THE INVESTMENT APPROACH OF CALVIN TAN
UZMA HAS GROWTH IN NTA OVER THE YEARS WHICH ALL HAVE OVERLOOKED, Calvin Tan Research
calvintaneng
Publish date: Fri, 16 Aug 2019, 08:19 AM
calvintaneng
0 1,793
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.
Hi guys,
The Growth of Uzma is in 3 Areas: 1) Revenue. 2) Cash Position. 3) Assets
Growth in Revenue is good but not enough if debt also increase exponentially. Then we have growth in cash like LionFib, Pm Corp or TA Enterprize which are good. Better if they give out good dividend like TA.
NTA Growth is also Real Growth
Let me explain:
Example:
If you get a salary of Rm10,000 per month
And you buy assets like a Car for Rm50,000 & a house for Rm500,000
Say you pay off the car loan at Rm1,000 a month & house loan at Rm3,000 per month
After deducting your loan commitments you still have remaining Rm6,000 for monthly expense
Suppose you spent Rm5,500 and save Rm500 per month.
So it looks like your income is Rm10,000 and Net Growth is Rm500 or 5%
IS THAT THE CORRECT PICTURE?
NO. OF COURSE NOT!!
BOTH YOUR CAR (RM50,000) & HOUSE (RM500,000 (HOUSE) ARE PART OF YOUR WEALTH
ONLY THING IS THE CAR WILL DEPRECIATE OVER TIME. BUT IF YOU BUY A HOUSE IN A GROWTH LOCATION PRICE WILL GO UP OVER THE YEARS
SO YOUR NET GROWTH OVERALL IS MORE THAN 5%
NOW THAT IS WHY CALVIN TAN RESEARCH ALWAYS LOOK AT THE NET NET PERSPECTIVE (NOT JUST CURRENT CASH POSITION)
IT IS THE NET NET ADDED UP IN TOTAL MINUS ALL LIABILITIES = REAL NET WORTH.
HA!! THAT IS HOW WE ARRIVE AT THE INTRINSIC VALUE
AND WE SHOULD ALWAYS PAY BELOW INTRINSIC VALUE AS A MARGIN OF SAFETY
NOW LET'S TAKE A LOOK AT UZMA NTA GROWTH OVER THE LAST 5 YEARS
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31/03/2014
|
31/03/2013
|
31/03/2014
|
31/03/2013
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
97,718
|
88,897
|
97,718
|
88,897
|
| 2 | Profit/(loss) before tax |
12,302
|
12,181
|
12,302
|
12,181
|
| 3 | Profit/(loss) for the period |
9,500
|
9,339
|
9,500
|
9,339
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
8,428
|
8,855
|
8,428
|
8,855
|
| 5 | Basic earnings/(loss) per share (Subunit) |
6.38
|
6.71
|
6.38
|
6.71
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.0400
|
0.9700
|
||
FOR MAY 2014 THE NTA IS RM1.04
UMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Mar 2015
|
31 Mar 2014
|
31 Mar 2015
|
31 Mar 2014
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
148,529
|
97,718
|
148,529
|
97,718
|
| 2 | Profit/(loss) before tax |
13,086
|
12,302
|
13,086
|
12,302
|
| 3 | Profit/(loss) for the period |
9,577
|
9,500
|
9,577
|
9,500
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
8,054
|
8,428
|
8,054
|
8,428
|
| 5 | Basic earnings/(loss) per share (Subunit) |
3.01
|
6.38
|
3.01
|
6.38
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.0300
|
0.9600
|
||
FOR MAY 2015 NTA IS RM1.03
UMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Mar 2016
|
31 Mar 2015
|
31 Mar 2016
|
31 Mar 2015
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
119,137
|
148,529
|
119,137
|
148,529
|
| 2 | Profit/(loss) before tax |
23,458
|
13,086
|
23,458
|
13,086
|
| 3 | Profit/(loss) for the period |
21,655
|
9,577
|
21,655
|
9,577
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
20,974
|
8,054
|
20,974
|
8,054
|
| 5 | Basic earnings/(loss) per share (Subunit) |
7.21
|
3.01
|
7.21
|
3.01
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.2400
|
