Author Topic: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9  (Read 490015 times)

Offline ♂ M. 1 MLL ♂

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #150 on: July 25, 2011, 12:24:46 PM »
JM u are right
some one is supporting at 10 cts ler
never let it fall
jm is the 1 behind there supporting :D :D :D :D :D :D
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Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #151 on: July 25, 2011, 12:42:05 PM »
Of cos money they make from Hotel Sales are meant to be used to generate more money in the future lah. What do you expect them to do with the money then ? keep in the FD and look nice ? That hotel assets is just an investment, they build... hold it for some time.. then sell it for profits, to me it looks like just another property transaction.

GSB get that hotel unit plus 3 more piece of land ( 2 in Kedah and 1 in Bentong ) for about RM10 million... hotel alone is sold for RM22 million, GSB got nothing to lose but only gains. GSB is a property developer, not a hotel operator. Selling hotel unit for profits and also cash to be used to generate more money is a very normal thing to do.


Solid business? Wakakakakakak!! Ya right! selling of hotel to generate cash flow. The hotel profit will be eaten by the ongiong expenses.

So this Q1 a loss!  Wakakakakakakak!!




Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #152 on: July 25, 2011, 12:49:12 PM »
... and this is not the first day SIMA GROUP is in the property development business, they have been in this industry for not 4 years BUT 40 years... with that kind of experience, they will know the industry, buyers expectations... inside out. Just go to their website www.sima.com.my and take a good study on their house plan... every damm single details are so well taken care of. That is why their properties are always in demand. GSB is now SIMA GROUP...  this is not a hype-up story, GSB is REAL, SIMA GROUP is REAL... the houses they build are also REAL. This is the REAL DEAL. 10sen only.. MY GOD!!! you people still need to think ?


Of cos money they make from Hotel Sales are meant to be used to generate more money in the future lah. What do you expect them to do with the money then ? keep in the FD and look nice ? That hotel assets is just an investment, they build... hold it for some time.. then sell it for profits, to me it looks like just another property transaction.

GSB get that hotel unit plus 3 more piece of land ( 2 in Kedah and 1 in Bentong ) for about RM10 million... hotel alone is sold for RM22 million, GSB got nothing to lose but only gains. GSB is a property developer, not a hotel operator. Selling hotel unit for profits and also cash to be used to generate more money is a very normal thing to do.


Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #153 on: July 25, 2011, 12:59:57 PM »
... and this is not the first day SIMA GROUP is in the property development business, they have been in this industry for not 4 years BUT 40 years... with that kind of experience, they will know the industry, buyers expectations... inside out. Just go to their website www.sima.com.my and take a good study on their house plan... every damm single details are so well taken care of. That is why their properties are always in demand. GSB is now SIMA GROUP...  this is not a hype-up story, GSB is REAL, SIMA GROUP is REAL... the houses they build are also REAL. This is the REAL DEAL. 10sen only.. MY GOD!!! you people still need to think ?



and also a management team that we can trust. It has been proven by the fact that landowners are willing to hand over their prime lands worth tens or hundreds of million over to SIMA GROUP in the past and also in the present times. Even within GSB itself, the management team has proven fully commmited to GSB... they go and decrease their own pay from RM637K ( in 2007 ) to only RM282K ( in 2010 ) for the sake of the company. A very very rare display of commitment by the management team towards the company ( GSB )... and also proven that they have yet to raise a single sen from KLSE/shareholders even after 4 years operating, not from IPO, not from their backdoor listing... they just make use of whatever that is available to turn around the company and put the comapny i8nto a very very strong financial positon. Amazing show of commitment and capabilities by the management team.

Offline ♂ M. 1 MLL ♂

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #154 on: July 25, 2011, 02:36:48 PM »
Despite Predator's best efforts (lies, more lies and even more lies) and the general market's weak sentiment, GSB refuses to fall.

He may be acting like it is not affecting him but by his increasingly desperate repeat posts, it is easy to conclude that it hurts, and hurts badly.

I can feel your pain, Predator.
hey,do u all think b4?....erm,if insider wan to collect?y dun they collect it cheaper,let it fall 1st..y there is some1 supporting the price?...who is supporting?...r they really insider?....and etc.... :D :D :D...happy thinking..
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Offline beginner2

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #155 on: July 25, 2011, 02:48:27 PM »
hey,do u all think b4?....erm,if insider wan to collect?y dun they collect it cheaper,let it fall 1st..y there is some1 supporting the price?...who is supporting?...r they really insider?....and etc.... :D :D :D...happy thinking..

good point
or may be insider desperate?
Create assets to buy assets

Offline sockz

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #156 on: July 25, 2011, 02:55:56 PM »
or could be just simply there are people with interest on GSB coincidentally buying at 10cents...lol...sometimes we over complicate simple thing :D :D :D

good point
or may be insider desperate?

