@Frank Soweto. Let's call a truce. We all make our contribution here. And there is no point taking my remarks at other forums out of context. As I was hinting, remarks are to be seen and interpreted in the context where they were made. I made my remarks to caution my fellow investors at Koon's nearly irrational exuberance both in touting his counters and his political ideas. You can be boorishly black and white in your expressions as well as very linear in your thinking. I think in inductive terms and have learnt that in this world of often irrational contradictions, to hold two or more contradictory 'facts' in my mind without having to rationalise them. My reference to 'colon' is an elegant but admittedly pungent (a Churchillian expression) way of telling the person that he is making spurious remarks. Most (the barbaric type) will make reference to another organ further down the colon to express their distaste! I don't think we can ever agree 100%. But that's the strength of mankind! Peace, friend.
jtiasa is overprice based on the latest results. The earnings per share for 2 quarters is abt 4 sens. Multiply that by 2 remaining quarters will give u 8 sens for the year. At current price of 2.50, it is trading at a PE of 30+ times.
Again. I prefer to compare with TAAN. TAAN achieved EPS 8.25 cents with the share price higher than Jtiasa by 64%. In average, EPS of TAAN is much higher than Jtiasa. Why Jtiasa has been under performed in its plantation segment? It's most likely due to inefficiency in its operations. 30% CAG is rather unrealistic for the next 5 years.
Why argue,......show facts.......uncle is in a proven position. A proven investor...u r either in the position to proof him wrong with fact or calling a bluff...... If it's the latter, stand you ground and go on that direction .."..easier for me to see ur value....
Icon8888. I tried to find out something new by thinking from the both sides. Be positive by sweeping dust under carpet or be opposite of positive . Wakaaaa
I got few lots only at cheaper price. As you know, the price of share is mostly depend on demand created by big players in the market. He can stir up the prices to certain extend.
Uncle is very powerful one. He can dictate the share price up or down. The best is we follow without a question. Must fully believe in him then you can make a lot of money. All our analysis of the company is crap.
Uncle Koon's call for jtiasa made sense (kind of) as the asset got chance to grow (maturing trees mah). However, the catch is that it is going to take two to three years to see the results. As I predcited in one of my earlier post, Jtiasa due to a lot of trees are immatured, it will miss out the CPO run up in these two years. The end result is that you will see CPO price keep running (let's say it run lah), and quarter after quarter over next two years, you will only see earnings increase relatively slowly. So that is the pain
The question now you need to ask yourself is whether you want to be a bystander when CPO runs wild ? If you want, then buy jtiasa
i have also recommended innoprise, which has similar age profile as jtiasa. So if my reasoning for jtiasa is correct (their inability to benefit from existing CPO bull run), then why am I recommending innoporise ?
The major difference is becasue inno's EV per ha is about RM25,000 whereas Jtiasa is RM45,000 (not really undervalued, if you ask me).
That is why I always said that Uncle's recommendation makes sense (a little bit), but dont take it that it is a no brainer to buy jtiasa. if you do an objective analysis of the stock, you will realize that it has certain shortcomings
but of course innoprise is super small cap and hence very illiquid. I also dont dare to ask people to buy. But I am small fly, can nibble a few lots loh
big guys like uncle cannot buy innorpise as it is impossible for him to collect a menaingful stake
i am different from uncle, i dont need to go out there and write 10 posts to promote innoprise. Unlike jtiasa, inno is GENUINELY undervalued. So no need to run around and do the hard work of promoting (ha ha a bit of promoting here, I admit)
that is the beauty of buying a genuinely undervalued stock.
This is the best financial results I have ever seen over the past 6 quarters. EPS 2.05 or up by 0.08 cents comparing to 1.97 cents for immediate preceding quarter. Palm Oil segment has contributed profit 13 million or growth by 30%. Its future prospect is fantastic because its FFB production would grow by 30% CAGR for the next 5 years ( according to uncle, historical data can't lie ).
Opposite of positive comments: I can't believe it. How come Jtiasa plantation segment contributed profit 13 million with 270,000MT of FFB production in last quarter? You know, TAAN achieved profit 23 million from its plantation unit with FFB production of 188,000MT. Is it Jtiasa peat land require more fertilizer for the mature area? Higher transportation or low CPO yield due to lack of proper infrastructure?
pl note the reason why JT is a long term buy is that one must understand the plantation accounting treatment of earnings. Jt has a lot of young newly matured areas. These areas contribute the FFB but based on the last Q CPO price, it is not enough to cover costs. furthermore there were a lot of capex in the form of oil mills which are not running on optimum capacity but are being depreciated.
When the young mature areas reached the breakeven point profit for JT will fly besides depreciation shared out over a larger crop harvest. This will only appears in 2-3 years time.
It is a repeat of MKH. Pl check MKh 2 years ago on its plantation and price.
I understand the accounting treatment of plantation earnings. Your assumptions are wrong for both OP plantations and POM. If there are enough interest expressed, I will explain. I don't want to bore the forum here.
JTiasa seems like an old man stock - a bit of exertion and stamina's gone! But I have seen healthy old men running up the mountain with ease! Hope Koon is like these healthy old men!
salute mr. koon. This share is slowly inching up everyday. Those who bought, congrats. Easily make 25% within 6 months. How high can this stk go? Only Mr.koon will know. :)
JT more than 25% increase, profit out already, switch to uncle koon's next company Mudajaya.....better short term play. India already on operation, money coming in.......huat ah
sibu based entrepreneur, not worth for long run buying, short-run scalping is positive. the company and brokers are manipulating the price. they feed its employees and bosses only. trust me
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Posted by upsidedown119 > 2014-02-25 10:48 | Report Abuse
@Frank Soweto. Let's call a truce. We all make our contribution here. And there is no point taking my remarks at other forums out of context. As I was hinting, remarks are to be seen and interpreted in the context where they were made. I made my remarks to caution my fellow investors at Koon's nearly irrational exuberance both in touting his counters and his political ideas. You can be boorishly black and white in your expressions as well as very linear in your thinking. I think in inductive terms and have learnt that in this world of often irrational contradictions, to hold two or more contradictory 'facts' in my mind without having to rationalise them. My reference to 'colon' is an elegant but admittedly pungent (a Churchillian expression) way of telling the person that he is making spurious remarks. Most (the barbaric type) will make reference to another organ further down the colon to express their distaste! I don't think we can ever agree 100%. But that's the strength of mankind! Peace, friend.