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Friday, April 29, 2016

Friday, 29 April 2016 Earnings potential for Cityneon

UOB: Recurring income possible if Star Media subsidiary secures naming rights

PETALING JAYA: Singapore-listed Cityneon Holdings Ltd, a subsidiary of the Star Media Group, could see potential surprises in earnings especially if it secures the naming rights to the Las Vegas property, as well as additional intellectual property rights.

Cityneon’s unit Victory Hill Exhibitions Pte Ltd (VHE) holds the rights to operate, market and promote the Marvel exhibits for display in museums and science centres or other similar venues.

In a note yesterday, UOB KayHian Research said securing the naming rights would provide the company with a steady stream of recurring income with close to a 100% cost-pass through.


It added that Cityneon had indicated that it is speaking with various parties about the naming rights to the Las Vegas property that will house the Avengers Station (Scientific Training and Tactical Intelligence Operative Network) and Trans-formers Experience exhibits.

In January, it was reported that wireless operator T-Mobile bought the naming rights to a US$375mil property built by MGM Resorts International and Anschutz Entertainment Group for slightly less than US$6mil per year (T-Mobile Arena).

Given the proximity between Treasure Island, where the exhibits will be located, and T-Mobile Area, UOB expected that the naming rights could possibly fetch a comparable rate to that of the T-Mobile deal.

It added that it would make sense for Cityneon to seek a Chinese mobile handset manufacturer such as Huawei, ZTE, Lenovo or Xiaomi as a naming rights sponsor for the Las Vegas property.

This is because the Samsung smart watch played a big role in Cityneon’s Seoul exhibit. Cityneon also developed a dedicated app for use within the Avengers Station attractions for iOS and Android.

Also, Cityneon’s partnership with Starclouds in China demonstrates its intent to focus on China. “This would also provide a Chinese mobile handset manufacturer with the perfect avenue to advertise and penetrate the US market where 90% of the 42 million annual Las Vegas visitors are from domestic grounds,” it said.

Another catalyst for Cityneon is securing additional intellectual property rights. So far, UOB’s forecasts have only accounted for the Hasbro and Marvel Entertainment intellectual property rights.

“If Cityneon is able to secure additional intellectual property rights for other franchises such as DC Comics or Star Wars, we will see further upside to our earnings forecasts and valuation,” it said.

Cityneon opened the Avengers Station attraction at Esplanade de La Défense in Paris France on April 15, which is slated to run until Sept 25. The research house believes that it has surpassed expectations, partly due to the school holiday spring break in Paris, Versailles, Toulouse and Montpellier as well as the release of Marvel’s Captain America: Civil War.

Judging by how well Global Experience Specialists which owns the rights to Harry Potter: The Exhibition, did last year, UOB said the Avengers Station could possible see an excess of 400,000 visitors over the five-month stretch.

Cityneon currently has three completed exhibits globally with one more in the midst of construction in 2016.



“We forecast Cityneon will deliver an explosive adjusted three-year earnings per share compounded annual growth rate of 107% from 2015 to 2018.”

JF Apex: Positive on Gadang’s future earnings

KUALA LUMPUR: JF Apex is positive on Gadang’s future earnings given its recent order book replenishment of RM560mil from RAPID projects as well as sales activities generated by its flagship property projects.

It maintains its Buy call on Gadang with unchanged target price of RM2.59, pegged to a PER of 8.4x of diluted financial year ending May 31, 2016 EPS of 31 sen.

“We continue to favour the group for its well-diversified business model as well as its ability to achieve growth across all divisions,” the research house said on Friday.

Gadang’s recent nine-month results were above JF Apex’s expectations, with revenue and net profit matching 59% and 79% of its topline and bottomline forecast for 2016 respectively.

Gadang recorded a RM175.9mil in revenue and RM25.1mil in net profit for 3Q16. The improved performance was mainly attributed to higher work-in progress for both construction and property segments.

For the nine-month period, it recorded RM427.3min in revenue and RM63.6mil in net profit due to higher margin from its construction and property projects.

To-date, the outstanding order book of RM889.5mil will enable the group to sustain its revenue visibility over 1.5 year or 1.5 times of 2015 revenue. The Group recently tendered over RM10bil worth of jobs, namely RAPID, KVMRT2, DASH and SUKE.

“We believe the group stays high chance to further replenish its order book given its experience in both KVMRT1 and RAPID jobs,” the research house said.

For the property segment, JF Apex remains neutral given the lacklustre macro outlook for the industry. Looking forward, the property segment is underpinned by its unbilled sales of RM243.5mil as of Feb 29, 2016 with revenue visibility over 2 times of 2015 revenue property segment.

Seadrill to exit SapuraKencana

PETALING JAYA: Seadrill Ltd is seeking to sell up to RM815mil worth of shares in SapuraKencana Petroleum Bhd, marking its exit as a shareholder in the Malaysian oil and gas firm, sources say.

Seadrill is said to be seeking a valuation of between RM1.56 to RM1.66 per share for its block of some 490 million shares. This would represent a discount of between 6.2% and 11.9% to SapuraKencana’s closing price of RM1.77 in the open market yesterday.

Morgan Stanley and Maybank are acting as co-book runners for the deal.

“A bookbuilding exercise has begun and the whole deal is well covered. There has been encouraging demand for the shares on offer from both domestic and international participants,” said a banker who is linked to the corporate exercise.


The deepwater drilling contractor currently holds an 8.2% stake in SapuraKencana. Norwegian tanker and shipping tycoon John Fredriksen, who controls Seadrill via his majority shareholding, exited SapuraKencana’s board of directors in June last year.

According to a source, the sale was initiated by Seadrill due to its challenging financial position at present. The company is said to be in the midst of a massive restructuring exercise in order to pare down more than US$10bil in existing debts, which could force it to quickly raise some funds in the meantime.

“The firm is strapped for cash, so their bankers have advised them to pursue the stake sale. Despite that, all existing business relationships between Seadrill and SapuraKencana will remain intact,” he said.

In May 2013, the two parties had successfully integrated their rig business following SapuraKencana’s US$2.9bil acquisition of Seadrill’s tender rig operations.

In June that year, their joint venture company secured a US$2.7bil contract from Brazil’s state-run oil giant Petrobras, which is now embroiled in a financial and political scandal.

Seadrill was at one point SapuraKencana’s second largest shareholder prior to selling off part of its stake following the merger between Sapura Crest Petroleum and Kencana Petroleum back in 2012.

Right after the merger’s completion, Seadrill sold 300 million shares at RM2.12 each, equating to a 6% stake in the newly merged SapuraKencana and in April 2014, itsold a further 230 million shares, paring down its stake by 3.8% from 12% previously.

It is worth noting that this previous share sale was transacted at RM4.30 per share, which was done during the heydays of the global oil and gas boom market.



Since then, SapuraKencana’s shares has lost more than half of its value.

Friday, 29 April 2016 Local funds mop up SapKen

They take up most of 8.2% block of shares sold by Seadrill

PETALING JAYA: Local institutional funds took up most of the shares in the sale of an 8.2% block of SapuraKencana Petroleum Bhd (SapKen) shares by Norway-based Seadrill Ltd, indicating a decent appetite for oil and gas firms despite the weak market.

The Employees Provident Fund, Lembaga Tabung Haji and Great Eastern Holdings Ltd were the main local institutions that participated in the SapKen stake sale, sources said. Local institutions took up around 60% of the shares on sale, with the balance acquired by foreign funds, including some hedge funds.