Offline viper88

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #157 on: July 25, 2011, 02:56:21 PM »
One good example to see +ve strong buy sign is LBS.
http://www.~.com.my/charts.pl?id=5789&action=charts_history

Recent high
94 sen

Recent drop
75 sen

Rebound.
89 sen

Sellers push down price... till 75sen... once hit support lvl and have buying vol coming back.. its price rebound up high to 89 sen.

If no +ve buying vols...things are still uncertain.
hey,do u all think b4?....erm,if insider wan to collect?y dun they collect it cheaper,let it fall 1st..y there is some1 supporting the price?...who is supporting?...r they really insider?....and etc.... :D :D :D...happy thinking..

Offline anyway

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #158 on: July 25, 2011, 03:19:21 PM »
Which counter did JM promote previously?

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #159 on: July 25, 2011, 03:47:28 PM »

Q1 will be losing loh!

Sima after 16 years not able to complete the problematic Bentong project which started in year 1996.

Sell to GSb loh and reschedule another 7 years. Sima & Gsb same people loh.



Predator claims of SIMA GROUP reschedule project for 7 years is a lie...

Please go and check the Banda Industries Sdn Bhd Acquisition.

http://announcements.bursamalaysia.com/EDMS/annweb.nsf/LsvAllByID/482568AD00295D0748257603003042BD?OpenDocument

Open the PDF file, look at page 7 of that document. That Project is orginally scheduled to start in 1996 and complete in 2018. At first I find it strange also then later think abit, it makes sense... they purposely do it that way, get approval first the longer period the better, then take their time slowly build. As an experienced developer they know that the future phase will get better selling price as project site becomes more mature. If they complete everything earlier, then they would have make less money from the project. Since they still have 5 more phase to go, means the remaining 5 phase will sell at much much higher price compared to the older phase... because house are more expensive now compared to last time. Very smart strategy by SIMA GROUP, they even thought of it in 1996. That is what experience is all about.

Predator claims that SIMA GROUP are not capable to complete projects at a fast pace is totally rubbish. Please read this article by The Edge.

http://www.theedgemalaysia.com/property/175417-city-a-country-sima-group-banks-on-sincerity-to-grow.html

"One the companys most significant projects thus far is Universiti Utara Malaysia (UUM) in Kedah. When we took over the [abandoned] project, UUM was only 35% completed and we needed to revive and complete it within four months. Although it was challenging, we managed to complete UUM in slightly under four months, says Andrea Gan, Seng Biangs daughter. UUM was completed in September 1990."

SIMA GROUP complete 65% of an abandoned university project in just 4 month!!! If you use that as a benchmark, which also means SIMA GROUP is capable of completing an entire University in less than 8 month!!!

Bentong type of project, if they wanted anytime also can complete, they purposely do it that way so that they can make more money out of it. That is how experienced developer plan their projects... no wonder they are able to survive for 40 years and 3 major economic crisis as a private company without asking a single sen from external investors.

Now is the time for SIMA GROUP to grow... that is why they are listed via GSB. Be prepare to witness a major property player rising in KLSE anytime now.



Offline Tommy

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #160 on: July 25, 2011, 03:49:50 PM »
say up , saw down ..

but still not moving ...

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #161 on: July 25, 2011, 03:52:42 PM »
hey,do u all think b4?....erm,if insider wan to collect?y dun they collect it cheaper,let it fall 1st..y there is some1 supporting the price?...who is supporting?...r they really insider?....and etc.... :D :D :D...happy thinking..


they cannot let if fall also.. if GSB fall more, confidence may be damaged and it will make it harder for GSB share price to go up next time. When GSB starts to release news, it will surely rally... and they want it to start from 10sen so that GSB share price can form a new bottom at higher price. Eventually GSB will need to raise funds via KLSE... they need GSB share price to go higher because the amount of money that GSB can raise from KLSE depends on its share price. The higher share price, the more money they can raise.

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #162 on: July 25, 2011, 03:55:32 PM »
say up , saw down ..

but still not moving ...

Don't worry... eventually it will go up because they cannot stop news from coming out. Once news starts to roll out... GSB will be un-stoppable.

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #163 on: July 25, 2011, 04:00:59 PM »
Remember, GSB is no ordinary penny stock, this is a very high class privately held property player SIMA GROUP, which did a very quiet backdoor lising via GSB. Still well hidden inside KLSE and left un-noticed. Sooner or later it will be discovered.

