Author Topic: Poor Johnmaster and his GSB  (Read 5480 times)

Offline iiinvestsmart

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Poor Johnmaster and his GSB
« on: July 27, 2017, 11:38:09 AM »
25.7.2017

CFO of GSB resigned to pursue other career opportunities.   :sweat: :cash:


Change in Principal Officer

GSB GROUP BERHAD

Date of change   25 Jul 2017
Name   MR KOH SUI MING
Age   48
Gender   Male
Nationality   Malaysia
Type of change   Resignation
Designation   Chief Financial Officer
Reason   To pursue other career opportunity.
Details of any disagreement that he/she has with the Board of Directors   No
Whether there are any matters that need to be brought to the attention of shareholders   No
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #1 on: July 27, 2017, 11:43:26 AM »
Unless this company is in the affordable housing segment, it is going to be very challenging indeed.

Very poor balance sheet.

Negative returns on capital employed.

 :thumbsdown:
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #2 on: July 27, 2017, 11:51:52 AM »
A BIG RED FLAG is raised high, whenever a CFO of a company resigns.

Be careful with GSB.

 :cash:
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline Oly Shyte

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Re: Poor Johnmaster and his GSB
« Reply #3 on: July 28, 2017, 01:57:56 PM »
Career has been static the same goes with the stock that has been coma for so many years. TP 20 cents still not achievable. GSB emulating as big as MahSing still not happening.

 :(
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 Gladiator

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Re: Poor Johnmaster and his GSB
« Reply #4 on: July 31, 2017, 05:47:37 PM »
Please give GSB another 30 years, by 2050 will be able to reach 20 sen

 :cash: :cash: :cash:

Offline ahbah

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Re: Poor Johnmaster and his GSB
« Reply #5 on: July 31, 2017, 05:55:33 PM »
Please no attack a person who oredi was not here anymore lah.  :thumbsdown: :thumbsdown: :thumbsdown:

It is a disqualified blow.  :thumbsdown: :thumbsdown: :thumbsdown:

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #6 on: July 31, 2017, 07:33:02 PM »
Please no attack a person who oredi was not here anymore lah.  :thumbsdown: :thumbsdown: :thumbsdown:

It is a disqualified blow.  :thumbsdown: :thumbsdown: :thumbsdown:


Johnmaster was the great promoter for GSB.

He got burnt, perhaps.   :cash:
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline Oly Shyte

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Re: Poor Johnmaster and his GSB
« Reply #7 on: July 31, 2017, 08:04:11 PM »
Please give GSB another 30 years, by 2050 will be able to reach 20 sen

 :cash: :cash: :cash:
Mr Market unsure of your request..... :speechless:
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 Oly Shyte

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Re: Poor Johnmaster and his GSB
« Reply #8 on: July 31, 2017, 08:04:50 PM »
Please no attack a person who oredi was not here anymore lah.  :thumbsdown: :thumbsdown: :thumbsdown:

It is a disqualified blow.  :thumbsdown: :thumbsdown: :thumbsdown:
It is his loss not ours...... :'(
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

Online Ļaughing Ģor

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Re: Poor Johnmaster and his GSB
« Reply #9 on: August 01, 2017, 07:24:32 AM »
25.7.2017

CFO of GSB resigned to pursue other career opportunities.   :sweat: :cash:


Change in Principal Officer

GSB GROUP BERHAD

Date of change   25 Jul 2017
Name   MR KOH SUI MING
Age   48
Gender   Male
Nationality   Malaysia
Type of change   Resignation
Designation   Chief Financial Officer
Reason   To pursue other career opportunity.
Details of any disagreement that he/she has with the Board of Directors   No
Whether there are any matters that need to be brought to the attention of shareholders   No

This is good. Lousy one go to make room for good one.
Can someone to give me a Loan and then leave me Alone?

Online Ļaughing Ģor

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Re: Poor Johnmaster and his GSB
« Reply #10 on: August 01, 2017, 07:25:34 AM »
Unless this company is in the affordable housing segment, it is going to be very challenging indeed.

Very poor balance sheet.

Negative returns on capital employed.

