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Author: kcchongnz   |   Latest post: Sun, 16 Jun 2019, 8:57 PM

 

Dayang, how will its share price move next week? kcchongnz

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Bonus Issues, Share split, Free Warrants, Rights Issues and Private Placements

Waiter: Do you want to slice your pizza to 5 pieces or 10 pieces?

Me: No, 20 pieces please. I am very hungry.

Dayang announced its corporate exercise after the close of the market last Friday. How will its share price move next Monday?

What are corporate exercises and why such exercises?

Bonus is fully paid-up new ordinary shares issued free to existing shareholders in proportion to their current stock/shareholdings. It capitalizes a part of distributable reserve in retained earnings to bring:

(1) share capital more in line with the assets employed; and

(2) a high share price back to a more manageable amount, thus seemingly enhancing its marketability.

Although the number of shares held by each shareholder increases, few investors realize that the value of the total shareholding remains the same as before the bonus issue, just like cutting the pizza above. Share split is quite similar to bonus issues, but by splitting say a stock to five stocks, with 5 times more shares outstanding, but sharing the same earnings and cash flows of the company.

Rights issue involves shares being offered to existing shareholders at a discount to the current trading price, for the purpose of raising funds for the company. Capital is raised when investors pay for the new shares that are being issued. Companies can use the raised capital to acquire assets, make a take-over, repay debts or save themselves from bankruptcies. Rights issues however are sometimes issued by companies with healthy balance sheets in order to fund research and development projects or to purchase new companies.

Private placement does the same purpose as the Rights Issues except that the shares are offered to institutional investors or high net-worth individuals, normally closed to the management at a discount. Private placement could dilute the shareholding of the existing shareholders. However, it is a faster exercise with minimal regulatory requirements and shareholders may see long-term gains if the company can effectively invest the extra capital obtained and ultimately increase its revenues and profitability.

Warrants are long-term instruments that also allow shareholders to purchase additional shares of stock at a discounted price, but they are typically issued with an exercise price above the current market price to provide opportunity for shareholders to convert the warrants to ordinary shares within a fixed period of time up to 10 years. Warrants are usually offered in conjunction with right issues and act as a “sweetener” in Bursa. Often, they are offered for “free”, just to boast up share price and potential return to existing shareholders. In Jaks’ case at the end of 2018, it was offered with a price of 25 sen each. It can be converted to the underlying share within 5 years with an exercise price of 64 sen. Only a third of the warrants Rights were subscribed.

Of course, a company can raise capital by other ways, such as borrowing from banks or issuing bonds or loan stocks, convertible loan stocks, redeemable preference shares etc. However, there can be times where the banks and investors may be reluctant to lend, especially if the company is not doing well. In addition, high interest rate incurred by loans or the issuance of bonds and other securities may also force a company to raise capital through rights issue offering and private placement.

Effects of corporate exercises

Bonus issues, share split and Rights issue will cause a company’s net profit to spread over a larger number of shares. In other words, a company’s earnings per share will decrease as earnings allocated to each ordinary share an investor has invested in will be diluted. However, capital raised through rights issue can further strengthen the company’s balance sheet and allow it to pursue strategic opportunities in core markets.

After the announcement on the Bonus, share split and Rights Issue, and free warrant, the shares will be trading on a “cum” basis. As long as an investor purchases the shares while they are trading on “Cum” basis, the shareholder will be eligible to receive the Bonus Shares and subscribe to the Right Shares as declared by the company. Once the shares trade on “ex” basis, an investor who purchases the shares will no longer be eligible to receive the Bonus, right Shares and Warrants as declared by the company. Rights are often renounceable, and investors can sell off the Rights after the ex-date for a period of about 1-2 weeks before expiry of the Rights.

Investors’ Reactions

When a company in Bursa announces a corporate exercise such as bonus issues, share splits, free warrants, existing shareholders jump up with joys when share price spikes while new investors scrambled to join in the party. Why not when they can get free shares, or more shares without having to pay any money. However, nothing can be created from the sky, except that the shares appear to be more liquid.

How do investors behave when there is a rights issues, when existing investors have to come out with money to subscribe for more shares?

