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Author: Philip ( buy what you understand)   |   Latest post: Sun, 5 Dec 2021, 7:44 AM

 

Traders versus Investors and how to buy palm oil @innoprise plantations 14.5% dividend

Author: Philip ( buy what you understand)   |  Publish date: Sun, 5 Dec 2021, 7:44 AM


Philip here.

 

One of the interesting discussions recently on my group was qqq repeating that my performance in 2021 doesn't match my returns in 2020 and 2019. His so called trading gains had far outpaced my investing returns.

 

At first glance it may be true. However if you think further about it, you will quickly realize that traders and those trading gurus fail to show their trackable portfolio, preferring to show just the percentage gain on certain top stocks. Why is this so?

 

Compounding. Ask any child what is 137 X 14.5 and they would probably be able to calculate it quickly. Ask the same child to do 137^14.5, and they will find it hard to do the math. Why is this so? Our brain seems to find it hard to do exponentials. Remember the king who rewarded a young man with any request, and he requested to put 1 grain of wheat for every square on a chess board, doubling the amount each time. In the end the king lost his entire wheat supply to the boy.

 

The point I'm trying to make here is that we find it very hard to grasp the idea of compounding. Same with trading versus investing. Trading seems to make better money faster, while investing is much much slower and more borrowing. However why is it that the richest people are those who just buy and hold onto a few great stocks and make their millions? The answer is simple: cost of shares.

 

You see in trading you only look at capital gain. Buy high, sell higher. Total return only. Very simple and clear cut to look at. But in investing it becomes more complicated. You have to add in share splits, free warrants, dividends, bonus shares and spin-offs etc as you hold over a long period of time. This gets very very complicated over time. So how do you simplify this to something traders can understand?

 

Cost of shares. Luckily i3 portfolio has a very simple and good tool for tracking your portfolio, I highly suggest you use it, they have very useful breakdowns and performance markets that can accurately show you how much you actually make over time in a stock.

 

COST OF SHARES.

 

If you take a look at my open portfolio and go to transaction group under pchem which is my biggest position at about 40% of my portfolio, you will notice that as time passed by, my holding cost is steadily going lower thanks to share price increase as well as constant dividends which I am receiving.

RM4.428 is my holding cost, as I average down over time, and receive constant dividends to wait...

 

This is a very important fact as many people ask my why I do not sell my QL and yinson etc. My cost basis for ql is less than 500k, and yinson was less than 2m over time. Why sell? It is practically free, the companies is growing in revenue and building more factories warehouses and sold, and I am paid a very good dividend to wait. All we have to do is BUY AND HOLD.

 

Meanwhile, those that do trading have to keep looking at their cost structures of stamping fees, and bank fees, and personal tuition fees due to trading losses. All the while being worried that IRB will pop up one day and say your active trading counts as a business and is fully taxable as a business income at 24%. Try explaining that away to IRB when the time comes. For me it is simple, I make less that 20 transactions per year, and mostly are just buy which I sell after 1 year, which then qualifies as investment and not trading. More importantly, if I find a good stock ( in this case pchem and harta and ql and yinson, I can keep piling my dividends and my capital into the same stocks over time.

 

COMPOUNDING. No one ever losses by adding their position in Apple and Tesla over time ( although finding that great company is the hard part). You basically had 15 years to buy Apple, buy do you know why Warren did and not you? Apple didn't seem like a good trading vehicle.

 

So in the end, how does one trade? I realize I have been doing some itchy fingers in trading versus investing( it is boring to watch paint dry), in buying some short term stocks, but I always remember to keep it below 1% of my portfolio. Just to fill that itch and excitement of dopamine rush when you trade stocks. It is sad when buying 10 million in harta is boring for me and didn't even give me any dopamine rush, while buying 100k in innoprise plantations gives me a heart attack. Such is risk. I feel like James bond in an island with a missile coming down on my head. Will I die and lose everything?

 

Which brings me to my second part. Margin of safety.

 

This ties into why I bought innoprise plantations. This was brought up by aswen and jack before, as well as the dreaded Calvin tan. He has been going around promoting every palm oil stock, which is silly and dangerous as he is based in Singapore which doesn't have palm oil, and he has probably never been to a plantation before and doesn't realize that pain oil is even a commodity.

 

If you look deeper into my portfolio you will quickly realize that my trades are usually into comparative analysis with commodity prices and trades like steel, shipping, vaccines and recently palm oil. I made some good money in steel, sold to early in dksh but it is all with the realisation that these are transitory businesses. Hiaptek had crashed, harbour has crashed, palm oil prices will definitely stabilize. Not everything Calvin says is true, and palm oil will definitely go back down sooner or later.

 

Meanwhile, I go in and buy innoprise plantations. It is a trade don't make any mistake, but more of a swing medium turn trade where every quarter you get paid a very nice dividend.Palm oil is now at 5000+, more than double what it was. My own small farm has solved it's worker issues and running full steam ahead.

But why Innoprise? Well it's condition is very unique compared to many other players. The structure is owned by the Sabah Foundation 60% which relies on dividends to run the yayasan activities. Instead of having a full arm of managers and workers and blood sucker directors receiving huge pay checks, as a listed company YS has done a very smart thing in minimizing the cost structure running it more like a reits and letting its thousands of hectares to be managed by other palm oil professionals. It can thus maintain a 80% dividend payment scheme to shareholders. You happy. I happy. We all happy.

 

How much would you pay for a company with no debt, very stable and simple management, a 14.5% dividend yield, and current asking prices rm1.37, which pays you dividend like clockwork. At 6 cents dividend for latest quarter, you quickly realize the type of trades that I like to make.

 

Low risk, low problems.

 

How much is your cost of trade?

 

FYI the new financial controller for yayasan Sabah is Joshua, who used to be the ambank boss. Very smart guy. He has some good ideas indeed for innoprise plantations. I wish him all the best and hope he gets to turn around YS back to its glory days.

 

https://klse.i3investor.com/servlets/pfs/120720.jsp

 

 

 

This is my trackable portfolio over 3 years now published openly on i3 investor for all to see my actual performance over time. It cannot be deleted and you can take screenshots to see if I I trade what I do. I truly believe this should be a standard and minimum requirement for any "guru" selling investment course or classes. If we can make fund managers and hedge funds post their audited returns and p/l, I'm sure all those tyyaps and other FINANCIAL education programs sellers should be audited to show their minimum 5 year returns in the stock market.

 

Surprised and sad why this is not a requirement, as stock market is becoming more and more unregulated by the day

 

 

 

 

 

 

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ikanbilis20 thanks for sharing!
05/12/2021 8:56 AM
stockraider THE DANGER FAKE SENSE OF CONFIDENT THIS PHILIP HAS PROJECTED!

Alot of People would have remember Raider had a bet with Philip on QL Rm 6.70 v Insas Rm 0.67 for 2 years loh!
FYI raider had beaten Philip on this for consecutive year 1 & year 2 plus overall win loh!

The main reason why Raider decide to bet is due to arrogrance of Philip belittling Insas & Sifu Sslee which is a very sound margin of safety investment pick loh!

True to raider analysis Insas turn out a better investment than QL loh!
Yes QL is a good company but this Philip has no sense of value by over paying for this stock mah!. Remember W.Buffet says never over pay on your investment bcos it will drag down your return mah!
The valuation metrics of QL do not support QL share price when he bet with Raider loh!

Coming back to Innoprise, Philip recent pick...u will have notice that sifu calvin also promoted this stock loh! As usual General Raider agreed with most of sifu calvin palmoil stock selection as sound especially TAANN and BPlant but Innoprise is one of the few stock in which Raider has big reservation despite giving good decent dividend yield of 7% to 8% pa far exceed most plantation loh!

Why leh ?
1. Innoprise is a concession or Business Reits with very short term expiry coming in about 8 years term....meaning in 8 years time Sabah foundation can just take back their land by not renewing the concession loh!
2. There is a dispute between Sabah foundation and Innoprise on the quantum of the lease rental for the land that innoprise suppose to pay loh! This the sabah govt said Innoprise under paid them for many years loh! If Innoprise will to make good of this payment for many years, the company will not report such a good result anymore loh!
3. Given such a major dispute with the sabah govt the risk of non renewal of the concession is extremely high loh! Even renewed there will be big back payment & much higher future lease Rental needed that will affect its attractiveness of this stock.
4. Most Plantation own their lands with only a few exception like FGV and Innoprise operate on a concession basis loh! Under this model this company does not really benefit from appreciation of land prices which is a natural hedge against inflation mah!

Coming back another Philip high risk pick is yinson! This is touted by Philip as one of the best investment....u will need to becareful on Yinson loh!
1. Yinson has very high borrowings mah!
2. The FPSO has very long gestation period loh!
3. Oil & Gas have negative ESG and the trend are to shunned this type of business in the long run loh! What happen oil & gas collapse, yinson customer can usually just walk away leaving the company to carry the bags loh! This has happened b4 in the case of Armada loh!

I believe Yinson risk is like Serba loh....just be very careful when u look at Yinson...as based on past records Philip analysis had missed many critical area & his analysis are superficial with flaws as in the case of serba & scib. Philip is actually a high risk taker mah!

It is best u go for TAANN if u want to invest base on dividend yield as this stock can give 6%pa to 7%pa but if u want capital gain on land appreciation Bpland is the pick as it has big track of potential commercial & residential land at the cost of plantation mah. Its dividend yield also quite decent at 4% pa to 5% pa loh!
The above stocks is also calvin sifu pick loh!
05/12/2021 11:18 AM
Philip ( buy what you understand) You do realize that innoprise is owned by sabah foundation right? In fact the managing director is appointed by the board of trustees of yayasan sabah. The reason for doing so is that foundation is tax free due to being a foundation, while innoprise is the main sabah foundation subsidiary that is allowed to do business. YS can only receive dividends as part of its requirement to being a foundation, so there is no such thing as taking back as it already "belongs" to yayasan sabah.
05/12/2021 4:12 PM
Philip ( buy what you understand) Why are you trying to promote your stocks in other people's write up?
05/12/2021 4:12 PM
stockraider U R the shareholder of Yayasan sabah or the Shareholder of innoprise mah ?

