Posted by stockmanmy > 2017-04-11 11:19 | Report Abuse

I didn't post this to say KC is not successful personally or professionally.

I post this to talk about happiness, how the stock market works and the bullshits surrounding intrinsic values and magic formulas.

Posted by stockmanmy > 2017-04-11 11:25 | Report Abuse

Fake financial news under SEC crosshairs

http://www.cnbc.com/2017/04/10/fake-financial-news-under-sec-crosshairs.html


No wonder our KLSE also recently talk about fake news.

Posted by stockmanmy > 2017-04-11 11:33 | Report Abuse

I didn't post this to say KC is not successful personally or professionally.

But I must admit I find it bullshit when a self proclaimed conservative, prudent, risk adverse value investor put all his time / assets in Ace market.



Hang pig head to sell dog meat

Posted by stockraider > 2017-04-11 11:44 | Report Abuse

This bcos mammy...not panlai....thats why don understand....value investment & margin of safety....and the great investment work kc is doing loh...!!

Posted by stockmanmy > 2017-04-11 11:59 | Report Abuse

what I understand is hang pig head to sell dog meat

By quoting from Warren Buffet to justify his activities in Ace Market is hang pig head to sell dog meat.

Posted by stockmanmy > 2017-04-11 12:03 | Report Abuse

Beware people telling you 30% margin of safety

another form of

Hanging pig head to sell dog meat.

Posted by stockraider > 2017-04-11 12:15 | Report Abuse

U see why value investor Quote W.Buffet leh ??

Bcos W.buffet is a great supporter of value investment mah...!!

U don see...W.buffet support dynamic investment leh !! Why ah ??

Bcos long run dynamic....will lose out to value management mah...!!

If u adopt value investment....u r adopting the best investment tech endorse by world greatest investor w.buffet loh....!!

Yes...W,Buffet no need to bluff u unlike KYY the manipulator...bcos Warren Buffet being the 10 richest person in the world...bluffing u ...mean small monies....no point!!
Better to have good karma loh....!!

Trust Warren Buffet...u trust value investment is the best mah...!!

Posted by stockmanmy > 2017-04-11 15:14 | Report Abuse

Stock market rewards people who accepts and faces risk sincerely, not those who hang pig head to sell dog meat.


hang pig head to sell dog meat not only frauds others, also frauds your self.

Sincere and happy...the money come come easily just like Forest Gump/

Posted by stockmanmy > 2017-04-11 15:17 | Report Abuse

substance must meet form
form must meet substance

there is harmony in heaven

happiness and money come come easily.

Posted by Bizfuneng > 2017-04-11 15:23 | Report Abuse

Be it ACE Market or what as long as it has capital preserved build-in (MOS) and earning great profit why shud I care????? Btm line is great profit with minimum risk!!!!! He selling rat meat as pig meat I dun care. Still btm line is capital appreciation is the requirement. Dun agree ok, all entitle to their respective opinions. Fair.

Posted by stockmanmy > 2017-04-11 15:49 | Report Abuse

Lots of BS in this world

But I know professors are not risk takers, not supposed to be risk takers.

People who want to write like Professors, who are prudent , conservative and risk averse do not spend all their time / assets in Ace market.

Hang pig head to sell dog meat.

Heaven and earth not in harmony.

Posted by stockraider > 2017-04-11 17:03 | Report Abuse

Rubbish loh....why u think kc is professor like mammy say meh ??

Just bcos kc write well ah ??

Warren buffet write very well but he is not a professor loh...!!

U must not be so naive loh...ace...not ace...!!
Professor not professor loh....!!

Just ask whether KC is a good investor not loh...!!

Raider says...yes he is a great investor loh....!!

Posted by Bizfuneng > 2017-04-11 17:13 | Report Abuse

Haha......

Posted by stockmanmy > 2017-04-12 00:51 | Report Abuse

The last few months...my message to you guys is...sailang, be brave.


sailang you win
chicken you lose.

Posted by 3iii > 2017-04-12 07:28 | Report Abuse

Define and stay within your circle of competence.

Take advantage of Mr. Market and do not be guided by him.

Be loss adverse but not risk adverse.

When an opportunity presents with low risk and outsized returns, bet the farm.

Have the cash and the courage to bet big.

Don't speculate. Invest wisely.

Soon you will be fabulously rich.

:-)

Posted by stockmanmy > 2017-04-12 08:49 | Report Abuse

bull market sailang.

Posted by stockmanmy > 2017-04-12 08:59 | Report Abuse

People very funny one

People lose more money sailang when the game is over than sailang when the game is on

Posted by Ooi Teik Bee > 2017-04-12 09:03 | Report Abuse

The below are stockmanmy's pick and Ooi Teik Bee's pick based on the closing price on 29/4/2016.

Let us check the performance on 30/12/2016.

