1) At 60 sen with NTA of Rm2.15 WTK is selling at a Huge Discount of 73% Discount to NTA.
This is more than twice the Margin of Safety required by Ben Graham (Note: Calvin follows the Columbia School of Thoughts in Investment. SAFETY FIRST. Then only expect a profit. In other words, "Not to lose money" as propounded by Ben's Best Student called Warren Buffet
S’wak govt to stop issuing new timber licenses – CM July 18, 2018, Wednesday Karen Bong
The Sarawak government will continue to stop the issuance of new timber licences in all out efforts to protect and retain the remaining indigenous virgin jungle in the state.
Chief Minister Datuk Patinggi Abang Johari Tun Openg stressed that the vast tracts of the forest have already been logged and it was very difficult to restore them.
“Worse still is the stripping of the forests of all their vegetation by plywood factories operating deep in the forests, ostensibly to clear the land for the planting of oil palm,” he told the august House in his winding up speech at the State Assembly Sitting today
“As such, therefore, there will be no more new palm oil plantation licences except for NCR (Native Customary Rights) land,” he pointed out.
The state government, he added, will continue to fight illegal logging.
“Not only are they just stealing timber in areas which are not licensed to them, but they are also intruding into forest reserve areas,” he said.
“If unchecked, we may have no more forest reserves of any kind, fully protected or otherwise. We must protect our protected forests if we want to retain any of our indigenous virgin jungle,” he added
WTK HAS BEEN GIVEN SOLE RIGHTS FOR MANY TIMBER CONCESSIONS. IT IS ALMOST A MONOPOLY WITH TAANN & IN SMALL MEASURE JTIASA
CALVIN FIRST CALLED FOR A BUY ON WTK (WAH TELAH KAYA) AT ABOVE RM1.10
PRICE HAS NOW FALLEN BY A HUGE 45% DISCOUNT
ITS LOSSES FROM OIL & GAS MISADVENTURE NOW OVER
JUST LIKE CALVIN ISSUED BUY CALL ON MEDIA AT RM1.00
THEN CALVIN ISSUED EVEN STRONGER BUY CALL ON MEDIA AT 28 SEN (NOW ALMOST REBOUNDED TO 60 SEN UP BY MORE THAN 100% FRIOM ITS LOWS)
The Family Dispute plus the misadventure in O&G and also the selling out of one Malay Director have combined to cause the Oversold of WTK shares far below its Real Instrinsic Value
Hence Deep Value Has Emerged
This is the best of time to buy while still so cheap
AND STRONG WINDFALL IS THE TARIFF OF USD50 BILLIONS RAISED AGAINST CHINA FURNITURE EXPORT TO THE US WHICH WILL TURN BUYING TO MALAYSIAN TIMBER EXPORT WHICH WILL BE CHEAPER BY COMPARISON
Due to family feud of Wtk bosses i think alfian is fed up so he is disposing. Or he might have his own reasons.
Last time YTL indian insider also sold around YTL Cement around Rm2.40 due to some unknown reason. But Ytl eventually took Ytl Cement private more than double the price. Since alfian is selling....hold back purchase first if you are afraid. Maybe you can collect cheaper.
wa . results so good . net profit . really impressive many big famous plantations company made net loss this round including kwantas and other famous big big company but Wtk this time net profit . seem can sapu . better than jtiasa . taan . swplant . thplant .bplant gp and other big big plantation
NTA is over RM2.00 and latest share price is RM0.48. If i am the owner this is the best time to accumulate their own share. The only problem is family in-fighting has brought the company to it's knee. How to sail a ship unscathed through a trouble water if the officers manning the bridge are fighting each other? The board and the major shareholder need to clear this mess. Wong Family is a prominent family in Sarawak and also Malaysia, they should lead by example rather than letting this once glorious company to dilapidate in their own hands.
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....
Buylowselllower
19 posts
Posted by Buylowselllower > 2018-07-19 16:56 | Report Abuse
Today share price up 3.5 cent (+ 6% )
Some investors is interested in WTK.....