so after all you write, i can't see what i should do now besides blindly trading on my 555.txt

or just wait wait and wait

Eh?

You see SEAL?

Go see when they report their earnings.

Check the price then and now....


For ULI.
You know the stock was fried previously.
Stock was lifeless for a long time...
Once the fun(d) from the island started buying...
was that a buying catalyst?

U don't need magic...after all magic is just tricks. This is real biz...the oil is there for all to see ...no tricks, no magic...just plain old black gold.

Seal? yeah party started after their Q report is released on the 30th may, a sudden surge????

NTA was priced 0.80 cent when it was traded for around 60 sen, after profit jump, there is where people jump in also

wonder what reason their revenue was suddenly so high?

Uli? so you consider the buying catalyst was foriengers? or big fund coming in in order for a stocks to grow besides looking at the profit trend?

This post has been edited by spring onion: Jul 14 2014, 10:51 AM

SEAL, must do some research mar...

First news: http://www.thestar.com.my/Business/Busines...heds-old-image/

Second: Look at the quarterly profits announced on 30th May.
Learn to see the cash flows.
That sort of verified the quality of the turnaround.

Mix that with the news, one should understand that this is one new company already.
But from a risk management analysis, one HAS to asks if the this success is sustainable or not.
for a property company, I believe you have to address the future projects issue, land bank etc...

ULI?
look very simple.
maybe my england like england football not good.
below average company.
very shoddy past.
we have the cooking of books issue...
then the French MOU thing in 2011 used to goreng the stock high, high.....
Absolute not a fundamental stock for investors.
But from a goreng investor point of view... this stock HAS THE GORENG FACTOR.
this is a stock to watch.

20th June they announce one fun(d) from one small island buying the stock...

this is where you need to ask...

BUY FOR WHAT?
fundamentals ah?
Remember last 5 year track record showed declining profits ( ie Uli's last 5 years profit track record read 21m, 18m, 16m, 17m, 16m. )

So if the stock fundamental is poor...
stock got kena goreng cow cow before using lame execuses....
and now foreign fun(d) from small island come buying.....

what's your conclusion?
mine?
OPEN STORE FOR GORENG SEASON!



See ULI's trading volume on 23th June...
what you see?



Remember...
no volume, no action
no action, no money
no money, no honey!

spring onion

those 2 examples.... past jor.

Asked you the other day about puc.

why would you think the stock is a buy?

is there a catalyst?

sometimes volume cannot guarantee a surge in a counter also.... wait i reply you later after i read about PUC

spring onion

left out high NTA issue....

see, you need to buang this.....

I give you example on how you can miss out BIG, BIG winners......

If I not remember wrongly...
I only discuss with gark on Inari around Sep last year.

This was the last quarterly available then....

http://www.bursamalaysia.com/market/listed...cements/1389181

How much was Inari's NTA?

0.35 sen.

Price of Inari in sep 2013 was around 70+ sen.

If you see Inari's net asset per share, would you even dare buy?

Today, Inari is trading above 3.30+.

How come so like this one?

Of course, I AGREE.

But for ULI's case, I dunno la....
cos if I add the factors up....
I can see so clearly....
that it was BUKA KEDAI FOR GORENG!!!!!!

so the only question left is....
do you want to jump in and enjoy?

yeah ... enjoy being fried....

that's different, inari or rather tech stocks and service source of income is not mainly from natural/physical resources, but rather manpower and ideas that generate a business profit

usually i will look at NTA on property, industrial, consumer and plantation

for banking, service and tech stocks, i use different yardstick to measure them

correction...

Uncle Google says it was July 2013....

read from post #2341

hehehe.... ok.... you got a point here.

But what I wanted to point out is there exists companies where they can earn more than their net asset.

Ok, give you another reverse example....

How about London Biscuits?

Do you know what's the risk in using London Biscuit's NTA (I believe it's over 2.00) ?

High NTA and medium Low PE, means that it's NTA doesnt reflect its earning power logically

your opinion is that even the NTA is high, but being a biscuit company, in a consumer stocks, a high NTA will not reflect it's actual fair price?

oh yeah LONBIS profit dropped last quater, many investor started running dy

This post has been edited by spring onion: Jul 14 2014, 11:48 AM

Err... London Biscuit is unique.

problem was highlighted in cgmalaysia blog, in it, there's this link: http://www.whereiszemoola.blogspot.sg/2010...uits-again.html

There's this table drawn...

http://4.bp.blogspot.com/_nDt1odcHv2g/TIHi...1600/lonbis.JPG

That indicated London Biscuit is buying and selling its property, plant and equipment (PPE - short form) (this figure boosts up Net Asset) actively!!!!!