To recap, a book-building process of the 8.2% block of SapKen shares at a price range of RM1.56 to RM1.66 apiece began after the market closed on Wednesday evening. By late that night, the process ended with the price being fixed at RM1.58 apiece. Morgan Stanley and Malayan Banking Bhd had acted as co-book runners for the deal.


That price tag was close to a 11% discount from SapKen’s closing price of RM1.77 on Wednesday.

The stake sale sent SapKen’s shares down by 13.5 sen to close yesterday at RM1.64. Notably, the volume traded yesterday was more than 100 million shares, a big jump from the average daily trading volume and an indication that some takers of the Seadrill block of SapKen shares may have taken profit on the same day of receiving their shares from the block sale.

SapKen’s share price decline of 7.3% at its close yesterday had a weighting on the FTSE Bursa Malaysia KL Composite Index by 1.333 points. The index fell by 17.6 points.

Meanwhile, Seadrill said that the stake sale had a total market value of US$195mil (RM759.52mil) and that was 14.47% below its carried book value of US$228mil (RM888.05mil) of the SapKen shares.

It should be noted, though, that back in 2014, Seadrill had recorded gains of some RM282.8mil when it decided to sell a portion of its stake. Recall that in 2013, SapKen had completed the acquisition of Seadrill’s Asian tender rig business, which also saw the placement of 587 million new SapKen shares at an issue price of RM2.80 per share to partially fund the RM8.63bil transaction. The stake sale had pared down Seadrill’s stake in SapKen to 8.2% from 12% previously.

The stake sale, which took place on April 9, 2014, saw Seadrill selling 230 million shares of SapKen, raising about US$300mil (RM968.85mil). On net terms, Seadrill progressively impaired its investments to account for the US$993mil book value on March 31, 2014 to account for the depreciation of the ringgit and the fall in oil prices down to US$228mil as of Dec 31, 2015.

In a report yesterday, Kenanga Research said the sale by Seadrill was a “slight negative” to SapKen at this juncture, given that Seadrill has always been considered a strategic partner to SapKen.

Kenanga, which has a target price of RM1.93 for SapKen, did not make any changes to its forecast on the stock for now, pending guidance from its management on the impact of Seadrill’s exit.

“We believe margin erosion is a concern in all three segments in the near term, even with oil prices recovering to US$50 per barrel, as most oil majors are still in aggressive cost optimisation mode,” it said.



Seadrill was at one point SapKen’s second-largest shareholder prior to selling off part of its stake following the merger between SapuraCrest Petroleum Bhd and Kencana Petroleum Bhd back in 2012.

Thursday, April 28, 2016

喬治.安傑羅 (George Angell) LSS操作系統

喬治.安傑羅 (George Angell) LSS操作系統

(2012-09-08 12:11:57)
标签:

杂谈

分类: 股票

靠短線及當沖 創造億萬人生

大概除了索羅斯之外,幾乎所有的投資大師,包括了巴菲特、彼德林區,或是坦伯頓,給投資人的金科玉律中,一定都會有一條「要長期持有投資標的,從事短線交易是無法致富的」,而這一條規範也正是各投資大師們能夠致富的重要因素之一。但喬治.安傑羅(George Angell)卻以狙擊手操作(Sniper Trading)縱橫期貨及選擇權市場,每日以當日沖銷創造自身財富,更以其所發展的高效率LSS系統,聞名於華爾街。

擁抱風險 參予實戰 才能成為短線操作專家

有別於巴菲特或是索羅斯,喬治.安傑羅是從芝加哥期貨交易所的場內交易員起家,從來沒有擔任過基金經理人,自然也就不用受到基金規模及相關法律等先天上的 限制,能夠以自身財富「有效率」的為自己創造出更大的財富。在剛踏入期貨圈時,喬治也與一般投資人相同,在還沒有搞清楚狀況時,投入銅期貨的交易,而且迅 速賺入可觀的「帳面收益」,而此時也與初出茅廬的新生一樣,一下子就沖昏了頭,持續加碼投入,而且持續賺進數倍的利潤,之後,即使是漲停板也持續追價。沒 多久,市場行情急轉直下,不但將之前所賺的全賠了回去,甚至連當初所投入的本金也賠了進去。


但在往後20多年的場內交易員生涯中,除了讓喬治.安傑羅鍛鍊出敏銳的市場嗅覺,更讓他培養出正確的操作觀念及心理,所以,喬治除了教授投資技術或擔任投資顧問外,更讓他能夠完成「靠操作過生活」的理想(其實已經到靠操作過富裕生活的地步),一直到今日都是如此。

雖然喬治.安傑羅是靠短線交易及當日沖銷致富,但其本人也承認,短線交易充滿陷阱,風險其實非常大,但對於一般投資人而言,實在很難真正了解,所以,這種 「搶帽子」的金錢遊戲,並不是所有投資人都適合進場去玩,尤其是想要一夜致富的人更加不適合。因此,對於要靠短線操作致富的投資人,喬治.安傑羅所會給的 第1個建議就要,要將「風險管理」視為核心要務,因為不論是過度操作、資金不足,或是心裡只想著錢而不知自律,這些人很快就會因為自己的愚蠢而被市場所遺 棄。

而與索羅斯相同,喬治.安傑羅也認為唯有透過多次實戰的淬煉,才有機會成為市場的贏家,因為操作本身就如同在戰場上進行白刃戰,必須要提起勇氣去擁抱風 險,並且不斷地去進行嘗試,才能夠成為磨練出膽識。安傑羅就曾說過,對於一個投機者而言,面對成功最大的障礙就在於,你是否有勇氣打電話給你的營業員下 單,所以,投資必勝的途徑就在於勇敢擁抱風險。這不單純的只是在鍛鍊操作技術而已,而且也是在訓練自己的耐心、膽量,以及自律精神,尤其是短線操作者,更 要有獨立判斷的能力,要當自己的主人,「因為只有自己知道自己在做什麼時,才可以投入資金到市場去冒險」。因此,安傑羅將操作妙喻為一個不折不扣的左右腦 遊戲,學習市場運作機制是一回事,而實際操作又是另一回事,道理就在於此。 


鎖定市場時間與空間 狙擊手操作法瞄準短線趨勢

狙擊手操作法是喬治.安傑羅長期追蹤每日指數走勢,並且透過研究5分鐘K線圖,甚至是1分鐘K線圖所發展出來的短線操作戰法。基本上,是透過對時間與價格 的觀察,並且使之量化,進而判斷市場趨勢變化的一種方法。而這種方式也只著眼於極短的未來,而不會去預測1星期,甚至是1個月後的未來。


喬治.安傑羅發現,在每天的行情走勢中,都會出現一段主要的趨勢,而這個趨勢是由前後兩個部份構成,安傑羅稱這兩個部分為2支腳,而且可以找到這兩支腳具有明確的對稱型態,構成所需時間與價格區間也都相當接近。

投資人可以從每日指數的趨勢線下功夫研究,找到1天主要的趨勢後,從最高點抓到最低點,可以發現該趨勢是由兩支腳構成,而中間則會夾了一段盤整期。簡單的 說,一個趨勢的完整型態應當包括1支腳,加上一個盤整期,再加上與第1支型態相似的第2支腳,利用這樣型態上的資訊,就可以算出買賣點及停損點的位置。但 有時候,這一整個趨勢所構成的型態,會跨日才完成,也有許多時候,第2支腳的長度和第1支腳相比,會略為短一些些。

