Posted by probability > 2019-04-20 16:05 | Report Abuse

guess the management who can consistently find reinvestment opportunities at higher return than cost of equity...'much better than what the market perceives' judged by the current market cap over equity...is the true winner

in a crude manner (with a fixed debt to equity ratio)...

ROE x EQ = COE x MCAP

MCAP/EQ = ROE/COE

the left side follows the right side of the equation

............................

one way to evaluate management is seeing its historical financial statements...

thanks for the free eBook KC

Posted by sell > 2019-04-20 16:34 | Report Abuse

Jaks is good?

Posted by kcchongnz > 2019-04-20 17:00 | Report Abuse

Posted by sell > Apr 20, 2019 4:34 PM | Report Abuse
Jaks is good?

Of course!

Posted by sell > 2019-04-20 17:04 | Report Abuse

U-turn so fast?

Posted by sell > 2019-04-20 17:06 | Report Abuse

In what way-why Star sue Jaks?

Posted by andychay6124 > 2019-04-20 17:49 | Report Abuse

Jaks going to do private placement

Posted by qqq3 > 2019-04-20 19:40 | Report Abuse

next report card, Sendai collects $ 250 million from trade receivables......then u how? U eat your words?

Posted by probability > 2019-04-20 19:52 | Report Abuse

The equity has grown by just RM45m from RM910m to RM970m, or just a CAGR of 1.2%


Its total short and long-term interest-bearing debts has increased by 132% from RM537m in 2014 to RM1248m in 2018, in just 4 years. Yes, RM1.25 billion, a huge number. The increased in the short-term debt of about 300% is particularly a red flag to watch.

mind boggling

the banks are always the winners

Posted by qqq3 > 2019-04-20 20:03 | Report Abuse

probability > Apr 20, 2019 7:52 PM | Report Abuse

red flag
mind boggling

============

I know....people like u will stop there , mind boggling.....

but what caused it and no solutions meh?


lesser companies went burst already from the collapse in oil market 2014 - 2016......This company wrote off $ 100 million investments in OG and some controversies with 2 tug boats ...Oil market is recovering Middle East is recovering, the tug boat issues are being solved.....so how?

Posted by qqq3 > 2019-04-20 20:06 | Report Abuse

never heard of crisis = opportunities........?

or only red flags = sure die?

Posted by probability > 2019-04-20 20:06 | Report Abuse

sendai could be a good buy at this price sifu qqq3...it can be explosive if business turns around well

Posted by qqq3 > 2019-04-20 20:31 | Report Abuse

why are there successful people?

As it applies to KYY, only one explanation....

https://klse.i3investor.com/blogs/BursaSnipers/203178.jsp




Make Positivity A Habit

Posted by kcchongnz > 2019-04-20 21:19 | Report Abuse

Posted by qqq3 > Apr 20, 2019 7:40 PM | Report Abuse
next report card, Sendai collects $ 250 million from trade receivables......then u how? U eat your words?

Exactly a year ago, Sendai tested the first lift boat done for its major shareholder, a related party transaction.

Just wonder, has that been paid to Sendai, for a job completed a year ago?

Posted by hpcp > 2019-04-21 08:36 | Report Abuse

If you are a shareholder of Eversendai, you should question the Chairman of Audit Committee what has he done about the outstanding payment. The liftboat was handed over to client about a year ago and remaining payment has yet to be received ? The audit committee just closes one eye? Eversendai is bearing the hefty interest cost due to late settlement by the client, which happens to be Eversendai's founder, Tan Sri AK Nathan

Posted by tah16600 > 2019-04-21 09:54 | Report Abuse

Sendai = perlahan2 mati loh!

Posted by tah16600 > 2019-04-21 09:58 | Report Abuse

Better sell n buy Benalec .Sell 1 lot can buy 2 lots ,got balance some for nice dinner loh!

Posted by kcchongnz > 2019-04-21 10:04 | Report Abuse

Posted by tah16600 > Apr 21, 2019 9:58 AM | Report Abuse

Better sell n buy Benalec .Sell 1 lot can buy 2 lots ,got balance some for nice dinner loh!


If you follow my course closely and carry out some analysis, you may find Benalec is far from being a good company.