Offline Tommy

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #164 on: July 25, 2011, 04:02:20 PM »
hate to tell you this...

the word "eventually" is getting a little tiresome ...

ok hoping for the best.

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #165 on: July 25, 2011, 04:06:52 PM »
hate to tell you this...

the word "eventually" is getting a little tiresome ...

ok hoping for the best.


Wont be very long already.. all their property projects are completing in 1 or 2 month time. They must launch project to replace those completed projects because GSB has a very strong financial condition at the moment, Cash on Hand is more than 6 times larger than their bank borrowings and at the same time they have yet to raise a single sen from KLSE since day 1 of their listing. They more they are delaying their new project announcement the more chances that M&A with SIMA GROUP may be coming soon. The most exciting one will be the Kelana Parklane Project being injected into GSB... because that project is reported to be slowing down as well.

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #166 on: July 25, 2011, 04:41:38 PM »
They choose not to be listed back then, it is their choice. But now they are listed via GSB, things will be different now. They can now go big scale because they are no longer limited by being a private company.

Taman Bentong Makmur is not 36 acres it is 110 acres. 74 acres completed and sold out, means 36 acres is balance from last time. Still have Riverville project 20.6 acres development and JV project in Bentong 52acres. Which means they still have more than 100acres of land to build in Bentong prime location. These projects are there just as a foundation.

Bentong is just the starting point, they will be getting more projects in Klang Valley. Real action has not really started yet.



Sima 40 years of stupid experience.

-Should be a listed 35 years back

-By now should be with massive cheaper land bank!

-Sima not able to complete the problematic Bentong (36acres only) project after 16 years. Sell project to GSb and out of the 36acres, 9 acres still under "Agriculture land". How to start?

Con man loh!


       






Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #167 on: July 25, 2011, 04:52:48 PM »
There is no proof SIMA has taken any cash out of GSB... besides GSB ( formally SMSUMMIT ) where got money to be taken by SIMA GROUP. IF SIMA GROUP did not come in to take over SMSUMMIT, SMSUMMIT would have bankrupt and delisted already by now. SMSUMMIT shareholders were very-very lucky that SIMA GROUP comes in. Until today since 2008, GSB has yet to asked for a single sen from the shareholders.

1. Project is not problematic.. if problematic will they be able to sell all their phases ? They sceduled it such a long period of time is on purpose, get approval first , slowly build let area mature and later phase can sell for higher price and at the same time also no need to worry cannot get approval in the future for development in that area.

2. Untenanted hotel before sales is a very honorable and responsible acts by the GSB management team. If they want, they could have continue to rent out, but they choose not to rent it out. So that they will not cause any troubles to tenants and also buyer.  


By year 2008, Sima & GSB are the same people. Sima injected assets into GSB and cash was taken out of GSB.

Assets injected:

1. Problematic Bentong project (36 acres only minus 9 acres still under agriculture land) which Sima was not able to complete after 16 years.

2.The hotel which Sima knew going to be untenanted after June 2010. 

So folks, how? Not con man meh?


Wakakakakakakakakak!!







Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #168 on: July 25, 2011, 04:54:51 PM »
Before SIMA GROUP took over SMSUMMIT, yes, it was insolvent... but after SIMA GROUP took over, now renamed GSB.. it is no longer insolvent. It has cash on hand more than 6 times larger than bank borrowings. SMSUMMIT has been rescued by SIMA GROUP :) excellent management team now runing GSB ( formally known as SMSUMMIT )


Soon GSb has a huge problem with their cash flow. It is actually insolvent. With the blessing of the banks and the creditors, GSB was given the time to turn around.

Wah like that meh? wakakakakakak!! Con man loh!

 

   




Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #169 on: July 25, 2011, 04:55:54 PM »
you see, the more people try to find faults with GSB and SIMA GROUP... the better it becomes.


Offline hbmil

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #170 on: July 25, 2011, 08:26:27 PM »
Latest Announcement:

Type:      Announcement
Subject:       OTHERS
Description:  PROPOSED JOINT VENTURE BETWEEN GSB SUMMIT DEVELOPMENT SDN BHD AND PROJECTS START SDN BHD

Announcement Details/Table Section :

We refer to our announcement dated 29 June 2011 on the proposed joint venture between the Company's subsidiary, GSB Summit Development Sdn Bhd and Projects Start Sdn Bhd ("Proposed JV"). Further thereto, the Company wishes to announce that the conditions precedent as contained in the agreement on the Proposed JV have all been fulfilled and accordingly, the Proposed JV is now unconditional.