在實際操作上,要先確認第1支腳的價格區間及花了多少時間,然後在盤整區中確立均衡點,而均衡點的辨別就是在盤整區中連續2根K線都收在同一個價位,表示 多空雙方力量短線在此達到均衡,一旦照原趨勢突破均衡點價位,指數就會再發動另一波攻勢。但如果找不到均衡點,也可以把盤整區的高低價格加起來除以2,把 這個數字當成均衡點,而這個均衡點就是抓住第2支腳行情的買點,但這並不等於第2支腳行情的發動價格。接下來就是確立第2支腳的目標價,基本上,就是第2 支腳的發動價格加上第1支腳的價格區間,如此一來,就可以完成一段短線交易的旅程。

但喬治.安傑羅也提醒投資人:

第一、 盤整拉回時,如果拉回幅度超過第1支腳價格區間的0.618倍,立即發出停損單結束交易,而在指數突破盤整區後又快速拉回至盤整區中,亦表示型態失靈,也要立刻出清手中部位。短線操作就必須嚴守停損紀律,不論之後行情怎麼走。

第二、 真正的市場並不會經常性的達到「完美的型態」,第2支腳的價格空間可能會比第1支腳短,或是第2支腳到達到原先設定的目標價所花的時間會比第1支腳來得長 一些。所以,不要硬撐一定要賣在目標價,只要時間到了,而且與目標價相去不遠,就可以執行平倉的動作。記住,盤勢如潮汐,絕不能太固執。

第三、 狙擊手操作法在短線操作中風險並不算高,但利潤也是相對有限。然而長期短線操作就是如此,與其一步登天發大財,不如長期性賺進低風險的利潤還比較實在。

以南科(2408)今年9月23日走勢為例(附圖),一開盤開在當日最低點27.4元,之後走了55分鐘(11根5分鐘K線)來到28.1元高點,到此, 第1支腳走完,價差0.7元。接著就開始進入2個多小時的盤整區,區間範圍在27.9~28.1元之間,推算出均衡點在28元,也可以在此買入。12點 15分第2支腳行情發動,起漲點在27.9元,就可以推算出將在13點10分出現滿足點28.6元,不過,實際上,到了13時10分時價格只到28.4 元,而KD值也在此時出現短線賣出訊號,可以在此時執行賣出,到了收盤前才看到最高點28.6元,符合原先第2支腳滿足點的推算。 

擅用LSS操作系統 輕易找出買點與賣點

喬治.安傑羅認為,市場本身只不過是個機率或是百分比的遊戲而已,而所謂短線操作的專業人士就是具備一種專長,以市場豁然率來推算,就是知道今天的壓力及 支撐在那裡,也清楚知道最佳停損點該放在那裡,更可以找到關鍵突破點會出現在那裡。而安傑羅也就是根據這種概念,發展出LSS操作系統,尋找出交易當日的 壓力及支撐之所在,也可以算出當日關鍵突破點會發生在那裡。


LSS操作系統其實是以喬治.道格拉斯.泰勒(George Douglas Taylor)的「三日周期」為基礎所發展出來的系統。泰勒觀察到市場在第1天會出現最低點,而且市場將上漲,第2天則會出現短線最高點,市場交投熱絡, 第3天則會先出現高點,之後市場就會回挫,所以泰勒分別將這3天稱為買進日(L)、賣出日(S),及放空日(SS),而市場會以這樣的脈動周而復始。所以 操作者就可以運用近3日的高低點、漲跌價差等數值,計算出上下檔一連串相關數值,稱之為買入封套(buy envelopes)及賣出封套(sell envelopes),再由封套內的數值加以平均,就可以計算出下個營業日的買點與賣點。

而LLS系統就是以這個觀念加以延伸而成,其中投資人要注意的幾個重要數字是上漲值、買進高點、今日高點、LSS軸點突破買入值、下跌值、賣出低點、今日低點,以及LSS軸點突破賣出值。

*上漲值:近3日的(今日高點-昨日低點)之平均值

*買進高點:近3日的(今日高點-昨日高點)之平均值

*LSS軸點突破買入值:

((今日高點+今日低點+今日收盤價)/3)×2-今日低點

求得近3日上述公式所得數值所得之平均值

*下跌值:近3日的(昨日高點-今日低點)之平均值

*賣出低點:近3日的(昨日低點-今日低點)之平均值

*LSS軸點突破賣出值:

((今日高點+今日低點+今日收盤價)/3)×2-今日高點

求得近3日上述公式所得數值所得之平均值

由上漲值、買進高點、今日高點、LSS軸點突破買入值這4個數值就構成1組賣出封套;由下跌值、賣出低點、今日低點、LSS軸點突破賣出值這4個數值則構 成1組買入封套。將買入封套的4個數值加以平均,就可以找到次日的買入點,反之,將賣出封套的4個數值加以平均,就可以找到次日的賣入點。LSS系統「看 似」複雜,但實際上沒有艱澀的數學公式,真的是個簡單又實用的參考指標。

另外,LSS系統中另外設有2套公式來衡量市場強度,也很簡單。一個是LSS一日強度指標,公式是:

((收盤價-最低價) ×100)/(最高價-最低價))=一日強弱指數

如果數值大於50,表示後勢看漲機率較高。反之,數值小於50,則表示後勢看跌機率較高。另外,還有LSS五日擺盪指標,公式是

5日來最高價-5日前開盤價=X

最後收盤價-5日來最低價=Y

(5日來最高價-5日來最低價)×2=Z

LSS5日擺盪指標:(X+Y)/Z

如果LSS5日擺盪指標大於70%,表示後勢看漲,如果小於30%,則表示後勢看跌,若在30%至70%之間,則表示看法中立。 

克服心理障礙 向真正的專家看齊

雖然,喬治.安傑羅擁有狙擊手操作法及LSS操作系統2大短線操盤利器,但他仍然強調,要成為成功的短線操作者,關鍵並不是在於操作技巧,而是要克服諸多 心理障礙,其中包括對風險的恐懼、太過自信、心裡老是想著錢、不知自我節制而過度操作,以及不知檢討、不肯面對自己的失敗等,不管你的操作技巧再好,這些 心理障礙及錯誤都會將你提早被市場給掃地出門。


另外,安傑羅也提醒投資人,真正的專家是有自己的操作風格,而且不會輕易由1個市場跑到另1個市場,像他本人就只專注於S&P500指數而已,因 為每個市場都有其自己的脈動,而這個脈動不是偶而涉足的人所能看到的,而是長期沈浸於該市場的人才能掌握得住,所以,要花時間及精力去了解市場,才能夠看 出市場未來的發展。

Gadang's 3Q net profit leaps 55% on higher contributions from construction, utility

Gadang's 3Q net profit leaps 55% on higher contributions from construction, utility
By Meena Lakshana / theedgemarkets.com | April 28, 2016 : 7:21 PM MYT

KUALA LUMPUR (April 28): Gadang Holdings Bhd's net profit jumped 55% to RM25.11 million or 11.23 sen a share in the third quarter ended Feb 29, 2016 (3QFY16), from RM16.17 million or 7.47 sen a share, on improved profit margins from construction activities and higher contributions from its utility division.

In a filing with Bursa Malaysia, Gadang said revenue grew 3.67% to RM175.92 million, from RM169.69 million in 3QFY15.

For the first nine months ended Feb 29 (9MFY16), net profit soared 86% to RM63.69 million or 28.07 sen a share, from RM34.22 million or 15.81 sen a share in the previous corresponding period. Accumulative revenue increased 2.31% to RM427.28 million, from RM417.64 million.

