Posted by qqq3 > Apr 19, 2019 8:28 AM | Report Abuse
Kc Chong...............I must apologise to you....I just been reminded that probability is the one who spread rumor about my son in PBB....so it is not you, after all.............just an honest mistake.


What a big surprise to get an apology from you. It is a small matter anywhere.

I am also a culprit for all the spats with you. I think I will stop this time wasting thingy with you. After all, we are just different, totally different in thinking, philosophy in investing and many things in life.

However, I will still be writing about Sendai, because it is one of the classic examples to be used in learning and watching out the perils of investing. I have no intention nor any benefit on it, but just sharing investment knowledge, and hopefully people will learn something from it. A great service for the knowledge and experience I have, frankly.

Lets just agree to disagree.

Posted by qqq3 > Apr 18, 2019 5:47 PM | Report Abuse
Your achievement for 2 years is u did not lose money on jaks and Sendai.....
my achievement in the same 2 years is I made quite a fair amount in Jaks and Sendai in last 2 years.....and I believe 2019 will be a good year for Jaks and Sendai.

You see we are totally different in personality.

You are very proud of conning the newbies and kept on asking them to sailang and margin Jaks and Sendai at RM1.80+ and RM1.40+ respectively using different nicks such as quack quack quack, Desa6769, Brightsmart. Loneranger etc. to disguise your true identity so that you can continue to con. You even conned your master and kept on asking him to buy Jaks and Sendai, from RM1.00 to RM1.40, RM1.80, and at the back you profit from them by selling to them. And you keep on boasting your this so-called "achievement".

I on the other hand, wrote articles to tell newbies and your master to be aware of the pitfalls in investing in Jaks and Sendai. I am sure I have saved many newbies from losing big in Jaks and Sendai.

Unfortunately your master couldn't differentiate a good man and a cunning man, and as a result. being conned and lost nine digit figures. But others benefited from my analysis.

So okay lah. We agree that both of us are proud of our own achievement.

Posted by qqq3 > Apr 18, 2019 11:01 AM | Report Abuse
market bad KC come and write about Sendai debts.............its a joke if u ask me..........plenty more risky shares if market continue to be bad.

I have written a few articles to articulate the risks in investing in Sendai when the quack quack quack, aka Stockmanny, Desa6769, Brightsmart, Longranger etc. was asking people in i3investor to sailang and margin Sendai when it was RM1.40, RM1.00, 80 sen, 60 sen.

In the process, many newbies escaped being coned by him.

Wasn't that a great service to the public?

Actually I have been using Sendai as a text book example to show how to look at a business, and avoid losing big in the stock market. It is a classic example, and also how to judge a character such as quack quack quack.

I was, and continue to be right about it.

The construction industries is a dog-eat-dog world, a very tough industry. A contractor has to undergo competitive bidding. Very often, a contractor got the job because his bid is the lowest. Hence the margin is thin in single digit, unless it is a negotiated contract, or the job is very specialized and the company has a niche in it, which margin is higher.

Hence construction control has to be very tight, and the management has to pay close attention to it, otherwise a low expected profit margin can easily turns into losses when problems are encountered and cost overrun.

The problem is amplified if the company stretches beyond what it can cope, such as having a lot of jobs, but not enough personals to take care of them. This can results big problems in many projects and management has to fight fires everywhere, and eventually big losses result.

I was in the industry long enough and have seen many construction companies, including some very good ones, some pioneers in the industry, suffered and disappeared, because of expanding too much too fast to other fields, especially into the overseas markets, where the competitions are even keener.

The construction company I worked with was one example. If we have stayed as a specialist contractor in our initial niche market and with less revenue but more profit, I believe we are still the market leader.

But that is history.

What Sendai encounters now precarious, unless it bucks up; get profitable job, and manage it well, not only technically, but financially. Manage your working capital well.

Settle any disputes and collect your debts. But I don't know it can be done as the major debtor is also the major shareholder of Sendai.

Otherwise, it is hard to keep the door open with such financial dire straits.

