Goes without saying that Calvin is way off the mark on his palm oil stocks in 2022. Making wrong calls is human and forgivable but not acknowledging them is not. With this one grievous omission, Calvin has lost any semblance of credibility by my reckoning. However, with the start of the new 2023 year, let us put the past behind and begin the year on a fresh note.
@calvin ; Recalcitrant clown. Can you read or even understand simple English? The directors have stated they do not recommend a final dividend for FY2022. And what long term funds are buying into Jtiasa? EPF has been a net seller of plantation stocks this year including Jtiasa. Stop your desperate gibberish.
Granted, Jtiasa is a disappointing investment which can be laid directly at the doorstep of its management. They are weak at investor relations and forward guidance. But at 60 sen and dividend resumption following return to profitability, the downside is limited even if earnings may decline the next two years with lower CPO prices.
@calvin; Read and comprehend; no final dividend was declared fy2022. Stop your simplistic error strewn analysis of company results if you can't even get basic facts right. Better still, go back to face your critics in TSH thread.
I'll also like to see less related party transactions and judicious use of share buybacks when the share price is beaten down, like now, when sentiment is weak despite clearer indications of continuing future profits. This will give confidence to longer term investors that management is on the ball and have their interest at heart as well.
What's with the directors? Interim dividend 2.8 cents (20% profit) declared after decent 4Q results but no final dividend despite biggest profit in 10 years. You fellas should give better guidance to shareholders. Would have preferred 1.4 sen interim after 2Q results plus at least another 1.4 sen final, if not 2.8 sen, which the company can easily afford. Make some effort to compensate for no dividends the last few years.
Looking forward to decent 4Q2022 results and a resumption of dividends to long suffering shareholders. There is no reason not to pay dividends given high CPO prices this year and company's return to profitability. Unless the directors want to cement their already miserly reputation among minority shareholders.
Still a good recovery play. Timber division losses are decreasing. Palm oil plantation is good. Manufacturing is holding up well. Purchase of new frozen foods business turned out to be a small windfall. Controlling shareholders show faith in company's prospects. Possibly family feud is resolved with Wong Kie Yik/Wong Chie Kie side prevailing since they purchased more shares in the market.
I never thought of Calvin as a deliberate crook; somewhat of a narcissist and inveterate, yes, but not a con artist. But perhaps this unkind view is another possible explanation for his inexplicable activities. He takes all the flak thrown at him and come back for more. How come? Normal people won't.
@skoh; Sigh! Thought there was a 20% chance Calvin would cease and desist, others follow suit and we can have a civilized one week reprieve at the very least. Now all gloves are off and it will be a bare knuckle fist fight all the way. What can one say about him? Even psychotherapy may not help in his case, the narcissism runs too deep and has for far too long. Totally incorrigible.
@Calvintaneng ; This is Sunday. Give yourself and I3investor a rest. This insanity has taken over your life and it must be hellish. It matters not who or what is ultimately right or wrong for time will reveal all. Just hold your comments and please, others as well, for the time being until at least 06/22 quarterly results are out. Let us then see how the market reacts. Personally, I think results will be satisfactory but market reaction will largely be muted.
At long last WTK shows some promise; moving back above 50 sen today after director Wong Chie Kie of Fortescue fame bought some 5 million shares in July and company recommences share buyback. Wong, resident in Australia, became a billionaire following his phenomenal investment in Fortescue Metals where the penny stock in 2003 now trades at A$19.
@anthonytkh; The most money I ever made was when I bought into an out of favor stock for a fraction of its potential and held it for more than 10 years through thick and thin. I cashed out most of it when the majority shareholder made a GO as I suspected he would. I still hold some. As for short term trades, my track record is not good to say the least as I hate to cut when I really should. I think skoh beats me hands down there.
Thanks for your view on the shorter term market trends. Not a trader at all so I'll hang on to my plantation stocks in the meantime pending quarterly earnings results and market response. Election theme stocks can be risky plays.
@JJPTR; Surely the bank nominee company cannot deal with clients' shares as they please without their clients instructions or explicit consent? That includes clients pledged shares bought on margin and registered in bank nominee company.
@anthonytkh; I think you are right. Better for my mental health to let the person continue to be what he is and just ignore his sometimes absurd posts and annoying idiosyncrasy. Going to the pub to have an ice cold beer this really hot day. You have a good day yourself.