Sapura Energy’s Rights Issues was undersubscribed by 18.5% in 2018. Jaks’ warrants Rights Issues suffered gross under-subscription of 68% at the end of 2018. Jaks’ share price dropped from about RM1.00 to about 40 sen in about 3 months after the announcement of the warrants Rights. The existing shareholders of Jaks and Sapura Energy didn’t seem happy though.

In 2018, Eversendai had a private placement with institutional investors at a discount of 10% below its market price of about RM1.00 then. However, the more shares it placed, the fiercer the drop of its share price.  In the end the company halted the private placement and little money was raised. As on today, the share price of Sendai has dropped by 57% to 43 sen now, in less than a year!

Dayang recently announced a corporate exercise of Rights Issues and Private Placement. I as an investor would not be happy as I have to come out with more money and my shareholding is being diluted by the discounted private placement. But this is just out of necessity that this exercise needs to be carried out to strengthen its balance sheet and that of its subsidiary Perdana Petroleum, which may be a good exercise.

Reading the comments from i3investor, the response doesn’t seem to be positive. How will the share price of Dayang reacts next week? I honestly don’t know, and don’t care much about the short-term movement of share price.

Focus on the performance of the company business, not these corporate gimmicks and we will do better in our investment journey. Avoid all those useless noises in investing, and we will do satisfactorily in our long-term investing journey.

With that I will celebrate my life, not the announcement of Rights Issues and Private Placement of Dayang, with a better Otago Gibbston Valley Reserve Pinot Noir here.

Oh yeah, I have written an eBook on how to take care of your personal finance, investing options and what, which and how to focus on the business of a company if you wish to invest in its stock. Anyone interested please email me at,

ckc13invest@gmail.com

It is free.

 

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Labels: DAYANG

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Chart Stock Name Last Change Volume 
DAYANG 1.16 -0.03 (2.52%) 12,933,000 

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kcchongnz Posted by qqq3 > May 25, 2019 5:27 PM | Report Abuse
aiyah kc............Look at Dayang and PIE.....your kind of favorites FA.....so how?
u say you teach people to fish not give fish to them....so u teach them to fish dayang and PIE , then how?

Are you sure you a 60+ year old retired accountant?

Your brain is like a three year old kid.
25/05/2019 5:42 PM
1Bid Comment deleted.

Thumbs up for article like this for debates. Gentlemen please continue.
25/05/2019 5:44 PM
(US/CHN trade war doesn't matter) Philip Super interesting! My respect is now increased. KC makes much sense and more gentleman.

Learn even more things now, and even more disrespect to Calvin tan.

I am now looking for a TA sifu willing to take from me money to invest using technical analysis. Willing to put down rm500k-2m for someone with a portfolio personally grown using poorly technical analysis.


>>>>>>
Posted by kcchongnz > May 25, 2019 5:41 PM | Report Abuse

Anyway, this issue is closed. Let us not talk about it any more.
25/05/2019 6:49 PM
Sslee Dear all,
Do you know on 3rd Dec 2016, Mr. Koon had to swallow his pride and offer an open apology to Mr. KC Chong?
https://klse.i3investor.com/blogs/koonyewyinblog/110867.jsp
Let’s find a solution - Koon Yew Yin
As you all know, Mr. KC Chong and I have a problem. I slept with the problem last night and when I woke up this morning, I found a solution in my hand. It is not a wet solution. It is a solid one that can really resolve our differences.
---------------
Moral: The attitude of negotiation and problem solving is to find the 18th coin i.e. the common ground. Once we are able to find the common ground, the issue is resolved. It is difficult at times.
However, to reach a solution, the first step is to believe that there is a solution.
I trust KC Chong will forgive me for all the bad things I said that caused the misunderstanding.

Thank you
P/S: The fortune and judgment of Mr. Koon change for the worst since quack accountant appear into his life. Wonder why?

https://klse.i3investor.com/blogs/stockman/105961.jsp
For Koon Yew Yin
Author: stockmanmy | Publish date: Fri, 7 Oct 2016, 4:23 PM

Posted by Desa20201956 >Feb 9, 2016 12:29 AM | Report Abuse
to be able to have a proven track record in the share market....and to write good articles on politics ....that is a rare combination.
A very very rare combination in Malaysia.
That is KYY.

