Chong ket pen dead already? Oh not yet. Then protasco gone case.

This new post is factual and speaks for itself. You buy some shares and report to SPRM save your country ya. Everyone will support you when the culprit put behind bar replaced by you.

https://klse.i3investor.com/blogs/refreshcountry/163565.jsp

Interesting points.

In short. You meant you don’t need to pay CKP 4 million ringgit a year pay package to borrow money and pays another 6 million ringgit dividend to himself. Toilet cleaner also can do same job.

Clear criminal trail. SC need criminal expert, not accountants to put these people behind bar. Lolol.



RoadcareStaff More advance analysis for you calvin guy.
This is what CKP did.

Past record:
Dividend 2014-2018 say total 30c
Share drop 80c
(Tips: look at loan and cash flow. Borrow to pay, you also can sit his place.)

Future:
IF dividend still 5c per year.
AND income -ve cash flow
AND CKP still stealing millions salary
AND CKP sons and directors still stealing millions salary
AND still borrow more bank to pay dividend
ASSUME new gov don’t go after road project stolen money.
Share price (5 yrs under new gov)
2019 maybe 48 - 5c = 43c if lucky
2020 maybe 43c - 5c = 38c if lucky
.......
2024 maybe 23c left.

Lolol. Bad curse is true. Before promote still ok above 48sen. After promote plunge to 46sen. Thumbs up.

Lets see how dangerous to ignore management credibility and bet on falling knife:

So look GO TAKE A CLOSER LOOK AT PROTASCO NET NET OF

1. DEBT MINUS CASH.
What defination is this? Cash minus debt is -ve.
2. ASSETS OF PPE
Only liabilities. Current, Fixed, and most importantly “intrinsic hidden time bombs”. Like Najib linked corruption, and CKP & sons self-gratification.
3. ASSETS IN PROPERTIES
Don’t see any asset after adding up all the liabilities. The kajang land is wasted with low cost flat and a dead mall making loss.
4. OTHER INVESTMENTS
You mean “Down Syndrome Property ran by Chong’s 1st Son, Solar Energy Toy by Chong’s 2nd Son, Mess Around Jobless inside Protasco Chong’s 3rd son, Chong Toy in Sri Lanka, Lybia, Syria, Hainan, Indonesia, South Africa? Lolol. Total failure lost hundreds of millions since Chong gambles using your money. He needs to feed his sons to cover up all these holes he farked around.
5. PLUS INTANGIBLE ASSETS OF THE MOAT BUILT UP FOR 20 YEARS
You mean “intangible liabilities”, like JKR corruption and Najib UMNO campaign money trail? Frozen you dono? Mossed which one? Go report SPRM. Be a good citizen.
6. AND HUMAN CAPITAL. THE EXPERTISE GAINED FROM DECADES OF EXPERIENCE
Lolol. Biggest joke. CKP is the biggest liability, a virus with no cure unless deceased. Other human liabilities just puppet use by CKP to cover up crime and assist money siphoning.

BUT

Don’t worry if you bought 48sen and close 46sen on Friday. By time CKP borrow money cut your asset to pay dividend, your cost only 43sen if dividend is 5sen. Chong has little time and no tomorrow so sure he will borrow to maximum to pay dividend. 43sen Sure will sustain if JKR probe left anything on table.

Worst come to worst, you still got CKP and sons as HUMAN CApiTaL left in Protasco. They will help add Intangible Liablities in salaries and schemes, got paid by liquidate your assets. If all CKP father and sons go behind bar, you got free entertainment too. Front seat for you calvin in AGM to nominate turself to replace CKP & sons vacancies. Remember to pay dividend k. No more JKR corruption, can build more flat in Down Syndrome town in kajang. Sell the land sure got buyer.

Ask Dato Haniff who found his dignity and answerable to god before AGM. He will tell you why he left Protasco. When time comes calvin go replace CKP seat.

Musing of Ikram ex staff. Lol