This announcement is dated 25 July 2011.


Tomorrow huat huat liao... :cash: :cash: :cash:

Offline stockraider

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #171 on: July 25, 2011, 08:41:46 PM »
Latest Announcement:

Type:      Announcement
Subject:       OTHERS
Description:  PROPOSED JOINT VENTURE BETWEEN GSB SUMMIT DEVELOPMENT SDN BHD AND PROJECTS START SDN BHD

Announcement Details/Table Section :

We refer to our announcement dated 29 June 2011 on the proposed joint venture between the Company's subsidiary, GSB Summit Development Sdn Bhd and Projects Start Sdn Bhd ("Proposed JV"). Further thereto, the Company wishes to announce that the conditions precedent as contained in the agreement on the Proposed JV have all been fulfilled and accordingly, the Proposed JV is now unconditional.

This announcement is dated 25 July 2011.


Tomorrow huat huat liao... :cash: :cash: :cash:

Raider really tak boleh tahan loh...!
 Brady chicken loh...!
Want to promote n say hot.....also hide under a new id loh...!
Come out n shout kuat kuat mah....! Don be a * loh....!

Offline hbmil

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #172 on: July 25, 2011, 08:49:24 PM »
Raider really tak boleh tahan loh...!
 Brady chicken loh...!
Want to promote n say hot.....also hide under a new id loh...!
Come out n shout kuat kuat mah....! Don be a * loh....!


I'm a new comer just come across this forum...not pretend anyone..ok!!!

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #173 on: July 25, 2011, 09:05:51 PM »
I'm a new comer just come across this forum...not pretend anyone..ok!!!

dont worry about Stockraider... he is just habitual liar ( caught lying over and over again ), nothing he wrote should be taken seriously. It was very unfortunate that he manage to con quite alot of people from this forum in the past. 

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #174 on: July 25, 2011, 09:10:17 PM »
Wow!!! looks like someone manage to grab the new GSB announcement faster than me :)  Looks like this project will be coming live real soon.

Latest Announcement:

Type:      Announcement
Subject:       OTHERS
Description:  PROPOSED JOINT VENTURE BETWEEN GSB SUMMIT DEVELOPMENT SDN BHD AND PROJECTS START SDN BHD

Announcement Details/Table Section :

We refer to our announcement dated 29 June 2011 on the proposed joint venture between the Company's subsidiary, GSB Summit Development Sdn Bhd and Projects Start Sdn Bhd ("Proposed JV"). Further thereto, the Company wishes to announce that the conditions precedent as contained in the agreement on the Proposed JV have all been fulfilled and accordingly, the Proposed JV is now unconditional.

This announcement is dated 25 July 2011.


Tomorrow huat huat liao... :cash: :cash: :cash:


Online Oly Shyte

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #175 on: July 25, 2011, 09:14:17 PM »
dont worry about Stockraider... he is just habitual liar ( caught lying over and over again ), nothing he wrote should be taken seriously. It was very unfortunate that he manage to con quite alot of people from this forum in the past. 
OLD TOWN become GHOST TOWN di ahh?  :giggle:
Disclaimer: Every "I EAT" thread created were totally owned by Oly Shyte based on personal observation. It does not represent any stock promotion, buy, hold or sell call and most importantly gathering followers. Please make your own decision wisely! - OLY Securities Research

Offline Guesst

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #176 on: July 25, 2011, 09:14:31 PM »
Yeah... GSB go go go.. Make  raider and predator have headache with envy!!! :clap: :clap: :clap:

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #177 on: July 25, 2011, 09:17:39 PM »
Yeah... GSB go go go.. Make  raider and predator have headache with envy!!! :clap: :clap: :clap:

More announcement is yet to come.

Offline tips2earn

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #178 on: July 25, 2011, 11:55:43 PM »
Latest Announcement:

Type:      Announcement
Subject:       OTHERS
Description:  PROPOSED JOINT VENTURE BETWEEN GSB SUMMIT DEVELOPMENT SDN BHD AND PROJECTS START SDN BHD

Announcement Details/Table Section :

We refer to our announcement dated 29 June 2011 on the proposed joint venture between the Company's subsidiary, GSB Summit Development Sdn Bhd and Projects Start Sdn Bhd ("Proposed JV"). Further thereto, the Company wishes to announce that the conditions precedent as contained in the agreement on the Proposed JV have all been fulfilled and accordingly, the Proposed JV is now unconditional.

This announcement is dated 25 July 2011.


