If free dividend income why need to sell shares at all. If need to sell shares why not distribute to shareholders? If not distribute to shareholders, what are they doing with the money? If doing something with the money why still need to do rps and pay preferred shares dividend? So you see, trying to defend the indefensible becomes... mind boggling.
>>>>>

Sslee

Their best technology holdings inari - selling. Ans: Insas still hold 537,008,575 inari for tax free dividend income

How is it quietly when I updated my online portfolio immediately after I sold the entire block and informed everyone in my tracked portfolio? Unlike you I do not comment or insult people in serba group for not knowing maths
>>>>>>
Sslee

By the way did Philip make an apology in Serbadk forum when he know he is wrong and cut loss quietly?

FYI, I made a ton of money buying knower and scib and selling warrants which did a little bit to mitigate my losses in serba.

On another hand, I just wrote to explain why I bought something which I owned. Who should I be apologising to? I dare you to find when did I go to serba forum to tell people to buy and follow me to join in serba shares. But you will find that the moment I sold I did mention in the forum clearly and immediately. In fact, I never once incited anyone to buy serba, and in fact I kept my serba ownership to 5% of my portfolio as I stated even in my articles the risk reward scenario of investing in serba.

But why are we talking about 5% of my portfolio, when your largest holding is undoubtedly in insas. Imagine all the "value" investors taking your advice and your way of trying to defend the indefensible abs you long term 7 year returns in insas which underperform fixed deposit. 7 year returns.

>>>>>>
Sslee

Why I invested in Serba Dinamik, Kpowers and SCIB
Author: Philip ( buy what you understand) | Publish date: Wed, 2 Sep 2020, 5:21 PM

Why I bought even more SERBADK bonds and stocks
Author: Philip ( buy what you understand)

FYI sslee, just so you know hohup major project now is the crown in kota kinabalu, now totally stop change new maincon and no money to inject for bridging loan to continue project. Please take a look at that catastrophe. In fact you are welcome to come down any time to see the progress of a mega project that is forced to sell at 1500 per square foot because of high development and land costs.

And not only that, if you look at my transactions, you will notice that after receiving dividend from pchem I put my money where my mouth was and support it to buy 70k shares of pchem right after receiving. Funny how ii bought 70k shares, prices went up by 10% or 70 cents.

What did you today except talk? Do you even hold any shares my young friend? Put your money where your mouth is. Not the nonsense where when you make money you still at the perfect timing with no portfolio record. Anyone can do.
>>>>>>
BobAxelrod33

Ole man talking very loud today. Is it because PChem has touched 7.50???

2 hours ago

Very sad indeed. Rather than explain further on insas in an insas forum, why are you bringing in other stocks like pchem and harta and hrc and petronm in a insas forum. Like you are always feeling it is your civic duty to tell people to buy hrc or to sell capitalA, I feel it is my civic duty to point out what a "value trap" insas is so young investors who just started reading a book on value investing, use a few screeners and thin they know everything they need to know about investing and start buying "bargains" like insas thinking that it will go up. 7 years later they become sslee.

Let's help new young investors not lose their shirts in these type of badly managed companies.

If this was true, don't you think the Thong family would be the first to do so instead of doing rps and raise debt for no apparent reason?

The simple fact in business is that you need to use current and ongoing business performance to judge a company, not past accolades. That is the best way to measure insas.

Their best technology holdings inari - selling.
Their best stock trading m&a business - selling.
Their development project - loss and stop. No need development.
Their f&b business - when was the last time dome opened new branch?
Their clothing business - not doing well.
Their car business - sold.

A history of failed current enterprises using resources from the past few successful business.

Today is a different world. One needs to be able to see and understand what value traps are.

I would argue that insas is far more insidious, like a mirage of oasis in the desert, you keep walking towards it thinking you will be fine, while all the time not realising you are missing out on water around you.

Learn to cut losses, like I did with serba

And so we come to the crux of the matter. You are stuck, and now just holding and "waiting" for something to change and your returns can improve from your losses investing in insas versus inari.