Posted by Jason Gilbert Ho > Apr 17, 2019 2:57 PM | Report Abuse
Hi Mr KC Chongz, may I pick you brain, I have been an investor in GKENT since dec 2018, and would like to have you opinion on cash flow generation analysis and more importantly the dividend sustainability of GKENT. I realized that mr Philip and I both have the same idea in investing in GKENT for the high dividend (I am currently enjoying 8% as I bought mine at the lows of 0.89 in december).
Do you think GKENT will continue to be able to pay a dividend next year? Or will it turn sour you think?
Cheers, and thanks for any criticism and information that comes my way.

If you wish to know what you should look for investing for dividends, this link here may be useful to you.

https://klse.i3investor.com/blogs/kcchongnz/201241.jsp

As regarding George Kent, Philip is the best person to ask as he invests in it and normally he goes into very detail when he invests in a company.

I don't follow George Kent so my opinion here may not worth much.

I never like companies which depend on Government handout. GK have done well in the past because they got very lucrative projects from the Government. They practical did not have to do much work but just to play golf and collect money. I believe all the hard work was done by its partner Gamuda. Without Gamuda, and the disappearance of PDP and negotiated lucrative contracts, I doubt GK can do well. Only if the company can continue to do well, then dividend will be sustainable.

Posted by kmohan62 > Apr 17, 2019 9:57 AM | Report Abuse
There's already an article today in i3investor..casting doubt on the financial of this company...is it an attempt to suppress the price to buy cheap later on?...knowing well...Sendai is in a better position than many other construction firms in terms of securing contracts,outstanding order book ,profitability and etc..beware of such shady characters...who come with all kind of convoluted numbers...to scare away the novice investors..or worst still...frighten the current shareholders to sell their shares....so that some unscrupulous party may able to take position...after which they will sing a different tune..i have seen this happening many a time...so please beware.


I think that is a very useful article for you. The article comes with facts and figures. Open you mind, you will definitely learn something. This article is not about Sendai, but what you should look for when you wish to invest safely and have better chance of satisfactory return. It is a jungle out there.

Most people write about buy this buy that, and few, if any, teach you the necessary knowledge and skill. Best it comes free.

Posted by arv18 > Apr 17, 2019 2:13 PM | Report Abuse
Perhaps you should could have done Sapura or Armada, instead of flogging this dead horse. You seem to be hung up on this counter. And this isn't new information, is it KC?
And no, I am not a Sendai shareholder.

Posted by qqq3 > Apr 17, 2019 2:15 PM | Report Abuse
spend 2 years on Jaks and Sendai.......for what? kc?


It is so happened that I have been following this company for the last two years when I sensed the bad motives of some, including the quack quack quack, aka Desa6769,, Stockmanny, Brightsmart etc. in shouting margin and sailang in this stock at RM1.40, for the last two years.

I am proud of what I have shared about what I saw in this business, warning newbies and those uninformed and without knowledge about fundamentals of investing about the perils of investing in this company. In the process, I probably have saved many of them from losing big in this stock.

Isn't that a great service to the public?

I still use this company to share my knowledge about fundamental investing because it is a perfect example what one should pay attention to when investing. Hard to find another such a good example.

Again, I believe what I am sharing is utmost important for most people here. But whether they learn something, or get it or not, is not my responsibility.

I hope you learn something. This I am proud to say.

Posted by kmohan62 > Apr 17, 2019 8:28 AM | Report Abuse
This guy seemed to be assuming that the company will never get paid by the creditors...the company is constantly getting contracts...and the payment will come slowly but surely...its an engineering firm of world class standard...i wonder this guy's motive...

What is this guy's motive? So that I can buy cheap from you from panic selling?

Good one.

Looking at your comments, you must have some shares in Sendai.

But seriously, this is a good alternative view for you in Sendai. Best of all, it comes free. No one else has done this for you in i3investor, and also elsewhere, I think.

Posted by qqq3 > Apr 17, 2019 11:14 AM | Report Abuse
Posted by Icon8888 > Apr 17, 2019 11:12 AM | Report Abuse
Stupid analyst
Heard it is qqq3 son
======
I know...KC spread the rumor one.


Where and when did I spread this rumour that it is your son who wrote the report?

Knowing very well the capability of the father, i highly doubt your son has the capability to write such a good report too, not in the next 10 or 20 years.

Just speculating.