1.2200
|
||
FOR MAY 2016 NTA IS RM1.24 (UP BY OVER 20%)
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Mar 2017
|
31 Mar 2016
|
31 Mar 2017
|
31 Mar 2016
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
94,504
|
119,137
|
94,504
|
119,137
|
| 2 | Profit/(loss) before tax |
6,994
|
23,458
|
6,994
|
23,458
|
| 3 | Profit/(loss) for the period |
6,273
|
21,655
|
6,273
|
21,655
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
5,935
|
20,974
|
5,935
|
20,974
|
| 5 | Basic earnings/(loss) per share (Subunit) |
2.04
|
7.21
|
2.04
|
7.21
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.3600
|
1.3800
|
||
FOR MAY 2017 NTA IS RM1.36
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
Three Months
|
Three Months
|
Fifteen Months
|
Twelve Months
|
||
|
01 Jan 2018
To |
01 Jan 2017
To |
01 Jan 2017
To |
01 Jan 2016
To |
||
|
31 Mar 2018
|
31 Mar 2017
|
31 Mar 2018
|
31 Dec 2016
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
91,932
|
94,504
|
467,644
|
471,050
|
| 2 | Profit/(loss) before tax |
2,369
|
6,994
|
28,964
|
50,536
|
| 3 | Profit/(loss) for the period |
333
|
6,273
|
26,495
|
44,121
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
-100
|
5,935
|
24,131
|
39,328
|
| 5 | Basic earnings/(loss) per share (Subunit) |
-0.03
|
2.04
|
7.88
|
13.52
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.4400
|
1.3800
|
||
FOR MAY 2018 NTA IS RM1.44
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Mar 2019
|
31 Mar 2018
|
31 Mar 2019
|
31 Mar 2018
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
111,433
|
91,932
|
304,536
|
301,621
|
| 2 | Profit/(loss) before tax |
5,599
|
2,369
|
22,115
|
12,196
|
| 3 | Profit/(loss) for the period |
4,335
|
333
|
20,534
|
13,991
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
2,485
|
-100
|
17,900
|
12,590
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.78
|
-0.03
|
5.59
|
4.11
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.5400
|
1.4800
|
||
LATEST QUARTER RESULT FOR MAY 2019 NTA IS AT A NEW HIGH OF RM1.54
AMONG THESE NET ASSETS ARE 9 HWUs & MARINE OIL BUSINESS & OTHER GROWING COMPANIES ACQUIRED WITH CASH
ASSETS BOUGHT WHEN USD WAS LOWER. SO WITH HIGH USD FEW OIL AND GAS ENTITIES COULD JOIN AS BARRIER TO ENTRY WILL BE PROHIBITIVE
AND THERE IS WEALTH IN THESE ASSETS OF VALUE
ON THE OTHER HAND COMPANIES THAT CANNOT GROW IN ASSETS WHEN INSOLVENT WILL FALL INTO PN17
OR THEY MIGHT GO INTO CONSOLIDATION LIKE 10 BECOME ONE
BUT THERE IS A HIGH POSSIBILITY THAT UZMA MIGHT GIVE OUT BONUS SHARES WITH FREE WARRANTS IF NTA KEEPS ON GROWING LIKE MEGA FIRST (MFCB) , TN LOGIS OR PINTARAS JAYA
I have good fortune of buying all 3 of the above by looking at them from ASSET GROWTH IN FOCUS
WILL UZMA JOIN THEM ONE DAY?
HOPEFULLY
BEST REGARDS
Calvin Tan Research
Please buy/sell after doing your own due diligence
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on THE INVESTMENT APPROACH OF CALVIN TAN
EPF & i FAST Funds (Singapore) Are Now in Top 30 Holders of TSH Resources, Calvin Tan
Created by calvintaneng | Apr 29, 2024
AFTER BPLANT TAKEN PRIVATE BY LTAT WE FINALLY SEE ITS REAL VALUE, Calvin Tan
Created by calvintaneng | Apr 27, 2024
Rimbunan Sawit to beef up crop production and yield, By JACK WONG (Calvin Tan comments)
Created by calvintaneng | Apr 06, 2024
Discussions
2 people like this. Showing 49 of 49 comments
No escape needed
Uzma is a gold mine undiscovered
Uzma is a honey pot.
