Dear all, Thank god and I am glad that the war of word is over and peace and reasoning prevail. No one going to jail and I am looking forward to read Philip, Jon , Icon8888, Kcchong and many other Sifu’s articles and comments in I3. The one deserve to be in jail is quack quack quack the “Batu Api”
I had to salute Mr. Koon’s magnanimous in only blaming himself and no other for his losses in JAKS. Everyone should know that it was quack quack quack misleading Koon astray and even “Batu Api” to the extent that at one time Mr. Koon is not in talking term with Mr. Ooi. I am very happy and glad to see Mr. Koon and Mr. Ooi like abang-adik during the Investment blogger day. Let bygone be bygone and seize today opportunity to make your intelligent and informed investment.
Thank you. P/S: Nowadays we type faster that what our brain can think properly hence we tend to be rude, arrogant, provocative and sarcastic when making comment. Thus I would like to make a personal sincere apology to Mr. Philip for my many sarcastic and rude comments on you. Let’s befriend each other. Similarly Mr. Koon like to write provocatively but in life he is a very gentle gentlemen when talking in person. I miss the good old day when he use to send me many interest article from Babamail but I ask him politely to exclude me from his mail list because I do not want to be group with quack quack quak. My profound apology too to Mr. Koon for writing an article in i3 blog that hurt him so much.
Yes i am aware of this method. Its an investment partnership type co. The same used by Li Lu, Buffet in his early days, as well as Mohnish Pabrai.
I was thinking of this type of structure, 3-5 years from now if my track record is set, as the requirements to do fund management activity in malaysia is very stringent, and with high barriers of entry.
It would be a quite of a compounding and performance miracle for me to turn the few hundred k i have now into 5 mil required by SC, in 3 years.
Nice to know we are not going to be cellmates.
==== (S = Qr) Philip FYI this only works if I don't have to take money from the public, the investors/partners are clearly stated, percentages fixed. We are all partners in the company, wth me as technical manager. 13/03/2019 06:11
Choivo, you are stubborn like cow and immature. Moral of story is dont do what you not qualified to do. Are you qualified? No. You got license? No. You go work on your license and then you do this business. Not work around the legal system now.
You put the problem as RM5m capital. That is wrong thinking. If you have qualification and license, plenty people will invest in this type business. The reason the capital requirement high is to protect investors so that the company is not fly by night company.
Why you cannot get license now? Because you dont have practical experience. Read books is not experience. Know theory is different from real world. But you think you smarter than everyone else so you should be different.
Close your business now. If you really want to do this business, read the requirements again. And work towards meeting all of them. Right now you are an illegal operator. Nothing more than that.
Continue this business now and if you get into problem, nobody will pity you. You know very well you are trying cheat the system and law.
Posted by Choivo Capital > Mar 13, 2019 09:26 AM | Report Abuse
Yes i am aware of this method. Its an investment partnership type co. The same used by Li Lu, Buffet in his early days, as well as Mohnish Pabrai.
I was thinking of this type of structure, 3-5 years from now if my track record is set, as the requirements to do fund management activity in malaysia is very stringent, and with high barriers of entry.
It would be a quite of a compounding and performance miracle for me to turn the few hundred k i have now into 5 mil required by SC, in 3 years.
No point being a fund manager or getting license damn waste of time with so much restriction loh...!!
U R better off doing like Philip do, borrow from family members and close friends and relatives and use bank margin and do the investment all by yourself loh....!!
And Start buying into Sapnrg cheap b4 too late, it is one of the way increasing ur networth exponentially and steadily & safely...trust me...this is a very good investment for upcoming young industrious cikku like U mah.....!! Please check it out and don miss this golden opportunity loh....!!
If u can grow ur networth to say Rm 50 million....perhaps u can set up a stock raiding co....and get it listed in the leap mkt 1st....raider promise to put some monies in your listed vehicle loh...!!
At this point u can be the managing director of stock raiding co loh..!!
Posted by i3Value > Mar 13, 2019 10:11 AM | Report Abuse
Choivo, you are stubborn like cow and immature. Moral of story is dont do what you not qualified to do. Are you qualified? No. You got license? No. You go work on your license and then you do this business. Not work around the legal system now.
You put the problem as RM5m capital. That is wrong thinking. If you have qualification and license, plenty people will invest in this type business. The reason the capital requirement high is to protect investors so that the company is not fly by night company.
Why you cannot get license now? Because you dont have practical experience. Read books is not experience. Know theory is different from real world. But you think you smarter than everyone else so you should be different.
