BBR Holdings

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(12-10-2017, 10:22 PM)karlmarx Wrote:
(12-10-2017, 06:03 PM)TTTI Wrote: And in reply to the earlier comments...
Yep, the layman wouldn't know or have conviction.
And that's the gist of the whole game isn't it?

The layman needs to "invest based only on a company's merits" in order to "sleep well at night."
The problem is, when a company's merits are apparent, guess what, the share price reflects it. Unless it is only apparent to you only, and nobody else sees it or believes in it. In which case, you wouldn't be "the layman"

If the share price reflects the company's apparent merits, then the best you can hope for as a shareholder, is to participate in the future growth of the company (that's not been realized yet, and is not factored into the share price, and in which case, you wouldn't anticipate it either, but can only hope for it)
So at any 1 point, you're paying what is deemed as fair value based on the "apparent merits" that presumably everyone knows about already, and hoping that future news are favorable and participating in that growth.

And if that's your sole modus operandi, i.e. your investment is based on participation in just future growth, and paying a fair value for the current "apparent merits", (vs taking up positions when there is a gap between the price and what you personally deem to be the intrinsic value) then I'd think there's a strong case for just indexing and passive investing, instead of active.


If one is actively investing, surely the ultimate goal is to beat a passive instrument, usually some broad based index. If not that, then what else?

And if the goal is to beat a passive instrument, then you surely have to rely on something to find things that are not apparent merits yet. (superior due diligence? More intense effort? Better judgement? More accurate interpretation of widely available data? Competitive advantage by having experience in the industry? <Gasp> insider information? whatever) and take up positions which are unpopular and/or neglected, and hope that in time to come, or in the presence of a catalyst, the market recognizes what you've been saying all this while, and accords a much higher fair value to it.

You can do various variants of this, by being activist (creating the catalyst yourself), or by being the traditional passive investor (believing that someday the catalyst would come as long as you buy at substantially below the intrinsic value), but ultimately, it still means that you'd need to take up positions when the merits are not widely obvious yet.

Hi TTTI,


It seems like you are saying the market is efficient. And I assume that your reason for this is because of the wide availability of information. My opinion is that the market is not always efficient.

1) It is true that information is easily available, but this does not mean that information is being used effectively by everyone, or at all. One only has to look at the failed s-chips to see that people generally do not bother to check if whatever was reported makes sense (consistently rising receivables vs payables, consistently paying tiny dividends vs profits, consistently selling shares to raise cash when cash balances are high, etc). The availability of information does not simply result in a company's merits to be apparent, and therefore, share price to reflect so. 

2) When they bother to look, what most people do is focus on certain particular information, and assess a company's merit based on that. For example, accounting profits. Or, if it is a commodity trading business, they will focus on the commodity price. But today we know not all commodity trading businesses are built the same. Noble has sunk while most of its global peers soared.

3) Even when information is released, the market does not always immediately revalue a company's stock price, sometimes even after months. During the second half of 2015, 800 Super was trading at about a P/E of 5 and dividend yield of 5%, and then for another quarter or so into 2016. During the first half of 2015, this same company was trading at a P/E of close to 10. The vast improvement in profitability of this defensive business was for all to see for a good 9 months before the stock price moved. Another example is Hupsteel, which was a widely discussed stock in the past years. The merits were clearly laid out for all to see; cash, bonds, freehold properties, all selling at only a fraction of share price, without including the steel trading business. Yet the share price fell by half for 4-5 months, a year after these merits were laid out. I believe you need not be a fund manager in these two cases to know you are looking at bargains.

4) Most of the time, companies are fairly valued, but only if we consider their financial metrics solely when assessing their merits. WB bought See's Candies which had $4.2m profit for $25m in 1972. In 2014, See's Candies earned $82m, which makes the original purchase price a bargain. Did WB simply hoped for the best? Or was he aware of See's non-financial (qualitative) merits? After all, there must have been numerous companies selling at $25m with earnings of $4m or more.