 :thumbsdown:

Light on balance sheet and temporary setback means it is a potential gem, unlike other blue cheats that has peak at bottleneck.
Can someone to give me a Loan and then leave me Alone?

Online Ļaughing Ģor

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Re: Poor Johnmaster and his GSB
« Reply #11 on: August 01, 2017, 07:26:53 AM »
A BIG RED FLAG is raised high, whenever a CFO of a company resigns.

Be careful with GSB.

 :cash:

The CFO is 48. So old already sure retire and go China climb great wall lah.

Tay Hong Piau of Public Bank also announce his retirement.
Can someone to give me a Loan and then leave me Alone?

Online Ļaughing Ģor

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Re: Poor Johnmaster and his GSB
« Reply #12 on: August 01, 2017, 07:27:48 AM »
Please give GSB another 30 years, by 2050 will be able to reach 20 sen

 :cash: :cash: :cash:
Eat steamboat also must patient or else burn the lips mah. But no need 30 years lah.


Maybe 3 years lah.
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Online Ļaughing Ģor

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Re: Poor Johnmaster and his GSB
« Reply #13 on: August 01, 2017, 07:28:51 AM »
Please no attack a person who oredi was not here anymore lah.  :thumbsdown: :thumbsdown: :thumbsdown:

It is a disqualified blow.  :thumbsdown: :thumbsdown: :thumbsdown:

Exactly. Like I also people still whack Chua Soi Leck on KL blow water after so many years. Walao eh, let ashes be ashes already lah.
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Online Ļaughing Ģor

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Re: Poor Johnmaster and his GSB
« Reply #14 on: August 01, 2017, 07:29:31 AM »
It is his loss not ours...... :'(

JM disappearance is everyone losses.

Everybody love Johnny.
Can someone to give me a Loan and then leave me Alone?

Offline Oly Shyte

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Re: Poor Johnmaster and his GSB
« Reply #15 on: August 01, 2017, 10:30:07 AM »
JM disappearance is everyone losses.

Everybody love Johnny.
He's on depression because his bull-shyte seems not working.  :S
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Offline Gladiator

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Re: Poor Johnmaster and his GSB
« Reply #16 on: August 01, 2017, 10:44:06 AM »
Please no attack a person who oredi was not here anymore lah.  :thumbsdown: :thumbsdown: :thumbsdown:

It is a disqualified blow.  :thumbsdown: :thumbsdown: :thumbsdown:

John Master went to ~ forum continue to promote his GSB, I will go there and give it a qualify blow...

 :devil: :devil: :devil:

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #17 on: August 01, 2017, 11:42:31 AM »
Johnmaster wrote beautifully.  He wrote twisting the facts.

GSB was going to be a fabulously cash rich company with a clear growth path.  The selling of the hotel for cash was interpreted and translated into earnings which when multiplied with his PE would equalled a certain price making GSB very undervalued!   :)

But the trutb was the hotel was sold for 12 m cash essentially to pay down debt and for its working capital.  Its business required continuing high financing by the banks and selling the hotel was just to ensures its liquidity, solvency and continuing its business.

It was a one off asset sale which Johnmaster tried to confuse his readers as recurrent and future incomes.

Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline Oly Shyte

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Re: Poor Johnmaster and his GSB
« Reply #18 on: August 01, 2017, 03:32:46 PM »
Johnmaster wrote beautifully.  He wrote twisting the facts.

GSB was going to be a fabulously cash rich company with a clear growth path.  The selling of the hotel for cash was interpreted and translated into earnings which when multiplied with his PE would equalled a certain price making GSB very undervalued!   :)

But the trutb was the hotel was sold for 12 m cash essentially to pay down debt and for its working capital.  Its business required continuing high financing by the banks and selling the hotel was just to ensures its liquidity, solvency and continuing its business.

It was a one off asset sale which Johnmaster tried to confuse his readers as recurrent and future incomes.
He's a journalist of delusional.  :thumbsup:
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Offline Oly Shyte

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Re: Poor Johnmaster and his GSB
« Reply #19 on: August 01, 2017, 03:33:16 PM »
John Master went to ~ forum continue to promote his GSB, I will go there and give it a qualify blow...