If u r the shareholder of yayasan sabah than there is no question of taking back of the palmoil land....bcos the land belong to yayasan sabah maH!

The key point for Innoprise are;

1. Innoprise is a concession or Business Reits with very short term expiry coming in about 8 years term....meaning in 8 years time Sabah foundation can just take back their land by not renewing the concession loh!
2. There is a dispute between Sabah foundation and Innoprise on the quantum of the lease rental for the land that innoprise suppose to pay loh! This the sabah govt said Innoprise under paid them for many years loh! If Innoprise will to make good of this payment for many years, the company will not report such a good result anymore loh!
3. Given such a major dispute with the sabah govt the risk of non renewal of the concession is extremely high loh! Even renewed there will be big back payment & much higher future lease Rental needed that will affect its attractiveness of this stock.
4. Most Plantation own their lands with only a few exception like FGV and Innoprise operate on a concession basis loh! Under this model this company does not really benefit from appreciation of land prices which is a natural hedge against inflation mah!

Posted by Philip ( buy what you understand) > Dec 5, 2021 4:12 PM | Report Abuse

You do realize that innoprise is owned by sabah foundation right? In fact the managing director is appointed by the board of trustees of yayasan sabah. The reason for doing so is that foundation is tax free due to being a foundation, while innoprise is the main sabah foundation subsidiary that is allowed to do business. YS can only receive dividends as part of its requirement to being a foundation, so there is no such thing as taking back as it already "belongs" to yayasan sabah.
05/12/2021 4:41 PM
stockraider The counters i mentioned is related to palmoil stocks and comparable to innoprise business mah!

Bcos u bad mouthed sifu calvin, simply promote palmoil counters here....then u should be open when people are critical of your palmoil picks mah!?

Lu tau boh ?

Posted by Philip ( buy what you understand) > Dec 5, 2021 4:12 PM | Report Abuse

Why are you trying to promote your stocks in other people's write up?
05/12/2021 4:49 PM
cemertugus Innoprices corporation Sdn Bhd own by Sabah foundation and they hold more than 50% share in Innoprice Plantations Berhad. They also received dividend. if they request big dividend we as shareholder also get the same which are good.

Nothing to worry, Agreement between Innoprices corporation Sdn Bhd (Serijaya) and Sabah Gov (Benta Wawasan) already extended to 60 years to develop 22,763 hectares land and i personally dont think they will take back the land since Sabah Foundation hold Inno share. What they can do is to entered into supplementary agreement.

in addtional cold eye also hold inno share. hihihihi
05/12/2021 10:02 PM
Philip ( buy what you understand) Correct, which is why I bought innoprise plantations. Stockraider half past six simply talk just to hear his own sound without knowing why lengyuen also buy inno and not taan nonsense.

But you have to realize why YS is also applying for additional 15k hectares state land adjoining to give to inno plant again within the next few years

>>>>>>>>>>

Nothing to worry, Agreement between Innoprices corporation Sdn Bhd (Serijaya) and Sabah Gov (Benta Wawasan) already extended to 60 years to develop 22,763 hectares land and i personally dont think they will take back the land since Sabah Foundation hold Inno share. What they can do is to entered into supplementary agreement.

in addtional cold eye also hold inno share. hihihihi
05/12/2021 10:02 PM
06/12/2021 8:02 AM
stockraider Pakai otak think lah!

As usual philip only look at the superficial at positive side without obvious assessing without assessing the negative high risk mah!

1. Innoprise is a concession or Business Reits with very short term expiry coming in about 8 years term....meaning in 8 years time Sabah foundation can just take back their land by not renewing the concession loh!
2. There is a dispute between Sabah foundation and Innoprise on the quantum of the lease rental for the land that innoprise suppose to pay loh! This the sabah govt said Innoprise under paid them for many years loh! If Innoprise will to make good of this payment for many years, the company will not report such a good result anymore loh!
3. Given such a major dispute with the sabah govt the risk of non renewal of the concession is extremely high loh! Even renewed there will be big back payment & much higher future lease Rental needed that will affect its attractiveness of this stock.
4. Most Plantation own their lands with only a few exception like FGV and Innoprise operate on a concession basis loh! Under this model this company does not really benefit from appreciation of land prices which is a natural hedge against inflation mah!

Why there is a very high chance the concession will not be renewed leh ?

The Board or the Govt feel that Inno try to cheat them by changing the agreement in 2019 with the management thats why it was rejected by the Board Of Directors of the Govt side loh!

Even if the rental is renewed there will be huge compensation for past payment plus very much higher rental to be paid mah!

That means very uncertainty loh!

Lu tau boh ?


Posted by Philip ( buy what you understand) > Dec 6, 2021 8:02 AM | Report Abuse

Correct, which is why I bought innoprise plantations. Stockraider half past six simply talk just to hear his own sound without knowing why lengyuen also buy inno and not taan nonsense.

But you have to realize why YS is also applying for additional 15k hectares state land adjoining to give to inno plant again within the next few years

>>>>>>>>>>

Nothing to worry, Agreement between Innoprices corporation Sdn Bhd (Serijaya) and Sabah Gov (Benta Wawasan) already extended to 60 years to develop 22,763 hectares land and i personally dont think they will take back the land since Sabah Foundation hold Inno share. What they can do is to entered into supplementary agreement.

in addtional cold eye also hold inno share. hihihihi
05/12/2021 10:02 PM
06/12/2021 8:15 AM
Sslee Good morning Philip,
What happen to StoneCo NASDAQ:STNE https://g.co/kgs/YYnk8e

Are you still holding Stoneco?
06/12/2021 8:33 AM
Philip ( buy what you understand) Yes, in fact after selling the big sum previously at 82, now buying back shares at 15+ due to Brazil problems with their version of CTOS which causing losses to the credit lending portion of their digital bank portion( to revamp again by Brazil government) and omicron fears for business. Time for cheap sales again due to economic worries. Don't worry, stoneco growth and profits still very good, just because of China won't drag it down.
06/12/2021 8:56 AM
Philip ( buy what you understand) Innoprise board is all appointed by sabah foundation. In fact our CM is the chairman of both sabah foundation and innoprise. What are you talking about?

>>>>>>
stockraider Pakai otak think lah!
06/12/2021 8:59 AM
Philip ( buy what you understand) Why your stories always talk halfway one? The dispute is between the JV companies of innoprise ( and other investors) and state government where innoprise help to obtain the land from government, but those west Malaysian companies who JV with innoprise to run the business just need to pay the premium for land conversation to CL. All they need to do is pay rm500 per acre. 10,000 acres of land just need to pay 5 million and can get bank charge. However as this takes time to convert at land and survey many of them start business first, but when time comes to pay premium the JV companies suddenly no money. 50k to get 100 acres of land for free I think it's very cheap.

This is the problem here. Premium. Not whatever magic stories you are telling. Keyboard warriors la you. Don't know anything about sabah simply talk cock.

>>>>>>>
2. There is a dispute between Sabah foundation and Innoprise on the quantum of the lease rental for the land that innoprise suppose to pay loh! This the sabah govt said Innoprise under paid them for many years loh! If Innoprise will to make good of this payment for many years, the company will not report such a good result anymore loh!
06/12/2021 9:04 AM
stockraider Go & read the Dispute properly lah!

Do not confuse mah!

The Board Of Directors....of the opposing side ...hold the interest of the plantation land with the GOVT & not INNO... mah!

INNO is a sub subcon loh!


Posted by Philip ( buy what you understand) > Dec 6, 2021 8:59 AM | Report Abuse

Innoprise board is all appointed by sabah foundation. In fact our CM is the chairman of both sabah foundation and innoprise. What are you talking about?

>>>>>>
stockraider Pakai otak think lah!


Philip ( buy what you understand)
4276 posts
Posted by Philip ( buy what you understand) > Dec 6, 2021 9:04 AM | Report Abuse

Why your stories always talk halfway one? The dispute is between the JV companies of innoprise ( and other investors) and state government where innoprise help to obtain the land from government, but those west Malaysian companies who JV with innoprise to run the business just need to pay the premium for land conversation to CL. All they need to do is pay rm500 per acre. 10,000 acres of land just need to pay 5 million and can get bank charge. However as this takes time to convert at land and survey many of them start business first, but when time comes to pay premium the JV companies suddenly no money. 50k to get 100 acres of land for free I think it's very cheap.

This is the problem here. Premium. Not whatever magic stories you are telling. Keyboard warriors la you. Don't know anything about sabah simply talk cock.

>>>>>>>
2. There is a dispute between Sabah foundation and Innoprise on the quantum of the lease rental for the land that innoprise suppose to pay loh! This the sabah govt said Innoprise under paid them for many years loh! If Innoprise will to make good of this payment for many years, the company will not report such a good result anymore loh!
06/12/2021 9:11 AM
Sslee https://electrek.co/2021/12/02/toyota-partners-byd-affordable-electric-car/

Toyota partners with BYD to build affordable $30,000 electric car
Fred Lambert - Dec. 2nd 2021 3:09 pm

Will Tesla maintain it dominant position in EV?
06/12/2021 9:29 AM
joerakmo from annual report

Serijaya Industri Sdn. Bhd., the wholly-owned subsidiary of the Company, entered into the Agreement for Oil Palm

Plantation dated 18 November 2005 with Benta Wawasan Sdn. Bhd. (the licensee of the land) to develop a parcel of
land measuring approximately 22,763 hectares situated in the locality of Gunung Rara/Kalabakan, Sabah. Pursuant
to the agreement, Serijaya Industri Sdn. Bhd. is granted the permission to develop the said land into an oil palm

plantation for a period of 30 years. On 29 August 2013, the tenure for the permission to develop the said land into
oil palm plantation was extended to 60 years.
On 9 July 2018, both parties entered into a third supplementary agreement of the Agreement for Oil Palm

Plantation, whereby the subsidiary should pay rental of RM2,201,502 covering the period from year 2018 to year
2070, in an equal annual rent of RM41,538 and interest on the total outstanding rental sum at the rate of 8% per

annum on a reducing balance basis.
06/12/2021 10:11 AM
stockraider It is from this supplementary agreement the dispute started, the opposing side Directors rejected this Supplementary Agreement mah!