Posted by qqq3 > Apr 14, 2019 7:43 PM | Report Abuse
very easy....as far as KYY is concerned, whatever shares he has is the best in the world, whatever shares he has sold are the worse in the world.......that is just kyy being kyy....and his secret of success.

So you everyday whatsapp him but you never talk about the management of a company you keeps on promoting, and probably sailang and margin for?

So what is your whatsapp to him about? The same PLP thingy?

So the answer will be negative, without even have to ask him?

So even him is not truthful in his opinion on Jaks?

Posted by qqq3 > Apr 14, 2019 6:18 PM | Report Abuse
I am water. I am cockroach. I can survive even a nuclear armaggedon.

Cockroach is dirty, smelly. It comes from the sewerage. It pollute your food and cause you diarrhea if you eat the food touched by it.

What do you do if you see a cockroach in your house.

Wonder why someone is so proud of others calling him a cockroach.

Posted by qqq3 > Apr 14, 2019 7:09 PM | Report Abuse
"people want to invest, they want to be successful.......they need to have big dreams, and grit....and of course, knowledge and mind set."
I try to be ambitious and daring even, at times. I learn a lot in my times whatsapp with KYY.

But what kind of knowledge do you have, if any?

Ambitious and daring? Being a small time trader? What has your master said about those short-term traders? Can get rich ah?

ok ok, you have been whatsapping your master. What have you learnt a lot? Being just a small time trader?

Quickly whatsapp him what he thinks about Andy and tell us asap please!

Posted by qqq3 > Apr 14, 2019 6:44 PM | Report Abuse
==========
u are talking nonsense. I am but a small time trader. KYY is a big trader. One of the biggest in Malaysia.

Oh, you are just a small time trader, not a big time investor ah?

But the way you carry out character assignation on the bigger trader/investor like OTB, critisizing kcchong, raiders, SSlee, etc as if you are a big big time trader like Jessie Livermore or something.

Oh just a small time trader. With how much capital? RM100k at the age of 60+? How to accumulate RM200m in your life time being just a small time trader?

Margin big time lah, sailang big time lah. Why just a tiny small time trader and quack quack quack all the time?

Posted by qqq3 > Apr 14, 2019 6:26 PM | Report Abuse
I did not con KYY and anyone
All I did was I did not buy any Jaks on the way down from $ 1.80 to 50 sen.....just call it good market sense......

Nobody cares if you buy or sell jaks. For what?

But most of those in i3investor know you enticed your master (and newbies) continued to sailanng and margin Jaks up to RM1.80+, spending RM300m on a single counter. And you boost about making a killing. Where does ""killing"" comes from, if not from your master, who lost more than RM100m?

Posted by qqq3 > Apr 14, 2019 6:18 PM | Report Abuse
I am water. I am cockroach. I can survive even a nuclear armaggedon.


Of course, that is why the statement below suits you perfectly,

"A person who conned his master and newbies to sailang Jaks and Sendai at RM1.80+ and RM1.40+ while he boosted to have made a killing, and continued to do so by changing his nicks so that he can hide his identity, definitely cannot be a saint. He must be the worst crook in the world.""

Posted by qqq3 > Apr 14, 2019 6:12 PM | Report Abuse
u call him a crook, all out emotions and nothing to support your claim


Where did I call Andy a crook?

Or is it you?

Posted by qqq3 > Apr 14, 2019 6:12 PM | Report Abuse
I am asking u about Andy.....

I know,but I am talking about you.

""A person who conned his master and newbies to sailang Jaks and Sendai at RM1.80+ and RM1.40+ while he boosted to have made a killing, and continued to do so by changing his nicks so that he can hide his identity, definitely cannot be a saint. He must be the worst crook in the world.""

If you want to know about Andy, the best person you should ask is your previous master, the one who fed you but you bit his hands. I am sure he can provide you with a good answer.

Haven't you guys been exchanging whatsapp?

Posted by qqq3 > Apr 14, 2019 5:57 PM | Report Abuse
by kcchongnz > Apr 14, 2019 5:53 PM | Report Abuse
Crooks turn into saints only in movies and stories
==========
what has Andy done? broken any laws? lying?

I don't need to know if somebody has broken any law. It is easy to identify a crook.

