Posted by 3iii > 2019-07-27 13:20 | Report Abuse

One of the most important lesson that we can learn from raider's interactions of the last decade:

Buffett is right. It is better to own a wonderful company at a good price than a good company at a wonderful price.

Posted by enigmatic [Breaker of Speculative Investing] > 2019-07-28 01:20 | Report Abuse

Big thanks to 3iii for educating forumers. Many newbies make the mistake of speculating, or 'main hentam' when they should have done their homework first.

Posted by cuhar > 2019-07-28 10:16 | Report Abuse

thanks 3iii for these posts . very informative and useful for trading in the stock market.

Posted by stockraider > 2019-07-29 10:07 |

Post removed.Why?

Posted by stockraider > 2019-07-29 10:11 | Report Abuse

Value trap is holding on overvalue Nestle at above Pe 50x & dividend slightly more than 1%pa loh....!!

The company stucked in this range of Rm 140 to Rm 150 for more than a yr..!!

Under this circumstances what u hope for in nestle when Pe 50x and dividend yield slightly more than 1% pa leh ??

Do u think nestle will double to Rm 300 per share in the next 6 yrs leh ??

Very unlikely loh...!!

Posted by 3iii > Jul 27, 2019 12:23 PM | 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.


3iii
6207 posts
Posted by 3iii > Jul 27, 2019 12:32 PM | 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.

Posted by kelvin > 2019-07-29 10:15 | Report Abuse

stockraider , you still dare to comments after 2 of your holland buy

1. bjcorp
2. hengyuan

Posted by stockraider > 2019-07-29 10:22 |

Post removed.Why?

Posted by stockraider > 2019-07-29 10:26 | Report Abuse

Hengyuan i already tell u all to lari kuat kuat at Rm 13.00 but people like u refuse to listen, what could i say leh ??

Raider can only feel pity for u loh....!!

U cannot hold on a share forever mah, once sign of something wrong, always lari kuat kuat mah...!!

Posted by kelvin > Jul 29, 2019 10:15 AM | Report Abuse

stockraider , you still dare to comments after 2 of your holland buy

1. bjcorp
2. hengyuan

Posted by stockraider > 2019-07-29 10:39 | Report Abuse

UNDERSTANDING PHILIP WISE WORDS , IT APPLY both WHETHER U HAVE A PROFIT OR LOSS IN YOUR STOCKHOLDING MAH....!!

Posted by 3iii > Jul 26, 2019 10:21 PM | 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 or even profit (like the case of Padini}, 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 or stock that is extremely overvalue until they could 'at least come out even' or 'they think their overvalue stock folly can go on forever' than from any other single reason.
If to these actual losses or opportunity cost 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 stockraider > 2019-07-29 10:41 | Report Abuse

It is for these reasons taking advantage of MR market is very important in investment loh.....!!

Posted by stockraider > Jul 29, 2019 10:39 AM | Report Abuse X

UNDERSTANDING PHILIP WISE WORDS , IT APPLY both WHETHER U HAVE A PROFIT OR LOSS IN YOUR STOCKHOLDING MAH....!!

Posted by 3iii > Jul 26, 2019 10:21 PM | 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 or even profit (like the case of Padini}, 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 or stock that is extremely overvalue until they could 'at least come out even' or 'they think their overvalue stock folly can go on forever' than from any other single reason.
If to these actual losses or opportunity cost 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 > 2019-07-29 13:16 | 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...!

>>>>>

Analab 1.69 per share in 2011
Nestle 48.00 per share in 2011

Today (2019)
Analab is 1.06 per share
Nestle is 140+ per share.

======



Source: DYNAQUEST

Adjusted for capital changes

2011
Analab. 1.00 - 1.74
Nestle 43.34 - 57.00


2019.
Analab 0.92 - 1.24
Nestle. 143.10 - 150.60

Posted by 3iii > 2019-07-29 13:20 | Report Abuse

Source: DYNAQUEST

Adjusted for capital changes

2011
Analab. 1.00 - 1.74
Nestle 43.34 - 57.00


2019.
Analab 0.92 - 1.24
Nestle. 143.10 - 150.60



This is posted for raider’s benefit.

Raider is not honest with himself.

Let us learn from raider’s mistakes.