"plantation for a period of 30 years. On 29 August 2013, the tenure for the permission to develop the said land into
oil palm plantation was extended to 60 years.
On 9 July 2018, both parties entered into a third supplementary agreement of the Agreement for Oil Palm
Plantation, whereby the subsidiary should pay rental of RM2,201,502 covering the period from year 2018 to year
2070, in an equal annual rent of RM41,538 and interest on the total outstanding rental sum at the rate of 8% per annum on a reducing balance basis."!

THAT Means by latest 2035....they can take back the land mah!

Thats the reason why Inno pay high dividend...bcos they know they knew high chance their business going bungkus when lease expired loh!


Posted by joerakmo > Dec 6, 2021 10:11 AM | Report Abuse

from annual report

Serijaya Industri Sdn. Bhd., the wholly-owned subsidiary of the Company, entered into the Agreement for Oil Palm

Plantation dated 18 November 2005 with Benta Wawasan Sdn. Bhd. (the licensee of the land) to develop a parcel of
land measuring approximately 22,763 hectares situated in the locality of Gunung Rara/Kalabakan, Sabah. Pursuant
to the agreement, Serijaya Industri Sdn. Bhd. is granted the permission to develop the said land into an oil palm

plantation for a period of 30 years. On 29 August 2013, the tenure for the permission to develop the said land into
oil palm plantation was extended to 60 years.
On 9 July 2018, both parties entered into a third supplementary agreement of the Agreement for Oil Palm

Plantation, whereby the subsidiary should pay rental of RM2,201,502 covering the period from year 2018 to year
2070, in an equal annual rent of RM41,538 and interest on the total outstanding rental sum at the rate of 8% per

annum on a reducing balance basis.
06/12/2021 10:20 AM
stockraider But this Inno...amortise their concession over 74 years instead of over the suppose 14 yrs (expiry in 2035} loh!

As a result of lower amortization cost their....profit appear high in INNO mah!

Lu tau boh ?
06/12/2021 10:24 AM
stockraider Why the opposing side directors rejected the Supplenmental Agreement with Inno leh ??

Ans; Why got people so silly sign a fixed rental for 60 years without taking into accounts of inflation leh ?

Do u know that goreng kiautiaw 30 years ago cost less than Rm 1.00 but today cost around Rm 6.00 leh ??

There are likely to be an element of fraud in this unfair contract loh!
06/12/2021 10:35 AM
joerakmo Fraud??? where it favors the shareholders.....I like this management!
10% yield compounded over next 14 years! what not to like.
06/12/2021 11:16 AM
stockraider Fraud by the listed innoprise management taking advantage of... their opposing side who own the rights of land rights mah!
Why the opposing side directors rejected the Supplenmental Agreement with Inno leh ??

Ans; Why got people so silly sign a fixed rental for 60 years without taking into accounts of inflation leh ?

Do u know that goreng kiautiaw 30 years ago cost less than Rm 1.00 but today cost around Rm 6.00 leh ??

There are likely to be an element of fraud in this unfair contract loh!


Lu tau boh ?



Posted by joerakmo > Dec 6, 2021 11:16 AM | Report Abuse

Fraud??? where it favors the shareholders.....I like this management!
10% yield compounded over next 14 years! what not to like.
06/12/2021 11:19 AM
joerakmo @stockraider do you know exactly who 'the opposing side who own the rights of land rights mah'.Please check before u tembak.
06/12/2021 11:38 AM
cemertugus hahaha stockraider worry to much..
06/12/2021 11:47 AM
stockraider Same side but different team mah...lu tau boh ??

Thus different vested interest mah!

Why invest in a co...tipu here & tipu there in order to make money leh ?


Posted by joerakmo > Dec 6, 2021 11:38 AM | Report Abuse

@stockraider do you know exactly who 'the opposing side who own the rights of land rights mah'.Please check before u tembak.
06/12/2021 12:44 PM
Philip ( buy what you understand) Your mean yayasan sabah majority owner of innoprise plantations is cheating itself? Why would they cheat their own self? I am sure there is a reason here somewhere
06/12/2021 1:27 PM
stockraider Exactly loh....it is innoprise that appear cheating mah!

Thats why the opposing BOD rejected the supplemental agreement loh!

But whether Yayasan people are involve to be further investigated mah!

U mean if u own 40%....but if u cheat yourself, u own 100% of the cheating monies lu tau boh ?

U still make,,,,if u cheat yourself mah!

Same side but different team mah...lu tau boh ??

Thus different vested interest mah!

Why invest in a co...tipu here & tipu there in order to make money leh ?



Posted by Philip ( buy what you understand) > Dec 6, 2021 1:27 PM | Report Abuse

Your mean yayasan sabah majority owner of innoprise plantations is cheating itself? Why would they cheat their own self? I am sure there is a reason here somewhere
06/12/2021 1:33 PM
stockraider REMEMBER THIS DANGER SIGN LOH!

Why the opposing side directors rejected the Supplenmental Agreement with Inno leh ??

Ans; Why got people so silly sign a fixed rental for 60 years without taking into accounts of inflation leh ?

Do u know that goreng kiautiaw 30 years ago cost less than Rm 1.00 but today cost around Rm 6.00 leh ??

There are likely to be an element of fraud in this unfair contract loh!
06/12/2021 1:35 PM
calvintaneng This is the rating on palm oil by Calvin Tan

1. Taann
Full 100 marks

2. SOP
90 marks. If can follow Taann dividend example then 100 marks

3. Tsh
90 marks

4. Thplant
90 marks

5. Bplant
80 marks

6.Jtuasa
80 marks

,7. Fgv 80 marks
If privatised price can increase then marks will go up

8. Innoprise
80 marks
06/12/2021 2:28 PM
Philip ( buy what you understand) Cheap cars have been around in China forever. From qqq stock favorite gac, to byd, to baoling. Why does people still buy Tesla more than all other others (60% market share) in 2021?

If you could buy a 40k family sedan than can outrun a Lamborghini, would you get it? Or would you buy that cheap byd which goes from 0-60 in 9 second?

For an extra 10k with software that keeps updating itself for free? I guess you can think about it.

Tesla is value for money. They don't sell Tesla cars expensive because they can. They sell it expensive because they put the best things in it.

>>>>>
Will Tesla maintain it dominant position in EV?
06/12/2021 4:53 PM
Philip ( buy what you understand) Your master Calvin already putting 80 masks on inno. Why are you still arguing and talking nonsense. Just keep quiet and buy la. Why you want to argue so much?

Got 6 cents dividend per share no need to argue too much liao.

>>>>>>>
stockraider REMEMBER THIS DANGER SIGN LOH!

Why the opposing side directors rejected the Supplenmental Agreement with Inno leh ??
06/12/2021 4:55 PM
Johnzhang I wonder on what yardsticks Calvin assigned the marks and ranking ?

My yardsticks based on dividend, PE ,BS strength, and Management quality and my selections are limited to the mid /small cap plantations as follow: Taann, Swkpltn, MHC, Bplant, SOP, Cepat and KimLoong

THplant is doing fine with earnings (prospective 2021 PE of 5.6x) but poor in most other areas. I put in some money in it because it seem to me the most likely privatisation candidate in the very near future. Thplant has limited freefloat shares.

Due to limited capital, I don't look at the big boys who will continue to be subjected to EPF selldown.
06/12/2021 5:22 PM
joerakmo @ stockraider The supplemental agreement is signed,Pray tell your source where it is rejected; as such material information IF ITS TRUE would need to be disclosed anyways.Else its just your spinning.
Dividends are paid from taxed earnings(retained profits) whereas some companies actually borrow to pay dividends if their cash flow is good.
Tipu earnings can pay dividends meh??
06/12/2021 9:55 PM
CynicalCyan Philip's portfolio mostly consists of long term safe bets, with companies' being industry giants that have exemplary track record, which is expected to continue in the foreseeable future.

Companies like PCHEM & HARTA are among the top 10 companies with most cash in the entire BUrsa.

YINSON has huge debt, but recent years' debt for growth seems promising. It is also among the leading global FPSO companies.

UOADEV is also another property giant with property at strategic locations.

Your short-term bets are erratic though, jumping from BAUTO, PMETAL, INNO, etc.

Problem is, probably only 2% of readers would be convinced to adopt a long term safe bet portfolio like yours successfully.
07/12/2021 12:30 AM
Philip ( buy what you understand) Interesting. That 2% is also probably the difference between those who have and those who have nots.

All I can say is, people like me, Warren, li lu, cold eye all have no qualms with sharing our trackable portfolio. And we have no need to run classes or sell stock picking programs and go around doing speaking engagements.

You will notice people like stockraider and Calvintaneng and others always talking very loudly and hijacking other threads to promote their own stock picks. But they never show their long term results and performance. As usual these clowns only show the good results and hide the non performing ones, only show the performance gain and not their exposure and trading conviction to the stock. They tell you nonsense like too many trades a day to site in a portfolio, or come to kl and ask my remiser give you the results etc.

