Ah Plane's star has been fading... you can see nowadays his cannon balls all cannot fly far... very lembik... Nobody takes him seriously anymore... Internet forum is about skills. For example : tkp made 500% return in 2015, superman lifts CCB price up 22% within one week by using one finger. Ah Plane only knows shout shout shout and scold scold scold, people sian already..
I do not mean to offend anybody, but just for discussion.
The author's equity selection strategies are: 1. Sound Management 2. Revenue & Profits growing in recent years 3. Low PE ratio & PE is going down over years 4. Dividend records
Stressing that his strategies would give me a strong 'Margin of Safety & 'Can Sleep Peacefully At Night'.
But the author had not following his own rules of selection. i.e. rule No. 4. However, I opine that the hierarchical order of importance should be the reverse. How could a shareholder sleep well if his return on invested capital is zero since the year 2013. I couldn't imagine if Tabung Haji account holders do not receive their yearly dividend.
And for a listed business entity existed in the local bourse for about 30 year, 'Sound Management' should be an unwritten duty and obligation. You do not have to tell your managers to be punctual.
Hi CKwan, I will reply on what you've highlighted, I honour your opinion.
Q: But the author had not following his own rules of selection. i.e. rule No. 4 A: Dividend records is No.4 to me because I more focus on how the records looked like in the past. If the company was doing well & dividend was declared then, I can expect dividend payout when they are now doing well.
Q: And for a listed business entity existed in the local bourse for about 30 year, 'Sound Management' should be an unwritten duty and obligation. You do not have to tell your managers to be punctual. A: I hope I will not invest in those Government-Linked Company. Not necessary public listed companies will think of what you think. Don't take it for granted. There are many wolves out there.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Money_Master > 2016-01-11 23:48 | Report Abuse
That means CCB may get another payment of 11.2M in 4Q.
Keep my fingers crossed for it to happen.