Who should be crowned the “King of Value Traps” in i3? :-)

Posted by 3iii > 2019-07-29 15:55 |

Post removed.Why?

Posted by 3iii > 2019-07-29 16:01 |

Post removed.Why?

Posted by stockraider > 2019-07-29 16:42 |

Post removed.Why?

Posted by 3iii > 2019-07-29 17:39 | Report Abuse

Once again, raider is not truthful.

Just check with Dynaquest the adjusted prices (adjusted for all the capital changes up to today) for Analab from 2005 to today. The lowest price of Analab ever, was 64 sen per share in year 2006.



Source: DYNAQUEST

Adjusted for capital changes

2011
Analab. 1.00 - 1.74
Nestle 43.34 - 57.00


2019.
Analab 0.92 - 1.24
Nestle. 143.10 - 150.60

Posted by 3iii > 2019-07-29 17:43 | Report Abuse

It is difficult to have a decent discussion with someone who lacks integrity.

Never mind, we can learn a lot from their mistakes too. By avoiding the same mistakes, hopefully, my investing becomes safer and more rewarding.

Posted by stockraider > 2019-07-29 17:54 | Report Abuse

U see a person like 3iii who takes info wholesale without doing proper checking will give u a bad info loh...!!

Raider already says analabs at 2011 price after the 2 bonus issue is rm 2.82 per share loh....!!

The adjusted price after 2 bonus based on 2019 is Rm 0.42 mah...!!

At the moment it is Rm 1.06 share price, still quite good loh...!!

But if u read carefully below 3iii posting lack integrity loh....!!

Analab 1.69 per share in 2011
Nestle 48.00 per share in 2011

SURELY U NEED TO ADJUST ANALABS 2011 PRICE AFTER MASSIVE BONUS ISSUE MAH....!!

If raider says Rm 1.69 analabs with 40m paid up capital in 2011....now is 160m share, what is the adj price of analabss leh ??
Ans ; Rm 0.42 loh....!! What is the current price leh ? Ans Rm 1.06


Today (2019)
Analab is 1.06 per share
Nestle is 140+ per share.

SURELY U NEED TO ADJUST ANALABS 2011 PRICE AFTER MASSIVE BONUS ISSUE MAH....!!

If raider says Rm 1.69 analabs with 40m paid up capital in 2011....now is 160m share, what is the adj price of analabss leh ??
Ans ; Rm 0.42 loh....!! What is the current price leh ? Ans Rm 1.06

Posted by 3iii > Jul 29, 2019 5:39 PM | Report Abuse

Once again, raider is not truthful.

Just check with Dynaquest the adjusted prices (adjusted for all the capital changes up to today) for Analab from 2005 to today. The lowest price of Analab ever, was 64 sen per share in year 2006.



Source: DYNAQUEST

Adjusted for capital changes

2011
Analab. 1.00 - 1.74
Nestle 43.34 - 57.00


2019.
Analab 0.92 - 1.24
Nestle. 143.10 - 150.60


3iii
6217 posts
Posted by 3iii > Jul 29, 2019 5:43 PM | Report Abuse

It is difficult to have a decent discussion with someone who lacks integrity.

Never mind, we can learn a lot from their mistakes too. By avoiding the same mistakes, hopefully, my investing becomes safer and more rewarding.

Posted by Icon8888 > 2019-07-29 18:10 | Report Abuse

3iii reads a few books and he thinks he is warren buffett

Posted by 3iii > 2019-07-29 18:15 |

Post removed.Why?

Posted by stockraider > 2019-07-29 18:21 |

Post removed.Why?

Posted by 3iii > 2019-07-29 19:28 |

Post removed.Why?

Posted by 3iii > 2019-07-29 19:29 |

Post removed.Why?

Posted by 3iii > 2019-07-29 19:33 |

Post removed.Why?

Posted by stockraider > 2019-07-29 19:34 |

Post removed.Why?

Posted by 3iii > 2019-07-29 19:37 | Report Abuse

History never repeats but it does rhyme.

OMG, Hengyuan play was just a repeat of a similar play few years earlier.



