THE INVESTMENT APPROACH OF CALVIN TAN
WHY IS DIVIDEND IMPORTANT? From Dr Neoh Soon Kean's STOCK MARKET INVESTMENT (Reposting by Calvin Tan
calvintaneng
Publish date: Sun, 14 May 2017, 08:49 AM
calvintaneng
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Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
WHY IS DIVIDEND IMPORTANT?
Dividend is important for many reasons. The most important reason has been explained a chapter earlier on, that is, dividend is the only benefit which a shareholder can obtain from a company under the normal circumstances. Profit, per se, is hardly of any use to him directly and the assets are only of value if the company is liquidated which is unlikely in a great majority of cases. Apart from this reason, dividend is important for the following reasons:
1) Dividend is a sure thing.
All too often, investors and speculators pay too much attention to profit forecast. It is amazing that so many malaysian companies have the courage to make profit forecast for many years into the future. What is even more amazing is that so many of the investors seem to believe these forecasts absolutely. It is difficult to make a profit forecast a year ahead, let alone five years or even ten years. Such profit forecasts can only be regarded as extremely shaky.
Let us take a recent example. During 1981, when the "property injection game" was at its height, many of the companies which were first getting into property development business gave very rosy forecasts of future earnings potential, as a result the price of these shares naturally went up to tremendous heights. Since then, the housing market softened considerably and the office rental market has declined 40-50 per cent. In just three years, the profit picture of just about all land development companies has changed considerably. I wonder how many of those forecasts made in 1981 can still stand up to scrutiny today.
Dividend is real and it is something which the shareholders can put to some use. Most companies keep dividend at a level they can afford to pay out irrespective of whether it is a good or bad year and is hence a great deal more certain than profit forecast.
2) Dividend provides a link with reality.
When the market is truly 'hot', few of us can keep truly rational and we tend to be swept along in the general atmosphere of optimism. But the dividend yield of a share keeps us in close touch with the real world. As in the earlier example of OCBC, anyone who keeps his eye on the dividend yield of that share would have realised that the price level was totally unreal. Most people would agree that at a dividend yield of 0.4 per cent it would be better to sell a share and invest the proceed in houses or leave the money in fixed deposit.
In the established stock markets of the world, the dividend yield (ie dividend per share/price per share) usually has a steady relationship with the fixed deposit and its interest rate. It is normal for dividend yield to fluctuate at around 1/3 to 1/2 of the long-term deposit interest rate. This means that when fixed deposit interest is around 10 per cent per annum, stock should sell at a price to provide a yield of 3 per cent to 5 per cent. Taking a look at the yield provided by local shares during bull markets, the dividend yield is usually so low as to be meaningless. Futhermore, one should not forget that fixed deposit of 15 months or longer and fixed deposits in National Savings Bank are interest free in Malaysia while dividend has a witholding tax of 40 per cent applied at source.
3) Dividend provides a 'floor' for shares during bear markets.
Stock markets of the world, especially the Malaysian/Singaporean market is not readily predictable. They can collapse so easily into a 'bear pit' with little warning. If we wished to protect our hard earned capital, we must be defensive in our investment approach. One of the best defense is to buy shares with reasonable dividend yield (i.e. a yield of between 1/2 of deposit interest rate). If we buy a share because it pays a reasonable dividend, our loss is likely to be small even during periods of sharp market decline.
For example, we can buy a share which pays 30 cents dividend at Rm5.00 a share and this gives us a dividend yield of 6 per cent. If the share market goes into a sharp decline, the amount this share can fall to is limited by the fact that it pays a 30 cents dividend. If the price is to fall to as low as Rm3.00, it will be giving a dividend yield of 10 per cent which is about as good as what one can get from fixed deposit but with the additional opportunity to capital gain thrown in.
Most people can see that at that price, the share is probably a good bargain and it is therefore unlikely to fall any lower. It has been my experience that with the exception of mining counters, a dividend yield of 12 per cent seems to be the floor below which most stocks will not drop. In sharp contrast, shares which pay low or no dividend at all do not seem to have any bottom and price decline can hit 90 per cent or more.
4) Dividend yield prevents investors from being side-tracked by irrelevant events.
The Malaysian/Singaporean stock market can be characterised by a large number of events which are of little real benefit to the existing shareholders and yet which excite them greatly. I am referring to the large number of bonus announcements, rights issues, property injections, take-overs, and mergers which have made their appearance in recent years. Most of these events are of little, if any, real economic benefit to the existing shareholders of the companies involved.