Tomorrow huat huat liao... :cash: :cash: :cash:



Tomorrow can up ??? 8) 8) 8) 8)
Trust No One But ??            
Trust No One But ??

Offline Parti 1Malaysia

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #179 on: July 25, 2011, 11:58:44 PM »
Wow!!! looks like someone manage to grab the new GSB announcement faster than me :)  Looks like this project will be coming live real soon.


Look like this is an interesting game here.
What do you expect from this?
Parti 1Malaysia  ... Wadah Nasi lemak 1Malaysia !

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #180 on: July 26, 2011, 12:54:52 AM »
Look like this is an interesting game here.
What do you expect from this?

Actually this is not the news I am waiting for... I am waiting for bigger ones :)

Offline viper88

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #181 on: July 26, 2011, 09:00:58 AM »
From the low vol buyers que below seller price... seems still stuck.
The previous news out also no impact on the price... now the current latest news also dont seems to have much strong force to push up the price..
seems only small players playing .... big players all gone missing.


Tomorrow can up ??? 8) 8) 8) 8)

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #182 on: July 26, 2011, 09:07:04 AM »
Not yet, they are still accumulating, GSB just release some small news as a indicator to all of you that GSB is still as solid a a rock. IF GSB is in trouble, will landowner still proceed with the JV project with them ? That JV project is now confirmed already, now only wait for the value and type of properties they are going to build. It will be starting soon... should start in this financial year and that will at least contribute a little bit to this financial year, so my target RM8 million profit for this year can be easily achievable and my 20sen target will also be achieved within this financial year.

Apart from this news, there will be other more exciting news. Especially the juicy Kelana Parklane, I am hoping they inject that into GSB and immediately 20sen target will be achieved.


From the low vol buyers que below seller price... seems still stuck.
The previous news out also no impact on the price... now the current latest news also dont seems to have much strong force to push up the price..
seems only small players playing .... big players all gone missing.


Offline viper88

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #183 on: July 26, 2011, 09:11:28 AM »
The buying vol is very low past few weeks already and hit 0 vol transaction last week... obviously theres no accumulation by the big players.
Only small player are playing because the vol is very thin.

Not yet, they are still accumulating, GSB just release some small news as a indicator to all of you that GSB is still as solid a a rock. IF GSB is in trouble, will landowner still proceed with the JV project with them ? That JV project is now confirmed already, now only wait for the value and type of properties they are going to build. It will be starting soon... should start in this financial year and that will at least contribute a little bit to this financial year, so my target RM8 million profit for this year can be easily achievable and my 20sen target will also be achieved within this financial year.

Apart from this news, there will be other more exciting news. Especially the juicy Kelana Parklane, I am hoping they inject that into GSB and immediately 20sen target will be achieved.



Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #184 on: July 26, 2011, 09:15:06 AM »
The buying vol is very low past few weeks already and hit 0 vol transaction last week... obviously theres no accumulation by the big players.
Only small player are playing because the vol is very thin.


Small players are not interested in this type of counter, small players likes to risk lose money by playing hot counters out there ( high vol counters ). Small players was selling GSB shares while big players / insiders just put buy queue at 10sen to collect. 

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #185 on: July 26, 2011, 09:16:12 AM »
Small players will only be back chasing GSB after it hit past 20sen... that is how small players play shares.

Small players are not interested in this type of counter, small players likes to risk lose money by playing hot counters out there ( high vol counters ). Small players was selling GSB shares while big players / insiders just put buy queue at 10sen to collect. 

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #186 on: July 26, 2011, 09:27:26 AM »
Not old news lah, this is confirmation of that project. Look at latexx, suddenly Merget with YTY cancelled. But GSB confirmed their JV project. This is what we called keeping investors informed... this is just a warning to all of you not to sell your GSB shares because more is to come from GSB. They are not done with just this project, there are more to come. IF GSB is not planing to go big next time and be a major player in KLSE, they could not even be bothered with all these small detail news.



Stupid & inefficient Sima management loh! That announcement old news loh!

Only know to make profit by selling hotel loh and use the proceeds to pay bank borrowings, long sufferring creditors, salaries & balance for the JV loh. They don,t care about the minority shareholders loh. Should use the proceed to pay dividen also loh! Stupid!

Where got profit one! Q1 a loss loh!