Numbers alone cannot tell us if a company will thrive in the future. We need to know its qualitative merits such as management behaviour, business model, and the risks the business is exposed to; information which are available from the IPO prospectus and ARs. But a business does not operate in a vacuum so an understanding of its (future) environment is also required. Knowledge about present trends, culture, and human nature and motivations. All these are information available for anyone willing to work through.

I'm not sure how you would define a layman, but I think that one need not be a professional to be able to see both qualitative and quantitative merits in a company. Some work to learn the skills and effort to put lessons into practice is necessary, but these are not beyond the abilities of an average tertiary-educated person. Many such persons can be found here.

The game isn't about participating in what you don't know. It is about participating in things you know (more). For me, at least. Wink

No, I am not saying the markets are always efficient. If so, then I think I'm screwed. And if so, I think valuebuddies.com should shut down.

I am saying that the market constantly reflects the current SENTIMENT of the widely available, apparent information.

To that extent, your cited examples are actually substantiating my point.

1) Isn't that precisely my point? The information is available, so the market knows this information, and processes the sentiment towards this information. The way to get a competitive advantage, is if one processes it differently, or knows something everyone else doesn't etc. 
So using your example, the widely available information at that time, supported S-chips, or at least, didn't point to fraud or defaults.
If one had the ability to process the information differently, or if you were in a position to find out these were frauds, you could've shorted it.
But at that time, the widely available information that's apparent, is that these are legit companies with legit financials. Which is why the markets accorded it the valuation they did at that time.
So to just act on widely available information would mean you'd possibly be one of these guys (that got screwed).

2), 3) and 4) are all substantiating what I'm saying:

"And if the goal is to beat a passive instrument, then you surely have to rely on something to find things that are not apparent merits yet. (superior due diligence? More intense effort? Better judgement? More accurate interpretation of widely available data? Competitive advantage by having experience in the industry? <Gasp> insider information? whatever) and take up positions which are unpopular and/or neglected, and hope that in time to come, or in the presence of a catalyst, the market recognizes what you've been saying all this while, and accords a much higher fair value to it."

2) Noble's apparent merits which are demerits in reality (prob needed either experience in the industry, or some superior better judgement to determine at that point in time, when the world thinks Noble's great)

3) Disagree with this. The markets will revalue any widely available information quickly unless there is no liquidity. You cannot say that there's a "vast improvement of profitability" and yet the valuations didn't reflect that for X number of months, simply cos that's only 1 dimension of it. The price takes into account every single thing, not just 1 single metric (profitability, in your cited example) 
Perhaps there were other "worries" at that point in time such that your mentioned "vast improvement" didn't move the share price? 
Perhaps the global sentiment then was poor and everything happened to be depressed during that period of time?
So in this cited example, just 1 single metric may not be reflective. The weightage given to the improved profitability would be reflected in the share price.

Only exception is if there's poor liquidity.
Or if it's trading in some unknown markets with zero coverage.
Something along those lines.

4) Again, isn't your example supporting what I said to begin with? The apparent information here is all the available financial data. WB viewed the branding and the future earnings to be far superior. That's his interpretation of the business's strengths. So he applied his knowledge when everyone else couldn't see it.
Reply