There are a few simple mental models you need to think about to make millions in the market.

1. Inflation will get greater over time.
2. Cash will become trash, so convert cash into assets over the long term.
3. Time in the market beats trying to time the market.
4. Holding assets like stocks over long periods beats holding cash, gold, property and bonds as shown over the last 100 years.

These are all simple facts that if you put together become a very simple rule.

Buy and hold. ( Wonderful companies).

Notice the caveat.
07/12/2021 5:33 AM
Philip ( buy what you understand) The simple problem traders face over and over is this: after sell buy what?
07/12/2021 5:34 AM
Sslee Philip already answer his own question after sell buy what?

Posted by Philip ( buy what you understand) > Dec 6, 2021 8:56 AM | Report Abuse

Yes, in fact after selling the big sum previously at 82, now buying back shares at 15+ due to Brazil problems with their version of CTOS which causing losses to the credit lending portion of their digital bank portion( to revamp again by Brazil government) and omicron fears for business. Time for cheap sales again due to economic worries. Don't worry, stoneco growth and profits still very good, just because of China won't drag it down.
07/12/2021 6:15 AM
Sslee As a trader you can sell the stock in batches on its way up and then buy back the same stock in batches on it way down and repeat the cycle many time.

Do not over worries about after sell buy what? Just keep some ready cash in case big discount sales coming.
07/12/2021 7:09 AM
stockraider U need understand this loh!

Actually General Raider is an equal peers to Sifu Calvin, thus raider always act independently without fear or favor mah!
The fact is alot of time General Raider reach the same conclusion as calvin bcos most great usually think alike loh!

But some of time we can deviate due to the use of different valuation tech, or different investment matrix or sometime we do not have same info to reach our conclusion mah!

Why Raider argue leh ??
To alert people from being kon mah!
Raider would not like innocent party, wrongly being influence mah!

On the issue of just get 6 sen of dividend & keep quiet loh ?
Ans ; DO U KNOW MOST PONZI SCHEME CAME FROM HIGH DIVIDEND WITHOUT LOOKING PROPERLY AT NEGATIVE RISK & BAD GOVERNANCE LEH?!
ONLY DUNGUS WILL TAKE THIS KIND OF ADVICE OF PHILIP (WITH BAD INTENTION}, COLLECT DIVIDEND & KEEP QUIET LOH!

LU TAU BOH ?

Posted by Philip ( buy what you understand) > Dec 6, 2021 4:55 PM | Report Abuse

Your master Calvin already putting 80 masks on inno. Why are you still arguing and talking nonsense. Just keep quiet and buy la. Why you want to argue so much?

Got 6 cents dividend per share no need to argue too much liao.

>>>>>>>
stockraider REMEMBER THIS DANGER SIGN LOH!

Why the opposing side directors rejected the Supplenmental Agreement with Inno leh ??
07/12/2021 8:23 AM
stockraider ALWAYS LOOK AT THE FACTS MAH!

"REMEMBER THIS DANGER SIGN LOH!

Why the opposing side directors rejected the Supplenmental Agreement with Inno leh ??

Ans; Why got people so silly sign a fixed rental for 60 years without taking into accounts of inflation leh ?

Do u know that goreng kiautiaw 30 years ago cost less than Rm 1.00 but today cost around Rm 6.00 leh ??

There are likely to be an element of fraud in this unfair contract loh!"

THE OFFICIALLY FACTS IS THIS ISSUE IS STILL UNRESOLVED FOR MORE THAN 2 YEARS LOH!
TO SAY OTHERWISE LIKE JOE REASSURANCE IS JUST DANGEROUSLY SPECULATING MAH!

THE REASONS WHY INNO PAYS HIGH DIV BCOS:

"plantation for a period of 30 years. On 29 August 2013, the tenure for the permission to develop the said land into
oil palm plantation was extended to 60 years.
On 9 July 2018, both parties entered into a third supplementary agreement of the Agreement for Oil Palm
Plantation, whereby the subsidiary should pay rental of RM2,201,502 covering the period from year 2018 to year
2070, in an equal annual rent of RM41,538 and interest on the total outstanding rental sum at the rate of 8% per annum on a reducing balance basis."!

THAT Means by latest 2035....they can take back the land mah!

Thats the reason why Inno pay high dividend...bcos they know they knew high chance their business going bungkus when lease expired loh!


LU TAU BOH ?


Posted by joerakmo > Dec 6, 2021 9:55 PM | Report Abuse

@ stockraider The supplemental agreement is signed,Pray tell your source where it is rejected; as such material information IF ITS TRUE would need to be disclosed anyways.Else its just your spinning.
Dividends are paid from taxed earnings(retained profits) whereas some companies actually borrow to pay dividends if their cash flow is good.
Tipu earnings can pay dividends meh??
07/12/2021 8:28 AM
stockraider Posted by stockraider > Dec 6, 2021 1:33 PM | Report Abuse X

Exactly loh....it is innoprise that appear cheating mah!

Thats why the opposing BOD rejected the supplemental agreement loh!

But whether Yayasan people are involve to be further investigated mah!

U mean if u own 40%....but if u cheat yourself, u own 100% of the cheating monies lu tau boh ?

U still make,,,,if u cheat yourself mah!

Same side but different team mah...lu tau boh ??

Thus different vested interest mah!

Why invest in a co...tipu here & tipu there in order to make money leh ?



Posted by Philip ( buy what you understand) > Dec 6, 2021 1:27 PM | Report Abuse

Your mean yayasan sabah majority owner of innoprise plantations is cheating itself? Why would they cheat their own self? I am sure there is a reason here somewhere
07/12/2021 8:30 AM
stockraider REMEMBER THIS DANGER SIGN LOH!

Why the opposing side directors rejected the Supplenmental Agreement with Inno leh ??

Ans; Why got people so silly sign a fixed rental for 60 years without taking into accounts of inflation leh ?

Do u know that goreng kiautiaw 30 years ago cost less than Rm 1.00 but today cost around Rm 6.00 leh ??

There are likely to be an element of fraud in this unfair contract loh!
07/12/2021 8:31 AM
stockraider PLEASE DO NOT DELETE THE ABOVE ESSENTIAL POINT MAH!
DO NOT BE LIKE SERBA PEOPLE LOH!

IF U DISAGREE WITH RAIDER, JUST ARGUE IT OUT MAH!

THERE SHOULD BE NOTHING TO HIDE MAH!
07/12/2021 8:33 AM
Philip ( buy what you understand) the difference here is why argue? this is a stock forum, not an argument forum. if want to argue, please show me your portfolio and your stocks that you are holding first. then same level of discussion to do
07/12/2021 12:59 PM
Sslee Watch up Tesla. BYD and many others are catching up. Tesla with PE 300+ is this sustainable?

https://thedriven.io/2021/12/15/byd-aims-to-become-second-car-company-to-reach-one-million-ev-sales-in-a-year/

Chinese automotive manufacturer BYD is reportedly targeting sales of electric vehicles and other “new energy vehicles” of up to 1.2 million in 2022.

According to local Chinese reports of a recent investor conference call, BYD’s monthly sales of new energy vehicles (NEV) is already approaching 100,000 units. Thus, BYD expects to sell around 600,000 battery electric vehicles (BEVs) and between 500,000 and 600,000 plug-in hybrid EVs (PHEVs) during 2022.
16/12/2021 8:06 AM
stockraider Actually Tesla like bitcoin is a hype up not supported by true fundamental value loh!


Posted by Sslee > Dec 16, 2021 8:06 AM | Report Abuse

Watch up Tesla. BYD and many others are catching up. Tesla with PE 300+ is this sustainable?

https://thedriven.io/2021/12/15/byd-aims-to-become-second-car-company-...

Chinese automotive manufacturer BYD is reportedly targeting sales of electric vehicles and other “new energy vehicles” of up to 1.2 million in 2022.

According to local Chinese reports of a recent investor conference call, BYD’s monthly sales of new energy vehicles (NEV) is already approaching 100,000 units. Thus, BYD expects to sell around 600,000 battery electric vehicles (BEVs) and between 500,000 and 600,000 plug-in hybrid EVs (PHEVs) during 2022.
16/12/2021 8:40 AM

My fourth biggest foreign shareholding

Author: Philip ( buy what you understand)   |  Publish date: Sun, 3 Oct 2021, 12:36 PM


Some people ask me how my foreign stocks performed. Surprisingly well definitely.

 

I bought 5000 shares of Tesla at usd575 as shared in my telegram group, and one of the main reasons why is the mental models of it's chief technical director.

 

Uncle Philip:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2 reasons why I buy Tesla as well for his mental model. I don't sell shares because "I'm the first in and I'm the last out". Performance basis only: " I don't draw a salary, most of my compensation is in stock options"
  Be the first to like this.
 

Why I bought even more SERBADK bonds and stocks

Author: Philip ( buy what you understand)   |  Publish date: Tue, 15 Jun 2021, 5:56 AM


Recently I bought a lot of serba dinamik bonds and stocks.

As to why? Everyone has all the relevant information, everyone has all the reports and PDFs. Importantly, serba has kept their KPMG auditors, and added EY as external reviewers for the issues brought up by KPMG, and 3 more independent directors to monitor all information on serba dinamik.

 

Why would frauds and liars do something like that? All I can do is present to you a story from a very good story teller.

 

The Dog and the Dragon.’

 

The Dragon was a brilliant pearlescent color, with silver running along the contours of its body. One day, the dog saw this dragon flying overhead. The dog marveled, as one might expect. He had never seen anything so majestic or grand. The dragon soared in the sky, shimmering with iridescent colors in the sunlight. When it curved around and passed above the dog, it called out a mighty challenge, demanding in the human tongue that all acknowledge its beauty.

