Do you guys realise that the dilution is 45%? It means the worth of your share will decrease by 45%. It means initially if you are getting RM1 dividend, you will be getting RM0.55 soon. The company needs to almost double the company's value to "recover" the worth for the diluted shareholders.

Remember last time when the company was guiding a RM50-60m annual earnings from Encore? Even they they can turn it around and achieve that gung-ho earnings, existing shareholders' entitlement for that earnings will fall from RM50-60m to RM28-33m. At the existing share price of RM0.315, the market value of Yong Tai will be RM373m (based on the enlarged shares of 1,183m), roughly 12 times P/E for aggressive case, you guys do the math.

The circular for the biggest share-diluting corporate exercise in mankind history is out. I was a huge fan of the potential of Encore Melaka, now it's the biggest mistake I've ever made in my uneventful investment life. I wonder who the heck would approve such a nonsensical proposal.

https://www.thestar.com.my/news/nation/2019/05/30/dr-m-malaysia-to-use-huawei-technology-as-much-as-possible/

Our beloved PM loves Binacom's large client so so much. MCMC cepat lah sikit kasi 5G up and running!

Thanks @Young Money. Any mention on the timing of transfer to Main Board, as well as the status of venture into other ASEAN countries?

Anyone here kind enough to share what was being discussed in the AGM? Big thanks in advance :)

Personally, I disagree with Mr Koon on encouraging youngsters to take up accountancy course. Unless one is enormously passionate in doing accountancy works, I think he/she is better off studying something else.

The reason is simple. Engineer/scientist/doctor/lawyer/IT pro/whatsoever, with some effort and time, could somehow easily acquire adequate accountancy knowledge in order to succeed in the business arena. In contrast, it is almost impossible for a pure accountant to learn engineering or medical or other sophisticated subjects (unless enrolling into a degree course again).

I've seen many trained-engineers, lawyers even doctors who are successful investment bankers or investment analysts and they can perfectly understand ICULS and financial statement analysis. In Wall Street, rocket scientists are hired to become traders.

So, in my opinion, passion should come first when choosing what to study. I agree with @nofear that not many youngsters actually understand their chosen course and ended up disliking the subjects and eventually, their job. I think parents MUST play an active role, not in choosing the course for the child, but in helping them to discover their passion and how to move on from there.

Thank you sir for your clarification. :)

Mr Koon, I'm surprised that you actually relied on technical indicators to buy stocks, given that you have a long term horizon, plus you don't just buy but you accumulate stocks of individual companies. For such case, isn't it better to accumulate them when they are down or flat? (like your JTiasa)

I'm not a trader either, and I don't believe in "predict what others are predicting".

Mr Koon, thank you for your kind sharing. Your article is simple but yet not everyone could do it on absolute basis (me included).

To add on, despite that many successful tycoons don't possess any tertiary education, their IQ is still -- by far -- better than many PhD graduates (see Li Ka-Shing). Willingness to learn AFTER graduated from school is crucial to anyone to wanted to succeed.

Having said that, we don't need to know everything in order to be successful. Warren Buffett once said "If you are in the investment business and have an IQ of 150, sell 30 points to someone else. You do have to have an emotional stability and an inner peace about your decisions." The Long Term Capital Management LP's fall was a great story on "EQ is far more important than IQ".

MQ and BQ are something new to me. Thanks again Mr Koon, I've learned new things today. :)

Brilliant sharing, Mr Koon. I think it is down to whether you choose to "trust first" or "doubt first". Trusters are often positive and optimistic, hence it is not hard to have a happy life. Doubter, on the other hand... well, you know the story.

Trusting others does not mean trust blindly, but that's another topic.

Investing is an art, not science. There's no right or wrong for using margin financing in stocks investing. The biggest risk is not on the margin financing itself, but it is on not knowing what yourself is doing.

Mr Koon offers his generosity by sharing his experience. We -- the readers -- should not only read, but also think about how his experience would help us.

Brilliant Mr Koon! I think it is not too late to join the ship if one -- especially those critical on Mr Koon -- admits their mistake now. I am sure Mr Koon is not looking at only RM3 or RM4, but way higher than that.

I think it is too early to celebrate now. Anyway congrats to Mr Koon and the riders. :)

Mr Koon, just curious, if I may ask -- do you speak to the management of the companies as part of your stocks analysis? I am referring to understanding the long-term business direction and not insider information. Given your status, I think the CEOs would not want to reject you if you request for such meeting/ conversation.

This is a privilege that we -- the small potato -- don't get to enjoy.

Icon8888, you sounded like a stocks-market veteran and it is my guess that your are not any small potato. Based on what you wrote and your starting date right after the 97/98 Crisis, I guess you have gained substantially in your net worth.

Mr Koon, I am also interested to hear your experience during the 97/98 Crisis and I think it will be very educational but not frightening. Anyway, it is your rights whether to write or not. You are already very helpful in sharing with us. :)

Icon8888, Mr Koon's comment prompted me to read your comments and they are brilliant. Thanks for sharing your knowledge.

On top of your suggestion to look at stocks that not covered by analyst, I also believe that it is very sensible to look into stocks that are not yet invested by the institutional investors like EPF or mutual funds. Chances are there if we can spot it before the institutions, and when they do, the P/E will expand accordingly on top of the earnings growth, if any.

Very good points written Mr Koon. I agree that knowing the company well is by far the most essential factor of thriving in investing. On top of that, I also think that knowing the personality, risk-taking level and the capital allocation skills of the management is equally important. While we -- the small investors -- have no privilege to meet the management team, I think we are still able to evaluate the CEO-&-co by analyzing the business decisions made in the past, such as taking borrowings, making sensible acquisitions, buying back shares when it is cheap, developing new products/ services, managing the profit margin, etc etc etc.

If a management team is honest, capable and long-term oriented, paying 15x P/E for the stocks may still seem sensible.

Thanks Mr Koon. I have been following your writings in other mediums for awhile but did not aware that you have been actively blogging here. Glad that I finally found it and I look forward to more teachings from you in the future.