Posted by stockmanmy > 2016-05-03 23:23 | Report Abuse

In the case of Ptg Tin, it's book Nta is $2 , it's being taken private at 20+ sen....

Where is the margin of safety if you had bought anywhere $2 and 20 sen?

Posted by shareinvestor88 > 2016-05-03 23:32 | Report Abuse

Ptg tin nta is 2.00 ?? Correct ?

Posted by Icon8888 > 2016-05-03 23:33 | Report Abuse

Thanks Calvin for the article

As u know, I am an earnings guy. But I acknowledge Net Assets or NTA method could be complementary

I am currently studying whether it is possible to blend them together , and if yes, what is the best way to do it

Posted by calvintaneng > 2016-05-03 23:35 | Report Abuse

Icon8888 Thanks Calvin for the article

As u know, I am an earnings guy. But I acknowledge Net Assets or NTA method could be complementary

I am currently studying whether it is possible to blend them together , and if yes, what isthe best way to do it
03/05/2016 23:32

YOU ARE WELCOME.
I AM LEARNING EVERYDAY FROM ICON8888, KCCHONGNZ, OTB, KYY, PUREBULL (ESPECIALLY PUREBULL's GOLDEN ADVISE) AND ALL OTHERS HERE.

I3 FORUM IS THE PLACE TO SHARE AND LEARN

MANY THANKS

Posted by Icon8888 > 2016-05-03 23:58 | Report Abuse

Calvin, Just to clarify, I give a LIKE for this article doesn't mean I agree with its content

I give it a LIKE because your article brings up a lot of points for me to chew on

Anyway, it doesn't matter whether we agree with each other or not. Different people has different style. What might not suit me might work for u, and vice versa

Posted by calvintaneng > 2016-05-04 00:01 | Report Abuse

OK, NO ONE CAN AGREE ON EVERYTHING. AT LEAST WE CAN AGREE ON WHAT WE DISAGREE.
GOD MADE MAN UPRIGHT. MEN HAVE SOUGHT OUT MANY INVENTIONS.

WE LIVE IN A WORLD OF VARIETIES.

WHAT A WONDERFUL WORLD

Posted by master_tan > 2016-05-04 00:07 | Report Abuse

Notion NTA is above RM1.20, but share price is only 38sen.

Posted by stockmanmy > 2016-05-04 00:15 | Report Abuse

Book NTA of Ptg Tin is $1.........

But , no margin of safety for anyone who bought between $1 and 25 sen....


And book NTA has not revalued for years......all of which is land value at cost.

Posted by calvintaneng > 2016-05-04 00:17 | Report Abuse

master_tan Notion NTA is above RM1.20, but share price is only 38sen.
04/05/2016 00:07

I DIDN'T CHECK UP ON NOTION'S NTA. SO CANNOT COMMENT YET.

HUBLINE ALSO GOT HIGH NTA. BUT THEY ARE ROTTEN RUSTY SHIPS. SO IT'S USELESS.

YOU MUST CHECK CAREFULLY WHAT THE NTA OF EACH COMPANY CONSISTS OF. IF REAL ESTATE IN PRIME LOCATIONS STILL AN OLD BOOK VALUE. THEN VERY GOOD LIKE MHC PLANT, KWANTAS, MP CORP, INSAS, MULTICO AND OTHERS. IF OLD OUTDATED MACHINERIES OR COMPUTERS THEN BETTER AVOID.

GOOD NIGHT

ZZZZZzzzz

Posted by calvintaneng > 2016-05-04 00:19 | Report Abuse

PTG TIN AND KBUNAI ARE HAVING GOOD ASSETS.

SO ALL MUST OPPOSE PRIVATISATION. THIS IS UNFAIR!

GOOD NIGHT

ZZZZzzzzz

Posted by GODinvest > 2016-05-04 00:28 | Report Abuse

Ya kelvin I now feel you are good , i see you comment many share also up and call run at right time also like maybulk

Posted by Koon Bee > 2016-05-04 00:32 |

Post removed.Why?

Posted by paperplane2016 > 2016-05-04 00:34 | Report Abuse

This kbunai is a gangster, forget it. Facbind alsohigh nta, but no one wanna buy! All fund mgrs avoid like hell

Posted by Icon8888 > 2016-05-04 00:35 | Report Abuse

Ya ya ya SGB is the best

Posted by paperplane2016 > 2016-05-04 00:36 | Report Abuse

Yes! Sgb the best! Better than bintai,, geshen!