A person who conned his master and newbies to sailang Jaks and Sendai at RM1.80+ and RM1.40+ while he boosted to have made a killing, and continued to do so by changing his nicks so that he can hide his identity, definitely cannot be a saint. He must be the worst crook in the world.

Posted by DK66 > Apr 13, 2019 10:57 PM | Report Abuse
Thank you for your opinion. I suppose you mean it is a "buy" figure wise, but "no" if there is management issues.


""it’s delusional to hope that a dishonest CEO will have a change of heart. Crooks turn into saints only in movies and stories. It’s not impossible but very uncommon because people don’t change. Turnarounds seldom turn – Buffett may have said this for businesses, but it’s equally applicable to people’s character.""

Posted by qqq3 > Apr 14, 2019 2:26 PM | Report Abuse

in the algorithm between between quality and your margin of safety and assets and low quality earnings...........raider...u belong to the dinosaur era never to see light again.

What the F*** is that? ""Algorithm between quality and margin of safety""?

This is pure garbage-eating cockroach.

Posted by qqq3 > Apr 14, 2019 2:24 PM | Report Abuse

kcchongnz Posted by qqq3 > Apr 14, 2019 12:13 PM | Report Abuse

You wrote nonsense, nothing useful for investment, but just quack quack quack for nothing.
=============

but u don't have what it takes to appreciate my works. Anyway, Insas people will not appreciate my work.


Appreciate your work? What work?
You made my toes laugh.

By the way, why do you link Insas with me non-stop? Did I promote it like what you have been doing for the last two years, causing your master to lose more than RM100m, and newbies their underwear?

Posted by qqq3 > Apr 14, 2019 2:56 PM | Report Abuse
yesterday cash cow quickly become tomorrow sick cow.

In less than a year, Sendai and Jaks become terminal ill cockroach, while the cash cows magni giving more and more milk.

Posted by qqq3 > Apr 14, 2019 12:13 PM | Report Abuse

kc, anyway I am dead serious when I write...........
I do not feel comfortable if people trust me too much or praise me too much like in this article.
https://klse.i3investor.com/blogs/qqq3/201987.jsp
I cannot bear the burden of responsibility for others....
I am happiest and most comfortable if people sees me for what I truly am............just a small time trader in Bursa.

Wow, people made a couple of comments and you construed them as praising you.

You know what, this is another opinion here.

You wrote nonsense, nothing useful for investment, but just quack quack quack for nothing.

Posted by qqq3 > Apr 14, 2019 12:13 PM | Report Abuse
KC
Actually I am the least likely person to hard sell any stock., or for that matter, hard self myself.

You didn't hard sell Jaks and Sendai? What have you been doing the last two years shouting relentlessly everyday sailang and margin jaks and Sendai at RM1.80+ and RM1.40+ respectively? It is all over i3investor.

You hard so much and made so many newbies lost their underwear, and your master lost more than R100m!

And at the back you claimed you had make killings on Jaks and Sendai.

Posted by RainT > Apr 14, 2019 12:09 PM | Report Abuse
Magni grow story is not exciting and share price up and down ....also link with Nike sales
Carllsberg is at high price now plus with government tax is high
Both is not good company

You have to differentiate what a good company is, and what is a good investment. They aren't the same.

Carlsberg is used as an example on how to look for cash cow, or a good company. I never talked about its price.

5 years ago I shared my first piece on Magni in i3investor here,

https://klse.i3investor.com/blogs/kcchongnz/51356.jsp

The adjusted share price of Magni was less than RM1.00.

Whether it is a good company, it was the same issue; single main customer, traditional no moat business, none of its own brand etc.

Since then, its revenue has doubled, or for a CAGR of about 15%, and operating and net income more than 2.5 times,or a CAGR of about 20%. Its share price went up to a peak of RM7.50 three and a half years later, for a gain of 650%.

Again it has no debt and abundant cash in its balance sheet, stable and increasing earnings and cash flows. no wonder it has been paying very good dividend all these years.

Yes, single main customer is risky. But on the other side, if I am Nike and I am growing my business in such a speed, I will prefer a proven reliable and capable sub-contractor and supplier, especially his price is not much different from other new fellows. Nike's advantage comes from its brand, and not so much from the input cost.

