December 15, 2015

89 Awesome Value Investing Quotes From Walter Schloss

  1. We do not spend a great deal of time talking to management
  2. I helped Ben with the third edition of Security Analysis, published in 1951
  3. When you buy a depressed company it’s not going to go up right after you buy it, believe me
  4. Sell is tough. It’s the worst, it’s the most difficult thing of all
  5. You never get the high and you never get the low
  6. Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper
  7. My first job at Graham-Newman was to prepare the annual report for that 10th year
  8. I agree with Warren to keep it simple and not use higher mathematics in your analysis
  9. You have to be a little aware of the emotions of the people who have invested with you
  10. Warren is a very good judge of people and he’s a very good judge of businesses
  11. Ben’s emphasis was on protecting his expectation of profit with minimum risk
  12. You know, people tend to like to buy companies that are doing well
  13. We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down
  14. My job was to find stocks that were undervalued
  15. Ben was really a contrarian but he didn’t use those terms because he was really buying value
  16. You have to invest the way that’s comfortable for you
  17. Fear and greed tend to affect one’s judgement
  18. By setting up Berkshire Hathaway, Warren has done everything very rationally
  19. I found that it was much better to look at the figures rather than people
  20. If the stock goes down we want to buy more
  21. Basically, we try to buy value expressed in the differential between its price and what we think its worth
  22. One has to know more about a company if one buys earnings
  23. Ben was a very simple straightforward man with a brilliant quick mind
  24. Ben didn’t want to lose money. He had had a rough time during the depression
  25. Some kinds of stocks are easier to analyse than others
  26. Book values have some good and some bad features
  27. I don’t have a ticker-tape machine in my office
  28. Try to establish the value of a company
  29. People don’t like to buy things that are going down
  30. I liked the results of the profits in the markets
  31. Enjoy your work and have ethical standards
  32. Try to buy assets at a discount than to buy earnings
  33. Buy stocks where the outlook is not good
  34. I have been around a long time and Wall Street has changed a lot
  35. You have to have patience in this field
  36. The market is a very emotional place that appeals to fear and greed
  37. Most look at earnings and earnings potential, well I can’t get into that game
  38. Look for companies that do not have a lot of debt
  39. Be careful of leverage. It can go against you
  40. You never really know a stock until you own it
  41. I like the idea of company-paid dividends
  42. Try not to let your emotions affect your judgement
  43. Earnings can change dramatically. Usually assets change slowly
  44. Timidity prompted by past failures causes investors to miss the most important bull markets
  45. Have a philosophy of investment and try to follow it
  46. Look at companies selling at new lows
  47. Price is the most important factor to use in relation to value
  48. Have patience. Stocks don’t go up immediately
  49. Yes, Warren [Buffett] has done very well
  50. Ben was a very simple straightforward man with a brilliant quick mind
  51. Ben didn’t want to lose money. He had had a rough time during the Depression
  52. Ben was a great believer in buying a diversified group of securities, so that he limited his risk
  53. We basically followed the idea of buying comapnies selling below working-capital — at two thirds of working-capital
  54. This is a business. Like any other business
  55. I was in Graham’s office the day he bought GEICO. Warren owns one-third of the stock today
  56. Graham liked the idea of protection on the downside
  57. One of the tricks of this business is, keep your losses down
  58. I’m not very good on timing. In fact, I’ve stayed away from it
  59. You have to have confidence in what you’re doing
  60. Stockbrokers aren’t too interested in a stock you can sit there for five years with
  61. When I buy a stock, I have kind of an idea where I want to sell it
  62. Our average holding period is four years
  63. I’m a passive investor. There are people who are very aggressive; they try to buy companies
  64. Making a decision to sell is the most difficult thing we do
  65. All the publicity about value investing – it’s become a very popular thing
  66. We don’t put the same amount of money in each stock
  67. We may buy a little bit of a stock, to get our feet wet and get a feeling for it
  68. Managements, you know, often think of themselves
  69. A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?
  70. If the market is so cheap, you want to get something with a little more zip in it, or potential
  71. We get a feeling, if we can, about what we think the company is worth
  72. If there are not too many value stocks that I can find, the market isn’t all that cheap
  73. If the market were way over priced, I wouldn’t own any stocks
  74. Remember that a share of stock represents a part of a business and is not just a piece of paper
  75. Use book value as a starting point to try and establish the value of the enterprise
  76. Be sure that debt does not exceed 100% of the equity
  77. Don’t buy on tips or for a quick move
  78. Don’t sell on bad news
  79. Don’t be afraid to be a loner but be sure that you are correct in your judgement
  80. Try to look for weaknesses in your thinking
  81. Have the courage of your convictions once you have made a decision
  82. Don’t be in too much of a hurry to sell
  83. Before selling, try to re-evaluate the company again and see where the stock sells in realtion to its book value
  84. Be aware of the level of the stock market. Are yields low and PE ratios high?
  85. I find it helpful to buy near the low of the last few years
  86. Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks
  87. Devise a simple strategy so you can sleep at night
  88. Make sure you have the courage to stay true to your convictions and not let the market affect your emotions