Be happy to buy and hold
2019-08-16 10:26
Honey pot or honey trap oh?
Remember your bjcorpse, Jatuhtiasa and CiBaIPuki?
2019-08-16 10:32
just like BUTALAND have a few hundred million cash and been sleeping for 2 years already.....hahaha
2019-08-16 10:37
HOLLAND KING has probably bought and promote UZMA when it was at 0.90+ and like all the stocks he promoted has dropped more than 30 % since then. Looks like a bleak future for the price as he is aggressively promoting again!
2019-08-16 10:40
Hahaha
All forgot
Carimin up 100%
Naim up more than 100%
Lafarge cement limit up
All 3 above promoted by Calvin when naysayers also abound
Now all naysayers of carimin, Naim and lafarge have turned bullish. But they are no longer cheap now
Uzma will turn out likewise
2019-08-16 11:07
Very good
TSFH clicked likes
Smart people don't make much noise are buying while others are making so much noise?
2019-08-16 11:10
Yes calvin Uzma have good NTA and earning. Only need to wait once Uzma break downtrend slope.
If you want better NTA please check DGSB. Price 0.09 NTA 7.12 after share consolidation. Inari director also start buying everyday.
2019-08-16 11:14
TSFH is correct.
Insas owns dgsb and inari
Their time to shine will come
For now Uzma will be in focus
2019-08-16 11:17
It is an error in computation of DGSB NTA per share mah...!!
The shareholder fund of DGSB is Rm 53m and number of share is 745m units that means NTA per share is 7.12 sen and not rm 7.12 mah....!!
But DGSB is a good growth stock deserve to have a look but it is not a margin of safety stock like insas loh....!!
Posted by TSFH > Aug 16, 2019 11:14 AM | Report Abuse
Yes calvin Uzma have good NTA and earning. Only need to wait once Uzma break downtrend slope.
If you want better NTA please check DGSB. Price 0.09 NTA 7.12 after share consolidation. Inari director also start buying everyday
2019-08-16 11:39
UZMA
Total Equity (RM m)
2018 480
2017 -
2016 421
2015 371
2014 264
2013 135
Net Income (RM m)
2019 3Q 17.9
2018 17.6
2017 -
2016 39.3
2015 5.3
2014 36.0
2013 33.1
2019-08-16 12:37
OK raider thanks for the correction. The problem is i look into all the website including trading platform shows the wrong NTA 7.12 !!
kih3..
2019-08-16 12:46
UZMA (m)
ST Debt & Current Portion LT Debt
2018 144
2016 194
2015 209
2014 61
2013 17
Long-Term Debt
2018 241
2016 325
2015 102
2014 30
2013 16
Net Property, Plant & Equipment
2018 452
2016 498
2015 252
2014 127
2013 42
Despite its huge capex over the years funded mainly by debts, its earnings failed to grow.
Is this not an example of growth destroying value of the company?
2019-08-16 13:03
No point talking to 3iii and waste precious time loh
A person with tunnel vision can never see the whole picture
So he cannot see NTA is cash accrued in solidification
Cash buy shophouses
Shophouses are cash solidified
Cash can buy gold
Gold is also another form of cash
Gold can be sold again for cash
Uzma got Nta at Rm1.54
That is not just a figure. Rm1.54 is real value
Even if Assets forsake at 30% discount
Uzma still worth Rm1.00
So at 62.5 sen we pay less than it's value
Myopic 3iii cannot see call this value trap
Go study from Walter Schloss
2019-08-16 13:21
>>>
Posted by stockraider > Aug 16, 2019 1:12 PM | Report Abuse
Again 3iii sohai in his findings loh....!!
>>>>
Stop pushing your trolley. It is becoming a sorry sight indeed.
