sslee theory for making money is attending AGM of lousy companies.....Help the directors to dress.


my theory....buy when SSlee sell,, sell when sslee buy.....easier.

spend 2 years on Jaks and Sendai.......for what? kc?

newbie8080 > Apr 17, 2019 2:09 PM | Report Abuse


I know someone will shoot down this comment as ridiculous.
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yes, your comment is ridiculous on many levels.

SarifahSelinder > Apr 17, 2019 1:04 PM | Report Abuse

qqq3

Jgn so last gomen

Taksiran Sarifah ALP will be forthcoming in the AGM as the IPP Vietnam is celebration
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yes, I also think 2019 is the year for celebrations after the tough year of 2018.

kcchongnz > Apr 17, 2019 12:35 PM | Report Abuse

Just speculating.
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yes...and u were speculating my son too.

anyway...would KC "so silly as to invest $ 540 million NOW only to get value of $ 329 million and after that, another 50% discount.....lol..........and this assuming perfect condition, all goes according to plan."

Nobody so silly as to invest $ 540 million NOW only to get value of $ 329 million and after that, another 50% discount.....lol..........and this assuming perfect condition, all goes according to plan.

Posted by DK66 > Apr 17, 2019 11:54 AM | Report Abuse

"Hai Duong IPP - FCFE at 12% equity cost, Jaks 30% = RM329m = EPS 0.52" - Publicinvest
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I don't have access to their working papers so I cannot comment what went wrong....but conclusion is silly and surely wrong.

Trouble with people who do number crunching but with no brains.

Posted by Icon8888 > Apr 17, 2019 11:12 AM | Report Abuse

Stupid analyst

Heard it is qqq3 son
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I know...KC spread the rumor one.

Posted by Icon8888 > Apr 17, 2019 11:09 AM | Report Abuse

nobody fund a power plant partially, it is all or nothing
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the banking department never teach their research department.......

https://klse.i3investor.com/blogs/PublicInvest/202716.jsp

according to PB, the power plant only adds 50 sen per share to the value of jaks........... and then give a 50% discount effectively giving the plant only 25 sen addition to the value of Jaks........


believe or not?

me?

I think PB is not qualified to call themselves analysts..........

DK66 > Apr 17, 2019 11:03 AM | Report Abuse

Publicinvest is not aware of the financing for the project ????? What kind of research report is this ????

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according to PB, the power plant only adds 50 sen per share to the value of jaks...........

believe or not?

me?

I think PB is not qualified to call themselves analysts..........

DK66 > Apr 17, 2019 10:10 AM | Report Abuse

Since the management has been quite proactive in giving out information after the Q3 2018 results. I would expect them to do the same in AGM.
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right...........

Trust me............counting hairs, u will not learn girl is beautiful or not.................

AGMs....u are not supposed to help them to dress

AGMs............got to understand.....

no need ask questions one.......

It is for the Directors to dress their best and for us to dance or not......


If they don't know how to dress the best, ask questions also no use one...................

believe or not?

Just see how they dress ( their presentations) , can decide already.....


can decide to dance or not......

by Goh Kim Hock > Apr 17, 2019 6:04 AM | Report Abuse

This is where "business sense" decisions will die. Without going depth into financial statements.
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Business sense did not fail, even if KYY lost money on this. It is well known all construction/ contractor shares did badly in last 12 months.

kmohan62 This guy seemed to be assuming that the company will never get paid by the creditors...the company is constantly getting contracts...and the payment will come slowly but surely...its an engineering firm of world class standard.
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I agree

Investments got a lot of false positives and a lot of false negatives.

Don't have to be right all the time to make money, or wrong to lose money.


People also can be right and still lose money or wrong in many respects and still make money.


Although make money is the objective, there is this thing called uncertainties.


U think u have found the magic formula to make money meh?

People are not buying the share because engineering is a tough business. The environment is never very investor friendly with too many uncertainties...and its also the nature of their jobs. Short in duration and the company keep having to run just to stay in place.....its tough business no doubt. No one says it is easy business.

