Posted by 3iii > 2019-07-26 16:31 |

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Posted by 3iii > 2019-07-26 16:32 | Report Abuse

>>>>

Quote from: iiinvestsmart on December 23, 2011, 10:57:36 AM
This financial year has been a very rewarding one for my investing.

Year to date:

DLady + 33.4%
GAB + 28.5%
Nestle +31.3%
Petdag +45.3%

:clap:
>>>>>

Posted by Icon8888 > 2019-07-26 17:04 | Report Abuse

zzzzz

Posted by 3iii > 2019-07-26 18:09 |

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Posted by Icon8888 > 2019-07-26 18:16 | Report Abuse

Everyday talk buffett won't turn you into buffett

Posted by 3iii > 2019-07-26 18:18 | Report Abuse

Affinity vs PBB

>>>
Quote from: stockraider on November 20, 2011, 10:25:19 PM
Affin PE beat Public Bank....!
Affin Price to book value beat Public Bank....!
Affin dividend yield beat public Bank.....!

ONLY AFFIN REPUTATION & TRACK RECORD LOSE TO PUBLIC BANK......!

IN INVESTMENT.....U CAN ASSEMBLE.....A FOOTBALL TEAM.....BASE ON ALL SUPERSTAR REPUTATION AT A VERI EXPENSIVE PRICE LOH....!

OR U CAN BUILD UP A TEAM BASE ON ROOKIES FROM STRETCHED LIKE QUEEN PARK RANGES.....AT A MODEST VALUE.....LOH....!

ONCE A WHILE THIS MODEST ROOKIE TEAM MAY EVEN BEAT MANCHESTER UNITED MAH....!

WE ARE GOING FOR VALUE & NOT REPUTATION.....THEREFORE AFFIN VERI ATTRACTIVE LOH....!

>>>>

Posted by 3iii > 2019-07-26 18:21 |

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Posted by 3iii > 2019-07-26 18:23 |

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Posted by 3iii > 2019-07-26 18:25 | Report Abuse

Quote from: iiinvestsmart on October 28, 2011, 07:59:29 PM




These 2 stupid counters touched all time high prices today. How can elephants run? :)

Posted by 3iii > 2019-07-26 18:27 |

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Posted by 3iii > 2019-07-26 18:30 | Report Abuse

Quote from: iiinvestsmart on October 21, 2011, 03:54:57 PM

The intrinsic values of these stocks were derived by computing in its ttm-EPS estimate, its estimated EPS growth rate and then discounted by a discount factor of 15%.

The market prices of DLady, Guanchg, Padini and LPI were found to be trading below their calculated intrinsic values. Are you excited by these undervalued stocks? :) YES

By this method, the intrinsic values of BAT, Guinness and Nestle are uncharacteristically very low. Are you surprised by these calculated intrinsic values? Are they overvalued? :)NO



Quote from: iiinvestsmart on October 21, 2011, 04:19:00 PM


Anyway, you are right. Benjamin Graham would not have selected these stocks that I selected. It is very much based on Philip Fisher's growth investing. However, growth and value investing are joined at the hip. For this, you will have to refer to Warren Buffett's writing.

Posted by 3iii > 2019-07-26 18:32 |

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Posted by 3iii > 2019-07-26 18:37 | Report Abuse

Quote from: iiinvestsmart on October 04, 2011, 03:46:53 PM

You only have to act based on your own thinking and circumstances. Doing so loudly may influence you to act detrimental to your usual decision making. You do not wish to be playing to a crowd as you maybe influenced by the herd.

Posted by Icon8888 > 2019-07-26 18:38 | Report Abuse

Everytime you see 3iii postings frantically about his investment philosophy, you know he is panicking about his underperformance and is trying to calm himself down

Posted by 3iii > 2019-07-26 18:38 |

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Posted by 3iii > 2019-07-26 18:40 | Report Abuse

Quote from: iiinvestsmart on October 04, 2011, 01:35:12 PM


Always plan in advance.

Avoid getting caught up in the frenzy when the market takes a tumble.