taken from here

November 30, 2015

Daftar Group Emiten BEI

taken from stockbit, post from repento :

posting disimpan untuk remainder pribadi tentang emiten & group masing


Daftar Group dan kenaikan/penurunan harga sahamnya dari 1 jan 2014-13 Des 2014


1.BUMN
$BMRI 7850~10750 = 36.94%
$BBRI 7250~11650 = 60.69%
$BBNI 3950~6000 = 51.90%
$BBTN 870~1170 = 34.48%
$AGRO 118~108 = -8.47%
$WIKA 1580~3345 = 111.71%
$ADHI 1510~3080 = 103.97%
$PTPP 1160~3325 = 186.64%
$WSKT 405~1220 = 201.23%
$SMGR 14150~16525 = 16.78%
$SMBR 330~387 = 17.27%
$TLKM 2150~2825 = 31.40%
$PGAS 4475~6000 = 34.08%
$JSMR 4725~6900 = 46.03%
$GIAA 496~605 = 21.98%
$KAEF 590~1425 = 141.53%
$INAF 153~372 = 143.14%
$ELSA 330~660 = 100.00%
$PTBA 10200~12950 = 26.96%
$TINS 1081~1185 = 9.62%
$ANTM 1090~970 = -11.01%
$KRAS 495~480 = -3.03%

2.BUMD
$BJBR 890~775 = -12.92%
$BJTM 375~460 = 22.67%
$PJAA 1090~1550 = 42.20%

3.Jardine
$ASII 6800~7175 = 5.51%
$AUTO 3650~3800 = 4.11%
$BNLI 1260~1510 = 19.84%
$UNTR 19000~17100 = -10.00%
$AALI 25100~23675 = -5.68%
$ASGR 1670~1950 = 16.77%
$TURI 530~600 = 13.21%
$HERO 2425~2460 = 1.44%

4.Saratoga
$SRTG 4800~4935 = 2.81%
$TBIG 5800~9550 = 64.66%
$ADRO 1090~1025 = -5.96%
$MPMX 1280~850 = -33.59%
$PALM 360~498 = 38.33%
$BEKS 84~79 = -5.95%
$MITI 297~188 = -36.70%

5.Triputra
$ASSA 280~177 = -36.79%
$DSNG 2050~3750 = 82.93%

6.Grup SSIA
$SSIA 560~1075 = 91.96%
$NRCA 670~1205 = 79.85%

7.Djarum
$BBCA 9600~13250 = 38.02%
$AHAP 168~210 = 25.00%
$TOWR 2750~4100 = 49.09%

8.Salim
$INDF 6600~6550 = -0.76%
$ICBP 10200~11700 = 14.71%
$ROTI 1020~1300 = 27.45%
$FAST 1900~2085 = 9.74%
$DNET 800~875 = 9.38%
$LSIP 1930~1945 = 0.78%
$SIMP 780~735 = -5.77%
$IMAS 4900~3140 = -35.92%
$IPOL 107~140 = 30.84%

9.Ciputra
$CTRA 750~1285 = 71.33%
$CTRS 1310~2935 = 124.05%
$CTRP 620~870 = 40.32%
$MTLA 380~470 = 23.68%
$MTDL 285~620 = 117.54%
$TMPO 158~128 = -18.99%