 :devil: :devil: :devil:
Old habit hard to die.........  :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 stockraider

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Re: Poor Johnmaster and his GSB
« Reply #20 on: August 02, 2017, 12:05:06 AM »
Must understand loh....!!
When grandmaster Johnmaster promoted GSB it was Rm 0.075 mah....!!

Now already up Rm 0.11 far higher than his cost loh....!!

U CALL THIS GOT BURNED MEH ??

Online Ļaughing Ģor

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Re: Poor Johnmaster and his GSB
« Reply #21 on: August 02, 2017, 12:09:51 AM »
Must understand loh....!!
When grandmaster Johnmaster promoted GSB it was Rm 0.075 mah....!!

Now already up Rm 0.11 far higher than his cost loh....!!

U CALL THIS GOT BURNED MEH ??

 :clap: :clap: :clap:
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Offline Oly Shyte

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Re: Poor Johnmaster and his GSB
« Reply #22 on: August 02, 2017, 02:23:30 AM »
Must understand loh....!!
When grandmaster Johnmaster promoted GSB it was Rm 0.075 mah....!!

Now already up Rm 0.11 far higher than his cost loh....!!

U CALL THIS GOT BURNED MEH ??
Feels like he just promoted yesterday don't you?  :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 iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #23 on: August 02, 2017, 09:27:05 AM »
Johnmaster was greedy.

He promoted this counter. 

Yes, it jumped from 5 sen or 6 sen.

As was usually the case for many others too.

Did they stop buying or sell?

No, he said he sold his cars, bicycle, furnitures, houses, cashed out his FDs, etc.  :)  (exaggerating a bit)  to buy more.

He believed this is the one sure thing.

I think that was already a few years back.

Poor Johnmaster.

I hope he and his family is alright.

 :cash:
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline ahbah

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Re: Poor Johnmaster and his GSB
« Reply #24 on: August 02, 2017, 11:22:40 AM »
Must understand loh....!!
When grandmaster Johnmaster promoted GSB it was Rm 0.075 mah....!!

Now already up Rm 0.11 far higher than his cost loh....!!

U CALL THIS GOT BURNED MEH ??

This is long term investment in peni stock which is outside 3i circle of competence lah ?

Offline Oly Shyte

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Re: Poor Johnmaster and his GSB
« Reply #25 on: August 02, 2017, 02:47:05 PM »
This is long term investment in peni stock which is outside 3i circle of competence lah ?
Nope he never said it was long term and mind you he delusional claimed that GSB will be bigger than MahSing. It's been years now and he can't even beat PTGTIN current price...... :nod:

Sad but true!  :'(
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 iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #26 on: August 02, 2017, 03:45:07 PM »
Nope he never said it was long term and mind you he delusional claimed that GSB will be bigger than MahSing. It's been years now and he can't even beat PTGTIN current price...... :nod:

Sad but true!  :'(


Are u confirming JM has delusion of the grandest one?

JM too mentioned that GCB will be the next Nestle.

He "kaputed" when it dropped 20% from his buying price.

Another of his grand scheme gone awry.

 :cash:
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline stockraider

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Re: Poor Johnmaster and his GSB
« Reply #27 on: August 02, 2017, 04:28:18 PM »

Are u confirming JM has delusion of the grandest one?

JM too mentioned that GCB will be the next Nestle.

He "kaputed" when it dropped 20% from his buying price.

Another of his grand scheme gone awry.

 :cash:

Veli boloh...loh...!!
The objective is to make monies and no lose mah...!!
GSB make monies no lose already good mah....!!

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #28 on: August 02, 2017, 05:21:44 PM »
Veli boloh...loh...!!
The objective is to make monies and no lose mah...!!
GSB make monies no lose already good mah....!!


Raider is truly dishonest.   


Terrible. 
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline stockraider

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Re: Poor Johnmaster and his GSB
« Reply #29 on: August 02, 2017, 05:30:27 PM »

Raider is truly dishonest.   


Terrible.

Where got dishonest, the result indicate john  make monies loh...!!
Pls do not bad mouthed him mah....!!

Yes GSB did not become another mahsing....thats is not the point loh...if GSB become mahsing n u lose monies what is the point leh ??

Please thinklah...no bad mouth john and be objective loh...!!