Messages In This Thread
BBR Holdings - by dydx - 09-11-2010, 10:27 PM
RE: BBR Holdings - by dydx - 10-11-2010, 11:02 AM
RE: BBR Holdings - by dydx - 10-11-2010, 11:14 PM
RE: BBR Holdings - by dydx - 11-11-2010, 03:44 PM
RE: BBR Holdings - by dydx - 11-11-2010, 10:19 PM
RE: BBR Holdings - by FFNow - 11-11-2010, 10:40 PM
RE: BBR Holdings - by dydx - 12-11-2010, 05:25 AM
RE: BBR Holdings - by gimbeng - 12-11-2010, 09:36 AM
RE: BBR Holdings - by Musicwhiz - 12-11-2010, 09:39 AM
RE: BBR Holdings - by dydx - 12-11-2010, 10:55 AM
RE: BBR Holdings - by dydx - 27-12-2010, 01:37 PM
RE: BBR Holdings - by dydx - 28-12-2010, 04:37 PM
RE: BBR Holdings - by dydx - 10-01-2011, 08:52 PM
RE: BBR Holdings - by freedom - 11-01-2011, 09:50 AM
RE: BBR Holdings - by dydx - 11-01-2011, 11:58 AM
RE: BBR Holdings - by dydx - 11-01-2011, 10:35 PM
RE: BBR Holdings - by pianist - 22-01-2011, 05:32 PM
RE: BBR Holdings - by dydx - 16-02-2011, 06:24 PM
RE: BBR Holdings - by dydx - 24-02-2011, 01:11 PM
RE: BBR Holdings - by dydx - 28-02-2011, 04:07 PM
RE: BBR Holdings - by dydx - 21-03-2011, 08:41 PM
RE: BBR Holdings - by dydx - 04-04-2011, 07:19 PM
RE: BBR Holdings - by dydx - 12-04-2011, 11:25 PM
RE: BBR Holdings - by dydx - 14-04-2011, 11:50 PM
RE: BBR Holdings - by mrEngineer - 15-04-2011, 07:03 AM
RE: BBR Holdings - by dydx - 05-05-2011, 09:37 PM
RE: BBR Holdings - by dydx - 07-05-2011, 09:39 AM
RE: BBR Holdings - by dydx - 24-05-2011, 01:55 PM
RE: BBR Holdings - by dydx - 07-06-2011, 11:50 PM
RE: BBR Holdings - by dydx - 02-07-2011, 01:32 PM
RE: BBR Holdings - by dydx - 18-07-2011, 06:44 PM
RE: BBR Holdings - by dydx - 04-08-2011, 09:14 PM
RE: BBR Holdings - by dydx - 09-08-2011, 05:39 PM
RE: BBR Holdings - by RBM - 09-08-2011, 06:24 PM
RE: BBR Holdings - by dydx - 10-08-2011, 06:29 PM
RE: BBR Holdings - by dydx - 12-08-2011, 01:08 PM
RE: BBR Holdings - by pianist - 19-09-2011, 10:02 PM
RE: BBR Holdings - by karlmarx - 19-09-2011, 10:50 PM
RE: BBR Holdings - by pianist - 19-09-2011, 10:56 PM
RE: BBR Holdings - by karlmarx - 20-09-2011, 06:04 PM
RE: BBR Holdings - by dydx - 23-09-2011, 06:28 PM
RE: BBR Holdings - by dydx - 26-09-2011, 06:50 PM
RE: BBR Holdings - by dydx - 06-10-2011, 07:38 PM
RE: BBR Holdings - by dydx - 14-11-2011, 08:29 AM
RE: BBR Holdings - by RBM - 25-01-2012, 05:33 PM
RE: BBR Holdings - by RBM - 26-01-2012, 07:20 PM
RE: BBR Holdings - by dydx - 26-01-2012, 07:39 PM
RE: BBR Holdings - by ngcheeki - 01-02-2012, 05:15 AM
RE: BBR Holdings - by dydx - 01-02-2012, 02:13 PM