Only thing it is cheap now. But many things are cheap for good reasons.

Posted by tah16600 > 2019-04-21 10:25 | Report Abuse

Sifu Kcchongnz , I kena trapped In IPO, buy to average loh !

Posted by kcchongnz > 2019-04-21 10:41 | Report Abuse

My comment for Benalec and Jaks is the same,

In doing business, you can't get a good deal from the management which is not credible and honest.

Posted by tah16600 > 2019-04-21 10:53 | Report Abuse

I still remember Sifu said in your one of the articles saying , when shares dropped to very2 low, a not so good comp can be a good buy loh if I am not mistaken.

Posted by kcchongnz > 2019-04-21 11:03 | Report Abuse

Posted by tah16600 > Apr 21, 2019 10:53 AM | Report Abuse
I still remember Sifu said in your one of the articles saying , when shares dropped to very2 low, a not so good comp can be a good buy loh if I am not mistaken.

That is true. It could be true for Benalec too.

But don't forget of what I caution about, evaluate if the drop of share price is due to some temporary reasons, or is it due to structural change, or a poor and dishonest management.

Posted by kcchongnz > 2019-04-21 15:33 | Report Abuse

Posted by andychay6124 > Apr 20, 2019 5:49 PM | Report Abuse
Jaks going to do private placement

If you know and care to read its balance sheet, you know it has to do the PP. No two ways about it.

Similarly for Sendai, with the major shareholder holding 70% of the shares, and the precarious cash flows and balance sheet, there is no two ways about it too.

PP has to be done, real fast.

Posted by longtermvaluegain > 2019-04-21 15:35 | Report Abuse

SENDAI 龙大和可怕债务，还20年都还是在欠着别人钱（有盈利又怎样，EPS 10sen都无法吸引人买入）

Posted by freddiehero > 2019-04-21 15:45 | Report Abuse

?

Posted by freddiehero > 2019-04-21 15:45 | Report Abuse

u buy house also.need 30years

Posted by freddiehero > 2019-04-21 15:45 | Report Abuse

buy car 7 years

Posted by freddiehero > 2019-04-21 15:46 | Report Abuse

ur kids... unlimited years...

Posted by freddiehero > 2019-04-21 15:46 | Report Abuse

all work for money ma.. same

Posted by freddiehero > 2019-04-21 15:48 | Report Abuse

as long as project still run and work still can do ma.. waakkaka

Posted by qqq3 > 2019-04-21 16:11 | Report Abuse

kc


never seen companies do private placements then share double in next few months?......I have and not rare too.

Posted by kcchongnz > 2019-04-21 17:00 | Report Abuse

Posted by qqq3 > Apr 21, 2019 4:11 PM | Report Abuse
kc
never seen companies do private placements then share double in next few months?......I have and not rare too.

Jaks in 2017? Sure!

Posted by kcchongnz > 2019-04-21 17:01 | Report Abuse

And also Sendai in the same year. Wonderful!

Posted by qqq3 > 2019-04-21 17:29 | Report Abuse

kc


u suffer from recency bias because last year was a bear market....


every year also 2018 meh?


true what I said....shares double within a few months of private placement not that rare if u take the totality of all private placements in Malaysia..............

Posted by kcchongnz > 2019-04-21 17:36 | Report Abuse

Posted by qqq3 > Apr 21, 2019 5:29 PM | Report Abuse
kc
u suffer from recency bias because last year was a bear market....
every year also 2018 meh?
true what I said....shares double within a few months of private placement not that rare if u take the totality of all private placements in Malaysia..............

Well, at least I could name two stocks, and what a coincidence, they were both heavily promoted by you shouting margin and sailang!

Why don't you name some and from when to when that they double in price in a few months.

Come on, don't just quack quack quack. Show some examples!

Posted by kcchongnz > 2019-04-21 18:46 | Report Abuse

I can name another one; London Biscuits.

It has made a few private placement at 80 sen to RM1.00 the last few years, now at 34.5 sen

I am still waiting for you to name some and from when to when that they double in price in a few months after private placement.

Come on, don't just quack quack quack. Show some examples!

Posted by lachai2004 > 2019-04-21 19:31 | Report Abuse

Yes. Auditor had given negative opinion too.