>>>

Free For All / Re: ESSO FY 2010 eps a whoping 95 sen !! Trading at PE 3 ! MUAHAHAHA ! BEST !
« on: February 25, 2011, 08:09:48 PM »

Quote from: bb on February 25, 2011, 08:01:22 PM
Refining is a tough industry. Unlike exploration and extraction of oil, the profit margin in refining is thin (gross margin 0.36% to 7.2% in the past). Esso's earnings were very erratic (volatile). Some of the big profitable years were due to inventory gains. At certain years, they experienced losses, also due to large inventory loss.

In view of the volatility of earnings, how useful is the PE in valuing this stock? At most, I can only say that the low PE is due to the earnings increasing faster than the price. There is a reason why the price isn't increasing faster or in tandem with earnings, despite the better reported earnings. You may wish to think this through yourself.

What about its free cash flow? Well, certainly for this quarter, the FCF was very good. However, it was largely used to pay down its huge borrowings (check its gearing ratio or leverage : nett borrowings / shareholder equity - this was above 1.5 in the past years).

Profiting from this cyclical stock requires special skills in timing, when to buy and when to sell, best left to those who think they have this ability.

>>>>

Posted by stockraider > 2019-07-29 19:44 | Report Abuse

Hengyuan i already tell u all to lari kuat kuat at Rm 13.00 but people like u refuse to listen, what could i say leh ??

Raider can only feel pity for u loh....!!

U cannot hold on a share forever mah, once sign of something wrong, always lari kuat kuat mah...!!



(Common Stocks and Uncommon Profits)

Posted by stockraider > Jul 29, 2019 10:41 AM | Report Abuse X

It is for these reasons taking advantage of MR market is very important in investment loh.....!!

Posted by stockraider > Jul 29, 2019 10:39 AM | Report Abuse X

UNDERSTANDING PHILIP WISE WORDS , IT APPLY both WHETHER U HAVE A PROFIT OR LOSS IN YOUR STOCKHOLDING MAH....!!

Posted by 3iii > Jul 26, 2019 10:21 PM | 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 or even profit (like the case of Padini}, while completely natural and normal, is probably one of the most dangerous in which we can indulge ourselves in the entire investment process.

Posted by 3iii > Jul 29, 2019 7:37 PM | Report Abuse

History never repeats but it does rhyme.

OMG, Hengyuan play was just a repeat of a similar play few years earlier.

Posted by 3iii > 2019-08-05 19:14 | Report Abuse

Xxx

Posted by stockraider > 2019-08-05 19:40 |

Post removed.Why?

Posted by 3iii > 2019-08-08 09:50 | Report Abuse

xxx

Posted by 3iii > 2019-08-08 09:51 | Report Abuse

Property counters



1. Land held for development.

2. Land being developed and properties for sale.

3. Investment properties held for rental income.

Posted by 3iii > 2019-08-08 09:55 | Report Abuse

How are shareholders rewarded when they are invested in property counters?


1. Distribution of realisable profits as dividends from successful development.

2. Distribution of investment income as dividends from properties held as investment.

Posted by 3iii > 2019-08-15 09:36 |

Post removed.Why?

Posted by 3iii > 2019-08-15 09:42 | Report Abuse

Monitor the insiders buying activities ....

This can be a profitable exercise.

Posted by 3iii > 2019-08-15 20:27 | Report Abuse

How to profit from the next crisis?


http://myinvestingnotes.blogspot.com/2019/08/the-biggest-lie-in-investing-that-you_15.html

Posted by Moore > 2019-08-16 12:50 | Report Abuse

Anyone knows trading course which teaches proprietary trading, besides Snap Academy?

Posted by stockraider > 2019-08-16 13:01 |

Post removed.Why?

Posted by 3iii > 2019-08-17 07:37 | Report Abuse

Question: What is the most important thing in investing and in life that you have learned in the past 50 or so years? Answer: Honesty is the best thing you could have.

Walter Schloss

Posted by 3iii > 2019-08-17 07:48 |

Post removed.Why?

Posted by freddiehero > 2019-08-17 07:54 | Report Abuse

wah.. top 10 best sifu ka? kakaka..

Posted by stockraider > 2019-08-17 12:00 | Report Abuse

I doubt 3iii really a value investor, the way he says Nestle Pe 50x a stock to invest really confirm his dishonesty mah...!!

I hope 3iii, do not send people to holland like in the case of his call on Padini falling from above Rm 6.00 to close to Rm 3.00.