How long do you wait? 10 years? 20 years? What are your indicators before you realise that insas is a huge value trap. Are you even able to recognise value traps? You have held 7 years in insas and fast approaching 60s.

You forgot the most important investment indicator of all: TIME.

Warren buffet can hold coca cola and apple because he bought them a long long time ago cheap.

I can afford to hold ql and yinson because I bought them all cheap. In fact, my hartalega purchase was funneled by my topglove sales before which I held since 2009, and the long term returns of which are spectacular.

How many years for you to learn new things?

I recommend you study deeply about value traps and start learning to recognise one. Really hard to teach old dog new tricks, but they can still learn.
>>>>>>
So I do not think I will lose money holding on my Insas. To me it is just a waiting game and I don't mind waiting as long as I can get the yearly dividend for my expenses.

What is your total holding period? 7 years? Why only compare now during the worst period in recent history with bank closing and hyper inflation, instead of longer period?

If you were to compare the LONG term holding performance of insas that you bought and held over 7 years, are you performing well long term?

Compare your insas performance with just buying and holding sp500 index or just holding epf index.

If your long term 7 year results are worse than just buying fix deposit long term, then is it really called investing?

>>>>>>
Sslee

3379 INSAS 2,530,000 0.8650 0.7750 2,188,450.00 1,960,750.00 -227,700.00 -10.40

So my Insas just a mere 10.40% down is that a big deal?

FYI I also have bought tesla during that period.

But your opportunity loss on holding insas over the last 7 years is very sad indeed. You would have done much better to buy sp500 over that same period and make even more money.

Or you could have joined me and bought topglove in 2017, ql in 2017, pchem in 2019, and yes even hartalega in 2019 and realised that you would have made tons of money, as my portfolio record clearly shows.

We are in the insas group, so let's stick to discussing on insas and why it is a horrible investment to hold over long periods of time versus just putting money in say your epf.

Yes, even epf is giving you much better 7 year returns than insas.

How is this a good news? If your boss at pt mas decides to give his son a high salary every month and he never goes to work or does anything for the company, and starts selling company assets to feed his own little hobbies, would you say it is good news?

It is really true what they say, if it is your own child, no matter how ugly will still be beautiful in your eyes.

Facing the truth is always hard.

The big simple fact is that if you ask sslee since the day he started buying insas stock until today, what is his record of earning from his shareholding in insas?
In fact, if he had bought inari instead of insas in 2017, he would have benefited much much much more from the multiple share split and dividends received.

Holding insas instead of inari will always be his biggest mistake. But he will still try to convince you that holding insas is the "right" choice.

Just like my neighbour who was trapped in a triumph fx scam recently which promised him 7% returns a month. Yes he has millions "virtually", but he is now stuck unable to liquidate at the price he thinks he has, and he had no way of getting people to buy him out.

All he has is a piece of paper telling him he is rich.
>>>>>>

Sslee

During the last Inari EGM. Shareholders voted against the resolution to entitle non exceutive director Dato Sri Thong to ESOS. So now no more ESOS easy money for Dato Sri Thong.

Dato' Sri Thong need to sell his personal inari holding for his pocket money and later he need Insas dividend money for his expenses. Very good news

You have hit the nail on the head. If we look at icap, we can see exactly what is going on, as the "sslee" in that scenario which is city of London management fund which held a 14% ownership of icap ( far more than sslee), realised they also hit a brick wall in trying to unlock value. But since its recalcitrant "owner" tan teng boo is unwilling to reward investors but is willing to pay huge fees to himself for essentially putting money in fixed deposit, we can begin to understand the reason why insas is also suffering the same fate.

The goal in long term investment is to find owner-partners who treat
us as partners, not as money grabbing goblins.
>>>>>>
Income

Sslee, ICAP - ICAPITAL.BIZ BHD lot of NTA you can buy to become the top 30 of ICAP - ICAPITAL.BIZ BHD???