RE: BBR Holdings - by dydx - 01-02-2012, 07:01 PM
RE: BBR Holdings - by RBM - 02-02-2012, 07:30 PM
RE: BBR Holdings - by RBM - 28-02-2012, 10:56 PM
RE: BBR Holdings - by dydx - 02-03-2012, 10:39 PM
RE: BBR Holdings - by memphisb - 02-03-2012, 10:51 PM
RE: BBR Holdings - by RBM - 02-03-2012, 11:23 PM
RE: BBR Holdings - by dydx - 05-03-2012, 06:20 PM
RE: BBR Holdings - by dydx - 06-03-2012, 06:28 PM
RE: BBR Holdings - by dydx - 06-03-2012, 09:57 PM
RE: BBR Holdings - by RBM - 07-03-2012, 09:27 PM
RE: BBR Holdings - by dydx - 15-03-2012, 10:13 AM
RE: BBR Holdings - by dydx - 19-03-2012, 06:47 PM
RE: BBR Holdings - by RBM - 14-04-2012, 02:13 PM
RE: BBR Holdings - by dydx - 14-04-2012, 06:21 PM
RE: BBR Holdings - by RBM - 14-04-2012, 06:34 PM
RE: BBR Holdings - by freedom - 07-05-2012, 09:16 PM
RE: BBR Holdings - by freedom - 14-04-2012, 07:02 PM
RE: BBR Holdings - by RBM - 08-06-2012, 08:35 PM
RE: BBR Holdings - by pianist - 11-07-2012, 10:03 PM
RE: BBR Holdings - by RBM - 02-08-2012, 08:37 PM
RE: BBR Holdings - by ngcheeki - 02-08-2012, 09:15 PM
RE: BBR Holdings - by RBM - 24-08-2012, 11:17 AM
RE: BBR Holdings - by RBM - 24-08-2012, 05:30 PM
RE: BBR Holdings - by ngcheeki - 03-10-2012, 08:45 PM
RE: BBR Holdings - by RBM - 03-10-2012, 09:44 PM
RE: BBR Holdings - by dydx - 04-10-2012, 06:14 PM
RE: BBR Holdings - by RBM - 05-10-2012, 06:33 PM
RE: BBR Holdings - by ngcheeki - 15-10-2012, 01:53 PM
RE: BBR Holdings - by ngcheeki - 01-11-2012, 09:18 PM
RE: BBR Holdings - by ngcheeki - 25-11-2012, 08:47 PM
RE: BBR Holdings - by ngcheeki - 19-12-2012, 08:01 PM
RE: BBR Holdings - by safetyfirst - 19-12-2012, 11:38 PM
RE: BBR Holdings - by ngcheeki - 20-12-2012, 08:32 AM
RE: BBR Holdings - by safetyfirst - 20-12-2012, 09:07 AM
RE: BBR Holdings - by RBM - 23-02-2013, 09:04 AM
RE: BBR Holdings - by RBM - 25-02-2013, 07:48 PM
RE: BBR Holdings - by nitro - 26-02-2013, 07:59 PM
RE: BBR Holdings - by mrEngineer - 23-02-2013, 09:39 AM
RE: BBR Holdings - by RBM - 23-02-2013, 09:59 AM
RE: BBR Holdings - by RBM - 27-02-2013, 11:40 PM
RE: BBR Holdings - by pianist - 04-03-2013, 10:13 PM
RE: BBR Holdings - by RBM - 04-03-2013, 10:43 PM
RE: BBR Holdings - by dydx - 07-03-2013, 02:57 PM
RE: BBR Holdings - by ngcheeki - 25-03-2013, 08:12 PM
RE: BBR Holdings - by RBM - 07-04-2013, 09:33 AM
RE: BBR Holdings - by dydx - 22-04-2013, 07:21 PM
RE: BBR Holdings - by pianist - 22-04-2013, 08:59 PM
RE: BBR Holdings - by dydx - 07-05-2013, 09:08 PM
RE: BBR Holdings - by ngcheeki - 12-05-2013, 09:56 PM
RE: BBR Holdings - by dydx - 08-05-2013, 06:47 PM