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #30 on: August 02, 2017, 06:00:36 PM »
Where got dishonest, the result indicate john  make monies loh...!!
Pls do not bad mouthed him mah....!!

Yes GSB did not become another mahsing....thats is not the point loh...if GSB become mahsing n u lose monies what is the point leh ??

Please thinklah...no bad mouth john and be objective loh...!!


Poor John. 
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline stockraider

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Re: Poor Johnmaster and his GSB
« Reply #31 on: August 02, 2017, 06:01:40 PM »

Online Ļaughing Ģor

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Re: Poor Johnmaster and his GSB
« Reply #32 on: August 02, 2017, 07:25:47 PM »
Johnmaster was greedy.

He promoted this counter. 

Yes, it jumped from 5 sen or 6 sen.

As was usually the case for many others too.

Did they stop buying or sell?

No, he said he sold his cars, bicycle, furnitures, houses, cashed out his FDs, etc.  :)  (exaggerating a bit)  to buy more.

He believed this is the one sure thing.

I think that was already a few years back.

Poor Johnmaster.

I hope he and his family is alright.

 :cash:

Hello Mr 3i

It was 5 or 6 sen when John promoted it. Within 5 years jump to 11.5 -12 sens.

Although never hit TP20, this is consider an excellent result.

Stop highlighting the fact GSB did not reach the promoted TP.

Highlight the fact it double in 5 years time.

Highlight the fact it double in 5 years time.

Highlight the fact it double in 5 years time.

Highlight the fact it double in 5 years time.

Highlight the fact it double in 5 years time.

Highlight the fact it double in 5 years time.

Highlight the fact it double in 5 years time.

Highlight the fact it double in 5 years time.

Highlight the fact it double in 5 years time.

Highlight the fact it double in 5 years time.

Highlight the fact it double in 5 years time.
Can someone to give me a Loan and then leave me Alone?

Offline ahbah

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Re: Poor Johnmaster and his GSB
« Reply #33 on: August 02, 2017, 08:19:50 PM »
GSB is not within 3i circle of competence. As such, his quality of comments on GSB is that of a kampong kid onli.  :D :D :D

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #34 on: August 02, 2017, 08:22:05 PM »
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #35 on: August 02, 2017, 08:36:48 PM »
With the RM22 million cash coming in from hotel sales and more money will be coming in from their two completing, They will end up with alot of cash on hand. Strangely, they have yet to launch any new projects... new project launch is unavoidable, or are they preparing to take over the Kelana Parklane project ? Whatever it is, it will give GSB a big boost. GSB is about to move into a new era... massive potential ahead. okay... V6 with new updated info on GSB... hopefully this will be the last version before GSB set sail to cross my minimum 20sen target.
http://www.investlah.com/forum/index.php/topic,23389.msg466912.html#msg466912


yep.. for a  8.5sen company, any slight provocation.. it will shoot up sky high ( with this Johore project coming up, I am not taking any chances ). Very few below 10sen company left in KLSE that are safe to invest. GSB have very small bank borrowings, last time I check was less than RM5 million.
http://www.investlah.com/forum/index.php/topic,63466.msg1226984.html#msg1226984

 
GSB Is Bigger Than Mah Sing?
http://www.investlah.com/forum/index.php/topic,73805.0.html


 GSB turning around 29/5/2015  (Read 1759 times)
http://www.investlah.com/forum/index.php/topic,70456.0.html


The last time GSB do private placement, GSB shares rose from 8sen to 14sen before dropping back to 10.5sen, so this time from 11 sen, plus incoming financial results not sure will rose to what price,
http://www.investlah.com/forum/index.php/topic,70236.0.html




Just reviewing Johnmaster's promotion of GSB.

Rather fascinating stuff.

Poor John.
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #36 on: August 02, 2017, 08:43:46 PM »
GSB is not within 3i circle of competence. As such, his quality of comments on GSB is that of a kampong kid onli.  :D :D :D



I avoid such counters like GSB as my investing is based on very strict stock selection criteria.