 




Offline Cals

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #187 on: July 26, 2011, 09:28:51 AM »
 :P happy morning traders

Offline viper88

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #188 on: July 26, 2011, 09:37:23 AM »
Even with few +ve news out recently, theres not much vol transactions.
Big players or insiders should know something in advance and buy earlier prior to the +ve news but if they only queue to collect low to Zero volume and not buying much/ push up price... they might as well press the price further down to collect it even cheaper. Unless they just want to buy/sell daily in some noticeable vol transaction and maintain current price  to catch other investor attentions to follow buy/sell.
Small players cant do anything if the big players want to make the price plunger further down..

Since all actions not seen lately.. .... my own conclusion: the big players already left and let the stock price free float registering low-0 vol transaction and small players dont dare to buy at higher price or sell.

Calm before the storm or sunlight appear... just be careful.

Small players are not interested in this type of counter, small players likes to risk lose money by playing hot counters out there ( high vol counters ). Small players was selling GSB shares while big players / insiders just put buy queue at 10sen to collect. 

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #189 on: July 26, 2011, 09:44:50 AM »
Predator claims of SIMA GROUP unable to complete Bentong project in 16 years is rubbish, it was scheduled that way from the beginning

Please go and check the Banda Industries Sdn Bhd Acquisition.

http://announcements.bursamalaysia.com/EDMS/annweb.nsf/LsvAllByID/482568AD00295D0748257603003042BD?OpenDocument

Open the PDF file, look at page 7 of that document. That Project is orginally scheduled to start in 1996 and complete in 2018. At first I find it strange also then later think abit, it makes sense. They purposely do it that way, get approval first the longer period the better... then they take their time slowly build. As an experienced developer they know that the future phase will get better selling price as project site becomes more mature. If they complete everything earlier, then they would have make less money from the project. Since they still have 5 more phase to go, means the remaining 5 phase will sell at much much higher price compared to the older phase... because house are more expensive now compared to last time. Very smart strategy by SIMA GROUP, they even thought of it in 1996. That is what experience is all about, unfortunately Predator has none.

Predator claims that SIMA GROUP are not capable to complete projects at a fast pace is totally rubbish. Please read this article by The Edge.

http://www.theedgemalaysia.com/property/175417-city-a-country-sima-group-banks-on-sincerity-to-grow.html

"One the companys most significant projects thus far is Universiti Utara Malaysia (UUM) in Kedah. When we took over the [abandoned] project, UUM was only 35% completed and we needed to revive and complete it within four months. Although it was challenging, we managed to complete UUM in slightly under four months, says Andrea Gan, Seng Biangs daughter. UUM was completed in September 1990."

SIMA GROUP complete 65% of an abandoned university project in just 4 month!!! If you use that as a benchmark, which also means SIMA GROUP is capable of completing an entire University in less than 8 month!!!

Bentong type of project, if they wanted, anytime also can complete, they purposely do it that way so that they can make more money out of it. That is how experienced developer plan their projects... no wonder they are able to survive for 40 years and 3 major economic crisis as a private company without asking a single sen from external investors.

Now is the time for SIMA GROUP to grow... that is why they are listed via GSB. Be prepare to witness a major property player rising in KLSE anytime now.


Predator also claims that SIMA GROUP take away money from GSB. There is no proof SIMA has taken any cash out of GSB... besides GSB ( formally SMSUMMIT ) where got money to be taken by SIMA GROUP. IF SIMA GROUP did not come in to take over SMSUMMIT, SMSUMMIT would have bankrupt and delisted already. SMSUMMIT shareholders were very-very lucky that SIMA GROUP comes in. We are also very lucky to discover GSB transformation this early at their infant stage. Until today since 2008, GSB has yet to asked for a single sen from the shareholders.

Bentong Project is not problematic.. if problematic will they be able to sell all their phases ? They sceduled it such a long period of time is on purpose, get approval first , slowly build let area mature and later phase can sell for higher price and at the same time also no need to worry cannot get approval in the future for development in that area.

2. Untenanted hotel before sales is a very honorable and responsible acts by the GSB management team. If they want, they could have continue to rent out, but they choose not to rent it out. So that they will not cause any troubles to tenants and also buyer. 

SIMA GROUP chooses not to be listed in the past is their choice. We are fortunate that they are now listed via GSB and we can finally invest into a very high class property developer, still at its infant stage in KLSE.

Predator talks about dividend, not now because they still need to grow... in few years time when it is fully grown up...  not only dividends, you can expect your investment capital multiplied by the folds.



Sima 40 years of useless experience. Should be a listed company 35 years back then and by now with massive cheaper land bank!

By year 2008, Sima & GSB are the same people.

Sima injected assets into GSB and cash was taken out of GSB. Assets injected:-
   -Problematic Bentong project (36 acres only minus 9 acres still under agriculture land) which Sima was not able to complete after 16 years and
   -The hotel which Sima knew going to be untenanted after June 2010.

