kikikikiki... BJ Con wont make me excited anymore while i bet heavily out of malaysia... It is just to support Tan Sri only...kikikikiki...with earning of few cups of the STARPUB kopi money... kikikikikiki
For long term, if u dun calculate too much on the div or u may treat BJ Con like "properties".. perhaps it is good time to accumulate Bj Con at this point for holding periods within 3 to 5 years...
This is second round 1 sen profit after sold at 48-48.5sen in the first round to realize more than 5sen profit already. Will continue practice to buyback on weakness.
Last friday BJ Corp closed at 44 cents. On the good news of almost 20 cents gain BJ corp opened up to a high of 49 cents. For the week the highest was 49 cents & lowest at 43.5 cents.
It closed today at 45.5 cents - up a mere 3.4% in spite of such good results.
What are the lessons here?
1) The Power of Suasion has limited impact on a doubting crowd.
I have come here to tell frankly the salient points of BJ Corp. The market think otherwise. So persuasion plays a small part only. In fact other misguided souls have called me names. While a few are grateful. Prices moved up on monday and weakened till yesterday before rebounding today.
2) Our friend hng33 have sold into strength and made some profits. He already saw the good coming result and bought before the news. So he is wise to sell on news. The adage, "Buy on rumour and sell on news apply here very aptly for hng33. Hng33 is a smart trader.
3) So it is also unwise to chase at good news. For those who bought near the peak of 49 cents should be careful not to buy "On Good News"' Better miss the boat than to chase a running train. But all is not loss. If you keep BJ Corp longer term you should do well. Sorry for those who join us for a fast punt.
4) Some have questioned why BJ Corp in spite of its excellent results only moved up 1.5 cents for the week while other penny stocks are jumping up and up?
Answer.
This shows that Bursa is mostly filled with speculators, day traders, momentum traders, gamblers, syndicated plays & all chasing for the "hot stocks" of the moment.
Take VSolar or Fast Track Solution for example. Its results showed a lost & NTA has even dropped to only 5 cents. Doesn't matter at all. The maddening crowd has chased it from 15 cents to over 30 cents - more than 100% up without fundamental. Why like this? Well, there are 2 markets here. One is for genuine long term fundamental investing. Another is for gambling like the casino in Genting.
5) So Here We Are. Fundamentally sound stocks are not the criteria for investing for most. What moves by the hour, the minute or the second counts. 80% to 90% don't buy and hold long term. And so what will all these lead to?
6) THERE IS GREAT OPPORTUNITY TO VALUE HUNTERS SINCE FEW PEOPLE ARE INTERESTED IN VALUE.
Ha! This experiment only confirm my belief that there Is Vast Room in Malaysia for Value Investing. Because the Crowd, The Media & Most of the Analysts Do Not Focus on Value Stocks.
7) THANK YOU VERY MUCH FOR READING. You may chose to agree or disagree. Which camp you chose will determine your future success. To All Value Investors I say, "Welcome to a lonely road". This path that you take is so dull, unpopular & shun by the maddening crowd. To all others, "Good luck with your gambling skill!"
The management has never specifically stated its dividen policy but has been dishing out 1c fairly consistently yearly. They had given out more before when earnings were better, so you can't totally discount getting a special treatment this year yet.
In fact, i consider that the corp has done exceedingly well, first surviving the Asian Financial Crisis, and since then holding a mishmash of non-matching businesses traversing many fields together despite immense difficulties. Today, value is emerging again by and by due in particular to corporate moves and compounding capital appreciation of landed assets. Those are just paper shuffling and passing time.
More enhancement of value can be achieved even without need to take on new risks but by simply disposing off non-performing operations lacking prospects, and having a simplified company structure so that reports are easily comprehended by investors. There are plenty of horses in the many stables already.
I am sure it will be productive to concentrate on improving image and promoting to funds as well occasionally while navigating the never ending growth path that the management has been doing. Unless that is purposely left for a later time when the empire stops expanding.
This is obviously not a counter for day traders or very short term contrarians. It may be tradable for a stockist who wants to take advantage knee-jerk price movements.
I have called to ask about their dividend policy and was told that there is no dividend policy. No stock market can avoid day traders or contrarians. They will always be there. These are not the people that caused the share price from moving up. It is more than that.
