Posted by calvintaneng > Oct 28, 2018 09:05 AM | Report Abuse
Good morning CharlesT
Yes. I posted much earlier that if Mnrb should fall to Rm2.50 I might consider buying
However, that was then. Times have thrown up further changes. Now that even 5% remaining dividend was scrapped (used to be 10%) and the new cash call was the final straw why I totally changed my mind about Mnrb
All Govt Cash Cow companies starting with 1mdb have been plundered
1.Mara Management siphoned out monies by buying inflated assets in Australia
2. In Australia I met an oversea Chinese Malaysia who warned me about FGV (Fraud Governed Victim) and he was correct
3. MNRB turned from 10% dividend payout to 5% dividend payout and then stopped payment of dividend and finally asking for monies. And then the relentless selling by ASB. In Warren Buffet group of insurance companies especially Geico they did better and better all these whiles without Govt support unlike Mnrb
THE risk and reward in MNRB shows more uncertainty and risk more than reward at this juncture. This is my conclusion
Market is dynamic, there is investor with different opinoins, buyer & sellers. If there is no sellers, smart investors will not able to buy cheap. Always do your own research.. Infact, this stock is DEEPLY under valued and It is worth buying after my research, there seem so little selling volume for big investors to buy ... Maintain STRONG BUY.... BU
Will I buy back MNRB? If it drops to Rm2.50. Why not?
Calvin Tan Research 17/07/2015 11:52
A very popular investment Guru from Spore who believed to manage funds less than RM1 Billion made the above statement in 2015 when MNRB was ard RM3.50+.
TECHNICAL IS JUST A REFERENCE FOR TRADING, FOR A STOCK WITH NO LIQUDITY, TECHNICAL ANALYSIS (TA) IS NOT SO APPLICABLE TO STOCK LIKE MNRB. FUNDAMENTALLY IS DEEPLY UNDERVALUE... EVERY WEAKNESS IS A BUYING OPPORTURNITY...
U can check how much warren buffets berkshire hathaway is. Got one is Inc, most expensive share 333,000 per share ., small one is berkshire hathaway Class B .200 something pershare. Reinsurance is profitable
This stock is undervalued. It had not been paying dividends as it was undercapitalized for its business. The recent rights issue has increased its capital base, will enable it to expand its biz and position MNRB to pay dividends again in the future. Market has just started the process to rerate MNRB upward.
30 years ago I spent 20 dollars also I won't feel remorseful but now if I spend 20 dollar also I feel very sad. Earning power or sophistication? In a lot of areas where there is no earning power or where there is no sophistication, you go and put up a lot of "decat and murah"'s for what? for show and for show to who? please explain?
You need to help someone who is better than you in order to become successful and that person that is better than you need to be you in order for you to not become a failure, I thought this is common sense, please don't let Mr. Koon... or anybody else to remind you again.
You are too good to yourself to the extend which is unbelievable: keep your employee incentives simple or else you will be missing something that sound like "god's trust or integrity". I sound like Warren Buffett you see.
Business Productivity---missing? outside help ? Effective (natural factor missing)---decat (service =decat to people) is not a garuntee of earning power. Efficiency(poor execution of strategy)---murah (convenient=selling cheap stocks) located in remote locations (for what purpose or for the purpose of doing to your customers "the hard to find strategy" is it?) What for we the shareholders are paying your employees very high for doing very low income for us and very low sophistication jobs for you?
That is why they need to sell rights shares, and we are their outside help, get it, for them to improve on their effectiveness (do more things that coincide with natural factor instead of people) and their own efficiency (do more what is obviously going to be their own successful rather than their own failure).
business productivity or business power come from outside help and that is why the help must come from the outside (not the shareholders) for the power to be a permanent power.
The Fitch "AAA" rating is also not the outside help either, because the outside gives you earning power and the help give you sophistication, the rating that MNRB pays Fitch to do does not do what has to happen later on------- the earning power and the sophistication for you.
Decat dan Murah (we are not giving out dividends but we are now selling out for cheap or becoming a company that is selling out cheap stocks) , we are not missing out anything from this slogan (you have floated the market with decat dan murah's as we are aware of that whether you like it or we like it or not), but why is this slogan decat dan mati to us. What is missing? For example, Does Mr. Koon needs to go to decat dan murah or not if this is the answer that Mr. Koon himself (or any of your customers or potential) doesn't know why does everyone else has to know also, you see, this decat and murah is probably decat and mati to other people.
decat and murah and low buying power for Malaysia. whether you are consumers or supplier, it is the same when you have low buying power. how can low buying power increase your earning power and consumers' sophistication, you tell me, decat and murah. for example, please ask the decat and murah in your backyard. you are not able to help me to remove low buying power problem one lah.
you are not able to help me (the malaysia or who) to remove low buying power problem one lah. especially even harder when you open 2000 or more decat and murah.
decat=a trap (your outside help is a trap), murah=bait (selling cheap stocks), intention to remove low buying power problem in Malaysia, is this achievable or not it is up to us. The rest you think yourselves.
for mnrb case, the scary part is you don't know what problem they are trying to remove especially when only GOD has no problem and MNRB is no GOD time.
Nick: we live with problems we must die right away but if the problems live with us we will die slowly until we are able to withstand the problems or until new problems arrive. We all must die just like we don't know when only. I have on my own part associate MNRB's problem and GE's problem to fall under the same type or category -----after I read WB's comment on GE and had tried understanding the comment. It is some kind of insurance change GE never mentioned before but revealed suddenly due to poor accounting, as mentioned by WB. GE and MNRB are going the same course and same prestigious they kept their own way of doing until they themselves can not handle themselves anymore. The problem is MNRB never mentioned they have any problem before and they even give "AAA" guidance with help of Fitch. THEY the MNRB will be like what WB said about GE and WB said the mistake is made in GE because nobody ever said they have a mistake in GE even if it is a flu kind of not serious type. you get it.
For example: how can asset=liability in the long run? you tell me insurance company? asset get corrupted but liability stays just like besama Malaysia.
Either your profit must be higher than the corruption rate or else you will have financial trouble to force you to sell cheap stocks to your shareholders because kita besama satu malaysia, get it.
someday the decat dan murah will annouce it will sell you cheap stocks too but that time will be the company's shares and you know why now hopefully. like the FGV of Indonesia.
If we invest in MNRB, it is like investing in FGV, go buy junk assets so that when you run out of cash you can call your grandfathers or great great grandfathers of Malaysia God to reinvigorate your business like the suka energy company by asking for cash injection something which is what WB and I can't do.
Just like what the GOD of malaysia said they told you how they are going to do the cash injection for a company called the suka energy company and told the suka energy company to get rid of their junk assets. This is not productive, effective, and efficient style of doing things WB mentioned. You go buy junk assets purposely or not then ask your grandfather for cash and he told you to sell your junk assets. Sons of Tungku Adulam way of doing things is like this, I am that proad of you.
Year of Pig (Money): kill who kill the pig or kill those who help others to raise pig? Chill man ! Year of Dog is year of what ? Year of kaipu people, they will ruin the company next year or sell assets why? If you understand this you probably will understand the outcome of besama satu malaysia. Especially Year of Dog ? What does Dog stands for just like Pig stands for Money?
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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....
apolloang
18,163 posts
Posted by apolloang > 2018-11-07 10:07 | Report Abuse
no lah he no sell house no money already now no buy stocks