Global economic uncertainty, low inflation, and unusually easy monetary policy have caused about $13 trillion worth of bonds to have negative yields, according to Bank of America Merrill Lynch ===================================================================
what is the difference between negative yielding bonds and shares trading at 70% discounts to cash?
No dividend has been proposed or declared for the current financial year-to-date. (2015 : A Special Dividend of RM1.00 per ordinary share amounting to RM447,171,674 in of RM1.00 each in respect of the financial year ended 31 December 2015 had been paid by the Company to the entitled shareholders of the Company on 23 December 2015 post completion of the disposals of PNSB Water Sdn B
Those cash will later become assets (don't forget the leverage by loans and payables), and those assets will generate earnings
Of course the risk is that the assets will be injected inflated
Stockmarket requires us to take a bet. I am making a bet that after those value extraction, there will still be sufficient left to justify buying at current price. Hence the saying that there is huge margin of safety
Nothing is 100% sure in life. But as rmoi said, if u want no risk, play FD
Agree. Beside having huge cash pile they also have profitable business unlike Puncak which is loss making eg Xinghe, CSL, etc.
Posted by stockmanmy > Jul 20, 2016 12:15 AM | Report Abuse icon if a figure in the balance sheet is margin of safety, there are plenty of red chips you can buy in the klse.......hahahaha
This Stockman loves to criticize without giving relevant substance to support his claims....so easy. Get back to do your homework first la...We don't mind too if you want to be a clown here.
Stockmany only offer criticism many times. You preach your style of investments, apply it and share a stock using your style of investment. Let results of that stock speak volume. At least icon shares his thought on the stock he analyse, his analysis is logical n show results to readers. That why readership increase. You can too, otherwise with you, fd is the only solution reader can have. Maybe you work for PIDM syndicate?
calm down up_down, stockmanmy has his rights to voice up his views... in fact, same goes to sostupid... if you really analyze their statements, i think they are fair enough... we have to be neutral, see things in both sides...
iloveshare. Dont take my words seriously. i am just a farmer from kampung. I saw many catepilars were eating my vege. It is a bit hot to work under the sun to get rid of them.
This stock has zero margin of safety! Why? Purely the owner is an arse hole! Mark my word! Nothing but arsehole! Know nothing abt water quality, spend whole life making millions of people suffer. I am glad Selangor now under pakatan. Else I need migrate singapore
This Rosalie will spend whole life, his whole family will get bad karma cycle many life to do co e!
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Posted by r°Moi > 2016-07-19 17:01 | Report Abuse
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What have you seen.. in the financial statements of listed companies. .... ex auditor stockmanmy.. to become so figures wary??
Share a bit.. come on stockmanmy
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