The beginning of the end of KYY
Posted by yewyin33 >Feb 9, 2016 3:21 AM | Report Abuse
I ham very happy to see that most of my articles have readers and comments. But unfortunately most of the critics cannot appreciate my writings. I have high respect for JT Yeo and Desa20201956. Please write to me yewyin33@gmail.com because I wish to know you and I would like to explore how we can work together to make more money.
25/05/2019 8:52 PM
qqq3 Beginners who are not ready yet are being rush into share market by sifus, subscription services.............that is very bad. FA TA whatever A not enough to understand share market........I would say, for beginners, focus on quality is good advise.

Beginners need time and not rushed by sifus. They have no idea what they are getting themselves into.
25/05/2019 10:37 PM
Ooi Teik Bee Posted by qqq3 > May 25, 2019 3:35 PM | Report Abuse

kc.............just look at Dayang and PIE..............u can honestly say yours and OTB FA can pakai?

Ans :
What a shame here.
Losing so much money in Jaks and sendai still dare to boast that he made a lot of money.

The amount of money I made from Dayang is enough for qqq3 to retire and shut his mouth.
I measure my performance on the amount of money I made from stock market.
I do not care whether my FA report is below par or above par.

I always remember, A good cat is the cat that can catch a rat.
A good FA report will help me made a lot of money.
A good TA and FA skill will help me to build my wealth.

I do not care about bad remarks on me, it will not affect my money in my bank account.
I care if I lose my money.

Thank you to make me famous in I3 by quoting my name all the times.
Ooi
25/05/2019 11:04 PM
qqq3 Beginners who are not ready yet are being rush into share market by sifus, subscription services.............that is very bad. FA TA whatever A not enough to understand share market........I would say, for beginners, focus on quality is good advise.

Beginners need time and not rushed by sifus. They have no idea what they are getting themselves into.

as for otb/kc...no more honest way to cari makan meh?
26/05/2019 12:19 AM
qqq3 do u have no shame? can u block out all your mistakes and exaggerate all your successes??

if u can, then u qualify to be sifu, service providers, subscription provider.
26/05/2019 1:33 AM
Ooi Teik Bee Posted by qqq3 > May 26, 2019 1:33 AM | Report Abuse

if u can, then u qualify to be sifu, service providers, subscription provider.

Ans :
As far as Dayang is concerned, I am very proud to have recommended this stock to buy at 0.58 and add position at 0.82.
Sell all of them from 1.20 to 1.74.
I talk with facts and figures, all transactions are transparent.

Unlike qqq3, talk only without any proof.
A liar is always a liar.
You cannot cover so many holes if you continue to tell lies after lies.

I do not need to cari makan in I3, I do not even want to post my recommendation here for a long time.
Still want to attack me to show that qqq3 is not so bad.

It is so simple, if qqq3 is so good, you should have made million in stock market.
I really want to laugh at him, do not even have RM 100k to invest in stock market.
May be the capital is less than RM 100k now after losing so much on Jaks and Sendai. He sailang big on Jaks and Sendai when Jaks was at 1.70 and Sendai at around 1.00 respectively.
Please look at the price now, dropped > 50% to 70% from his buying price.
So sad for him.

Still want to talk bad about Kcchongnz and me.
Both of us can retire and thinking about distribution of wealth to our children.
26/05/2019 8:45 AM
Sslee Hahahaha,
Quack accountant, after caught with your pants down with lies for so many times, I now wondering who are you? Can you be what you say, a small time trader with only few thousands in investment, two children and have not worked for 20 years and still happy and positive? Are you pretend to be a pig but eat tiger: 扮猪吃老虎? Are you an agent provocateur/sycophant or a black hand for pump and dump syndicate?
So my advice to everyone please avoid quack accountant like a plague
26/05/2019 9:37 AM
qqq3 lee...u are spokes person and agent of OTB ...that is obvious to all.
26/05/2019 10:25 AM
qqq3 otb...everyone is entitled to post his or her opinion...and I surely do have strong opinions on the subject...............
26/05/2019 10:27 AM
qqq3 a small time trader with three hundred thousand in investment, two grown children now working but I have not worked for > 20 years and still happy and positive?...factually correct.
26/05/2019 10:31 AM
qqq3 and why shouldn't I be happy and positive?.......only a few years ago , my 2 children just entering private universities and my portfolio size then is only $ 50,000.
26/05/2019 10:36 AM
qqq3 and whether I am quack/fake accountant or not is of no concern to anyone especially since I have not worked > 20 years already.....and not applying for any job.
26/05/2019 10:45 AM
qqq3 do u have no shame? can u block out all your mistakes and exaggerate all your successes??