As for your margin of safety based on Benjamin Graham's principle, please take my advice. Go and get some lessons from KC Chong.
Benjamin Graham laid down very firm criteria for his stock selections. It was not solely based on P/NTA alone.
Will Benjamin Graham be in favour of UZMA? Probably not, based on his check-list which is easily obtainable in the net.
2019-08-16 13:21
Here is a Ben Graham Checklist for Finding Undervalued Stocks
Criteria
Risk
1. Earnings to price (the inverse of P/E) is double the high-grade corporate bond yield. If the high-grade bond yields 7%, then earnings to price should be 14%.
2. P/E ratio that is 0.4 times the highest average P/E achieved in the last 5 years.
3. Dividend yield is 2/3 the high-grade bond yield.
4. Stock price of 2/3 the tangible book value per share.
5. Stock price of 2/3 the net current asset value.
Financial strength
6. Total debt is lower than tangible book value.
7. Current ratio (CA/CL) is greater than 2.
8. Total debt is no more than liquidation value.
Earnings stability
9. Earnings have doubled in most recent 10 years.
10. Earnings have declined no more than 5% in 2 of the past 10 years.
If a stock meets 7 of the 10 criteria, it is probably a good value, according to Graham.
2019-08-16 13:26
Earnings hidden in asset purchase
A tunnel vision like 3iii deny that NTA has grown to a new high of Rm1.54
2019-08-16 13:35
What are QUALITY BUSINESSES?
= Quality Stocks
1. Solid earnings growth
2 Undervalued
3. Cash rich
4. Low Debt
5. Growing sales.
UZMA
1. Solid earnings growth ???
Net Income (RM m)
2019 3Q 17.9
2018 17.6
2017 -
2016 39.3
2015 5.3
2014 36.0
2013 33.1
3. Cash rich ????
Cash & Short Term Investments
2018 60
2016 76
2015 69
2014 53
2013 38
4. Low Debt ?????
ST Debt & Current Portion LT Debt (m)
2018 144
2016 194
2015 209
2014 61
2013 17
Long-Term Debt (m)
2018 241
2016 325
2015 102
2014 30
2013 16
5. Growing sales. ????
Sales/Revenue (m)
2018 361.2
2016 471.1
2015 510.8
2014 473.4
2013 405.9
2019-08-16 16:10
Calvin is trapped and needs a bigger fool to bail him out.
Buy from sucker, sell to sucker! :-)
I have interacted with Calvin for many years now. He is very hardworking and writes profusely. But his investing is found wanting! (Just my observation.)
But a broken clock tells the right time twice a day too. Beware.
2019-08-16 16:17
Value investment u based on margin of safety on the value of the company not quality of business mah...!!
If u based on quality of business u usually overpay mah..like the case of nestle pe 50x...thus no margin of safety loh.....!!
Posted by 3iii > Aug 16, 2019 4:10 PM | Report Abuse
What are QUALITY BUSINESSES?
= Quality Stocks
1. Solid earnings growth
2 Undervalued
3. Cash rich
4. Low Debt
5. Growing sales.
UZMA
1. Solid earnings growth ???
Net Income (RM m)
2019 3Q 17.9
2018 17.6
2017 -
2016 39.3
2015 5.3
2014 36.0
2013 33.1
3. Cash rich ????
Cash & Short Term Investments
2018 60
2016 76
2015 69
2014 53
2013 38
4. Low Debt ?????
ST Debt & Current Portion LT Debt (m)
2018 144
2016 194
2015 209
2014 61
2013 17
Long-Term Debt (m)
2018 241
2016 325
2015 102
2014 30
2013 16
5. Growing sales. ????
Sales/Revenue (m)
2018 361.2
2016 471.1
2015 510.8
2014 473.4
2013 405.9
2019-08-16 16:18
NO USE BEATING ROUND AND ROUND THE BUSH WITH ALL THESE SECONDARY FIGURES
THE VERY CORE NTA HE CANNOT SEE AT ALL
NTA HAS INCREASED FROM RM1.04 TO RM1.54 (UP ALMOST 50%)
THIS IS WHAT BIBLE DESCRIBE 3iii
King James Bible
Ever learning, and never able to come to the knowledge of the truth.
