What this mean mr accountant.. lazy to search ..



looks like this..



The highlighted part does not sound too favorable.

If exclude this, ok lah the performance $14 mil before tax.

But I see although NAV is high, but most in fixed assets and stocks. Debt is quite high compared to cash holding too.

A lot of steel factories already lingkup in Indonesia, it is cheaper to buy from china rather than manufacture themselves. Maybe malaysian got protection lah..

This post has been edited by gark: Mar 23 2016, 04:19 PM

Always need to balance the portfolio mar.. cannot all dump into 1 basket.

OnG about 20% lar..

This is what my stocks partner shared with me...

global steel prices =/= china steel prices
china prices are USUALLY more forward-looking
and bear in mind, china is the biggest consumer of such materials

china commodities prices are rallying

consumption is on the upward trend too
so, china exports of materials gonna slow down
so, local players gonna have bigger share of the pie going forward

This post has been edited by Pink Spider: Mar 23 2016, 04:22 PM

Ya betul~!

Tetapi, I know some Unkers super ganas wan with their investment plan...

Let's say they identified a "situational" stock with an interesting story behind it and thinks that the stock is a "compelling buy". As long as they are convinced the stock is undervalued and should be at X price instead of current market price, they don't mind topping up and averaging down/up further until they have a massive amount. This strategy can go on for say a few months to a few years.

When the price reverses and heads towards or close to their TP, they make a massive killing from this strategy.

But, yeah , not everyone has the bullets and the discipline to do this.

I have a set rule.. ANY 1 stock must not exceed 10% of TOTAL holdings. No matter how good the story, how good the potential profits.

This is a protection against, IF you are wrong, a concentrated bet will destroy your portfolio.

Of course, many time got 'sam yuk yuk' damm why did not buy more when price shoot up. But I have see the opposite as well, 'lucky did not buy more, whew'. So it has served me well over the years.

This post has been edited by gark: Mar 23 2016, 04:30 PM

The Comp is also operating at a super negative cash flow too. Their current cash and bank balances can almost say its 100% from the drawdown from borrowings. Susah ni. But I'm sure Pinky must have more lubang somewhere coz he won't simply change strategy unless the rewards way outweigh the risk.

Sure kah.. last i heard china is still dumping steel...

As Yuan devalue more, the dumping will be even more ganas..

Steel price chart.. no rebound yet..

http://www.tradingeconomics.com/commodity/steel

Iron ore chart, some rebound since Jan.. which means higher demand. But you look at 2015.. is still range bound

http://www.tradingeconomics.com/commodity/steel

More info on china steel..

http://www.bloomberg.com/news/articles/201...n-steel-exports

This post has been edited by gark: Mar 23 2016, 04:40 PM

Who was the one who told me queued for UOADEV at 2.10? Dapat ka hari ni?

forget update sudah jual

Mr Accountant,
Required rate of return not usually annualized meh?
30% very high wor...

This is simple/absolute paper gain return required before I consider to exit.

Another view on steel...



http://www.smh.com.au/business/mining-and-...l#ixzz43iocyYNt

Sustainable kah?

Further reading..

http://www.scmp.com/business/article/19246...teel-production

This post has been edited by gark: Mar 23 2016, 07:00 PM

Short term trading ok. Medium term investment possibly not.
But... our Mr Accountant has transformed from a dividend investor to a trader

Psst.. watch the video series at link below.. Ultra rich girls of China..

That is where all the money their parents made from the 'china miracle' is spent...


https://www.youtube.com/watch?v=BI56XotU8OQ

Got 8 episode.

This post has been edited by gark: Mar 23 2016, 07:15 PM

Opportunity mar

Hmmmm...
Carlsberg tukar MD - Angmoh
Bumi Armada tukar CEO - Angmoh

TIME changed their broadband levels to insane levels. First market mover. This makes me think what the others, especially Telekom's Unifi are planning.

1MDB's Arul Kanda going to be interviewed @ BFM89.9 tomorrow morning.

Zeti.... still wants to pursue 1MDB matter. Let's see what magic she can conjure with her remaining final days with BNM.

@gark, Thanks for your reply. May I know what it means for Cash Upfront? U mean I have to put money into the account first only can buy?

0.05 % Any value I pay below RM16k I still have to pay minimum RM8 and plus GST if not mistaken? Am I correct?

Yes got money only can buy, no remaining money cannot buy. Yup value below 16k you will need to pay RM 8. The 0.05% is only if you trade > 30K, otherwise it is 0.08%, but min 8 stays the same so no difference to you.

This post has been edited by gark: Mar 24 2016, 11:41 AM

Still hold BUMI Armada ?

lately saw news cancel contract ...their asset will left idle

This post has been edited by felixmask: Mar 24 2016, 11:50 AM