After these deals soon GSb has a huge problem with their cash flow. It is actually insolvent. With the blessing of the banks and the creditors, GSB was given the time to turn around.

GSb has to sell the hotel. Cash generated from the sale is required to pay down their bank borrowings, pay off their long suffering creditors and whatever left over will be eaten by ongoing expenses (esp management salaries).

So folks, why don't the pay dividen meh? They don't care about the minority shareholders loh! This Q1 a loss also!

How now?


   




Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #190 on: July 26, 2011, 09:49:51 AM »
You see, most small holders think like you.. most of them would have given up after seeing low vol.. most likely will throw at buyers. Big players just take advantage of it and just put buy queue and collect, waot for all of you to throw at them at buyer price.

However, they cannot let it fall lower also because they dont want confidence of this counter to be damaged as well, because there will be a time GSB needs to go up significantly and sustain a a higher level. How long will this thing last, I believe it wont be very long from now... because it GSB cannot hold on to news for a very long time... they will have to release projects or M&A announcement soon becaues they have no more property projects in hand.

Even with few +ve news out recently, theres not much vol transactions.
Big players or insiders should know something in advance and buy earlier prior to the +ve news but if they only queue to collect low to Zero volume and not buying much/ push up price... they might as well press the price further down to collect it even cheaper. Unless they just want to buy/sell daily in some noticeable vol transaction and maintain current price  to catch other investor attentions to follow buy/sell.
Small players cant do anything if the big players want to make the price plunger further down..

Since all actions not seen lately.. .... my own conclusion: the big players already left and let the stock price free float registering low-0 vol transaction and small players dont dare to buy at higher price or sell.

Calm before the storm or sunlight appear... just be careful.


Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #191 on: July 26, 2011, 09:56:32 AM »
If u all read again the first few message in this topic.. you will see GSB is no ordinary penny stock, this is SIMA GROUP...

Just read this article again,

http://www.theedgemalaysia.com/property/175417-city-a-country-sima-group-banks-on-sincerity-to-grow.html

"One the companys most significant projects thus far is Universiti Utara Malaysia (UUM) in Kedah. When we took over the [abandoned] project, UUM was only 35% completed and we needed to revive and complete it within four months. Although it was challenging, we managed to complete UUM in slightly under four months, says Andrea Gan, Seng Biangs daughter. UUM was completed in September 1990."

SIMA GROUP complete 65% of an abandoned university project in just 4 month!!! If you use that as a benchmark, which also means SIMA GROUP is capable of completing an entire University in less than 8 month!!!  

JUST HOW MANY COMPANIES ARE ABLE TO DO THAT ?


Like I said many times before SIMA GROUP is not any ordinary company, this is one of the top construction / property developer in the country. Not many have heard of them but those who knows them will have great respect for them. They are very low profile in the past but now that they are listed in KLSE via GSB... you can expect them to rise up high once they starts to get aggressive.

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #192 on: July 26, 2011, 10:01:04 AM »
Apart from new property projects.

With their proven track record of reviving a abandoned project in record time, if they were to bid to revive other abandoned/troubled projects, I am sure their chances of winning it is very very high because they have proven themself.

If u all read again the first few message in this topic.. you will see GSB is no ordinary penny stock, this is SIMA GROUP...

Just read this article again,

http://www.theedgemalaysia.com/property/175417-city-a-country-sima-group-banks-on-sincerity-to-grow.html

"One the companys most significant projects thus far is Universiti Utara Malaysia (UUM) in Kedah. When we took over the [abandoned] project, UUM was only 35% completed and we needed to revive and complete it within four months. Although it was challenging, we managed to complete UUM in slightly under four months, says Andrea Gan, Seng Biangs daughter. UUM was completed in September 1990."

SIMA GROUP complete 65% of an abandoned university project in just 4 month!!! If you use that as a benchmark, which also means SIMA GROUP is capable of completing an entire University in less than 8 month!!!  

JUST HOW MANY COMPANIES ARE ABLE TO DO THAT ?


Like I said many times before SIMA GROUP is not any ordinary company, this is one of the top construction / property developer in the country. Not many have heard of them but those who knows them will have great respect for them. They are very low profile in the past but now that they are listed in KLSE via GSB... you can expect them to rise up high once they starts to get aggressive.


Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #193 on: July 26, 2011, 10:01:41 AM »
Apart from new property projects.

With their proven track record of reviving a abandoned project in record time, if they were to bid to revive other abandoned/troubled projects, I am sure their chances of winning it is very very high because they have proven themself.