RE: BBR Holdings - by Jacmar - 08-05-2013, 09:44 PM
RE: BBR Holdings - by dydx - 09-05-2013, 05:36 AM
RE: BBR Holdings - by dydx - 09-05-2013, 09:51 PM
RE: BBR Holdings - by TheMillennium - 10-05-2013, 07:53 PM
RE: BBR Holdings - by dydx - 12-05-2013, 10:11 PM
RE: BBR Holdings - by ngcheeki - 17-08-2013, 11:24 PM
RE: BBR Holdings - by vested - 17-08-2013, 07:14 PM
RE: BBR Holdings - by dydx - 05-11-2013, 08:05 PM
RE: BBR Holdings - by vested - 24-12-2013, 04:58 PM
RE: BBR Holdings - by yeokiwi - 24-12-2013, 05:14 PM
RE: BBR Holdings - by vested - 24-12-2013, 05:16 PM
RE: BBR Holdings - by freedom - 21-02-2014, 11:15 AM
RE: BBR Holdings - by dydx - 11-04-2014, 11:25 PM
BBR Holdings - by ksir - 13-04-2014, 09:29 AM
RE: BBR Holdings - by dydx - 13-04-2014, 10:52 AM
BBR Holdings - by ksir - 13-04-2014, 12:33 PM
BBR Holdings - by ksir - 20-04-2014, 12:01 PM
RE: BBR Holdings - by vested - 02-07-2014, 11:31 AM
RE: BBR Holdings - by ksir - 02-07-2014, 01:31 PM
RE: BBR Holdings - by vested - 02-07-2014, 10:06 PM
RE: BBR Holdings - by dydx - 15-07-2014, 06:58 PM
RE: BBR Holdings - by dydx - 30-07-2014, 07:21 PM
RE: BBR Holdings - by kayaroti - 30-07-2014, 11:07 PM
BBR Holdings - by ksir - 15-07-2014, 07:47 PM
RE: BBR Holdings - by Curiousparty - 21-07-2014, 10:16 PM
RE: BBR Holdings - by GFG - 22-07-2014, 12:04 AM
RE: BBR Holdings - by sykn - 22-07-2014, 05:11 AM
RE: BBR Holdings - by Curiousparty - 22-07-2014, 08:33 AM
RE: BBR Holdings - by sykn - 22-07-2014, 01:45 PM
RE: BBR Holdings - by wahkao - 22-07-2014, 09:05 PM
RE: BBR Holdings - by sykn - 31-07-2014, 03:48 PM
RE: BBR Holdings - by Curiousparty - 31-07-2014, 06:46 PM
RE: BBR Holdings - by kelvesy - 31-07-2014, 07:34 PM
RE: BBR Holdings - by BestPrice - 31-07-2014, 10:48 PM
RE: BBR Holdings - by BestPrice - 05-08-2014, 10:03 PM
RE: BBR Holdings - by Ferns - 05-08-2014, 10:18 PM
RE: BBR Holdings - by BestPrice - 05-08-2014, 10:37 PM
RE: BBR Holdings - by sykn - 31-07-2014, 09:06 PM
RE: BBR Holdings - by Curiousparty - 06-08-2014, 08:49 AM
RE: BBR Holdings - by BestPrice - 06-08-2014, 09:27 AM
RE: BBR Holdings - by sykn - 31-07-2014, 09:09 PM
RE: BBR Holdings - by kelvesy - 05-08-2014, 08:57 PM
RE: BBR Holdings - by sykn - 05-08-2014, 10:14 PM
RE: BBR Holdings - by kelvesy - 06-08-2014, 06:00 AM
RE: BBR Holdings - by kelvesy - 05-08-2014, 10:22 PM
RE: BBR Holdings - by Curiousparty - 06-08-2014, 08:34 AM
RE: BBR Holdings - by freedom - 06-08-2014, 09:45 AM
RE: BBR Holdings - by ksir - 06-08-2014, 10:10 AM
