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1. Management almost always over-rate their own valuation of the company
2. The $ they have generated from IPO is loads. What is a few lots of $? If I have made $100M from an IPO, $200K is nothing... especially if I am SHOWING the shareholders I put my $ where my mouth is... cheap cheap....
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Surprising, there are numerous insider trades done (BUY) on the 10th Aug. Why are they buying if they know the numbers are going to be lousy.
10 Aug 2012 Wilmar Kuok Khoon Hong 1,000 -
Note
10 Aug 2012 Wilmar Martua Sitorus 800 -
Note
10 Aug 2012 Wilmar Teo Kim Yong 500 -
Note
10 Aug 2012 Wilmar Kuok Khoon Chen 200 -
Note
10 Aug 2012 Wilmar Kuok Khoon Ean 200 -
Note
10 Aug 2012 Wilmar Leong Horn Kee 200 -
Note
10 Aug 2012 Wilmar Yeo Teng Yang 250 -
Note
10 Aug 2012 Wilmar Tay Kah Chye 200 -
Note
[/quote]
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(15-08-2012, 01:28 PM)nitro Wrote: (15-08-2012, 10:18 AM)dydx Wrote: From the way and extent Wilmar's share price has fallen in the last 6 months (since late Feb12).....
http://finance.yahoo.com/q/bc?s=F34.SI&t...&z=l&q=l&c=
it appears to me the clock has finally struck 12:00 mid-night, and the party is coming to an end, quite abruptly!
While many people in the past had made money from investing in Wilmar, this time round many have lost a big bundle, especially in the last 6 months.
It pays to take a look at the just released 2Q result.....
http://info.sgx.com/webcoranncatth.nsf/V...A00341F4E/$file/Wilmar_2Q12_Results_Announcement.pdf?openelement
Based on the latest 2Q numbers, basically Wilmar as a business is now having only a 7.8% GP Margin, and earns a PBT Margin of only a little over 1.3% on revenue. Apart from its low and fallen profitability, I guess another worry is Wilmar's massive debts, which totalled some $19.5b on gross basis and $14.0 on net basis as at 30Jun12.
I think we have a big company's woes here! Any views from fellow forumers to share?
Surprising, there are numerous insider trades done (BUY) on the 10th Aug. Why are they buying if they know the numbers are going to be lousy.
10 Aug 2012 Wilmar Kuok Khoon Hong 1,000 -
Note
10 Aug 2012 Wilmar Martua Sitorus 800 -
Note
10 Aug 2012 Wilmar Teo Kim Yong 500 -
Note
10 Aug 2012 Wilmar Kuok Khoon Chen 200 -
Note
10 Aug 2012 Wilmar Kuok Khoon Ean 200 -
Note
10 Aug 2012 Wilmar Leong Horn Kee 200 -
Note
10 Aug 2012 Wilmar Yeo Teng Yang 250 - o
Note
10 Aug 2012 Wilmar Tay Kah Chye 200 -
Note
Acceptance of Option to subscribe for xxx,000 Wilmar shares granted on 12 July 2012 pursuant to the terms and conditions of the Wilmar Executives Share Option Scheme 2009.
The thing about karma, It always comes around and bite you when you least expected.
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15-08-2012, 02:00 PM
(This post was last modified: 15-08-2012, 03:33 PM by freedom.)
Wilmar has made those easy money in 2007 - 2008 when they acquired a lot of related companies in China. At that time, the mainland players were still very fragmented and capital investment in the industry was low. Now, it is much different. Government is encouraging and giving incentives for Chinese players (COFCO, Sinograin, etc) to expand and kinda preventing Wilmar as a foreign player from growing even larger.
China has a growing consumption market, so there is still a lot of money to be made. But that requires excellent execution.
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WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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15-08-2012, 09:48 PM
(This post was last modified: 15-08-2012, 09:52 PM by mrEngineer.)
Although wilmar is scoffed by investors here, in the business arena, their name, reputation and political relationships really shakes the ground. People in commodity sector (hard or soft) may know what I mean. Not convenient to elaborate more.
Not vested.
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15-08-2012, 10:00 PM
(This post was last modified: 15-08-2012, 10:14 PM by cfa.)
In PRC , change of leadership = change of ballgame. RK is influential there but the younger generation of leaders may not have to give face to him.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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I think the Kuok family is one of the richest in Asia. So can we safely say Wilmar wont fold up? Imp is the entry price.
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How to value such a stock?
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