Despite this, the price of the shares of a company involved in an event of this nature tends to rise sharply. Later chapters will explain in detail why these events are, in the main, irrelevant and some of them may even be damaging.
For the moment, let us consider the following. According to the dividend yield approach to share valuation, a share can have increased value only if there is a likelihood that its dividend will rise faster than originally expected. We ask ourselves in what way events like bonuses, rights, mergers and re-organisations in themselves can improve the future dividend picture of a company. If these events cannot lead to such an increase, the share surely does not deserve a higher valuation.
It is hoped that readers are, by now, at least partially convinced of the wisdom of buying a share for its dividend. In later chapters, the range of dividend yields which is reasonable for different categories of shares will be examined. In the meantime, I leave you with a short ditty that has been popular for years in the US and is still often quoted as advice to first time share buyers.
A cow for its milk,
Bees for their honey,
And shares, by golly,
For their dividend.
The above passage is taken from the book "STOCK MARKET INVESTMENT" in Malaysia And Singapore
By Dr . Neoh Soon Kean of Dynaquest Sdn Bhd (pp 148 to 150) Published in year 1985.
Calvin comments:
According to Dr. Neoh, "A dividend yield of 12 per cent seems to be the floor below which most stocks will not drop".
In the Deepest Depth of the Lehman Brothers' Crisis after Bear Sterns & Lehman Brothers both gone bankrupt Warren Buffet bought into the safety of Goldman Sachs' Preference shares with guaranteed 10% yield.
One Stock with potential for a Huge Coming Windfall Dividend is OPCOM
Why is it so?
Answer:
Because OPCOM already secured a whopping Rm300 millions Job Awards which will translate to 30 Sen profit. Since OPCOM already Cash Rich with Rm37 millions in hand the bulk of the extra profits will be paid out as a Special Dividend.
Calvin tells all to load up on OPCOM for the coming good dividends.
Last round when OPCOM secured Rm359 millions project award it later gave out a 22.5 sen Special dividend & followed by another 12.5 sen dividend next year
See
|
| 14-Jul-2016 | 26-Jul-2016 | DIVIDEND | Interim Dividend | RM 0.02 |
 |
| 13-Aug-2015 | 26-Aug-2015 | DIVIDEND | Interim Dividend | RM 0.0150 |
|
| 12-Sep-2014 | 29-Sep-2014 | BONUS_ISSUE | Bonus Issue | 1 : 4 |
|
| 14-Jul-2014 | 01-Aug-2014 | DIVIDEND | Interim Dividend | RM 0.0125 |
|
| 26-Aug-2013 | 06-Sep-2013 | DIVIDEND | Special Dividend | RM 0.06 |
|
| 03-Sep-2012 | 14-Sep-2012 | DIVIDEND | Special Dividend | RM 0.11 |
|
| 12-Apr-2012 | 25-Apr-2012 | DIVIDEND | Interim Dividend | RM 0.015 |
|
| 29-Aug-2011 | 14-Sep-2011 | DIVIDEND | Special Dividend | RM 0.225 |
|
| 01-Apr-2011 | 15-Apr-2011 | DIVIDEND | First Interim Dividend | RM 0.02 |
|
| 12-Nov-2010 | 30-Nov-2010 | DIVIDEND | Interim Dividend | RM 0.015 |
|
| 02-Aug-2010 | 13-Aug-2010 | DIVIDEND | Interim Dividend | RM 0.015 |
|
| 02-Apr-2010 | 16-Apr-2010 | DIVIDEND | Interim Dividend | RM 0.015 |
|
| 27-Oct-2009 | 25-Nov-2009 | DIVIDEND | Interim Dividend | RM 0.015 |
|
| 05-Aug-2009 | 26-Aug-2009 | DIVIDEND | Interim Dividend | RM 0.015 |
|
| 11-May-2009 | 22-May-2009 | DIVIDEND | Interim Dividend | RM 0.0166 |
|
| 30-Jan-2009 | 13-Feb-2009 | DIVIDEND | Interim Dividend | RM 0.015 |
|
| 25-Sep-2008 | 10-Oct-2008 | DIVIDEND | Interim Dividend | RM 0.0134 |
|
| 28-Mar-2008 | 09-Apr-2008 | DIVIDEND | Interim Dividend | RM 0.0169 |
|
| 11-Jan-2008 | 24-Jan-2008 | DIVIDEND | Interim Dividend | RM 0.0135 |
|
| 28-Mar-2007 | 12-Apr-2007 | DIVIDEND | Interim Dividend | RM 0.0075 |
|
| 28-Mar-2006 | 18-Apr-2006 | DIVIDEND | Interim Dividend | RM 0.0325 |
|
| 19-Apr-2005 | 06-May-2005 | BONUS_ISSUE | Bonus Issue | 1 : 2 |
|
| 13-Dec-2004 | 31-Dec-2004 | DIVIDEND | Interim Dividend | RM 0.1031 |
|
| 29-Mar-2004 | 15-Apr-2004 | DIVIDEND | Interim Dividend | RM 0.06 |
|
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Discussions
2 people like this. Showing 50 of 67 comments
Icon8888 Heh you have not answered my question
14/05/2017 13:35
Haha! You must have myopic eyesight? I think I am much older than you old man?