if u can, then u qualify to be sifu, service providers, subscription provider.

and I do think these are fundamental irrevocable statements.........
26/05/2019 10:48 AM
qqq3 stock market..those who think they have mastered the stock market are soon humiliated.....but why some not humiliated one? Because thick skin and no shame, can block negative thoughts and exaggerate successes.
26/05/2019 10:53 AM
Ooi Teik Bee qqq3,
Want to attack people to seek recognition will not make yourself very great.
I have been quiet for many months to a year, still want to attack me to gain publicity.
I never post anything in I3 for a year, still want to talk bad about me.

qqq3, you are nothing if compared against me.
You can jump 10 times, you still cannot be better than me.

Want to compare the achievement of my children, you also lost to me.

You have nothing better than me.
May be you are better than me in telling big lies in I3.
26/05/2019 10:54 AM
qqq3 Ooi Teik Bee > May 26, 2019 10:54 AM | Report Abuse

qqq3,
Want to attack people to seek recognition will not make yourself very great.
============

why great? I retired long long time ago.....greatness never entered my mind.
26/05/2019 10:56 AM
Ooi Teik Bee It is so simple, if qqq3 is so good, you should have made million in stock market.
I really want to laugh at him, do not even have RM 100k to invest in stock market.
May be the capital is less than RM 100k now after losing so much on Jaks and Sendai. He sailang big on Jaks and Sendai when Jaks was at 1.70 and Sendai at around 1.00 respectively.
Please look at the price now, dropped > 50% to 70% from his buying price.
So sad for him.
26/05/2019 10:56 AM
qqq3 otb....I am just a small time trader but that does not mean I do not have strong opinions.

As for Jaks and Sendai....I think I was very good....How else could I have made money on Jaks and Sendai and not lost it all back?
26/05/2019 11:01 AM
Ooi Teik Bee qqq3 sailang big on Jaks and Sendai when Jaks was at 1.70 and Sendai at around 1.00 respectively.
Please look at the price now, dropped > 50% to 70% from his buying price.
So sad for him.

Please do not commit suicide after this big loss.

Every problem still can find solution to it.
Please listen to my advice, please do not commit suicide.
I can talk to your boss to save you.

Please listen to my advice, please do not commit suicide ... I repeat ...

I stop here.
Enough is enough.
I do not have so thick skin like qqq3.
26/05/2019 11:06 AM
qqq3 OTB...for every share that goes up a lot and come crashing down, everyone is right at least once. And OTB, I noticed you have never bought a single share that does not soon come crashing down. What happened to all the analysis and all the reasons to buy? Were those laughable analysis or what?


and the brain can block all the mistakes and exaggerate all the successes?? That is what I call a sifu and a subscription service.
26/05/2019 11:12 AM
Huat1 The comments actually show/reflect the maturity and security of the person. Be fair and kind to others...don't be jealous and have negative emotions as it will only harm yourselves. Participating in the stock market is suppose to give you more fun and happiness, not misery
26/05/2019 11:13 AM
Ooi Teik Bee The forum in I3 is to focus on the fundamental of the stock.
It is sharing of information here.
It should not be used to attack any person here.

qqq3 is using this forum to attack everyone to gain publicity.
He is not welcome here to start all personal attacks.

A person always attack readers in I3 is always a liar,
he never be a good person in I3.

A good person with a sound mind is always a polite and a gentleman.
A good gentleman here will not start a personal attack.
26/05/2019 11:42 AM
qqq3 heaven for OTB is...I do my con , you do yours,,,,never river water to disturb well water.


well, I do no fees and I do no con.
26/05/2019 1:07 PM
qqq3 for beginners, focus on quality is good advice..........

Just look at OTB shares, has OTB ever bought a single share that does not collapse soon after? So, what is the meaning and purpose of all the laughable analysis?
26/05/2019 1:10 PM
stockraider What goes up too much will come down, difficult to defy gravity mah...??

Posted by qqq3 > May 26, 2019 1:10 PM | Report Abuse

for beginners, focus on quality is good advice..........