Back to cgmalaysia posting last year:
http://cgmalaysia.blogspot.com/2013/11/lon...eems-wrong.html

Ah Wind, highlighted a 10 year comparison.

in 2003, PPE was only 80 million.
in 2013, PPE is worth 517 million. !!!!!

an increase of 6.5 times!!!!

Latetst: http://klse.i3investor.com/servlets/staticfile/241460.jsp

In the cash flow statement, there is this note from London Biscuit. It says...

"Property, plant and equipment at aggregate cost of RM24,745,000 (2013-RM33,570,000) was acquired
during the financial period of which RM15,422,000 (2013-RM9,579,000 ) was acquired by means of hire
purchase and term loan."

London Biscuit is still buying PPE!
24.7 million during the financial period!
the last few words.... "acquired by means of hire purchase and term loan."

What does this tell you?
LonBis used loans to keep buying and selling PPE!!!



Do what cow business do until like this one?

for PUC
PUC Founder: Raises funds for possible solar venture,

they were doing mobile apps and software mainly on electronic publishing systems, and i doubt that their business is running good or not

but suddenly into solar venture??? that's the crab behind the story?

i got no idea why their revenue rose quite high this quarter too

owh wait
PUC now is actually not the original company as it used to be.

according to this source
http://www.thesundaily.my/news/922115

so from software to solar, and largely owned by CHINAmen stock, potential CSL and XDL to be?

This post has been edited by spring onion: Jul 14 2014, 01:30 PM

boss see a piece of nice land, wants to own it privately. how to do it? use company money to buy at the market price, then sells at a lower price to himself?

i don't know, cause i seldom and don't know how to see these things on report also, usually will focus on profit, assets, liabilities and abit of cash flow, not to this extend

This post has been edited by spring onion: Jul 14 2014, 02:18 PM

See if you want to use fundamentals, sometimes you must look and see why the stock not laku.

For example, as pointed out, if compared to Apollo Food, LonBis share price is really like heaven and earth....
LOW PE somemore...
why not laku.

Yup, whenever if I see a company with low PE, sometimes I ask myself, why all the more clever investors not interested in the stock?

So when you look deeper, esp in the cash flow statement, you can straight see.

for example, the statement ...

""Property, plant and equipment at aggregate cost of RM24,745,000 (2013-RM33,570,000) was acquired
during the financial period of which RM15,422,000 (2013-RM9,579,000 ) was acquired by means of hire
purchase and term loan."

was mentioned in the cash flow statement.

Then you straight think... why a company like this buy what PPE for 33.5 million last year and this year buy another 24.7 million?

Straight away you want to avoid.................

Well done!

See you do do some research.

Yes, the company is not quite the same and the sundaily article explains why the huge jump in profits.

boon, is it you are trying to say that it is not goof because it has too much loans?

Yes, LonBis has a lot of loans.
Sometimes it's not the issue of how much loan a company has ....
it's more the issue how the company is building up the total loans.

First you can compare simple yardsticks... (see no need complicated ROIC or whatsoever)

I curi tulang and borrow cgmalaysia data.

in 2003, LonBis makes PAT (profit after tax) of 9 million. Total borrowings 36 million
current TTM PAT is about 16 mil. Total borrowings about 260 million.

So in a ten year span, PAT increases 7 million. (from 9 to 16million)
An increase of 77%.
However to increase 77%, the company's loans increase from 36m to 260m!!!!!
Loans increased 7.2x!!!!!!

Straightaway we know something not right.

Then we need to find out why....

We see the company buying and selling property, plant and equipment.

Straightaway.....we go face palm!!!!

latest annual report: http://www.bursamalaysia.com/market/listed...cements/1484433

page 49:
Gain on disposal of property, plant and equipment = (1,153,311)

LonBis lost 1.1 million from disposal of PPE!

Face palm !!!!!!!

Mind you LonBis borrows money one to buy PPE!

Do what cow business do until like this one?



How would you evaluate such a company?
Loans build up so much and then you find out the company loan build up is due to the constant purchase of PPE...
then only to discover company is also active selling those PPE they had purchased!!!

My face also pain.....