Posted by Koon Bee > 2016-05-04 00:38 | Report Abuse

Hahahaha..sgb

Posted by GODinvest > 2016-05-04 00:39 | Report Abuse

Sgb good

Posted by Freshman73 > 2017-05-28 20:58 | Report Abuse

Thank you Calvintaneng for your post, this is very valuable information.
Master_Tan, Notion share price eventually realized its NTA value in 2017 (RM 1.24 which is almost equal to its NTA). Its justified the importance of NTA vs the stock price. But of course, others aspect such as management, PE and EPS should not neglect.

Posted by cheoky > 2017-05-28 21:08 | Report Abuse

Dear icon, can share the best blending of net net with earning stocks? Net net many times disappoint of course unless u buy very cheap, not just cheap.

Posted by 3iii > 2017-05-28 21:19 | Report Abuse

Benjamin Graham used check lists for his stock selection. Yes, he emphasized NTA as his surrogate for intrinsic value.

For the novice in investing, following this thinking is fine. However, over the years, as you become better in your investing, you will realise that intrinsic value is more than the asset value. Thus, you will see many great companies trading at prices at multiples of their NTA.

Warren Buffett bought Berkshire Hathaway using strict Benjamin Graham's method of paying a price that was lower than the asset value. He has admitted that this was one of his big mistakes in investing. Now he is "wiser". He is willing to pay a fair price for a wonderful company that to pay a wonderful price for a fair company.

Posted by calvintaneng > 2017-05-28 21:26 | Report Abuse

WALTER SCHLOSS – PROVEN SUCCESS – A TESTAMENT TO GRAHAM NET NET METHOD WORKS

For 40 long years Walter Schloss (The Most Faithful Disciple of Ben Graham in NET NET VALUE INVESTING) Bought Undervalue Shares. He bought it year in, year out; year after year. He doesn’t care about the business itself. He said that if he can buy a share with deep discount to NTA something good might come out of it. He doesn’t care whether it is monday or friday; he doesn’t care whether it is the beginning of the year or end of the year; he doesn’t care if it’s January,May or December.

Posted by Parkson8888 > 2017-05-28 21:27 | Report Abuse

The Store and Wing Tai(department store) both privatised because way below NTA. Could Parkson the next 1 since Parkson NTA RM 2.34?

Posted by cheoky > 2017-05-28 21:38 | Report Abuse

agreed with 3iii

Posted by calvintaneng > 2017-05-28 21:43 | Report Abuse

When I first came back to KLSE in year 2005 I armed myself with

THE INTELLIGENT INVESTOR by Ben Graham

I was happy to read that Warren Buffet himself wrote about

THE SUPERINVESTORS OF DODDSVILE & GRAHAMVILLE

It was an eye opener that day 12 years ago.

I was especially drawn to one guy called Walter Schloss.

So I bought

D&P at 40 sen with NTA over Rm1.00 (taken private soon as WingTai)
Triumphal at 60% discount (taken private)
Perak Corp at 60 sen with 80% discount of NTA over Rm3.00
Pohuat at 60% discount to NTA
Rubhd at Rm1.20 with 60% Discount of Rm3.00 NTA
Hingyap at 60% discount (Now asia brand)
Halim at 50% discount (taken private)
Pelangi Bhd (taken private)
Island & Peninsular (taken private)
Paramount Garden (taken private)
UM Land (taken private)
CMSB at Rm2.20 (this one turned into blue chip and split)
Tasek cement at Rm2.90. This one up 500% to Rm16.00

Muda at 32 sen with NTA over Rm1.00. Muda was "sampah". It involves with recycle waste paper. Up 700% and split

OKA at 35 sen with NTA over Rm1.20. OKA's assets were all FREEHOLD. This one is "longkang* drain pipes. OKA up over 800% & split

Ha! Sampah & Longkang businesses made 700% to 800%? Amazing?!!

And many others - too many to name.

No need rocket science.

Just follow Great Sifu Walter Schloss

Posted by calvintaneng > 2017-05-28 21:47 | Report Abuse

Posted by Parkson8888 > May 28, 2017 09:27 PM | Report Abuse

The Store and Wing Tai(department store) both privatised because way below NTA. Could Parkson the next 1 since Parkson NTA RM 2.34?

YES!

ALL PARKSON SHAREHOLERS SHOULD BE PROACTIVE IN ATTENDING AGM

GO AND PROTEST WITH YOUR LOUDEST OBJECTION TO WILLIAM CHENG

CLOSE ALL PARKSONS.

SELL ALL ASSETS

DISTRIBUTE CASH TO ALL SHAREHOLDERS!!

THEN ALL WILL BE VERY KAYA

IF HE INSISTS ON FIGHTING A LOSING BATTLE AGAINST ECOMMERCE PARKSON WILL GET FROM BAD TO WORST!