Now whether it is a good investment,

At 4.52, magni is trading at a PE of just 7.3, enterprise value just 4 times operating profit, and a cash yield of 12%.

Posted by qqq3 > Apr 14, 2019 12:54 AM | Report Abuse
what about knowledge provided by KC Chong?
Is it good knowledge or just one man's opinion?
Is it knowledge or opinions disguised as knowledge?

In the last two years, quack quack quack aka Desa6769, Stockmanny, Brightsmart, Loneranger, etc. conning newbies and his master to continuously shouting to them sailang and margin Jaks and Sendai at RM1.80+ and RM1.40+ respectively. In the process, he made tons of money, and those newbies who lost their underwear when Jaks and Sendai dropped below 50 sen in just months are just stupid. So he said. Even his master who lost more than RM100m is stupid as quack quack quack was able to bite the hands which fed him, so he said.

kcchongnz wrote many articles to warn newbies about this conman who changed his id numerous time so as to continue conning newbies. You can find some of the threads here,

https://klse.i3investor.com/blogs/kcchongnz/123266.jsp
https://klse.i3investor.com/blogs/kcchongnz/167283.jsp
https://klse.i3investor.com/blogs/kcchongnz/168850.jsp
https://klse.i3investor.com/blogs/kcchongnz/176384.jsp

https://klse.i3investor.com/blogs/kcchongnz/186378.jsp
https://klse.i3investor.com/blogs/kcchongnz/151263.jsp
https://klse.i3investor.com/blogs/kcchongnz/134621.jsp
https://klse.i3investor.com/blogs/kcchongnz/133708.jsp
https://klse.i3investor.com/blogs/kcchongnz/132084.jsp

Those newbies who listened to me saved their underwear. If someone knew how to judge the credibility of others, and just gave a thought of what my opinions were, and he would have saved more than RM100m,from getting conned.

So what do you think the knowledge, or ""one-man's opinion"" I have been providing for?

Posted by fl888 > Apr 14, 2019 5:27 AM | Report Abuse
On assumption that DPS gets MSIG Fire Insurance Claim of RM22 million and HSBC RM17 million Fire Insurance Claim, can DPS be classified as a Cash Cow Company ?.and be a subject of a takeover or privatization target...

You need to understand what a cash cow is which this article is trying hard to explain to you.

You are not the only one who doesn't understand it. I would say a big majority don't understand it also.

That is why I try to entice people to learn the fundamentals of investing, the language of business.

Posted by DK66 > Apr 13, 2019 11:25 PM | Report Abuse
IRR is all about FCF, without which you can't derive IRR

You must be talking about IRR if you invest in Jaks now at 85 sen. You are right then. I thought you were talking about IRR of the project.

However, IRR is not very good metric in this case, especially if IRR is very high as it is assumed that cash flows are reinvested in that high return.

Present value of the future cash flows, and compared with its price, is more relevant, in my opinion.

Posted by DK66 > Apr 13, 2019 10:57 PM | Report Abuse
Thank you for your opinion. I suppose you mean it is a "buy" figure wise, but "no" if there is management issues.

You are welcomed. Yes, provided the figure of RM150 is correct.

Posted by stockmanmy > Apr 13, 2019 11:22 PM | Report Abuse
no...I post because I have some thing to say....and I never liked all these so called value investors hang pig head sell dog meat .
so good just use your own money and buy and sell, why need to advertise your services?

I don't need you to like me. As a matter of fact, I see people like you, I go far far away.

I advertise my service because I want to teach newbies investing knowledge so that they don't get conned by people like quack quack quack, aka Stockmanny, Brightsmart, Loneranger Desa6769 etc.

This is a good service to the public you know.

Posted by Icon8888 > Apr 13, 2019 11:18 PM | Report Abuse
For me, investing is about making decisions with imperfect information

I don't think anyone able to get perfect information, not even the management.

But you do have some figures now as estimated by you, haven't you?

So now is to put that into an estimation. Estimation I said, not a perfect and absolute figure.

Posted by DK66 > Apr 13, 2019 11:18 PM | Report Abuse
That is why I said IRR and or payback periods are the only right way to evaluate the viability of the power project. Because these methods are based on real cash flows.