RE: BBR Holdings - by BestPrice - 06-08-2014, 11:20 AM
RE: BBR Holdings - by BestPrice - 06-08-2014, 11:42 AM
RE: BBR Holdings - by sykn - 06-08-2014, 11:48 AM
RE: BBR Holdings - by Curiousparty - 12-08-2014, 09:13 AM
RE: BBR Holdings - by BestPrice - 29-08-2014, 10:53 PM
RE: BBR Holdings - by kelvesy - 30-08-2014, 12:27 AM
RE: BBR Holdings - by BestPrice - 14-09-2014, 08:23 PM
RE: BBR Holdings - by sykn - 14-09-2014, 11:14 PM
RE: BBR Holdings - by kelvesy - 14-09-2014, 11:42 PM
RE: BBR Holdings - by GFG - 15-09-2014, 12:01 AM
RE: BBR Holdings - by ksir - 16-09-2014, 11:56 AM
RE: BBR Holdings - by Curiousparty - 16-09-2014, 12:05 PM
RE: BBR Holdings - by GFG - 17-09-2014, 01:38 PM
RE: BBR Holdings - by ksir - 17-09-2014, 01:47 PM
RE: BBR Holdings - by CY09 - 05-10-2014, 10:46 AM
RE: BBR Holdings - by dydx - 15-10-2014, 09:48 PM
RE: BBR Holdings - by BestPrice - 29-10-2014, 12:23 AM
RE: BBR Holdings - by idyllic_yawster - 03-11-2014, 09:34 PM
BBR Holdings - by ksir - 03-11-2014, 11:04 PM
RE: BBR Holdings - by Yoyo - 04-11-2014, 10:22 AM
RE: BBR Holdings - by GFG - 04-11-2014, 11:05 AM
RE: BBR Holdings - by specuvestor - 04-11-2014, 10:41 PM
RE: BBR Holdings - by Yoyo - 05-11-2014, 03:09 PM
RE: BBR Holdings - by GFG - 06-11-2014, 12:23 PM
RE: BBR Holdings - by specuvestor - 05-11-2014, 03:39 PM
RE: BBR Holdings - by vested - 09-11-2014, 09:37 AM
RE: BBR Holdings - by pianist - 09-11-2014, 01:43 PM
Re: RE: BBR Holdings - by Belg - 09-11-2014, 03:12 PM
RE: BBR Holdings - by GFG - 13-11-2014, 07:22 PM
BBR Holdings - by ksir - 13-11-2014, 09:53 PM
RE: BBR Holdings - by GFG - 13-11-2014, 10:14 PM
BBR Holdings - by ksir - 13-11-2014, 10:22 PM
RE: BBR Holdings - by kelvesy - 13-11-2014, 10:24 PM
RE: BBR Holdings - by vested - 13-11-2014, 10:36 PM
RE: BBR Holdings - by GFG - 13-11-2014, 10:56 PM
BBR Holdings - by ksir - 13-11-2014, 11:35 PM
RE: BBR Holdings - by GFG - 14-11-2014, 12:30 AM
RE: BBR Holdings - by GFG - 17-11-2014, 05:49 PM
RE: BBR Holdings - by namralk - 13-11-2014, 11:53 PM
RE: BBR Holdings - by BestPrice - 14-11-2014, 09:52 AM
RE: BBR Holdings - by GFG - 14-11-2014, 11:51 AM
RE: BBR Holdings - by namralk - 14-11-2014, 10:05 AM
RE: BBR Holdings - by GFG - 14-11-2014, 11:46 AM
RE: BBR Holdings - by sykn - 17-11-2014, 07:07 PM
RE: BBR Holdings - by BestPrice - 17-11-2014, 08:24 PM
BBR Holdings - by ksir - 17-11-2014, 08:58 PM
RE: BBR Holdings - by GFG - 17-11-2014, 10:48 PM
RE: BBR Holdings - by GFG - 17-11-2014, 11:50 PM
RE: BBR Holdings - by BestPrice - 18-11-2014, 11:05 AM