Read these words,
My primary focus is On UNDERVALUE STOCK FIRST & FOREMOST. Dividend is the by product. Yes, very good. No? Never mind as long as I BUY INTO VALUE. Warren Buffet Berkshire Hathaway never give out dividend. Dividend is taxable. So Warren thinks just keep all the (dividends) INSIDE THE COMPANY AND LET IT GROW FOR AS LONG AS POSSIBLE TO MAXIMISE MAXIMUM GAINS.
Read again these words,
"My primary focus is On UNDERVALUE STOCK FIRST & FOREMOST.
So dividend is not the first criteria. DRB is very good even though it does not give out dividend like Opcom. You better don't miss this
DRB
De
Rocketing
Bull
Go buy some and hold tight tight till GE14
It will make you enough monies to last a life time of sea cucumbers
Sea cucumbers?
Slurp! I must go JB and get some tomorrow.
So good!
2017-05-14 13:44
gohkimhock when we talk about dividend here, we are talking about the yearly dividend. Not those one off special dividend. This one off special dividend mostly come from disposal of assets and it won't be repeated the next year. It is meaningless.
We all should look for companies which are not expensive and keep on paying handsomely dividend. Thank you HlHai-O.
14/05/2017 13:13
For Opcom.
Lean time also pay dividends. Good times?
Reward shareholders Very generously
See
KLSE: OPCOM (0035) OPCOM HOLDINGS BHD ACE : Technology
14-Jul-2016 26-Jul-2016 DIVIDEND Interim Dividend RM 0.02 Dividend Detail
13-Aug-2015 26-Aug-2015 DIVIDEND Interim Dividend RM 0.0150 Dividend Detail
12-Sep-2014 29-Sep-2014 BONUS_ISSUE Bonus Issue 1 : 4 Dividend Detail
14-Jul-2014 01-Aug-2014 DIVIDEND Interim Dividend RM 0.0125 Dividend Detail
26-Aug-2013 06-Sep-2013 DIVIDEND Special Dividend RM 0.06 Dividend Detail
03-Sep-2012 14-Sep-2012 DIVIDEND Special Dividend RM 0.11 Dividend Detail
12-Apr-2012 25-Apr-2012 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
29-Aug-2011 14-Sep-2011 DIVIDEND Special Dividend RM 0.225 Dividend Detail
01-Apr-2011 15-Apr-2011 DIVIDEND First Interim Dividend RM 0.02 Dividend Detail
12-Nov-2010 30-Nov-2010 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
02-Aug-2010 13-Aug-2010 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
02-Apr-2010 16-Apr-2010 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
27-Oct-2009 25-Nov-2009 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
05-Aug-2009 26-Aug-2009 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
11-May-2009 22-May-2009 DIVIDEND Interim Dividend RM 0.0166 Dividend Detail
30-Jan-2009 13-Feb-2009 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
25-Sep-2008 10-Oct-2008 DIVIDEND Interim Dividend RM 0.0134 Dividend Detail
28-Mar-2008 09-Apr-2008 DIVIDEND Interim Dividend RM 0.0169 Dividend Detail
11-Jan-2008 24-Jan-2008 DIVIDEND Interim Dividend RM 0.0135 Dividend Detail
28-Mar-2007 12-Apr-2007 DIVIDEND Interim Dividend RM 0.0075 Dividend Detail
28-Mar-2006 18-Apr-2006 DIVIDEND Interim Dividend RM 0.0325 Dividend Detail
19-Apr-2005 06-May-2005 BONUS_ISSUE Bonus Issue 1 : 2 Dividend Detail
13-Dec-2004 31-Dec-2004 DIVIDEND Interim Dividend RM 0.1031 Dividend Detail
29-Mar-2004 15-Apr-2004 DIVIDEND Interim Dividend RM 0.06 Dividend Detail
2017-05-14 13:48
Lk036 Calvin, what about Bplant? Dividend almost 9%. Long term how? Capital appreciation?