Potential of GSB/SIMA GROUP are simply massive. I still cant believe it is 10sen.

Offline Noob Gambler

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #194 on: July 26, 2011, 10:03:09 AM »
Just need to wait for the quarter result. approximately when?

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #195 on: July 26, 2011, 10:07:32 AM »
Look at predator... he is now reduced to almost nothing to complain about GSB already. There is no proof SIMA GROUP has taken money from GSB but plenty of proof that SIMA GROUP has been pumping money into GSB.

1.Bentong Project is not problematic.. if problematic will they be able to sell all their phases ? They sceduled it such a long period of time is on purpose, get approval first , slowly build let area mature and later phase can sell for higher price and at the same time also no need to worry cannot get approval in the future for development in that area. Project is already aproved, land conversion will be no problem... it is just that they leave it as agriculture so that they can make use of the land for agriculture purpose while waiting for development, if not those land can only be used to grow grass and forest, another brilliant strategy by SIMA GROUP, this is what 40 years experience is all about.

2. Untenanted hotel before sales is a very honorable and responsible acts by the GSB management team. If they want, they could have continue to rent out, but they choose not to rent it out. So that they will not cause any troubles to tenants and also buyer. 



No proof that SIMA has taken anything out of GSB.



Sima injected assets into GSB and cash was taken out of GSB.


Assets injected:-

Inject Bentong problematic project still under agriculture land meh? How to build house there meh?

Inject hotel which Sima knew going to be untenanted after June 2010.

Wakakakakaka!! Daylight robbery!

         
             


Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #196 on: July 26, 2011, 10:11:08 AM »
Just need to wait for the quarter result. approximately when?

Dont depend too much on quarterly results... I only fear the hotel sales money might not make it in this quarter. I scare some people might take advantage of the situation if it is below our expectation. However year end results can be guarenteed a very good one because by end of financial year, Hotel sales money sure come in already, plus money from 2 projects ( Laman Ara Utama and Courtyard Villa ) and potentially money from new projects which will be launched anytime now. That is why I set my 20sen target by end of this financial year.

Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #197 on: July 26, 2011, 10:13:12 AM »
Approval for development is already there lah ( conversion is very easy already )... they only need to convert the small piece of land only. They purposely delay the conversion so that they can still make use of the land for Agriculture purpuse.. better than growing grass.


Nothing great about GSb loh!

Bentong still got problem loh. Agriculture land loh! Jv maybe will materialize in year 2013 loh. Jv also agriculture land meh? How to build there? What else to justify the current price meh?

No margin of safety at current price loh! Best buy below 0.075 only loh!

Wakakakakakakak!!!

 
   





Offline viper88

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #198 on: July 26, 2011, 10:15:18 AM »
I didnt invest in GSB because from its performance .. its not suitable for my investment portfolio and risk. From my observation, the recent price movement is very weak and uncertain. The big players also no action yet and seems laying low. No accumulation and vol transaction is just too thin to none activities.
Previously several other penny stocks that have this similarity for "long period" of time either have drop further down, gone into Pn17 or delisted.
Some which have +ve news and strong convincing buyers coming back only suitable to buy in. But currently GSB situation is still unclear ... the risk is quite high actually in my own personal view.

U can chk with other experience remisers, analyst or investors to see what is their opinions/views.
-low vols and 0 vol transactions...
-no movement even when several +ve news..

I'm just a small time investers in KLSE... just sharing my views.

You see, most small holders think like you.. most of them would have given up after seeing low vol.. most likely will throw at buyers. Big players just take advantage of it and just put buy queue and collect, waot for all of you to throw at them at buyer price.

However, they cannot let it fall lower also because they dont want confidence of this counter to be damaged as well, because there will be a time GSB needs to go up significantly and sustain a a higher level. How long will this thing last, I believe it wont be very long from now... because it GSB cannot hold on to news for a very long time... they will have to release projects or M&A announcement soon becaues they have no more property projects in hand.


Offline johnmaster

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Re: GSB Group Berhad ( 7077 ) - The Ultimate Hidden Gem - V9
« Reply #199 on: July 26, 2011, 10:16:41 AM »
At 10sen, you just cannot go wrong investing into GSB if you have the money to hold. It is not very active at the moment, thats why need to hold. But once GSB starts to get aggressive making use of their listing status and gets aggressive in the property market... you will see this company become a hot favourite.

I repeat again, this is not just any ordinary penny stock, GSB is a case of a hidden GEM... yet to be fully discovered, yet to show its true color.