Wait for those stale bulls from investlah finish their selling. If they know the progress of "g Residence" excellent sales they might change their mind and start buying!
Didn't follow pdz. I want to know something a lot before buying.
This Friday evening, Saturday and Sunday GSB's "g Residences" will be having a Final Sales Launch. I want to see the response. Something you can quantify & verify.
ericB6B, according to John master, GSB will launch another RM200 million+ property project in Oct 2014 and followed by 2 more of similar size in 2015. One shocking info is that GSB is actually the back-door listing of a top class low profile property developer Sima Group.
Calvin, so modest! Only 50,000 shares and even has to borrow money to buy it. Must have spent yr money on buying a prime g-residence unit. Should buy enough GSB shares to untung enough to get a free unit. And as for your theory of the stale bulls cutting losses, suffice to say that some stale bulls have been rejuvenated and are adding to their holdings instead.
Just phoned Andy at 016 7497313 at "G Residence" Final Sale Launch at 7.30pm Singapore time. 30 to 40 people are currently there now. Tomorrow till Sunday from 10.00am to 10.00pm Sales Promotion Continue.
Better Hurry If You Still Haven't Book A Unit. After This Price Might Go Up 5% to 10%!
Status of Sale Progress
1) TOWER B - Almost All Sold (Over 80% Already.)
2) TOWER A - 30% and More Are Being Taken Up.
I Love Stock (Business) Which I Can Observe And Monitor Its Progress
GSB = GREAT SHARE BUY
Better Buy This Great Share When KLSE Opens on Monday!
Yesterday during Market Panic I borrowed some money to buy GSB (Great Share Buy)
This Morning I woke up to see Dow Jones rebounded 185 points!
See, if we want to Win Big we Have To Go Against Our Feelings & Also Be Contrarian.
I quote this before and I now quote here again.
Listen to the Voice of John Templeton,
"When we see unrecognized value we are willing to be contrarian. We are buying when others are despondently selling and selling when others are greedily buying."
"To buy when others are despondently selling and to sell when others are avidly buying requires the greatest of fortitude and pays the ultimate rewards."
Since Great Superstock Berhad Value is not yet recognized by the Market as yet -
Just called Kelvin Goh at "G Residences" Show House. The Place is crowded with People.
According to Kelvin Goh. "G Residences was first launched in July 11th, 2014. And in Less Than One Month TOWER B Is Already 80% SOLD! A Record!
Upon further inquiry whether the Sales were genuine, he replied, "We have received firm booking fees & also Sales & Purchase Agreement have been signed."
To verify the truth anyone can call Kelvin Ong direct at 017 4617128.
Just a question to ask.. Is g residence belong to GSB or IGB? http://www.tantan.com/projects/g-residence/ .. This website was also promoting g residence but it is not under GSB but IGB..
GSB is Not IGB although both have projects call by the same name "G Residences"
IGB own the MidValley MegaMall in Klang Valley. IGB is currently building the South Key MidValley MegaMall in Johor. Their "G Residences" is in KL.
GSB's "G Residences" Is Located in Plentong, Near Permas Jaya. About 5 minutes drive to South Key Megamall, Johore.
The unique features of GSB's "G RESIDENCE" are
1) A Connecting SKY BRIDGE Betweet TOWER A & TOWER B
2) ROOF GARDEN At The Very Top (25th Storey)
3) A 360% PANORAMIC VIEW DECK
4) Land Under Commercial Status. So They Build 2 Floors of Shopping Malls at Level 1 & Level 2
5) Since the Front Portion Is Located Just Beside Busy Main Road - A Drive Through Pathway Is Possible.
6) Another Private Entrance at the Rear is For All Residents.
7) No Need To go Long Distance looking for Bus, Taxi or Train (Purported Train Hub). All the convenience right at Door Step
All These Positive Features Make This A Unique Designer Botique Condo. Grab a unit before it is sold out. Or buy some GSB shares before they shoot upward.
GSB = GOOD STOCK BUY (First Target - 18 cents) or
GSB = GREAT STOCK BARGAIN (2nd Target Price - 30 cents) or
Thanks for ur details answer Calvin, 1 more silly question here.. I can see the profit and loss of this company is low ( not more than 5mil) and u mentioned that the profit or this project is around 60mil.. Will that account it in the next year profit? I always see many company saying that this project will bring them few billion of revenue but I can't see this amount reflect in the financial statement
For example in this case, they have sold 200 units x 300k = 60mil revenue.. Where is this 60mil recorded in? I don think it will reflect in the financial statement
The past businesses of GSB were deplorable. That has been reflected in its share price. The Turning Point is in Property Development. Starting with "G Residences" and another few more to come.
Bear in mind, construction companies profits comes from progress billings, you cannot recognise the whole sales amount instantly. The 1st 10% covers the cost of advertising,clearing,foundation piling.so there no significant profits in the initial stzge
GSB recently revalued 2 properties. A RM9.7 Million gain in value. The next report NTA should be 11.9 cents. There are 18 more properties (from year 2003 till now) yet to be revalued. If fully revalued it should be around 15 to 18 cents (a rough estimate only)
GSB next launch should be end of 2014.