For investors, the question mark remains....what is the status of the two tug boats that have tied down a lot of the company funds?

This issue have to be resolved before we can see the share above $ 1 again.......hiding behind problems are opportunities.....what if tomorrow the company says all issues resolved?

Its ok to be contrarian, as long as gone through the brain, and not contrarian for the sake of being contrarian.

yes, Sendai is a bit disappointing......

- Share price a bit disappointing
- debtors a bit high at $ 1 billion, WIP $ 800 million vs revenue of $ 1.7 billion
- engineering company shares are seldom hot favorites.
- some more, this one operations mainly overseas, most people never even heard of the company.
-net gearing remains a bit high at 100% or $ 1 billion, mainly due to high debtors and very low trade creditors.

but, there are silver linings

- owner has 70% of the shares.
- its now at 50 sen only....look at the chart....and try to figure, what is the risk? what can go wrong? If this thing go to $ 1 , it is 100% gain.
company bankrupt meh? loss making meh? net current liabilities meh? debtors and WIP sure cannot collect meh or just temporary?

- they were operating in Middle East...gone through the oil slump, write off $ 100 million investment in Singapore.....they are still around, still building their brand, still getting jobs, still profitable, about $ 500 million net current assets.

I think buy at 50 sen is called smart......downside risk much lower than some high flying stuffs.

KYY has been disposing recently thus depressing the share price.

counting pubic hair.....

can know share go up or down by counting pubic hair?

sslee...I think u should stick with Insas.....don't go to Jaks AGM please......

https://www.theedgemarkets.com/article/yeo-bee-yin-malaysia-opens-tender-rm2b-largescale-solar-power-projects


"Tariffs are more stable for renewable energy because they are calculated based on the levelised cost of energy, instead of relying on market prices of fuel which is an issue we are currently faced with.

"While solar tariffs went as low as 33.98 sen per kilowatt hour under LSS2, we believe that tariffs could go lower with this open tender exercise and welcome the lowest prices," she said.

I have known they are closing coal plants in US left right and center due to competition from shale gas and as total cost of newer solar plants is competitive to variable cost of coal plants.

But this IPP is governed by PPA and the coal comes from upstream.

There is certainly room for rewards in Jaks for those who are patient.

Nobody in the world will built a US $ 2 billion plant if they are not convinced they can get at least profits of US$ 120 million pa.

and then, there are those who pour cold water and says...........so what? so what about minority shareholders of Jaks? will they get your fair share?

There is no way to answer such critics as it is a very opinionated statement.

thanks to DK.............now everyone can be IPP expert.....maybe even get a job that requires such expertise.

Posted by qqq3 > Apr 16, 2019 10:43 AM | Report Abuse X

My thoughts on this thing. By the end of the year, it will be above $ 1.00............in the mean time,

- what is the trading range?
- was this thing drag up by small cap sentiments in last few months?
- how low can it go if small cap sentiment disappears?
- next results will be drag down by cost of LTIP

What about 70 sen?....is it possible? Of course it is possible, any thing is possible in share market. I am not here to play God.

Long term funds like Philips is not convinced. He has his reasons and his points.

But share market is able taking your risks and getting rewarded for taking the risks and about grit...........

From KYY perspective...........My mistake was that I was too focused on the completion of the coal-fired power plant contract to generate electricity for sale to the Vietnamese Government for 25 years and ignoring my golden rule for share selection. When the share price dropped I was forced to sell some shares. Due to my aggressive selling, the price dropped another few sen. Forced selling is a vicious cycle. The more I sold the more the price would drop. Finally, I had to sell all our holdings .................

From my perspective...........share market a lot of false positive and false negatives. Make money lose money comes in many forms and many ways.

SarifahSelinder > Apr 16, 2019 10:43 AM | Report Abuse

KYY suka IPP Vietnam so much he kept buying
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KYY is a trader, have always been and cannot change, even if he tries.

That is why I say know thy self is very important.

