RM4.2 billion JKR stolen contract Cut and save. Confiscate chong and protasco money stolen from Malaysian. Easier than argue with foreign funds. Also rnough to pay cancellation fee of HSR.
Calvintaneng, I am collecting Protasco at current levels since the company has earlier this year secured several road maintenance and repair agreements. Moreover this company in the past has been giving out very decent dividends quite consistently and I hope the company will be able to continue to do so. Sometimes it is guts instinct just like recently when I bought YTLpower at below 80sen. Hopefully I am right with respect to Protasco.
How come we think alike. I bought YTL Power at Rm1.20. When YTL Power crashed to 75 sen i bought more to average down my cost.
And you are right on Protasco. I think Sifu Dr Neoh of Dynaquest first recommended Protasco because its its great dividend payout.
Now due to people spreading fear there is a sell down.
And in times of fear when prices are fearfully sold down it opens up an opportunity to buy cheap.
To be fearful when others are greedily buying Hengyuan at Rm19 or chasing Masteel at Rm1.90. And to be greedy when others are fearfully selling Protasco at 48 sen
See the dead end if Sticky HIV canser like CKP still there. Diff between research house and street fighter research. Good try but no thanks. I check your “value call”. Here is the ending.
MPCorp asset 1billion. Buy call from 30c now 3c and delisted.
Protasco asset 300mil minus debt. Buy call 1.60 by investment bank. Now 48c. Calvin starts buy call. See you at 5c delisting.
MPCorp same as Protasco. Crook problem, asset is fine. Will end like crook. My 2c bonus for you all.
Go for good management company. Plenty below 50% asset value.
How come got tunnel vision? You only see Mp Corp? Got see
Jaks at 40 sen? Prestar at 46 sen? Padini at Rm1.60? Supermax at Rm1.60? Gsb at 9 sen? Opcom at 35 sen? Tmakmur at Rm1.38? TheStore at Rn2 50? Wangzng at 75 sen? Super Enterprize at rm1.25? Kulim at Rm2.50? Waseong at 72 sen? Pm Corp at 7 sen(ex cash 8 sen) Pohuat at 35 sen (after bonus)?
You can see like a mole or you can see like an eagle
AND PROTASCO HAS LOTS OF ASSETS BOUGHT AT OLD BOOK VALUE JUST LIKE TA ENTERPRIZE
EVERYTHING BEGINS WITH CASH
1. CASH IN BANK OR CASH FROM IPO
2. CASH INVESTED IN ASSETS LIKE SHOPS. FACTORIES. LANDS OR PLANTATIONS. SO CASH CONVERTED TO SOLID ASSETS
SEE HOW I BOUGHT A HOUSE FOR RM100K
AND IN 5 YEARS PRICE HAS GONE UP TO RM300K
SO NOW I CONVERT HOUSE BACK TO CASH = RM300K
So minus current value of rm300k by rm100k i have a gain of rm200k or rm40k a year
That translates to 200% gain in 5 years or 40% for each year of the 5 years
What about bank interest. Ha! I rented out the house for rm700. So enough to cover taxes and bank interest.
So look GO TAKE A CLOSER LOOK AT PROTASCO NET NET OF
1. DEBT MINUS CASH. 2. ASSETS OF PPE 3. ASSETS IN PROPERTIES 4. OTHER INVESTMENTS 5. PLUS INTANGIBLE ASSETS OF THE MOAT BUILT UP FOR 20 YEARS 6. AND HUMAN CAPITAL. THE EXPERTISE GAINED FROM DECADES OF EXPERIENCE
IF YOU CAN SEE THE WHOLE PICTURE THEN ONLY YOU KNOW ALL ARE REALLY CASH
LET ME TELL YOU ABOUT HUMAN CAPITAL AS A FORM OF CASH
WHEN MY ELDEST SON WAS IN PRIMARY 6TH. I SENT HIM TO "SUPER CAMP" FOR A WEEK OF TRAINING BY SOME AMERICANS IN SINGAPORE
IT COSTS ME S$3,000 OR RM9,000 FOR ONE WEEK
RM9,000 FOR ONE WEEK? THAT'S A LOT OF MONIES. BUT WELL WORTH IT. TODAY MY SON IS TOP INTELLIGENT GUY AROUND SEE WWW.MINDREALITY.COM
I HAVE A SECOND SON WHICH I SPENT EVEN MORE. RM1 MILLIONS IN 6 YEARS. HE FINALLY GRADUATED WITH MBBS IN AUSTRALIA. SO MUCH MONEY FOR 6 YEARS EDUCATION?
I wouldn't mind this cheap stock if the sell off is due to bad publicity. For me, the sell off is mainly due to CKP's pro BN stand. Govt contracts are sure to be affected. I'm sure they are survivors and price may move up again but I wouldn't bet on their poor management reputation.
Malaysia was a good asset, but poor management. Catch the culprits, a new country is born. Protasco was a good asset, same poor management. Catch the culprits, maybe has hope to slow down death process.
Else will be another Zimbabwee.
