If you look at Serbadk, they went listed with only one intention. To scam money by cooking up the books. Auditors red-flagged it when it couldn't verified some of the big amount invoices. They sent those audit confirmations to the party involved but couldnt received it back. Address were not right. That's how it all started..
KGB's business is genuine. So far as i can see la. I am monitoring its financial statements every quarterly.
Thanks cgtan2020 and Mr Goh for facts and figures, at least someone is kind of bring out doubts and difference view and u guys kind of counter check and find it is alright to build up your confident to add more and hold longer term ma Imagine if it is no one bring out difference view how would we know whether it is alright to hold long term bro Just take it as a reminder
my friend Jimmy from Miri said Serba has been formed since 27 years ago
Serba expanded too fast and bit out more than it could chew so it has to keep raising and burning cash
as it result it cooked the books to make figures look good and to give pp for monies in order to survive till Kpmg spotted and voiced out and then everything unraveled
For Kgb same caution must apply as prices run ahead of real fundamental
do not chase now
wait till there is real visibility in Receivables turn into real profits
( i ) Netx / 0020 Share shrink from 25 lots into 1 miserable in which the lapsap longkang K on artist of Netx forum for more 20 months __ sold many houses and buy kaw , kaw , kaw into his Netx / 0020 __ as he claimed vehemently he is the * valued investor *
Calvintaneng mentions that he sold 8 houses and buy kaw , kaw , kaw Netx
Before the share consolidation exercise.
In order to attract newbies to follow him , on his chun , chun , chun big buy calls.
2. Scomies / 7045 __ he shouted a sure big buy calls for his chun , chun , chun __ end of the day , barely less than 41 days __ his favorite Scomies / 7045 achieved PN 17 and obviously the Scomies / 7045 ___ managed to be booted out and be delisted.
@sybtu123 on dear... @calvintaneng have you read the latest management update on 29Nov2023? most the job awards name is in there for you to explore, of course not mentioned directly but with photo proof...
3. His another folly , K aki Power but also the new name Reneuco/ 7130 ___ whereby he shouted to load kaw , kaw , kaw at RM 0.83 as after the dust settles ; it will rocket to RM 1.00 AND ABOVE .
THE INVESTMENT APPROACH OF CALVIN TAN KPOWER : Some Takeaways after One to One Talk with Kpower Management Today (July 12 2021)
Calvin Tan Research
calvintaneng Publish date: Mon, 12 Jul 2021, 11:16 PM Dear Friends & Investors of i3 Forum
Today I had a one to one talk with the Management of Kpower
And these are some takeaways:
1) KPower is into Renewal Energy like Mini Hydro Power, Solar and Others.
2) In USA, Janet Yellen has told Banks not to finance fossil fuel companies as the pivot is into Renewable Green Energy
8) Since the future is bright in renewable energy & the fundamental is strong this is the time to buy Kpower while cheap at RM 0.83 to buy kaw , kaw , kaw and K Power will rocket to above RM 1.00
9) Calvin thinks after the noise & dust are settled Kpower should rise up to Rm1.00 chun , chun , chun
From there it will continue to move higher and higher as more and more people discover its potential in the Renewable Energy Sphere which is the Future of Clean Green Energy due to climate change
Ya ya so far in this forum the so called truth from you were..kgb was a falling knife when it dropped to 1.8 plus....china slowdown will drag kgb business down...high receivables which had been explained in detail by bod....in summary,your half baked truth is not worth a sen.
@calvintaneng, you talk about receivables like its the plague, then how do you explain Rcecap's humongous receivables and borrowings?? How can such a good company have such high receivables and borrowings??
I do not like to see anyone simply badmouth the stock without real facts and figures. A true fact is a fact, everyone knows the fact well because all know to read the company financial report. Do not twist the facts to suit you, to me it is a cheating.
KGB Borrowings = 218,409 Cash & Securities = 220,855 Net debt = -2,446 To me, KGB is a net cash company. Even YTLPower is not a net cash company.
A net cash company is a good managed company, do not tell me the cash is not growing in the last few years. The company uses the cash to grow the company. I do not want a company with a lot of cash, the business is not growing. Then the stock is not a growth stock. I will not buy this type of stock even the cash in the bank is very high.
Do not simply talk that everyone here is not good, do not know to read the company financial report. I believe we are equally competent to make a lot of money in KLSE. We talk with facts and figures, we do not tell lies to "cheat". I am very disappointed with all bullshit arguments without facts and figures.
Posted by calvintaneng > 3 hours ago | Report Abuse Then you all should go tell Auditors to do these 1. Verify all the Jobs Awarded whether these are reliable entities 2. Do a thorough break down of all Receivables in a case by case study which ones have been 100% received within 30 days 60 days , 90 days, 120 days or 180 days or over 365 days Auditors who failed to do due diligence are also out there -------------------- All aforesaid statements are bullshit here, a small investor here is better than the auditors. Auditors know their jobs better than any small investor here. Do not twist the facts here to suit your argument.
Someone called me up to arrange a meeting with the Board Of Directors of KGB. I agreed to attend the meeting with the Board Of Directors of KGB. I want to verify with the Board Of Directors, someone here is telling lies or not.
No point arguing with this fella, he has a warped understanding of cashflow and receivables. But his badmouthing has some benefits, the share price hasn't skyrocketed yet. Otherwise I believe it would be at least 30-40% higher than current price
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....
gohkimhock
3,030 posts
Posted by gohkimhock > 2024-01-02 17:20 | Report Abuse
If you look at Serbadk, they went listed with only one intention. To scam money by cooking up the books. Auditors red-flagged it when it couldn't verified some of the big amount invoices. They sent those audit confirmations to the party involved but couldnt received it back. Address were not right. That's how it all started..
KGB's business is genuine. So far as i can see la. I am monitoring its financial statements every quarterly.