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Posted by Sslee > 18 hours ago | Report Abuse

We will work hard and with our heart to attract and maintain appropriate high quality ownership in icapital.biz Berhad. Your Fund can go back to a premium or close to one as we continue with this next exciting phase of your Fund's unique mission.

By the way it is none of icapital business to attact and maintain so called high quality or low/poor quality shareholders.

Icapital is ultimately bear the responsibility to grow Icapital Book value/NAV at faster rate as it can. Please work hard and with your soul to get more multibaggers stocks into icapital portfolio. Full stop
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Yes, stay focus on the most important.

https://myinvestingnotes.blogspot.com/2024/02/value-traps-in-real-life.html?m=1

Value traps

Do a comparative study of Insas and Oriental Holdings. Both are "value traps" by definition. You will learn a lot when you compare these companies side by side.

Have a good day.

Price has retraced back to its previous high levels.

Understanding Value Traps

If you believe a stock has an a true ("intrinsic") value, you will try to buy it below that level (when it's "cheap"). So why sell if it gets even cheaper.

A stock that stays at a large discount to intrinsic value is a "value trap". It's an important issue for value investors and there are are few methods of avoid value traps.

One way to avoid a value trap with a cheap stock (like Benjamin Graham liked) is to buy them with catalysts, i.e. new management or new plans to unlock that value through buybacks, dividends, or sale/merger.

The best way to avoid a value trap is to buy a growing business that increases value over time.

Cashing In

Even if you've found a company that has true hidden value without any claims on it, you have to wait for the market to come to the same conclusion before you can sell for a profit. Corporate raiders or activist shareholders with large holdings can speed up the process, but an investor can't always depend on inside help. For this reason, buying purely on book value can actually result in a loss - even when you're right.

If a company is selling 15% below book value, but it takes several years for the price to catch up, then you might have been better off with a 5% bond. The lower-risk bond would have similar results over the same period of time. Ideally, the price difference will be noticed much more quickly, but there is too much uncertainty in guessing the time it will take the market to realize a book value mistake, and that has to be factored in as a risk.

Value Play or Value Trap?

If it's obvious that a company is trading for less than its book value, you have to ask yourself why other investors haven't noticed and pushed the price back to book value or even higher. The P/B ratio is an easy calculation, and it's published in stock summaries on any major stock research website. The answer could be that the market is unfairly battering the company, but it's equally probable that the stated book value does not represent the real value of the assets. Companies account for their assets in different ways in different industries, and sometimes even within the same industry. This muddles book value, creating as many value traps as value opportunities.

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The pursuit of profits should not be done at the expense of due diligence and carelessness or else what befell Credit Suisse, Barings Bank and Lehman Brothers can also happen here
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Well written ... and not forgetting your investing into NETX. :-)

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Stock: [JTIASA]: JAYA TIASA HOLDINGS BHD

7 hours ago | Report Abuse

As for Netx we bought it during 2018 Nfcp theme with Redtone, Opcom and Sacofa (Cmsb)

So all must see Netx in its context

As to selling 8 houses to buy Netx is it your hear say or you got proof of posting?

And what we do is all transparent
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It was transparent. Disgustingly, calvin chose to lie. It was calvin who posted in i3 that he was so convinced of his big find Netx and he sold 8 properties to invest into it.


You will never have a good deal or good outcome from one who lacks integrity. :-)

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Posted by calvintaneng > 23 hours ago | Report Abuse

Calvin knew 3iii investbodoh since year 2013 from investlah forum

He opposed Calvin's pm corp and told all pm corp only worth 14.4 sen to turn away investlah people from buying this good stock

As a result investlah people got no proper guidance and gone punting in stocks like patimas and sumatech which later gone bankrupted
Finally www.investlah itself closed shop
Main cause is 3iii and he has washed himself from all responsibility
Avoid him at all cost

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So sad to see calvin resorts to telling lies. He should just face the facts.

As for Patimas, it is again a white lie. A promoter started the thread, "Patimas, target price 30 sen." The promoter was so good, persistent and convincing, many suckered followed. It was so sad to learn valuable lessons from the foolishness of these suckered.

That thread would have been a great resource for those wishing to understand how a penny stock can the manipulated. Soon after, the promoter/manipulator disappeared. :-(

From 1998 to 2018 and also 2018 to 2020, Anwar had endured huge pressures and loss of personal liberty. This huge personal sacrifice can only be achieved based on strong conviction, commitment and inner beliefs. Compared to any other politicians, none has suffered more for their conviction than this chap, Anwar.

SSLee

Humility is not in Calvin's character. Not over the last 10 years. Ha ha ha.

My interaction with him on GSB, Netx and TSH (for TSH, the last 2 years confirmed his crude personaility. :-(

iCap is a value trap. Has been for many years already. For those wishing to cash out of this fund, it will be at a huge discount.