2019-08-16 16:22
2019-08-16 16:26
Please try & test this checklist on your dlady, nestle and petdag all fail bcos of overvalue mah....!!
Posted by 3iii > Aug 16, 2019 4:26 PM | Report Abuse
>>>>
Here is a Ben Graham Checklist for Finding Undervalued Stocks
Criteria
Risk
1. Earnings to price (the inverse of P/E) is double the high-grade corporate bond yield. If the high-grade bond yields 7%, then earnings to price should be 14%.
2. P/E ratio that is 0.4 times the highest average P/E achieved in the last 5 years.
3. Dividend yield is 2/3 the high-grade bond yield.
4. Stock price of 2/3 the tangible book value per share.
5. Stock price of 2/3 the net current asset value.
Financial strength
6. Total debt is lower than tangible book value.
7. Current ratio (CA/CL) is greater than 2.
8. Total debt is no more than liquidation value.
Earnings stability
9. Earnings have doubled in most recent 10 years.
10. Earnings have declined no more than 5% in 2 of the past 10 years.
If a stock meets 7 of the 10 criteria, it is probably a good value, according to Graham.
>>>>
Allow me to elaborate.
The checklist is a guideline and example, not a cookbook recipe you should follow precisely. It is a way of thinking and an example of how you may construct your own value investing system.
2019-08-16 16:28
If the company have a value of Rm 1.54....if u buy at Rm 0.63...u already a positive value of Rm 0.81 mah...!!
Why do u want to waste time on 3iii time consuming formula, where u overpay on growth stock and wait for earnings to catch up with overvalue price paid leh ??
Posted by 3iii > Aug 16, 2019 4:30 PM | Report Abuse
>>>>
calvintaneng NO USE BEATING ROUND AND ROUND THE BUSH WITH ALL THESE SECONDARY FIGURES
THE VERY CORE NTA HE CANNOT SEE AT ALL
NTA HAS INCREASED FROM RM1.04 TO RM1.54 (UP ALMOST 50%)
THIS IS WHAT BIBLE DESCRIBE 3iii
King James Bible
Ever learning, and never able to come to the knowledge of the truth.
16/08/2019 4:22 PM
>>>>
Sadly, I am too smart for these fellows in this forum.
For every $1 retained by the company, it should generate $1 in market value.
Too bad for UZMA. All the retained earnings translated to destruction of intrinsic value. It grew its PPE through capex, grew its debts too but look at its earnings, these have gone down over the last 5 years!
Sorry being smarter than Calvin and raider. But I should remain humble like before. :-)
2019-08-16 16:37
I don't care the debate. What I care is the price has risen from double bottom 55c. So whoever purchase below 60c now make money
2019-08-16 16:42
I just got the real interpretation for 3iii
Inferior complex.
Trying to boost his own low self esteem by belittling others
Irrelevant
Concepts and stocks outdated and overvalued
No new recommendations for the last 5 years
Instigator
Having no relevant positive stocks to recommend he goes round as a busybody
Better stay far away from this undesirable 3iii
2019-08-17 00:04
how about kepala pusing a.k.a KPS.....new low.....margin of safety dividend 32.6cts,from 1.64 now become 0.80 cts…..hahaha
2019-08-17 00:15
How come you didn't say you got buy Uzma at 62 sen
Calvin called for a buy on Kps after kps received compensation windfall
And as expected Kps price shot up on news of 32.6 sen special dividend.
Only price up then people chased ?
Now listen
Calvin say buy Uzma at 62 sen because results expected to be good.
And after result out and good people start chasing it about Rm1.00 then only get bullish?
2019-08-17 00:26
why don't u say u bought uzma at over 80cts? I wouldn't wanna buy uzma at all
2019-08-17 00:32
Correct.
I bought Uzma first at 89 sen.
