Tuesday, September 29, 2009

Holding Review on September 2009

Only 1 change, that is my addition of ASA Group recently at $0.055. The reason is mostly speculative as I bought it because of some insider trading and the long-term loan provided by the major shareholder. The company is also in the SGX Watchlist so SGX will probably help me query them more often. Its price is very low so it is very sensitive to any price change. A change of $0.005 will already result in a 9% change in value, so be extra careful and do your own homework.

I had been trying to get China Precision at 0.27 but could not. I tried different lots size, placing order at 5:15pm to hopefully end up at the start of the queue the next day but nothing seems to work.



Investment SecuritiesPurchase DateAnnualised ReturnSharesBuy Price
Powerplus15-Jan-2008-39.60%32,0000.215
STI ETF*15-Jan-2008-13.70%1,9833.47
Cacola17-Oct-2008-24.26%11,0000.095
STI ETF*17-Oct-200826.40%5022.08
Sihuan25-Aug-20097.24%10,0000.955
STI ETF*25-Aug-20094.20%3,6042.65
ASA Group28-Sep-20092720.26%33,0000.055
STI ETF*28-Sep-2009-548.09%6802.67

* indicate benchmark for performance tracking. Note the STI ETF does not include dividends, so performance of the ETF is underrated by around 4 to 5% per year.


Sihuan: Still no open market purchase by China Pharma. China Pharma stock has risen quite a bit, and there don't seem to be any bad news. So continue to try selling at $0.975, the offer price. I am still not sure if it is worthwhile to accept the offer instead of selling on the open market.

Cacola: I decide against studying in detailed about Cacola. I read about Buffett saying, if you need a computer or calculator for analyzing the company, it is too complex for you. Sadly, there has been no news release about the 21st August court result against IW Asset. Probably, it was postponed but no idea. For people interested in searching more, try 东莞家居乐 which is the chinese name of Cacola.

Powerplus: I should probably sell it if I find better opportunity and not get too emotional with it. The buying of China Steel Australia, a company a previous non-executive chairman had directorship in, did not have a positive impact to the company income statement this year. The company also converted the plant from a nickel pig iron to merchant pig iron, resulting in huge capital expenditure. I have no clue about steel industry and I did not buy Powerplus to study about steel sector. However, people interested should look at the China Steel Australia website for more details. The acquisiton of the TOPSO trademark does not seem of value with little mention of it after the acquisition.

Overall: Time has become very tight for me so I cannot really spend much time on studying fundamental of companies, including those I hold. I am seriously considering buying the STI ETF and forget about the stock market for a while till I am more free. I need more capital to make any attempt beating the benchmark more worthwhile.

Related Posts by Categories

2 comments:

Dorothy said...

Dear Admin

I greatly enjoyed looking through your blog and found some informative posts on finance. I have also some finance related web sites having more information regarding various financial problems and its solutions.
So, I think it would be beneficial for both of us if we will join in a community and become link partners to each other which will help your blog/site in getting more Google values. If you are interested then please contact me at my email-id: dorothy786@gmail.com

We can also write articles for each others on any financial topic.

Waiting for your earliest response.

Thanks and regards
Dorothy Parker

KISAH SUKSES IBU HERAWATI said...

I want to share the story to you that I am HERAWATI MOTHER a TKW from malaysia and accidentally I open internet and I see DARNA MOTHER comment from singapur about AKI SYHE MAULANA who has helped him become successful and finally I also tried to contact him and alhamdulillah he Want to help me to give the number Togel toto 4D dr ritual results / unseen and alhamdulillah it really proved translucent and won RM.230.000 Ringgit, now I am back indon buying house and train although sy Just a housemaid at selangor malaysia, sy very thankful To AKI SYHE MAULANA and do not forget to give thanks to ALLAH because through AKI MAULANA I also can be as successful as this.So kawan2 who in distress jg ever break down, when it's time god must be the road of origin you want to try, this is the true story of a migrant worker, AKI MAULANA is a famous spiritual teacher in Indonesia. If you want to like me visit the website CLICK HERE RITUAL GHAIB TEMBUS LOTTREY