Can cari makan lah.. 

You still keeping your insas? Going to be a rough ride from now on... 

For me, it was the profits bur everything is getting too wild for this stock.

I am sked.

not a good day for my divvy stocks

btw, my GM said he dumped all INSAS already

so wait till 3 or time to sell? 

Your cost of Inari is below RM1, I knew it!

I am so jelly!

so your seefud lunch.. jadi? 

Oh ,, and your semen stock is leaking... 

Wah! how you suddenly know one? 

Now we all know la, you sitting on tonnes on paper profits. Seafood lunch on you.

so wait till 3 or time to sell? 

Start to see where I should put my CP point jor...

CP point? 

Apa itu? 
You look at the graph like not so sustainable leh...  straight up one..

Cut pisang.

ohhhhh i remember liao CP CP...

I already set my CP at 5% from closing high..  since the day it swept pass my TP...   

so far no trigger yet... 

5% is way too tight la.

If I use off the top in this scenario and adding in where entry was I probably be a bit loose and set it at 12%.

So you get CP at what value? 

your casio calculator rosak ah?

12% of the top = ......

However... I wouldn't cast that in stone yet.

I would prefer to see how it consolidates after this month's wild run.......

   

Now, while this logic seems reasonable, let me ruin your day by putting forth my thoughts on the same...

Strategic stake v/s financial stake: There are some investments which are financial in nature (to be sold later, preferably at a profit and make money.) There are other investments which are strategic in nature (never meant to be sold, but are meant to be held on and on, as part of some strategy.) Holding companies are created from the strategy point of view and their investments are necessarily strategic in nature. Holding companies stake in other group companies is in the nature of the 'promoter holding'. If this stake is sold, the group will lose control of the company. (In effect, it will never be sold)

Does market value matter??? Sooo, since the investments made by holding companies are strategic in nature, these will never be sold, but held on till eternity! So, if the market value is never going to be realised (by selling off the investments), should it matter? Should one even bother calculating the market value of the holding company's investments?

Please keep in mind that I am talking about only holding companies. If a company holds shares of an un-related listed company, the market value of these shares should be given due consideration, imho.

Well then how can these holding companies be valued?

In my view, these companies should be valued like any other business. Its revenue is the income it receives on its investments (dividend). Usually, expenses are limited and most of the revenue is reflected as the profit.
One can multiply this profit by a PE ratio accorded to a zero-growth company (e.g.Graham suggests 8.5 PE ratio) to arrive at the fair value of the holding company.

This is merely a suggestion and cannot be the only way to value a holding company. To each his own!
Further, investments other than those in group companies should be given their fair market value.

Of course, when one values holding companies like this, the resulting 'fair value' will be far farr farrrrr lower then the prevailing market cap, meaning that these companies should not be bought. Well, this happens to me all the time and till date, i have ended up buying only one holding company...