Calvin, you are giving people the wrong impression that MUI was sold all the way down from RM24 to 19sen. Come on, the shares outstanding is 2.933 BILLION today, not million. Are you trying to tell people that in 1984, the company was worth RM70.39bil. You should know that over the decades, there were more shares issued to raise money and therefore shares dilution. By the way I have always enjoyed reading your articles and I do agree that the company is undervalued. However, my take is that if a person cannot share his wealth with his love ones, I don't think he can be generous with the general public.
Tan Sri Khoo rather go to jail then give a penny to pauline chai. he will find ways to delay ANd prolong the settlement citing his assets is less than what the British court awarded. Give hi,m 2-3 years. he says bye ' amen " personal and corporate ownership is different.
Buying long depressed stocks are just like buying a shoplot and could wait for 5, 10 or even 20 years to appreciate. I would suggest only put 20% of your investable capital in MUI etc.
This is the way to invest in High Asset Neglected Stocks.
Just follow Walter Schloss' method:
Buy a basket of 30 to 100 stocks which have
1. Low price backed by High Value Assets like
a) Lots of Cash b) Gold bars. c) Valuable Lands, factories, warehouses, resorts, houses, islands d) Goods of value like hard metals, oil palm trees and others.
2. Make sure major shareholders are buying and not disposing. Selling a little for needs ok. Best is Insiders keep up buying.
And hold tight.
One day the tree will bear fruit and you shall reap.
This method is proven by Superinvestor called Walter Schloss for 40 long years.
Neoh's book was published before the famous 1993 bull market. All lot of young people then who opted to be a greater fool made tons of $$$$. Subsequently, those older ppl who followed lost their $$$.
Those who followed Dr Neoh's method did not managed to make $$$$ in 1993 bull.
Every new cycle in the stockmart has its new characteristics. Those who made $$$ in the 1993 bull subsequently lost it all when they use the same 1993 cycle method.
The Edge interviewed Dr Neoh after the 1993 bull and commented that he is too conservative.
Junichiro Every new cycle in the stockmart has its new characteristics. Those who made $ in the 1993 bull subsequently lost it all when they use the same 1993 cycle method.
The Edge interviewed Dr Neoh after the 1993 bull and commented that he is too conservative. 12/04/2017 15:43
Whatever cycles & whatever markets the fundamental law of VALUE will prevail.
Look at gold as a Store of Value. What Gold bought in ancient times still remain true today. Gold has an intrinsic Store of Value that cannot be destroyed by wars, inflation, deflation or good/bad times. Its Value adjusts accordingly just like water also finds its own level. So is gravity.
These are immutable Laws God create to govern the physical world.
And what is true there is also forever true about Investments
They are ALWAYS BASED ON VALUE!
And the Share Price of a Company will ULTIMATELY BE REFLECTED IN ITS TRUE INTRINSIC VALUE!!
Are you sure those who follow Dr Neoh's method did other make money in he 1993 Super Bull? The index shot up to 1300+ from about 600...
Many of those punters lost what they made from 1993 plus their own money after 1993 subsequently using their "methods".....
It was euphoria then and people just crazy then buying empty company like Berjuntai Tina @RM38....and many many more...which collapsed subsequently.....
Stockman, different people different approach.. some like to gamble but some stick to investment into a good business....but by and large, malaysian retailers in the stock market like to gamble... I have seen so many failed punters....Look at Dr Neoh'S portfolios right now, you can check that he bought and kept those shares for years.... collected dividends and the share prices have multiplied many folds....
It's not easy for us to emulate....most of us prefer quick kills... haha! Either kill or be killed! Haha!
how to make 1 mil in bursa? risk also become bangrupt. tracoma bought 1.80 sold at 10cts after 6 years, SAAG bought before rights issue at 5.30 sold at 75cts after 6 years. both PN17 after I cut loss.parkson bought at 5.20 before last election now 63cts. talking about risk?
This Mui itself is 6cts up since Calvin wrote about d sleeping giant! 19cts to 25cts today. It's ok to b last when u can make such a call within 3days.
Warren Buffet has never once in this entire life bought any thing because he liked the past of the company...or past wealth,
All his purchases is because he sees the business sense and likes the future. ...and is willing to accept the risks as offered to him
All stock market returns beyond risk free returns are because he has to assume the market risks and stock specific risks ...and be right that the risks can be solved.
That is the function of the stock market....For someone to assume the risks and be rewarded afterwards if he is proven right.
risk against reward. past return is no guarantee for the future. look at nokia or our home grown proton. either you change or you be changed. last time you buy and hold ( you can still hold for the next 10 years ) this is just my personal take.
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....
Lim Yan Kai
109 posts
Posted by Lim Yan Kai > 2017-04-11 22:00 | Report Abuse
I know this theory