Calvin; You really are a narcissistic clown. I don't care how much you buy or what price you buy at. The question was whether it was wrong to exhort investors to buy at high prices in April/May 2022 when industry experts were predicting CPO prices will decline but of course the narcissist in you will never admit to being wrong. Yes, you exhibit defining symptoms of a narcissistic personality with all the accompanying traits of being prideful, insecure, defensive, manipulative, needing constant admiration and of course the I-cannot-be-wrong syndrome. But do not fear. A skilled psychotherapist can treat the condition in time.
@Calvintaneng ; Were you wrong in April/May 2022 when you exhorted investors to load up on and hold tight TSH and other palm oil stocks at very high prices even as industry experts predicted CPO prices at RM7000 were not sustainable and would decline?
@See_Research; Your note to chon888 on how to get out of penthouse priced stocks is obviously well meant. Yes, that is pragmatic advice and not some pie in the sky fantasy. Keep up with it and leave the pied piper to his opiate dreams. Time and events will reveal the fakes, the charlatans and the insane in this thread.
@Bryanish; Be reminded of Tan Wee Chai & family buying Topglove in their personal capacities as well as huge share buybacks not too long ago. Were they wrong? Yes, most definitely yes, their pockets and the company's coffers tell them so now. Some of their friends suffered as well.
@skoh888; Yes, Money Heist the original Spanish but not the insipid copycat Korean version which obviously has little originality. A repeat loses impact, constant repeats become annoying and never ending repeats are the product of a sick mind. Reminds us of someone here,
@See_Research; Excuse me for intruding but I really think we should call a truce. Really unproductive and pointless to critique Calvin for he has serious issues that only he can resolve. Do not descend to his level. Peace, one and all and let's get back to investing not personal warfare.
Vinsanity returns again. I have never heard of a public listed company that gave free shares to employees. Stock options, yes, but you need to shell out good money to exercise it before expiry. Pray tell us the name of this wonderful company from fantasy land - surely not Disney?
The deceptive and oft repeated inane comments on TSH have become insane in its repetition and can be labelled as vinsanity. This is the hallmark of a deeply disturbed individual who cannot accept he has been wrong and continues to insist he is right, or will be proven right if enough time is allowed to pass.
Shut your trap, Calvin, and preserve your teetering sanity. Robert Kuok rode on the sugar wagon to make his first fortune in 1963 speculating on the London sugar market. Palm oil came later, much later, and Kuok gave the credit is given to his nephew for building up Wilmar. Read Robert Kuok's 'A Memoir' published 2013 to gain some insight into a great business mind.
Someone here has a bad case of "vinsanity" but will deny it to his last day. The remedy is very simple but unattainable due to some peculiar personality disorder that prevents him from accepting having been wrong and moving on.
An obscure news report from Indonesia mentioned the discovery by fishermen off the coast of Bali of a UFO (unidentified floating object) over the weekend. Upon hauling the object, which resembled a large water tight tong, on board and opening its hatch, they found a near delirious man inside mumbling words to the effect of "buy kaw kaw, die die hold". Wanting to help but being very superstitious creatures, the fishermen decided to cast the tong back into the sea with some water and food provisions for its occupant. The UFO has not been sighted since but scientists surmise prevailing winds and tides will bring to shore somewhere on Bali island.
Looked into the 'tong sampah' this morning and guess what I found? One miserable excuse of a human being skulking there now that TSH has become a penny stock below RM1. Now don't get me wrong, I don't have anything against TSH or any plantation stock but you don't go against market trends and expect to be a winner.
If he can't sway you by a dispassionate distillation of facts and logical arguments, he thinks he can by obfuscation, endless repetition, selective analogies and the like. What a character! Why not just admit wrong for once and move on. There's life away from the palm oil estate and the vagaries of the market.
@See_Research...How can anyone dazzled by the gold in palm oil look up to see danger when walking under a building being renovated? He can see giant treasure under the ground but not debris falling from the sky. He has selective sight and hearing but a diminished bank account for sure. But he's not wrong; the treasure is somewhere nearby!
After selling in 1Q2022 and early part of 2Q2022 at prices from 1.80, 1.70, 1.60, 1.50, 1.40, 1.30 for TSH, why shouldn't GLICs buy back around RM1 now? Makes complete sense to me. Those investors who heeded buy kaw kaw, die die hold calls are the losers.