profit increased due to negative goodwill. They pay for OSKP and PJDev RM363 million less than it should be. You can work out how much the price should be. In fact they extract RM300 million cash from OSKP alone. OLH is shit..
The result only include 4th August onwards, Q4 will show a clearer result.
before you jump into the bandwagon, please note that the gain is actually extraordinary gain due to underpaying for OSKP and PJDev. Striping RM363 million from RM402 million, the actual profit before tax would be RM39 million which is lower than usual profit. Plus profit from RHBCap has reduced due lower profit reported by the bank.
If you strip out 363m,you have to strip out other costs and expenses from OskP and PJD. You cannot strip out one side of the equation and not the other. Comparison will be distorted. You have to look at OskH without the consolidation. Unfair to exclude negative goodwill but to include all the expenses of the other 2 companies. Revenue is a better guide to future profits.
well said by hanting999. I did only rough calculation, probably the negative goodwill will be lower. However, my point, they underpaid for OSKP and PJDev.
sorry everyone, sorry to say even this counter is making money but investor will get shits because the boss is fuxking damx shxt. Same pattern like Vincenx Tax
my friend sold osk that time even with loss and bought inari, now profit even higher than osk price today PLUS making money on top of get back all losses in OSK. See the damnful of this counter?
Under OLH operating manual, he never pushed up osk price so that punters can make money ( already discuss in many AGM). He only pushed down shares so that he can make money. So what is for us, according to OLH ( in agm) he will make alot of money for OSKH only.
If you want OskH to be very rich--you got it. I estimate about RM 100m per quarter profit or 350-400million for 2016 ( almost double 2014 ). Once we have 4Q 2015 results, 2016 can be estimated-----OskH price will Double ( based on current vol. OLH has stopped blocking it)
The crown jewel property of OskH is the Condo land (not built--called Maira) beside Ampang Park MRT station ( also not built yet) is worth more than OskH's RHB block in 3 years time. Currently 1 bed room Condo in this area cost RM700K and in 4 years time I don't know who can afford them but me and my dog called ringgit will be booking One unit.
Forget the old man. I will wait for his son to take over. Patience normally rewards those who wait. Hope the son is not a chip of the old block. Woe to me if he outlives me.
Someone spotted OLH's strategy and so OLH does a bit of downturn. So much profit, yet OSK's share price is lethargic. Well! wait for the younger Ong to take over. Maybe OSK will spring to life.
It is just a waiting game. OLH (in Agm) said he wants to make Oskh a 1st Tier property Co. so that banker will give him much better rate. 1st Tier Co. market Cap should be 8-10 billion so at current price of 1.65 oskh is only Half way. How long we have to wait??? Not too long bcoz property market got a Cycle. Down turn started in 2014 and will end in 2018 (give and take 5 years ) Most projects got to in 1st gear by June 2016 ( site planning + approval by permits by authorities)---Launching by 2017 Completion by Mid 2018 So we have to wait 6 months?? I think Not. Try getting a One million loan today either your banker say straight No Or he check how much you worth excluding existing loan. So how much OskH worth---OLH has to decide soon
Quote: "Well, OskH got no Institutional players." Unquote. This is not bad news; just old, old news. Quote: "OLH can take Osk private quite easily." Unquote. He tried once (I hope I am right) but failed miserably. He offered kacang puteh. Now the numbers are big and OLH had to pay through his nose to take OSK private. I had to refrain myself in wanting to clarify what I meant by "bad news".
this OSK can buy only when strong signal is received, or else better stay far. this stock will not shoot up 20% in 1 day. when burst resistance only chase.
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....
charlesp
219 posts
Posted by charlesp > 2015-11-26 20:33 | Report Abuse
agreed