Bornoil 0.15 X 14,000 = 2100
CBIP - 2.25 X 900 = 2025
Ekovest - 1.42 X 1500 = 2130
Ecoworld - 1.29 X 1500 = 1935
Taan - 4.79 X 200 = 958
Jtiasa - 1.35 x 700 = 945
Total capital = 10093

Actual performance on 30/12/2016
Bornoil 0.18 X 14,000 = 2520
CBIP - 1.97 X 900 = 1773
Ekovest - 2.38 X 1500 = 3570
Ecoworld - 1.34 X 1500 = 2010
Taan - 3.95 X 240 = 948 (1 for 5 BI)
Jtiasa - 1.34 x 700 = 938
Total capital = 11759
Total gain = +1666 or +16.50%

My pick
Gamuda-WE - 0.995 X 4,000 = 3,980
Gadang - 2.08 X 600 = 1,248
Gkent - 1.71 X 800 = 1,368
Kimlun-WA - 0.705 X 1,600 = 1,128
Pohuat-WB - 0.675 X 2,000 = 1,350
WTK - 1.20 X 1,000 = 1,200
Total capital = 10,274

Actual performance on 30/12/2016
Gamuda-WE - 1.21 X 4,000 = 4,840
Gadang - 1.05 X 1500 = 1,575 (1 split into 2 and 1 for 4 BI)
Gadang-WB - 0.42 x 300 = 126 (Free WB)
Gkent - 3.04 X 1000 = 3,040 (1 for 4 BI)
Kimlun-WA - 0.67 X 1,600 = 1,072
Pohuat-WB - 0.775 X 2,000 = 1,550
WTK - 0.995 X 1,000 = 995
Total capital = 13,198
Total gain = +2,924 or +28.46%

Summary
stockmanmy gain +1666 or +16.50%
OTB - Gain +2,924 or +28.46%

I wish to post this record here for reference to avoid future argument.

I used the below magic formulae to select stocks to beat stockmanmy.
I used Margin Of Safety > 30%
I used EV/EBIT < 8
I used (22.5*EPS*Total Equity/share)^0.5
I used IV= (EPS*(7.5+1.5g)*4.4)/Y
I used Discounted Cash Flows Calculator
I used ROIC (Equity) > 12%
I used ROE > 10%
I also used the followings :-
CFFO > 50% Net Profit
Price to CFFO <= 15
Free Cash Flow > 30% Net Profit
Price to Free Cash Flow <=20
Cash Yield > 4%
Earnings Yield > 12%
Price / Book Value < 1.5
Interest Coverage > 9

I am not an accountant, I want to talk on facts and figures only.

Thank you.
Ooi

Posted by stockmanmy > 2017-04-12 09:06 | Report Abuse

Better to Buy On Weakness

says Kenanga report today.


Weakness still want to buy meh?

Should buy when the game is on.....not when there is weakness.

Posted by goldhanter > 2017-04-12 09:15 | Report Abuse

awesome Ooi.. like ur post..

Posted by stockmanmy > 2017-04-12 09:16 | Report Abuse

Every time there is a bull market
people lose more money when people buy on weakness than when people chase shares.


People still buy on weakness instead of chasing shares.

People very funny one.

Posted by stockmanmy > 2017-04-12 09:26 | Report Abuse

Beware of people telling you 30% margin of safety

Another form of hang pig head to sell dog meat.

Posted by MoneyFace88 > 2017-04-12 09:32 | Report Abuse

OTB always talk based on facts, not like old man KYY talk LC only, bloody stock manipulator

Posted by stockmanmy > 2017-04-12 09:35 | Report Abuse

People should chase shares ( if early enough, it is called pivotal moments) or buy when there is blood every where
Not buy on weakness.

Chase shares people normally cut loss very fast.
They would not die.

Buy when there is blood every where is called contrarian trading. Often they becomes pivotal moments.

Buy on weakness is the one that buries a lot of people in every cycle.

Posted by stockmanmy > 2017-04-12 11:07 | Report Abuse

I guess OTB just want to show his George Kent........lol.

Posted by stockmanmy > 2017-04-12 11:08 | Report Abuse

I not keen on theoretical model portfolio.

I know there is a big gap between theory and practice.

Posted by tjunkie > 2017-04-12 11:20 | Report Abuse

to me the market is like the weather. there will always be spring and winter. the key is stay invested ignoring the fluctuations. no one can time the market

Posted by stockmanmy > 2017-04-12 11:24 | Report Abuse

OTB


what has happened to the bet between Gamuda warrant and Econpile?


just asking.

Posted by cheoky > 2017-04-12 11:33 | Report Abuse

Pig head asking, OTB not necessary need to answer

Posted by stockmanmy > 2017-04-12 11:36 | Report Abuse

again, hang pig head to sell dog meat.

show the winning bets.....

the most popular pass time in the world.

Posted by stockmanmy > 2017-04-12 11:49 | Report Abuse

good balanced portfolio that can weather any storm.

number 150 here.

https://klse.i3investor.com/blogs/ibot/120440.jsp

and also this


a defensive diversified portfolio....( from April 2016)


CBIP
Ekovest
Ecoworld
Taan / Jtiasa
Bornoil

a balance of potential with least risks.


https://klse.i3investor.com/blogs/stockman/95698.jsp


Author: stockmanmy | Publish date: Fri, 4 Mar 2016, 12:38 AM

Eight wonders of the world..............


