Disclaimers Continued..

• The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.

Believed to be reliable!

Here is a research article on Timberwell done on March 11th 2004. ( Timberwell : 11th March 2004 )

Price of Timberwell at March 11th 2004 was at 4.16.

1. If you look at the very last paragraph of the write-up, the OSK writer knew and realised that this was no ordinary stock. It was a stock shooting for the moon. The stock has outperformed the KLCI by 200%!!

2. Consider the fact that the OSK writer knew that Timberwell had reported losses from fy 2000 onwards.

3. The stock earnings for fy 2004, despite all the recent year losses, is projected to be 14.3 million or an earnings per share of 26.3 sen! (LOL!!! from zero to hero?)

4. A stock which has NO earnings since fy 2000, in a net debt position, already outperforming the KLCI by 200% was given a BUY recommendation with a target price of rm5.00.

5. The writer even insinuated that the company will have a revaluation of its assets, giving it a four-fold increase in its NTA. LOL! From a NTA of rm1.21 to rm4.99 (LOL! Amazing.. their NTA re-evaluation is so close to their target price) (click here for Timberwell latest earnings report. )

Forget this not...

The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not guaranteed and opinions are subject to change without notice.

Did I say that Timberwell was trading at a price of 4.16 on 11th March 2004?

So given all those issues mentioned... do you reckon that OSK buy recommendation justifiable??

Let me say again hor... Timberwell was at 4.16 on 11th March 2004.

Now get this... on the 12th March, Timberwell opened at 4.00. Intra-day low was at 3.30! Yup, 3.30. And Timberwell closed the day at 3.48!!!

Look the beautiful picture below..



And what's even more interesting is that I am not able to search for this OSK article in OSK website anymore! Hmmm.. I wonder why hor... luckily I had this article saved in my hard disk... :p