RE: BBR Holdings - by andrefre - 20-11-2014, 01:59 PM
RE: BBR Holdings - by GFG - 21-11-2014, 11:44 PM
RE: BBR Holdings - by SLC81 - 24-01-2015, 08:33 PM
RE: BBR Holdings - by BlueKelah - 24-01-2015, 09:23 PM
RE: BBR Holdings - by GFG - 30-01-2015, 12:12 PM
RE: BBR Holdings - by GFG - 30-01-2015, 12:30 PM
RE: BBR Holdings - by GFG - 05-02-2015, 01:21 PM
RE: BBR Holdings - by revelationofpyramids - 07-02-2015, 09:27 AM
RE: BBR Holdings - by GFG - 07-02-2015, 09:43 AM
RE: BBR Holdings - by revelationofpyramids - 09-02-2015, 08:06 AM
RE: BBR Holdings - by GFG - 09-02-2015, 09:20 AM
RE: BBR Holdings - by revelationofpyramids - 09-02-2015, 10:02 AM
RE: BBR Holdings - by GFG - 09-02-2015, 10:15 AM
RE: BBR Holdings - by GFG - 08-11-2015, 11:33 PM
RE: BBR Holdings - by GFG - 24-02-2016, 02:30 AM
BBR Holdings - by ksir - 24-04-2016, 05:14 PM
RE: BBR Holdings - by sykn - 27-04-2016, 11:40 PM
RE: BBR Holdings - by TTTI - 30-04-2016, 12:45 PM
BBR Holdings - by ksir - 26-04-2016, 10:51 PM
RE: BBR Holdings - by TTTI - 27-04-2016, 01:40 AM
RE: BBR Holdings - by jeremyow - 27-04-2016, 12:30 PM
RE: BBR Holdings - by TTTI - 27-04-2016, 06:09 PM
BBR Holdings - by ksir - 27-04-2016, 07:09 PM
BBR Holdings - by ksir - 29-06-2016, 09:21 PM
RE: BBR Holdings - by TTTI - 29-06-2016, 10:31 PM
RE: BBR Holdings - by smallcaps - 16-02-2017, 09:46 PM
RE: BBR Holdings - by ksir - 16-02-2017, 11:00 PM
RE: BBR Holdings - by TTTI - 17-02-2017, 12:23 AM
RE: BBR Holdings - by ZZF - 30-06-2016, 01:38 PM
RE: BBR Holdings - by money - 03-08-2016, 09:37 AM
RE: BBR Holdings - by desmondxyz - 05-01-2017, 01:06 PM
BBR Holdings - by ksir - 05-01-2017, 05:53 PM
RE: BBR Holdings - by ksir - 21-02-2017, 03:41 PM
RE: BBR Holdings - by smallcaps - 21-02-2017, 10:34 PM
RE: BBR Holdings - by TTTI - 21-02-2017, 10:55 PM
RE: BBR Holdings - by ksir - 21-02-2017, 11:51 PM
RE: BBR Holdings - by TTTI - 22-02-2017, 01:00 AM
RE: BBR Holdings - by TTTI - 22-02-2017, 01:01 AM
RE: BBR Holdings - by weijian - 22-02-2017, 09:27 AM
BBR Holdings - by ksir - 22-02-2017, 01:10 AM
RE: BBR Holdings - by TTTI - 22-02-2017, 01:46 AM
RE: BBR Holdings - by YMPL - 22-02-2017, 10:07 AM
BBR Holdings - by ksir - 06-04-2017, 10:49 AM
RE: BBR Holdings - by TTTI - 06-04-2017, 11:20 AM
RE: BBR Holdings - by ksir - 19-04-2017, 11:52 PM
RE: BBR Holdings - by TTTI - 20-04-2017, 12:21 AM
RE: BBR Holdings - by weijian - 20-04-2017, 04:34 PM
RE: BBR Holdings - by TTTI - 20-04-2017, 06:53 PM
RE: BBR Holdings - by level13 - 20-04-2017, 05:29 PM
RE: BBR Holdings - by TTTI - 20-04-2017, 06:45 PM