Posted by qqq3 > 2019-04-21 19:41 | Report Abuse

lachai2004 > Apr 21, 2019 7:31 PM | Report Abuse

Yes. Auditor had given negative opinion too.
============

u are refering to which company?

Posted by kcchongnz > 2019-04-21 20:00 | Report Abuse

Posted by qqq3 > Apr 21, 2019 7:41 PM | Report Abuse
u are refering to which company?


Posted by qqq3 > Apr 21, 2019 4:11 PM | Report Abuse
kc
never seen companies do private placements then share double in next few months?......I have and not rare too.


?????

""Not rare"" at least 10 companies?

I haven't seen one given by you yet??????

Posted by qqq3 > 2019-04-21 20:06 | Report Abuse

Posted by kcchongnz > Apr 21, 2019 8:00 PM | Report Abuse

I haven't seen one given by you yet??????

=========

all depends on bull or bear market.......

Posted by lachai2004 > 2019-04-21 23:13 | Report Abuse

qqq3,
I m referring to London Biscuits.

Posted by 3iii > 2019-04-21 23:14 |

Post removed.Why?

Posted by qqq3 > 2019-04-21 23:18 | Report Abuse

lachai2004 > Apr 21, 2019 11:13 PM | Report Abuse

qqq3,
I m referring to London Biscuits.
==========


yeah, u must be clear lah......

Posted by qqq3 > 2019-04-21 23:22 | Report Abuse

Sendai............

As at 12/2017, they had $ 500 million owing by related company for liftboats....

by 12/2018, this figure has been reduced to $ 250 million

Posted by calvintaneng > 2019-04-22 01:22 | Report Abuse

Sell Sendai fast

Sendai might

SINK
SINK
SINK!

Posted by kcchongnz > 2019-04-22 07:19 | Report Abuse

Posted by 3iii > Apr 21, 2019 11:14 PM | Report Abuse
MARKETS
Issuing more shares good for shareholders
Koon Yew Yin
Eversendai’s private placement is different from other usual private placements

Wonderful private placement!

With the PP at RM1.00 even during the good time at end of 2017, the share price went straight down and never recover.

It lost half its value in about a year from RM1.00 to just 50 sen now.


Posted by qqq3 > Apr 21, 2019 4:11 PM | Report Abuse
Posted by kcchongnz > Apr 21, 2019 8:00 PM | Report Abuse
I haven't seen one given by you yet??????
=========
all depends on bull or bear market.......

Posted by qqq3 > 2019-04-22 22:21 | Report Abuse

kc.......why senda do 12 million shares?

thanks to your article again..........

no wonder I love it whenever u write about Sendai..........

Posted by kcchongnz > 2019-04-23 04:59 | Report Abuse

Posted by qqq3 > Apr 22, 2019 10:21 PM | Report Abuse
kc.......why senda do 12 million shares?
thanks to your article again..........
no wonder I love it whenever u write about Sendai..........

What else can I say? The ignorant can only talk about the share price and how many shares were transacted. they know nothing about the value.

Posted by kcchongnz > 2019-04-23 05:07 | Report Abuse

I also wrote about Sendai on 12th September 2017 when it was trading at RM1.03 here,

https://klse.i3investor.com/blogs/kcchongnz/132084.jsp

Another one when it was 80 sen here,

https://klse.i3investor.com/blogs/kcchongnz/133708.jsp

There was this comment from the chameleon quack quack quack, with his other nick Stockmanny,


Posted by stockmanmy > Oct 6, 2017 9:43 PM | Report Abuse
in short....lousy timing, lousy analysis and lousy business sense to rite this article when it is 80 sen....now 95 sen.....

Posted by kcchongnz > 2019-04-29 19:14 | Report Abuse

Posted by qqq3 > Apr 20, 2019 7:40 PM | Report Abuse
next report card, Sendai collects $ 250 million from trade receivables......then u how? U eat your words?

Your "next report card" shows related party owing on the lift boats has increased from RM420m at end of 2017 to RM537m in 2018 now.

Bullshit again, quack quack quack?

Posted by 3iii > 2019-05-23 16:22 |

Post removed.Why?