Low Keng Huat (Singapore)

[davidoh]

Just to share, I dipped my toes a little bit into LKH recently based on views from Value Buddies. Last year's earnings were poor compared to FY13 which was its best year (over last 5), but even then, they paid 3 cents dividends, and my estimate of the Margin of Safety based on FY14 results was pretty high - so I felt safe to get in when market is not enthusiastic. My view is that if we look beyond year to year performance (which is always lumpy for property developers), it should do well in the medium term. Just my two cents worth, but I hasten to reinforce CityFarmer's advice that depending on DIY analysis is still the best.

Thank you Skyn.

I am trying to liquidate. China Oilfield literally killed me. I lost all my savings (six figure sum and first number is not 1). I subscribed to the IPO but it kept falling so I averaged down. Until no more bullets. Hoping one day it will turn around because I believe the company's information about their commitment and what they are doing. Recently I found out they were BS. Worse they now want to close shop. When IPO was 60 cents and now 0.004cents. I am not crying as it is already very long time ago. Lesson learnt and hoping for some mentor to learn from.

It is easy to read books, I read a lot including intelligent investor and so on. So much theory and most of the time it does not work.

Difficult to make back. Many gurus here are complaining not making enough but here the stupid one, is trying to break even all these years.

Thanks for listening.

I am still learning and appreciate any mentor's advice.