Among my counters:



Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #37 on: August 02, 2017, 08:57:04 PM »
GSB is not within 3i circle of competence. As such, his quality of comments on GSB is that of a kampong kid onli.  :D :D :D




I pump petrol in PetDag stations, drink Milo or Nescafe in the morning, enjoy a DLady yoghurt or ice-cream for tea time, deposit my money in PBB and insured my properties with LPI .  In the weekends, during my visits to the mall, I enjoy observing people paying their loans at the Aeon Credit outlets and the occasional Guinness stout.  :-)     :D
   :)
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #38 on: August 02, 2017, 09:24:05 PM »
If I can recollect from my reading of its annual report:

GSB is asset rich.

It has significant debts.  Total debts/equity =1

It has very poor or negative earnings.

Its interest cover is precarious.

It has an obligation to pay for a piece of land bought in Bentong.

However, it is struggling to fulfill its obligation or manages with difficulties.

It offered 2 completed buildings in lieu of cash payments.

Its development project in Bentong has good take up rate.

Its project in Johor has sold ?20% due to downturn in the housing market.

Rightly, it has deferred commencing new projects.

Its CD business continues to bleed every year.

Its relstively young CFO chose to leave to pursue his interest elsewhere.
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline Oly Shyte

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Re: Poor Johnmaster and his GSB
« Reply #39 on: August 02, 2017, 10:16:26 PM »
If I can recollect from my reading of its annual report:

GSB is asset rich.

It has significant debts.  Total debts/equity =1

It has very poor or negative earnings.

Its interest cover is precarious.

It has an obligation to pay for a piece of land bought in Bentong.

However, it is struggling to fulfill its obligation or manages with difficulties.

It offered 2 completed buildings in lieu of cash payments.

Its development project in Bentong has good take up rate.

Its project in Johor has sold ?20% due to downturn in the housing market.

Rightly, it has deferred commencing new projects.

Its CD business continues to bleed every year.

Its relstively young CFO chose to leave to pursue his interest elsewhere.
:clap:
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 stockraider

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Re: Poor Johnmaster and his GSB
« Reply #40 on: August 02, 2017, 11:38:33 PM »
If I can recollect from my reading of its annual report:

GSB is asset rich.

It has significant debts.  Total debts/equity =1

It has very poor or negative earnings.

Its interest cover is precarious.

It has an obligation to pay for a piece of land bought in Bentong.

However, it is struggling to fulfill its obligation or manages with difficulties.

It offered 2 completed buildings in lieu of cash payments.

Its development project in Bentong has good take up rate.

Its project in Johor has sold ?20% due to downturn in the housing market.

Rightly, it has deferred commencing new projects.

Its CD business continues to bleed every year.

Its relstively young CFO chose to leave to pursue his interest elsewhere.

What type of mumbo jumbo ?

The fact is John Board GSB at Rm 0.075 can sell Rm 0.11 loh....!!

In between John had done & trade many profitable round....with GSB showed sound volatility of up down many round loh...!!

John should be able to make good return here loh....!!

In making monies....there is many way to skin a cat mah....!!

Show some respect to john...one of the greatest stock picker in the history of investlah mah...!!

Do not simply talk bad of him behind john's back loh....!!


Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #41 on: August 03, 2017, 07:04:57 AM »
raider lacks integrity.

Very dishonest.

Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #42 on: August 03, 2017, 07:10:54 AM »
raider lacks integrity.

Very dishonest.


He is not truthful.

Like the time when he responded to my post on Dali.

raider should be objective, rather than emotive.

KYY challenged raider.

KYY offered to give him a dollar for a dollar of any of his gains in his stock market.

raider was unable to respond meaningfully.

Instead, raider went on a barrage of verbal abuses against KYY.

Being honest is difficult for raider.


Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #43 on: August 03, 2017, 07:12:31 AM »
Johnmaster is a terrible stock picker.

He has a string of losers.

He should take lessons from KCChong or KYY.

Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #44 on: August 03, 2017, 08:41:18 AM »
The risks in property development are:

1.  Insufficient own capital to fund the project.
2.  Over-leverage and excessive borrowings.
3.  Poor sales for various reasons - poor location, industry related reasons.
4.  Cyclical downturn.

Many property projects are launched in the cyclical upturn of the industry.  Soon many more jumped in the game.  When the cyclical downturn comes, the weaker developers suffer.


