sell n change over to ancomlb

once 20.5 sen cleared...... fly fly fly fly.... to god knows how high...

ancom bhd nid cash... so we ride along n get some cash too...

20.5 sen now... there told u selling at 20 sen is way too soon

and, jz broke 52 weeks high wit volume..... selling at 20 sen is way too soon

yes 8 sen for a 10 sen share... isn't it great!!?!!

Wah... company want to pay back 8 sen to u... why u so anxious to sell at 20 sen???!!! too soon la..

in d other counter... jz mere mention of capital repayment... d price went up 75%

here up jz 15% u can't wait to sell... too soon la....

up cos d SPAs r now concluded n shares transferred... cordlife is now d direct holder of stemlife shares...

actually d two directors who cashed out hv more then 20% share in stemlife.... but cordlife jz bot 19+%... how come???

if more than 20% cordlife can then take into its account 20% of stemlifes profit... now jz can wait for stemlifes dividend... if none declared no income to cordlife... so is cordlifes plan for stemlife long term or not??

ya.... compassion n luv luv.... to all who jz found out they r not really tat nimble nor hot.......

contract is signed... is in hand now... so it cannot b b'cos of the contract....

it is jz tat tis counter is d ultra sensitive type.... it is d very first one to response to d USA govt shutdown n debt ceiling problems...

in time all counters will drop like tms.... don't worry... everybody wil become poor n equal again..

so don't feel bad.....

adoi.... mbb came out wit valuation n recommendation..... for director to sell at 1.61????

non believers don't despair......

as believer or non-believer each individual is a part of God and will ultimately merge in God.... we may call this re-union with God as going to heaven..... via some other counters

newbie.. want to give it a try to explain tis:

Quek Leng Chan sold to UOB..... anyone want to try n explain what is tis kind of transaction all abt?? A good chance to put in ur 2 sen to help dissect how big fish think....

UOB was d market maker to goreng narra??

on 25/09/2013 price range 1.63 - 1.87 1.70 +0.08 (4.94%)... 1.87 is 52 wks high

fact remains... u buy TWO shares now your cost is 1.68 x 2 = 3.36..... post all this will become ONE share at RM 3.36.. but NA is only 0.69.... EPS 3.09 SEN... PE ratio 108.73... ya narra is great!!!!

ok la... say narra prospered..... double everything... NA 1.38... EPS 6.18 SEN... PE still 54... not high?? Quek Leng Chan premium is worth an additional PE of 20???

Quek Leng Chan is shrewd... u think he wil privatise at high price.... check his most recent attempt to take private one of his companies...

not necessary.....

figures posted by me are as stated in narra announcement... announcement not accurate??

fact remains... u buy TWO shares now your cost is 1.68 x 2 = 3.36..... post all this will become ONE share at RM 3.36.. but NA is only 0.69.... EPS 3.09 SEN... PE ratio 108.73... ya narra is great!!!!

Quek Leng Chan sold to UOB..... anyone want to try n explain what is tis kind of transaction all abt?? A good chance to put in ur 2 sen to help dissect how big fish think....

UOB was d market maker to goreng narra??

on 25/09/2013 price range 1.63 - 1.87 1.70 +0.08 (4.94%)... 1.87 is 52 wks high

KClow..... Quek Leng Chan is shrewd.... u r screwed.. at d back without rubber... HAHAHA

KClow HAHAHA.... again... u buy TWO shares now your cost is 1.68 x 2 = 3.36..... ex all this will become ONE share at RM 3.36.. but NA is only 0.69.... EPS 3.09 SEN... PE ratio 108.73... ya narra is great!!!!

Jz go to sleep at night now.. don't worry too much abt narra.... u fool


From d announcement, since u don't dare to go n read up....

8.4 NA and gearing

NA per share (RM) 0.69

Gearing ratio (times) - - 1.15


8.5 Earnings and Earnings per Share ("EPS")

Based on the enlarged issued and paid-up
share capital after the Proposals of 479,093,800 New Narra Shares, the EPS of the Narra
Group will increase from 0.12 sen

to approximately 3.09 sen.


8.6 Dividend

None

1.76.... : ) traders r in scable now.... D actions cld b fast n furious.. going both ways... up down up down up down.... faster n faster...

HAHAHAHAHA...

jz go to sleep at night ok.. don't u worry abt narra too much....

KClow.. seriously.. hv u read d announcement or not?

HL had actually flipped these assets many times lo...