14/05/2017 13:36
Yes Lk036,
I forgot about BPlant. I bought this and got it locked up in the safe box. Forgot about this B(ank) Plant which give excellent dividends.
BPlant has lots and lots of undervalue assets that can be sold for cash & continue to give out dividends. I am still waiting for any weakness to add more.
2017-05-14 13:52
Posted by MusangK1ng > May 14, 2017 01:56 PM | Report Abuse
Diam 7 lor mr226.
No lah!
When stocks like these
1) OPCOM
2) DUTALAND
3) BJ CORP
4) BPURI
5) PBA
are still dirt cheap I WILL SHOUT (no diam diam) OUT LOUD FOR ALL TO BUY
Why?
Answer:
BUY LOW LAH! BUY LOWER & LOWEST THE BEST!!
Once these stocks flew away! Calvin won't be shouting any more
See last time I bought Super Enterprize at Rm1.25
And I shouted & shouted for all to buy while cheap & few paid attention. Then Super turned supersonic and gone up 200% & taken private at Rm3.75?
Only then this sea cucumber lover old man came out to comment:
Posted by Icon8888 > Feb 17, 2015 07:28 PM | Report Abuse
bloody hell calvin quietly makan
how come never tip us off ?
warren buffet of iskander !
And when Jaks was down in the dump on December 16 2014 at 40 sen I shouted for all to buy
See
Posted by calvintaneng > Dec 16, 2014 03:00 PM | Report Abuse X
Whoa!
Top boss bought at 44 cents and above, millions of them. Anything below 40 cents is a bargain!
So don't wait or else Jaks jump Jump JUMP Up And Away!
AND JAKS JUMPED TO RM1.60 (UP 300%). Now another Old man called Uncle Koon is going GaGa over Jaks
So?
So better buy Opcom, Dutaland, BPuri, Bj Corp & PBA NOW! Yes NOW!!
And after Opcom, Dutaland, BPuri & Bj Corp jumped over Rm1.00 you won't see Calvin shouting anymore. But I can't stop "future experts" telling you to buy Opcom, Dutaland, BPuri, Bj Corp & PBA because they say "the sky is the limit" then "in the future".
2017-05-14 14:16
Posted by John Lu > May 14, 2017 04:18 PM | Report Abuse
Talking non stop but end up rank 226...haha haha
Yesss!
See
All who bought into DRB at 93 sen have already made 80% NOW that DRB hit Rm1.68
LOL! Wahaha!
See how you got slaughtered in Melewar?
Koon Bee I busy buy today feom 60c to 56.5c
09/11/2016 20:00
On 9 Nov 2016 John Lu bought Melewar at 60 sen?
Then Melewar collapsed more than 45% to around 32 sen? Then John Lu suffered horrendous losses
See
John Lu Alamak!!!
28/11/2016 18:50
John Lu cry for mother?
John Lu
I am bleeding on Melewar
01/12/2016 09:56
2017-05-14 16:26
LOL...see who ask selling Airasia at rm2 above, comcorp at 50c, seacera at 90c, sendai at 70c, hibiscus aat 30.5c
Hahahahaha...all above stock up like no tomorrow after sochai Calvin asking to sell
2017-05-14 16:37
He kept lying about airasia and yet airasia reached 350
That is why every time I saw him I ask him to stop lying
2017-05-14 16:46
Calvin bro, use your life good...
Life can be very simple
Don't confusing it.
Go out, make a few frens
Readers here are happy to see u as a better form in life.
Be humble, many sifus here willing to share if u ask in good way.
2017-05-14 16:49
Icon8888 He kept lying about airasia and yet airasia reached 350
That is why every time I saw him I ask him to stop lying
14/05/2017 16:46
Icon8888,
You see, in stocks we pass judgments according to what we know. If I am always 100% correct every thing I would be an immortal.
I not only warned about AirAsia & AAX for their high debt load. I also warned about IFCA, Sumtech, VSolar & XOX.