Maybe convert this closed end fund to a mutual fund. ;-)

When the time is right, the remarkable rise, fall and rise of PMX should be written extensively.

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Posted by investor77 > Feb 1, 2024 3:28 PM | Report Abuse

Sometimes wonder why there are many haters of Calvin, even tho he gives very good facts. Many gained from his post on B Plant, Tanah Makmur, Cita Global, etc.

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Calvin's fault. :-)

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Posted by calvintaneng > 1 hour ago | Report Abuse

Great investment Guru have said

After you have done your homework and bought into a stock

And after buying prices happen to drop more do not be afraid to buy even more

So at Rm1.09 we dared to buy. Now below Rm1.09 why can't we buy more?

Of course we can and happily do so as stock now even cheaper

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The truth is otherwise. :-)

At 1.78, calvin was salivating already.

Property and development sector account for 30% of the GDP of China. These sectors are bad at the present time. It will take a while for the whole Chinese economy to adjust and recover. The Chinese population turned cautious after the pandemic lockdowns, and they are cutting their consumption and saving more. The slow down of the Chinese economy will affect its trading partner countries too.

General trading: anticipating moves in the market as a whole.

Selective trading: picking out stocks which will do better than the market in the short term.

Benjamin Graham warned what NOT to do. He did not consider that either general trading or selective trading has any place in investment practice. Both of them are essentially *speculative* in character because they depend for success not only on the ability to foretell specifically what is going to happen, but on the ability also to do this more cleverly than a host of competitors in the field.

The real money in investing will have to be made - as most of it has been in the past - not out of buying and selling, but out of OWNING AND HOLDING securities, receiving interest and dividends, and benefiting from their long-term increase in value.

A mad-hatter Calvin is. Telling everyone and everyday, his excellent foresight (eagle eye) and how "clever" he is. Humility is not among his character. ;-)

For someone with a long term portfolio with a great track-record, calvin is disadvantaged when pitted against this person. Among the stocks in the portfolio, there are many with multiple baggers. Moreover, dividends of millions have been realised over the many years. Of course, the portfolio values did decline in certain period of its long tenure, but a value investor who knows his companies with great businesses need not have to sell. Over the long term, the market does realise the true values of these growing companies.

Most money in the market is made by sitting still, in the market; rather than trying to time the market.

Poor calvin.

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Stock: [TSH]: TSH RESOURCES BHD

2022-12-20 22:02 | Report Abuse

PPB
2000 RM2.00
2022 RM17.18

TSH
2000 RM 0.74
2022 RM 1.04

The opportunistic cost of not investing in a great company for the long term is indeed huge.

Stock
Stock: [TSH]: TSH RESOURCES BHD

2022-12-20 21:53 | Report Abuse

tsH
the latest of many many promotions in i3 by calvintan.

Why is he mentioning Robert Kuok and PPB in his promotion of TSH? If he has been smart, he should have been invested in PPB for decades today. I have been a long term investor in PPBOil and FFM for years. Today, I continue to hold my investment in PPB.

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:-)

Of course, we have heard his story of selling 8 houses to invest into his best find (NETX) ever. Hope he will share his honest lessons on this too.

KLK:

It is a great company. However, a great company may not be a great investment.

ROE 5.83
ROA 2.75
ROTC 6.66
ROIC 3.87

DY latest 2.68%
Price RM 22.42 / share

Huge plantation stock. Growth will be slow by nature of its size. Well managed. Trustworthy management, that continues to manage the business diligently and rewarding the shareholders.

We will just have to focus on our investing. So much noise from a Singaporean. :-) He is particuarly disturbed by NETX.

calvintaneng should be more humble. I am so much richer than him. It is always better to be humble.

TSH was a hugely indebted company. It had no choice but to dispose its assets to pare down its huge debts. The good oil palm price allowed the company to dispose its assets in a favourable market environment.

It has pared down its debts substantially.

Nevertheless, going forward, its recurrent earnings will be like its past. One should not expect great changes. Of course, the savings in interest expenses are obvious.

The plantation (oil palm) had a good run for 2 years. Its exceptional profit margins have contracted back to its prepandemic level.

How should you analyse TSH as an investor?

Always look at its recurrent income.
Extraordinary income is one-off and non-recurring.

