THE INVESTMENT APPROACH OF CALVIN TAN

RSAWIT (5113) THIS TURNAROUND PALM OIL COMPANY IS GETTING BETTER & BETTER IN ITS BALANCE SHEET, Calvin Tan

calvintaneng
Publish date: Sat, 16 Mar 2024, 06:27 AM
calvintaneng
0 1,791
Hi Guys,

I have An Investment Approach I which I would like to all.
Following Message

Dear Friends of I3 Forum,


RSAWIT IS CATERGORIZED AS A "TURNAROUND" COMPANY

But first read this 


​

John Neff quote: I don't read, much less follow, the ...

​

I STUDY THE NUMBERS - By JOHN NEFF


NOW LET US STUDY THE NUMBERS OF RSAWIT IN 4 SETS OF RESULTS


1. MARCH 31 2023 RESULTS OF RSAWIT

SUMMARY OF KEY FINANCIAL INFORMATION

31 Mar 2023

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR

CORRESPONDING

QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR

CORRESPONDING

PERIOD
31 Mar 2023
31 Mar 2022
31 Mar 2023
31 Mar 2022
$$'000
$$'000
$$'000
$$'000
1
Revenue
104,841
160,290
104,841
160,290
2
Profit/(loss) before tax
-19,394
6,034
-19,394
6,034
3
Profit/(loss) for the period
-20,436
3,730
-20,436
3,730
4
Profit/(loss) attributable to ordinary equity holders of the parent
-17,382
3,875
-17,382
3,878
5
Basic earnings/(loss) per share (Subunit)
-0.85
0.19
-0.85
0.19
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 ($$)
0.1600
0.1700


ABOVE SHOWS A LOSS OF 

-0.85



2. JUNE 30 2023 RESULTS

SUMMARY OF KEY FINANCIAL INFORMATION

30 Jun 2023

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR

CORRESPONDING

QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR

CORRESPONDING

PERIOD
30 Jun 2023
30 Jun 2022
30 Jun 2023
30 Jun 2022
$$'000
$$'000
$$'000
$$'000
1
Revenue
121,961
212,052
226,802
372,342
2
Profit/(loss) before tax
2,032
14,521
-17,362
20,554
3
Profit/(loss) for the period
-411
10,030
-20,847
13,759
4
Profit/(loss) attributable to ordinary equity holders of the parent
-55
9,647
-17,437
13,521
5
Basic earnings/(loss) per share (Subunit)
0.00
0.47
-0.85
0.66
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 ($$)
0.1600
0.1700


ABOVE SHOWS A 0.00 (NO PROFIT)




3. SEPTEMBER 30 2023 RESULTS


SUMMARY OF KEY FINANCIAL INFORMATION

30 Sep 2023

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR

CORRESPONDING

QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR

CORRESPONDING

PERIOD
30 Sep 2023
30 Sep 2022
30 Sep 2023
30 Sep 2022
$$'000
$$'000
$$'000
$$'000
1
Revenue
141,341
149,430
368,143
521,772
2
Profit/(loss) before tax
8,062
-10,761
-9,301
9,794
3
Profit/(loss) for the period
4,664
-13,086
-16,184
674
4
Profit/(loss) attributable to ordinary equity holders of the parent
4,966
-10,661
-12,472
2,861
5
Basic earnings/(loss) per share (Subunit)
0.24
-0.52
-0.61
0.14
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 ($$)
0.1600
0.1700

​

FINALLY ABOVE SHOWS A SMALL PROFIT OF 0.24 SEN





DECEMBER 31 2023 RESULTS

SUMMARY OF KEY FINANCIAL INFORMATION

31 Dec 2023

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR

CORRESPONDING

QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR

CORRESPONDING

PERIOD
31 Dec 2023
31 Dec 2022
31 Dec 2023
31 Dec 2022
$$'000
$$'000
$$'000
$$'000
1
Revenue
139,619
154,145
507,762
675,917
2
Profit/(loss) before tax
26,851
-3,801
17,550
5,991
3
Profit/(loss) for the period
28,570
-6,490
12,386
-5,818
4
Profit/(loss) attributable to ordinary equity holders of the parent
36,950
-3,190
24,478
-330
5
Basic earnings/(loss) per share (Subunit)
1.81
-0.16
1.20
-0.02
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 ($$)
0.1800
0.1700

​

FANTASTIC TURNAROUND


AN EXCELLENT PROFIT OF 1.81 SEN AT LAST!!








AND MORE!

RSAWIT HAS DISPOSED TWO PALM OIL ESTATES

IT WILL RECEIVE RM165 MILLIONS TO FURTHER PARE DOWN BORROWINGS PLUS REGISTER A NICE PROFIT OF RM77 MILLIONS FROM ASSET SOLD


AND THAT WILL BE A PROFIT OF 3.77 SEN




SO LET US SUM IT UP AND SEE ALL THE FIGURES!