In notes accompanying its result announcement, Gadang said its construction division’s profit before tax jumped 144% to RM22.04 million in 3QFY16, from RM9.02 million in 3QFY15. Meanwhile, its accumulative profit before tax increased by 92.7% to RM50.28 million in 9MFY16, mainly due to improved profit margins achieved for various on-going projects.

As for its utility division, profit before tax increased to RM3.63 million, from RM2.35 million, on contribution from its newly-acquired subsidiary, PT Dewata Bangun Tirta.

The division's nine-month accumulative pre-tax profit grew by 65.8% to RM86.28 million, mainly due to improved profit margins from construction activities and higher contributions from property division.

On prospects, Gadang said it expects its performance for the current financial year to be another record year, with current levels of construction and property development activities.

The company said its construction division’s outstanding order book value stands at RM889.48 million, while the property division’s unbilled sales stands at RM243.49 million.

Gadang shares closed 6 sen or 2.87% lower at RM2.03 today, with a market capitalisation of RM530.18 million.

Restructuring VTI’s Super Trader Program Or How can we add more value?

Feature ArticleDR
Restructuring VTI’s Super Trader Program Or
How can we add more value?
by Van K. Tharp, Ph.D.
The purpose of this article is to announce changes to the Super Trader program that will begin officially in July 2016. Students joining before July 2016 will also have the opportunity to enroll in the new program.

While most of our readers are likely not considering joining the Super Trader program, many of you might find this article interesting, should you wish to do your own version of Super Trader at home. If you believe you can be self-directed in your transformations, we encourage you to develop your own program, and the book Trading Beyond the Matrix can help. Much of what we teach in the Super Trader program can be found in Dr. Tharp’s latest book, currently available to traders for just the cost of shipping. Please click here to take us up on this offer. The remainder of this article will tell you a little about how we structure our program and why.

Since our mission at the Van Tharp Institute is transformation through a trading metaphor, I’m always looking for:
  1. How can I improve the program to produce even greater transformation in students? and
  2. How can I increase the value of the program?
We’ll be implementing some new changes to the Super Trader program in July 2016 that I’m confident will accomplish both of these objectives.

I’ve just written two articles about transformation that can be found by visiting here. In essence, we all live in a made up world…it’s a world made of our own individual beliefs and feelings. At first, most people think the world is outside of themselves, but as an individual begins to “wake up” they begin to see how everything “out there” is all within. These truisms are at the heart of our program:
  • You only trade your beliefs.
  • The market is a process that you make up.
  • What you think represents the market (e.g., a bar chart) doesn’t represent the market. In fact, a bar chart doesn’t even represent the distribution of tick data very well. And you can see entirely different charts just by changing the time frame on the bars. A five-minute bar chart is not the same as a weekly bar chart.
  • That being said, once you know it’s all made up from the inside-out, you can start changing your beliefs to ones that are very useful.
  • You can adopt the mental states of market geniuses.
  • You can become much more happy and much more successful.
  • And you can even begin to see Beyond the Matrix…what’s beyond beliefs and emotions and that is the stuff of magic. That’s what we want to help people accomplish in the Super Trader program.
Why Make Changes?

Over the last few years, we have noticed the following that is typical of many people, regardless of their trading background:
  • Working on personal issues is never easy. As soon as “something scary” is discovered, people tend to run away and blame something else for the reason they are running away. What many students have not yet realized, is that all of our suffering comes from the act of running away from their issues, not from facing them. We have had some of the most challenging lessons in the program at the beginning of the structure, and for some this created initial hurdles that were too steep for them to surmount. While hurdles are important, we want to reveal more challenging exercises later in the program, in order to build a strong foundation and momentum beforehand.
  • Second, some people seemed to do really well in Super Trader 1, and then ran into psychological challenges that they couldn’t seem to overcome in Super Trader 2. They often didn’t recognize the issues they faced in the second part of the program as psychological hurdles. In other words, some students were not able to make the connection that Super Trader 2 was an application of what they learned in Super Trader 1. We want to ensure that this doesn’t happen anymore.
  • Third, once the psychological portion of the program was over in the current Super Trader 1 structure, there were no incentives built into the program for people to complete the rest of the program quickly and efficiently. We hope to support students dramatically by keeping their momentum going throughout the program with the new changes.
  • Fourth, we really want to reward those who are committed and efficient with the possibility of finishing the entire program in three years. Currently, it can take up to six years (or more) to complete the Super Trader program.
The New Structure

As a result of understanding these challenges, we have divided the current Super Trader program into three sections, instead of the existing two-part structure.
  • The first section, Super Trader 1 (ST1), will continue to be the primary psychological work of the program. It will not change a whole lot in the content itself, but the lessons have been restructured so that Super Traders progress through them with increasing confidence, understanding, and challenge levels. We estimate that this program will require about 1,000 hours of work but that can easily be completed in one year by working 20 hours each week on the program. Furthermore, some of the psychological/ spiritual work has been transferred into the second part of the program.
  • The second section, Super Trader 2 (ST2), will continue with ongoing psychological work and it will focus on the development of a personal trading business handbook. We estimate that it will require 750 to 1,000 hours of work. Again, this section could be completed in a year by working on the lessons part time.
  • Finally, the third section of the program, Super Trader 3 (ST3), will involve getting three trading systems approved and then being able to trade them at 95% efficiency for at least 100 trades. While these statistics may seem daunting, this really shouldn’t be insurmountable since ST3s completed the first two parts of the program where they:
    • Worked through at least two years of extensive psychological work prior to entering ST3.
    • Had the opportunity to attend all of our technical workshops, with top-notch instructors at their disposal.
    • Had the opportunity to attend our workshop, How to Develop a Winning Trading System that Fits You, and learn the basis for developing good systems for each market type.
    • In addition, plans are moving forward to update our Bear Market workshop and develop a new workshop for challenging sideways markets within the next 12 months.
Super Trader 3

The purpose of Super Trader 3 is to become a Van Tharp Institute Super Trader Graduate. If a student enrolled in the Super Trader series has not had much trading experience previous to the program, we estimate that it might take them up to a year to decide what systems they would like to trade, and to craft their business handbook with these systems in mind. Experienced traders are likely to complete this section in much less than a year. We think that candidates who are committed to do the work can complete either all of the requirements or nearly all of them in three years (as opposed to 4-6 years currently).

Students in Super Trader 3 will also have exclusive access to the Super Trader Playbook, which contains over 90 systems in it. These systems are derived from prior workshops, my books, and numerous other sources.

Once you have your systems approved, then you will have unlimited time to graduate, (meaning trade 100 trades profitably and at 95% efficiency with at least a 10% contribution to the 100 trades coming from each system). The actual trading part of the program is not “on the three year clock” so to speak. Most people have no idea of the power of having three non-correlated systems with good SQN® scores that work in different market types and that they can trade at 95% efficiency or better.

Super Trader Costs

Another change to the program is the billing. As with the current program, you will still be scheduled to pay for three years of the program in two payments, six months apart at the very beginning of the program. In the new program structure, however, those two initial payments may be the only ones that you have to make for the entire program. That is to say:
  • If you finish ST1 in one year and ST2 with at least a year remaining on the initial three year period, then there will be no additional tuition charges for ST3. Your goal would be to get approval for your three systems before the end of the initial three year period.
Super Traders now have a significant monetary incentive to continue to work diligently in each of the sections of the program, and complete Super Trader 1, 2 and 3 in three years. This is a significant cost improvement over the current structure for those who are committed to working their way through the program in a timely manner.