So I might also make a wrong call on Airasia? I have yet to see Airasia's purported selling AAC and giving out a special Rm1.00 dividend. And Airasia has given a first and final dividend of only 12 sen See http://www.bursamalaysia.com/market/listed-companies/company-announcements/5389653
So you admitted you have sold off Airasia before even sale of AAC is finalised?
Do I charge you for lying & misleading?
2017-05-14 17:08
VenFx Calvin bro, use your life good...
Life can be very simple
Don't confusing it.
Go out, make a few frens
Readers here are happy to see u as a better form in life.
Be humble, many sifus here willing to share if u ask in good way.
14/05/2017 16:49
Yes VenFx
I appreciate you changed attitude. I am happy that you made money in Prestar & Mycron
2017-05-14 17:10
Yes one more thing Sifu Icon8888
Your call on Pohuat was chun chun
I admit being too cautious when I saw Trump in power. I thought export stocks might be hit hard.
Then I saw KcchongNz picked Latitude
And Stockraider picked Focus Lumber
So I took another look at Pohuat
These facts I found
1) Pohuat has 2 factories in Vietnam and one factory in Malaysia
2) Vietnam's Real Estate now in Hot Property Boom. So Pohuat should do quite well.
3) I see one Insider is buying Pohuat warrant at 79 sen.
Will Pohuat next quarter result be good?
I think most probably.
2017-05-14 17:21
Posted by Alex > May 14, 2017 05:08 PM | Report Abuse
drb up, calvin ranking up. yahoo =D
Calvin say thank you
I hope all make money this bull run year.
Market will be in up trending mode all the way until GE14 Election
Only thing I hope all will invest wisely.
2017-05-14 17:25
Drb up but Calvin ranking actually no change at all. And coincidentally all the shares he promotes not in his portfolio. LOL
2017-05-14 17:39
Uncle Calvin , go out make some friends. Don't keep staying in ur HDB room and be a loser. LOL.
2017-05-14 17:40
Well well well, sweet tongue you have, and smooth words you speak... Unfortunately many people here are not stupid... They can differentiate genuine wrong judgement from lies spreaded with intention to smear and sabotage
You know very well that the so called "RM100 bil debt" are nothing but future capex commitment to be spreaded out over many many years.
But out of jealousy arising from your own underperformance, you cooked up stories to try to drive down Airasia share price
That is why I kept advising you not to do that
Repent, calvin tan, repent... God is watching you...
--------
Posted by calvintaneng > May 14, 2017 05:08 PM | Report Abuse
Icon8888 He kept lying about airasia and yet airasia reached 350
That is why every time I saw him I ask him to stop lying
14/05/2017 16:46
Icon8888,
You see, in stocks we pass judgments according to what we know. If I am always 100% correct every thing I would be an immortal.
I not only warned about AirAsia & AAX for their high debt load. I also warned about IFCA, Sumtech, VSolar & XOX.
So I might also make a wrong call on Airasia? I have yet to see Airasia's purported selling AAC and giving out a special Rm1.00 dividend. And Airasia has given a first and final dividend of only 12 sen See http://www.bursamalaysia.com/market/listed-companies/company-announcements/5389653
So you admitted you have sold off Airasia before even sale of AAC is finalised?
Do I charge you for lying & misleading?
2017-05-14 17:44
No need to worry...as long he is a Jesus believer...god will forgive all his sins...and send him to heaven.
But say...at the last final hours..somehow he could not wholeheartedly believe in Jesus...he can quickly utter 'there is no god other than Axxah"....and split seconds all his sins are washed away....
apa mau takut.
2017-05-14 17:48
It's bull market and Calvin aka the mr226 still can't make money - can't even beat the index and talk cock. LOL.
2017-05-14 17:48
Posted by Patron > May 14, 2017 05:39 PM | Report Abuse
Drb up but Calvin ranking actually no change at all. And coincidentally all the shares he promotes not in his portfolio. LOL
Haha!
You are correct!
I promoted stocks with immediate catalysts.
For Opcom, Dutaland, BPuri, Bj Corp & PBA the catalysts will come in later stages.
Let me illustrate
It takes only slightly more than 2 months for cat to conceive & give birth to kittens. But it takes about 9 months for a human child to be born.
The stocks with catalysts now are GE14 Election stocks like
DNex, DRB/POS & MRCB. Since DNex already up 100% I think DRB & MRCB will run up more.