1. -0.85 (Loss)

2. 0.00 (Nil)

3. 0.24 (Small profit)

4. 1.81 (Decent profit)

COMING SOON

3.77 SEN (Fantastic profit)





LOOKS LIKE THE BALANCE SHEET OF RSAWIT IS GETTING BETTER AND BETTER AND EVEN BETTER AHEAD JUST LIKE JTIASA'S - ITS SISTER COMPANY


BEST REGARDS


Calvin Tan


Please buy/sell after doing your own due diligence or consult your Remisier/Fund Manager

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Discussions
Be the first to like this. Showing 18 of 18 comments

calvintaneng

PETER LYNCH ON THIS TURNAROUND RSAWIT

LISTEN

https://www.youtube.com/watch?v=DYyLrrQ0Os4

1 month ago

EngineeringProfit

Calvin, how much they pay you to lure bilises here?

1 month ago

calvintaneng

Calvin happy to share wiinners!
Reward is by getting trophies 🏆

Rsawit will be a future 🏆

See our past successful calls on palm oil

Ijmplant buy call was Rm1.86
Klk took it private Rm3.10 🏆 🌴

1 month ago

calvintaneng

Bplant buy call was 57 sen
After 24 sen dividend cost reduced to 33 sen
Ltat gave Rm1.55 to take Bplant private

From 33 sen to Rm1.55
Up a whopping 369%
Bplant is one of top 10 selected palm oil stock picks of

Eagle Vision First Mover stock pick on 🌴 🌴🌴 🔥🔥🔥

A huge success!

🏆 🌴

1 month ago

calvintaneng

Kulim
Buy call was Rm2.50
Johor Corp took Kulim private at Rm4.10 (up 60%)

Kulim was taken private just like Bpant for its valuable lands to build townships in Johor
Now remaining palm oil lands will go for new Ipo as Johor oil palm

So Kulim was a 🏆 🌴

1 month ago

calvintaneng

Tmakmur
Buy call for Tmakmur was Rm1.38

Pahang Royalty took Tmakmur (land of prosperity) our first stock write up in year 2014 is palm oil 🌴

A good success

Tmakmur taken private at Rm1.90
Again for its valuable lands to build Kota Sas township in Pahang

🏆 🌴

Now listen listen listen

When we bought Tmakmur we saw Eastspring Investment in top 30 of Tmskmur

Now Eastspring investment fund bought big into Tsh Resources

Everyone must own some Tsh resources as well

1 month ago

calvintaneng

Kwantas
Kwantas oil 🌴 in Sabah
Was taken private at Rm1.65 from 50 sen

A good 🏆 🌴

1 month ago

EngineeringProfit

Calvin, how much they pay you to lure bilises here?

1 month ago

calvintaneng

No. Nobody pay anything to Calvin for all his postings in i3 forum or anywhere else.

Even in Eagle Vision First Mover on palm oil group with over few hundred members Calvin does not take a single cent fees from anyone

The Book says, " Freely you have received, freely give" Matthew 8:10b

1 month ago

EngineeringProfit

Then can you at least categorise your rsawit recommendation as:

Class X: Highly speculative (akin to casino gambling)
Risk= high (so, ideally for pro only)
Time investing = ????
Return = uncertain

1 month ago

calvintaneng

No. Any honest person can go see Rsawit latest report in Bursa

They sold two palm oil estates for a total of Rm165 millions
Out of which is a profit of Rm77 millions which translate to 3.77 sen

In Eagle group people are expecting for this 3.77 sen to be reported as profit in the balance sheet

1 month ago

calvintaneng

Who cannot see ?

Those who do not bother to do their homework and study latest announcements by Rsawit in Bursa

Or those who have studied but failed to see. In that case they are not investment savvy and should not be in the share market

1 month ago

EngineeringProfit

Can confuse new bilises because you have posted some Class A recommendation before e.g.:SOP right before ukraine war, and it went superbullish all the way to above 7.00

Hence, some newbies may expect all you recommendations belong to this category of low risk, high return, free dividend and bonus share; and return = time in the counter

1 month ago

calvintaneng

SOP is one of Top 10 we picked. It went up and came down and it will go up again

Just as Jtiasa we picked at 63 sen and it went up and then dropped to 60 ssn (lower than our buy call) now jtiasa has shot past the previous short term peak to new high of Rm1.43

1 month ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

2023 Balance Sheet
Cash 3m
STDebt 188m
LTDebt 152m

CA 47m
CL 302m

Current Ratio 0.16
Quick Ratio 0.08
Cash Ratio 0.01

Inventory 22m
AR 14m
AP 67m

1 month ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

The creditors and bankers of this company must be putting a lot of pressure on this company to restructure. OTOH, the major shareholder must be so powerful and influential to influence them from pulling the rug. Even the auditors qualified their audit to be proper and on the side of truth and professionalism.

In investing, you seek a low risk, high reward situation.

Even with the sale of 2 estates, its outstanding debts remain high. It will still remain unprofitable from its on-going operations. (Please show how it can turned profitable through just monetising its assets by selling 2 estates.)

1 month ago

calvintaneng

After selling 2 assets its debts pared down to only Rm164 millions

Relatively very low debt left as its assets if revalued and sold will be Rm1.5 Billions to Rm2 billions

So its small debts is just sup sup sui
Knowing their assets value so well 3 (not one ) Directors/ Insiders have been buying Rsawit shares as high as 23.5 sen from open market

1 month ago

calvintaneng

Jaya Tiasa jumped from 63 sen to Rm1.43

Confirmed Jumping Tiger 🐯 🐅

Rsawit is the Running Stallone
🐴 🐎

Run Rsawit Run!!

Run fast fast and chase Jaya Tiasa !!!

3 weeks ago

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