 :( 


you know why ? because GSB aready make RM4.4 million profit from hotel sales.. that alone will translate into a 300% improvement over last year profit of RM1.6 million. We still have profits from 2 completing housing projects that has yet to be captured into the accounts.. and possibility of more for the next 9 month. My target is RM8 million profit for this financial year.. which will bring GSB PE = 10x when GSB share price is 20sen. This is a very very good PE figure for a company growing this fast..

look at these data

Full Year ( Profit/Loss )
2008 = -4,765K
2009 = -3,788K
2010 = -879K
2011 = 1,629K

2008-2009, grow by 30%
2009-2010, grow by about 400%
2010-2011, grow by about 300%
2011-2012, grow by a minimum of 300% ( because hotel sales alone RM4.4 million is already 300% )




At 11 sen counter, GSB's market cap = $ 44 million.
At 15 sen, GSB's market cap = $ 60 million.
At 20 sen, GSB's market cap = $ 80 million.

For $ 44 million or higher price-tag, what do you get?

1.  VCD manufacturing business. (Gruesome business.)
2.  Profits from 2 recently completed projects (Laman Ara Utama in Bandar Utama & Courtyard Villa @ Taman Bentong Makmur in Bentong) and profits from sale of Ritz hotel. (Non-recurring income.)
3.  Existing assets of GSB and subsidiaries. (Two very small pieces of lands  in Kedah and company executive flats in KL - nothing of significance.)
4.  Two blue ocean projects (BISB development, and the recently announced GSD JVA).
5.  Maybe many more other unannounced or to be announced projects. (Hopes).
6.  Association with Sima Group and Andrea Gan.

Therefore, GSB is a speculative stock at the moment.  Do not confuse your investing with speculating.  :)




The risks in property development are:

1.  Insufficient own capital to fund the project.
2.  Over-leverage and excessive borrowings.
3.  Poor sales for various reasons - poor location, industry related reasons.
4.  Cyclical downturn.

Many property projects are launched in the cyclical upturn of the industry.  Soon many more jumped in the game.  When the cyclical downturn comes, the weaker developers suffer.

Look at Sima Group's website.  They were without any significant projects for many long years during the last 40 years.   Why?


Nothing sinister.
The message is simple.
Here are the earnings projections.
Do your OWN valuations.


 :clap: :clap: :clap: :clap: :clap:


Historical results.

Full Year ( Profit/Loss )
2008 = -4,765K
2009 = -3,788K
2010 = -879K
2011 = 1,629K = ANNOUNCED THIS QUARTER

4th Quarter ( Profit/Loss )
2008 = -3,241K
2009 = -1,161K
2010 = -982K
2011 = -306K  = ANNOUNCED THIS QUARTER

Recent Financial Results

RM '000
Date   Financial Yr. End   Qtr   Period End   Revenue   Profit/Lost   EPS   Net P.Marg
27-May-11      31-Mar-11      4   31-Mar-11      3,972      -306      -0.08       -7.7%
25-Feb-11      31-Mar-11      3   31-Dec-10      11,717      1,136      0.28      +9.7%
26-Nov-10      31-Mar-11      2   30-Sep-10      8,100      -121      -0.03       -1.5%
25-Aug-10      31-Mar-11      1   30-Jun-10      7,440      995      0.25       +13.4%
27-May-10      31-Mar-10      4   31-Mar-10      4,182      -982      -0.25       -23.5%

ttm-EPS
= 0.25 - 0.03 + 0.28 - 0.08
= 0.42 sen

At market price of:
10 sen per share:  historical PE = 10/0.42 = 23.8x   :clap: :clap: :sweat: :sweat:     
15 sen per share:  historical PE = 15/0.42 = 35.7x   :clap: :clap: :sweat: :sweat:   
20 sen per share:  historical PE = 20/0.42 = 47.6x   :clap: :clap: :sweat: :sweat:   


ASSUMPTIONS:

Laman Ara Utama in Bandar Utama, Courtyard Villa @ Taman Bentong Makmur in Bentong, and sale of asset, Ritz Garden Hotel (for $22 m in cash).
2011 projected earnings:  $ 8 m (or 2 sen per share)


Banda Industries Sdn. Bhd. (BISB)

A new projects yet to be launched, maybe 2012.
GDV over 4 years of 300m
Net profit margin 15%
Net profit $ 45m over 4 years (about $ 11 m per year or 2.75 sen per share per year, for 4 years.)