HAHAHA even if u add on a quek leng chan premium also cannot help u la...

ok now... we wil hv d pleasure of making u sweat.... n for ur sake wil make it simple..... say u buy 2 narra now u cost wld b 1.70 x 2 = 3.4.... tis wil become one later... meaning ur cost for one post all is 3.40... jz chk d announcement to c how much is d EPS for narra post all.... start having sleepless nights... LOL

HAHAHA on d contrary... if u r following narra u wld know it dropped to 1,54 like 5 6 days ago.... right? I got some at 1.55 ok n all sold n made some ok... but tat was all momentum trades ok...

now u go read d narra announcement... LOL

HAHAHA... ok... jz consider tis good advice whc u didn't take.... u fool..... go read d narra announcement first la.. open minded nut wit closed eyes LOL

wah... look like u hv not even read narra announcement..... jz buy ah???!!! LOL

jz want to make sure.. cos we want to know d joke is on u n we hv d last LOL.... ok hv u read d announcement or not?

ok jz tell us u r stil holding..

KClow.... tell us how many units u bot n at wat prices n stil holding.... thn we wil let u know why narra is crap...

Even at d price now... Tis co shd b avoided like a sin

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kcchongnz.... Ya it is d truth... STANDARD & POOR... MOODY... jz simply valued d subprimes as 'AAA' without doing a thorough job... i read tis somewhere... not made up by me..

Kcchongnz.... Why suddenly praise me o?

Alex chan n hiddengem dont blame ur writeup for d drop in malton price... they know it is due to d curbs...

Ya.. precisely..... u jz sit at ur desk n look at its account... n go on n on abt tis co... without even taking in consideration d obvious such as its prospective projects which r huge... or d likely effects of d measures by BNM n other government agencies to curb properties prices such as banning of DIBS increase in RPGT % reduction in loan % ...

MY GOODNESS.. YET NOW U WANT TO TAKE CREDIT FOR D DROP IN ITS PRICE NOW... YA YA RIGHT PRICE DROPPED FROM .9+ TO 0.8+ NOW ALL BCOS OF UR DAMN SCARY NONSENSE... RIGHT

Kcchongnz... never heard of d subprime crisis... tat is why i say... young man.. u must check ur youthful recklessness...

I WAS FLAGGED17 TIMES...U CAN CHECK URSELF.... WELL DONE TO U N UR CAHOOTS ...


WHY STIL NID AN ANSWER?? ISNT UR OWN POST IS SELF -EXPLANATORY ENOUGH??

ANYWAY... OK...

How else do you expect me to do it? By separating the cash flow of each individual power plant, each business units, and forecast their respective cash flows year by year and after 5 years to 10 years, 20 years and then calculate the present value of each and sum them up? 

NOW U R TALKING.... FINALLY U GOT IT.. AFTER MY 4TH ATTEMPT TO GET IT INTO UR HEAD...

HOW COME SUDDENLY U KNOW??? JZ READ UP FURTHER OR ASKED SOMEONE WHO REALLY KNOW VALUATION?

How much work got to be done and how many assumptions have to be made and so many analysis to be done? Do you have a clue of that? Are you out of your mind? Who am I? What kind of resources do I have? 

IN D IMPORTANT MATTER OF STOCK VALUATION WHERE $$$$ IS INVOLVED... U CANT GO FOR CONVIENENCE AT D EXPENSE OF ACCURACY!!!
IF U DONT HV D EXPERTISE N RESOURCES TO DO IT.... U SHOULD REFRAIN.. REFRAIN... FROM DOING IT..... NOT B RECKLESS N COME OUT WIT A HALF BAKED ONE... UNDERSTAND??

If you think this must be the way to do it, then show me how you do it? Talk is easy. If you are not able to, then get some professional analysts to do it and show me. Tell me how do most professional analysts do their analysis? Do they do like what you want me to do? Just go and read those analysis there are doing now.

I HV TOLD U I REFRAINED COS I KNOW WAT IS INVOLVED TO DO A PROPER VALUATION... I REFRAINED U DONT...

PROFESSIONALS R OF COS DOING IT IN D WAY I HV TOLD U IN MY EARLIER POSTS... THEY MAY NOT SHOW U THEIR CALCULATIONS UPFRONT... BUT IF THEY ARE SUED BY THEIR CLIENTS FOR WRONG VALUATION THEY WILL HV THEIR CALCULATIONS TO BACK UP THEIR VALUATIONS!


DID U KNOW HOW TIS SUBPRIME FINANCIAL CRISIS WHICH IS IN ITS 5TH ANNVERSARY STARTED???

IT STARED LIKE THIS...  TIS IS D TRUTH TAT I READ SOMEWHERE... NOT MADE UP BY ME OK.... 

STANDARD & POOR... MOODY... UPON SEEING D BUNDLES OF LOANS FROM D INVESTMENT BANKS SAID SOMETHING LIKE THIS:

How else do you expect me to do it? By separating the cash flow of each individual power plant, each business units, and forecast their respective cash flows year by year and after 5 years to 10 years, 20 years and then calculate the present value of each and sum them up?  How much work got to be done and how many assumptions have to be made and so many analysis to be done? Do you have a clue of that? Are you out of your mind? What kind of resources do I have? 

