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 Bursa Traders Thread V2, waaa! V2 d !

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gark
post Dec 9 2013, 10:11 AM

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QUOTE(lambethwalk @ Dec 9 2013, 09:35 AM)
what a difference a day makes  doh.gif  doh.gif  doh.gif  doh.gif
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WTO in Bali just agree TPP on Sunday which will scrap CPO tax in India and China.. anything to do with CPO will rally today... icon_rolleyes.gif

So it seems you sold too early... hmm.gif

This post has been edited by gark: Dec 9 2013, 10:14 AM
gark
post Dec 9 2013, 11:50 AM

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QUOTE(yhtan @ Dec 9 2013, 11:44 AM)
Malaysia have to pay the price too, expecting car price to be decrease soon? hmm.gif
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Car import tax already low.. EXCISE tax is high... so no difference... rolleyes.gif

What else arr? hmm.gif
gark
post Dec 10 2013, 08:40 PM

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QUOTE(lambethwalk @ Dec 10 2013, 04:13 PM)
gark not around today... smile.gif
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Today travelling plus meeting... on the road since 4 am... now the stupid flight home is delayed by 1.5 hours....reach home will be 12 am liao... cry.gif
gark
post Dec 11 2013, 12:56 AM

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QUOTE(Boon3 @ Dec 11 2013, 12:29 AM)
Huhu!
Geng la...
So much adventure in your travels.
Home liao?

tongue.gif
*
Just reach home... tongue.gif
gark
post Dec 11 2013, 11:37 AM

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Just practicing my calculation.. this is not a recommendation ha. rolleyes.gif

MBSB rights issue 1 rights for 2 shares held. Rights ex price is 1.65, 28% discount to VWAP price. Ex date 26/12

Theoretical ex rights calculation = ((Mother share x shares)+ Right price x rights))/outstanding shares

Assuming no warrant conversion..

Ex. Rights Price = ((2.75 x 2)+ (1.65 x1))/3 = 2.38

Theoretical price of OR = 2.38-1.65 = 0.73

Theoretical price for mother share before ex rights = 2.75 - (0.73/2) = 3.11

Correct or not? hmm.gif

This post has been edited by gark: Dec 11 2013, 11:39 AM
gark
post Dec 11 2013, 12:00 PM

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QUOTE(SKY 1809 @ Dec 11 2013, 11:56 AM)
Hi Sifu ,

Sori to bother u for a while..

Let say the PE of a co is 5X , Net cash is 41sen a share.

How much the 41sen bring down the PE of 5x .

Thanks
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Theoretical PE for net cash company...

(Price/share - net cash/share)/(Recurring EPS)

One off EPS gain is usually not counted...

This post has been edited by gark: Dec 11 2013, 12:00 PM
gark
post Dec 11 2013, 01:03 PM

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Double post...

This post has been edited by gark: Dec 11 2013, 01:04 PM
gark
post Dec 11 2013, 01:03 PM

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QUOTE(SKY 1809 @ Dec 11 2013, 12:05 PM)
The problem , I find it confusing is Net Cash per share = Mkt price per share , getting Zero or negative  hmm.gif

(Price/share - net cash/share) = Zero  hmm.gif or PE of 0.1818 laugh.gif if mkt price is up by 2 sen

How  rclxub.gif

" Improved balance sheet with net cash matching market cap " analyst report

" Earnings on strong upward trajectory underpinned by ~RM800m unbilled sales (4x FY13 property development revenue) and RM1.5bn launch pipeline in prime locations. Improved balance sheet with net cash matching market cap; potential to declare dividends in FY14. Attractive valuation (0.3x P/RNAV, 5x FY14F PE). Fair value of RM0.65 based on 50% discount to RNAV of RM1.30, implying 57% upside potential."

Thanks, anyway for yr valuable input
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If net cash > market price is known as Graham's net net stock.

You buy the share but get the business for free. wink.gif
gark
post Dec 11 2013, 01:18 PM

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QUOTE(SKY 1809 @ Dec 11 2013, 01:16 PM)
O I see ,

I often hear about net net stock, but could not bother to find out what it really means ....

Now I stand a chance to know better.......