If I think ok to buy at 89 sen then at 62 sen it becomes an even better bargain
So can certainly buy more
I also bought Naim at 48 sen. And after Naim gone up more than double over Rm1.00 I never tell people to chase but to sell into strength
This is the correct way to buy low and sell high.
2019-08-17 01:50
I doubt 3iii really a value investor, the way he says Nestle Pe 50x a stock to invest really confirm his dishonesty mah...!!
I hope 3iii, do not send people to holland like in the case of his call on Padini falling from above Rm 6.00 to close to Rm 3.00.
On the issue of honesty on calvin call on Uzma, i think calvin make a good call on uzma at its low and those who follow him yesterday will really benefited, bcos uzma jump up about 7% yesterday mah...!!
Surely calvin got good intention sharing with i3 members not like what dishonest 3iii trying to paint calvin as bad mah..!!
Uzma nta about rm 1.54, trading at PE 9x and with shareholders funds growing every year, all these showed uzma a potential margin of safety stock loh.....!!
Raider has no exposure on uzma, but raider find uzma has the same potential of appreciation like bjland a margin of safety stock loh..!!
Remember it is not quality or growth stock u pay...it is how much margin of safety u get, the bigger the safer your return loh...!!
Posted by 3iii > Aug 17, 2019 7:40 AM | Report Abuse
Question: What is the most important thing in investing and in life that you have learned in the past 50 or so years?
Answer: Honesty is the best thing you could have.
Walter Schloss
Walter Schloss conducted a recorded video / audio presentation at the Richard Ivey School of Business’ Benjamin Graham Center for Value Investing.
2019-08-17 11:57
THE GOOD PROSPECTS OF UZMA
1) PRICE NOW SELLING FAR BELOW NTA AS A MARGIN OF SAFETY
VERY DEFENSIVE
2) INSIDERS STARTED BUYING.
THERE MUST BE SOMETHING BREWING AHEAD?
3) PETRONAS REFINERY IN RAPID NEEDS 54 MILLION BARRELS OF CRUDE (EXTRA) SO MORE JOBS FOR OG UPSTREAM JOBS TO BE AWARDED
AND UZMA IS IN THE RIGHT PLACE AT THE RIGHT TIME
4) MONSOON NOW OVER
APRIL TO JUNE 2019 MONTHS RESULTS SHOULD SHOW PROGRESS IN 16 OIL WELL DECOMMISSIONING JOBS COMPLETED
THIS WILL BOOST PERFORMANCE FOR AUGUST 2019
SO BUY NOW BEFORE GOOD RESULT OUT
NOT PANIC CHASE UZMA LATER AFTER RESULT OUT IN THE OPEN
SEE HOW CALVIN CHUN CHUN FORECAST KPS CASH PAYOUT AFTER KPS RECEIVED COMPENSATION FOR WATER ASSETS
ONLY AFTER CASH PAYOUT 32.60 SEN ANNOUNCED PEOPLE PANIC BUY KPS OVER RM1.69 TO THEIR DETRIMENT
SO BUY UZMA WHILE CHEAP NOW!!!
NOT CHASE UZMA IN PANIC LATER AND THEN BLAME CALVIN?
LISTEN LISTEN LISTEN!!!
THE TIME TO BUY UZMA IS NOW NOW NOW!!!
2019-08-19 09:16
Post a Comment
Featured Posts
Open a Moomoo Account Today and Win an Apple iPad Air*!
MQ Trading Signals
Time
Signal
Duration
Type
2024-04-29 16:40:00
ADX
5 Mins
BUY
2024-04-29 15:35:00
ADX
5 Mins
SELL
2024-04-29 15:30:00
ADX
30 Mins
SELL
2024-04-29 14:30:00
ADX
10 Mins
SELL
2024-04-29 12:30:00
ADX
10 Mins
SELL
Apps
Top Articles
1
AmInvest Research Reports
2
3
4
5
6
TA Sector Research
7
8
save malaysia!
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Beary
Looks like our conman calvin is trapped in oozmaa and trying very hard to make an escape with minimal damage.
2019-08-16 09:04