N THEN WHITOUT SITE VISIT.. WHITOUT CLARIFICATION FROM MANAGEMENT.. WITOUT FACTS FINDING.... PROMPTLY USED A SIMPLICITIC VALUATION FORMULA.. KEYED IN SOME BALANCES.... N CAME UP WIT A VALUATION OF "AAA"....... THE REST IS HISTORY AS WE KNOW IT...

D point is mr vain IF U DONT HV D EXPERTISE N RESOURCES.. U DONT GO N DO A VALUATION ANYWAY... U REFRAIN... REFRAIN.. REFRAIN!!!! UNDERSTAND OR  NOT???  u mr feel so good abt urself... yes u r so at d top of "i m so vain league of ur own"!

Cherry... getting greedy... tot u said 2.00 has to wait till 2014.... dont b greedy now..

Singapore Cordlife is going only for d cash pile in stemlife... b careful

Wat stemlife has tat cordlife doesn't hv... furthermore wit d two founder doctors cashing out... only vicent tan is left.... can cordlife get any stem expertise from vincent tan? u tell me..

Cordlife is only buying 19+%... if for long term it shd buy at least 20% in stemlife.. wil wait for tis before buying..

Kcchongnz.... NO ANSWER IS BAD ENOUGH.. WAT IS WORST IS TAT U HV ACTUALLY FLAGGED ME FOR ABUSE FOR A TOTAL OF 17 TIMES...17 TIMES!!!

CAN'T ANSWER IS ALREADY NO GOOD INSTEAD TRIED SO HARD TO SILENCE ME!!?? OMG!! REALLY DID NOT EXPECT U TO SCOOP SO LOW.... OMG!!

KCCHONGNZ... NOW WE REALLY KNOW WAT KIND OF PERSON U R!!!

N REALLY WAT KIND OF SECRET DEN R U RUNNING?? TAT U HV TO TRY SO HARD TO SILENCE SOMEONE WHO JZ SO MUCH AS QUESTIONING UR VALUATION ??!! OMG!! OMG!!

I3 administrator well done.... good work.. N kindly do something abt tis guy who abused d Report Abuse... TVQM..

kcchongnz..... i dont nid ur answer la.... i can point out ur mistakes.... i of cos knew d answer.... u mr empty vain...

KCCHONGNZ... MY 4TH ATTEMPTS TO PUT FORWARD MY CASE.. N JX YET ANOTHER QUICK N EMPTY REBUKE FROM U.... ANY MORE RESPONSIBLE N RESPECTABLE PERSON WOULD HV SAID.. O.. JKHOO LOOKS LIKE U HV A POINT THERE... LET ME TAKE A LOOK AT MY VALUATION AGAIN...... BUT U R SHIT LA..

BUT SINCE $$$ INVOLVED N YOUNGSTERS... YOUNGSTERS WHO THUS FAR HV RESPECT FOR U R WAITING... I URGE U TO GIVE A GOOD TECHNICAL ANSWER BEFITTING UR VAIN...

Kcchongnz... IT IS PRECISELY TIS COCKY VAIN OF U TAT I CANNOT STAND... A DISCLAIMER IS FOR UR OWN GOOD COS UR VALUATIONS COULD B TOTALLY WRONG BUT PEOPLE HV PUT IN ALL THEIR RETIREMENT FUND BASED ON RECOMMENDATIONS.. HOW CAN U SLEEP?

Jz one last attempt for nozeka n Jaack1 sacks....

Ok assumed nothing changes... no new bizs n existing bizs remain... so tat d profit n cashflow for 2016 will b d same as ur 2012 balances... n d two IPP concessions which contribute 76‰of these stil wil end by early 2017...

Since d profit n cashflow for 2016 will b d same as ur 2012 balances.... so if u used ur valuation method n applied d 2016 bals... ur valuation of MFCB as at end of 2016 wil b d same as for 2012 tat is 4.02... How can tat b when come 2017 thr wil b 0 profit n cashflow from d two concessions..

Surely u must b out of ur mind to pay 4.02 for MFCB as at end 2016 when d two concessions wil end by 2017....

Jaack1... after 2017 d 98442000 will not b there anymore but kcchongnz valuation is inclusive of tis 9844200 till perpetuity... till forever... u tell me if he valuation is right?

Nokenzo u get it or not?

Anyway... wish u all good luck...

No more posting from me here.

