When the crack-down comes and it will very likely come suddenly and without warning when it comes, I'll like to see the KSL bangsats try to bribe their way out as Mr Keranda likely did under the previous thieving regime!
Under the old bangsat regime, I have no chance at all of defending against the KSL bangsats. Bangsats will help their own bangsats. But under the new regime, it is likely that I have at least a fighting chance of bringing the KSL bangsats to heal!
It will erupt in 3 years time get ready Rocky...3.00 Share...So just put KSL in Ur freezer n it could been taken private at cheap low price n delisted once you open it...Good Luck to you all!!! I will always be nemesis here haha!
If taken private, the price 1 x book value per share or NTA/share. All KSLS assets including development land will be revalued for this purpose. KSL majority shareholders can only hope to buy up as much as possible before taking private.
There is a law against paying 'peanut' price. Even under the previous regime, this was not possible. Look at takeover of SPLASH. Is at least 1 x book value. The wrangling was over who will pay more - the Selangor or the Federal government.
What is the dirty secret behind this counter? (asking old timers) balance sheet seems too good to be true for the current market cap considering the company is still profitable
I stayed with this company more than 3 years and lost almost everything. Every day I curse KSL and the leaders burn in hell. I bought after they made the promise.
Warren Buffet will like this stock (like I did) but even he would be wrong-footed by its management. Only in Malaysia could this bangsat lying managemnent gets away with literal financial murder. Hopefully the new Finance Minister will buck up the likely dedak-blinded SC.
I don't know if I should run. Three years with this counter. Falling from RM2 to 60 plus cents. Put in a lifesaving and now collecting peanuts. While the directors enjoy luxurious life and reap profits, small investors are paying the price.
I feel bad for you. But i think you may have overpaid somewhat at RM2.
But at this price, its so cheap. My cost is now 0.945. I started at RM1.02, topped up at 0.8. And i think around 0.6 plus i will top up again.
I think you have to decide now whether to buy more or to sell. Eitherway, you will learn something i guess.
Its only 2.4% of portfolio on a cost basis, and 2% on a market basis for me now.
==== novice77 I don't know if I should run. Three years with this counter. Falling from RM2 to 60 plus cents. Put in a lifesaving and now collecting peanuts. While the directors enjoy luxurious life and reap profits, small investors are paying the price. 23/10/2018 16:04
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....
upsidedown119
4,326 posts
Posted by upsidedown119 > 2018-07-27 15:48 | Report Abuse
When the crack-down comes and it will very likely come suddenly and without warning when it comes, I'll like to see the KSL bangsats try to bribe their way out as Mr Keranda likely did under the previous thieving regime!