10.Lippo
$MLPL 360~895 = 148.61%
$LPKR 910~1100 = 20.88%
$LPCK 4875~10600 = 117.44%
$GMTD 8300~6700 = -19.28%
$MPPA 1940~3600 = 85.57%
$LPPF 11000~15200 = 38.18%
$NOBU 590~765 = 29.66%
$LPGI 3275~4400 = 34.35%
$LPLI 480~665 = 38.54%
$LPPS 194~221 = 13.92%
$LPIN 5000~6200 = 24.00%
$KBLV 580~2495 = 330.17%
$LINK 1600~5200 = 225.00%
$MLPT 1010~1020 = 0.99%
$SILO 9500~14600 = 53.68%

11.Sinarmas
$BSDE 1290~1785 = 38.37%
$PLIN 2000~3000 = 50.00%
$DUTI 4475~4650 = 3.91%
$SMAR 7850~7950 = 1.27%
$GEMS 2175~2000 = -8.05%
$DSSA 13500~12900 = -4.44%
$INKP 1400~1120 = -20.00%
$TKIM 1376~905 = -34.23%
$BSIM 240~288 = 20.00%

12.MNC
$BHIT 340~291 = -14.41%
$BMTR 1900~1415 = -25.53%
$MNCN 2625~2375 = -9.52%
$MSKY 2000~1445 = -27.75%
$CMNP 3350~3130 = -6.57%
$KPIG 1310~1195 = -8.78%
$BCAP 1340~1010 = -24.63%
$BABP 120~87 = -27.50%
$IATA 81~86 = 6.17%

13.Emtek
$EMTK 5550~6000 = 8.11%
$SCMA 2625~3365 = 28.19%

14.Kalbe
$KLBF 1250~1775 = 42.00%
$EPMT 4000~2850 = -28.75%
$IGAR 295~324 = 9.83%

15.Merck
$MERK 189000~157000 = -16.93%
$SCPI SUSPEND

16.Taisho Farmasi
$SQBI 314000~315000 = 0.32%
$SQBB SUSPEND

17.Panin
$PNBN 660~1110 = 68.18%
$PNLF 195~293 = 50.26%
$PNIN 670~765 = 14.18%
$AMAG 198~239 = 20.71%
$PANS 4000~4995 = 24.88%
$CFIN 400~439 = 9.75%
$VRNA 92~82 = -10.87%

18.Mayapada
$MAYA 2750~1880 = -31.64%
$SRAJ 250~226 = -9.60%
$SONA 4800~4100 = -14.58%

19.Coutts&Co+Abn Amro+Barclay Bank
$ABDA 4000~6150 = 53.75%
$MREI 2675~5000 = 86.92%

20.Temasek
$BDMN 3775~4450 = 17.88%
$ADMF 8100~7300 = -9.88%

21.Victoria
$VICO 119~128 = 7.56%
$BVIC 125~121 = -3.20%

22.Trakindo
$HDFA 230~210 = -8.70%
$ABMM 3000~2575 = -14.17%

23.Rajawali
$BWPT 1106~402 = -63.65%
$SMMT 1686~1770 = 4.98%
$META 255~200 = -21.57%
$TAXI 1460~1225 = -16.10%
$RMBA 570~515 = -9.65%
$FORU 167~690 = 313.17%

24.Northstar
$BTPN 4300~4170 = -3.02%
$AMRT 450~500 = 11.11%
$MIDI 530~570 = 7.55%
$TRIO 1290~1140 = -11.63%
$GLOB 1250~1010 = -19.20%
$DOID 92~210 = 128.26%
$ESSA 2375~2920 = 22.95%
$MASA 390~415 = 6.41%

25.Agro Manunggal
$ASRI 430~580 = 34.88%
$BEST 445~730 = 64.04%

26.Modern
$MDLN 390~515 = 32.05%
$MDRN 770~620 = -19.48%

27.Jaya
$JRPT 800~1030 = 28.75%
$JKON 550~850 = 54.55%

28.Tristar
$GAMA 88~50 = -43.18%
$BACA 88~87 = -1.14%

29.Panorama
$PANR 390~500 = 28.21%
$PDES 136~184 = 35.29%
$WEHA 235~265 = 12.77%

30.Bakrie
$BUMI 300~70 = -76.67%
$BRAU 186~68 = -63.44%
$BORN 174~50 = -71.26%
$BRMS 199~299 = 50.25%
$DEWA 50~50 = 0.00%
$ENRG 70~105 = 50.00%
$ELTY 50~50 = 0.00%
$BTEL 50~50 = 0.00%
$BNBR 50~50 = 0.00%
$VIVA 275~495 = 80.00%
$MDIA 1380~2400 = 73.91%