Right now, Super Traders pay for three years up front at the rate of $16,750 per year. This is done in two installments, six months apart. We do give 100% credit for purchases with us (including workshops) within the previous 3 months and a 50% credit for anything else you have spent with us within the last 10 years. Same as now, once payment for tuition is made, we will not accept refund requests. We will only accept people into the program who are committed to their process, and each candidate should exercise due diligence ahead of time. We are always available to answer any questions potential students may have prior to enrolling, and you may contact Rebecca Price at rebecca@vantharp to do so.

While the 3-year structure of the program may work well for most students, it may not work for all students. Should a student desire additional time to complete the program, each additional year will be billed at the rate of $16,750 per year, totaling $50,250 for the complete program if you take advantage of all the incentives. While the program tuition is significant, I invite each of you to compare this rate to our program’s costs 16 years ago, which was $50,000 for just two years. As a result of constant improvements, students have three years of guidance and even more value for their money. Additionally, my one-on-one consulting rate is currently $2,500 per hour, but it’s included in the program for Super Traders.

On August 1st, 2016 the cost of the Super Trader program will go up to $17,500 per year. On July 1, 2017, the cost will go up to $20,000 per year. The 2017 rate will still be, however, only a $10,000 increase over the price of the program 16 years ago and students have three years to complete it rather than two.

We have at most 12 open Super Trader slots available for the new program structure — at the old rate — through July 31, 2016.

If you would like information on the admissions requirements or additional, more specific information on the differences between the current structure and the new one, please email rebecca@vantharp.com or click here.

About the Author: Trading coach and author Van K. Tharp, Ph.D. is widely recognized for his best-selling books and outstanding Peak Performance Home Study Program—a highly regarded classic that is suitable for all levels of traders and investors. You can learn more about Van Tharp at www.vantharp.com. His new book, Trading Beyond The Matrix, is available now at matrix.vantharp.com.

http://www.vantharp.com/Tharps-Thoughts/780_April_13_2016.html#article

Goals Stated as a Well-Formed Outcome: The Super Trader Program Example

Feature ArticleDR
Goals Stated as a Well-Formed Outcome:
The Super Trader Program Example
by Van K. Tharp, Ph.D.

When you have goals, you typically produce some sort of result through acting on them.  If you want these goals to produce effective end ecological 1 results, however, then the goals must fit the criteria of being well-formed.

These are a set of five conditions for goal outcomes, established through the NLP community.  They include:


  • The outcome must be stated in positive terms.  Generally, it is practically and logically impossible to set a goal which is expressed in terms of the negative of an experience. So if someone said,  “I don’t want to argue with my wife,” then a better approach is find out what the person wants instead of the negative experience. For example, it might be stated instead as: "I want to feel positive about whatever my wife does knowing she had a good heart and great intentions."  That’s much easier to achieve that the negative experience of not arguing.

  • The outcome must be testable and demonstrable — in other words, stated in terms of sensory specific evidence. Thus, you need to know through evidence you can perceive that you are moving toward your results so your goal must state how that will be accomplished. Ideally, two criteria are necessary:  1) to be clear about how you will know you have achieved the outcome for yourself, and 2) how will others in your life know that you have achieved the outcome.

  • The desired state must be initiated and maintained by the student, not the coach. The locus of control must be with the student which is usually in the form of accessing resources. So, if someone said, “I want my wife to stop criticizing me and telling me to get a real job,” that outcome would be out of the person’s control. Instead, the person would need to state a positive outcome such as determining what the wife might being doing instead of criticizing you and saying to get a real job. The answer also needs to be demonstrable, as described above. Then you need to determine what resources are necessary to achieve that outcome, with those resources being in the client’s control.

  • The goal must preserve any positive by-products of the present state. Those positive by-products tend to be negative habits (i.e., drinking too much) that are used to achieve the positive state (i.e., feeling relaxed). So whatever is being done must also preserve the relaxation that is desired or the person might just go back or develop other bad habits to achieve them.  For example, many people who are obese may have an issue with the opposite sex and feel unattractive. What would happen if they felt they were attractive and were then approached by people of the opposite sex? If their goal was to “become attractive”, then they would need the resources to be able to deal with that particular issue.  In addition, the goal must be able to deal with any future impacts of the desired outcome.  So what will the person's system gain or lose as a result of achieving the desired outcome.  For example, if you become a successful trader, what are the ramifications of achieving that?  What if you have issues with having a lot of money — for example, what if you believe that people will take advantage of you; cheat you; or if you believe that rich people abuse their families. The new outcome must be able to deal with those possibilities.

  • Finally, the desired outcome must be appropriately contextualized and be ecologically sound – i.e. taking into account your other responsibilities, the people around you, etc.  For example, if you state your outcome using a universal quantifier such as (all, always, never), you may find situations in which the outcome desired is not appropriate. I always want to follow my trading rules, however, you might find conditions in which your trading rules might stop working, such as when the market type changes.  So you must be able to contextualize the outcome. A good way of understanding that is that most beliefs, no matter how bad they might seem, might have some context is which they are useful. Similarly, most beliefs have contexts in which they are not useful.

Establishing a Well-Formed Outcome for the Super Trader Program

So now let’s look at the Super Trader program as a goal (i.e., to become a Super Trader) with a well-formed outcome.  So here is my version of it.

The Super Trader program will produce massive transformation to enable candidates to be able to follow the Tharp Think principles, develop a great business handbook to run a trading business, and develop three non-correlated trading systems (that work in different market types) that they trade profitably and at 95% or higher efficiency.

This statement still needs a little more detail to flesh out the well-formed conditions. It is definitely stated as a positive outcome.


So how is the outcome testable and demonstrable? How do we know the outcome is achieved and that progress is being made?


Outcome One: Five Major Transformations

I talked about these transformations in a recent article about the Super Trader program. 
  • First, I expect a candidate’s awareness and level of consciousness (pretty much synonymous) to increase during the program. We measure this by the happiness test. By the end of Super Trader 1, I would like their happiness score to be consistently above 60 (although 70 is better).  This is measurable. 
  • Second, I would like them to consider that their beliefs are useful (within a context) and not absolute.  I would also like them to understand how they can easily change their beliefs. This would be demonstrated by numerous examples. 
  • Third, negative states should be observed and witnessed and then accepted. Acceptance is a metastate which tends to change the basic state to a much higher level, however, I want them also to have some mastery over feeling release. When I see evidence of this sufficiently in their weekly reports, then I know it is accomplished.
  • Next, I’m looking for their ability to converse with their Higher Self and to do Transformational Meditation on issues that come up. Examples of this would include daily dialogues with their Higher Self and successful completion of Libby Adams 28 day course.
  • Finally, I’d like them to find their purpose in life and to be certain that they have actually found their purpose.
  • And naturally, all these transformations will lead to numerous personal transformations.
These are demonstrated on an ongoing basis through the successful completion of the Super Trader lessons and their weekly progress reports. There are currently 20 lessons in the new Super Trader 1.

Outcome Two: Develop a Trading Business Rooted in A Strong Business Handbook that proves they have a strong psychological foundation and find the resources to solve any problems that arise
  • This is demonstrated by the satisfactory completion of their business handbook that meets all the criteria given to them for the handbook. Most of those criteria are given in Trading Beyond the Matrix.
  • In addition, they will demonstrate this goal on an ongoing basis through the completion of the lessons in Super Trader 2.
Outcome Three: Develop Three Non-Correlated Systems that Work in Various Market Types
  • This outcome is easily demonstrated through their presentation of each of their systems, to include the beliefs behind the system; the logic behind the system; why it will work in certain market types and not work in other types; and whatever statistics they can present on the performance of the system.
Outcome Four: Trade the Systems Profitably at 95% Efficiency or Better.
  • Demonstration of this is obvious through monthly trading logs showing their profits and losses and mistakes made.  And when they have 100 trades, meeting the criteria, with at least 10 from each system, then they are eligible for graduation.
Outcome Five: Demonstrate that they have developed the skill to handle any new psychological roadblocks that might come up during ST 2 and ST 3.
  • This is demonstrated through weekly reports about roadblocks that come up and how they handle it. 
  • Its culmination is graduation.
So How is the Program Maintained by the Student?

