Posted by donfollowblindly > 2015-05-03 22:38 | Report Abuse

His latest stock pick Elsoft not included above.
http://klse.i3investor.com/servlets/forum/600075038.jsp

Posted by Intelligent Investor > 2015-05-03 23:17 | Report Abuse

Howard says that being too early is indistinguishable from being wrong and that averaging down is how value investors make their biggest returns when a firm sense of intrinsic value and confidence in ones thesis is present. The final matter that is quite obvious, is that you also have to be right.

“An accurate opinion on valuation, loosely held, will be of limited help. An incorrect opinion on valuation, strongly held, is far worse.”

Posted by Intelligent Investor > 2015-05-03 23:18 | Report Abuse

“Isn’t that a $10 bill laying on the ground?” asks the student. “No, it can’t be a $10 bill,” answers the professor. “If it were, someone would have picked it up by now.” The teacher walks away and the student picked it up and walked off to the pub for a cold beer.

Posted by tc88 > 2015-05-03 23:48 | Report Abuse

Thanks for sharing KC. MBL fundamentally is strong but wondering why its net profit dropping from year to year, hope to get your view KC? Thanks.

Salary for Exe.Director

2011= 3.2Million
2012= 4.1 Million
2013= 6.2 Million

Is this the reason higher expenses and reduce in net profit?

Posted by kcchongnz > 2015-05-04 11:41 | Report Abuse

Posted by donfollowblindly > May 3, 2015 10:38 PM | Report Abuse
His latest stock pick Elsoft not included above.
http://klse.i3investor.com/servlets/forum/600075038.jsp


My article discussed about those stocks asked about by i3 forumers in May 25 2013, and their performance two years later which is now. The article on Discount cash flow analysis on Elsoft was shared by me on April 17 2015, two years later.

So what is your point, donfollowblindly? Please elaborate.

On 25th May 2013, if there is anybody who asked me about Elsoft, I would have asked him to buy buy buy.

Its adjusted price then was 44 sen. At Rm1.78 now, the return is 305% in two years. RM100000 investd in it would become RM400000! What say you, donfollowblindly?

Posted by stockoperator > 2015-05-04 15:33 | Report Abuse

Always good to learn from KC articles. Looking forward for next article.

Posted by donfollowblindly > 2015-05-04 16:19 | Report Abuse

Posted by kcchongnz > May 4, 2015 11:41 AM | Report Abuse
On 25th May 2013, if there is anybody who asked me about Elsoft, I would have asked him to buy buy buy.

Its adjusted price then was 44 sen. At Rm1.78 now, the return is 305% in two years. RM100000 investd in it would become RM400000! What say you, donfollowblindly?

You were recommending Elsoft only recently not anytime earlier. People look what you recommend now not how far the stock has gone up.

Posted by kcchongnz > 2015-05-04 16:23 | Report Abuse

Posted by donfollowblindly > May 3, 2015 10:38 PM | Report Abuse

His latest stock pick Elsoft not included above.
http://klse.i3investor.com/servlets/forum/600075038.jsp


My article above discussed about those stocks asked about by i3 forumers in May 25 2013, and their performance two years later which is now. The article on Discount cash flow analysis on Elsoft mentioned by you was shared by me on April 17 2015, two years later.

So what is your point you are trying to convey here, donfollowblindly? Please elaborate.

Posted by NOBY > 2015-05-04 17:13 | Report Abuse

Looking back at the threads from 2013, There were so many good and cheap stocks to buy back then. How I wish I was fully invested back then and kept holding those stocks till today

Posted by stockoperator > 2015-05-04 18:36 | Report Abuse

Noby, your focus might be a bit more on Individual stock performance.

If your focus is on whole portfolio performance, you should be doing much better. At least you will be much at Ease.

Just my thought. Hope it helps.

Posted by stockoperator > 2015-05-04 19:03 | Report Abuse

just take a look at above portfolio created in year 2013. Nobody knows which stocks will outperform and which one will under perform. And it is impossible to create a portfolio with only the Winners.

So we have to accept those that are under perform as much as those are out performing. We cant criticize fund manager whose stock pick is under performing as We have to evaluate the Whole portfolio to be Just.

So as long as the portfolio is Out performing we stick to the strategy. We really cant evaluate based on Individual stock performance. Fair?

Posted by stockoperator > 2015-05-04 19:25 | Report Abuse

Let me Bring our thoughts to the next level.

We know it is a Winning strategy. Is there anybody here who is following it? The key is who is following the Winning strategy? If No, why is it so hard to follow and Not only that keep disputing about it? Why?

Posted by stockoperator > 2015-05-04 19:47 | Report Abuse

Is it because we cant accept those stocks that are under performing and losing out money? And we must have all winning stocks in our portfolio, possible?

is it because we are always afraid that all of our profit will disappear if we did not sell faster than others? And we kept all the losing stocks and sell all the Winning stocks.

Next time, when we evaluate and calculate; We do it by evaluate and calculate the whole portfolio performance.

Posted by kcchongnz > 2015-05-05 06:23 | Report Abuse

Posted by tc88 > May 3, 2015 11:48 PM | Report Abuse
Thanks for sharing KC. MBL fundamentally is strong but wondering why its net profit dropping from year to year, hope to get your view KC? Thanks.
Salary for Exe.Director
2011= 3.2Million
2012= 4.1 Million
2013= 6.2 Million
Is this the reason higher expenses and reduce in net profit?


MBL's business reached its peak in 2012 and has seen deteriorating, very fast. This results in its ROIC deteriorated to 7%, even below its cost of capital. Revenue dropped from RM79m to less RM46m. Net profit reduced by a big amount from RM17m in 2012 to less than RM4m last year.

Small company subject to economic change, lower palm oil prices, cyclical business etc.

The amount the directors take is more than what that is due to all shareholders. Not credible management.

A lesson here, cyclic business cannot grow forever and the power of mean reversion is real. So never overpay for anything hoping the business will keep on growing at fast pace forever.

I have long ago given up hope for this type of company

Posted by bsngpg > 2015-05-05 07:11 | Report Abuse

Hi kc: please allow me to quote your good lesson into thread of GTronic. Thks