What is proprietary day trader? Day trading firms allow traders to trade with a pool of capital rather than their own money and receive a cut of the profit. These are known as "proprietary trading" or "prop" firms, and working for one can be a lucrative career.
Bullballs, no. The announcement clarified that the CPs (condition precedents) were either met or waived. The announcement stated only part of the whole land consideration
I’d like Bursa to question TSH the specifics regarding the use of the word “waived” in the announcement…
Anthony, it stated "the receipt of the balance disposal consideration in respect of the Identified Mangkupadi Land from the Buyers." So, how much money did they receive?
What is proprietary day trader? Day trading firms allow traders to trade with a pool of capital rather than their own money and receive a cut of the profit. These are known as "proprietary trading" or "prop" firms, and working for one can be a lucrative career. 09/08/2022 4:40 PM
Bullballs, I don’t know. That “Mangkupadi” land is part of the overall land sale
Don’t worry too much about this. Like I said, I’m more interested the word “waived” in the announcement. Likely some hand shaking happened. If so, as long as legal, it’s ok coz it means both parties really want the entire deal to conclude
hahaha..we do what we know well.. its ok margin or cash..
anthonytkh Pak, also, just to clarify… I’m a small time retailer but I’m also kinda like halfway between a cash account and a margin account… 09/08/2022 4:48 PM
tut tut we all small fish only.. unite we be orga shadow..
The CPs (condition precedents) need to be 'fulfilled or waived'.
Since the Mangkupadi land parcels have all been successfully converted from HGU to HGB, the CPs have been fulfilled. The question on waiver has become nugatory.
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Hak Guna Bangunan ("HGB") no. 00003 (changed from HGB no. 00001); HGB no. 00004 (changed from HGB no. 00002); HGB no. 01 (converted from Hak Guna Usaha ("HGU") no. 37); and HGB no. 02 (converted from HGU no. 38).
This stock been cornered by syndicate . So wait for price stabilise before any purchase . Nvr chase it . Plus this is one of hot counter in bursa . Normally hot counter more dangerous .
Nugatory is an escape route for many companies. Even a “I don’t know nuts” reply by a PLC regarding a Bursa enquiry on Limit Up or Limit Down is “nugatory” in the broad sense of the word
Look PSA, I’m still holding. I just want clarification based on my experience. You’re obviously losing money on TSH. It’s obvious. That’s NOT ok, I get you, I really hope TSH share price gets back to at least 1.20 before the end of this month and I hope you can hold on, just like me
But your exposure shows you out. I’m not like several of the folks here…
The sale of Bulugan lands was supposed to be completed by 1st qtr of 2023. But President Jokowi officially started Dev in East Kalimantan on Aug 2022 which is this month
So they hastened the land matters and more than 2/3 now completed with Cash payment received
The total profit should be 31 sen and since 2/3 is completed we can assume a profit of 22 sen (more or less to be included in Nov 2022 results. Balance of 9 sen profit will be reported in Nov 2022 as well if sale can be completed by Sept 30 2022 or else will be staggered into latest qtr
This staggered results also happen in Sabah 2 palm oil estates and mill sale of rm248 mil with 7.56 sen profit
Still got about 3.99 sen profit to be included in this month results
“Further to our previous announcements dated (dates and dates and dates) The Company would like to provide additional information on our announcement referencing GA1-09082022-00017. Please refer to the attached document”
I fully expect some announcement like this tmrw. I want confirmation of legal hand shakes, if such a thing happened
"Condition precedents has been fulfilled or waived". It is announced by RHB Investment Bank, a third party, not BODs themselves, so I don't think minority shareholders like me should worry about.
As at the LPD when the 07 Jun 2022 circular was issued, TSH's - total interest-bearing borrowings amounted to approximately RM872.12 million - total cash and bank balances of approximately RM261.48 million - net interest-bearing borrowings amounted to approximately RM610.64 million
When RM550 million - part of the proceeds from the RM731 million Bulungan land sale - is used to pay down the interest-bearing borrowings, there will be an interest cost savings of approximately RM18.76 million per annum.
More importantly, TSH's net interest bearing borrowings will be just RM60.64 million ( RM610.64M - RM550M ) when RM550 million of borrowings reduced.
--->>> TSH just need to have a profit exceeding RM61 million from its Q2 2022 palm oil business to become a net cash company
So you are sure TSH will use that amount to reduce borrowings? I doubt it. I even doubt TSH needs, or wants, to be a “net cash” company. It wouldn’t make sense to me
Ok, enuff. Time to hit the sack and dream (think…? is it dreaming considered thinking…?) about my meeting with a Dato of a PLC tmrw… nite nite all and hope yall had a good day today
Haha RM 550 million is allocated to pay Loan n Borrowing … with Time Period ( eg : within 24 months ) is indicated … n to be reported on the proceeding ….
The Chronology of Events 2 WhatsApp calls on 15 June 2022 from his handphone number 014 _ _ _ 1668 at
( i ) 6.00 pm, 15 June 2022 Duration of call: 10 minutes , 26 seconds 2.7 MB
( ii ) 8.04 pm, 15 June 2022 1 minute , 39 seconds 401 kB
//////////////////////////////////////////////////////First WhatsApp call at 6.00 pm., 15 June 2022 Duration of call : 10 minutes , 26 seconds .