SO ESCAPE OR DIE!!

ALL MUST VOICE OUT!!!

Posted by John Lu > 2017-05-28 21:49 | Report Abuse

Rank 224? Haha haha

Posted by calvintaneng > 2017-05-28 21:52 | Report Abuse

John Lu Rank 224? Haha haha
28/05/2017 21:49

224?

= 2+2+4 = 8

8 sounds like fatt in cantonese or huat in hokkien

WAHAHAHA!!!

GOING TO BE VERY KAYA LEOW!!!!!

Posted by John Lu > 2017-05-28 21:53 | Report Abuse

LOL...this sochai calvintaneng face so thick

Posted by Patron > 2017-05-28 21:57 | Report Abuse

Whao amazing this faggot. This afternoon he talked Jesus now he talked fengshui number shit. Really Nvr underestimate Calvin's stupidity.

Posted by 3iii > 2017-05-28 21:58 | Report Abuse

>>> Posted by calvintaneng > May 28, 2017 09:43 PM | Report Abuse

When I first came back to KLSE in year 2005 I armed myself with

THE INTELLIGENT INVESTOR by Ben Graham

I was happy to read that Warren Buffet himself wrote about

THE SUPERINVESTORS OF DODDSVILE & GRAHAMVILLE

It was an eye opener that day 12 years ago.

I was especially drawn to one guy called Walter Schloss.

So I bought

D&P at 40 sen with NTA over Rm1.00 (taken private soon as WingTai)
Triumphal at 60% discount (taken private)
Perak Corp at 60 sen with 80% discount of NTA over Rm3.00
Pohuat at 60% discount to NTA
Rubhd at Rm1.20 with 60% Discount of Rm3.00 NTA
Hingyap at 60% discount (Now asia brand)
Halim at 50% discount (taken private)
Pelangi Bhd (taken private)
Island & Peninsular (taken private)
Paramount Garden (taken private)
UM Land (taken private)
CMSB at Rm2.20 (this one turned into blue chip and split)
Tasek cement at Rm2.90. This one up 500% to Rm16.00

Muda at 32 sen with NTA over Rm1.00. Muda was "sampah". It involves with recycle waste paper. Up 700% and split

OKA at 35 sen with NTA over Rm1.20. OKA's assets were all FREEHOLD. This one is "longkang* drain pipes. OKA up over 800% & split

Ha! Sampah & Longkang businesses made 700% to 800%? Amazing?!!

And many others - too many to name.

No need rocket science.

Just follow Great Sifu Walter Schloss<<<<



Hardly the truth.

At the rate Calvin is recommending stocks in this forum, he would have bought and sold hundreds of transactions. He probably would also have bought and sold the same stocks more than once.

Therefore, it is incredible for him to claim the above which only highlighted less than 20 stocks.

Laughable.

Posted by stockraider > 2017-05-28 22:47 | Report Abuse

ALWAYS UNDERSTAND THE CORE FOUNDATION OF VALUE INVESTMENT IS BIG MARGIN OF SAFETY LOH...!!
WHAT DRIVE MARGIN OF SAFETY ? WHEN STOCK VALUE FAR EXCEED STOCK PRICE LOH....!!
HOW STOCK CAN BE VALUE ? NTA, REPLACEMENT VALUE, PE RATIO, CASHFLOW, DCF AND NPV.....ETC LOH...!!

FOUNDATION FOR VALUE INVESTORS IS NTA WHEN IT FAR EXCEED THE SHARE PRICE LOH...!! WHY RAIDER SAY SO GENERALISE ? BCOS THIS IS MOST SIMPLE. A KEY EXAMPLE IS WING TAI RECENTLY...IF U BOUGHT IT BASED ON MARGIN OF SAFETY AT RM 0.90....RECENTLY..THERE IS A TAKEOVER AT RM 1.80 LOH....!!
THIS SHOWS GRAHAM MARGIN OF SAFETY BASED ON NTA WORKS WELL LOH...!!

GOING FWD...U MAY STUDY PE, CASHFLOW.. BESIDE NTA AND SUSTAINABLE OF BUSINESS AND ITS REPLACEMENT COST AND ITS COMPETITOR TO ESTABLISH THE PROSPECT AND QUALITY OF ITS MANAGEMENT LOH...!!

BUT ALWAYS DO NOT OVER PAY LOH...FOR EXAMPLE PET DAG PE 24X COMPARE WITH PETRON PE LESS THAN 9X AND HENGYUAN PE LESS THAN 6X LOH..!!

A VALUE INVESTOR NEED TO UNDERSTAND WHAT IS VALUE LOH...!!