Bornoil, AAX, Tguan, VS, KESM, RHB, Scientex

they work as a team.




https://klse.i3investor.com/blogs/stockman/92512.jsp

Posted by ipomember > 2017-04-12 11:53 | Report Abuse

"
stockraider Must not look down on people making an honest living like KC loh..!!

Whats wrong leh ?? He is one of the best value investor...raider have encountered loh....!!

His investment method using value investment is very sound as compare to manipulator like KYY loh.....!!"


Kc see the value through past figures while Kyy see the value through business and future growth.

Stockraider point of view is pure shallow.

Posted by stockmanmy > 2017-04-12 12:10 | Report Abuse

Kc see the value through past figures while Kyy see the value through business and future growth.

Stockraider point of view is pure shallow.

==================

well put.

When I say people to put more emphasis on business and future, instead of past figures, they say I am fake accountant.

Posted by stockmanmy > 2017-04-12 12:12 | Report Abuse

I look at the stock market I see this....

that the stock market is a place where people will be rewarded for assuming / taking on risk , and later proven right.

That is the economic function of the stock market.

Posted by stockmanmy > 2017-04-12 14:09 | Report Abuse

Then , there is this problem with intrinsic valuations.

Valuations are not as intrinsic as people think....

When Charlie Munger / Buffet talks about buying companies at valuations lower than the seller demands......He is literally talking about buying companies, with controlling interests and he already has plans for the acquisitions. ..They got dozens of such investee companies.

When you buy shares, you are just a passive investor waiting for dividends or price to go up....both of which you got no control.

For you, things are not as intrinsic as it is to Munger / Buffet.

Posted by stockmanmy > 2017-04-12 15:52 | Report Abuse

nothing is more intrinsic than cash companies.

Buy Puncak miss bull run.

Posted by stockmanmy > 2017-04-12 16:50 | Report Abuse

can raider tell us what is more intrinsic than cash companies?

Posted by stockmanmy > 2017-04-12 17:23 | Report Abuse

brainlessly quoting books has no learning.

what is more intrinsic than Puncak?

Posted by stockmanmy > 2017-04-12 20:51 | Report Abuse

brainlessly quoting books has no learning.

lesson for all the so called value investors around here.

Posted by stockmanmy > 2017-04-13 09:01 | Report Abuse

raider...what is more intrinsic than Puncak?

cash company very objective.

buy Puncak miss bull run.

Posted by stockmanmy > 2017-04-13 09:03 | Report Abuse

buy Choo Bee miss bull run

Why the so called value investors in i3 never learns? Never under estimate the stupidity of raider and his kind.

Posted by stockmanmy > 2017-04-13 10:13 | Report Abuse

I look at the stock market I see this....

that the stock market is a place where people will be rewarded for assuming / taking on risk , and later proven right.

That is the economic function of the stock market.

Posted by stockmanmy > 2017-04-14 09:00 | Report Abuse

B Graham and Value investors very popular around here , isn't it.?

I suppose we can all put the financial information in a spread sheet, apply a magic formula, and puff, out comes the answer...............and wait, and wait and wait for the magic formula to work its magic.

But B Graham died a long time ago, even before there is the internet.

Nobody dreams of using a horse carriage travelling to work, but people don't mind being suckered...if it is about a possibility for some money.

On stock picking, if I am to recommend one guru, one tip, it would have to be William O Neal and his CANSLIM....go google it your self

On the objective of all good strategies........don't get killed if wrong, makes a killing when right. If you can do that, you can be rich as KYY.

All chemical reactions need a catalyst. Have you got a catalyst? How strong is the catalyst? Is it reliable, dependable? Got a sponsor/ sponsors?

I will end this with 3 quotes from him..................


Quotes

"Since the market tends to go in the opposite direction of what the majority of people think, I would say 95% of all these people you hear on TV shows are giving you their personal opinion. And personal opinions are almost always worthless … facts and markets are far more reliable."

"The whole secret to winning and losing in the stock market is to lose the least amount possible when you're not right."

"What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower."

Posted by stockmanmy > 2017-04-14 09:19 | Report Abuse

"what seems low and cheap generally goes lower."

Too bad for all the new students of Value Investing. You are going about it the wrong way.

Posted by stockraider > 2017-04-14 09:28 |

Post removed.Why?

Posted by stockmanmy > 2017-04-14 10:32 | Report Abuse

raid is plain silly or blind or both.

Posted by stockmanmy > 2017-04-14 10:53 | Report Abuse

yesterday 700 down, today 800 down, if it appears cheap to the majority....its probably baloney.

what appears cheap will go cheaper.

Posted by stockmanmy > 2017-04-14 11:09 | Report Abuse

"Since the market tends to go in the opposite direction of what the majority of people think, I would say 95% of all these people you hear on TV shows are giving you their personal opinion. And personal opinions are almost always worthless"

what is opinion is probably baloney.

The thing that is reliable is market action and what the market tells you.

Posted by derrick8228 > 2017-04-24 14:56 | Report Abuse

after finish read this *This is how the stock market works! A cold winter!* I only realized I'am one of the Red Indians too.

Posted by Surewin123 > 2017-04-24 16:34 | Report Abuse

haha, me too. funny Red Indians.