I do not agree at this stage. IRR, NPV, payback period are all irrelevant now. What matters for investors is what is the FCF in the future, and with the shares outstanding, what is FCF per share, and compared to the share price. Then make a decision.

Posted by stockmanmy > Apr 13, 2019 11:11 PM | Report Abuse
I was at Icap capital seminar this morning....
kc...your fellow value investor....and true to form, spends half the time quote here quote there, talking about Warren Bufett and Charlie Munger and about Apple and Amazon.
Is that what all value investors do for a living?
kc?
just trying to con newbies?

The records all over i3investor is that quack quack quack aka Desa6769, Brightsmart, Loneranger who have been conning newbies in sailang and margin Jaks and Sendai at RM1.80+ and RM1.40+ respectively.

He changed his nicks so many times to hide his true identity so as ti continue to con newbies.

In a power plant project like this, if one is really talking about investing, the theoretical and logical thing to look for is what is the present value of these free cash flows over the life of the project, discounted to the present, and compared with the price now.

That is the theory postulated by John Burr Williams many years ago and the investing professionals still use them.

That is also how the viability of a project like this is being appraised too.

But of course to make money, theory may not apply and one needs not follow it. That is the beauty of the capital market.

Posted by DK66 > Apr 13, 2019 10:38 PM | Report Abuse
Kcchongnz, if RM150m is net cash flow to Jaks, in your opinion, is that attractive to buy Jaks at current price of RM0.85?

Yes and no.

Yes if the RM150m increases according to inflation and the shareholders get the share of it proportionally. For the major shareholder is not a simple guy who has shown that he has been taken care of the minority shareholders. The diluted cash flow per share is about 20 sen, provided the major shareholders don't give themselves free shares any more.

No is discussed in above too. If the management is not credible, whatever the company earns minority shareholders seldom enjoy it.

My point is, if you are very positive about the stock in Jaks, go ahead and buy it but don't ever put everything there.

This is just my personal opinion.

Posted by stockmanmy > Apr 13, 2019 9:54 PM | Report Abuse
you can open any thing u like kc...........
I find u are an idiot.

Let us open up a thread and discuss about finance and investing. Then we can see who is an idiot.

Deal?

Posted by stockmanmy > Apr 13, 2019 10:11 PM | Report Abuse
ed by kcchongnz > Apr 13, 2019 9:58 PM | Report Abuse
Posted by stockmanmy > Apr 13, 2019 9:53 PM | Report Abuse
the profits will refer to the accounting profits for Jaks....that is sufficiently clear from the report.
So my question is, what benefit that ""accounting profit"" shareholders get? Can Jaks receive that amount of ""accounting profit"" in cash in full and distribute some to shareholders? If not, what use is that?
==========
well....its equity accounting....its MFRS. Its what accountants do.

I know it is equity accounting, and its what accountants do. Accountants does all sorts of things. But as investors, we should be concern about what I asked about above. Don't you agree?

You still haven't answer my question yet.

Posted by stockmanmy > Apr 13, 2019 10:08 PM | Report Abuse
incidentally, just posted this 1 hour ago
Posted by qqq3 > Apr 13, 2019 9:01 PM | Report Abuse
well, I am a CPA( M).....but I have not been working for > 20 years ...........some in i3 call me a fake accountant.


Oh, I thought you told everyone here that you have just retired a couple of years ago, and with only RM100 to invest?

By reading your comments, I can conclude that you are really a fake accountant; guilty as charged!

Posted by stockmanmy > Apr 13, 2019 10:02 PM | Report Abuse

but really.....u cannot blame me for being surprised with your ignorance....
sslee...well, I have no expectation of him, so it doesn't surprise me....but u also simply tarok here tarok there with your imaginations.....that is surprising.

Tarok here tarok there with imagination? What imagination?

My question is, what benefit that ""accounting profit"" shareholders get? Can Jaks receive that amount of ""accounting profit"" in cash in full and distribute some to shareholders? If not, what use is that?

Posted by stockmanmy > Apr 13, 2019 10:02 PM | Report Abuse
some of the posts gets eaten up, so I change the user ID.
but really.....u cannot blame me for being surprised with your ignorance....
sslee...well, I have no expectation of him, so it doesn't surprise me....but u also simply tarok here tarok there with your imaginations.....that is surprising.