Will explain Dutaland, BPuri, Bj Corp & PBA later.
I think OPCOM will run first since HTPadu already jumped
2017-05-14 17:51
Patron
It's bull market and Calvin aka the mr226 still can't make money - can't even beat the index and talk cock. LOL.
14/05/2017 17:48
How do you know Calvin didn't make money? Did I put all monies into the 5 stocks for contest?
I loaded up on C30 DRB at 12 sen. I bought more DRB C30 at 16 sen. Then I sailang more into DRB C30 at 20 sen.
See now DRB C30 is at 30 sen? I already made more than 100% already.
I look forward to SEE DRB C30 at Rm1.00 by Nov. 2017, hopefully.
As DRB C30 expires by Nov 2017 I cannot enter it for contest as it ends only on 31st December 2017
2017-05-14 18:01
Calvin go ahead and promote your cat and dog stocks , but no need to sabotage others... that is all I have to say
2017-05-14 18:04
Calvin is the liar...haha haha
No wonder he rank 226...result speak everything...LOL
2017-05-14 18:05
Calvintaneng is the loser with rank 226...haha...226 = bottom 5...WHY THIS SOCHAI SIFU TALKING NON STOP BUT SO LOUSY IN HIS STOCK PICK PERFORMANCE? LOUSY...BAD KARMA
2017-05-14 18:15
LOL I made tons of monies from dnex , iwcity this and that - do you believe it?? 大炮 马后炮 I thought cp teh is no.1. I was wrong
2017-05-14 18:29
No wonder rank 226...all his sell call go up like no tomorrow and all his buy call drop gg with classic example bjcorp, mui, mulpha, kbunai, alam, perisai etc...sochai calvintaneng go fly kites
2017-05-14 18:33
Don't waste time now
Tomorrow when market opens
Try to get some OPCOM before price runs away further. Hopefully you guys can get some on weakness?
Just buy OPCOM & Hold it tightly until Special Dividend is announced.
Sure win (99%) no loss counter (1% black swan even if nuclear war starts)
Also get DRB & MRCB as GE14 Election drawing nearer.
If want to try short term and see how Pohuat result good. Then buy some Pohuat (Power huat)
Pohuat (Power huat) was my chun chun call at Rm1.25. It jumped to Rm3.80 and split (up 200%)
Normally I don't tell people to chase. But since insiders are buying I think up trend for Pohuat intact.
Good luck.
2017-05-14 18:37
Posted by John Lu > May 14, 2017 06:38 PM | Report Abuse
LOL...i wonder anyone believe mr 226...haha haha
LOL?
Calvin will have the last laugh by 31st December 2017
See early early morning chicken got a few juicy worms and start crackling?
Eagle is flying to catch that mountain goat.
What are a few worms compared to a mountain goat?
See
1) Jaks was 40 sen. Now Rm1.60 (up 300%)
2) Pohuat made more than 200%
3) Silk made 200%
4) Super Enterprize made 200%
YAHOOO!!!
2017-05-14 18:42
LOL...seems that Calvintaneng forget his bjcorp, mui, mpcorp, kbunai, alam perisai, mulpha call at 100% higher than current price...lol
2017-05-14 18:43
LOl all the so called " monies " you made are paper gain no prof no nothing. Your portfolio still 226 in this bull market. Really like to syiok sendiri. Go back to your HDB room and tfk la. Kiasu and kiasi. Typical Singaporean dog
2017-05-14 18:49
Reminds me of cp teh another idiot who shorted the market all the way up and keep making noises LOl!
2017-05-14 18:51
Posted by CanCan168 > May 13, 2017 12:59 PM | Report Abuse
Calvin...need a little guidance...read Opcom QR..red arrows down...still buy buy.
Calvin thinks last quarter result is good for these figures:
1) PPE has increased from 38 mil to 41 mil = Jumped 3 mil
2) Investment in associates from 13 mil to 16 mil = Rm3 mil more
3) Inventories up 3 mil
4) Receivables (hutang from TM) up another 4 millions
So 3 + 3 + 3 + 4 = Rm13 millions increase of Net Worth for OPCOM
So if any careless accountant or stock broker just read on the surface without digging out the details will only see Rm1.2 mil profit or 0.8 sen only. They they will give OPCOM a pass and miss this Gold mine.
Now learn to see NET NET or TOTAL NET WORTH.
