@stockmanmy, you are truly loyal Koon supporter. Indeed not all his counters are bad particularly after OTB becomes his advisor. But the question is his action that contradicts what he has communicated. Haha
Quote" "A few times I made the mistake of instructing one remisier to sell in the morning the same share that I instructed another remisier to buy in the afternoon. In fact, the authorities had reprimanded my remisiers who were involved in these transactions that might seem to mislead investors. Those were honest mistakes."
“The main problem is that I have too much money”, says mr.koon. My average daily trading exceeds RM1mil… if you are small fish and naïve type, You cannot blame me,” he said. Eh…this is Malaysia tycoon, you know….I am Malaysia boleh type…you don’t blame me, if you lose your money…. I am a very rich you know…… nobody can argue with me, he said…. Wow.wow…..macam power ranger ninja already !!!!!....that’s right “sebiji macam power ranjer trademark”…. Wow, even billionaires warren buffet also scare to say those words...
How much is his net worth? Nowadays, only multibillionaires (in usd) r considered real rich.
Posted by rainbowyen > May 16, 2016 08:02 PM | Report Abuse
“The main problem is that I have too much money”, says mr.koon. My average daily trading exceeds RM1mil… if you are small fish and naïve type, You cannot blame me,” he said.
So he is too good at buying stocks but doesnt know his average price or size as he buys and sells a lot>>>>this is his statement....well that is beyond belief...as 1) with the size he trades for sure he can afford a bloomberg trade screen to put his positions in...that will calculate his average price on the spot 2) dealing with 6 brokers is no excuse as every broker will give him at the end of the day the size he traded, against which price....they have to right as the trades have to settle T+3 or whatever it is here...only thing to do then is get the 6 together at the end of the day...takes you 5 minutes max then you know...3).For a DVP he needs to know exactly how much money he needs to put up in case of a buy or will receive in case of a sell.......to calculate your position it takes a minute...number of shares you own then divide by total outstanding number of shares of the respective company......So it all sounds very dodgy to me...I think (personal opinion) he wants to avoid that other guys run positions on the back of his directional trades.....he wants to keep it all quiet till he is done buying or selling in a company ( better for his average price)......I worked for over 22 years with the best traders in the world....wake them up at 3 am in the nite they will tell you their average price and size behind the dot...if he is that good as he claims then he should know.......Reporting so late frequently is a cardinal sin and if the Regulator would have done their job properly in the past they at least would have fined him massively and ban him for a period of time or for good.....what he says just doesnt make sense! He should be banned......its dodgy trading......hire a guy for 5 k a month if you can't fill in a form a 12 year old can fill in....... 16/05/2016 20:02
Watch out, Mr Koon, you are very rich now, where else Ajib Khor is hard up for money to plug his $55 billions 1MDB loan . Your activities of buying and selling of the same counters in such a frequency and short period of holding them might be considered as "TRADING" and not "iNVESTMENT" as far as our Income Tax Law is concerned. your current investment gain suppose to be free of tax might view differently by IRB as Trading activities and subject to income tax plus heavy penalty. I hope you better rectify with your accountant. Or else, your gain might have to pay lots of tax to our "SAPUMAN AJIB KHOR" Don't Play-play.
He filed almost 2 mths late for Vs. Denda heavy lol like that!
DAP_bagus Posted by cinapeh > May 16, 2016 10:49 AM | Report Abuse
under section 69M of the companies act 1965 the penalty for non compliance with substantial shareholding disclosure within the prescribed 7 days period is MYR 1 million ,with a default penalty of MYR 50,000.00 per day 16/05/2016 13:57
jilakak, is that the way to manage the reporting needs? why cannot use one broker to buy certain stock and others broker others stocks? This is not difficult to manage, right? Even using various broker the portfolio is real time, just add up oni, kenot arr?
mr.koon, says, his age, his money and his ability to pick the right stocks have contributed to his late disclosures… . “The main problem is that I have too much money and damp very rich which is why I need to buy above 5%...Next time, i may restrict buying stocks less than 5%, so that I don’t need disclosures to SC.. Walau eh…. Trying to teach us how to skip fill up the form if buying less than 5%.... thank you mr.koon.
Stockmanmy, uhhh what type of problem duper rich have? heheheh... got money very d gud la! can kautim a lot of ppl. If can earn 500% per counter, few millions penalty is nothing la! ;) Consider donation can or not???
Walau eh… mr. koon damp very rich man in Malaysia…..should enter Guinness book of records...Aku rasa ada peluang untuk dia ini masuk dalam pencalonan dalam buku “Guinness book of records”. “The smartest investor in Malaysia”.
“A few times I made the mistake of instructing one remisier to sell in the morning the same share that I instructed another remisier to buy in the afternoon” “Sell in the morning, then buy in the afternoon”...mr.koon says… Is this your new golden rule for share selection, mr. koon? thank you...
enjoy ur life Mr Koon, don't buy stock anymore, go vacation, travel all the world, write something inspired people, make people touching...teaching how to invest instead of ask ppl buy this & that, then sendiri curi sell sell sell...later only let ppl know lioa, only pusing pusing pusing ur word, bla bla this & that....trust need to build like build a ROME in many years, but trust can destroy in just a second when u dishonest...
don't like now...make whole world hate u, if see u feel want to throw busuk egg or stone to u...
this is my advise to u...I won't blame u anymore...since ur buy call when price at high make me a huge loss...as this is the market...I admit I loss to u...u clever...u got strategy...I don't have, I just only have a trust on u...that's it my loss...
i4investor. You asked Uncle Koon not to buy stock anymore? You must be kidding. Without buying and selling stock, his life would become miserable. We certainly can't feel the role of being God and Demon. He does very well in trading stock and he would keep doing it until end of his life. How he can resist from not involving in stock market? Go vacation is not his cup of tea la...Never expect an old man would change his mind..Haha
Now, Media has awarded him a new title " Tycoon". Fine for not obeying the law..sup sup sui la. He is so enjoying now. Go for vacation? Nobody notice and nobody call you tycoon anymore..Haha.
Rules meant to be observed for an orderly market. No excuses such as grandmother laying eggs. You break the rules you have to face the music. A thief or robber can maintain that he stole to feed his hungry children but as he broke the rule he has to pay. Throw the book at this old fox. Full stop
Haha @up_down & @pputeh & johnny cash is right. The rules are there to be followed. If one want to make excuse about cannot do the administrative tasks, might as well one make money somewhere else.
There are always people to be conned la Koon. Koon should look at the bright side. Bwahaha
@stockmanmy, Haha I don't care if he can pay any amount of fines. I want actions to be taken against people like him. At least there is something done by the authorities for Ramsey Koon Bolton here. Haha. Some of his followers deserves the loss as it is their mistake following blindly. I don't like hypocrites like Koon. That's all.
LOL! You are the kid here kid stockmanmy. I never contra and I will never follow anyone's recommendation unless the stock is already in my radar. I only trust my own research and homework. You can still follow your idol Koon if you want. At least from what I see you are following Liihen and FLBHD which are good FA counters. But if you followed his previous counters like Xinquan or Jtiasa, hahaha then you deserves it. :D
easy answer why, court justice are for middle income and low income earners to press down their civil rights.....u guys should play rome total war and u will understand it well on how to rule public/people, those who pay taxes to the government will never be prosecuted especially the top 1%, happens all over the world, infact they are praised for their good deeds and its a fact.....
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 4170 views | 4 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Fam Jenny
7,724 posts
Posted by Fam Jenny > 2016-05-16 17:05 | Report Abuse
Correction:...pinch of salt.