You changed your ID because you kept on conning newbies all the time. So you need to do that in order to hide your past cheating.

Posted by stockmanmy > Apr 13, 2019 9:53 PM | Report Abuse
the profits will refer to the accounting profits for Jaks....that is sufficiently clear from the report.

So my question is, what benefit that ""accounting profit"" shareholders get? Can Jaks receive that amount of ""accounting profit"" in cash in full and distribute some to shareholders? If not, what use is that?

Posted by stockmanmy > Apr 13, 2019 9:50 PM | Report Abuse
kc
make money or loss money is share price...and share price is about people buying and selling.


See, you only know about share price, how it react by buying and selling.

What the fuck you know about accounting and investment? Fake accountant.

Posted by stockmanmy > Apr 13, 2019 9:48 PM | Report Abuse
kc....u have no access to the working papers, and u start imagining stuffs......what is the basis for all your imaginations?

Imagination? What imagination? I am asking DK66 if that is the cash Jaks will receive. Can you answer me like what DK66 can do?

I don't understand equity accounting? What basis is your assumption?

I as an engineer is far ahead of you, a fake accountant in accounting in investing.

Don't agree? Tell you what. Lets open a thread for both us to deliberate accounting issues in investing. Game on that?

Posted by stockmanmy > Apr 13, 2019 9:39 PM | Report Abuse
kc
any reader of the report have the right to assume they are talking about the profits from their investment in the IPP.

Quack quack quack aka stockmanny, Desa6967, Brightsmart, Loneranger, etc etc.

Tell me what is that ""profit"" mean?

Is that what Jaks will receive? If not, what is that, and wht relevance is that for an investor?

Posted by stockmanmy > Apr 13, 2019 9:38 PM | Report Abuse
habis la kc
I am a nobody and I don't need any subscription/ lecture fees

quack quack quack, aka stockmanny,Brightsmart, Desa6967, Lonranger, you know something.

Those learned from me paid a very small fee and avoided the stocks you touted to sailang and margin; Jaks and Sendai at RM1.80 and RM1.40 respectively.

On the other hand, your ""free"" touting of Jaks and Sendai for the last two years caused many lost their pants and underwear.

So who has been a saint and who a villain?

Posted by qqq3 > Apr 13, 2019 9:14 PM | Report Abuse
kc...I thought SSlee cannot understand Equity accounting.....
U also cannot understand equity accounting?
habis la, all your students.

I am not an accountant, but I am far ahead of you the fake accountant in understanding what the issue is about.

We can refer back to my thread here and see what stupid comments you have made all over and who "habis" lah here.

https://klse.i3investor.com/blogs/kcchongnz/176384.jsp

You have no match with me. Can't even smell my fart, fake accountant.

For a development like that, what is important is what is the cash flows over the years the JV receives. Profit has not much relevance. So I presume that RM150m is Jaks share of cash it will receives every year for 25 years.

But the JV took a loan of USD1.4 billion. The JV will have to pay interest and loan repayment over the life of the project. Interest payment should have been deducted from the profit, or operating cash flows. But the JV still have to pay the loan repayment of USD1.4 billion, which will be about RM224m a year.

Has that been taken into consideration?

Posted by Icon8888 > Apr 12, 2019 5:17 PM | Report Abuse
RM150 mil IPP profit less interest expenses of RM32 mil *** = RM118 mil
divided by 580 mil shares, EPS of 20 sen
I think TP is RM1.50 to RM2.00
I am happy

Icon,
Has the number of shares above considered the conversion of warrants and all the free shares ALP and others were given recently?

Posted by DK66 > Apr 13, 2019 6:10 PM | Report Abuse
For now, management is telling us that it is going to make RM150m from its vietnam IPP.
So work on the figure.

DK, I presume this is the cash Jaks will be receiving when the power plant is in operation. And that is the share of the RM500 "profit" the joint venture will receive. That "profit"is sort of like the cash flows, or cash dividend Jaks will receive.

Is that correct?

Posted by yklip > Apr 6, 2019 2:31 PM | Report Abuse
What?! You call this value investing?!


Good comment!

So lets hear what is value investing to you. Please.