Whoa! These are mau sang wang durians not yet ripe.
Got extra cash and lönger term view just buy some from july, august, sept, oct, nov and dec 2017.
Yes this is it!!!
1. Bj Corp - Berkshire Hathaway! Calvin buying 2. OPCOM - SURE SPECIAL DIVIDEND COMING 3. PBA- Rock Solid. Dr Neoh of dynaquest on board 4. BPURI - got cash now is opportunity time. 5. Dutaland - another good one like jaks at 40 sen
WHOA!! Being reminded of these SUPER DURIANS? hmmmm?
Calvin can give 5 stock tips daily for all I care because in the end I make my own judgement. Maybe is just the way Calvin writes that causes some people to go against him which I feel is not too fair. Yet it is freedom of speech (write) and expression. For all that Calvin, Uncle Koon, OTB, Icon and many others have written, there is one thing in addition that also counts which is GUT feel. All the FA, TA and business sense is relevant and useful where maybe there is also one matter needed to pick correct stocks which is GUT FEEL.
There is an immediate intrinsic approach and there is a future enterprize value.
For me i chose intrinsic immediate accounting approach.
That's how these stocks selections have been or going to be privatised
1. Super Enterprize 2. Kulim-- last 2 quarter results were even negative. 3. Tmakmur 4. TheStore. Its assets value are more important than its operating busines.
5.Wangzheng This is an interesting case study that is still ongoing. Both my Perak Corp and Southern Steel were offered privatisation but rejected by shareholders. Both Perak Corp and SSteel share price subsequently retraced. Will Wangzheng do better.
So we should buy BELOW INSTRINSIC VALUE AND WE SHOULD CERTAINLY SELL ABOVE INTRINSIC VALUE AND NOT CHASE IT FOOLISHLY.
CONTRARIAN VALUE INVESTING IS THE BEST SAFEST RULE TO FOLLOW.
ya....in terms of stock picking, I must rate Lynch to be better than Graham. Lynch trades in a season mostly against him, and he went it through with exceptional gains. He also categorized (if i'm not wrong, generally 6) stocks, and some say his portfolio is very diversified.
how about Munger? It seems that Munger's emphasis on wonderful business, e.g., first class business, first class management is very antithetical with Buffet's deep value investing, after all Buffet is shaped very early in his years by his master Graham.
We can witness a change in his tone in deep value investing throughout his letters to the shareholders. Before that, he always bought those fair businesses at wonderful, cigar-butt price. And now he sort of move on...
i actually hesitate to go in with L&G because of it immense size of shares. Also, doing rights issue in the name of not taking debt also, at the same time, dilute shareholder's future earnings. I will continue to study L&G, and no doubt it has an attractive 9% dividend by 21.5sen valuation now.
I think if you look at Buffet as a whole he did pretty well even before he met Munger.
Buffet even timed the market once when he closed his early fund and distribute back all capital to shareholders.
After Buffet met Phil Fisher he has changed from cigar stocks to growth stocks sonewhat.
But for the last decade or two Berkshire only made 20% to 25% yearly. Peter 's Magellan Fund for short sput at 39% performance even beat Warren at 25%. What if Warren had kept to Value stocks alone? I think under the evolving market of the US many other value funds are looking for bargains like Walter Schloss, John Templeton, T Rowe and others so much so that Schloss' worry that there won't be any deeply undervalue stocks one day.
In that case Walter Schloss told his son that they might have to close shop.
So given the scarcity of value net net stocks plus the huge fund size of Berkshire it is getting very difficult to find net net value stocks at deep discount of investible size.
So Warren is what he is today because of the evolving market of the present.
I am happy for Malaysia that 95% of the people are NOT into value net net investing.
That's why real bargains are to be found in Malaysia even today.
You see, Jaks at 40 sen with Nta over Rm1.00 was then a real gem. Not now.
So was Kulim at Rm2.50, Super Enterprize at rm1.30, Tmakmur at Rm1.38, TheStore at rm2.50 and Wangzheng at 75 sen.
They were all unwanted and unloved which were taken private.
So are these present undervalue ones like
L&G , Bpuri, Opcom, Bj Corp, Dutaland, Pba, cbip, kwantas and others of deep deep value still unloved, unrecognized and unwanted by the maddening crowd who chased balloons and bubbles.
thx calvin, i dun know about fisher and glad to hear about him from you =)
yalo, i tot buffet eventually changed his strategy....apple is cash rich, so at least fundamentally sound...but those growth stocks we have at bursa semua margin of safety very weak and shaky. Once recession comes, habis semua tapao....
2 cents dividend given after get the money from right issue, existing share holder's share price dive from 0.35 to 0.2 without getting anything f they didn't exercise their right by putting more money.
before the right issue, price in 2014, 2015, 2016 keep dropping from 60cents to recent 20cents. if i hold this share 5 years, i earn 10cents interest but the share price depreciate 40cents.
another thing is very strange - net cash per share is far more than the share price but the price still remain low. something very fishy.
Post a Comment
People who like this
You should check in on some of those fields below.
Click Confirm to delete this Forum Thread and all the associated comments.
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....