@ RM 0.99 per share, its market cap is RM 1.37 B

Sept 2023 Latest
Cash 328 m
STD 290 m
LTD 126 m
Total Debt 416 m
Net Debt 88 m

TSH financial statements

RM (millions)
Item ... 2022 ... 2021 ... 2020 ... 2019 ...2018
Cash ... 382 ... 297 ... 163 ... 126 ... 108
STD ...395 ... 523 ... 691 ... 537 ,,, 663
LTD ... 166 ...591 ... 623 ... 898 ... 793
TD ... 561 ... 1114 ... 1314 ... 1435 ... 1356
NetD .. 179 ... 817 ... 1151 ...1309 ... 1248

NOI ... 316 ... (91) ... (34) ... (36) ... (24)
PBT ... 507 ... 199 ... 98 ... 43 ... 74

Latest qtrly PBT earnings
Item ... Sept23 ... Jun 23 ... Mar 23 ... Dec 23
PBT ... 54.5 ... 24 ... 59.1 ... 56.1

THE GREATER FO OL BLOWS BIG, BIGGER & BIGGEST BALLOON STOCKS (LATER ALL GO BURST!!!)


SOME TYPES OF GREATER FO OL STOCKS



1) STOCKS WITHOUT REAL EARNINGS JUST

Pumped by Rumour
All chase it into a big, bigger & biggest bubble.

2) Political Stocks
Companies that have poor fundamental also chased up

3) ALL KINDS OF GURUs TOUTING THEIR NEXT LIMIT UP STOCKS

All the Wat erfish, Newbies, So rchai, Sot ong, Ik an B ilis chase & chase

4) GREATER FO OLS OVERPAYING FOR INFERIOR STOCKS OR CHASE GOOD STOCKS INTO OVERVALUTION AND END UP BLOWING THE BIGGEST BUBBLE!

This one also a great danger!

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EVENTUALLY THE BUBBLE MUST BURST BECAUSE THERE IS NO REAL EARNINGS (OR SMALL EARNINGS) BUT ONLY THIN AIR & RUMOUR



BETTER WAKE UP NOW!!!



NETX:

No earnings
Promoted by our friend from Singapore, who sold 8 houses to speculate in this company
1 sen went up to 8 sen per share, and promoter said it was cheap, as it was valued at 40 sen per share
Interestingly, hope his son learned from his valuable NETX lessons and to avoid repeating the same.

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/231180?_gl=1*gy5l7f*_ga*ODM5NjIyNjQuMTY5NTY1Nzc4MQ..*_ga_MNBHX2J50S*MTcwNDM1NzI2OS42LjEuMTcwNDM1OTQxOC41NS4wLjA. THE INVESTMENT APPROACH OF CALVIN TAN
CALVIN WANTS TO TELL ALL AT NETX (0020) , I AM KEEPING ALL NEXT SHARES TIGHTLY, Calvin Tan Research

calvintaneng
Publish date: Mon, 21 Oct 2019, 01:40 PM
Dear Friends, Investors & Traders

NETX (0020) IS A STOCK WHOSE TIME HAS COME

CALVIN IS EXTREMELY BULLISH ON NFCP NASTIONWIDE FIBERISATION STOCKS ESPECIALLY NEXT, OPCOM & REDTONE

SO FAR CALVIN IS HOLDING 100% OF NETX SHARES HE BOUGHT TIGHTLY

CALVIN HAS NOT SOLD A SINGLE SHARE OF NEXT YET

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SOME TYPES OF GREATER FOOL STOCKS



1) STOCKS WITHOUT REAL EARNINGS JUST

Pumpep by Rumour

Syndicates churn stocks to Top Volumes

Stock brokers join in to spread the hot hot news

All chase it into a big, bigger & biggest bubble.

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Hmm... reminds us of Netx😀

Reminds us of NETX

Coastal: Good company. Competitive environment. Cyclical. Asset heavy. Capital intensive.

Nestle: Great company. Economic moat - wide. Well managed.
Slow grower (in line with population and economic growth)
Dividend growth investing

PMHolding: Gruesome. Asset play

Netx: Gruesome Avoid

Allianz

Good company
Slow grower
Dividend growth stock

Pentamaster:
Good company. (Gruesome in the past)
Fast grower.

Scientex: slow grower, cyclical-growth

Speculative counter. At one time, it supplied headphones to Apple. A few years ago, it was speculated that its latest headphone to be launched in time for the Christmas season would be a great hit with consumers. Its share price was just above RM 1.00. Alas, that product did not sell well. I think Apple launched another product or something similar. After that, Salutica's business went down a lot. Its share pirce followed too. It dropped to close to 50 sen per share.

A few months back, for reasons "unknown", its share price shot up to RM 1.30 or slightly higher than that. Those who sold were lucky to be able to cash out of this counter.

The court case will be a drawn out affair for now.

Sadly, very few good/great companies in Bursa for long term investing.

DC Healthcare: IPO speculative

Insas: Asset play,

Padini: slow grower, dividend.

MYEG: growth stock, speculative

OSK: slow grower (recent years), dividends

Capital A: turnaround, cyclical.

AAX: turnaround, cyclical

High risk, turnaround rarely turns. Or may take a long time to turnaround.

United Plantation: cyclical, slow grower (cyclical growth)
KLK: cyclical, slow grower (cyclical growth)