From NTA you can SEE that it has gone up from 50 sen to 54 sen
And bottom line also reveal these figures
TOTAL EQUITY AND LIABILITIES: Rm132,728,000 (current) Rm121,317,000 (last time)
So total NET Worth has increased by Rm11.411 Millions (not the miserable Rm1.2 millions as reported)
I see the earnings should be 7.6 Sen & not 0.8 Sen
So think NET NET (not net cash profit only)
Ha! For those who still don't get it let me simplify it ok?
If you earn Rm11,400 a month salary and
buy Rm3,000 value in gold
invest in shares for another Rm3,000
then you pay down your monthly installment in a shop house Rm4,200
How much cash left?
Rm1,200 only
So is your income only Rm1,200 only?
Of course not!
Your total income or net worth consists of
1) Gold
2) Shares you bought
3) Shophouse
4) Cash
So OPCOM total Net Worth has grown by
1) Increase in PPE (Property Plant & Equipment)
2) Receivables (money owed by Telekom) Question is. IsTelekom dependable to pay up?
3) Investment in associates & Inventories
4) CASH (Cash is least needed as OPCOM has over Rm37 millions Cash already)
2017-05-14 19:01
if u like Dividend, Bplant CONSISTENTLY gives almost 9% dividend/year!
another good one, Bjtoto is giving almost 6% dividend/year.
2017-05-14 22:05
Posted by 精明博吧：人生几何 > May 14, 2017 10:37 PM | Report Abuse
calvin lie, he never buy call warrants 1, he asked everybody not to buy, he lie about he bot drb c30.. make 100%. so he can lie about his other gain oso...
You are wrong! Utterly wrong!!
Now go SEE all my posts and find the ones I call for buy on DRB call warrants!!!
2017-05-14 22:41
Who is the liar & accuser who said Calvin never buy call warrant?
See this post & judge for yourselves everybody
Posted by calvintaneng > May 5, 2017 11:17 AM | Report Abuse X
Posted by alibiii > May 5, 2017 10:53 AM | Report Abuse
the only call warrant worth buying are c28 and c30
Calvin thinks Alibiii got it correct:
Buy C28 if you want less gearing but shorter time as it expires on June 2017
Buy C30 but you have to pay a premium as expiry date in in November 2017. This is where hng33 is buying
Both are the best of the call warrants
Call warrants are instrument for leverage. It amplifies gains but can also exacerbate losses due to market fluctuations.
So please be careful.
For now I think DRB is bullish and I am buying a little.
My usual position is to buy the mother and hold long term like 3 to 5 years. And some can hold for 10 years or more
2017-05-14 22:47
thanks for sharing the link but i still dont understand the important of dividend and bonus as it will have effect towards the share price post ex date... do you mind to elaborate more
2017-05-14 22:53
Posted by Raymond6688 > May 14, 2017 10:53 PM | Report Abuse
thanks for sharing the link but i still dont understand the important of dividend and bonus as it will have effect towards the share price post ex date... do you mind to elaborate more
Raymond,
Let's leave out bonus & focus on dividend.
Look at it this way.
When a company makes say, Rm1 million a year. And prospect is good as business will still grow. And it is into something like selling food. It does not need to invest the extra monies like more research & development. See coca cola & wrigley chewing gum have the same taste for a hundred years.
Say the profit keeps coming in year after year.
The profit will cause share price to got up
Say from Rm1.00 to Rm1.20 (if 1 million equals to 20 sen per share)
So if he gives out 20 sen dividend
Share price will be like this
Rm1.20 (after ex dividend price is Rm1.00)
Then next year's Rm1 million profit will add another 20 sen
So Rm1.00 + 20 sen = Rm1.20 again
So this cycle repeats.
If profit can increase then dividend payout will also increase
Examples are Dutch Lady, Harrison, Bplant, TMakmur (taken private)
2017-05-14 23:04
Telling liar is his habit...apalah invest 3% of his capital, sell house to pump in market, 100% chun chun call...talk 2 pages long also useless when you are rank 226 or bottom 5....ha ha ha ha...MEMALUKAN
2017-05-14 23:11
Posted by smalltimer > May 14, 2017 11:13 PM | Report Abuse
At least his anal...on POS is correct
Smalltimer from Pm Corp's time?
Better go load up on Opcom!
2017-05-14 23:17
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Calvin, what about Bplant? Dividend almost 9%. Long term how? Capital appreciation?
2017-05-14 13:36