Close your business now. If you really want to do this business, read the requirements again. And work towards meeting all of them. Right now you are an illegal operator. Nothing more than that.
Continue this business now and if you get into problem, nobody will pity you. You know very well you are trying cheat the system and law.
GO READ about the license from the SC handbook and the law.
Its not Grey just not enforce, just like IB, Corporate Advisory License and Research analyst license is not the same. The exam modules are different. AS well as the scope.
No one will go to jail fortunately for all this drama
Posted by i3lurker > Mar 13, 2019 06:20 AM | Report Abuse In the whole world the concept of remisier only happens in Malaysia. No other country has it. Its an old license. Powers of remisier was very broad previously. Remisiers could obviously give advice to clients and also prospective clients (this is important and has strong legal implications). Paying a Remisier for advice is obviously not illegal per se.
SC hands are tied coz obviously its black and white ok in the old days. Its a grey area nowadays. Authorities believe that if it is a Grey Area, they will give you the benefit of the doubt.
As such SC will not take any action against any Remisier for a) advice to clients and prospective clients and b) getting paid for advice.
Trading Stocks - Sapura Energy (5218) Author: AmInvest | Publish date: Wed, 13 Mar 2019, 10:27 AM
Sapura Energy was testing the RM0.33 level in its latest session. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM0.365, followed by RM0.38. Meanwhile, it may continue moving sideways if it fails to cross the RM0.33 mark in the near term. In this case, the immediate support is anticipated at RM0.305, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on further rebound above RM0.33
Target: RM0.365, RM0.38 (time frame: 3-6 weeks)
Exit: RM0.305
Source: AmInvest Research - 13 Mar 2019
RAIDER VERY SPECIAL VALUABLE ADVICE, THE BEST MONIES ARE MADE BY JUST SITTING, THUS JUMP IN SAPNRG WHEN IT START MOVING, AND SIT ON IT FOR 3 YRS AND 3 MTHS AND THE CHANCES OF U GETTING RM 3.00 ON SAPNRG IS HIGHLY LIKELY LOH........!!
DO NOT SETTLE FOR TINY SMALL TRADING PROFIT AND THINK BIG AND BE SMART AND BIG MONIES START FLOWING IN MAH.
after the MCM ( maintenance, construction and modifactions) results were out, it became obvious those with boats ( like Dayang ) have better margins than those without own boats ( like Carimin).
I'm a pure bottom up guy, i don't take into account industry average p/e or sentiment etc.
For Sapura to make sense for me, i need to see it being able to make 1.3-1.7 billion a year in profit after tax (or preferably owners earnings) reliably by the next year, and grow moving forward.
When you are in a highly cyclical industry and you have a lot of debt. Things can get very interesting.
Masteel, Annjoo etc
I won't accept 10% earning yield (earning over PE). I need at least 17-20%. Because the next 10 years is so cloudy.
However, people do tend to think fair value is roughly 10 times PE regardless of capital structure. So if you are aware of this, there is some intelligent speculative money to be made.
THE ROUTE TO TIBET....COMES WITH U MAKING THE 1ST STEP LOH...!!
REMEMBER THIS LOH...!!
"No problem loh....out of 100 people only 1 person really make monies on sapnrg mah.....!!
Sapnrg long way to go ....the coming turnaround will be very strong loh...!!"
LOOKING AT THE ABOVE FACT ARE U NOT CONVINCE AND CONFIDENT TO JUMP IN WITHOUT HESITATION LEH ??
Posted by Choivo Capital > Mar 13, 2019 12:02 PM | Report Abuse
Raider,
I'm a pure bottom up guy, i don't take into account industry average p/e or sentiment etc.
For Sapura to make sense for me, i need to see it being able to make 1.3-1.7 billion a year in profit after tax (or preferably owners earnings) reliably by the next year, and grow moving forward.
DON LISTEN TO THE RUBBISH PHILIP COMMENT ON HIS HIGH DEBT YINSON ON RING FENCE HIGH DEBT RUBBISH MAH....!!
NOTHING CAN SHIELD U FROM HIGH DEBTS, UNTIL AND UNLESS U EMBARKED MASSIVE MONEY MAKING BUSINESS PROFIT AND CASHFLOW EXPANSION LIKE WHAT SAPNRG DID LOH.......!!
Posted by Choivo Capital > Mar 13, 2019 12:18 PM | Report Abuse
Haha icon,
I go at it with a very owner perspective, as if i actually have the money to privatize it.
Now they are exceptions. If the debt is non-recourse debt, ie ring fenced to certain assets. Then its a different story.
In this case, the risk is all passed to the bank, and i get the free money, as long as i meet certain financial ratios as per the loan agreement.