Alex Chan,
Yes, the booking fees/ deposits cover initial expenses. But 1st Timer can get 90% Loan from Banks. So the Progressive Payments Will Be Released by Banks in Stages.
The Profit Lock In depends on the cost of material, overhead & wages. But all these are also factored in at the time of tender award.
Since Sima has 30 long experience. Profit is a given.
The more I think of GSB I think of KSL in its initial years. KSL managers are very proactive compared to Daiman (Old folks home atmosphere.)
Banking Circles told me they would wait outside Banking HQ for needed CASH early, early morning. GSB has taken the trouble to revalue 2 Properties. Launch a Designer Boutique Twin Tower Condo.
So I would Call GSB - A Baby KSL in the making.
Design of "G RESIDENCES" Looks Similar to KSL CITY RESORT. Both have Multiple Usage Located in Commercial Zoning.
GSB has an edge in SKY BRIDE, ROOF GARDEN & 360% Panoramic View Deck
GSB next launch project should be the landed property at Klang. if not mistaken, the piece of land is just nearby my parent house.
In Klang, the main criteria to make sure you project sell well is the concept of Gated and Guarded. Any project with G&G can be sell at higher price by at least 20%. (this taman without G&G are selling for RM500k, then next taman with G&G are selling for RM600k). People willing to pay extra 20% just to enjoyed the secure environment, where you can allow you kid ridding bicycle outside the door, and not worry suddenly got some bad guys kidnap them.
So, if GSB going to launch the project at klang, let me be the contributor to update the sales progress. Haha.
Just Phoned GSB Sales Office at 8.40pm. Sales Response Is Very Good!
GO! GO! GREAT SUPER BOMB!
"If a Business Does Well, The Stock Eventually Follows" ............................................................................................Warren Buffet
"IF A BUSINESS DOES WELL, THE STOCK EVENTUALLY FOLLOWS." ......................................................................................Warren Buffet
IF "G RESIDENCE" SELLS WELL, IT WILL BE REFLECTED IN GSB SHARE PRICE. ......................................................................................Calvin Tan
Hi calvin tan, thanks for such a strong recommendation on GSB. Great superman berhad!... if you dont mind, can take a look at ewein bhd, and give your comments, recently bought into it on the advise of dr bones... share price is at 20% discount of the NTA of 0.78..touted strongly to be the likely winner of penang undersea tunnel contract worth almost 6.3 billion with BUCG group.. recently just struck a deal with penang state govt to develop the super prime area in tanjung tokong area( near STP 2) with GDV close to a billion... dr bone's write up was superb, now need dr calvin tan to do second opinion :P :D :D
Thank you for having faith in me. I think Bonescythe has been working hard to unearth undervalued gems. Sometimes we cross path and Shares Go KaBOOM!!
Bonescythe has more time than me. You see for the whole day I have renovating houses in Iskandar. I hardly had time even to go online like now. So Ewein might be good. Since Penang is quite far from Singapore I will need to fly there to check up on Ewein. And time is a luxury I cannot afford to spare. How nice if I can travel up Penang for its nice food, nice gentle hokkien (Penang Hokkien sound like singing. Hokkien at its best.) And possible to check on Ewein then someday.
As For GSB, I can visit it any day to check on its progress. I like to recommend what I know. Something that can be seen, touch, feel, observe, verify & quantify.
And GSB is One Such Gem I just discovered. Recommended by OSK(RHB) ISKANDAR TOP BOSS MR. LAU
As of now we are still waiting for clarity. I visited a few car wash centres. They say business still OK. The car wash in Taman Perling & Taman Pelangi doing fine
On my Rounds Visiting Johor Buddies Yesterday I heard them saying all the uncles and aunties are going GaGa over 3rd liners penny shares. Many are chased up in a frenzy.
As long as they are laggards with a little rumuor they are swamped with punters. Fundamentals are thrown to the wind. It doesn't matter that the Company is making a loss or has no future prospect. Who cares? As long as they are good for a game of musical chairs.
To me it is like sky lanterns or fire balloons in ancient China. During festive times these paper lightweight lanterns are lighted with a small fire - the hot air then lifts up these lighted lanterns into the dark winter nights and bring joy to viewers for a while.
For a while? Yes these lanterns powered by "Hot Air" will crash back to earth later. So sorry! Many "naive uncles & aunties" will have their dreams dashed when these "penny stocks" turn into "punishing shocks" of their lives when they crash down.
GSB GOES UP BY SOLID EARNINGS - NOT BY "HOT AIR" OF THE MOMENT!
GSB = GOOD SOLID BUY!
YES THE SHARE IS GOING UP WITH SOLID SUPPORT OF INCREASING SALES!
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....
calvintaneng
56,552 posts
Posted by calvintaneng > 2014-08-07 16:32 | Report Abuse
See www.gresidence.com.my or call 07 3558822 for sales progress up date yourself