BBR Holdings - by ksir - 20-04-2017, 04:49 PM
RE: BBR Holdings - by kelvesy - 20-04-2017, 05:13 PM
RE: BBR Holdings - by weijian - 20-04-2017, 09:58 PM
RE: BBR Holdings - by TTTI - 01-05-2017, 02:42 AM
RE: BBR Holdings - by donmihaihai - 03-05-2017, 10:48 AM
RE: BBR Holdings - by TTTI - 03-05-2017, 12:21 PM
RE: BBR Holdings - by donmihaihai - 03-05-2017, 01:30 PM
RE: BBR Holdings - by smallcaps - 25-05-2017, 11:30 PM
RE: BBR Holdings - by karlmarx - 30-07-2017, 08:49 PM
RE: BBR Holdings - by karlmarx - 01-08-2017, 09:05 PM
RE: BBR Holdings - by desmondxyz - 01-08-2017, 10:27 PM
RE: BBR Holdings - by TTTI - 11-10-2017, 03:18 PM
RE: BBR Holdings - by karlmarx - 11-10-2017, 05:42 PM
RE: BBR Holdings - by sgmystique - 12-10-2017, 02:45 PM
RE: BBR Holdings - by karlmarx - 12-10-2017, 07:41 PM
RE: BBR Holdings - by sgmystique - 13-10-2017, 10:06 AM
BBR Holdings - by ksir - 12-10-2017, 04:35 PM
RE: BBR Holdings - by TTTI - 12-10-2017, 06:03 PM
RE: BBR Holdings - by karlmarx - 12-10-2017, 10:22 PM
RE: BBR Holdings - by TTTI - 12-10-2017, 10:55 PM
RE: BBR Holdings - by chialc88 - 12-10-2017, 06:30 PM
RE: BBR Holdings - by TTTI - 12-10-2017, 09:30 PM
BBR Holdings - by ksir - 12-10-2017, 06:33 PM
RE: BBR Holdings - by TTTI - 12-10-2017, 09:17 PM
RE: BBR Holdings - by weijian - 13-10-2017, 09:24 AM
RE: BBR Holdings - by TTTI - 13-10-2017, 12:03 PM
RE: BBR Holdings - by weijian - 13-10-2017, 02:48 PM
TTI on BBR Holdings - by chialc88 - 12-10-2017, 09:25 PM
RE: TTI on BBR Holdings - by TTTI - 12-10-2017, 09:50 PM
BBR Holdings - by ksir - 13-10-2017, 02:50 PM
RE: BBR Holdings - by TTTI - 13-10-2017, 03:12 PM
RE: BBR Holdings - by cyclone - 17-09-2018, 08:34 PM
RE: BBR Holdings - by cyclone - 11-11-2019, 07:10 PM
C19 update: BBR Holdings - by ¯|_(ツ)_/¯ - 28-06-2020, 09:19 AM
RE: BBR Holdings - by ¯|_(ツ)_/¯ - 10-08-2020, 11:12 PM
RE: BBR Holdings - by ¯|_(ツ)_/¯ - 15-08-2020, 09:37 AM
RE: BBR Holdings - by ¯|_(ツ)_/¯ - 17-09-2020, 08:46 AM
RE: BBR Holdings - by ¯|_(ツ)_/¯ - 27-11-2020, 08:48 AM
RE: BBR Holdings - by cyclone - 06-04-2021, 07:01 PM
RE: BBR Holdings - by ¯|_(ツ)_/¯ - 15-08-2021, 10:28 AM
RE: BBR Holdings - by RBM - 01-03-2022, 01:47 PM
RE: BBR Holdings - by specuvestor - 01-03-2022, 05:33 PM
[split] Chip Eng Seng - by wahkao - 21-07-2014, 09:27 PM
RE: Chip Eng Seng - by Curiousparty - 21-07-2014, 09:40 PM
Chip Eng Seng - by ksir - 21-07-2014, 10:06 PM
RE: Chip Eng Seng - by Curiousparty - 21-07-2014, 10:33 PM

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