Once u have non recourse funding, it will mean higher interest rate or u may even end up not getting enough & type funding u want loh...!!
Why the bank think that way ??
1. Very obvious mah...the bank is not expert in your business...if u want non recourse lending....the bank will ask u to provide more skin in the game, like u putting up 50% to 70% of equity and the bank will fund the rest loh...!!
2. As for interest rate, it will be higher bcos this will mean higher risk mah....! Nothing is free...if u want the bank to take more risk u pay loh.....!!
Posted by Choivo Capital > Mar 13, 2019 12:28 PM | Report Abuse
Raider,
Non-recourse or ring fenced debt means.
It is tied to the asset. If i cannot pay, you just take the asset. You wont chase after me.
If its recourse. If my asset not worth enough after auction, you can still chase me!
Either way, if you screw up to the extend that they need to take the asset, you are probably not doing well.
But imagine if HYFLUX got a ring fenced debt agreement for their TUAS water plant. In that case, bank bankrupt, not them.
Raider has been talking about explosive bulls coming loh...!!
Please don get distracted on the trivial issue below like;
Posted by Yu_and_Mee > Mar 13, 2019 10:05 PM | Report Abuse
someone need to distribute their shares or need help to push the share up because of high liquidity shares?
Yu_and_Mee 999 posts Posted by Yu_and_Mee > Mar 13, 2019 10:06 PM | Report Abuse
tomorrow may be the same pattern, if up in the morning, sure sell off will happen. Don't be trapped!!!!!
Depeche 1929 posts Posted by Depeche > Mar 13, 2019 10:13 PM | Report Abuse
IDSS volume was very heavy..be prepared for a slow ride up.
RAIDER COMMENT;
U SEE LAH....WHEN U R INVESTING RM 0.34 AND EXPECTING TP RM 3.00 WITHIN 3 YRS, WHY DO U BOTHER WITH THE TRIVIAL ISSUE ABOVE LEH ?? U R NOT GOING TO SETTLE FOR TINY TRADING PROFIT MAH....!!
U JUST BUY & HOLD AND WIN VERY VERY BIG OVER 3 YRS MAH....!!
BE ON GUARD ON THIS TRIVIAL AND UNPRODUCTIVE ISSUE THAT WILL DISTRACT U FROM MAKING A MAJOR KILLING IN INVESTMENT, THAT U HAVE NEVER DREAM OR IMAGINE B4 MAH.....!!
JUST REMEMBER THERE ARE STILL HUGE PROFIT MAKING OPPORTUNITY COMING YOUR WAY MAH......!!
THE BEST INVESTMENT STRATEGY IS THAT U BET WITH LOW RISK AND WITH VERY HIGH POTENTIAL RETURN LOH.....!!
SAPNRG IS THE BEST PICK BCOS IT MAKE ITS OWN FUTURE MAH....!!
WHY LEH ??
1. SAPNRG HAS OIL EQUIPMENT N MACHINE WHICH CAN DO VERY COMPLICATED JOBS, IT IS THIS REASONS IT HAS RM 19 BILLION CONTRACT IN HAND TODATE AND THIS IS BASING ON ONLY 50% OF ITS CAPACITY UTILIZATION LOH...!! SAPNRG STILL HAS BALANCE CAPACITY TO TAKE UP ANOTHER RM 20 BILLION MORE JOBS LOH.......!!
2. UNLIKE OTHER OIL & GAS COMPANY SAPNRG IS ACTUALLY A MINI PETRONAS...BESIDE IT CAN DO SERVICES AND CONTRACT, IT HAS ITS OWN MANY OIL FIELDS THAT IS VERY RICH IN DEPOSITS AND CAN CONTRIBUTE STRAIGHT TO SAPNRG BOTTOM LINE AND GROWTH VERY QUICKLY....THRU ANYTIME INCREASING ITS OIL EXTRACTION... VERY QUICKLY IS NOT A PROBLEM
3. IT IS EXPECTED SAPNRG OWN INTERNAL OIL FIELD WORKS CAN CONTRIBUTE AT LEAST RM 4 BILLION OF CONTRACTS TO SAPNRG PA....THATS THE REASONS WHY RAIDER SAYS SAPNRG...ORDER BOOKS IS INCREASING AND GROWING EVERYDAY AND MINUTES, BCOS OF THIS OWN INTERNAL WORKS THAT CAN FLOW IN ANYTIME LOH....!!
