If TTB can compound ICAP NAV even at a rate of 15% per year, no bashing will work.

TTB should just shut up and focus on deliver NAV Compound. If he can compound it at CAGR of 15% or more, London or New York boys are not a threat at all. In fact, shareholder will probably pray that he lives forever and continue manage the fund. I collect ICAP past 1 year from 2.5 to 3.2. I am waiting to see the if the fund will be dissolved and give us a quick return of those NAV

While I make some money, it could have been opportunity loss to me because all my other calls such as Orient, YOCB, FPI, Harbour, Homeritz are all doing well.

I sold 321,000 units of Armada over past few weeks. It is now not my major holding anymore. Keep 200,000 to see how things will unfold.

CCFCanDream There is no such rule but after deduction of cash of 75 cents per share, the company will have a reduction in cash asset in similar amount and therefore market will make adjustment accordingly

Armada switching attention to Indonesia ? Recent two JV both are Indonesia related.

@Felix888
You write in such a nice manner they will not layan lah. You need to warn them that withhold information is a serious offense then only will Bumi Armada management more diligent in disclosure.

Wah ! Now this is another spectacular news. I start to get the feeling if the transformer issue is something intentional to collect more share.

Thanks Niki !

Recovering a transformer is not that difficult. If it is just short, replacing primary and secondary coil would settle.
Identifying the root cause if there is an over current, might be more tricky. If over current is due to something mechanical, then the situation might be even more complicated. This might be why Armada do not want to specify the amount of downtime. 20% drop in market cap due to an incident is just too much.

How much profit Armada derive from Kraken every quarter ?
How much profit would Armada be able to derive from Armada Sterling V every quarter once operational ?

The diversification is a bad investment. ESCERAMIC is a company with 160Million Market Cap generating rough 40Million PAT annually.
Now they spend 50% of Market Cap to buy a company that only generating 5.5 Million PAT annually.

OTB may make some mistakes. However, OTB is a genuine person.
4-5 years back, KYY quarrel and attack KC after KC helping him. Now he is attacking OTB. KYY can harap or not ? Just ask the ppl who followed his call to buy Dayang, Glove stock, Steel Stock.
Every time after KYY sold a counter, he will come and curse the counter. KYY is a sadistic person. Avoid at all cost.

@林浩宇 FLBHD 沙巴伐木能够开工了吗？船运的短缺有影响吗？

Cannot compare like that lah. TOYOVEN market cap only 350 M compared to JAKS Market Cap 1.2 B. Nevertheless , Full COD is definitely good news for JAKS

No cheap sales today. No Kang Tao to collect cheap.

The result is a surprise to me. I was expecting profit to drop by probably half due to covid19.

@VSLSB Actually trade war is positive to Magni. China is a big market for NIKE but sales growth of NIKE in China is Robust. On the other hand, some garment orders are moving out of China, so positive to Magni.
COVID-19 however, caused a large quantity of China city on lockdown and income of people affected. Sales in China will be slow for at least first half of this year. I will come back to Magni later.

I am reducing my position in Magni. Market is assuming that the COVID-19 outbreak has no negative effect on MAGNI, which is a bit too optimistic. However, I still expect Magni to post good result in the upcoming quarterly report in March

Earning already normalized but share price remain depressed. Start to buy some.

@markpaul328 Are you sure Airasia will have cash flow issue ? Did you read the cashflow statement ?

@kk101 If you believe in the asset, go ahead and buy.

@kk101 There will be nothing left for you.

@shareinvestor88 I feel that >RM 6 there is not enough margin of safety so I do not recommend buy. However, I believe Magni will benefit from trade war and weak MYR, so I am holding out.
My cost is very very low, so I don't really care about the small fluctuations.

@shareinvestor88 I don't recommend buy at current price.
However, I am not selling any of my stake.

Why worry ? Keep for dividend. Long term effect of trade war and exchange rate not yet show up

@Apple168 :
1). You want NTA go buy 1WCITY. Don't buy Magni. By the way, also don't buy HEIM, CALRSBERG, F&N or PANAMY.
2). Earning Dilution ? What are you talking about ? Just talk Market Cap, divide by total earnings will do.

Apple168 very 佛心， sell MAGNI at RM 4.9 , let other people make money.

Magni quarterly profit let's assume 25 million.
x 4 is 100 million.
If PE of 10 then 1.1B market. Not to forget :
1). Magni cash on hand.
2). Effect of trade war and expansion actually yet to be seen.

Assume with Trade war and expansion, revenue per quarter grow to 400 million(330 million now), quarterly profit grow to 30 million, x4 is 120 million. PE of 10 will fetch 1.2B, top up with cash on hand will get 1.4B. All these are simple and modest assumption.

Magni is at 1.1B currently.

Only risk I see for Magni is escalation of pay in Vietnam now that everyone is moving Vietnam. As long as the trade war and expansion effect is coming earlier than the escalation of pay, the valuation will happen.

5 months ago apple168 said sell Magni because of 10-12 reasons.
1 month ago apple168 said help client to lock in profit already.
Now apple168 says not buying Magni because pro-China.

Finally apple168 appear again. I thought she is hiding in cave.

@JESTER whatever unit of MAGNI that you own, divide by THREE, then times EIGHT.

Not yet new high lah.

I don't know need to clarify how many times :
Events, no matter World Cup, European Championship or Olympics, has no influence to NIKE revenue

Magni in berserk mode !

Apple168's client locked profit at RM 4.9
Must have bought very low.

Very surprised kahhoeng still holding to Puncak !!

@Hopeful
World Cup, Olympics has no impact on NIKE sales if we look at it yearly, so don't put hope on that. Apart from 2008, year in year out NIKE revenue just grow at about the same rate every year.

@apple168 I cannot tell if you are a fund manager, but your 6 reasons, 10 reasons, 12 reasons do not match with your so call PHD background, and more like heresay in actual fact.
Let's see one year from now what is Magni earning. Let's talk about earnings, not share price.

@apple168 Of course investment is more than PE. I already say it is just a simple rule of thumb. I have been following and holding Magni since 2013 so I know Magni balance sheet, ROIC, cash flow inside out.

Rule of Thumb : PE not over 10. Below 10 can buy.
Now not yet 10 but probably not much meat left. PE low I will buy. PE high I will not sell because of strong cash generation.

Even in 2008, NIKE posted revenue growth.

The risk I foresee will be with Vietnam getting heated up, salary increase will increase cost for Magni. Apart from this, I do not see much risk.

Ex-date for Bonus issue announced already ?

This promoter must be suffering a lot.

@bwho Bonus issue or share split does not change the fundamental of the company.

Actually what some of apple168's point do have some validity such as rising labor cost in Vietnam but the point of buying on NTA is completely off the mark.

@williamyong8822 You are exactly right in detecting a negative free cash flow from Holland Biscuit.
However, I do not agree with your point that "Liew family has siphoned the company off for years".

The fact that Holland Biscuit has a negative free cash flow already give you a lot of insight into their business. If Liew family wants to take money from the company, there are better and legitimate ways.

Don't blame the Liew Family. The writing has been on the wall for years.
The real hope for Holland Biscuit is to sell off all the assets and inventories, liquidate the company and settle the debt. If the factory land is big and valuable, there may be a chance.

@ rmkfac100812

Ever ponder why QR always good and yet no cash and so high debt ?
The problem built up over past few years, not a few Quarter thing.

See how long Holland Biscuit can last.
I want to repeat again : Anybody who thinks that Holland Biscuit is undervalued does not understand Balance Sheet and Cash Flow Statement well enough. The flags were there for years.

I don't buy Holland Biscuit. I am just here to see who are buying.