Dear friends of i3 forum (please read while we type now)

Stephen Covey in his book, " THE SEVEN HABITS OF HIGHLY EFFECTIVE PEOPLE" Said

"SEEK FIRST TO UNDERSTAND; THEN TO BE UNDERSTOOD"

Having been here in i3 Forum more than a decade we have met many times "People who do not understand, cannot understand & will not be able to understand" our reasons by buying stocks

Take this for example in Rsawit Forum

prudentinvestor

RSawit has lost hundreds of millions over the past 10 years. Even when palm oil price spiked to over RM6,000 a ton, it was still not profitable. It has practically no cash and borrowings of over RM300 million. Its NTA is only 17 sen a share. Guys. be wise enough, think carefully before you make a decision to invest.

2 weeks ago

prudentinvestor

The last time RSawit paid a dividend was more than 10 years ago and its NTA has been dropping every year for the last 10 years to 17 sen a share now.

2 weeks ago

Calvin comments:

We have posted many many articles telling all that RSAWIT is 

a) A Turnaround Stock

b) A Cyclical

c) An Asset play

And these are part of 6 Category Type of Stocks taught by Peter Lynch

However, after explaining to him umpteenth times he still "UNABLE TO UNDERSTAND"

But Calvin understand him perfectly although he "CANNOT SEE" & keep on ranting like a Blind Man complaining to us there is no such thing call rainbow or a beautiful sunset.

And this is what Warren Buffet described

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 Read again

VALUE INVESTING IS LIKE AN INOCULATION - IT EITHER TAKES OR IT DOESN'T -

AND WHEN YOU EXPLAIN TO SOMEBODY WHAT IT IS AND HOW IT WORKS AND SHOW THEM THE RETURNS, EITHER THEY GET IT OR THEY DON'T

I HAVE EXPLAINED

HOW IT WORKS

SHOW THEM THE RETURNS

SOME GET IT; HOWEVER PEOPLE LIKE PRUDENTINVESTOR OR 3iii OR IINVESTSMART CAN NEVER EVER UNDERSTAND

READ AGAIN

VALUE INVESTING IS LIKE AN INOCULATION - IT EITHER TAKES OR IT DOESN'T -

AND WHEN YOU EXPLAIN TO SOMEBODY WHAT IT IS AND HOW IT WORKS AND SHOW THEM THE RETURNS, EITHER THEY GET IT OR THEY DON'T

SO THERE ARE TWO GROUPS

ONE WHO CAN SEE IT

ONE WHO CANNOT

NEVER MIND TOO BAD FOR THEM

I PITY THEM

THEY LACKED THE CAPACITY OR FACULTY OF SEEING THE COMPLETE PICTURE

Look

HI GUYS.

3iii MAIN PROBLEM IN INVESTMENT IS THIS

HE HAS TUNNEL VISION.

OUT OF 6 CATEGORIES OF STOCKS 3iii CAN ONLY SEE SLOW GROWTH STOCKS LIKE PADINI, DUTCHLADY AND A FEW OTHERS

SINCE HE CAN ONLY SEE ONE LIMITED VIEW WE CALL TUNNEL VISION HE GOES ROUND CONDEMNING OTHERS WHO CAN SEE

LOOK AT THE PICTURE BELOW

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SEE THE TWO PHOTOS ABOVE

THE ONE ON TOP HAS FULL VISION WHILE THE ONE BELOW HAS TUNNEL VISION

A PERSON WHO HAS TUNNEL VISION CANNOT SEE THE 4 SIDES OF ENCLOSURES WITH RED, GREEN, YELLOW & BLUE

HE SEES ONLY HALF THE IMAGE OF THE BALLS

SO 3iii CAN ONLY SEE SLOW GROWTH STOCKS ALL HIS LIFE

CYCLICALS, TURNAROUNDS & ASSET PLAY STOCKS HE CAN NEVER SEE NOR UNDERSTAND

HE CONDEMNED ALL THE ASSET PLAY STOCKS LIKE PM CORP LAST TIME

VERY SAD FOR 3iii. VERY SAD FOR PRUDENTINVESTOR!