Still "severely" undervalued if related to NTA.
If we "unlock" insas and borrow 1 billion to buy out all outstanding shares of insas we can "earn" 2 billion to pay off all debt outstanding to bank and earn a cool billion for the effort.
After 9 years+, why is this not happening lee?

Could the world be so blind not to realise this obvious arbitrage?

Or simply like hrc there is far more than meets the eye.

The answer is yes.

>>>>>>
Sslee

Just for the record Insas was trade about RM 1.20 on Nov 2021

And here is another sad truth that all new investors need to learn.

29. Lee Soon Sheng 2,515,000 0.38%

Sslee is stuck. No one is willing to offer more for his shares. And worse, liquidity for insas is so bad that if he were to try to sell his entire position, he would have to ask a substantially lower price below quote, take a huge loss as he paid much higher for his shares, and worse he would have to sell over a longer period of time due to being a illiquid market.

So again, why would you want to buy insas when you can get the liquidity and demand by buying inari shares?

Sorry net asset value of 3.39

The logic "seems" simple. Get sslee boss to borrow 1 billion, buy over insas at rm1.4 per share and make everyone happy. They can then dismantle and sell liquid assets at rm4 total and still make almost triple the investment. Sslee can make out like a bandit with 5x or more profit from his base cost. He is happy. Boss is happy. Everyone is happy.

Why doesn't he do it? At the very least his boss and his other friends in Indonesia can buy over insas 5 times over, with spare change for coffee luak.

BUT WHY DOES SSLEE NOT DO THIS? Or anyone else in fact?

That's where the issues lie and I count the 9th year running where insas SEEMS severely undervalued.

If 10 years pass, and no one picks the beautiful girl from the ktv line-up, you know that she has problems.

If this was true than sslee would be a very rich man when a billionaire comes around and pays that for insas.

But the question sslee will never tell you is why no one is "realizing" this value and paying for it and also why I cannot sell everything I have, borrow to the hilt, get my other partners involved and offer to buy 33% of insas.

Mr Lee will never be able to tell you why no real financier will buy insas, and why no bank is willing to borrow money to insas directors to take it private. D such a nice arbitrage, banks are blind?

No. They realise the same thing that any self respecting businessman will realise by now.

Even sslee is not willing to put his money where his mouth is, borrow to the hilt, buy insas and sell all inari shares to clear borrowings and make profit. Not is he willing to approach his boss on this clear "opportunity", use pt agro mas to buy over insas, take it private, sell all inari shares for double the profit and give a big gain to the boss.


>>>>>>
speakup

cash per share rm1.10
but share price 77.5sen
means the whole company is virtually free

Would you rather buy a car or the 3D picture of a car?
If you buy inari you get inari and all the rights that belong to inari.
If you buy insas all you get is a promise that the directors will do the right thing and give that share of inari to you.

But all you are really getting is insas selling inari shares to give you a measly dividend... and buying other stuff with it.

>>>>>>>

Sslee

Inari: 30-Jul-2021: Private Placement: 333,000,000: 3.100

So it is a strange world afterall where bankers invested RM 1,032 million for 333,000,000 inari share when they can just spend abt half that amount to get much much more.

Indeed very true.

And yet if you take a look at my portfolio and many other long term investor it is clear to see that when the market is panicking is the best time to buy stocks and put that margin into action.

Just look at March 2020 transaction record when I began buying big when everybody is panicking. Meanwhile people like purebull talking big when their trading accounts being hit by huge margin losses.

>>>>>

World # 1 hedgee, Ray Dalio's wise words,
be Defensive, then U can keep your MONEY.,.

As for me I don't even bother with trying to make money scamming people or showing off how many members I have in my chat group.

I prefer to just mention, every transaction I make has a time stamp in the comments which cannot be edited. By all means take out whatever zeros you need to make yourself feel good.

For me the zeroes are not as important as the dates and long term performance.