On the issue of honesty on calvin call on Uzma, i think calvin make a good call on uzma at its low and those who follow him yesterday will really benefited, bcos uzma jump up about 7% yesterday mah...!!

Surely calvin got good intention sharing with i3 members not like what dishonest 3iii trying to paint calvin as bad mah..!!

Uzma nta about rm 1.54, trading at PE 9x and with shareholders funds growing every year, all these showed uzma a potential margin of safety stock loh.....!!

Raider has no exposure on uzma, but raider find uzma has the same potential of appreciation like bjland a margin of safety stock loh..!!

Remember it is not quality or growth stock u pay...it is how much margin of safety u get, the bigger the safer your return loh...!!


Posted by 3iii > Aug 17, 2019 7:40 AM | Report Abuse

Question: What is the most important thing in investing and in life that you have learned in the past 50 or so years?

Answer: Honesty is the best thing you could have.

Walter Schloss

Walter Schloss conducted a recorded video / audio presentation at the Richard Ivey School of Business’ Benjamin Graham Center for Value Investing.

Posted by stockraider > 2019-08-17 12:06 |

Post removed.Why?

Posted by 3iii > 2019-08-17 15:41 |

Post removed.Why?

Posted by calvintaneng > 2019-08-17 15:47 | Report Abuse

I just got the real interpretation for 3iii

Inferior complex.
Trying to boost his own low self esteem by belittling others

Irrelevant
Concepts and stocks outdated and overvalued
No new recommendations for the last 5 years

Instigator
Having no relevant positive stocks to recommend he goes round as a busybody

Better stay far away from this undesirable 3iii

Posted by calvintaneng > 2019-08-17 15:52 |

Post removed.Why?

Posted by 3iii > 2019-08-17 15:52 | Report Abuse

Calvin

I just highlighted a few points on UZMA based on facts.
You either agree or disagree.
Be rational.


3iii

Posted by 3iii > 2019-08-17 15:57 | Report Abuse

How to build up a portfolio of multi-baggers?

You must select those companies that can grow earnings over a very long time.

You must be able to hold them long term and not be frightened out of them over the short term by their price fluctuations.

Focus on their businesses and less on their market prices.

Do you need to sell when their market prices are too high? Yes, you may wish to sell SOME. But you will still be fine NOT SELLING during this period. The most important thing to remember is NEVER BUY THEM AT HIGH PRICES. In the long term, either strategies are safe.

The above applies only to very high quality growth companies; those with businesses having durable competitive advantage.

Posted by 3iii > 2019-08-17 15:59 |

Post removed.Why?

Posted by stockraider > 2019-08-17 16:11 | Report Abuse

This concept alot of people understand but u must buy it at reasonable price loh.....!!

If a stock is highly overvalue, it is highly difficult to justify mah..!

Even if u look at Nestle it was about Rm 147 to Rm 150 in December 2018, and currently about rm 149 loh...!!

Ask yourself how much is earn on nestle since DEC 2018 leh ??
Dividend yield of 2% plus roughly 0.6% on capital appreciation a return of about 3% pa loh....!!

U call this great return ah ?? Even if u buy into insas, its return is more than 10% far out perform nestle loh...!!

Why nestle cannot perform leh ??
Ans; Overvalue with PE 50x loh.....this is not sustainable mah....!!

Also the strategy of quality stock is never buy it at high overvalue prices, but if u look into all the quality stock this 3iii touted all is at high price mah, margin of safety investment different mah, it allow u to buy at huge undervalue prices mah....!!

Posted by 3iii > Aug 17, 2019 3:57 PM | Report Abuse

How to build up a portfolio of multi-baggers?

You must select those companies that can grow earnings over a very long time.

You must be able to hold them long term and not be frightened out of them over the short term by their price fluctuations.

Focus on their businesses and less on their market prices.

Do you need to sell when their market prices are too high? Yes, you may wish to sell SOME. But you will still be fine NOT SELLING during this period. The most important thing to remember is NEVER BUY THEM AT HIGH PRICES. In the long term, either strategies are safe.

The above applies only to very high quality growth companies; those with businesses having durable competitive advantage.

Posted by calvintaneng > 2019-08-17 16:14 |

Post removed.Why?