THE BOOMING OIL CONDITIONS WILL KICK START SAPNRG RECOVERY FROM BEING A PENNY STOCKS OF RM 0.34 TO ITS RIGHTFUL ORIGINAL POSITION OF A PRECIOUS BLUECHIPS AT RM 3.00 GIVING IT MKT CAP OF RM 70 BILLION LOH...!!
SAPNRG HAVE THE FOLLOWING MOST IMPORTANT ALLIES LOH...!!
1. PETRONAS ...THEY HAS AWARDED THE MOST CONTRACT TO SAPNRG COMPARE TO ANY OTHER OIL & GAS LISTED CO IN MSIA.
2. OMV ITS REPUTABLE JOINT VENTURE PARTNER..THAT INVOLVE WITH HUGE OIL EXTRACTION AND OILFIELD RESERVES ENHANCEMENT ASSETS...THAT WILL INCREASE ITS REVENUE AND REDUCE THE COST OF PER BARREL OF OIL LOH...!!
3.PNB WHICH PROVIDE CORPORATE ADVISORY, FUNDING REQUIREMENT AND GOOD CORPORATE GOVERNANCE, THUS SAFEGUARDING THE MINORITY SHAREHOLDERS.
WITH THIS IN PLACE WE ARE PRETTY SURE & SAFE THAT SAPNRG WILL GROW EXPONENTIALLY AND SUSTAINABLY...THATS WHY RAIDER SAYS ALL OUT SAILANG ON SAPNRG, WHEN IT IS VERY CHEAP MAH....!!
WHICH ONE U PREFER IN YOUR QUEST FOR SUCCESSFUL INVESTMENT WEALTH BUILDING ???
BUY NOW THE SHARE TODAY AND LIMIT UP TOMORROW COMPARE TO BUY THE SHARE TODAY AND UP O.5 SEN TO 2 SEN UP EVERYDAY FOR THE NEXT 200 DAYS LEH ??
RAIDER WOULD CHOSE THE LATTER ?? WHY LEH ??
A} IF U BUY TODAY UP TOMORROW ....YES U MAKE FAST MONIES....BUT CAN U BUILD WEALTH....NOT REALLY LOH...!! 1. IT UP SO FAST DO U HAVE TIME TO BUILD BIG POSITION LEH ? 2. DO U DARE DARE TO BUY BIG BIG...FAST FAST.. WITHOUT INSIDER INFO LEH ?? USUALLY NO NO LOH.....!! 3. THUS LIMIT UP IS ONLY FOR SOONG SOONG PLAY...NOT REALLY SERIOUS MANY MAKING WEALTH BUILDING LOH....!!
B} ON THE OTHER HAND....U SELECTED A GOOD STOCK SLOWLY ACCUMULATE BIG POSITION OVER 3 TO 4 MTHS....U WILL MAKE VERY VERY BIG RETURN LOH...!!
SAPNRG IS THAT KIND OF STOCK THAT WILL MAKE U VERY RICH AS IT GIVE TIME FOR U TO ACCUMULATE LOH....!!
Posted by stockraider > Mar 14, 2019 09:16 PM | Report Abuse X
SAPNRG IS CREEPING UP O.5 TO 2.0 SEN ALMOST EVERYDAY, NOW IT IS UP TO RM 0.35 MAH.....!!
SO HOW LONG MUST U WAIT OR HOW LONG MUST U HOLD THIS VERY UNDERVALUE SAPNRG STOCK LEH ??
TO ANSWER TO THIS QUESTION PLEASE LISTEN TO JON CHIVO LEARNED ADVICE HERE MAH......!!
"Despite the irrationality of their participants, their diversity ensures that they are all irrational in different directions, giving a net effect of zero, allowing the wisdom of crowds to prevail over the long term. This ensures that the market is efficient and accurate most of the time. This means that over the long term, movements in share prices are usually in line with movement in earnings.
However, this diversity can often undergo phase transition, and thus result in boom or bust in the short term. What is a phase transition? This is where small incremental changes in causes lead to large-scale effects, or the “Grand Ah-Whoom!” moment.
What is this Grand Ah-Whoom! moment? Imagine this. Put a tray of water into your freezer and the temperature drops to the threshold of freezing. The water remains a liquid until—ah-whoom—it suddenly turns into ice. Just a small incremental change in temperature leads to a change from liquid to solid.
The Grand Ah-Whoom! moment, occurs in many complex systems where collective behavior emerges from the interaction of its constituent parts. And this includes the behavior of the stock market. In complex systems with human beings like the stock market, diversity is the most likely condition to fail first.
TAKE NOTE OF THIS POINT
As you slowly remove diversity, nothing happens initially. Additional reductions may also have no effect. But at a certain critical point, a small incremental reduction causes the system to change qualitatively."