31.Indika
$PTRO 1150~1000 = -13.04%
$INDY 590~535 = -9.32%
$MBSS 1010~1000 = -0.99%

32.Ancora
$APEX 2550~3100 = 21.57%
$OCAS 159~135 = -15.09%

33.Gajah Tunggal
$GJTL 1680~1335 = -20.54%
$MAPI 5500~5325 = -3.18%
$ADMG 220~169 = -23.18%
$KBLI 142~157 = 10.56%

34.Maspion
$ALIM 300~266 = -11.33%
$INAI 290~345 = 18.97%
$BMAS 285~340 = 19.30%

35.Barito Pacific
$BRPT 410~313 = -23.66%
$TPIA 2975~3000 = 0.84%

36.SIam Cement
$KIAS 155~144 = -7.10%
$KOIN 275~430 = 56.36%

37.Trisula
$TRIS 400~360 = -10.00%
$CINT 330~364 = 10.30%

38.NT-AM
$ARNA 820~920 = 12.20%
$CSAP 180~610 = 238.89%

39.Sekar
$SKBM 480~970 = 102.08%
$SKLT 180~250 = 38.89%

40.Pudjiaji
$PNSE 580~540 = -6.90%
$PUDP 480~431 = -10.21%

41.Artha Graha
$JIHD 1330~1120 = -15.79%
$SCBD 3340~1800 = -46.11%
$INPC 91~86 = -5.49%

42.Wisma Bina Surya
$BLTA SUSPEND
$BULL SUSPEND


43 Sungai Budi Group :
BUDI
TBLA


44. Gudang Garam Group :
GGRM
TRST

November 16, 2015

Professional (joke)

Para Perampok Professional ::
Sewaktu perampokan di Guangzhou, China, perampok bank berteriak kesemua orang di bank: "Jangan Bergerak. Uang ini Milik Negara, Hidupmu milikmu." Semua orang di bank menunduk dengan tenang. Ini yang disebut "Konsep Merubah Pikiran" Merubah cara berpikir yang konvensional.

Ketika seorang wanita berbaring di meja secara profokatif, perampok berteriak padanya "Beradablah, Ini perampokan, bukan pemerkosaan!" Ini yang disebut "Professional" fokus hanya kepada apa yang kamu dilatih untuk..

Ketika Perampok kembali kerumah, perampok yang lebih muda (lulusan s2) berkata kepada perampok yang tua (lulusan sd): "Bang, ayo kita hitung berapa yang kita dapat." Perampok yang lebih tua bilang "Bego banget lo. Duitnya banyak gitu lama pasti ngitungnya. Malem ini lihat aja di TV bakal bilang berapa yang kita rampok dari bank!" Ini yang disebut "Pengalaman." Sekarang pengalaman lebih penting dari gelar..!

Setelah perampok pergi, manajer bank bilang pada supervisor bank untuk menelpon polisi secepatnya. Tetapi supervisor berkata: "Tunggu! Ayo kita ambil $10juta dollar dari bank untuk kita dan tambahkan ke $70juta dollar yang sudah diambil dari bank".
Ini yang disebut "Sambil Berenang Minum Air." Merubah keadaan tak baik menjadi keuntungan anda!

Supervisor berkata: " Akan sangat bagus bila ada perampokan setiap bulan."
Ini yang disebut "Membunuh Kebosanan" Kebahagiaan personal lebih penting dari pekerjaan anda.

Keesokan harinya, Berita TV melaporkan bahwa $100juta telah dicuri dari bank. Perampok menghitung dan menghitung, tetapi mereka hanya dapat $20juta dollar. Perampok sangat marah dan komplain "Kita meresikokan hidup kita dan hanya dapat $20juta dollar. Pekerja Bank mengambil $80juta dollar dengan santai. Sepertinya mendingan menjadi teredukasi daripada perampok!"
Ini yang disebut "Pengetahuan bernilai lebih banyak dari emas" Manajer bank tersenyum dan bahagia karena kekalahan di main saham dapat di bayarkan oleh perampokan yang terjadi. Ini yang disebut "Mengambil kesempatan." Berani mengambil resiko!