What I did during the panic of 2020, why I sold my entire share of topglove, why I bought pchem, why I didn't sell ql, when I added margin, everything is recorded in the daily transactions.

More importantly over the entire turbulent 4 years+ since I started tracking the portfolio, I have achieved CAGR returns year to date of 20.56% despite the big drop this year.

Meaning on average every year I increase my wealth by 20% on average. Can you claim the same over the same period?

Like you said, illiots look for zeros and numbers.

For people who are not interested in small things, the more important details is 20% compounded cagr over 4.6 years, with low volatility of held stocks, and consistent performance.

What do zeros matter when you have details to look at on a daily basis over 4 years?

Truly throw pearls before swine.

So called MU graduate that can't even understand the value of what I am presenting.

Pathetic.

Purebull, please stop with your mumbo jumbo. Getting very irritating, worse than cloud reader saying everything without saying nothing. In the end talk without performance, no results to show is the worst type of shaman, just full of scams. Black you are right. Red others are wrong. How to lose?

This is why only real investors like Warren buffet, Peter lunch and Charlie munger dare to show their portfolio holdings for the entire world to comment on. People know their results, know their thoughts behind the investments, and can calculate the long term results.

Failures hide behind names line purebull and don't even dare to show their portfolio results or manage larger sums of money professionally.

How much do you actually trade a year kid? Makes me wonder.

The way you talk and act purebull makes me wonder if you were even a universiti Malaya student, much less in your 60's. More importantly the way you articulate your thoughts and how emotional you speak, really makes me wonder if you can even be an effective trader or investor. In any case, please bring your mindless conversation elsewhere and not here in my personal portfolio page.

FYI, I also have a record of our conversation, which you have certainly forgotten. But I don't forget, and I store every tidbit of useful information when I invest, as you should when trading.

5 million rupiah? Please. Have you even traded that much in your entire life?

I3 does not allow me to post the link in the comment section. But if you scroll up to the very top and read the description of the portfolio page, you will find that I have posted the link to the telegram page 3 times.

Respect is earned, not given. And more importantly those who know who you are also know your son. And since your son is in the financial services industry, and we also know your son well, please be respectful. If he one day goes from buy side to sell side banking, do you think your actions and words in public where everyone can see will hurt his chances or make it higher. I for one will not buy a single product from your son, just because of how rude the father is qqq.
>>>>>>>
qqq47660

Goes to show people who tells lies, people who are arrogant will lose their pants and their money

No problem ooi. I have personally banned qqq 5 times from my chat group on telegram and he is still inside, so I know how pesky he can be. But since I also know his peers personally in the cycling group who have shared photos of him and shared with me his character, I have nothing but pity for him.

It is usual, those who cannot reach the grapes will say it is sour.

That is true. But also 1.45 in dividends total including the latest one to receive on the 23rd. Meaning my entire holdings had reduced to around rm5.05 post dividend since I bought the stock in 2019. This is also not including the margin stocks that I bought to leverage down previously and sold to remove the margin loan. In any case, a very good long term investment that I expect to pay off handsomely
>>>>>
hoebe

Mr. Philips holding cost is RM6.49? I thought it is about RM7.++

4 days ago

I have to say I have no idea who purebull really is other than him claiming that he is a UM ex graduate. I remember he is claiming how good his trading skills are etc etc. But when I reached out to him to let him trade some of my investment money where I proposed 5 million, he became suspiciously quiet when I also asked for his track records and meetup with my banker in kl to discuss further. After that I knew he was all talk and no results so I have ignored him ever since then.

If possible please stop having arguments and trolling on my personal portfolio page. Other than lee soon sheng, everyone else has been doing more harm than good.

Why buy? I received my warrants for free.

>>>>>>
i3gambler

Look at Philip's portfolio, I explore YINSON-WA.
1) Check YINSON target prices here in i3.
2) Calculate YINSON historical volatility.
3) Check YINSON dividend yield.
4) Use 200 steps Binomial Method to calculate YINSON-WA fair value.