Just look at OTB shares, has OTB ever bought a single share that does not collapse soon after? So, what is the meaning and purpose of all the laughable analysis?
26/05/2019 1:30 PM
Ooi Teik Bee Posted by qqq3 > May 26, 2019 1:10 PM | Report Abuse

for beginners, focus on quality is good advice..........

Just look at OTB shares, has OTB ever bought a single share that does not collapse soon after? So, what is the meaning and purpose of all the laughable analysis?

Ans :
I recommend GCB at 1.70, what is the price now ?
4.00. Still cannot come down.

qqq3 started personal attack, I want to see what will be the consequence to him.
Karma will hit hard on him.

My advice to qqq3, please do not commit suicide even you lost all your money.
26/05/2019 3:47 PM
Ooi Teik Bee Posted by qqq3 > May 26, 2019 1:10 PM | Report Abuse

for beginners, focus on quality is good advice..........

Just look at OTB shares, has OTB ever bought a single share that does not collapse soon after? So, what is the meaning and purpose of all the laughable analysis?

Ans :
I recommend GCB at 1.70, what is the price now ?
4.00. Still cannot come down.

qqq3 started personal attack, I want to see what will be the consequence to him.
Karma will hit hard on him.

My advice to qqq3, please do not commit suicide even you lost all your money.

qqq3 deserved to lose all his money.
He is a big bully in I3.
He is a big liar in I3.
He started personal attack on writers in I3.

The main purpose he started personal attack is he is so jealous we made extra income.

If he is so good, he can start one and competes gentlemanly.
He has no material to compete, hence he is good in bad mouth and jealous of others success.
26/05/2019 3:53 PM
qqq3 ted by Ooi Teik Bee > May 26, 2019 3:47 PM | Report Abuse

I recommend GCB at 1.70, what is the price now ?
=========

then stick to quality , its called compassion and enlightenment.....and professional also.....not to be greedy for performance, not to be side tracked by greed.
26/05/2019 3:53 PM
qqq3 Qualified and licensed advisers remain professional...problem is unlicenced advisers and bloggers and internet advisers got no professionalism.....remisiers worse..........remisiers give u an idea a day, how to be professional, how to have quality?
26/05/2019 3:56 PM
Ooi Teik Bee Please stop all your lies in I3.
Talk with facts and figures.
A liar deserved to lose big.

I do not post any recommendation in I3,
why continue to attack on me ?
The reason is very simple, you are jealous of my success.

I do not advertise in I3,
I did not point a gun to force anyone to listen to me.
No reason to continue to attack me.
Karma will hit hard on you for your bad character.
You will continue to lose big in stock market.
26/05/2019 3:59 PM
qqq3 stick to quality, easy to do but no business after that.....then how?

go back to the small caps lah, swing here swing there, no need professionalism.

no need compassion, no need enlightenment, just need thick skin and black heart.
26/05/2019 4:02 PM
Ooi Teik Bee Posted by qqq3 > May 26, 2019 3:56 PM | Report Abuse

Qualified and licensed advisers remain professional...problem is unlicenced advisers and bloggers and internet advisers got no professionalism.....remisiers worse..........remisiers give u an idea a day, how to be professional, how to have quality?

Ans :
You are a big liar here, you do not know the rule here.
A faked accountant, please talk with facts.
Do not know the rule, keep your mouth shut.
F you all the time.
Remisier is allowed to give advice now.
You are not updated and simply bullshit here.
shame on you.
26/05/2019 4:07 PM
Sslee Dear all,
My advice to all newcomers:
Study the quantitative part of FA
1. Financial data contain in current and past financial report.
a. Profit and loss statement
b. Balance sheet
c. Cash Flow

2. Then use TA base on qualitative part of FA
A. Economy condition. (Current and future)
B. Industry condition. (Current and future)
C. Company management. (Current and future)
With timing enter and exit base on TA chart (Human behavior pattern of Greed & Fear) and Economy condition, Industry condition, Company management condition.