Now People asked

Why Mui Property up 42% and Kena UMA?

LET US PRESENT DIFFERENT ASPECTS OF FINDING VALUE

1) MUI PROP

ITS VALUE IS IN ITS 1,000 ACRES LAND IN BANDER SPRING FIELD, N SEMBILAN

See

To be continued......

Come here and SEE

MUIPROP showed -0.08 sen loss

NAV only 47 sen

So how and why it should go up 42%?

See more

Again MUIPROP showed a -0.42 sen loss

NTA only 47 sen?

Aha any accountant doing surface reading will not understand why its share should go up

Not until you study deeper

Go see Properties owned by MUIPROP

Refer Bursa

State of Negeri Sembilan Darul Khusus

Balance of freehold land held and property development

cost incurred for township development known as

Bandar Springhill at Mukim of Jimah, District of 4,313,193 - 141,476

Port Dickson, Negeri Sembilan Darul Khusus

(Date of acquisition: January 1995

4,313,193 sq meter

Rm141,476,000

Ok here we got the figures

MUIPROP has 4,313,193 sq meter of lands

Book value Rm141,476,000

Now let us calculate its Value

Convert sq meter to sq feet by multiplying by 10.764

so 4,313,193 X 10.764

= 46,427,209 sq ft

to convert to acres divide by 43,560

= 1,065 acres

so MUIPROP has 1,065 Acres valued at Rm141,476,000

To get value per acre divide price by land

= Rm132,841 Per Acres

To get cost per sq ft

Divide by 43,560

= Rm3.04

Ok we got the figures

Rm3.04 psf

Now dig deeper

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MUI PROPERTIES BERHAD ("MUIP" OR "COMPANY") PROPOSED DISPOSAL BY WEST SYNERGY SDN BHD, AN INDIRECT 60%-OWNED SUBSIDIARY OF MUIP, OF PART OF THE LAND LOCATED IN BANDAR SPRINGHILL HELD UNDER GERAN 159976 LOT 8322, MUKIM JIMAH, DAERAH PORT DICKSON, NEGERI SEMBILAN MEASURING APPROXIMATELY 53 ACRES TO ANTMED MALAYSIA SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM80,803,800.00

MUI PROPERTIES BERHAD ("MUIP" OR "COMPANY")
PROPOSED DISPOSAL BY WEST SYNERGY SDN BHD, AN INDIRECT 60%-OWNED SUBSIDIARY OF MUIP, OF PART OF THE LAND LOCATED IN BANDAR SPRINGHILL HELD UNDER GERAN 159976 LOT 8322, MUKIM JIMAH, DAERAH PORT DICKSON, NEGERI SEMBILAN MEASURING APPROXIMATELY 53 ACRES TO ANTMED MALAYSIA SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM80,803,800.00

Recently MUIPROP sold only 53 acres and got 

RM80,803,800.00

How much per acre?

Divide price by land

= Rm1,524,600

To get psf divide by 43,560

= Rm35.00 psf sq feet

HUHUHU!

From Rm3.04 to Rm35 psf

only 53 acres sold. There is still over 1,000 Acres

No wonder people chased up Muiprop bt 42% & kena UMA

Above is an example of LAND VALUE WE CALL ASSET PLAY

But please do not chase MUIPROP now as price up so much so suddenly

MUIPROP only 1,065 Acres very small

Better buy 

TSH RESOURCES as it got 94,700 Acres in Ikn Nusantara

Every piece if Sold will be in Millions Rm like MUIPROP

or buy RSAWIT

it has 172,500 Acres in Sarawak - ideal for Data Center & Solar Farm

So do not be surprised if TSH or RSAWIT go LIMIT UP just like MUIPROP due to Asset Value Unlocking

We not sure when

That is why just buy some of these and hold

TSH RESOURCES

RSAWIT

THPLANT

SOP

TAANN

HS PLANT

FGV

WITH WARM REGARDS

Calvin Tan

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

Coming up

We will SEE

VALUE IN CASH

VALUE IN INVESTMENTS (LISTED SHARES)

VALUE IN OIL PALM OIL

VALUE IN A MIXTURE OF ALL

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