 

The dog watched this from atop a hill. Now, he wasn’t particularly large, even for a dog. He was white, with brown spots and floppy ears. Not of any specific breed or lineage, and small enough that the other dogs often mocked him. He was a common variety of a common species of a common animal that most people would rightfully ignore. But when this dog stared at the dragon and heard the mighty boast, he came to a realization. Today, he had encountered something he’d always wished for but never known. Today he’d seen perfection, and had been presented with a goal. From today, nothing else mattered. He was going to become a dragon.

 

The dog sat upon that hilltop through an entire night and day, staring. Thinking. Dreaming. Finally, he returned to the farm where he lived among others of his kind. These farm dogs all had jobs, chasing livestock or guarding the perimeter, but he—as the smallest—was seldom given any duty. Perhaps to another this would be liberating. To him it had always been humiliating.

 

As any problem to overcome is merely a set of smaller problems to overcome in a sequence, he divided his goal of becoming a dragon into three steps. First, he would find a way to have colorful scales like the dragon. Second, he would learn to speak the language of men like the dragon. Third, he would learn to fly like the dragon.

 

The dog chose the scales first, as it seemed the easiest, and he wanted to begin his transformation with an early victory. He knew the farmer owned many seeds in a variety of colors, and they were the shape of little scales. Because he was not a thief, the dog did not take these—but he asked the other animals where the farmer obtained new ones.

 

It turns out, the farmer could make seeds by putting them in the ground, waiting for plants to grow, then taking more seeds from the stalks. Knowing this, the dog borrowed some seeds and did the same, accompanying the farmer’s eldest son on his daily work. As the youth worked, the dog moved alongside him, digging holes for seeds with his paws and planting them carefully with his mouth. It was an amusing scene, watching the dog work.

 

The farmer’s eldest son found the dog’s actions quite amusing—then incredible as the dog went out each day, gripping a watering can in his teeth. The little dog watered each seed, just as the farmer did. He learned to weed and fertilize. And eventually the dog was rewarded with his own small crop of colorful seeds.

 

After replacing what he’d borrowed from the farmer, the dog got himself wet and rolled in his seeds, sticking them all over his body. He then presented himself to the other dogs. ‘Do you admire my wonderful new scales?’ he asked his fellow animals. ‘Do I not look like a dragon?’ They, in turn, laughed at him. ‘Those are not scales!’ they said. ‘You look stupid and silly. Go back to being a dog.’

 

The dog slunk away, feeling foolish and hurt. He had failed at his first task, to have scales like a dragon. The dog, however, was not daunted. Surely if he could speak with the grand voice of a dragon, they would all see. And so, the dog spent his free time watching the children of the farmer. There were three. The eldest son, who helped in the fields. The middle daughter, who helped with the animals, and the toddler—who was too young to help, but was learning to speak. They were all working in the yard—the farmer’s wife, who was taller than the farmer. A youth, lanky and assiduous. A daughter who would someday share her mother’s height. A baby who toddled around the yard, tended by them all as they did their chores.

 

Anyway, the dog figured that the best way to learn the language of men was to study their youngest child. So the dog played with the baby, stayed with him, and listened as he began to form words. The dog played with the daughter too, helped her with yard work. He soon found he could understand her, if he tried hard. But he couldn’t form words. He tried so hard to speak as they did, but his mouth could not make that kind of speech. His tongue did not work like a human tongue. Eventually, while watching the tall and serious daughter, he noticed she could make the words of humans on paper. The dog was overjoyed by this. It was a way to speak without having a human tongue! The dog joined her at the table where she studied, inspecting the letters as she made them. He failed many times, but eventually learned to scratch the letters in the dirt himself.

 

The farmer and his family thought this an amazing trick. The dog was sure he had found a way to prove he was becoming a dragon. He returned to the other dogs in the field and showed them his writing ability by writing their names in the dirt. They, however, could not read the words. When the dog explained what writing was, they laughed. ‘This is not the loud and majestic voice of a dragon!’ the dogs said. ‘This is speaking so quietly, nobody can hear it! You look silly and stupid. Go back to being a dog.’ They left the dog to stare at his writing as rain began to fall, washing the words away. He realized they were correct. He had failed to speak with the proud and powerful voice of the dragon.

 

But there was still hope, if the dog could just fly. If he could achieve this feat, the dogs would have to acknowledge his transformation. This task seemed even harder than the previous two. However, the dog had seen a curious device in the barn. The farmer would tie bales of hay with a rope, then raise or lower them using a pulley in the rafters. This was essentially flying, was it not? The bales of hay soared in the air. And so, the dog practiced pulling on the rope himself, and learned the mechanics of the device. He found that the pulley could be balanced with a weight on the other side, which made the bales of hay lower slowly and safely.

 

The dog took his leash and tied it around him to make a harness, like the ones that wrapped up the hay. Then he tied a sack slightly lighter than he was to the rope, creating a weight to balance him. After using his mouth to tie the rope to his harness, he climbed to the top of the barn’s loft, and called for the other dogs to come in. When they arrived, he leaped gracefully off the loft. It worked! The dog lowered down slowly, striking a magnificent pose in the air. He was flying! He soared like the dragon had! He felt the air around him, and knew the sensation of being up high, with everything below him. When he landed, he felt so proud and so free.

 

Then the other dogs laughed the loudest they had ever laughed. ‘That is not flying like a dragon!’ they said. ‘You fell slowly. You looked so stupid and silly. Go back to being a dog.’

 

This, at long last, crushed the dog’s hopes. He realized the truth. A dog like him simply could not become a dragon. He was too small, too quiet, too silly.

 

What was that?

 

The dog looked up, confused. He heard noises. Sudden shouting? Yells of panic?

 

The dog raced out of the barn to find the farmer and his family huddled around the small farmyard well, which was barely wide enough for the bucket. The dog put his paws up on the edge of the well and looked down. Far below, in the deep darkness of the hole, he heard crying and splashing. A pitiful, gurgling cry was barely audible over the splashing. The littlest child of the farmer and his wife had fallen into the well, and was drowning. The family screamed and wept. There was nothing to be done. Or … was there?

 

In a flash, the dog knew what to do. He bit the bucket off the well’s rope, then had the eldest son tie the rope to his harness. He wrote ‘lower me’ in the dirt, then hopped up onto the rim of the well. Finally, he threw himself into the well as the farmer grabbed the crank.

 

Lowered down on this rope, the dog ‘flew’ into the darkness. He found the baby all the way underwater, but shoved his snout in and took hold of the baby’s clothing with his teeth. A short time later, when the family pulled him back up, the dog appeared holding the littlest child: wet, crying, but very much alive.

 

That night, the family set a place for the little dog at their table and gave him a sweater to keep him warm, his name written across the front with letters he could read. They served a feast with food the dog had helped grow. They gave him some of the cake celebrating the birthday of the child whose life he had saved.

 

That night, it rained on the other dogs, who slept outside in the cold barn, which leaked. But the little dog snuggled into a warm bed beside the fire, hugged by the farmer’s children, his belly full. And as he did, the dog sadly thought to himself, ‘I could not become a dragon. I am an utter and complete failure.’

 

Making mistakes is a natural part of life.

 

Being stupid is a choice.

 

Philip

Labels: SERBADK
  stingray_ea likes this.
 
probability your judgement here is valid, however the fake company najmat llc was a big blow to trust serba...

hundred of millions transaction with this company alone

too many companies with having just google email id


Posted by Philip ( buy what you understand) > Jun 16, 2021 9:43 AM | Report Abuse

521 versus 521W. Really?

It is like going to ss15 and saying the house there is wrong, when you were supposed to go to ss15/2...

And if you don't even check back and review your " investigations" with management but straight become whistleblower to independent directors... I am waiting for egg on face.
16/06/2021 12:22 PM
qqq3333 well, auditors liase with audit committe members is exactly what the Bursa rules says are the functions of audit commitee members.............
16/06/2021 12:39 PM
qqq3333 its perverse to accuse KPMG some how of incompetence when auditors do exactly as Bursa/ sc rules intends them to do.
16/06/2021 12:41 PM
Philip ( buy what you understand) I will reserve further comment until I get the EY independent review report.

Remember what happened to delloite

>>>>>>>>>

qqq3333 its perverse to accuse KPMG some how of incompetence when auditors do exactly as Bursa/ sc rules intends them to do.
16/06/2021 12:41 PM
16/06/2021 1:55 PM
Philip ( buy what you understand) Najmat Al maisan technical services? Fake company eh? Thanks for the sharing. More research to do.

>>>>>>>>>

probability your judgement here is valid, however the fake company najmat llc was a big blow to trust serba..
16/06/2021 1:56 PM
ahbah Philip can buy as mani bonds n stocks as U like. Just keep on buying please. They are all yours !
16/06/2021 2:01 PM
Colgate If Philip lost in Serba, he lost just a few millions only lah. His overall all portfolios are still intact.
16/06/2021 3:44 PM
qqq3333 that is why don't just follow rich old men just because they are rich. As China says, every one is at a different stage of development
16/06/2021 4:15 PM
qqq3333 last few years, Pchem, Serba, yinson Gkent is a preservation of wealth portfolio, not a money making portfolio
16/06/2021 4:42 PM
qqq3333 I guess it serve it's purpose except Serba
16/06/2021 4:43 PM
qqq3333 last few years very difficult to pick preservation of wealth portfolio in Bursa......
16/06/2021 4:44 PM
qqq3333 some more too emphasis in sun set industry OG..... bad strategy.
16/06/2021 4:45 PM
qqq3333 last few years, u got $ 100 million, bursa where to put money with preservation in mind?

surely not easy.

very tough if u intend to invest and not sell
16/06/2021 5:36 PM
qqq3333 wrong part of the cycle.
16/06/2021 5:37 PM
Trader258 Yes, bought and stuck with more shares...
16/06/2021 5:41 PM
Colgate Don’t worry be happy like my face.
16/06/2021 5:56 PM
popo92 For Najmat Al Maisan Technical Services LLC, is it really under ICT contract? On serba announcement it seems its under o&m segment: Provision of plant maintenance services, safety relief valve and other associated rotating equipment. add on services with ICT? Kpmg did not say Najmat Al Maisan is a fake company instead KPMG raised scepticism because Najmat Al maisan is not IT related company. Serba reply was that Natmaj is their sponsor's company who received contracts but doesn't have ict background. This is weird. I am also curious who have further studies on this?

https://www.thesundaily.my/business/serba-dinamik-secures-nine-foreign-contracts-BY5450663
16/06/2021 8:07 PM
DannyArcher As a person into IT, I've never seen such a badly designed website by the Serba IT team. Their apps are... shall I say, rubbish.

