Posted by newbtrader > 2018-03-15 12:45 | Report Abuse

Calvin tan, again your source?

Posted by Jona0724 > 2018-03-15 12:47 | Report Abuse

KYY counter all kena attack, BM geng

Posted by calvintaneng > 2018-03-15 12:50 | Report Abuse

Jona

No lah!

It is not due to BN attack.

It is due to wrong business model of Sendai working for No Cash Payment but IOU after IOU

In good times Payment reception is ok

In bad time like now got many defaults!

So Sendai is insolvent

For Jaks it was wrong to buy Cyclicals at Peak Prices

Posted by Jona0724 > 2018-03-15 12:52 | Report Abuse

haha. maybe he's too old and blink, all of his counter diving

Posted by calvintaneng > 2018-03-15 12:55 | Report Abuse

Posted by newbtrader > Mar 15, 2018 12:45 PM | Report Abuse

Calvin tan, again your source?

SOURCE IS EASY LAH

GO ASK ANY GOOD AUDITOR

CHECK UP THE RECEIVABLES OF SENDAI

HOW MANY OWINGS ARE PAST DUE 30 DAYS, 60 DAYS, 90 DAYS or 120 DAYS

AFTER ONE FULL YEAR STILL NO PAYMENT IT SHOULD BE DELINQUENT DEBTS

AFTER 2 OR MORE YEARS THEY SHOULD BE WRITTEN OFF AS BAD DEBTS UNCOLLECTIBLE

STRIPPING OFF ALL FAKE AND FALSE ACCOUNTING ONLY THEN YOU WILL SEE THE TRUE STATUS OF SENDAI

OR ELSE SENDAI WILL FOLLOW THE EXAMPLE OF MEGAN MEDIA

FOR MEGAN MEDIA SO MANY LOST EVERYTHING. EVEN CARELESS ACCOUNTANTS & REMISIERS WHO DID NOT CHECK PROPERLY

Posted by Beerbeer88 > 2018-03-15 13:02 | Report Abuse

Cut loss better than holding a toilet paper

Posted by calvintaneng > 2018-03-15 13:24 | Report Abuse

Toilet paper?

Hmmm?

I went to take another look at Sendai last quarter accounts

Th horror of it all

1) Receivables ballooned to Rm1.7 Billions
2) Borrowings Rm1.1 Billions

Total is Rm2.8 Billions (IOU still past Due & Borrowings)

3) CASH POSITION DROPPED FROM Rm337 Millions to Only Rm159 millions (Less by more than 50%?)

4) Real earnings only Rm91 millions (how come realised earning so dismal? All these years?)

5) FINALLY THE HORROR OF ALL HORRORS?

30. Auditors’ Report on Preceding Annual Financial Statements
The auditors’ report on the financial statements for the year ended 31 December 2016 was not
qualified.

EVEN SENDAI AUDITORS REFUSED TO QUALIFY ACCOUNTS AS TRUE AND BONA FIDE?

WHAT A SHAM!!!

Posted by Beerbeer88 > 2018-03-15 13:58 | Report Abuse

No sound more like a scam paper

Posted by somchik > 2018-03-21 10:11 | Report Abuse

gua sulah caaakap any bisnis dealing with itu alab sure goyang punya .. kaki tipu . banyak songgeh dia bikin kasi susah sampai banklap ho ...

Posted by somchik > 2018-03-21 10:15 | Report Abuse

apa jadi pada zelan , dulu awc pun kena, sime darby 600 million hanguih, byk lagi malaysia company kena sengat ho.. cilakak punya alab... itu gaji bawak api kereta pun sudah 6 bulan talak bayo ho ..

Posted by qqq3 > 2018-03-21 10:20 | Report Abuse

Sendai.....revenue for 2017 $ 1.8 billion. eps 2017 11 sen.

Balance Sheet shows Amount due from customers under contract $1 billion ( 2016 $ 1 billion)
Trade receivables $ 600,000 ( 2016 $ 600,000)

No change , and no increase.

If KC/ Calvin wants to do a micro analysis and find reasons to worry....go ahead, no body stops you.....there are after all, another 1,000 companies out there.

ps.....By the time the balance Sheet has been cleaned up, I would be enjoying my rewards already.


ps...if you find companies where there are no more Amounts due from customers, its probably because no more customers.

ps...a significant portion of the Amount Due from customer is work done on 2 oil rigs to be delivered to customers ( related party) in 2018.......

rather than why not Sendai....there is the other side of the coin which is Why Sendai?

This is a genuine home grown multi national steel fabricator and contractor involved in many of the most iconic structures across Asia.

A rags to riches story, a successful story that serves as great example to all Malaysians.

Posted by qqq3 > 2018-03-21 10:20 | Report Abuse

https://klse.i3investor.com/servlets/forum/600151263.jsp

Posted by tslee > 2018-03-21 10:24 | Report Abuse

I am wondering why calvin so actively defaming sendai even though he did not own this counter. I can think of few reasons:
1) He want everyone to sell so that he buy from bottom.
2) Previously he got burnt by this sendai
3) Good guy calvin want to save us all from KYY

Posted by andr > 2018-03-21 11:10 | Report Abuse

4 days after calvintaneng said all the bad things, sendai bounced today, to my horror.

Posted by ivan9511 > 2018-03-21 16:04 | Report Abuse

Sendai sure limit uppppppppp
Got big fish inside
A very famous company in the world
Seem going back 90sen
Easy money
Congratulation

Posted by kamcheonghui > 2018-03-21 16:28 | Report Abuse

Not so easy money because too much bad mouth on this company.

