Dear Fellow Investors of i3 Forum
Back of Ben Graham Fundamental Investing is THE CONCEPT CALLED MARGIN OF SAFETY. And This Is Also Warren Buffet's Most Important Criteria when he said
Rule No. 1
Never to lose money
Rule No. 2 is to remember Rule No 1
NEVER TO LOSE MONEY!!
SO THEY BOTH NEED MOATS OR MARGIN OF SAFETY IN A COMPANY.
What is a Moat?
A moat is a body of water surrounding a castle in ancient times
It means a line of defense against danger from invaders or wild animals
SO MOAT = MARGIN OF SAFETY
ALL FUNDAMENTAL VALUE INVESTORS FROM BEN GRAHAM TO WARREN BUFFET WANT A MOAT
These Are The Moats of BONIA
1) BONIA HAS AN ESTABLISHED BRAND NAME.
2) BONIA ASSETS ARE IN GOOD AREAS PRIME CITIES (Not Ulu Kampungs)
3) THE ASSETS ARE STILL AT OLD BOOK VALUE. IF REVALUED BONIA TRUE NTA WILL BE MORE THAN RM1.00. AND THAT SHOWS BONIA IS SELLING AT MORE THAN 50% DISCOUNT TO NTA
4) MOST OF BONIA ASSETS ARE TENANTED OUT FOR INCOME
5) PRICE OF BONIA HAS FALLEN FROM RM2.00 (PRIVATISATION PRICE) TO A MERE 48 SEN. LAST TIME OWNER WANTED TO PRIVATISE SOUTHER STEEL AT RM2.20 (UNSUCCESSFUL) & SSTEEL FELL BELOW 95 SEN WHEN CALVIN CALLED FOR A BUY. NOW LIKE MASTEEL & PRESTAR -- SSTEEL ALSO UP MORE THAN 100% (SO DON'T CHASE)
6) BONIA BOSS BOUGHT BONIA FROM OPEN MARKETS FROM 99 SEN TO 56 SEN. SO FAR STILL IN ACCUMULATION MODE. WARREN BUFFET LIKES OWNERS WHO BUY BACK SHARES WITH OWN MONIES
7) RECENTLY OTHER INSIDERS ALSO BUYING BONIA AT 50 SEN. AND SBB (Share Buy Back) ALSO AT 50 SEN
8) TOP OWNERS OF BONIA ARE HOLDING TIGHTLY. AMONG THOSE ARE DBS BANK OF SINGAPORE, PUBLIC FUND OF MALAYSIA AND OTHER TOP FUNDS & INSURANCE COMPANIES AS WELL
9) BONIA IS A POSSIBLE CANDIDATE FOR PRIVATISATION FOR ITS ASSETS JUST LIKE
WANGZNG, THESTORE, KULIM, TMAKMUR, WEIDA & OTHERS
10) AT 48 SEN WITH ALL FAVOURABLE FACTORS OF DEEP DISCOUNT (OVERSOLD), HIGH NTA, QUALITY SHAREHOLDERS, INSIDERS BUYING SIGNAL, STRONG RINGGIT GOOD FOR INGREDIENT IMPORTS (LIKE NESTLE), POSSIBLE INFLUX OF CHINA TOURISTS BONIA IS AN OUT RIGHT BUY!
SO DON'T MISS THE BOTTOM
NOW IS THE TIME!!!
BEST REGARDS & KONG HEI FATT CHOY
Calvin Tan Research, Singapore
http://klse.i3investor.com/blogs/www.eaglevisioninvest.com/146320.jsp
Back of Ben Graham Fundamental Investing is THE CONCEPT CALLED MARGIN OF SAFETY. And This Is Also Warren Buffet's Most Important Criteria when he said
Rule No. 1
Never to lose money
Rule No. 2 is to remember Rule No 1
NEVER TO LOSE MONEY!!
SO THEY BOTH NEED MOATS OR MARGIN OF SAFETY IN A COMPANY.
What is a Moat?
A moat is a body of water surrounding a castle in ancient times
It means a line of defense against danger from invaders or wild animals
SO MOAT = MARGIN OF SAFETY
ALL FUNDAMENTAL VALUE INVESTORS FROM BEN GRAHAM TO WARREN BUFFET WANT A MOAT
These Are The Moats of BONIA
1) BONIA HAS AN ESTABLISHED BRAND NAME.
2) BONIA ASSETS ARE IN GOOD AREAS PRIME CITIES (Not Ulu Kampungs)
3) THE ASSETS ARE STILL AT OLD BOOK VALUE. IF REVALUED BONIA TRUE NTA WILL BE MORE THAN RM1.00. AND THAT SHOWS BONIA IS SELLING AT MORE THAN 50% DISCOUNT TO NTA
4) MOST OF BONIA ASSETS ARE TENANTED OUT FOR INCOME
5) PRICE OF BONIA HAS FALLEN FROM RM2.00 (PRIVATISATION PRICE) TO A MERE 48 SEN. LAST TIME OWNER WANTED TO PRIVATISE SOUTHER STEEL AT RM2.20 (UNSUCCESSFUL) & SSTEEL FELL BELOW 95 SEN WHEN CALVIN CALLED FOR A BUY. NOW LIKE MASTEEL & PRESTAR -- SSTEEL ALSO UP MORE THAN 100% (SO DON'T CHASE)
6) BONIA BOSS BOUGHT BONIA FROM OPEN MARKETS FROM 99 SEN TO 56 SEN. SO FAR STILL IN ACCUMULATION MODE. WARREN BUFFET LIKES OWNERS WHO BUY BACK SHARES WITH OWN MONIES
7) RECENTLY OTHER INSIDERS ALSO BUYING BONIA AT 50 SEN. AND SBB (Share Buy Back) ALSO AT 50 SEN
8) TOP OWNERS OF BONIA ARE HOLDING TIGHTLY. AMONG THOSE ARE DBS BANK OF SINGAPORE, PUBLIC FUND OF MALAYSIA AND OTHER TOP FUNDS & INSURANCE COMPANIES AS WELL
9) BONIA IS A POSSIBLE CANDIDATE FOR PRIVATISATION FOR ITS ASSETS JUST LIKE
WANGZNG, THESTORE, KULIM, TMAKMUR, WEIDA & OTHERS
10) AT 48 SEN WITH ALL FAVOURABLE FACTORS OF DEEP DISCOUNT (OVERSOLD), HIGH NTA, QUALITY SHAREHOLDERS, INSIDERS BUYING SIGNAL, STRONG RINGGIT GOOD FOR INGREDIENT IMPORTS (LIKE NESTLE), POSSIBLE INFLUX OF CHINA TOURISTS BONIA IS AN OUT RIGHT BUY!
SO DON'T MISS THE BOTTOM
NOW IS THE TIME!!!
BEST REGARDS & KONG HEI FATT CHOY
Calvin Tan Research, Singapore
