Proverbs 29:11-13 King James Version (KJV) 11 A fool like the entity behind joetay uttereth all his mind: but a wise man keepeth it in till afterwards.
New Living Translation Don't answer the foolish arguments of fools, or you will become as foolish as they are.
According to his folly.--Do not lower yourself by disputing or arguing with him; he will not take in your meaning, and will think he has got the better of you, perhaps will insult you.
as per usual, clown @calvintaneng refuses to answer my question to him and that is will a huge cash pile be useful when it is not enough to pay off the liabilities.
as a Christian, I am ashamed of that PASTOR CALVIN anyhow misuse bible to scold Joe. PASTOR CALVINs behaved just like as stated in Matthew 6:5
Matthew 6:5 “And when you pray, do not be like the hypocrites, for they love to pray standing in the synagogues and on the street corners to be seen by others.
calvintaneng Proverbs 29:11-13 King James Version (KJV) 11 A fool like the entity behind joetay uttereth all his mind: but a wise man keepeth it in till afterwards. 24/02/2018 22:18
Posted by joetay > Feb 24, 2018 11:11 PM | Report Abuse
as per usual, clown @calvintaneng still refuses to see facts.
it has ard rm3b in borrowings, and together with other liabilities, the total liabilities is ard rm4b.
it has ard rm1.8b in cash+securities, giving the company a negative net cash of ard rm2.2b.
so with a cash hoard of rm1b, is it enough to pay off the short term borrowings of rm2b if the biz gets into difficulties?????
Calvin replies:
Good,
Now we can see the flaws of joetay
Joetay omitted these:
Property, plant and equipment......RM2.5 BILLIONS Investment properties......RM532 MILLIONS Land held for property development..RM585 MILLIONS
TOTAL IS RM3.6 BILLIONS
Add another Non current investment in security of RM235 MILLIONS
TOTAL OMITTED IS RM 3.83 BILLIONS
So where got negative short fall
At 64 sen share price with NTA of Rm1.50 there is a Huge 58% Discount to NTA. This is more than 30% Discount to NTA requirement of Great Sifu Ben Graham
so how can u claim to have given a buy call on kheesan????
calvintaneng 19459 posts Posted by calvintaneng > Oct 14, 2013 11:15 AM | Report Abuse
Hi Guys, For Kheensan news see comments on London Biscuits Forum. Kheesan by itself is good, but it is on the foundation of London Biscuit. Management must pare down borrowings.
Anyway PM Corp(4081) is a far better buy than both london biscuit and kheesan.
Go to PM Corp Forum and STUDY THE WHO TREAD VERY CAREFULLY NOW.
Sslee Dear calvintaneng, Insas 30 sept 2017 result is Q1 result. Next week will announced Q2 result. Insas financial year end is 30 june. Thank you 25/02/2018 12:35
Thks for pointing out.
Insas should be doing well from March 2018 with added booster from Govt
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joetay
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Posted by joetay > 2018-02-24 21:56 | Report Abuse
clown @calvintaneng, u know how to calculate net cash or not?????
r u sure ta enterprise is in net cash position?????
lol...........