GSB Summit Development Sdn. Bhd. (GSD)

New JVA announced on 29-6-2011 (yet to be launched, maybe 2012.)
This will not be material for earnings of 2011.
Estimated GDV = $ 48 million
Assuming net profit of 15%
Estimated Tenure of project = 4 years.
Estimated total net profit = $ 7.2 m over 4 years (or about $ 1.8 m per year or 0.45 sen per share per year, for 4 years)


More Assumptions.

Dan lain lain projects yang belum atau mungkin di-umumkan. :)



EARNINGS PROJECTIONS

Net asset value per share as per latest quarter $ 0.0946 or 9.46 sen
Number of outstanding shares 400m
Book value 38m


Earnings projection over the next few years
2011 8m (or 2 sen per share)
2012 11m + 1.8m = 12.8m (or 3.2 sen per share)
2013 11m + 1.8m = 12.8m (or 3.2 sen per share)
2014 11m + 1.8m = 12.8m (or 3.2 sen per share)
2015 11m + 1.8m = 12.8m (or 3.2 sen per share)

Net asset value projection over the next few years
2011 38m + 8m = 46m (or 11.5 sen per share)
2012 46m + 12.8 = 58.8m (or 14.7 sen per share)
2013 58.8m + 12.8 = 71.6m (or 17.9 sen per share)
2014 71.6m + 12.8 = 84.4m (or 21.1 sen per share)
2015 84.4m + 12.8m = 97.2m (or 24.3 sen per share)

Present value, also known as present discounted value, is the value on a given date of a future payment or series of future payments, discounted to reflect the time value of money and other factors such as investment risk. Present value calculations are widely used in business and economics to provide a means to compare cash flows at different times on a meaningful "like to like" basis.

What discount factor would you employ in your DCF valuation for GSB?

DO YOUR OWN VALUATIONS.
:handshake: :handshake: :handshake: :handshake: :handshake: :handshake: :handshake: :handshake: :handshake:
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline Oly Shyte

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Re: Poor Johnmaster and his GSB
« Reply #45 on: August 03, 2017, 10:21:29 AM »
stockraider is saudagar minyak. He has actually less than 5% knowledge about property. He's a massive fan about oil stocks. In fact he must be working for ESSO or maybe San Miguel......  :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 stockraider

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Re: Poor Johnmaster and his GSB
« Reply #46 on: August 03, 2017, 11:04:06 AM »
stockraider is saudagar minyak. He has actually less than 5% knowledge about property. He's a massive fan about oil stocks. In fact he must be working for ESSO or maybe San Miguel......  :giggle:

raider stock investor, trader and speculator mah....!!

Objective is make monies loh....!!


Offline stonebridge

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Re: Poor Johnmaster and his GSB
« Reply #47 on: August 03, 2017, 11:21:46 AM »
THIS FELLOW AH JOHN IS THE WORST GAMBLER IN THE INVESTLAR FORUM UND......

HE IS SELLING HIS OWN UNDERWEARS AT PASAR PAGI AND MALAM DAY AND NIGHT WITHOUT REST POOR AH JOHN HAHAHA.....
You will never miss what you never had!

Offline stockraider

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Re: Poor Johnmaster and his GSB
« Reply #48 on: August 03, 2017, 11:26:24 AM »
John is enterprising mah...not gambler lah...!!

Offline iiinvestsmart

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Re: Poor Johnmaster and his GSB
« Reply #49 on: August 03, 2017, 11:37:12 AM »
THIS FELLOW AH JOHN IS THE WORST GAMBLER IN THE INVESTLAR FORUM UND......

HE IS SELLING HIS OWN UNDERWEARS AT PASAR PAGI AND MALAM DAY AND NIGHT WITHOUT REST POOR AH JOHN HAHAHA.....


JM is a gambler.
He needs to control his gambling.

Seriously!   
Poor John.
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.