recent interim results of steel players suggest.......
with the exception of CRC producers who benefited from the elimination of Megasteel, a major competitor..............all other players like traders, and downstream players , steel bars, steel pipes and steel tubes all die die squeezed by CRC producers , cost increases and declining product demand.
Syndicate foresee the volatility during Us elaction and seasonal low demand by year end period. So, syndicate decide to slap down steel sector. This is going to change by March 2016.
If u follow the trending , u will know why I say so. Steel sector awaiting their leader to March 1st . Guess who is it ? Definitely not Cscstel .
Want to play ? I choose Comcorp & Melewar on today's closing price. U choose your so call golden selection counter . Final results reviewal set at End June 2017.
wow...both counters also fall loh....!! Thats why raider says both csc and choo bee are inter-related...if 1 don do well....the other will follow loh...!!
stockraider > Nov 30, 2016 02:24 PM | Report Abuse
wow...both counters also fall loh....!! Thats why raider says both csc and choo bee are inter-related...if 1 don do well....the other will follow loh...!!
Raider says is a rubbish to says CSC is good when choobee no good loh....!!
They are twin mah.....!! Don buy the arguement....if CSC do well....choobee would not loh..!!
If u want to sell choobee...bcos u know ....business will be bad...then u better think of selling CSC too loh...!! If vice versa.....both would be good too mah....!!
Raider think both would do well for the next 2 Quarter loh..!!
The chart don mean a thing loh....!! If u look back at CSC when it was Rm 0.90 to 1.00....and compare to choobee....u can see CSC under performed loh....!!
It is lately CSC performed....now touted...as if very superior loh..!!
If u read chart properly....u can paint a different picture of relative under or over performance over time...it depend how u use the chart time frame loh....!!
Thats why stock operators use chart to manipulate loh...!! People say chart don lie...!! In a way true...!! But it is short term don lie loh....!! In longer term it can lie also mah....!!
In THE INTELLIGENT INVESTOR Warren Buffet wrote a par excellence chapter on The Superinvestors of graham-and Doddsville
I quote from page 544 4th paragraph
"It is extraordinary to me that the idea of buying dolar bills for 40 cents takes immediately with people or it doesn't take at all. It's like an inoculation. If it doesn't grab a person right away, I find that you can talk to him for years and show him records, and it doesn't make any difference. They just don't seem able to grasp the concept, simple as it is.
A fellow like Rick Guerin, who had no formal education in business, understands immediately the value approach to investing and he's applying it five minutes later. I've never seen anyone who became a gradual convert over a ten-year period to this approach. It doesn't seem to be a matter of IQ or academic training. It's instant recognition or it is nothing."
IF U FOLLOW INTELLIGENT INVESTMENT ABOVE....CHOOBEE ACTUALLY HAVE MORE MARGIN OF SAFETY COMPARE TO CSC LOH....!!
n THE INTELLIGENT INVESTOR Warren Buffet wrote a par excellence chapter on The Superinvestors of graham-and Doddsville
I quote from page 544 4th paragraph
"It is extraordinary to me that the idea of buying dolar bills for 40 cents takes immediately with people or it doesn't take at all. It's like an inoculation. If it doesn't grab a person right away, I find that you can talk to him for years and show him records, and it doesn't make any difference. They just don't seem able to grasp the concept, simple as it is.
A fellow like Rick Guerin, who had no formal education in business, understands immediately the value approach to investing and he's applying it five minutes later. I've never seen anyone who became a gradual convert over a ten-year period to this approach. It doesn't seem to be a matter of IQ or academic training. It's instant recognition or it is nothing.
U NEED UNDERSTAND MARGIN OF SAFETY LOH.....BUYING SOMETHING WORTH RM 1.00....FOR RM 0.40 LOH...!! CLASSIC EQUIVALENT CASE OF BUYING CHOOBEE FOR RM 1.64 FOR RM 4.10 NTA WORTH MAH...!!
There is no margin of safety in equity investments. Just hold cash tight tight and use it when you find a Business Sense opportunity, a Dynamic Investment.
What seems low can trade lower....what seems to be consolidating at a low base can have the base broken suddenly and dive down.
Equity is not margin of safety....it is a place for you to make a difference.
"You also have to have the knowledge to enable you to make a very general estimate about the value of the underlying businesses. But you do not cut it close. That is what Ben Graham meant by having a margin of safety. You don't try to buy businesses worth $83 million for $80 million. You leave yourself an ernomous margin.
When you build a bridge, you insist it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing."
BEN GRAHAM AND WARREN BUFFET SAYS ALOT OF MARGIN OF SAFETY IN CHOOBEE V CSC NOT RAIDER SAYS MAH....!!
CHOOBEE NTA RM 4.10 V SHARE PRICE RM 1.64
CSC NTA RM 2.20 V SHARE PRICE RM 2.00
LOOK LIKE CHOOBEE GOT BIG MARGIN OF SAFETY WHEREAS CSC SMALL MARGIN OF SAFETY LOH...!!
ON CSC; QUOTE U DON BUY A BUSINESS WORTH RM 800M FOR RM 740M U DEMAND A HIGHER MARGIN OF SAFETY LOH....!!
Get out the moment you conclude the business is not doing well
Of course value can be destroyed fast when things not doing well....it has fixed costs, stocks and debtors and machineries all of which can be destroyed very fast.
ASK YOURSELF LOH....IS THE BIBLE OF GREAT SIFU BEN GRAHAM INTELLIGENT INVESTMENT BETTER OR BIBLE KYY/MAMMY DYNAMIC INVESTMENT BETTER LEH ??
RAIDER SAYS BGRAHAM AND W BUFFET BETTER MAH.....SO MANY YRS OF PROVEN TRACK RECORD....HOW TO ARGUE LEH ??
HAVING SAYS THAT....RAIDER NOT SAYING KYY/MAMMY DYNAMIC INVESTMENT NO GOOD...BUT BEN GRAHAM MARGIN OF SAFETY BETTER LOH...!! ALREADY CREATED MANY MANY BILLIONAIRES MAH....!!
Frozen soldier is another name for Static Investing.
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Posted by stockmanmy > 2016-11-29 15:03 | Report Abuse
recent interim results of steel players suggest.......
with the exception of CRC producers who benefited from the elimination of Megasteel, a major competitor..............all other players like traders, and downstream players , steel bars, steel pipes and steel tubes all die die squeezed by CRC producers , cost increases and declining product demand.