Dear Friends,
Truth is Stranger Than Fiction. If You Know There Are Bargains Everywhere
Once Magellan Fund Sifu Peter Lynch paid a visit to VOLVO Factory in Europe. He wanted to see the Company Accounts. Bosses at Volvo were quite surprised & amused but gave in to Peter's request.
To Peter Lynch' Great Delight he saw that VOLVO was then selling at CASH Level
So by buying VOLVO he got it Back in VOLVO'S CASH POSITION PLUS
PLUS VOLVO FACTORY IS FREE
VOLVO INVENTORIES OF CARS ALL FREE
ALL THE FACTORY BUILDINGS WERE ALSO FREE
Upon returning to USA he bought and bought up All Volvo Shares His Fund Could Afford
NO WONDER PETER LYNCH'S MAGELLAN FUND BEATS WARREN BUFFET BERKSHIRE HATHAWAY FOR 13 STRAIT YEARS
Now one Company in Malaysia called WTK (4243) KLSE MALAYSIA owns 2 Free Hold Industrial Buidings in Singapore
A check with its Balance Sheet shows that
WTK HAS CURRENT CASH OF 46.9 SEN PER SHARE
Since WTK closed at 47 sen it is priced at NET CASH of 46.9 SEN
AND ITS NON CURRENT BORROWINGS AS BACKED BY PLANTATION ASSETS IN LUMBER & CPO PALM OIL
Apart from that WTK also own Many Investment Assets all over West & East Malaysia including Singapore.
SINGAPORE?
YES!
See from Properties owned by WTK
No. 86 *
Tagore Lane Industrial Estate.........Bouight 30 Sept 1983. ....36 years ago. Book value RM4,086,000
....11,354 sq.ft.
Freehold
Land with
office &
warehouse
HA! WE SEE BUILDING WAS PURCHASED 36 YEARS AGO FOR RM4.086 MILLION RINGGIT
(NEVER REVALUE AS YET?)
What is the Current Advertised Value of Industrial Buildings in Tagore Lane?
See
Advertised By May Lau - Call +6597762411
Re-listed on April 16, 2021
Beautiful Freehold Corner Terrace B1 Industrial for Sales at Tagore lane!! Like Brand New, move in condition!!! Property Address : Tagore Lane - Lot Area : 604.1m2 ( approx. 6502.53sqft)
NOW YOU SEE IT
11,036 sq ft (after 36 years) is worth S$11.8 MILLIONS
Since we must compare Apple with Apple we might get the Ringgit Value by
Multiplying S$11,800,000 by 3.10 = Rm36,580,000
How many per cent more after 36 years?
Divide Rm36,580,000 by Rm4,0086,000 = 8.925 Times or 892.5%
How many per cent a year
24.79% a year!! (THIS IS WHAT BERSHIRE HATHAWAY USED TO GET - 25% PER YEAR GROWTH & OF COURSE NOW LESS)
NOW WE ARE GETTTING THESE INDUSTRIAL ASSETS FOR FREE BY BUYING INTO WTK
THE BIG BONUS IS - WE ARE BUYING INTO HISTORIC VALUE OF YEAR 1983
WOWEE!!
IF WALTER SCHLOS & THE GREAT BENJAMIN GRAHAM KNOW THEY WILL SURE BUY UP WTK & CLAP WITH GLEE!!
The Next Building?
See Below
No. 88 *....................
Tagore Lane
Industrial Estate
9,542
sq.ft.
Freehold
Land with
office &
warehouse
Date of Purchase : 21 July 2017
BOOK VALUE RM6,201,000 or in Sing Dollar multiply by 0.31 = S$1,922,000
COULD SOMEONE FIND A VALUER TO CHECK HOW MUCH
IT IS A 3 STOREY INDUSTRIAL BUILDING SIZE 9,542 SQ FT (FREEHOLD)
ADDRESS 88, TAGORE LANE, UPPER THOMPSON, SINGAPORE IS WORTH CURRENTLY?
SURELY IT CANNOT BE S$1.922 MILLIONS ONLY??
KINDEST REGARDS
Calvin Tan Research
Please buy or sell after doing your own due diligence. In doubt please consult your Remisier, Fund Manager or Property Valuer
Business Background of WTK from i3 Forum page
WTK Holdings Bhd is engaged in investment holding and provision of management services. Business activity of the firm is functioned through Timber, Plantation, Trading, Manufacturing, Investment holding and others, and Oil and gas segments. The company derives the majority of revenue from Timber segment which is engaged in the extraction and sale of timber, manufacture, and sale of plywood, veneer and sawn timber. Geographically all the operation of the firm is functioned through Malaysia, however, the company also has its presence in the region of Malaysia, Japan, India, Taiwan, Singapore, Philippines and in other regions.
Property Investments of WTK are under
Investment holdings and others.
calvintaneng
Amazing
only 54 page views and this post in Top number one already
how come i3 forum Spore not laku like i3 forum Malaysia ???
2021-04-17 18:21