Thanks for the explanation

Time for me to read the Little Book now yawn.gif
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But be sure that the the 'net cash per share' is inclusive of dilutive elements like loan stocks, warrants etc etc... wink.gif

This post has been edited by gark: Dec 11 2013, 01:20 PM
gark
post Dec 11 2013, 03:49 PM

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QUOTE(Boon3 @ Dec 11 2013, 03:46 PM)
this thread, by right, have no idiotic pushy forum class monitors to tell you this cannot that cannot.
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Got... someone told me only can discuss KLSE stocks only... rolleyes.gif

This post has been edited by gark: Dec 11 2013, 03:50 PM
gark
post Dec 11 2013, 04:03 PM

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QUOTE(Boon3 @ Dec 11 2013, 04:01 PM)
Berak up....
Per Sai up....
Sai Park ... also up....

holy sai....

this really is the season to be smelly!!!!

doh.gif
1619 up again.... doh.gif doh.gif
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1619... cry.gif
gark
post Dec 11 2013, 04:14 PM

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QUOTE(lambethwalk @ Dec 11 2013, 04:13 PM)
but but but...

smelly stocks

MAKE MONEY  shakehead.gif
*
sai park.. thumbup.gif

http://www.theedgemalaysia.com/business-ne...ap-by-2015.html

This post has been edited by gark: Dec 11 2013, 04:15 PM
gark
post Dec 11 2013, 04:19 PM

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QUOTE(lambethwalk @ Dec 11 2013, 04:17 PM)
yeah lo i saw...

got more smelly stocks in future, pls reco  thumbup.gif
*
Already reco many times already lo... tongue.gif
gark
post Dec 11 2013, 04:50 PM

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sai park zoom... 1 article also can zoom already... sweat.gif
gark
post Dec 11 2013, 04:58 PM

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CI cannot up... needs <removed>.. brows.gif
gark
post Dec 11 2013, 04:59 PM

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QUOTE(gark @ Dec 11 2013, 04:58 PM)
CI cannot up... needs <removed>..  brows.gif
*
v i a g r a also banned ah? rclxub.gif
gark
post Dec 11 2013, 07:47 PM

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QUOTE(gspirit01 @ Dec 11 2013, 07:36 PM)
Accountant is better, I supposed. Bcos account will try to be exact. Just like the joke. How many people needed to change a light bulb. I supposed accountant will say "one, budget allows only one."  Engineer will say "two! If one fall down, we hv one more!"  biggrin.gif
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I don't think engineers have inherent need to be safe. But as an engineer has taught me to invest with a good dose of safety factor. Preferably 20% or more tongue.gif

By saying safety factor does not means we will all choose 'safe' investments but rather we CALCULATE the margin of safety and if the stock have sufficient margin of safety then it is a stock for us to buy. wink.gif

This margin of safety help us protect our downside but not restricting our upside...

This post has been edited by gark: Dec 11 2013, 07:47 PM
gark
post Dec 11 2013, 08:49 PM

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QUOTE(gspirit01 @ Dec 11 2013, 08:31 PM)
I think there is a difference btw investment and trading. For trading, it is an unknown territory. It is the other part of the brain: instinct, creativity, etc.  Don't get me wrong. Engineer can make money in stock market or property market. But engineer is not the one who make money first or make most bcos engineer still think about "safe".  But, in business, engineer will do well.

A high risk trader will not reserve 20%, he will go in with margin for 500%.  If things go well, they make 100x500%x20%=100, whereas, engineer makes 100x80%x20%=16.

Both makes, but difference in quantum.  So, r u trader or investor in nature ?
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Margin of safety is NOT equal to debt margin. rolleyes.gif

If you cannot tell the difference, then perhaps stock investment is not for you..... laugh.gif
gark
post Dec 11 2013, 08:51 PM

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QUOTE(Boon3 @ Dec 11 2013, 08:38 PM)
Me?
Engineer? No check
Accountant? No check?
sweat.gif

Sure die if play market ah?

Was Albert Einstein a good market player? whistling.gif

Warren Buffett meh call lee ah?
He got go college one ah?  tongue.gif

Since when got prerequisite to play in the market one?  shakehead.gif

I am lost.....  laugh.gif
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Yep no need any special skill to invest in stocks ... just common sense. icon_rolleyes.gif
gark
post Dec 11 2013, 09:52 PM

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QUOTE(gspirit01 @ Dec 11 2013, 09:07 PM)
I knew that i can't get rich with stock investment/speculation long ago. Although I am still in it.  I made the above mistake before but on a different quantum. I should be 100% in it, but "safe part of me" say 50%. I ended up letting the opportunity go. U can know your true nature only when the stake is high.
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Uummm you still dont understand margin of safety dont you... suggest you google it read up. Its like making the odds in your favor before you bet and never about the amount...its like knowing half of your oponents card before you go all in.. tongue.gif

This post has been edited by gark: Dec 11 2013, 09:53 PM

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