This first call is so long ( 10 minutes , 26 ) _ not just to wish with kaw, kaw , kaw _ good evening ___good evening ___good evening
Upon receiving Prof Kevin call , SEE_RESEARCH was driving in the busy road BUT HAD TO STOP THE CAR AND FOUND A PLACE TO HIDE UNDER THE SHADE OF A TREE BECAUSE AT THE SUNSET , THE SUN RAY WAS GLARING AS TO LISTEN TO HIS FAIRY TALE.
3. Your first call at 6.00pm, 15 June 2022 was a long call of 10 minutes, 26 seconds.
Prof Kevin : Pls accept my apology on the i3 blog headlines on bad , untrue post on you __ I shall remove the post by instant removal in i3 blog headlines immediately.
SEE_ RESEARCH: Fine. What are your 3 primary reasons for initiating this call?
Prof Kevin : Firstly, my sincere apologies to you.
Secondly, I fear that the Plantation stocks in KLSE _ with my long list of 10 stocks are down badly . The losses are now over RM1,000,000.00 and it’s bleeding everywhere.
Third, even with the huge losses __ my purpose is still with me; it’s to evangelize the gospel and win souls for God.
To catch attention as Christian community, one of the most important love for God is to win souls into his kingdom.
That is my main purpose is to be Part time Pastor.
Prof Kevin reiterated that he will stop postings in TSH as TSH forum is the most view for plantation stocks _ in KLSE and also among the 10 plantation stocks in KLSE __ the heaviest weightage is TSH, from my average buying prices around RM 1.72 , already down as at 15 June 2022 / at the band RM 1.22 / RM 1.23 / down by RM 0.50 ; it is very frightening _ ! it is very frightening ___! it is very frightening _______!
Haha is also wandering will be a Net Cash company ??? From latest QR , Total payables is more than Total Receivables …
And - total interest-bearing borrowings amounted to approximately RM872.12 million - total cash and bank balances of approximately RM261.48 million - net interest-bearing borrowings amounted to approximately RM610.64 million : How much is reserved for Routine Operation Expenses ? And How much is deposited as Collateral ??
SEE_ RESEARCH: WHY DO YOU ISSUED OUT ON YOUR RECENT BLOG POST OF 8 APRIL 2022 IN YOUR 2 HIGH TARGET PRICES __ ( i ) RM 10.00 / blue chip status
( ii ) RM 150.00 / to surpass Nestle
Prof Kevin: That blog post that is issued on the 8 April 2022 is to catch the over greed investors of KLSE and hopefully we / Eagle Group members can offload with huge gains and the Eagle Group members will acknowledge my leaderships.
SEE_ RESEARCH: DO YOU KNOW HOW TO CALCULATE BY YOUR SINGAPORE CALCULATOR __ THAT MUST MORE 20 DIGITS TSH
RM 10.00 / blue chip status ( i ) on its total market capitalisation _
RM __
RM 150.00 / to surpass the top blue chip price of Nestle ( ii ) on its total market capitalisation RM _?
That on the market capitalisation _ not so important , I also do not have the modern calculator for such sophisticated calculation . When the readers get over excited and thus caused on its over exuberance , they will be sucked in together like the vacuum cleaner.
Like me , honestly I did not exit at peak prices because of my over excitement that cause OVER EXUBERANCE ON PLANTATION STOCKS, for TSH _ my target price RM __ is above RM 4.00 . That is the actual reason , I was caught too and bought a lot of my Eagle members being caught at the high penthouse prices as I _ as a leader
has to show some traces of remarkable bravery not to exit on the its prices.
SEE_ RESEARCH: wish you well and keep on your words of not simply postings all types of your rubbish of fairy tales bum bees , Bulugan forest tale , Kuntai land tale , etc
///////////////////////////////////////////////////// Result A. Prof Kevin kept to his promise SUPERFICIALLY ONLY by disappearing for two days in 16 , 17 June 2022 inside TSH forum __ no post again ( very honourable; )
IN FACT , MANY READERS WERE REALLY SURPRISED ON HIS MIA ( missing in action __ for two days , all kinds of negative comments came to heap on Prof Kevin
even pronoucing his demise , death but it was skoh888 and SEE_RESEARCH CAME TO HIS RESCUE HIS BACK by urging the TSH community to stop with such strong remark as death , remember skoh888 __?
BUT AFTER 18 , 19 , 20 JUNE 2022 , THEY HE GOES AGAIN IN HIS BULUGAN FOREST STORIES WEARING AND PARADING WITH LONG HEAVY NECKLACE THAT ONCE WERE PRECIOUS STONES NOW TURNED TO BE WORTHLESS PEBBLES THAT ARE FOUND PLENTY IN THE BULUGAN FOREST.
================================= Remarks
On Prof Kevin _ second call to be continued _ ? ?? ???
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....
SEE_Research
4,625 posts
Posted by SEE_Research > 2022-08-09 16:36 | Report Abuse
To : Prof Kevin From : SEE_RESEARCH AS AT 4.30 PM., 9 AUGUST 2022 1. NO SHAME ON YOU NO SHAME ON YOU NO SHAME ON YOU