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2019-07-22 09:47 | Report Abuse
now we know why PNB has been selling non stop past few months
they are disposing to Zeti through open market
Posted by John Lu > Jul 22, 2019 9:44 AM | Report Abuse
Zeti goreng
2019-07-21 16:40 | Report Abuse
Meaning you are no more angry at qqq3 ?
: P
Hope everyone learns something, no point to visit past animosity and trapped yourself in the past.
2019-07-21 15:30 | Report Abuse
I suspect so.... PNB is pushing up the stock so that they can cash out ... at RM80...
I heard...
2019-07-21 10:50 | Report Abuse
Me too. I benefit a lot from Philips wisdom (and OTB, KYY, KC, even newbie SSlee, etc... everybody has something I can learn from)
But doesn't mean philips has to be so arrogant
Posted by Ayoyo > Jul 21, 2019 10:44 AM | Report Abuse
We should consider ourselves blessed by the many collected wisdom in this forum.... I find Phillip to be a breathe of fresh air in bringing a different perspective to a business dominated by numbers that seemed more confusing than convincing
2019-07-21 10:14 | Report Abuse
Apparently 7 morning 8 morning winning arguments is important for Philips
Probably because he thinks he is the best and he knows all
2019-07-21 10:07 | Report Abuse
Yes do all that... but backed it up with good actions and kind deeds
Then nobody will say a word about you
Posted by Sslee > Jul 21, 2019 9:57 AM | Report Abuse
Dear Icon8888,
In religion you suspend your reasoning and believe salvation can only be done thro' Jesus.
Thank you
2019-07-21 09:47 | Report Abuse
Calvin thought if he says some religious words he can go straight to heaven
2019-07-21 09:32 | Report Abuse
7 morning 8 morning already started quarrelling
Winning arguments so important meh ?
2019-07-20 16:31 | Report Abuse
boilermech profit shot up much faster than revenue growth
Sustainable ah ?
Sure it is not spoilermech ?
2019-07-20 16:07 | Report Abuse
It does not have to be 10 times
That is not my point
My point is that when come to controlling stake, don't take market value as the realisable value
In most cases, controlling stake carries a premium. But in this case, it becomes a liability as unlike a portfolio stake, you can't realise it's value by unloading in market
Posted by Sslee > Jul 20, 2019 3:44 PM | Report Abuse
Hahahaha,
Mr. Market is like Donald Trump keep changing his mind. So I am more interest to know your thought process why you give Inari PE of 10. I am trying to learn.
Thank you
2019-07-20 15:34 | Report Abuse
Mr Market gives inari 30 times PE one year ago
Now we know Mr Market was wrong
Because PE has shrunk to 20 times
So, dont tell me to blindly follow Mr Market
He can change his mind pretty fast
2019-07-20 15:23 | Report Abuse
When come to investing, Second level thinking is very important, you know ?
I am being very very diplomatic here
2019-07-20 15:20 | Report Abuse
people will only pay premium if they see value
In Inari case, is there value at 20 times PE ?
Maybe not
So let’s not even talk about premium, it is discount or no deal as far as strategic stake for Inari is concerned
2019-07-20 15:13 | Report Abuse
So how ? 80 or 30 ?
————
Stock: [HTPADU]: HEITECH PADU BHD
Jul 19, 2019 1:58 PM | Report Abuse
ambitious guy. i like it. dream big, that is how you success.
———
cheoky greedy is not good. be realistic. RM30/share. this is mini myeg, aint amazon.
20/07/2019 12:19 PM
2019-07-20 15:09 | Report Abuse
But this is not end of story. The same methodology should be applied to its other so called marked to market assets.
Once we complete the process, we will have better feel of it’s intrinsic value
2019-07-20 15:06 | Report Abuse
Inari existing market cap RM5 bil
Based on historical earning of RM250 mil, it is trading at 20 times PE
If you are a venture capital, do you dare to take control Inari by buying the stake at 20 times PE ?