My thoughts on this thing. By the end of the year, it will be above $ 1.00............in the mean time,

- what is the trading range?
- was this thing drag up by small cap sentiments in last few months?
- how low can it go if small cap sentiment disappears?
- next results will be drag down by cost of LTIP

What about 70 sen?....is it possible? Of course it is possible, any thing is possible in share market. I am not here to play God.

Long term funds like Philips is not convinced. He has his reasons and his points.

But share market is able taking your risks and getting rewarded for taking the risks and about grit...........

d by SarifahSelinder > Apr 16, 2019 10:19 AM | Report Abuse

DESA!!! WHY R U WAITING??
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things develop.....I don't think any thing follows a long term plan.

Posted by SarifahSelinder > Apr 16, 2019 8:02 AM | Report Abuse

qqq3

Let's kill time
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a share go up when buying overcome sellers and go down when selling over come buyers. .....last year truly a horrendous year for the market in general and for Jaks in particular.

On the bright side, Jaks raised > $ 250 million cash from sale of HO land, private placements and warrant rights in last two year.

ALP exercise some of his LTIP at $ 1.40 ....and bought from the market at $ 1.20 to $ 1.40.

The market collapse means ALP exercise the rest of LTIP at 50 sen and bought warrants at 25 sen ( exercisable at 60 sen )....but he only bought his own portion and not brave enough to underwrite the rest.

most of stock market life is false positive and false negatives....no big deal.

Heavenly PUNTER > Apr 15, 2019 8:53 PM | Report Abuse

compare it to our country. hahahah we are a joke!
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not so competitive but more relaxed, its ok.....

sslee.....water, cockroach both fine. For engineer, just don't be fake accountant....ask politely if you are not sure.........


http://www.libertariantaoist.com/?p=3106

Why is China so successful? Because it is a very very competitive place.

sslee.....water, cockroach both fine. For engineer, just don't be fake accountant....ask politely if you are not sure.........


http://www.libertariantaoist.com/?p=3106

y jakko > Apr 15, 2019 5:48 PM | Report Abuse

All these unnecessary arguments are pulling the price down. Investors also scared
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sslee thinks he can make me lose money...he want to be happy.

ed by Investor 999 > Apr 15, 2019 3:19 PM | Report Abuse

Mr Sslee Thanks for sincere advice
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sincere but wrong....how?

and I mean the article stuffs are wrong.....not just referring to share price.

Posted by Icon8888 > Apr 15, 2019 1:44 PM | Report Abuse

I know.
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contrarian vs only the best.

For long term investors, only the best is a good strategy.

For traders, contrarian ok one.

KYY says he wants faster running horse...........wish him luck too.


Jaks is not a mainstream buy.....not yet anyway.

Shinnzaii > Apr 15, 2019 2:40 PM | Report Abuse

qqq3...control our emotion and dont become another jon
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ask sslee why he hate me also cannot meh?

ed by Investor 999 > Apr 15, 2019 3:19 PM | Report Abuse

Mr Sslee Thanks for sincere advice
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sincere but wrong....how?

d by Heavenly PUNTER > Apr 15, 2019 1:31 PM | Report Abuse

maybe need few years leh hahaha
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aiyah, if can double from 85 to $ 1.70 within 3 years is also > 20% p.a.....not happy meh?

Capital US $ 470 m, Loan US $ 1.4 billion Annual profits US 125 million.

Interest at 6% = 84 million
Profits before interest, 125 + 84 = 209

Project accounting rate of return , before interest 84/ 1870 = 11%

sounds very conservative and doable.

ROCE 125/470 or 27% coming mainly from gearing effect.

sslee...I think engineer should not pretend to be fake accountant., even though most engineers are expected to be familiar with evaluation of projects.....not SSlee it appears.

probability sslee, this is one of the most beneficial article of yours to me. It made me learn a lot on IPP together with DK66 sharings.
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But I think u learn the wrong thing.....serious. Honest opinion.............

this is a forum also got people hate me one....funny.

What did I do?

how much u lost on Jaks, SS lee?

sslee

tell me again why u hate me? forgot already.......