Target 2.50

nice

Dumb dumb hold

Don't move a muscle

At least nowadays I don't get to read "I hope you learn somebody today" at the end of every comment

That is a big improvement already

Phew

Never take things for granted

I am continuously curious paranoid and open minded

Asking the right questions all the time

People like 3iii and Philips never learn

They are too full of themselves

We have long passed that level

Only amateurs ask that kind of question


Posted by 3iii > Jul 9, 2019 1:07 PM | Report Abuse

>>>

(US/CHN trade war doesn't matter) Philip

When facing low PE ratios and enticing asset values, always ask the question why? Instead of answering worth buy.


>>>>>



Attention: raider, icon8888 and Calvintan (aka JM)

Many oil and gas companies currently listed on bursa are saddled with debts

I can accept they made "strategic error", because in 2014, oil price collapsed within a short span of few months. They have no time to adjust and react

But not the way debts built up in London Biscuits over such Long period of time (5 years). It has to be fraud

If these debt spiralling happens over a short period of time (half a year ?), it could be a strategic error

If it happened over an extended period of time (at least 5 years already), if the Boss cannot see the problem coming, he must be blind (or an idiot)

Believe me, no entrepreneurs that can successfully list a company on Bursa is an idiot

The last I check, he is not blind either

NZChong.... LOL

don't drive by looking at rare view mirror

not meant to poke either



Posted by (US/CHN trade war doesn't matter) Philip > Jul 9, 2019 9:36 AM | Report Abuse

Not meant to be poking, but legitimate discussion. Armada gearing up to win all those contracts back then was a major factor in me not investing in the stock.

this is a fraud case

no competent CEO will gear up like this


Posted by kenie > Jul 9, 2019 9:22 AM | Report Abuse

cash flow 8.84 millions
debt 354.93 millions
current liabilities 320.38 millions

I believe they deliberately geared up to flow cash out, all those Capex etc over the years.

basically siphon money from the banks that lend them

not simply wrong business model

I believe fraud involved

Or maybe an asshxle

3iii is a fool

Smart investors managed risk

Foolish investors avoid risk

(Howard Marks)

Hoseh

Dumb dumb hold

nice

warrats 153

without sochais like 3iii and Philips that cannot differentiate good buys from good companies, when will we have chance to make money ?

we should welcome their existence

both my detractors and supporters, we come back again in one year and see whether Armada is more than 22 sen

time will tell who is Warren Buffett who is Moron Buffalo

argue so much no use

I cooked you a meal, and you are now blaming me that I didn't spoon feed you....

sad lah you....

I called for buy in 2014 (lets say 0.95)

in 2017 it went up to 1.50

if subsequently CPO price softened and you didn't sell, you have yourself to blame loh

Moron Buffett......

Go to the chart, click ALL

And zoom in at the period 2016 and 2017

And you will know what I said was correct

https://klse.i3investor.com/servlets/stk/chart/6262.jsp

Please get your facts correct

I don't mind debating based on facts

But I am tired of debating based on wrong numbers

You are wasting my time rubbish in rubbish out

Do you know how to count or not ? For innoprise, 2 for 1 share split followed by 1 for 4 two call rights at 38 Sen

Ex all price = (4 x 1.76) + (8 x 0) + (3 x 0.38) / (4 + 8 + 3) = 8.38 / 15 = 0.55

In early 2017, it went back up to 1.50

Gain = 172%

What do you mean collapse to 76 Sen ? LOL

What is your point ? Don't get it

My comments about Johotin warrants

https://klse.i3investor.com/blogs/icon8888/82007.jsp


---------

Icon8888 your cost is even lower than me

mine is 18 sen

bought 3 months ago
27/08/2015 9:37 AM

Ken profit declined following industry downtrend over the years

But there was ample warnings, I exited in an orderly manner with negligible losses

Because recently I am busy watching Japanese series




Posted by 3iii > Jul 4, 2019 4:23 PM | Report Abuse

>>>

Posted by Icon8888 > Jul 4, 2019 4:13 PM | Report Abuse

My blog 22 mil page view

>>>>



That was a lot of page views.

Then you suddenly stopped posting in your blog.

Mudajaya is a flop, I admit it

Nobody can be 100% correct all the time

Take your Buffett and shove it up your axx

I bought three lorries of Johore tin warrants at 18 Sen, few months later sold them at 80 Sen

You have no idea what you talking about

Go search johoretin thread, it was properly documented there

Moron, Johore Tin did a massive split and bonus in September 2016 (2 for 1 followed by 1 for 3)

It made RM20 mil net profit when I called buy

In latest Q it’s net profit 11 mil per quarter without exceptional items


========

3iii
6030 posts
Posted by 3iii > Jul 5, 2019 12:18 PM | Report Abuse

http://icon8888.blogspot.com/2015/08/johore-tin-part-2.html#comment-fo...

An old post (7.8.2015) by icon8888 on DLady, F&N and Johotin. All in the same sector. From the post, he liked Johotin (from my reading of his post).

Let us compare the prices of these companies, then and today.

Company Price (7/8/2015) Price (5/7/2019)
DLady 47.10 64.00
F&N 18.50 34.70
Johotin 1.49 1.37


Since 7/8/2015 till today, Johotin has capital loss while those who bought DLady and F&N have capital gain.


Again, Buffett's simple rule serve as a good guide.

It is better to buy a wonderful company at a good price than a good company at a wonderful price.

Go for quality. There is a lot of margin of safety in the company and your investment if you stay with quality.

Avoid gruesome company.


Please google how Buffett classifies his companies into Great, Good and Gruesome companies to learn more.

innoprise was a profitable punt

Its profit increased as per my prediction

In 2016 it did a 2 : 1 split and 1 : 4 rights

My stockpicks are cyclical plays

Bought them when they are on the verge of breaking out

And sell when full potential is realised

4 for 1

btw OFI did a split

Idiot

Take a longer term view. Don't worry about short term paper loss

This felllow ok one

Got huge contracts

Got new management

Worth a bet

Market cap 100 mil only

All they need is to deliver 10 mil net profit per annum

Shouldn't be difficult

I got a lot

Patiently waiting for durians to drop

And ?

My blog 22 mil page view

20% more

Added more at 45.5

This FY unlikely dividend

They have huge accumulated losses

Next financial year possible

Don't know they entertain me or not ?