First, let's look at the website, their so called IT for O&G with VR tech and customized solutions or whatever. No screenshots of the software, no real life demo of how the software+hardware works, no downloadable demo, no detailed explanation of what the software is capable of, just lots of meaningless bullet points. This is worse that a fake software website, at least you get more details from a fake software website.

https://serbaitsolutions.com/customized-solutions/

Look at Huawei's O&G solution, got 'Get Pricing/Info', got 'Case Study', you can download 'Brochure and Data Sheets'.

Baker Hughes also have something similar with lots of detailed explanation of what their software and solution do.

Serba? only fancy animation, nothing more. Makes me wonder what is going on.

Second, their IT office in India is in an Apartment? and their office address in Australia is a PO Box? Seriously? Okay, never mind, maybe they just branch off and dont want to waste money.

Third, Karim appears to be desperate to turn Serba into an IT company. In an article in theedge, Serba said they will put the block 7 project under the IT section and not EPCC. I find this very deceiving. I can accept if part of it goes to EPCC and part of it goes to IT if Serba does supply some IT stuff, but 100% goes to the IT department? He is trying too hard hoping investor will re-evaluate Serba with higher PE on par with the tech companies.
16/06/2021 8:39 PM
qqq3333 higher PE...the dreams of ....
16/06/2021 8:43 PM
CynicalCyan Uncle Philip, I have no idea how you buying Serba correlates to your story of The Dog.

The Dog was silly to try to be a Dragon, to go out of its capabilities, out of "circle of competence". But then again, had The Dog not tried and fail, it wouldn't land itself in a better situation.

So, you're saying if investors don't try to catch the bottom, they won't enjoy the technical rebound of Serba like you did?

I remember how you vilified Jon Choivo when he pointed out some issues he found on Serba then. Had you not attacked him ferociously, forcing him to tone down his thesis, more investors would have taken more notice of such risks in Serba. I'm sure some investors following your total conviction on Serba would have lost substantial amounts of money and in limbo now.

My guess for you writing this article is if Serba is found innocent, you'd chide others who didn't buy during discount day. And in the event Serba is found guilty (if ever), then you'd say, hey I didn't expect it to be that way, not my fault.
16/06/2021 8:51 PM
DannyArcher Anyway Serba Dinamik logo is very ugly... as in very very very 80s. Also, their name is bad. Serba sounds like 死吧 in Mandarin. For those that dont read mandarin, it means 'Please Die'
16/06/2021 9:00 PM
Windy1974 DannyArcher. Logo ugly is forgivable, just like Jack Ma can't decide his look haha.
However, being someone from the 70s, tq for pointing out SD website. For me, they won't look different.
But i am sure you are wrong. Uncle Karim company can even go space leh. After 1st after Malaysia's world first flying car. I am postponing my Australia PR because Malaysia now got flying car and going space. Uncle Karim will be richest man in the world taking over Elon Mask
16/06/2021 10:29 PM
DickyMe How China Lost Patience with Its Loudest Billionaire

https://www.youtube.com/watch?v=Bmsz3Jn8z2Q
16/06/2021 10:33 PM
Windy1974 CynicalCyan.
I believe one who promote certain stock is wrong only if he knowingly induce people to buy or sell with malice.
Not when you are convinced with it.
So, only God knows and the person knows.
However, i believe karma will strike such people
16/06/2021 10:41 PM
Foker Windy u r talking about Koon Yew Yin.
16/06/2021 11:13 PM
Sslee KYY is reckless risk taker. He win big and loss big. He had been cheated by many insiders so are many people feel been cheated by KYY. Action and reaction at play.
17/06/2021 8:34 AM
Windy1974 Sslee. I reckon you are bias when it comes to KYY haha.
Now, a person came out and said the oil price has no effect on maintenance (Even if i assume he was misled by O&G people on this, his IQ should be lower than 80 to believe it), then after 2 weeks he declared he sold all Dayang. Probably you could enlightened me if there's no malice?
17/06/2021 9:46 AM
stockfreak KYY is obviously trying to use his keyboard to his own benefit.
17/06/2021 9:49 AM
Windy1974 Not to SSlee. I suspect SSlee fallen in love with KYY. Love is blind haha
17/06/2021 9:51 AM
CharlesT https://klse.i3investor.com/blogs/koonyewyinblog/2015-12-30-story88909-Why_Am_I_Buying_Xingquan_Koon_Yew_Yin.jsp
17/06/2021 9:58 AM
Sslee Haha,
My take on KYY.
https://klse.i3investor.com/blogs/Sslee_blog/2021-03-06-story-h1542059619-The_truth_Is_Mr_Koon_Yew_Yin_your_friend_or_foe.jsp
17/06/2021 9:59 AM
CharlesT Is Xingquan a Good Bet? Koon Yew Yin
Author: Koon Yew Yin | Publish date: Tue, 5 Sep 2017, 9:21 PM

As you know, Xingquan was trading at between 2 sen to 5.5 sen in early June 2017. I bought a total of 50.5 million shares at an average price per share of 3.5 sen. I bought almost all the shares traded.

As you also know, Xingquan has been selling between 10-13 for some time and I have been accumulating it. Last year annual report shows that I have accumulated 36.4 million shares. Now I have a total of 86.9 million shares and my average price per share is 6.85 sen.

Is 6.85 Sen Per Share a Good Bet?

I recall that CIMB was the under writer at Rm 1.70 for its IPO about 7 years ago and the auditors was and still is SJ Thornton of Singapore. I remember its retired senior partner a Chartered Accountant, is my cousin who is also 84 years old like myself.

You can see in its latest accounts that its NTA is Rm 1.90 per share with a lot of cash in the bank. I cannot believe the company could simply cooked the books to bluff the highly respected auditors for so many years.

I visited Xingquan’s factory in Fujian. It used all its money from the IPO to build a large factory with hostel accommodation for 2,000 workers. These assets must have appreciated many folds.

The Question is Can I Trust CIMB and the Auditors?

I noticed that most of the shareholders complained that the company gave them very little dividend at every AGM and they do not believe the audited accounts is true. If only the company gives out a little more dividend the share price would be different.

It has been selling about 10 sens for quite a long time and I have been buying.

A few months ago when Securities Commission issued notice to Xingquan to submit the 3rd accounts or it would be suspended, its price dropped to 2 sen and I bought almost all the shares traded. I bought a total of 50.5 million shares at an average price of 3.5 sen.

According to Bursa announcement, Xingquan did not submit its 3rd quarter accounts in time because its accountant’s contract was not renewed. As a result, many shareholders rushed to dump their holdings.

The company announced that it is looking for a suitable accountant to be able to submit its 3rd quarter accounts.

It is only natural, one day the controlling shareholder will sell all the company’s assets to benefit themselves and all the shareholders. Its audited accounts shows that its NTA is Rm 1.90.

I can imagine the amount I will make from my 86.9 million shares, costing me 6.85 sen per share. I will be laughing all the way to my bank.

In any case, there is always some risk in buying any share. I think Xingquan is a good bet.
17/06/2021 10:00 AM
CharlesT Xingquan is a Good Bet - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Fri, 8 Sep 2017, 11:26 AM

I am sorry that I made a mistake in calculating my average cost per share in my previous article “Is Xingquan a good bet?”.

Xingquan was listed in 2009 with CIMB as the under writer at Rm 1.75 per share. I did not buy any share in 2009 and its it's 2009 annual account shows that I did not hold any shares.

As you know its price has been falling quite rapidly ever since the company was listed. I started buying it in 2010 when the price fell below Rm 1.00. Its 2010 annual account shows that I had a total of 17,005 million shares. I think my average price is about 70 sen per share.

(1) My cost is 17.005 X 0.70 = Rm 11.9 million and the price is falling rapidly ever since my purchase.

As you know, Xingquan has been selling around 10- 12 sen per share for a long time and I bought 19.4 million shares at an average cost of 11 sen per share.

(2) My total cost is 19.4 X 0.11 = Rm 2,13 million.

When SC gave notice of suspension, its price plunged to trade between 2-5 sen per share and I bought 50.5 million shares, almost all the shares traded during those few days.

(3) My total cost is 50,5 X .035 = Rm 1.77 million.

The total of (1) + (2) + (3) totalling 86.9 million shares costing Rm 15.8 million

My average cost is Rm 15.8 divided by 86.9 = 18 sen per share.

There is always some risk in buying any share. They say ‘No risk no gain and the higher the risk the higher is the gain”. There is also a saying “The higher you climb, the bigger you fall”. Which is right?

The game is not over yet!

Unlike the case of VS Industry; very few people knew that I had been buying VS so aggressively until I became the 2nd largest shareholder, holding 102 million share, as shown in its 2015 annual report. The price of VS shot up 550% within 18 months.

Now I am in the lime light. The whole investing community thinks that I am crazy.

At the same time, they also know of my successful track record.

The road to my successful track record is knowledge, confidence, willing to take calculated risk and patience.