Then I bought some YINSON-WA at 0.665 before lunch just now

I believe that is the core difference between us. 99% of my wealth is in equities, all my eggs in one basket. But since it is my occupation, my passion and something I spend much time trying to understand on a daily basis, I think it is far less riskier than " diversifying" into things I know nothing about.

The obvious answer to this is to look to the next qr report to decide what to do. I am content with my kernel of ownership, and not cheap enough for me to dip into my margin further to buy.
>>>>>>>
Sslee

So Philip, should you buy more Harta and Pchem?

What does portfolio imbalance mean?

>>>>>>>Sslee

For me I can't buy anymore Insas because it will cause a portfolio imbalance to do so.

What kind of comment is this? Are you trying to compare with someone who bought the stock 10+ years ago and hold until today? He has had amazing gains on his returns, why would you try to bring it down like a little kid comparing crayons in kindergarten? If you want to compare, you should compare against your longest held stock ( insas) which you have held for a long time in large volume. How are your long term returns in comparison?

>>>>>
Sslee

3iii,
Have you sold your Dutchlady? Dutchlady can never compete with Nestle.

Wow i3lurker. Such simple logic. Fantastic! No need to look at profit margins, debt, cash hoardings and growth at all. Amazing. Just use pe as a single light speed calculate eh gdex boy. When have you ever done anything above cursory analysis?

No need to go so far Bob the mailman. Just look at my 4 year portfolio. I bought Topglove far far longer and earlier than many here and made good money from it. I then used it to buy pchem at all time low below 5( 4.19 to be exact), and yes I lost 5% of my portfolio on serba, but balanced by the same trade in knower and scib with the warrants and shares sales. I am also down a lot in hartalega which I paid 2017 prices for to see it go even lower. But overall I turned a 28 into 50+ million portfolio. Imaginary? Sure thing kid. Sure thing.

I wonder if you did half a well, even with your imagination turned 100x up

>>>>>>
What Ole Phil is saying is that Investments and Returns/profits should not be recorded on a linear basis as you go along, even for long term range.

He wants us to time travel to 30 years in the future and then he asks and boasts of how he made Trillions based on investments made 30 years back! I'm sure many of us would not be still around here.

Lee, you should read latest annual letter from Berkshire. He writes that instead of looking at the emotional swings of share market, look at the tangibles and operational earnings of the companies you own. When you look at operations it paints a clear picture. Be a business picker, not a stock picker. That should let you know why pchem is able to 28 billion revenue on 4 billion earnings a year on 12 billion in manufacturing assets and cash pile

>>>>>
Sslee

3iii,
Have you sold your Dutchlady? Dutchlady can never compete with Nestle.

I think you of all people should understand. I do not make short term predictions of what stocks will do, as in the short term ANYTHING can happen. I was trying to explain to you the fallacy of trying to predict the movements of hy over the course of 1-2 quarters and expecting to get "good" results as per your multiple calculations. For me I buy the stock with the hope that the long term growth and performance results stay intact. Writing multiple articles about hrc and its "crack spread" and knowing full well it is a chinaman company is just asking to go on a boat ride with a snake as your driver.

>>>>>>
So Philip mind telling us what is your mistake on your predictions that the next 4 quarters pchem will make 1 billion in net profit at LEAST

Look deeper at the transactions of cash out and cash in. At 50 million how much was margin( I clearly pointed out), and today at 58 how much is not margin and cash? Very big difference if you read between the lines.
1. I only put in margin when stock prices are low.
2. When pricing recovers I sell to reduce margin.

For i3 the system calculates overall return after removing the margin. As it should, as if I keep putting money, I would not be getting such big returns for cagr.