Allocate your assets in a well thought out manner.

Let the market run its course.

Sit back and watch.

When you get the urge to move your money in and out of the market in an effort to avoid losses and make a profit, stop for a moment and think about the number of people that you know who got rich by market timing.

Unless you come up with a long list, you're probably better off sticking with a plan, and giving the market time to settle.

Posted by 3iii > 2019-07-26 18:42 |

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Posted by 3iii > 2019-07-26 18:43 | Report Abuse

Quote from: iiinvestsmart on September 20, 2011, 12:44:54 PM

Raider get too engrossed by the price quotes in the market ...
A good investor focus on the business ...

Posted by 3iii > 2019-07-26 18:48 |

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Posted by 3iii > 2019-07-26 18:50 |

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Posted by pussycats > 2019-07-26 19:10 | Report Abuse

I feel very sleepy now after a short time reading here.
Good medicine for insomnia.
I m going to sleep now.
Zzzzzzz

Thanks for the sleepy effects.
Save my money to buy sleeping pills.

Posted by Haw Liao > 2019-07-26 19:14 | Report Abuse

wahhh sifu read and do trading research...

example of an excellence trader...

thank you for your trading insights

Posted by 3iii > 2019-07-26 19:16 | Report Abuse

Affin

2.12 - 3.52 (2011)
2.04 - 2.34 (2019)



PBB

11.32 - 13.18 (2011)
22.02 - 25.18 (2019)

Adjusted prices.



>>
Quote from: stockraider on November 20, 2011, 10:25:19 PM
Affin PE beat Public Bank....!
Affin Price to book value beat Public Bank....!
Affin dividend yield beat public Bank.....!

ONLY AFFIN REPUTATION & TRACK RECORD LOSE TO PUBLIC BANK......!

IN INVESTMENT.....U CAN ASSEMBLE.....A FOOTBALL TEAM.....BASE ON ALL SUPERSTAR REPUTATION AT A VERI EXPENSIVE PRICE LOH....!

OR U CAN BUILD UP A TEAM BASE ON ROOKIES FROM STRETCHED LIKE QUEEN PARK RANGES.....AT A MODEST VALUE.....LOH....!

ONCE A WHILE THIS MODEST ROOKIE TEAM MAY EVEN BEAT MANCHESTER UNITED MAH....!

WE ARE GOING FOR VALUE & NOT REPUTATION.....THEREFORE AFFIN VERI ATTRACTIVE LOH....!

>>>>

Posted by Icon8888 > 2019-07-26 19:21 | Report Abuse

everytime I can't sleep I will read his postings

And very soon will zzzzzz

Posted by Icon8888 > 2019-07-26 19:21 | Report Abuse

Snore snore

Posted by Haw Liao > 2019-07-26 19:38 | Report Abuse

lol... try to give respect...

want to trade for a living, trade like him

Posted by 3iii > 2019-07-26 21:51 | Report Abuse

Quote from: iiinvestsmart on September 02, 2011, 08:04:19 AM


http://www.youtube.com/watch?feature=player_embedded&v=RGWPRju7dnw#!


http://www.youtube.com/watch?feature=player_embedded&v=MFw63ZyXMI4

Market ought to be irrelevant to your investing.
I made money in lousy market and I lost money in good market.

Posted by 3iii > 2019-07-26 21:57 |

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Posted by 3iii > 2019-07-26 22:00 | Report Abuse

Quote from: iiinvestsmart on August 30, 2011, 11:14:35 PM

Warren Buffett is wired very differently from others. He is intelligent. He has the right philosophy and strategy. He is very clear in his thinking. It always amazes me that he is able to think in simple terms on very complicated matters or issues.

He did say that when he buys a stock, the stock market can close for 5 years and it wouldn't matter to him. Essentially, when he buys the stock, he is not hoping to make money from the stock market. He is actually buying the company that the stock represents, and investing in businesses. His returns are from the earning power and dividends delivered by the businesses of the companies he invests into.

This is very different from the 90% of "investors" in the stock market. They are hoping to profit from the stock market, hoping to buy low and hoping to sell higher.