You can follow Philip style buying quality (Slow and steady moving stock if economy and industry condition remain favorable) or fast moving stocks (with sound FA but also fast change on economy, industry and management condition) but never quack stocks base on snake oil medicine (hope)/manipulation with bad FA and Bad management (Ideal for pump and dump)

Thank you.
P/S: Can’t blame OTB if the share price collapses later due to sudden bad external economy and industry conditions. But if you are his subscribers most likely you have cut win/loss when TA trend or economy and industry condition turn unfavorable.
26/05/2019 4:16 PM
Ooi Teik Bee I was invited by Bursa chairman to meet her recently.
She was very impressed by my professionalism.
She was told that I did a good job to recommend good stocks to all my clients.
Most of my clients won big from my recommendations.
I told her that I issued a weekly report to let all my clients know about market outlook.
She told me to keep up the good work.

I did not tell any lies here.
Result will speak for itself.

Do not bullshit remisier cannot give market advice.
qqq3 is a big liar here.
26/05/2019 4:21 PM
Ooi Teik Bee I do not know about Sslee, we only met once recently.
I believe Sslee should know what type of a person I am.
Sslee, Kcchongnz and me, we are all very gentlemen type.
Never talk bad about other people in I3.
26/05/2019 4:25 PM
qqq3 Ooi Teik Bee > May 26, 2019 4:21 PM | Report Abuse

I was invited by Bursa chairman to meet her recently.
======

maybe they are considering whether to press charges you....hahahaha...that will make me laugh.
26/05/2019 4:27 PM
Ooi Teik Bee A liar is always a liar.
Telling lies here never feel a shame.
In this modern world, this person is a big idiot to mankind.

I stop here.
I believe Karma will hit hard on qqq3 for all his lies and bullshit here.
26/05/2019 4:31 PM
qqq3 licensed brokers and their analysts got rules....unlicenced ones got no rules.

so....what is Bursa going to do? We wait and see lah.
26/05/2019 4:32 PM
qqq3 lets talk FA and TA ala KC/OTB style.

FA first

first there is this thing called quality and non quality stuffs. Quality is some thing u know when u see it, especially for old hands.

What happens when u see the trees and not the forest? Good good quarterly reports....rear view drive no front view drive.

5 formulas for valuations, 10 indicators based on the Balance Sheet. Its not that these are bad tools, more relevant question is how reliable are these tools for forecasting?

All the 5 formulas 10 indicators come from same source...the audited accounts and quarterly reports....Its also garbage In Garbage Out. More formulas and more indicators does not equate more reliability.

Stock God? You can keep it. No one has yet invented an AI that can beat the market, even as AI can beat the best players in GO.

What is reality? Is there reality? Its just a moment to moment existence. Between existence and non existence, there is only the Middle Path. Between over/ under valuations, there are also the contrarians who choose to act differently.

Bottom line...those who think they have mastered it soon gets humiliated. Of course, if you are an image peddler, u will fight for your image at whatever the cost.

TA....this one even less need to be say. Its every man for himself.

So who is so thick skin to sell services as if they are stock God? Certain category of people and we all know what kind of people, don't we?
26/05/2019 5:42 PM
qqq3 Fooled by randomness? Very common. More common than people care to admit.
26/05/2019 5:50 PM
qqq3 Investments are best defined as participating in the growth of excellent predictable quality companies..........Every thing else is speculating/ trading.

Definitions are important......Proper definitions help to make money and avoid losses.
26/05/2019 5:59 PM
stockraider U talk so much cock on FA but u r only a trader, why bother leh ??

Posted by qqq3 > May 26, 2019 5:42 PM | Report Abuse

lets talk FA and TA ala KC/OTB style.

FA first

first there is this thing called quality and non quality stuffs. Quality is some thing u know when u see it, especially for old hands.

What happens when u see the trees and not the forest? Good good quarterly reports....rear view drive no front view drive.

5 formulas for valuations, 10 indicators based on the Balance Sheet. Its not that these are bad tools, more relevant question is how reliable are these tools for forecasting?

All the 5 formulas 10 indicators come from same source...the audited accounts and quarterly reports....Its also garbage In Garbage Out. More formulas and more indicators does not equate more reliability.

Stock God? You can keep it. No one has yet invented an AI that can beat the market, even as AI can beat the best players in GO.

What is reality? Is there reality? Its just a moment to moment existence. Between existence and non existence, there is only the Middle Path. Between over/ under valuations, there are also the contrarians who choose to act differently.

Bottom line...those who think they have mastered it soon gets humiliated. Of course, if you are an image peddler, u will fight for your image at whatever the cost.

TA....this one even less need to be say. Its every man for himself.