3. If you look at my returns, the big question to ask is how much margin did I add, and how much did I reduce?

>>>>>>>>
COMMENTS: WAS MERELY POINTING OUT THE FACT THAT MARKET VALUE OF PORTFOLIO IN JAN 2020 WAS RM50.16MIL AND TODAY FEB 2023 IT IS AT RM58.40MIL WHICH IS A 16% INCREASE WHEN THE PANDEMIC PERIOD WAS IN FACT A BULL MARKET FOR STOCKS

Spoken like an emotional little girl. I don't need to assume, I know I am right about your length of time investing and how you talk and act on how fresh you are. And by how emotional you are I'm sure you have actually lost money these 4 years instead of doubling it.

>>>>>>>
axpowar

Philip, you are quick to assume others’ investing experience and horizon just as you are quick to assume you are better than others in your stock pick.

You sound like you only started the stock market during covid. New to this thing called investing? I doubled my money invested during covid, that is true, but it was not like I didn't double my money from 2015-2019 either. You can see the long term performance of the stocks I held previously in public bank, ql and tg. All boring simple stocks that anyone can understand. The problem with you lot is that you think you are smarter than everyone else, when the real fact is that investment is about emotional control more than anything else. Something which you know very little about.
>>>>>>
Maxpowar

Charles, be pragmatic when it comes to investing, the investing environment is different from 3 years ago.

You have access to my portfolio. Do you think I would sell my cash cow?
>>>>>>
Sslee

Expecting first half of 2023 to be challenging. So any bet on the next 2 quarters result?

Why are you worried about others with their imaginary portfolio? As you said before once upon a time, I do not exist and I have a fake portfolio. So why bother trying to poke holes? Instead of trying to prove others wrong for their investment decisions, your life will be more fruitful by concentrating on your own results and your own investments. For me investment has always been simple and buying excellent companies. For someone who keeps stumbling into multiple traps like jaks, xinquan, insas and hrc, maybe it is time to analyse why you keep buying the same type of problematic companies with fake value?

>>>>>>>
Sslee

I am worry for Philip when he went to Maybank forum and promote Pchem.
Luckily someone poke many holes in Philip argument.

Let's start with the simple question of collecting dividends every 2 quarters and averaging down at low prices. Sslee do your math and let me know what is my average cost now that I am averaging down with my dividends and buying back shares of pchem at low low prices hopefully it drops to 6+ by the time I receive my dividends.

Traders only look at share price. Maxpowar only looks at others performance without sharing his own. But those who actually study my portfolio closely will realise that pchem dividend buyback is paying "dividends" for long term investors.

This is why long term investors and short term investors cannot mix. Both have such different perspectives of events that it would be pointless to explain.

Traders go to supermarket and see a discount on premium goods, they throw it away saying there must be something wrong.

Investors go to the same supermarket and see a discount on premium goods. They buy it when it is cheap, and sell when it is expensive.

>>>>>>>
So Philip mind telling us what is your mistake on your predictions that the next 4 quarters pchem will make 1 billion in net profit at LEAST

Of course, why not? I will be receiving a 16 cent dividend of almost half a million that allows me to average at low prices in March. Why not build the position?
>>>>>>
Maxpowar

Be greedy when others are fearful, time to add on position to pchem haha! It’s ok la it’s a fake portfolio anyway, doesn’t hurt abit right Philip? Haha

Rule number 1: never lose money.
Rule number 2: remember Rule number 1.

Isn't that the goal? When times are good you make money, when times are bad you don't lose that much. Or you believe that every year one should never be losing money but like that bobaxel kid every year make 100-200% returns without losses?
If I play the long game, the idea is to have less volatility and more consistent growth that you can sleep well at night. Isn't that the idea? Same with Berkshire, years of nothing happening while company consolidates earnings, than boom! A chunk of share price increase

>>>>>>
emsvsi

PORTFOLIO VALUE BASICALLY UNCHANGED SINCE 2020 WHICH WAS UNDENIABLY A STOCK MARKET BULL PERIOD

It would appear pump and dump is real thing
>>>>>>
https://klse.i3investor.com/web/blog/detail/philip2/2023-01-12-story-h-301095433-HOW_TO_BUY_BREAD_AND_LESSONS_TO_LEARN_FROM_CATHIE_WOODS