I am only 5 mins away.. why no invite me..

Dear Sifu Ramjade,

How you determine TA Tech UTF is cheap or otherwise ar?

Can teach me ar?

Which formula you use to determine ar?

Xuzen

See previous price before distribution? I am betting it will will go back to previous level few months down the road. Well that's just my own judgement.

Let's bet ok? In one year time it will go back to before distribution price. Ya ya, distribution, dividend all not important. But let's see one year later.

This post has been edited by Ramjade: Oct 29 2016, 04:32 PM

They think you are sifu level already, so luncheon and talk not relevant.

Not sifu also... still alot of things to learn for you all

Joke aside, this makan thing is sponsored by some people who will have vested interested in promoting their funds. You think it is still something useful ? Will they really stay neutral and objective ?

5 units gets one unit, and a few months later price grow back to original, that will be 20% growth, right ? If like that better sai lang liow !

Let's why I said 1 year. Possible what in one year. Even if not 20%, let's put it at lower level. 15% sure achievable.

This post has been edited by Ramjade: Oct 29 2016, 05:35 PM

The NAV for TAGTF on 10/10/2016 is MYR 0.7335 per unit. The unit split happened on 11/10/2016. The NAV for TAGTF on 11/10/2016 that is post unit split became MYR 0.6092

If one has 10,000 units originally his NAV would be 10,000 x 0.7335 = MYR 7,335.00 ====> (A)

Due to unit split of 1 units per 5, he will get 10,000/5 = 2,000 new units. The total units then became 10,000 + 2,000 = 12,000 units.

The new NAV becomes 12,000 x 0.6092 = MYR 7,310.40.====> (B)

Now take a look at the NAV (A) & (B). From this do you see that the actual value is lebih-kurang sama aje! Although you will say the NAV has dropped, but for someone who is actually holding the unit prior to the units split; it does not seem that way.

Hence, do not be deluded that it is cheap or otherwise. The NAV drop is engineered by the UTMC, it is not due to actual drop in its underlying asset price. In another word, the drop in NAV is a manipulation by the UTF management company.

Xuzen

p/s (IMPORTANT NOTE): Actual cheap or otherwise is not determine by the NAV face value per se. Look to its underlying asset to determine. In the absence of knowing the actual underlying asset, then look at the fund benchmark for guidance.

This post has been edited by xuzen: Oct 29 2016, 05:50 PM

This is true for those holding. But who those not holding? If the price goes back to normal after 1 year? Anyway lets see how much I will get after 1 year.

Let us consider two scenarios:

Xuzen already has 12,000 units of TA GTF on 11/10/2016 and the NAV on 11/10/2016 post unit split is MYR 0.6092 per unit. Hence Xuzen's actual holding in TA GTF is MYR 12,000 x 0.6092 = MYR 7,310.40 as of 11/10/2016.

On the other hand, Ramjade do not own any TA GTF units and on the same day post unit split, that is on 11/10/2016 he bought 10,000 units of it and he has to pay 10,000 x 0.6092 = MYR 6,092.00 for his settlement.

Let us say one year later, and assuming there are no dividend declared nor any unit split or bonus units declared, that is, the NAV moves up on its own naturally. The NAV moved up 20% to MYR 0.6092 x 1.20 = MYR 0.7310

The NAV for Xuzen becomes 12,000 x 0.7310 = MYR 8,772.48. MYR 8,772.48 less MYR 7,310.40 equals to MYR 1,462.08 and this is equivalent to 20% capital gain.

Let's move on to Ramjade:

The NAV for Ramjade becomes 10,000 x 0.7310 = MYR 7,310.00. MYR 7,310.00 less MYR 6,092.00 equals to MYR 1,218.00 and this is equivalent to 20% capital gain.

Based on the above illustration, whether one holds the unit prior to unit split or whether one does not, does it make a difference or not?

Xuzen

Nope. Both gain 20%. However I still think buying now could still be cheaper if say buy next month. Of course vice versa can happen.

However, let's not derail the thread and start a war about NAV.

This post has been edited by Ramjade: Oct 29 2016, 06:44 PM

What Fund invest in education and universities?
Fast food processing?
chemical plant or any associate with chemical?

It is just reading the crystal ball lar. You better quickly qualify it or else we will have suffer another round of maths lesson from sifu xuzen.

Dear Sifu Ramjade,

Now that we have established that a whether a UTF is cheap or otherwise is independent of unit split or post-distribution events. Then, on what basis do you make the bolded claim or assertion?

On one hand you said it could be cheaper now than next month, on another you said it could be vice-versa. To my ear, your statement is neither here nor there. It is as if something is spoken but has an effect of something not spoken. Isn't it?

Xuzen

This post has been edited by xuzen: Oct 29 2016, 07:51 PM

US banks are trying to use blockchains, there are autopilot car, US, Russia, China sure will try to enchance security of their power grid, hospitals, VR the all new craze, Amazon is battling with Netflix, Apple for control of the entertainment media, ransomware, Alibaba, Tenscent, are all big tech companies in China, 3D printing and drone technology. These are what I can think of from the top of my head.

In addition, not sure where did I read about some view aside from asia pacific, technology sector is the next growth engine (not sure on Bloomberg/CNBC/Reuters)

Enough reasons?

This post has been edited by Ramjade: Oct 29 2016, 07:48 PM

You said earlier it was due to the drop in NAV because of the unit split effect that the NAV became cheap.

Now you are saying due to the above macro views, the potential for TA GTF NAV to increase is there. Good good! We are making progress! Kipidap!

Xuzen

Anything can happen, just like Brexit.
The presidential race is still wide open.
According to personnel from Affin Hwang, the market is basically not ready for Trump victory....

Maybe I am not clear. What I meant is if it were to increase in the future based on what I read, buying now is cheaper than maybe buying few months down the road. Provided I am right.

Good. More opportunities to buy in.

This post has been edited by Ramjade: Oct 29 2016, 08:17 PM

Oh..it was nt determine by the price. Now only I know.

Where to refer on the underlying asset? Financial statement?

Thanks Sifu Xuzen.