This one is fairly easy because Super Trader candidates do the work and send in the lessons and weekly reports.  If they don’t do it, it doesn’t get done.  My job as their coach is to answer questions, help them get through difficult times when they ask for help (primarily on their psychological issues), and to make sure they do a good job on the lessons. Doing a good job on the lessons is critical for their progress. 

It’s all about having the appropriate resources to accomplish each task. Generally, a good coach helps clients by asking questions. I noticed recently in watching videos of Dr. L. Michael Hall’s metacoaching program that about 90% of what a good coach does is ask questions. And the questions are all about helping the client find their own resources.

How Does the Program Deal with the Positive By-Products of Where they are now and with the Future Implications of What will happen when their achieve their goals?

One difference between the Super Trader program and the normal NLP client coach relationship is that our goals are huge and involve finding and tackling many issues. For example, one lesson requires that they identify and evaluate the impact of about 400 identity level beliefs. This finds and overcomes many issues before they ever could arise in the program. Another lesson requires that they come up with a complete life history, including beliefs formed and issues that might have come up in the past. Again, this helps them identify demons well before they arise in the Super Trader Program. And finally we have at least four lessons that deal with negative states or resources that they must process. As a result, when they complete all of this work we expect that very few issues will come up during trading that they have not already dealt with.

In addition, when they complete ST1, they must also respond to a number of questions to show that they are capable of facing whatever issues might come up when they start applying what they have learned to the program. This turns the application sections, developing a trading business, developing three systems, and trading efficiently into an applied psychological exercise. 

How is the Program Appropriately Contextualized and Ecologically Sound?

First, trading is contextualized in the program as the candidates’ full time job (if it isn’t already) or at least a major supplement to their income. Thus, the whole program lies within the context of a major aspect of their lives, not some minor problem area.

Second, they will complete an extensive program of evaluating their beliefs using a certain context and not in others. And they will have learned that there are probably no absolute beliefs that apply to all situations.  Context is rooted in their educational process.

Third, one of the major transformations is to find their life’s purpose and to have trading fit within that context.  Finding one’s purpose generally changes most people’s lives and when trading becomes part of that context, it almost guarantees a sound ecology check.

Finally, everyone in the program learns that trading is simply a measure of their spiritual growth. Here spirituality is defined as a larger system — family, community, global, universal. It’s an inner journey of discovering who they are. Once again, this context becomes a huge ecological check.

Summary

If this information about using well-formed goals is new to you, I encourage you to begin to implement this practice for current goals in your life. I recently restructured the Super Trader Program (see last week’s article), and I have personally found the well-formed goal questions very impactful in this process!


1. The ecology check is a key step in every NLP technique. It essentially involves assessing the impact that a particular change of behavior will have on the rest of the system or systems of which the person is a part.
About the Author: Trading coach and author Van K. Tharp, Ph.D. is widely recognized for his best-selling books and outstanding Peak Performance Home Study Program—a highly regarded classic that is suitable for all levels of traders and investors. You can learn more about Van Tharp at www.vantharp.com. His new book, Trading Beyond The Matrix, is available now at matrix.vantharp.com.

http://newsletter.vantharp.com/public/?q=preview_message&fn=Link&t=1&ssid=10920&id=fojj3om60pbsoudb7x4pdkykfzwu8&id2=48p4srpqnxiuj24s4gvdq4podny51&subscriber_id=affdwqhoeeypuvmeybkdjtrblqhjbkl&delivery_id=bgdwlfwztolofshybugfpfobjhztbgm&messageversion_id=bryxsxjhcfldofxbeyqecsijwnldbbe&tid=3.Kqg.BttcPg.EH99.AeUDtQ..Aj-udQ.b..l.A3BP.a.VxgFAw.VxgFAw.9vNIng

US$51 bil bonanza makes Malaysian builders winners to top fund

US$51 bil bonanza makes Malaysian builders winners to top fund
Author: Tan KW | Publish date: Thu, 28 Apr 2016, 12:14 PM
By Bloomberg / Bloomberg | April 28, 2016 : 11:08 AM MYT

KUALA LUMPUR (April 28): With as much as RM200 billion (US$51 billion) of building jobs in play, Danny Wong Teck Meng says no investor can afford to ignore Malaysian construction stocks.

The fund manager whose Areca EquityTrust Fund beat 98% of peers over the past three years with a 13% return, has been buying builders as the government accelerates infrastructure spending across Malaysia. The latest hotspot is Sarawak on Borneo island where a RM28.9 billion, 1,796-kilometer toll-free highway linking the state and Sabah is being built before a crucial state election in May.

“The construction industry will be very exciting as these jobs are expected to be awarded in the next two years. There could be as much as RM200 billion of jobs out there,” said Wong, the chief executive officer of Areca Capital Sdn Bhd, who correctly predicted this year’s slump in technology shares and a rebound in energy companies. “We can’t ignore them. Sarawak stocks are in focus because of the Pan Borneo highway and also the election, where there are bound to be goodies.”

Construction companies are trading at the highest level relative to the Malaysian equity benchmark in four years as a building boom takes hold. With an estimated RM136 billion of jobs in the pipeline in 2016 alone, a CIMB Group Holdings Bhd report predicts more gains as share prices haven’t fully priced in the earnings potential. The awards bonanza from rail to roads also comes amid an “election play” on some contractors as Prime Minister Datuk Seri Najib Razak’s ruling Barisan Nasional coalition bids to retain Sarawak — a state held since 1963 — in polls May 7.

The Bursa Malaysia Construction Index has risen 21% from an August low and is priced at 1.2 times net assets, near the most expensive level in almost a year. It’s up 3.1% in 2016, beating the FTSE Bursa Malaysia KLCI Index that’s little changed. The biggest gainers in the building gauge this year are Ekovest Bhd and Kimlun Corp which have jumped at least 28%.

Areca’s Wong owns shares of Gamuda Bhd, the biggest builder by market value, Sunway Construction Bhd, Mitrajaya Holdings Bhd and Econpile Holdings Bhd. He sold Kimlun because of its out-performance, as well as some Sarawak stocks.

Big Comeback

Under the 11th Malaysia Plan, the government will set aside RM260 billion for development expenditure from 2016 to 2020, the culmination of a strategy to achieve high-income status. Other projects being planned include the Kuala Lumpur-Singapore high-speed line and subway extensions around the capital.

Major jobs totaling RM24 billion were handed out in the first quarter, a good gauge of what’s in store for the rest of 2016, Sharizan Rosely, a Kuala Lumpur-based analyst at CIMB, who has an overweight rating on the industry, wrote in a report earlier this month.

“The construction sector is set for a new boom phase for civil and infrastructure works in 2016,” he said. This year “marks a big comeback of jobs for the sector as it is the first year of implementation of the 11th Malaysia Plan, with major high-multiplier and larger-value projects shifting to the long awaited award phase.”

With the Sarawak polls drawing near, the rollout of more infrastructure jobs is expected to benefit Gamuda and IJM Corp Bhd, while rivals based in the state including Hock Seng Lee Bhd, Naim Holdings Bhd, Zecon Bhd and Cahya Mata Sarawak Bhd are potential winners, according to a JPMorgan Chase & Co report.