Jadi siapakah pencuri Sejati dan lebih professional disini?

Sumber : anonim

November 10, 2015

Thanks Customer Service XL

Beberapa hari yang lalu saya ada interaksi dengan customer service XL karena adanya pemotongan pulsa yang saya klaim untuk dikembalikan. Dan Customer service XL ternyata degnan bijak dan responsive mengembalikan pulsa saya.

Thanks XL :)

October 30, 2015

Rekap LK Q3 emiten

Rekap Laba (-Rugi) Bersih Emiten 9M15 vs 9M14 (copied from whatsapp group) :

• ASII Rp11.99t vs Rp14.49t
• UNTR Rp5.57t vs Rp4.78t
• ACST Rp12.9m vs Rp69.1m
• KAEF Rp163m vs Rp144m
• MIDI Rp53.1m vs Rp51.2m
• MYOH $20.18jt vs $18.33jt
• BTON Rp11.5m vs Rp5.1m
• BSDE Rp1.73t vs Rp3.22t
• DUTI Rp424m vs Rp497m
• MIRA -Rp24.3m vs -Rp403jt
• ANJT -$7.69jt vs $17.00jt
• HEXA $1.29jt vs $7.75jt
• TCID Rp455m vs Rp151m
• PYFA Rp718jt vs Rp426jt
• PWON Rp1.17t vs Rp1.31t
• DVLA Rp97.7m vs Rp77.8m
• TINS Rp10.5m vs Rp455m
• CENT -Rp32.9m vs -Rp28.3m
• FAST Rp72.3m vs Rp118m
• MYOR Rp869m vs Rp249m
• BUKK Rp21.3m vs Rp53.8m
• IMJS Rp78.9m vs Rp135m
• JSMR Rp961m vs Rp1.06t
• TSPC Rp519m vs Rp548m
• LSIP Rp469m vs Rp706m
• SIMP Rp74m vs Rp568m
• ELSA Rp226m vs Rp288m
• AKRA Rp845m vs Rp578m
• TURI Rp199m vs Rp187m
• LEAD $265rb vs $16.83jt
• KKGI $4.11jt vs $7.97jt
• BJBR Rp861m vs Rp714m
• BBKP Rp795m vs Rp675m
• BNLI Rp205m vs Rp235m
• SMGR Rp3.19t vs Rp4.08t
• PSAB $29.07jt vs $12.14jt
• BBCA Rp13.4t vs Rp12.2t
• TLKM Rp11.5t vs Rp11.3t
• EXCL -Rp506m vs -Rp837m
• AALI Rp145m vs Rp1.88t
• AUTO Rp179m vs Rp641m
• ASGR Rp160m vs Rp174m
• DSFI Rp10.06m vs Rp5.21m
• SIDO Rp326m vs Rp314m
• UNVR Rp4.18t vs Rp4.05t
• LPPF Rp1.38t vs Rp1.06t
• SONA Rp38.7m vs Rp105m
• WSKT Rp400m vs Rp129m
• SMBR Rp265m vs Rp221m
• BBTN Rp1.22t vs Rp755m
• BDMN Rp1.89t vs Rp2.11t
• NISP Rp1.06t vs Rp942m
• AGRO Rp53.04m vs Rp41.24m
• PTPP Rp370m vs Rp290m
• BVIC Rp108m vs Rp132m
• BNBR -Rp604m vs Rp20.4m
• KICI Rp3.11m vs Rp5.94m
• INCI Rp19.6m vs Rp6.6m
• TMAS Rp231m vs Rp136m
• GIAA $50.1jt vs -$222.3jt
• INCO $51.8jt vs $130.3jt
• BBRI Rp18.28t vs Rp18.03t
• BABP Rp7.64m vs -Rp19.6m
• BJTM Rp696m vs Rp743m
• BTPN Rp1.37t vs Rp1.42t
• PTBA Rp1.50t vs Rp1.58t
• BBNI Rp5.99t vs Rp7.61t
• SSIA limited review
• WIKA limited review
• DAJK audit
• SMRA limited review

September 26, 2015

Bisnis merugi yang tak pernah mati

Pernah lihat ada restoran, toko kue, salon, atau spa yang hampir selalu sepi selama bertahun-tahun tapi ga tutup-tutup ?