If you are patient you can buy cheaper or sell at a higher price.

The reasons why I am willing to take the risk of buying so much of Xingquan shares are:

I visited Xingquan’s factory in Jinjiang, Fujian, China. Although I was so impressed, I did not start to buy Xingquan shares because I practise what I preach-patience! Patience! Patience!

Xinguan received more than Rm 100 million from the IPO and it spent it on building a huge factory with all the ancillary facilities and 7 blocks of flats to accommodate 3,000 workers on a very large piece of land given the Chinese Government for a song. The company also has 110 distribution outlets in some of the shopping malls in the larger towns and cities in China. All these assets would have appreciated by now and they belong to all the shareholders. All these solid assets cannot disappear in thin air.

That is why the audited account shows that its NTA is Rm 1.90 per share. Moreover, it has cash and no bank borrowings.

In early June, when so many people were rushing to sell before its suspension, I took the risk to buy 50.5 million shares, almost all the shares traded during the few days.

I was told the controlling shareholder is making preparation to comply with the rules of SC in order to relist the company.

Another possibility is that the controlling shareholders do not want to relist the company to avoid all the hassle. In this case, I will be holding shares of a Sdn Bhd company, just like most business men doing businesses in Malaysia.

I believe in human nature. Eventually, the controlling shareholders will want to realise their profit from their investment. As a result, I will get my share of the profit. I hope I am right!
17/06/2021 10:02 AM
CharlesT KYY bought from RM1.50+ to RM0.025 b4 Xinquan suspended n delisted, despite my noble advices to him during the said 2 to 3 years, though he always cursed me on my bad England n my financial status (not bad lah but cant compare to him....)

At the end RM15.8M is gone.

Philip at worst lose few millions only in Karim's stocks n Serbak junk bonds...sup sup suai lah
17/06/2021 10:08 AM
CharlesT Why Am I Buying Xingquan? Koon Yew Yin
Is Xingquan a Good Bet? Koon Yew Yin
Xingquan is a Good Bet - Koon Yew Yin

Why I bought even more SERBADK bonds and stocks- Philip

Deja Vu?

Hope Philip will not follow the same fate ah.....amen
17/06/2021 10:11 AM
Sslee No worries,
Philip is more smarter than KYY but both have the same big ego.
17/06/2021 10:17 AM
CharlesT Maybe...

Another plus point is Philip knew some internal staff of Serbak...may got insider news...

But I m not sure whether his insider is Karim or office boy or tea lady lah
17/06/2021 10:27 AM
qqq3333 u mean rich old men? other things can change but money matters cannot change. serve u so well why change?
17/06/2021 10:28 AM
qqq3333 Aokam Transmile Serba is part of the package together with all the successes.... no Yin no yang.
17/06/2021 10:31 AM
qqq3333 if so scared of losses don't do Bursa la.
17/06/2021 10:32 AM
qqq3333 want to do Bursa not scared of losses
17/06/2021 10:32 AM
Sslee qqq3 must have make a lot of money from Bursa. Now also talk very big.
17/06/2021 10:35 AM
qqq3333 me? I think I have under perform my ability.... I think I should be richer than kyy and Philip combined if only......
17/06/2021 10:54 AM
Sslee Haha qqq3 if only you have invested in bitcoin and amazon 10 years ago you will be by now richer than kyy and Philip combined.
17/06/2021 7:41 PM
Gerard Lam Philip, add or cut loss?
23/06/2021 5:13 PM
Alex™ rip
23/06/2021 11:01 PM
CharlesT https://klse.i3investor.com/blogs/koonyewyinblog/2020-05-23-story-h1507806755-Trump_lost_his_way_groping_in_the_dark_Koon_Yew_Yin.jsp

Xingquan delisted from Bursa

This reminds me of Xingquan International Sports Holdings delisted from Bursa Malaysia for noncompliance with SC listing rules. The company failed to submit audited annual report. CIMB was the underwriter at Rm 1.60 for its IPO and the company raised more than Rm 100 million. CIMB invited me to visit its factories in Xiamen, China. I have more than 100 million shares and I have engaged a legal firm called Chan & Associates to recover my loss. Unfortunately, this is another one of my bad investments.

His final confession is he owns more than 100M shares of Xinquan, its not 86.9M shares as stated in his post dated 08 Sep 2017.

All these high ego oldmen likes to lie.....
27/06/2021 6:11 AM
stockraider Post removed. Why?
27/06/2021 11:13 AM
supersaiyan3 stockraider, next KYY will become day trader. He is lost too deep in the forest.

CharlesT, I did some search and wow, Addnice seems to be gone, and Gertop seems to be operating.
https://gertop.world.tmall.com/shop/view_shop.htm?spm=a230r.1.14.89.213c381438bzZe&user_number_id=836733927
27/06/2021 11:35 AM
Sslee https://klse.i3investor.com/blogs/Sslee_blog/2021-03-23-story-h1542931251-Justice_for_Xingquan_minority_shareholders.jsp

My last email to SC on Xingquan.
27/06/2021 1:29 PM

HOW TO BUY LEAPS OPTION CALLS. No genting, no problem

Author: Philip ( buy what you understand)   |  Publish date: Thu, 25 Feb 2021, 6:04 AM


Philip Farms:

I recently started trying out options again after attending some online classes on options strategy. My current favourite is buying LEAPS, which coincides with my investment mindset. Again, trade these with the highest caution, as they are highly prone to just blow up in your face.

 

 

 

Firstly, these look very confusing, especially to a 60 year old. Don't worry, it is far more interesting than watch paint dry. In fact, with the recent GameStop fiasco, it can give one a heart attack. Anyhow, the big idea in an option is to BUY TIME. You put a little downpayment today, for the chance of paying a lot less for an equity tomorrow. Now, tomorrow is a very dangerous road, as some people have bought options( or in bursa nearest equivalent is warrants). But the basic idea is the longer your time period, the better the chances of the company in turning around.

Not I personally believe that options are only very specific and cannot be abused to buy everything. The keywords here is time and downpayment. Options become very high risk if you are overpaying for time, as a derivative it can be downright bankruptcy. So thinking about it in broad strokes, it is only possible to buy options under certain conditions. 

 

I realized my setup ranges is similar to my investment ranges.

1. Buy a company that is turning the corner, while still being less that appreciated by the general public.

2. Buy if the asking price of the option is very low compared to the risk taken.

3. Buy the industry only if it is turning the corner, where things are looking to, competitors are dead in the water, vaccination is in order, or a new government policy ( buy US) is in play.

 

Very very tight setup ranges. In essence, how I believe options should be played is only when the bad times are still here, and you understand the company enough to know how long it will take for it to move beyond the bad times.

 

How to trade leap calls. If you believe that the long term share price of a company will take a long term to turn around, it might be good to plan ahead. Take for example these very illiquid January 2023 calls for general electric. They were previously selling for a strike USD 20, and the option price for a 2 year contract at 11.10 was 1.05 per share which I decided was a good low risk bet with high reward ( in comparison). So assuming I hold till maturity, I would be hoping that by 2023 January, the share price would be USD 21.05, to break even. Very high risk putting this into play definitely, which is why the most I would even bet on things like this is lunch money.

 

Be very sure though, this is purely gambling. Very very risky in either way.The most I would bet in time constrained options like these is 6k USD, just to understand how leap calls work. In my limited testing, the longer the time value, the lower the risk of being "wrong" especially compared to buying an option that expires in 2 or 3 months. However, the opportunity costs is also high, as you "buy" the privilege of holding something for longer period of time

 

This would be how I would apply trading and long term investing together. Obviously I also have 200k shares bought at 11.20 to ride on a 5 year cycle as a base which is only up a measly 17%, while a similarly held option price would have gone up by 40%.

 

But... Despite having higher alpha buying options and trading it to control more shares at lower prices, you need a strong basis in understand the business model itself.

 

The TAM of GE.

The competitors of GE.

How is GE performing versus peers.

The new projects and growth projections of GE in the industry.

What are the revenue and earnings projections by 2023-2025.

What is the management guidance? ( In this case CEO pay is directly link to share price performance, which I think is absurd. But it does mean that the share price goes up if the company performs).

 

These are simple scuttlebutt info, leading indicators that are ignored by many chartists who only look at Fibonacci, trend lines, Elliott waves, ichimoku, moving averages, basically reading price chart only to define their purchase

 

For me, even buying a simple 6k leap option has to be grounded in many details like, what is the USD/EURO/RMB/JPY/MYR currency chart ( turbine costs dropped tremendously for US companies due to forex, increasing the sales and profits of GE worldwide)

 

Oil prices increasing from 27 to 63 to 67 today, which means the sales of GE energy will increase by 15%, meaning more production and better times, as the euro operations of main competitor Siemens fight with alstom, we quickly realize on thing, as many companies shutter down or reduce capabilities, the big companies will come out of this in a far better shape than previously expected

 

GE aviation: selling non core assets like training simulators and piling into their core competency, this provides a clear mindset: cut the deadwood, build up cash for future

 

A major sticking point, management CEO pay scale is based on share price, meaning he gets paid 200 million if his share price goes to 20 for a certain average of months. So it is to his benefit to structure things so that happens.

 

How would it ideally be done? Cut dividends for GE, sell subsidiaries, do massive share buybacks, bring the company finances back in order. This has never been done in 127 years, this cutting dividend thing.

 

JP Morgan would roll in his grave, but also for the first time in 100 years, we have an outsider leading GE who is a major shareholder which has cut dividends of GE to 1 cent, pacing the way for a bright future.

 

So long term statistics, low expectations, full power of change, a new structure of core competencies, selling of GE capital and financial engineering efforts.... In the end.. we have a 6k trade of a LEAPS call

 

LONG TERM EQUITY ANTICIPATION SECURITIES. I like the term, but it basically means buying a long term option. My favourite kind, long term expiry date.