“Sarawak construction companies are natural beneficiaries given the requirement for 70% local participation,” Mak Hoy Kit, a Kuala Lumpur-based analyst at JPMorgan, wrote in the report.

Hock Seng Lee, Sarawak’s largest builder, has surged 15% from its August low, while Zecon Bhd has rallied 33% from the lowest level in September.

Najib touted development of Sarawak and neighbouring Sabah in October, pledging funds for paddy fertilizers, longhouses and the Pan Borneo road project. Sarawak played a crucial role in helping the ruling Barisan Nasional coalition retain power, with 25 of 133 parliamentary seats. It won 133 of 222 seats at the 2013 general election.

While construction stocks will continue to be in favor as job flows remain buoyant, prices could retreat before another rally happens, according to Tan Ming Han, Kuala Lumpur-based senior investment manager of Amundi Malaysia.

“There should be some profit-taking until construction companies book these contracts into profits,” said Tan, whose KAF Vision Fund returned 20% over the past three years, beating 95% of its peers. “News of these contract win have been built into the share prices.”

Even after the rally by builders, Areca’s Wong still owns some Sarawak stocks, saying there are still opportunities in construction companies.

“Big caps are not cheap, but they have the potential to clinch very big jobs.”
http://www.theedgemarkets.com/my/article/us51-bil-bonanza-makes-malaysian-builders-winners-top-fund

Tribe Report: Jumping in with Both Feet

http://www.seykota.com/tt/2016/Feb/01-10/default.html
Feb 10, 2016

Tribe Report: Jumping in with Both Feet

Dear Ed,

Prior to our Tribe meeting I feel edgy, nervous, and unable to focus. It's the same feeling that comes up before every Tribe meeting: the "I don't want to do this" feeling. I accept the feeling, and do it anyway.

Our first hotseat displays laughter, and shares a fear of not being able to access his feelings. With encouragement from the tribe he gets into strong forms which transition from laughing to crying. We encourage him to stay with his forms until he reaches a point which might be a climax. He recalls being age 3 and unable to communicate with his father in the hospital. We discover his mother acts as medicinal rock donor for shutting down. He expresses strong feelings about a recent hospital encounter when his mother tells him not to cry. We agree to role play both events, using the more recent event as a rock donation re-enactment and opportunity to use new resources, then re-enacting the original scene at age 3 with new resources.

Hotseat reports feeling astonishment at the accuracy of the role playing, stating he wasn't in the Tribe meeting, he was back in the hospital.


This process moves me deeply as I have shutting down issues with my parents, which I take full responsibility for. I know I can't change my parents. I know they respond according to the intentions I radiate. If I want change, the change must come from me.

Our second hotseat reports he feels calm and ignores warning signs while trading. This develops into feeling like a fraud, and not wanting to feel like he has to keep up appearances. We trace this back to an event at age 3 when he's hit for spilling a drink. Hotseat is very willing to get into feelings, though does not want to role play the event. I feel a tear in my eye which reminds me of the care, willingness to feel and share feelings, and personal responsibility it takes to raise children. Anything less may pass on behavior patterns that can hold them back for the rest of their lives.

We complete a goal exercise with our newest member. Prior to the tribe meeting, he expresses doubt about being able to acquire a drum on short notice. We use the goal-setting template of: (A) What is my condition now, and (B) What specific condition do I desire, noting any feelings that come up on the path between A & B. He shows up with his new drum.

Our third hotseat shares self-confidence issues. He says everyone seems to believe in him, but he doesn't believe in himself. After a few minutes of getting into forms, he recalls being in a doctor's office at a very young age. He can remember the exam room in fine detail, down to the color of the paint on the walls and an amber jar of iodine on the shelf, but can't remember anything else - who's there, what he's feeling, or what's happening. Tribe encourages hotseat to go further and this elicits memories of his mother bursting in his room in the middle of the night, turning the bright light above his bed, and screaming at him. We do not start a rocks process as we approach the already extended ending time. He realizes if he wants confidence and success, he must be willing to enjoy the feelings of a spotlight shining on him.

I wish to thank the Tribe members for being willing, active and helpful participants in all processes. I feel happy that our new members are willing to jump into TTP with both feet.

Sincerely,

Optimal

http://www.seykota.com/tt/2016/Feb/01-10/default.html

Feb 8, 2016

Optimal

Hi Ed.

If you have you system, traded it for many years, happy with it etc...but you wonder if the paramaters you use to enter/exit are optimal? How can you test for this? Without tinkering with the system too much or breaking the rules how do you find if your system rules are optimal?

eg  I look for stocks that have doubled in the past 300 days...but could this be better? 

Regards






Thank you for raising this issue.

Theoretically, and in your imaginings, you can do something differently in the past and them get a different and more optimal result, now.

Practically, in the now, you can only do what you do, including, if you like, thinking about changing the way you operate

If you would like to find an "optimal" system, you might consider starting with a definition of what optimal means for you, now.

Winning

http://www.seykota.com/tt/2016/Feb/01-10/default.html

Feb 6, 2016

Superbowl

Hi Ed,

Once upon a time, one snowy winter evening while you stoked a roaring fire during an Incline Village Tribe meeting, I recall you advising I affirm 'winning'.  I went home, wrote 'WINNING' on a paper, pinned it on my office wall, and focused.   Within a week, the most extraordinary out-of-the-blue event happened:   a Steeler's halfback let me wear his four rings and take a picture.



Winning

Rocky Bleier won Super Bowl IX and X, fought in Vietnam, was wounded in both legs and told he would never play again.  He trained obsessively, and came back to win XIII and XIV, giving an extra special meaning to these ultimate American symbols of winning, these rings.

best regards,

WTK (WTK stands for "Whoa Telah Kaya) Top 10 Reasons for Buying This Undervalue Gem (Calvin Tan)

WTK (WTK stands for "Whoa Telah Kaya) Top 10 Reasons for Buying This Undervalue Gem (Calvin Tan)
Author: calvintaneng | Publish date: Tue, 26 Apr 2016, 12:04 AM

WTK - Its Top 10 Salient Factors

1) HUGE MARGIN OF SAFETY - Selling at 58% Discount To NTA

At Rm1.24 with NTA of Rm2.89 WTK is selling at a huge discount of 58% - Big Margin of Safety.

2) Last quarter result is 5.53 cents . Forward P/E only 5.6 or 17.8% growth rate. Or compared to prevoius year quarter result of 0.54 growth is even more spectacular at 999.1% explosive gain!

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2015

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2015
31 Dec 2014
31 Dec 2015
31 Dec 2014
$$'000
$$'000
$$'000
$$'000
1Revenue
208,523
170,515
724,241
676,652
2Profit/(loss) before tax
30,714
-37
75,869
49,611
3Profit/(loss) for the period
25,818
1,792
58,547
39,498
4Profit/(loss) attributable to ordinary equity holders of the parent
26,415
2,333
59,559
39,978
5Basic earnings/(loss) per share (Subunit)
5.53
0.54
12.47
9.21
6Proposed/Declared dividend per share (Subunit)
2.49
1.83
2.49
1.83
  
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7Net assets per share attributable to ordinary equity holders of the parent ($$)
2.8900
3.0500
 

3) A dividend of 2.49 cents on the way. More to come.
4) Insiders Buying & Buying Show Deep Value.
5) EL NINO Will Power Up Oil Palm Profits for WTK
6) JAPAN EARTHQUAKE RECONSTRUCTION (Japanese Houses Use Lots of Tropical Wood)
WTK export the most of its logs to Japan! So Expect Very High Orders Going Forward
Japan's Abe says to submit extra budget for earthquake reconstruction
Japanese Prime Minister Shinzo Abe (centre) visits a earthquake affected area in Mashiki, Kumamoto prefecture, on April 23, 2016.PHOTO: AFP
PUBLISHED APR 24, 2016, 9:43 AM SGT
FACEBOOK0TWITTEREMAIL

TOKYO (REUTERS) - Japanese Prime Minister Shinzo Abe said on Sunday (April 24) his government will soon compile a spending package to fund reconstruction from recent earthquakes that hit southern Japan.