So who is so thick skin to sell services as if they are stock God? Certain category of people and we all know what kind of people, don't we?


qqq3
11288 posts
Posted by qqq3 > May 26, 2019 5:50 PM | Report Abuse

Fooled by randomness? Very common. More common than people care to admit.


qqq3
11288 posts
Posted by qqq3 > May 26, 2019 5:59 PM | Report Abuse

Investments are best defined as participating in the growth of excellent predictable quality companies..........Every thing else is speculating/ trading.

Definitions are important......Proper definitions help to make money and avoid losses.
26/05/2019 8:03 PM
qqq3 by stockraider > May 26, 2019 8:03 PM | Report Abuse

U talk so much cock on FA but u r only a trader, why bother leh ??
========

right , I am a trader , FA not so important.....

and
Investments are best defined as participating in the growth of excellent predictable quality companies..........Every thing else is speculating/ trading.

Definitions are important......Proper definitions help to make money and avoid losses.
26/05/2019 8:24 PM
Ooi Teik Bee Posted by qqq3 > May 26, 2019 4:32 PM | Report Abuse

licensed brokers and their analysts got rules....unlicenced ones got no rules.

so....what is Bursa going to do? We wait and see lah.

Ans :
This faked accountant is cheating all the readers here all the times.
His face is thicker than the toilet wall.
He did not know the rule well but simply bullshit here.
He just want to argue as if he knows everything, actually he is telling lies after lies.

All educational programs do not need a licence from SC or Bursa to run the business.
They are not regulated by SC or Bursa.
There are so many institutions conduct training course on stock investment without any approval from SC or Bursa. e.g TY Yap, Grandpine, Fred Tham, T3B, Chartnexus and many etc.
They do not need a licence from SC or Bursa to conduct any training course on stock investment.
kcchongnz can conduct his training course freely as he wished without any licence from SC or Bursa.

Who is the big liar here continue to bullshit and tell lies here ?
It is qqq3, an idiot and the big liar here.

He did not know the rule, but simply bullshit here.

Sslee described qqq3 as follows :-
Quote !!
So Please stay far away from quack accountant and do not underestimate his hypnotize power as I see many people in this forum still call quack accountant Sifu and ask for his opinion. Only I and KCChong call this good for nothing quack accountant as fake accountant, snake-oil salesman, a fraudster, a backstabber, a bootlicker, an ass-kisser, a shameless manipulator, King of PLP, King of double talk, King of backstabber, King of poison slanderer, King of jealously, King of low life, King of bullshitting and talk cock, King of dishonest, despicable, distasteful, disgusting and evil.
Unquote !!
26/05/2019 11:06 PM
qqq3 Otb... research newsletter without licence.... why are u surprised if u are being investigated?
26/05/2019 11:32 PM
Ooi Teik Bee All educational programs do not need a licence from SC or Bursa to run the business.
They are not regulated by SC or Bursa.
There are so many institutions conduct training course on stock investment without any approval from SC or Bursa. e.g TY Yap, Grandpine, Fred Tham, T3B, Chartnexus and many etc.
They do not need a licence from SC or Bursa to conduct any training course on stock investment.
kcchongnz can conduct his training course freely as he wished without any licence from SC or Bursa.

Any market outlook report issued by any person does not regulated by SC or Bursa.
Any research report issued by any person does not regulated by SC or Bursa.
Any Tom, Dic and Harris can be an analyst, no special licence is required.

qqq3 is a big liar here.
Liar !! Liar !! Liar !!
Bullshit !! Bullshit !! Bullshit !!

This faked accountant is cheating all the readers here all the times.
His face is thicker than the toilet wall.
He did not know the rule well but simply bullshit here.
He just want to argue as if he knows everything, actually he is telling lies after lies.
26/05/2019 11:42 PM
anticonman Your ROI 100% for 2019 can show proof?

Posted by Ooi Teik Bee > May 26, 2019 4:21 PM | Report Abuse

I was invited by Bursa chairman to meet her recently.
She was very impressed by my professionalism.
She was told that I did a good job to recommend good stocks to all my clients.
Most of my clients won big from my recommendations.
I told her that I issued a weekly report to let all my clients know about market outlook.
She told me to keep up the good work.

I did not tell any lies here.
Result will speak for itself.
27/05/2019 4:14 AM


 

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