so u mean it will down for short term and up later on long term??? This guy sell Kretam and buy Bornoil. Almost same ammount. So i assume he cash out for that.
Kretam is a good stock . Their plantations are mostly next to the road, and management is good. They split the shares just like IOI did in the early days. The IOI strategy made a lot of investors millionaires. One of my dad's friend made 50 million from holding IOI from the start. This is the power of splitting a good stock.
wonder, from what I heard, Kretam has a lot of land right next to the roads in Sabah. These are worth a lot, because can be developed or sold for housing or industrial. Next to the road, people will be calculating in per sq foot price, not in acres anymore. So the land price will multiply a lot. Also they bought a few palm oil mills. This new management is very diligent and serious in their work. I heard that the previous management was playing shares with the company instead of focusing on the business, and got burned in 2008-2009 GFC. This new management is different, that's why Kretam price keep going up after that. Anyway, just what I heard about Kretam from people in the industry.
In east malaysia, plantation land per acre is around RM35,000 to 40,000 per acre average. If prime position maybe higher. If industrial land, you can sell around RM180,000 or more per acre in Sandakan area. If in town, count by per square feet! Compared to West Malaysia, even in small towns in Johor, the plantation land are selling RM100,000 to RM300,000 per acre, depending whether next to road or not. So Sabah land has a lot of room for growth.
The current selling is probably caused by short term traders who are taking a quick profit from the split. But Kretam shares at 70c is affordable and a good deal for new investors to enter into a well managed palm oil counter with lots of prime positioned land.
For IOI, from 10c to $5, that is a 50x increase. Then split to 10, became 50c. Then move up to $5 again, that is again x 10. So 50 x 10 = 500 increase. Is my calculation correct?
Isn't it clear that TKSB is a scaremongering arse who is trying to make people sell to him? How the hell does your stupid brain (if you have a brain) think that Kream will free fall? If it goes cheaper, all the Sabah plantation multi millionaires will buy even bigger chunks of the company. I know a lot of Datuk and a few Tan Sris who are backing this share with millions. They will gladly buy more!
sold mine at 72cent, then switch to property (Pjdev, A&M, Tambun) hit n run there make few % a day over there... will come back here later when it start to climb
I'm buying more. COme on, Kretam at 66.5c, it's cheap! With share investing, you must think long term, not short term. Mr Market is happy one day, depressed the next day. Follow the long term value, don't go crazy like Mr Market.
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....
eng2trade
18 posts
Posted by eng2trade > 2014-01-06 21:04 | Report Abuse
Director throwing at 3.50 before split 1.3million shares. Time to cabut quick quick??