Posted by kamcheonghui > 2018-03-22 11:04 | Report Abuse

Only one day show due to Tan Sri not active and other supporters no confident on this counter

Posted by Lim Beng Teik > 2018-03-22 13:26 | Report Abuse

http://www.klsescreener.com/v2/news/view/356869 Sendai yesterday launching 1st liftboat at UAE

Posted by kamcheonghui > 2018-03-22 15:14 | Report Abuse

Thanks Lim B.T. for the sharing information and the strong supporter like KYY will help to push the share price with Tan Sri hard work

Posted by lengleng legend > 2018-03-22 19:43 | Report Abuse

when the share price is rising, everyone is chasing but when the share price is falling, everyone comes out to condemn it... Sendai is a very good example... those who come out attacking it are no better than the one who keeps on promoting it....

Posted by Lim Beng Teik > 2018-03-23 07:03 | Report Abuse

Today sure alot will come out condemn again

Posted by minher > 2018-03-23 10:36 | Report Abuse

Sendai win multi billion dollar project ?

Posted by nich0las > 2018-03-23 10:46 | Report Abuse

Wah! 0.80 loh, What news?

Posted by saufi74 > 2018-03-23 11:17 | Report Abuse

Sold sendai @ 0.80..cheers..

Posted by moneykj > 2018-03-23 11:49 | Report Abuse

Lol...The more kc write bad about it, the higher the price. Write more pls kc.

Posted by moneykj > 2018-03-23 12:01 | Report Abuse

Terbalik king Calvin also. Story teller always is story teller.
Calvin challenge Sendai with Binapuri when both at 0.50 end of 2016. What's Binapuri price now? Lol
They can come out with many theories about share but when in real battle, you can see their theories really can pakai or not.

Posted by saufi74 > 2018-03-23 12:12 | Report Abuse

When Calvin said sell sendai..its time to buy..i never follow him..always against him..then can make money..cheers..

Posted by drfahmi06 > 2018-03-23 12:17 | Report Abuse

I covered this gems on my FB page then its drop like hell still hold my position as I did cross cek with fibo for daily chart which I will update later. Now its paid off..hope turn over for the company. News drive the share price...all the best to us.

https://www.facebook.com/gilesaham/posts/945225512314177

Posted by drfahmi06 > 2018-03-23 12:21 | Report Abuse

http://www.theedgemarkets.com/article/eversendai-says-confident-high-demand-first-liftboat

lets see if this wait pay off in future..

Posted by qqq3 > 2018-03-23 12:21 | Report Abuse

moneykj > Mar 23, 2018 11:49 AM | Report Abuse

Lol...The more kc write bad about it, the higher the price. Write more pls kc.
================================================

one time is called luck...

kc did that several times and each time I made money....please continue, kc.....

Posted by ivan9511 > 2018-03-23 13:29 | Report Abuse

Yes as i said last commentncomfirm up
Now paper profit 20%.consider take profitv change to malakof
Thanks sendai easy money yes

Posted by minher > 2018-03-23 15:07 | Report Abuse

Sendai will announce super good news after market close. Limit up next monday.

Posted by moneykj > 2018-03-23 15:15 | Report Abuse

Lol....becos kc want to write bad again about Sendai

Posted by Pennyking > 2018-03-23 15:25 | Report Abuse

wah ... apa good news ? SENDAI outperform market so much ! Must be good news. But too pity, i dun dare to buy.

Posted by moneykj > 2018-03-23 15:40 | Report Abuse

When pmetal at 1.00, many account experts come out question about it high debt. Now pmetal already 5.00. Theory from the book is one thing, real battle in market is another different thing.

Posted by Pennyking > 2018-03-23 15:43 | Report Abuse

Market drop so much, but SENDAI up alots. It must got good news la. But who know it ?

Posted by Ricky Lim Wei Yan > 2018-03-23 15:52 | Report Abuse

maybe kyy sapu,who knows?

Posted by Ricky Lim Wei Yan > 2018-03-23 15:53 | Report Abuse

sell hengyuan and buy kaw kaw sendai

Posted by moneykj > 2018-03-23 16:02 | Report Abuse

It will fly after clear the 0.83 block

Posted by Pennyking > 2018-03-23 16:07 | Report Abuse

OKlah. If break 83sen, i will buy some to play play.

Posted by Ricky Lim Wei Yan > 2018-03-23 16:15 | Report Abuse

already break 0.83

Posted by Ricky Lim Wei Yan > 2018-03-23 16:19 | Report Abuse

wow,0.84 now,so strong

Posted by wingold > 2018-03-23 16:20 | Report Abuse

becareful not to get burned

Posted by Pennyking > 2018-03-23 16:24 | Report Abuse

85sen. SENDAI crazy liao

Posted by Ricky Lim Wei Yan > 2018-03-23 16:25 | Report Abuse

must got something brewed inside

Posted by Alipapapa > 2018-03-23 16:25 | Report Abuse

Apa macam sendai ? biar saya pergi check dgn remisier saya

Posted by Alipapapa > 2018-03-23 16:27 | Report Abuse

remisier saya tak dahu juka. mungkin dapat contract besar.

Posted by John_Lee > 2018-03-23 16:37 | Report Abuse

Go! Go! Go! Sendai!

Posted by Ricky Lim Wei Yan > 2018-03-23 16:39 | Report Abuse

moneykj, this is SENDAI forum, not IRIS forum

Posted by kamcheonghui > 2018-03-23 16:40 | Report Abuse

After checking pls share the info and let's everyone huat.