Maybe not, in view of the fact that Inari is considered a mature company
Maybe 10 times PE they will take it
That means the 20% stake is worth RM500 mil instead of RM1 bil
That means insas net assets = 1882 mil less 500 mil = 1382 mil
Divided by 663 mil shares , realizable value is RM2.08 per share
Well, not bad.
I believe this is a better gauge of insas intrinsic value
2019-07-20 14:38 | Report Abuse
If the 20% inari controlling stake is put up for sale at current price, will there be a buyer ?
If the answer is yes, insas is indeed undervalued
If the answer is no, maybe it is not so undervalued after all
2019-07-20 13:05 | Report Abuse
I like margin of safety
But margin of safety based on earning, not margin of safety based on asset play
2019-07-20 11:48 | Report Abuse
You are right, I will cash out at 75
2019-07-20 06:44 | Report Abuse
The sooner you realise this the less 冤枉路you travel
2019-07-20 06:43 | Report Abuse
Pick stocks based on earning
assets play does not work
Ask calvintaneng how he almost went bankrupt punting assets play
2019-07-19 19:24 | Report Abuse
3iii buffett wannabe everyday acts high class
But dinner eats grass
2019-07-19 18:39 | Report Abuse
dropped from RM3+ to now 40 sen ?
2019-07-19 15:14 | Report Abuse
Target price revised up from RM30 to RM80
RM6 bil myeg + RM2 bil prestariang (before SKIN cancelled) = RM8 bil
Divided by 100 mil shares = RM80 target price
2019-07-19 10:16 | Report Abuse
target price RM30
please read our previous comments and discussions
PH777 Dividend RM30?
19/07/2019 9:38 AM
2019-07-16 22:12 | Report Abuse
Armada needs to deliver good earning
If can deliver , 40 Sen no problem
2019-07-16 22:11 | Report Abuse
They sub it out to different fund managers
2019-07-16 22:05 | Report Abuse
As Long as can make Money
2019-07-16 22:04 | Report Abuse
You can call it investment , trading whatever
2019-07-16 22:04 | Report Abuse
Ok ok don't be so worked up
Punt is just a fun language I use
2019-07-16 21:56 | Report Abuse
Come raiders let's punt some armada
Drag your sslee with you
2019-07-16 21:44 | Report Abuse
KYY formula not wrong
But he himself mess up the implementation Loh
Posted by stockraider > Jul 16, 2019 9:28 PM | Report Abuse
U look at all the KYY stocks, ask yourself, which one, sustained base on test of time, the answer is none loh....!!
I think sslee way, has improved the investment odds alot mah....!!
2019-07-16 21:19 | Report Abuse
Focus on earning growth
KYY original formula
Don't be distracted
2019-07-16 21:13 | Report Abuse
You slot in a one liner to claim insas is an earning play
Then you spent 99.9999999999999999999999999999% of your article to talk Assets play
Who would be convinced it is an earning play ?
2019-07-16 21:10 | Report Abuse
When in Rome do as the Romans
People like earnings play, you talk Asset play
Of course share price won't move lah
2019-07-16 20:43 | Report Abuse
Don't believe in Asset play
Will die standing
Ask calvintaneng
2019-07-16 20:42 | Report Abuse
Share price is mostly driven by earning
Uncle Koon original formula : buy stocks that next year earning is expected to be higher than this year earning
It is the best, try it out
2019-07-16 11:13 | Report Abuse
and also the Australian court case... bring in RM1 bil if wins
Posted by qqq3 > Jul 16, 2019 11:07 AM | Report Abuse
Armada is a good contrarian play, one of the best. Stock fallen from $ 4 to 20 sen........billions written off, billions of loan liabilities, bankruptcy risk....but to a contrarian, game not over yet, there is hope yet, still winning projects............turn around plan based on monetisation of assets is a possibility.
Stock: [HTPADU]: HEITECH PADU BHD
2019-07-22 09:55 | Report Abuse
dumb dumb hold wait for RM80