@klee, pisang goreng sifu have bought Gadang since it was below RM2....no matter what, even if he sells now (before bonus issue and share split and bonus warrants), he is making huge money dee.....at the end of the day, nobody can ask you to buy or sell . the decision is ultimately up to you. At the recently concluded AGM, the directors have mentioned that Gadang is for the long term. If you buy at current price, you window to sell should be at the end of FY2017 or 2018. Your money, your call. Don't resort to private attacks. This is what losers do.
really very funny thats alot of ppl look bad gadang yet still want to come and concern gadang,keep spear fearfulness,what is the motive actually? chicken heart investor already been flush out during correction, those balance are true investor will not get into the trap.
Let me share with you my personal experience. I made losses in another counter known as GOB, a company linked to Tan Sri Desmond Lim. The phariah company goreng the shares until RM1.16 and then, let it crash. Thereafter, the company made a cash call at RM 0.50. Now, the company has sold its Batu Kawan land (crown jewel) at RM40 per square feet. That piece of land is "Wong Kam Tei"/ Golden land and is located at the exit of Penang Second link. Batu Kawan will be Penang's first mega city. EcoWorld, Paramount , Mah Sing and numerous other big boys have huge landbank at Batu Kawan . To sell this golden land at RM40 per sqf and making a gain of only RM10 per sqf (book value is RM30/per sqf) a huge insult to the shareholders especially after you have made a cash call. Furthermore, quarter in and quarter out , GOB is making huge losses. Now, the share price is languishing at RM0.30.
so, who should I blame ? I learnt alot from GOB even though it is a bitter pill to swallow. No one likes to cut losses. That is why i never got excited about WCT due to the fact that you can never make a good partnership with a crook. GOB is linked to Tan Sri and the way he destroys shareholders wealth does not make me feel excited over WCT.
also, i learn one very important lesson, that is the entry price is very important - it must be low enough to hedge against three things : - incompetent or dishonest management, - getting the future growth prospects wrong, and - wrong valuation at current market price .
I am happy to report that despite rolling the losses for GOB into Gadang, overall, my entry price is still very low and I am still making profit at the current market price . and the good news is that post share split, bonus issue and bonus warrants, the overall cost will drop and it will provide me an even larger margin of safety.
So, if you can get these three things right and coupled with a low entry price, you have already won 80% of the investors out there.
Just my 2 cents take. With GST, it should be 1.2 cents take.
greatful, im agree with you, when kyy hold gadang everybody seem keep attack him and the stock,isnt that his pull out is a better to this stock? or anyone want to take his pull out as an excuse to attack gadang again? what a logic?
buy sell should depend on individual. listening to others mostly will end up losing even more money. as everyone got different average price, different holding power and different understanding level about the company, we should have different strategy.
He is against his own rule, buy company with better coming profits. When man started to twist the things, better watch out. I never bought Gadang, but it didn't stop me to learn how rich people make money from the stock market.
all bought at highe price now automatically have been officially upgraded to be come long term investor as any price plunge..you will be asking how to sell? pants also gone
About Mr Koon's change in his disposition...Mr Koon likes the long term growth story for Gadang but then, he is not satisfied that current (and future quarters ) EPS may not be better than prior FY2016. However, management's assurance that FY2017's profit may not be worst than FY2016 is sufficient for me.
But from what I saw Koon man actions on other previous down trending stocks, he never hesitated to run away once things did not turn to his favours. He might be too old & couldn't recall back what he had done, including the fact that he needed to report within the timeframe.
But the sense of running away from dangerous had already been planted into his old bones. No successful rich man is stupid. If Koon man is stupid then he won't be what he is today.
I told many ppl many months ago gadang not sustainable! No 9ne listen, just like Told them AirAsia to buy at crazy price....now, wait for suffering for those bought at high!
All books said don't love the stock, it will hurt you. Many great people said don't follow brindly, it will kill you.
Many comments here stated run, sell & down, even it may be still ok to hold (according to some people), the potential investors will surely hesitate to buy or not to buy for so many negative comments here.
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....
pisanggoreng
1,065 posts
Posted by pisanggoreng > 2016-11-06 18:51 | Report Abuse
KYY now ask you to sell now
what say you