Compare the post above with the post below. :-)



Quote from: stockraider on August 30, 2011, 10:27:23 PM

U all must understand mkt dynamic....when there is structural change....share value will change loh...!
Must be panlai like raider loh...!
After change....still can make monies loh...!
then only panlai loh...!

Posted by 3iii > 2019-07-26 22:03 | Report Abuse

Quote from: iiinvestsmart on August 16, 2011, 03:04:45 PM
The danger with any stock investment is that it will not perform, that the share price won't increase, that it will drop like a rock, taking our capital with it.

Borrowing money to invest in a risky investment is a sure way to eventually go broke.




Quote from: iiinvestsmart on August 16, 2011, 03:39:13 PM

Only if you can get the board to act in your interest. Are you able to influence the board of this company to do your agenda?

Posted by 3iii > 2019-07-26 22:06 | Report Abuse

Quote from: iiinvestsmart on August 15, 2011, 10:19:46 PM

Margin of safety is not just in the valuation. It also includes qualitative factors. To me, if the company fails the qualitative aspects of my evaluation, I often wouldn't bother even to waste time valuing it (except for academic purpose only).

Posted by 3iii > 2019-07-26 22:11 |

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Posted by 3iii > 2019-07-26 22:21 | Report Abuse

Quote from: iiinvestsmart on July 27, 2011, 12:06:25 PM


Philip Fisher's Wise Words

"The refusal to sell at a loss, while completely natural and normal, is probably one of the most dangerous in which we can indulge ourselves in the entire investment process.

More money has probably been lost by investors holding a stock they really did not want until they could 'at least come out even' than from any other single reason. If to these actual losses are added the profits that might have been made through the proper reinvestment of these funds if such reinvestment had been made when the mistake was first realized, the cost of self-indulgence becomes truly tremendous."

(Common Stocks and Uncommon Profits)

Posted by 3iii > 2019-07-26 22:30 |

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Posted by 3iii > 2019-07-26 22:34 |

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Posted by 3iii > 2019-07-26 22:37 |

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Posted by 3iii > 2019-07-26 22:43 | Report Abuse

Quote from: stockraider on July 02, 2011, 01:19:13 PM

Lets look into Nestle...a top quality company with growth loh...at Rm 48.00.........at this level PE 28x, dividend yield 3%...NTA Rm 2.70....!

Raider ask....where is the margin of safety leh ? What happen growth slowed, interest rate increase and dividend receive reduce leh ? Where is the defensive anchor leh ?
Those....buying is hoping...EPS & DPS will catch up with paying high.........share price loh...! But there is a limit loh...!

Now u compare with analabs....at price Rm 1.69....other than this is a small company, not well known brand........it beat Nestle on all aspect of undervaluation loh....! Got NTA Rm 2.50 PE 5.5x & DPS Rm 0.05....loh....! Small company growth aspect faster so more loh....don forget net cash mah...!





Today

Analab is 1.06 per share

Nestle is 140+ per share.

Posted by freddiehero > 2019-07-26 22:45 | Report Abuse

haha.. very nice

Posted by 3iii > 2019-07-26 22:45 |

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Posted by 3iii > 2019-07-26 22:50 |

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Posted by 3iii > 2019-07-26 22:54 | Report Abuse

》》》》

Quote from: stockraider on July 02, 2011, 01:43:54 PM
Raider agree to pay more for a well known name & brand loh....! But paying PE 28x Nestle v 5.5x Analabs....don u think too high a price to pay ? Maybe 13-14x PE acceptable loh.....!

The key is still margin of safety and what is your defensive anchor loh...!
Afterall investment....is all about figure....how much more is paying too much for the name loh...






Quote from: stockraider on July 02, 2011, 01:07:48 PM
A good example of people miss use of growth will result veri acceptable high valuation...on the pretext of strong growth loh...! Just take Bumi Armada.......IPO......PE 19x....0.33 NTA............at Price Rm 3.15 on the pretext of growth....the analyst and investing public can accept loh...!