INVEST88.. HAHA.... BETTER WEAR YOUR SPEC N LOOK AT MALTON THREAD AGAIN...

http://klse.i3investor.com/servlets/stk/6181.jsp

THAT THREAD IS FOR TAT ULTIMATE MORON N IDIOT Sephiroth WHO BLAMED MY POSTS THERE FOR CAUSING MALTON PRICE TO DROP WHEN IN FACT IT WAS ALL BCOS OF HIS ULTIMATE STUPIDITY.... N HE HAS TO LIE TAT HE HAS SOLD AT HIGH.. FREAKING ULTIMATE MORON N LIAR..

KCCHONGNZ AREN'T U WORRY? U FOLLOWER IS LIKE TIS O.... NOT DANGEROUS KA??

Ok i hv wasted enough of my time here... wish u all good luck..

kcchongnz.. i dont know abt ur other valuations la... i hv neither d interest nor d time to look thru... if others want to follow it is their business....

But i hv jz looked at jz one of ur valuation that is of MFCB i hv found these

JCool Kcchongnz... I hv pointed out why ur valuation may b too high... u jz refused to listen...ok one more time.... As jaack1 posted above d IPP concessions of 21 22 year will end soon by 2017.... but d balances u used for discounting r from last year... by using last year balances u hv actually made d assumption tat for all d coming years till perpetuity ie forever d balances from MFCB wil b nice like last year... but since d concessions wil end by 2017... so after 2017 d balances would not b as high as nice like last year cos d contributions from d concessions wil not b there anymore... understand?? If u use 2018 balances to discount d valuation wil b lower understand?? Tat right way wld b u may use last yaer balances to discount upto 2017 then plus use 2018 balances to discount from then on.. understand? It is not d valuation methods... uncle... it is your inputs

JCool Kcchongnz... lets stop d childish name calling cos i m JCool not kuching kurap.... Uncle seriously.... really la... it is now obvious to me tat u hv not done even d most basic of facts finding before u came up wit ur valuation n going on n on abt how good MFCB is... cos as jackk1 pointed out... d fact tat d two IPP concessions, which by ur own account contribute 76% of MFCB income, r coming to an end by 2017 is clearly stated in MFCB OWN WEDSITE... if u hv checked u wld hv known... Asking u to put a disclaimer is for ur own good... cos based tis MFCB case it seems u hv copied d valuation method from a book n jz proceed to fill d blanks without checking... Tis is dangerous cos jz imagine someone putting all his money into MFCB based on ur valuation n in 2016 realized too late tat d two IPP concessions wld end next year n MFCB profit n hence share price wld drop by 76%... all his life saving wld b gone... how can u sleep knowing tis...

Posted by kcchongnz > Aug 21, 2013 06:08 AM |Report Abuse

Posted by Steve Jub > Aug 20, 2013 08:15 PM | Report Abuse kcchong, for malton, i saw the net asset per share pretty high (1.37) and PE ratio pretty low (5.84). what do you think of these 2 area? 

steve, you are talking about the financial results ended 30/6/2012 which is more than a year ago. Malton's 2013 results will be announced soon. So the PE ratio you are referring to is history. But even for the 2012 results, you notice that revenue and profit has declined. Malton reported that they made 64.4m, or 15.4 sen per share in 2012. But show me the cash. Why is that that year they have to pay out a net cash of 52.6m? What is this 118.2m as "short-term fund" appearing in the "Cash Flow From Operating Activities" statement? Strange. Now let us come back to its 2013 ending 30/6/2013 which will be announced soon. I won't think it will be pretty. The three quarters results showed that it only make 19.2m or just 4.6 sen per share. What do you think the EPS will be for this last quarter? How much higher can it be when compared to its third quarter of just 0.36 sen? So what is its latest PE ratio then? Don't forget that it has loan stock and warrant holders who are also will be sharing any profit made in the future. Earnings is one thing which I never trust it standing alone. Look at its cash flow. Just three quarters, its CFFO is a negative of 192m! this is a result of increase in inventories and receivables of 83m and 215m respectively. As I have mentioned, the total inventories and receivables amount to 437m as at 32/3/2013. They are already more than its NTA of RM1.43 in its balance sheet. These assets are what I consider as "bad" assets" My feeling is that Malton will soon try to borrow more money from the bank. I don't know the bank will lent them any more and if not, a right issue or private placement is on the card. 

Damn scary.

kcchongnz... from d postings tat i c here nobody really gives a damn abt wat u put in ur valuation so long as u stir up d interest in d counter n its price moved up... n everybody made a profit... n cheers all round..... so far so good cos as d liquidity bull is stil around.... but d test is wait till they made losses later u c if d love is stil there...

very well wish u all good luck.... u bunch wit a combined age of more thn 600 years but somehow never got wiser freaking seniles morons retards idiots ...

Hafiz u freaking flip flop RETARD... ya u sure know how to carry...

I hv genuinely pointed out his flaw u all old farts... bloody moron

Hafiz u freaking flip flop rerard.... ya sure how to carry....