 

Philip "itchy fingers" C

  wkc5657 likes this.
 

My thoughts on palm oil industry. And the recent drop in palantir results.

Author: Philip ( buy what you understand)   |  Publish date: Wed, 17 Feb 2021, 6:09 AM


 
 
Philip Farms:
Now it is time to separate the men from the boys. It is easy to hold unto your stocks and talk about buy and hold when things are going well.
 
A lot harder when you bought at a high price and it drops and all your profits disappear. This is where mental models come in to play.Do you sell because of the fear of lock up and stock compensation?Do you hold because of uncertainty of the short term results?
 
Or do you buy because of the management performance and promises made to palantirians?
 
That is the hardest thing.
 
So it's not about how smart you are at researching or understanding and analysis.
 
Making money in the stock market is really more about controlling your emotions and knee jerk reactions of fight versus flight (natgeo mental model)
 
What do you do when faced with difficulty?
 
No one can be expected to navigate high stress conditions easily.So how to do it? You can either learn to make good high stress decisions or learn to only take the low stress decisions. I prefer the latter, investing versus trading.What are low stress decisions? I say it all the time, buy what you know.
 
NOT WHAT IS POPULAR.
 
Take for example what is popular.
 
https://klse.i3investor.com/m/blog/www.eaglevisioninvest.com/2021-01-10-story-h1539263202-PALM_OIL_COMPANIES_WILL_REPORT_FANTASTIC_RESULTS_IN_FEB_2021_DUE_TO_INC.jsp
 
Every once in a while someone comes and ask me, palm oil stocks can buy ah?
 
My answer to that is this: what is your area of competence? What do you do? How are you exposed to this market? Do you have any scuttlebutt? If you start with the proposition that " ok the industry is going up, so I should buy" usually it means that you are late to the party.
 
As for this question, if you are in this industry or in commodities trading in general the question is simple.
 
What is the supply versus demand curve?
 
http://mpoc.org.my/malaysian-palm-oil-supply-and-demand-outlook-for-2020/
 
Basic math if you really want to buy palm oil stocks. You need to couple high demand + high production, as this will mean the everyone will profit. Right now even at high prices no one is buying palm oil counters, not even the owners
 
Why?
 
It is very simple, They are production constrained due to covid19 and worldwide production and delivery of products. Same like furniture. Same like steel and tin etc etc
 
Right now as businesses start to lurch back, demand is stabilizing but production is still very heavily start/stop. Why? Simply because MCO/rmco/cmco etc etc is causing havoc on palm oil plantation most important input: labor and fertilizer. I am a planter myself so I should know.
 
Consider this, you need consistent fertilizer and manpower for your trees to be able to be harvested, grown and managed. Imagine if workers are not allowed to go to work due to approvals and fear for foreign workers. Mati kudasai la as local smart Malaysians do not want to work in the fields but congregate in cities to fight for jobs.
 
So what happens?
 
Shutdown, delays in harvesting and delivery to collection center. Uncle Philip can do many things, but he definitely can't do it alone in his small 98.5 acre farm. Not young and smart anymore. Many things can be automated. But not everything.
 
So how? Should you invest in palm oil counters? My answer is yes, but not because of a rm3600 per tonne price. You would have no idea the average cost to sell at that price, as you would be surprised some may have actually lost money selling at the price. Commodity prices are very very sensitive to crisis.
 
But looking at the original question, how to make low stress decisions, my answer is this. One should buy based on long term trends, not short term fluctuations
 
I do believe definitely in trend is your friend. But low stress decisions making means understanding what trends to look at in 5 years. When people start going green again and moving away from unhealthy food and productions
 
They will realize that palm oil still produces more energy dense sustainable source than many comparative forms ( soy and corn USA ethanol, middle East crude, etc etc) and moving forward people will have no choice to favour palm oil in cooking products due to price and perception by federal public
 
When will this perception change? When it is more beneficial to them. There will definitely be a shift in perception followed by a spike in price cycle. This I can guarantee will happen sooner or later. When? No idea, definitely not in the short term
 
In 5 years? Maybe. In 10 years? Guaranteed. Something like this is guaranteed to happen once in between. When? Dunno la. So what to do in between is more about managing expectations and watching paint dry than running around like a headless chicken. The groundwork has already been layed, just need to wait for chickens to hatch.
 
Same with Palantir, You can already see their long term targets. And their class leading products in helping big companies drive efficiency. As long as competitors like IBM and Fujitsu have given up fighting and decided on collaborating. And no clear major competitor is around. You know that eventually palantir will do well. When? That's where the brain stops and the heart starts.
 
When Warren buffet was asked what was the best tool for compounding money? His reply: RATIONALITY. When they asked bill gates what was the biggest requirement to be successful? FOCUS.
 
 
 
 
Secret page: the scuttlebutt.
 
https://www.reddit.com/r/wallstreetbets/comments/lkngg9/former_pltr_engineer_dd_part_2_usability/?utm_source=share&utm_medium=mweb
  2 people like this.
 

MY BIG PURCHASE FOR 2021. THE COMPANY THOMAS EDISON FOUNDED.

Author: Philip ( buy what you understand)   |  Publish date: Wed, 10 Feb 2021, 4:00 AM


Philip Farms telegram reshares:

Yes it is for me... Core reason and biggest profit center for GE. Like I said, I'm buying for the next 5 years.... Hard to compete short term with you la bosku

 

You sure you not training pilots anymore ka sifu LC, I just realized this group is a very strong source of aviation and sea logistics scuttlebutt

 

But my question is... How do you think the airline industry will perform 5 years from now? Better or worse than today?

 

If the answer is yes, then what would you buy

 

Haha @Ikanbiliskecil is a very knowledgeable aircraft guy... He hates Tony Fernandez guts..

( On rolls royce)

Wow.i buy with a 5 year view... You have 10 year view, impressive. The first of these nuclear plants in UK will come up in 2031. Any idea on revenue and profitability?

 

The big mental model on why aviation is interesting to me. 

1. The gold digger never makes money, but the one selling the shovels always does. And there are less than 10 major aircraft engine suppliers in the world, and aircraft makers basically only got 2, boeing versus Airbus.

2. The capital cost to start and get in this business is autonomical. And due to safety issues, reputation and aircraft restrictions and requirements, very hard for any Tom Dick and Gary to come in. This is one industry that China copycats will not be able to flood into. Its the kind of business where you need a huge track record to get into. And you can only get the track record by being in it. Chicken and egg story, so basically no one else can get into. Kind of like Mercedes competing in GT1 constructors category. If everyone else pulls out... Then only AMG left, how to compete?

 

3. If Boeing and Airbus can survive multiple accidents and scandals and still be in business... You know this is something that any idiot cousin can run and still make money

 

 

You have heard of Tesla backlog... But order book for boeing and Airbus cut down from 8.6 years to deliver to "only" 6.4 years

Meaning there is still only 2 major aircraft makers in the market

 

4. For aviation, GE did 32.8 billion for the most expensive part for any plane, the jet engines. The question is, so many planes are grounded, when things go back up... The servicing, spare parts alone maintenance alone will be amazing once people start flying again.

 

I don't know about you, but I can bet my bottom dollar once this nightmare is over( and it will end), everyone will be traveling again with a frenzy.

 

I don't know exactly when, and my track record for predicting timing has always been horrible( just look at my purchase of pchem ), but I do know it will happen in the next 5 years.

 

I guarantee it.

 

I don't mind being early to a party... Just as long as I'm there for the main course.

 

You don't want to dress well to go to the wrong hotel...

 

5. And yes, the improvements technology of ge in aviation will inevitably lead to improvements in hydro turbines, natural gas turbines, power plant controls, wind turbines efficiency etc.

 

So yes, I am very into GE, 200k shares@11.20 done.

 

And of course new GE... Still a work in progress, but a lot of acceleration in dropping dead weight like GE lighting.. it's oldest segment. Undoing its oldest problems and spinning off ge capital into genworth financial and synchrony financial to raise cash, kicking out flannery and immelt and replacing it with an outsider who can see what needs to be done without being tied down with the legacy of holding until GE business.

 

https://www.google.com/amp/s/www.cnbc.com/amp/2018/10/02/cramer-explains-why-ges-board-really-booted-former-ceo-john-flannery.html

 

So they finally did all the right things that I like. Cut dividend from 1 dollar a year to 1 cent.

 

Started paying back the pension plan

 

https://www.pionline.com/pension-funds/ge-kicks-25-billion-pension-plan-funding#:~:text=General%20Electric%20voluntarily%20pre-funded,spokeswoman%20confirmed%20in%20an%20email.

 

81% funded and getting the rest insured

 

So... No more ge capital and cutting down insurance, trying to cut down on debt and cutting dividends, concentrate back on their core competency instead of financial engineering.

New management, culp is the first outsider to become ceo of GE in its 126 year history. His party package is tied to the performance of GE shares, so he is very aligned with shareholder performance. If ge share price goes up by 50%, he gets paid 47 million. So you can be sure ge will start going back to basics, selling of unnecessary assets and buying back shares instead of giving out dividends. And if he gets the stock price back up to usd19.... Then he gets paid 230 million. At times the turnaround may seem impossible... But if you are getting paid that much to do a miracle... I would work my ass off as well.

The new transparent GE

 

I think GE has turned the corner, and I like what I see moving forward.

 

I hope you learned something today.

 

My foreign portfolio

Stoneco

Palantir

Uniqlo

Wilmar

China mobile

GE

 

My trackable portfolio in i3 with transactions.

https://klse.i3investor.com/servlets/pfs/120720.jsp

  2 people like this.
 
Stock Eyes Thanks Philip, it is very high quality article, thanks for sharing
15/02/2021 11:10 AM


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