Posted by CFTrader > 2016-04-29 22:38 | Report Abuse

I'm attracted to this post because of WELLCAL.

But I'm disappointed...

Btw, why you assume with a price of Nov 14 ...

Posted by sosfinance > 2016-04-29 23:10 | Report Abuse

It should be dated 10 Nov 2014 instead of 4 Nov 2014. Prices between 5 to 9 Nov 2014 is not available in i3 charts. It is for illustration only (not much differences (I hope), My fund manager did not ask for a sell in Wellcal. perhaps, there is further upside.

Posted by calvintaneng > 2016-05-01 13:45 | Report Abuse

Whoa!

Protasco a sell?

Hopefully everybody will start dumping and selling potatoes (protasco)

Hmmm?

Calvin the contrarian is looking forward to get some cheap potatoes.

Posted by BCDEFG > 2016-05-01 13:50 | Report Abuse

any reason for calling to dump protasco ?

Posted by calvintaneng > 2016-05-01 14:00 | Report Abuse

Credit must be given to iCapbiz picks, as stated, I selected from their TOP 10 holdings. The reason I sold all Protasco shares was not so much of their fundamental, it is more of the oil and gas SCANDAL. Integrity issue. Funnily, Protasco can still provide a 9% yield for 17 months.


BCDEFG any reason for calling to dump protasco ?
01/05/2016 13:50


I think O&G scandal in Indonesia and directors' integrity were the reasons.
But Protasco(potatoes) is such a company that even a fool could run it and yet be profitable.

I bought Protasco long ago at 70 cents & taken profit too early.

Hope it crash below Rm1.00 for me to buy back some?

Posted by BCDEFG > 2016-05-01 14:33 | Report Abuse

You definitely right 1 all bcos of the O&G scandal, I sold Protasco at below RM1, otherwise< I would have held it until for long term investment which was my original intention.With the sale, I have forgone profit of more than RM100K !!! No thanks to that fellow who introduced the O&G venture.

Posted by BCDEFG > 2016-05-01 14:35 | Report Abuse

I don't expect this share to fall very much neither do I expect it fly simply bcos someone out there still have quite a bit to sell !

Posted by sosfinance > 2016-05-01 18:01 | Report Abuse

Initially I was bullish with Protasco, especially the 100 acres of freehold in Kajang (near the MRT station). The oil and gas deal and the directors fiasco is too much for me and also fed up of eloquent silence from SC. I did calculate the one off loss of the deal, about RM80m, about RM0.20 per share. I dislike to invest in company where integrity of the directors is questioned. (like Benalec). I started purchasing Protasco when it was around 90 sen (due to high dividend yield). In fact, I added more when I found out they are developing the Kajang land plus the oil and gas craze, knowingly, maximum damage is limited. I can understand, if you made a mistake, you lose the 10% deposit, but I don't like it when the entire RM80m was gone and our SC police did even said a word. It is a blessing for me, the replacement proof to be good.

Posted by sosfinance > 2016-05-01 18:51 | Report Abuse

SC did not even say a single word