But then....Bumi Armada....is already a big company....how much growth leh ? Is it sufficient to catch the 2 birds in the bush leh ?

Yes look for value 1st....! Then growth the supplementary.....some time growth company valuation may drop due to mkt sentiment loh....!

The best....is buy into a value company.....which subsequently transform to growth company loh...! Raider like Leno pick on analabs.....a good example of value to growth loh...!

》》》》




Quote from: iiinvestsmart on July 02, 2011, 12:59:51 PM
Leno,

The most important aspect is to assess the quality of the company.
Often, I wouldn't bother with the valuation of such stocks that do not meet my quality criteria.
Time is better spend searching for high quality companies.

As you are happy with your stock portfolio performance, stay with your strategy of deep value investing.
However, always stay with high quality (preferably, growth) companies.
You may wish to review the relative performances of Hing Yiap and Padini again.

A very cheap stock maybe the most overvalued!!!!!
You would have encountered the above circumstances on numerous occasions.

Posted by 3iii > 2019-07-26 22:55 | Report Abuse

Quote from: iiinvestsmart on July 02, 2011, 12:09:06 PM

WHY invest at all, if not because of value. :)

Therefore, growth investing and value investing are 2 sides of the same coin; they are joined at the hip. :)

Irrespective whether it is growth or value investing, always select good quality stocks.

I prefer to invest in high quality growth companies, having businesses with durable competitive advantages, bought at fair prices or bargain prices. :)

Posted by 3iii > 2019-07-26 23:00 | Report Abuse

Quote from: stockraider on July 02, 2011, 11:02:01 AM

This point...raider disagree.....loh...! Always invest in huge undervalue company with high margin of safety & low gearing & preferably dividend paying.....this is a sure fire & easy way of investment.

Yes Raider agree that investment Growth company is also profitable if done properly mah !....but it is the 2nd best tech....raider use loh ! Why ?

1) Growth rate are difficult to establish....as the company grow bigger...its grow rate will slow....bcos of sheer size, competition and product life cycle. Alot people(esp analyst) mistakenly superimpose the same past growth rate in the future.!
Bcos this complication....raider think....this method can only be the 2nd best tech in the pecking order of fundamental money making loh....!

Posted by 3iii > 2019-07-27 11:39 |

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Posted by 3iii > 2019-07-27 11:39 | Report Abuse

Looks like raider is the king of value traps. :-)

Posted by Icon8888 > 2019-07-27 11:44 | Report Abuse

3iii is the king of empty talks

Posted by 3iii > 2019-07-27 12:12 |

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Posted by 3iii > 2019-07-27 12:21 | Report Abuse

Understanding Value Traps

If you believe a stock has an a true ("intrinsic") value, you will try to buy it below that level (when it's "cheap"). So why sell if it gets even cheaper.

A stock that stays at a large discount to intrinsic value is a "value trap". It's an important issue for value investors and there are are few methods of avoid value traps.

One way to avoid a value trap with a cheap stock (like Benjamin Graham liked) is to buy them with catalysts, i.e. new management or new plans to unlock that value through buybacks, dividends, or sale/merger.

The best way to avoid a value trap is to buy a growing business that increases value over time.

Posted by 3iii > 2019-07-27 12:23 | Report Abuse

A value trap refers to a stock that looks cheap, probably is cheap, and stays inexpensive forever. It never appreciates because nothing really changes -- there‘s no growth or things don‘t get better. For some companies, it is difficult to change. The only way to make money is if they are acquired, which may never happen.

Posted by 3iii > 2019-07-27 12:32 | Report Abuse

Value Play or Value Trap?

If it's obvious that a company is trading for less than its book value, you have to ask yourself why other investors haven't noticed and pushed the price back to book value or even higher. The P/B ratio is an easy calculation, and it's published in stock summaries on any major stock research website. The answer could be that the market is unfairly battering the company, but it's equally probable that the stated book value does not represent the real value of the assets.


http://myinvestingnotes.blogspot.com/2009/04/book-value-theory-vs-reality.html