Yang kalo dihitung secara kasar pasti rugi, tapi bertahan bertahun-tahun (lebih lama dari masa promo yg normal) ? Kalo saya sih, jadi curiga bisnis semacam itu adalah bisnis untuk cuci uang :)

September 14, 2015

Daftar Emiten Berencana melakukan Buyback 2015

Daftar emiten yg beRENCANA buyback :

$LEAD : http://www.saham.ws/lead-is-planning-to-conduct-stock-split-and-share-buyback-in-the-near-future/

$MNCN $BHIT $BMTR : http://www.saham.ws/mncnbmtrbhit-gejolak-pasar-hary-tanoe-buyback-saham-3-emiten-rp64-triliun/

$SMGR : http://www.saham.ws/smgr-ready-for-buyback/

$RALS : http://www.saham.ws/rals-exercise-buyback-amounted-to-rp19-15bn/

$MSKY : http://www.britama.com/index.php/2015/07/msky-buyback-saham-dengan-harga-rata-rata-rp1800-per-saham/

$GIIA : http://www.britama.com/index.php/2015/08/garuda-indonesia-tbk-giaa-berencana-buyback-saham/

$MPMX : http://www.britama.com/index.php/2015/08/mpmx-berencana-buyback-saham-dengan-dana-rp50-miliar/

$TBLA : http://www.britama.com/index.php/2015/08/tbla-siapkan-dana-rp120-miliar-untuk-beli-saham-kembali-buyback/

$CTRP : http://www.britama.com/index.php/2015/09/ctrp-siapkan-uang-rp100-miliar-untuk-buyback-saham/

$SIDO : http://www.britama.com/index.php/2015/09/sido-siapkan-dana-rp19800-miliar-untuk-buyback-saham/

$PTBA : http://www.britama.com/index.php/2015/09/ptba-gelontorkan-dana-rp65000-miliar-untuk-buyback-saham/

$DSNG : http://www.britama.com/index.php/2015/09/dsng-mulai-buyback-hari-ini-hingga-7-desember-2015/

$CLPI : http://id.beritasatu.com/marketandcorporatenews/clpi-siap-buyback-saham/126157

$ACES

$ROTI

Sekedar share juga untuk diri sendiri (biar kesimpen) :)


tambahan dari kontan :

"Terdapat 19 perusahaan yang menyatakan melakukan 'buyback' sahamnya dengan total perkiraan dana yang dikeluarkan sebesar Rp 5,004 triliun. Namun per 15 September 2015, baru tiga perusahaan yang baru merealisasikan," ujar Deputi Komisioner Pengawas Pasar Modal II M Noor Rachman di Jakarta, Kamis.

Ia memaparkan tiga perusahaan yang telah merealisasikan "buyback" yakni PT Ramayana Lestari Sentosa Tbk sebesar Rp 27,57 miliar, PT Ace Hardware Indonesia Tbk senilai Rp 9,21 miliar, dan PT Nippon Indosari Corpindo Tbk Rp 54 miliar.

Sementara itu, perusahaan yang belum merealisasikan "buyback" yakni 
Mitra Pinasthika Mustika Tbk, 
Arwana Citramulia Tbk, 
Medco Energi International Tbk,
Colorpak Indonesia Tbk, 
Tunas Baru Lampung Tbk, 
Nusa Raya Cipta Tbk, 
Ciputra Property Tbk, 
Saratoga Investama Sedaya Tbk.

Selain itu, 
Panin Sekuritas Tbk, 
Steel Pipe Industry of Indonesia Tbk, 
Bumi Serpong Damai Tbk, 
Sidomulyo Selaras Tbk, 
Bukit Asam Tbk, 
Industri Jamu & Farmasi Sidomuncul Tbk, 
Mulia Industrindo Tbk, 
Dharma Satya Nusantara Tbk.