Abe told a meeting of his disaster-response committee that the government would compile a supplementary budget during this session of parliament, which ends on June 1.

The earthquakes on the island of Kyushu killed about 50 people, and damaged at least 5,000 houses, forcing about 80,000 people out of their homes as of Friday.

7) PAN BORNEO HIGHWAY BOOST ASSETS OF WTK

3 Storey Shop Houses are Valued at just over Rm300K in Sibu. Pan Borneo Highway will multiply and enhance its Value further!

Lot 837 * Kemena Land District Bintulu 3,400 sq.ft Leasehold (Expires in 2044) 2-storey corner terrance house 2 September 1996 29 years 89 Lot 1079 No.9* 11-E, Jalan Jerrwit Barat, Sibu 1,461 sq.ft. Leasehold (Expires in 2063) 3-storey intermediate shophouse 31 March 2004 10 years 305 Lot 1102, Block 9, Sibu 122 sq meter Leasehold (Expires in 2065) 3-storey intermediate shophouse 31 October 2011 3 years 462 Menuan Land District Kapit Lot 44* Lot 145* Lot 146* 16.617 hectares Leasehold (Expires in 2019) (Expires in 2020) (Expires in 2022)



8) All Other Assets are Still At Old Book Value. If Fully Revalued

WTK NTA Is Not Less Than Rm5.00



9) WTK Is A Candidate For Privatisation

Company is so undervalue Insiders have been buying and buying up WTK Shares like no tomorrow!

Last time Calvin called for a buy on

Super Enterprize at Rm1.25 (Then Super was taken private at Rm3.80)

Kulim at Rm2.50 (Kulim taken private at Rm4.10)

Tmakmur at Rm1.38 (Tmakmur also being taken private at Rm1.80)



10) WAHAHA! TELAH KAYA



This Is It!!!!

To Sum It Up:

WTK is selling at 58% discount to NTA. Big Margin of safety.

Forward P/E only 5.6 & pays dividend. Or 17.8% growth rate.

El Nino will power up its Oil Palm.

Japan Earthquake Reconstruction will need lots of logs from WTK.

Pan Borneo Highway will boost its 3 storey shops value in Sibu.

All Its Assets if Revalued Will Show NTA over Rm5.00

Insiders buying might lead to privatisation like Super Enterprize, Kulim and TMakmur!



Another Great Stock Brought To You

BY CALVIN TAN RESEARCH

CHEERS



Note: The Intrinsic Value of WTK is at least Rm2.00.

So don't be surprised that some day, some where Someone offers to take WTK private at Rm2.00.

Inari Amertron - Turning Cautious

Inari Amertron - Turning Cautious
Author: kiasutrader | Publish date: Thu, 28 Apr 2016, 09:25 AM

We are turning cautious on Inari as we opine that investor sentiment could be affected by the MYR’s further strengthening against the USD,while medium-term earnings visibility could turn murky amidst the gloomy premium smartphone outlook. As such, we downgrade our call to NEUTRAL, with our TP revised to MYR3.00 (from MYR3.80, 8% upside).Forex boon could be over. We believe the favourable forex environment for Malaysian exporters could soon come to an end as we: i. Expect the USD to average MYR3.80 in 2017 (vs 4.00 in 2016); and, ii. Estimate that every 1% appreciation in the MYR against the USD could translate into earnings downgrades of 1 -1.5% for Inari Amertron (Inari), assuming all else as constant.

To mitigate the potential negative impact, the group is actively monitoring the situation and would have to engage in pricing renegotiations with its customers in the event of sharp fluctuations in the currency.

iPhone facing a bottleneck? Apple Inc announced that its iPhone shipments totalled 51.2m in 1Q16 (-16.3% YoY). Although this is not exactly newinformation, as demand for the latest iPhone 6S have been sluggish, the technology giant’s 2Q16 guidance again came in at 10-15% below street estimates. This, in our view, could translate into further inventory correctionsand potential softer orders for its component suppliers over the near term. In addition, various media reports suggest that Apple could hold back some of its latest innovations from the impending launch of iPhone 7 series in Septeberthis year, citing that most of the new features might only be included in next year’s model. Should this turn out to be true, we foresee further weakness in iPhone shipment volumes over the medium term.

Inari to release 3QFY16 results by 18 May. W e expect core earnings of MYR20m-25m as we gather that the run-rate under its RF segment came down by over 30% QoQ which is in tandem with its end-customer’s inventory adjustments.

Forecasts and risks. We cut our FY16F-18F EPS by 11-13%, factoring in a potential delay in the full ramp-up of Inari’s radio frequency (RF) segment to 2QFY17 and our revised USD/MYR assumption of 3.80 from 2017 onwards. Downgrade to NEUTRAL. With the forex theme likely to go out of favour in anticipation of a further strengthening in the MYR as we move into next year and potential further weakness in premium smartphone sales we now peg the stock to a revised 1-year forward P/E of 15x (from 18x and at 20% premium to regional peers). Our TP is MYR3.00. We also used DCF (Figure 4) as a corroborative methodology and derived a fair value of MYR2.99.

13 habits of the self-made millionaire

13 habits of the self-made millionaire
Author: CP TEH | Publish date: Thu, 28 Apr 2016, 09:55 AM | >> Read article in Blog website

13 habits of self-made millionaire, from a man who spent 5 years studying rich people

by Kathleen Elkins

Mac 18, 2016

All self-made millionaires had to start somewhere.

TEH : I have started ... failed many times, de-railed, swayed ... mistakes ... and moving on again. Start somewhere ... yes. Just start. If you have good idea to share with me or sharing opinions with me ... I will be glad to meet for coffee/dinner-date. Concrete idea ... stimulating conversation excites me!! Let's start ... somewhere ... and I am opening myself to be 'dated'.
Much of their transformation from ordinary to seven-figure status can attributed to "rich habits," a term coined byThomas C. Corley, who spent five years researching the daily habits of 177 self-made millionaires.

TEH : Time to read these 13 rich-habits and re-channel my focus into them.
"From my research, I discovered that daily habits dictate how successful or unsuccessful you will be in life," he writes in his upcoming book "Change Your Habits, Change Your Life." "There is a cause and effect associated with habits. Habits are the cause of wealth, poverty, happiness, sadness, stress, good relationships, bad relationships, good health, or bad health."

TEH : Time to acquire the habits ... and change my bad-habits!!

The good news is all habits can be changed, Corley notes. Here are a few "rich habits" of self-made millionaires that you can start developing today:

1. They read consistently

2. They exercise

3. They hang out with other successful people

4. They pursue their own goals

5. They get up early

6. They have multiple sources of income

7. They find and check in with mentors

8. They're positive

9. They don't follow the herd
10. They have good etiquette

11. They help others succeed


12. They dedicate 15 to 30 minutes a day to just thinking

13. They seek feedback

Print it out ... and stick on the wall.

TEH