what your company is doing?

I own a public listed company with 70% shares in the company. I get the company to build two houses for me for rental purposes. One house has been complected more than a year ago and I am collecting rental for more than a year. The other, after years of construction, it is still going on. But I don't pay the public company what the company has done for my two houses.

You don't see any problem? Nothing at all?

That is why you have lost your underwear punting on Sendai from RM1.40 to 60 sen.

Still in denial? How to become a 200 millionaire?

Can! Go to live in Indonesia.

Posted by qqq3 > Jun 6, 2019 6:21 PM | Report Abuse
its some kind of boat that took up $ 500 million in the balance sheet...........


The construction of the lift boats for the private company of the major shareholder of Sendai started some time in 2014, of which the first one completed last year and appears to have rented out and earning revenue for the private company. But they don't pay Sendai for over RM500m now and its balance sheet is so precarious that the company can go bankrupt any time now.

You have no concern at all having mst of your money in this company?

You still ask people to sailang here sailang there, margin here margin there?

What is your motive?

Posted by qqq3 > Jun 6, 2019 5:05 PM | Report Abuse
kc
sendai...............40 sen to $ 1.40 between Sept 2016 and June 2017 also want to complain.....now back to 40 sen also want to complain......go buy Sendai lah.......I think its a good one at this price...sailang and margin if you want........


But did you ask people to buy when it was 40 sen and then went up to RM1.40, or the other way round?

Ask me to sailang and margin Sendai now? Good advice. But please answer the question below first so that I can make an informed decision.

""By the way, can tell us why after so many years, the debts on your ""tug boat"" still not paid? Isn't that a big headed devil there? But with this big-headed devil, why did you pestered others to sailag here and sailang there, margin here and margin there?""

Posted by qqq3 > Jun 6, 2019 4:02 PM | Report Abuse
kc.....the problem with Sendai is collection for the two tug boats.....if they had collected for the two tug boats, the situation is totally different.....

Are you sure Sendai build ""tug boat""? You asked people to sailang her sailang there, margin here margin there, but you don't even know what Sendai does? OMG!

But the nonpayment was precisely the balance sheet was bloated resulting its low Z Score. That is also how Z-Score can catch that there and useful in the assessment of its bankruptcy risk. Yes, you don't even have to know what Sendai does to know the big problem there.

By the way, can tell us why after so many years, the debts on your ""tug boat"" still not paid? Isn't that a big headed devil there? But with this big-headed devil, why did you pestered others to sailag here and sailang there, margin here and margin there?