From last week trend, it's shown that the stock had been overbought and about to reverse to upward trend. Fundamentally it's still cheap, but the trust & respect to this stock is suspicious, many shareholders had bad experience. The board and management didn't hold principles and consistent with policy that can benefits general shareholders that can be trusted. No respects to shareholders.
Dare not predict which counter will generates handsome gains ... do your own analysis & listen to the views of all the various sifu ! There are still a number of good counters out there but bjcorp is definately not one of them ... best of luck in your selections !!!
kikikikikiki!!!!!grocery shopping yesterday!!!!gardenia roti price increase!!!!chicken increase!!!!!kikikikikikiki!!!!where are sor chai hng33 say gst give savings to consumer 10%-6%=savings!!!!!kikikikikiki!!!!
i told u so!!!!!!production cost increase for business!!!!!kikikikikiki!!!!!remember what non-claimable is extra costs to business!!!!!kikikikikiki!!!!remember this tt101 sor chai!!!!kikikiki!!!!
the biggest 6% gst non claimable to hit bjcorpse is.......!!!!!kikikikikiki!!!!!!
kikikiki!!!!remember salient points to sell bjcorp!!!!!kikiki!!!good thing must be share frequently!!!!!!kikikikiki!!!!!
1.goreng stock 2.no fundamentals 3.no revalue asset because of tax 4.tan sri is not fool to revalue 5.too many unprofitable business in bjcorpse 6.gst shock to retailer business 7.hidden debt 8.huge volume share spread 9.too many frustrated seller on 41,41.5,42,42.5,43 cent 10.certified stagnant until 2026 11.opportunity cost getting expensive the longer you hold 12.bjcorpse wont give generous dividend to shareholder 13.certified value trap 14.denial is dangerous.dont believe and make story when you holding paper loss
go and check the new auto price, up or down? price up why, price down why? hahaha, self claim accountant but don't know the real impact. which level accountant? may be pluto accountant is much differ.....
day before 31 March 2015, people make a long q in hypermarket to sweep all kind of goods to keep in their store. People trust to the self call accountant, price won't drop. The Hypermarket boss also take the opportunity, price keep in normal level, 1 sen discount also takle.
All racks are almost empty on 31 March 2015. Hypermarket boss and all people are happy.
Say item A sold RM1-00 on the last few days before GST.
time tit tot tit tot passed.
Since people already kept item A as stock, nobody inquire and purchase in the following 1 to 2 months.
Businessman still is a businessman, they need goods move to make its cash move.
How?
Offer lol, 10% off, Item A now with new price tag RM0-90. What will happen?
Those who buy this item must have GST le.
See the calculation, RM0-90 x 1.06 = RM0-954.
Ow why the price with GST is more cheaper? @*$#@!#%*
kikikikiki!!!!t101 sor chai here!!!!kikikikikiki!!!from theory google textbook simple model apply on business!!!!!kikikikikiki!!!!tt101 sor chai still belum answer my question!!!!kikikikikiki
how to apply gst to bjcorpse!!!!!kikikikikiki!!!!can name the "criteria you know"!!!!!kikikikiki!!!i copy and paste again your "shame" when i want!!!!!kikikikiki!!!!!
kikikiki!!!!!do you even know what so wrong with below statement!!!!kikikikikiki!!!!!guess everyone before i reveal answer and shame tt101 sor chai!!!!
start now!!!!!kikikikki!!!!
Posted by tt101 > Apr 6, 2015 09:35 AM | Report Abuse
tell you a funny story.
day before 31 March 2015, people make a long q in hypermarket to sweep all kind of goods to keep in their store. People trust to the self call accountant, price won't drop. The Hypermarket boss also take the opportunity, price keep in normal level, 1 sen discount also takle.
All racks are almost empty on 31 March 2015. Hypermarket boss and all people are happy.
Say item A sold RM1-00 on the last few days before GST.
time tit tot tit tot passed.
Since people already kept item A as stock, nobody inquire and purchase in the following 1 to 2 months.
Businessman still is a businessman, they need goods move to make its cash move.
How?
Offer lol, 10% off, Item A now with new price tag RM0-90. What will happen?
Those who buy this item must have GST le.
See the calculation, RM0-90 x 1.06 = RM0-954.
Ow why the price with GST is more cheaper? @*$#@!#%*
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
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....
tt101
1,298 posts
Posted by tt101 > 2015-04-03 11:22 | Report Abuse
don't fight with the tycoon, just follow will do.