THIS MEANS U NEED TO HOLD UNTIL INFLEXION POINT WHERE THE VERY UNDERVALUE SAPNRG SHARE WILL BREAKOUT AND EXPLODE LIKE ATOMIC BOOM UPWARDS LOH.....!!
RAIDER SEE THIS NUCLEAR BOOM WILL LIKELY TO EXPLODE SHARPLY UPWARDS SOMEWHERE RM 0.80 AND WITHIN A VERY SHORT PERIOD....WILL TAKE THE SHARE PRICE THRU THE ROOF OF RM 1.00, RM 2.00 AND RM 3.00 LOH....!!
THIS WILL BE DRIVEN BY EARNINGS OF RM 3.0 TO RM 5.0 BILLION PA LOH....!!
really or not stockraider, it's pattern like this that will end up costing all the youngster all their hard earned money lah. I would rather pay RM1,000 attend talk by Philip anyday anytime!
DO U REMEMBER A VERY OLD SAYING THAT FORTUNE FOLLOW THE BRAVE ??
AFTER RAIDER FEED U WITH ALL NAPSHOT INFO ON SAPNRG....U NEED TO BE BRAVE AND SUMMON YOUR COURAGE, TO TAKE STEPS TO BUY SAPNRG KAW KAW B4 TOO LATE..DON FORGET THEY WILL BE MANY MANY THOUSAND OF PEOPLE SLOWLY SUMMONING THEIR OWN COURAGE TO POUNCE ON SAPNRG LOH...!!
JUST REMEMBER...U R VERY LUCKY...TO HAVE RAIDER IN I3 TO ADVICE U AND SHARE THE JOY OF SAPNRG AND ITS FUNDAMENTAL...VERY FAR AHEAD OF THOSE THOUSANDS OF LONELY PEOPLE..TRYING TO SUMMON COURAGE TO INVEST IN SAPNRG LOH....!!
RAIDER CAN ONLY ADVICE U ON THE GOOD THINGS ON SAPNRG....BUT ON COURAGE U NEED TO DEPEND ON YOURSELF...BCOS RAIDER IS NO EXPERT TO HELP U ON COURAGE MAH......!!
REMEMBER TO GO TO ROME...U NEED TO MAKE THE 1ST STEP LOH...!!
I think it may be easier to teach stockraider how to think in lateral terms. If Stockraider is so adept at buying and selling stocks in the short term, I give him a chance to compare the results of his yearly investment against KLCI benchmark.
This is the year on year performance ( share price turn) of the 30 biggest companies in bursa Malaysia, indexed.
In 2017, choivo did 12.2%, but in 2018 he had a total turnaround with -17.95% returns. Of course, if you do benchmarking, the average retirees who put money into the index made money in 2017 and lost money in 2018, so you can say the Jon choivo active management is underperforming retiree passive management.
I wonder what is stoneraider year on year performance like, for him to be so confident and say sapura will be a 70 billion dollar company in 3 years 3 months.
Or does he not keep track of his own investing performance, but same like Calvin tan just spout out whatever stocks he likes, but did not act on anything material?
I believe 2019 will be a good year, but will you outperform the benchmark index?
u understand what is long term investment or not ??
It is buying sapnrg at rm 0.30 & sitting & holding sapnrg longterm at least 3 yrs with long term tp of rm 3.00 mah...!!
Posted by (70B-SAPNRG-3Yrs) Philip > Mar 16, 2019 05:16 PM | Report Abuse
I think it may be easier to teach stockraider how to think in lateral terms. If Stockraider is so adept at buying and selling stocks in the short term, I give him a chance to compare the results of his yearly investment against KLCI benchmark.
This is the year on year performance ( share price turn) of the 30 biggest companies in bursa Malaysia, indexed.
In 2017, choivo did 12.2%, but in 2018 he had a total turnaround with -17.95% returns. Of course, if you do benchmarking, the average retirees who put money into the index made money in 2017 and lost money in 2018, so you can say the Jon choivo active management is underperforming retiree passive management.
I wonder what is stoneraider year on year performance like, for him to be so confident and say sapura will be a 70 billion dollar company in 3 years 3 months.
Or does he not keep track of his own investing performance, but same like Calvin tan just spout out whatever stocks he likes, but did not act on anything material?
I believe 2019 will be a good year, but will you outperform the benchmark index?
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....
Heavenly PUNTER
2,613 posts
Posted by Heavenly PUNTER > 2019-03-13 07:39 | Report Abuse
Still no end, what is going to happen today?