Uncle makan free lunch n enjoyed free helicopter ride..n then mayb he saw something n quietly sold all his shares while posting articles to ask all to buy....still enjoy some benefit of first hand info.....
Someone did know the boss, the good management, of a construction company very well that he could just pick up the phone to call him to ask for insider information. But after acquiring millions of the shares with all these insider information, the share price still tanked. (MUDAJAYA)
Someone who has a close relative working as the auditor for a listed company, visited the factories in China. The share price tanked terribly with all this insider information. (XINQUAN)
Someone knows the boss of a plantation company so well that he and his friends and relative were invited to tour its plantations all over the country by helicopter. Did that insider information do the trick? (JTIASA)
I beg to differ from kc's opinion...making money is very easy to certain people...example for koon koon,his investment skill could b like a kindergarden kid as compare to u...but he just follow otb 100% he made rm200 million....i doubt if any of the sifu or master here could make 10% of what he made in 2015
Personally i doubt if kc can even make 10% of what koon koon made in 2015,for the rest of kc's life...even kc is 1000% more knowledgeable in terms of FA...
Last round fighting between kcchong & uncle Kyy on the defination of financial "jargon" has create some fire...now this article come out, i got no eye see what will happen next
since you did an extract of my response, I take the liberty to post the full message here....just to make sure no misunderstanding
Blog: “Theory”, “Dunno” and “Book Worm” in Investing kcchongnz Dec 28, 2015 09:30 PM | Report Abuse
thanks for the postings, chong. I also commented as follows previously. <Blog: MyFirstPortfolio Which stock to sell and what to keep? kcchongnz Dec 27, 2015 07:10 PM | Report Abuse
At the end of the day, big money is made by buying small cap stocks with low PE and gets re rated because of increasing quarterly profits.
Ratios hardly help in this respect.....but insider information and deep understanding of the company and its environment will do the trick.
Even simple rations have too many factors behind it to use to predict the future.
Blog: MyFirstPortfolio Which stock to sell and what to keep? kcchongnz Dec 27, 2015 06:47 PM | Report Abuse
Thanks for the education. This web site is incomplete without you.
But I must say every ratio starts from the audited accounts....and you already know what they can do to audited accounts.
Other gurus put emphasis on other non quantifiable things such as.....business model, management, ....shareholder strengths, relationships, concept stocks. Etc etc....and this year earnings, latest q earnings. PE ratio.>
I also an accountant so I appreciate people like you who promotes financial ratios. It is not my intention to be anti Chong....the purpose of my comment is to say ratios is only part of the story....it is historical, it can be manipulated, and limited predictive power in relation to share price which we are all in it for.
I like to look at a share as consisting of 3 components...the business model, the management and the numbers. Ratios do assist in answering specific questions in relation to the 3 factors above....And only that. Ratios help to answer very specific and very limited questions. Ratios also help in selecting the best from a similar industry and similar operating environment by doing some comparisons within the same industry. Comparing Ebita yield eleminates the effects of borrowings and depreciation and focuses on the enterprise value of companies in the same industry. Earnings yield as defined by you as Ebita divided by market cap plus borrowings introduces share price into the equation which is good and gives additional information so, you see, I am not anti Chong. Ratio is a financial tool, it is just a tool. But the best buys are those companies with a good business model, good management and good figures. and you can buy it at a decent price....or in the words of KYY, profits increasing Q by Q and still below PE 10.
Soros, good pick...u follow icxx8888 sifu will never wrong...see his power on comintel, cenbond, dolmite and today he move a giant (Mudajaya)...salute him
Soros, do u know just now at 4pm++ when sifu said he "planning to gonin" BHS...immediately BHS share price shoot from 0.51 to 0.53...after 10 minutes he said the planning called off, the price immediately drop back to 0.51...our sifu really super keng
Koonbee9, don't waste time. Trust me. Enter before too late. Inside still got a lot of hidden gems. Which haven't move up yet. Icon has spend most of his time to do research on them. Choose and buy.
<Soros, do u know just now at 4pm++ when sifu said he "planning to gonin" BHS...immediately BHS share price shoot from 0.51 to 0.53...after 10 minutes he said the planning called off, the price immediately drop back to 0.51...our sifu really super keng>
I look forward to you reposting your articles on valuation of assets. By far, the most important skill anyone can acquire is the skill to value an asset, be it a house, a business, a share or even a husband / wife.
in i3, only very few are worth ur time, Kc Chong top the list, in biz, it's fcf that makes u rich, moats make u sustain over time, valuation help u with alpha
Just let go the old man, let bygones b bygones. Instead, it will be better if you could participate in the I3 stock contest 2016 and beat OTB down. Let the old man regret for the mistake he made to you!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
koonbee9
674 posts
Posted by koonbee9 > 2015-12-29 21:20 | Report Abuse
I give up your method la kcchong, i prefer icon8888 and uncle kyy method