The poor management is toxic and long lasting.
shortNow you missed this one https://klse.i3investor.com/blogs/bursacannibal/156459.jsp SERIOUS ISSUE: Protasco Bhd (5070) Barisan National Election Campaign back fired? What now? | Construction players face uncertain prospects - The Star
Protasco CKP = Anjing Najib and Barisan. All monopoly review and cancel? 08/06/2018 12:52
whoever want to invest this counter, better pay a visit to their De Cetrum development at bangi....a lot of money has spent on that area and more require to sustain it...visit their mall and check their show house, and take up rate, then only decide whether invest or not...
no doubt on the road maintenance performance, although there is some risk from the new gov, but the main problem still is the property development sector which dragging the profit into red.
Ada harimau ada buaya. Seberapa cantik tasik pun tak guna. Siapa renang siapa mati. Tangkap binatang-binatang sial ini protasco baru ada harapan.
Encik calvin mahu ajak ramai-ramai beli saham gotong-royong lapor tangkap management ke? Kalau tidak berani jangan pujuk-pujuk anak kecil masuk kolam! Jadi makanan buaya tua mahu tuntut daro siapa?
2) Tun Dr M might let Malaysia Jv with Indonesia to revive "THE ASEAN CAR" So many more cars on the road means more business for road maintainance for Protasco
Lolol. Bad curse is true. Before promote still ok above 48sen. After promote plunge to 46sen. Thumbs up.
Lets see how dangerous to ignore management credibility and bet on falling knife:
So look GO TAKE A CLOSER LOOK AT PROTASCO NET NET OF
1. DEBT MINUS CASH. What defination is this? Cash minus debt is -ve. 2. ASSETS OF PPE Only liabilities. Current, Fixed, and most importantly “intrinsic hidden time bombs”. Like Najib linked corruption, and CKP & sons self-gratification. 3. ASSETS IN PROPERTIES Don’t see any asset after adding up all the liabilities. The kajang land is wasted with low cost flat and a dead mall making loss. 4. OTHER INVESTMENTS You mean “Down Syndrome Property ran by Chong’s 1st Son, Solar Energy Toy by Chong’s 2nd Son, Mess Around Jobless inside Protasco Chong’s 3rd son, Chong Toy in Sri Lanka, Lybia, Syria, Hainan, Indonesia, South Africa? Lolol. Total failure lost hundreds of millions since Chong gambles using your money. He needs to feed his sons to cover up all these holes he farked around. 5. PLUS INTANGIBLE ASSETS OF THE MOAT BUILT UP FOR 20 YEARS You mean “intangible liabilities”, like JKR corruption and Najib UMNO campaign money trail? Frozen you dono? Mossed which one? Go report SPRM. Be a good citizen. 6. AND HUMAN CAPITAL. THE EXPERTISE GAINED FROM DECADES OF EXPERIENCE Lolol. Biggest joke. CKP is the biggest liability, a virus with no cure unless deceased. Other human liabilities just puppet use by CKP to cover up crime and assist money siphoning.
BUT
Don’t worry if you bought 48sen and close 46sen on Friday. By time CKP borrow money cut your asset to pay dividend, your cost only 43sen if dividend is 5sen. Chong has little time and no tomorrow so sure he will borrow to maximum to pay dividend. 43sen Sure will sustain if JKR probe left anything on table.
Worst come to worst, you still got CKP and sons as HUMAN CApiTaL left in Protasco. They will help add Intangible Liablities in salaries and schemes, got paid by liquidate your assets. If all CKP father and sons go behind bar, you got free entertainment too. Front seat for you calvin in AGM to nominate turself to replace CKP & sons vacancies. Remember to pay dividend k. No more JKR corruption, can build more flat in Down Syndrome town in kajang. Sell the land sure got buyer.
Ask Dato Haniff who found his dignity and answerable to god before AGM. He will tell you why he left Protasco. When time comes calvin go replace CKP seat.
@calvintaneng, i not against you or undermine your research, but in history of Malaysia, gov issue most of the road maintenance job and utilize the allocated fund before GE, so after GE the job issue will be slow down...since our new gov still in the midst of restructuring, i reckon that Q2 2018 still ok, but moving onward that this sector will be slow down a lot. my personal 2 cents.
Protasco HIV virus blow up soon. Crisis in CKP probe looks like just started. Government is hungry. More to come. Don’t think over priced contracts are sustainable and new government needs money. Take a wild guess where they get the money from? Saving is one. Claim back old corruption money is another one.
Protasco already secured many Job awards in West Malaysia & also in Sarawak. These will sustain it for many years to come. Any fresh contracts will be a bonus.
As dividend is now in double digits buying this is really a no brainer
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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....
shortNow
7 posts
Posted by shortNow > 2018-06-08 12:52 | Report Abuse
you missed this one https://klse.i3investor.com/blogs/bursacannibal/156459.jsp
SERIOUS ISSUE: Protasco Bhd (5070) Barisan National Election Campaign back fired? What now? | Construction players face uncertain prospects - The Star
Protasco CKP = Anjing Najib and Barisan. All monopoly review and cancel?