There is a lot of movement in my portfolio this month. Firstly, i have adjusted the buying price accordingly after receiving the dividend from BJTOTO and MAYBULK. I have added 2000 units of LONBISC for a price of 1.68 and 1.64 respectively. Thus, making my total holding of LONBISC to 4000 units for an average price of 1.68, the reason for increasing the number is simple - "long term & good dividend payout". If you follow my previous posts closely, you will know that i'm one that favour on dividend stocks, that is my style. I always believe that dividend stocks are defensive stocks, irrespective whether the market goes up or down, i have a peace of mind holding on to my stocks unless some drastic or unexpected thing that tarnish the company image happened like terribly bad financial result, company being wind down due to poor governance, a catastrophic that causes the company's core business no longer a niche market and etc...
Secondly, i also bought in 2000 units of RESORT for an average price of 3.40 and 5000 units of YILAI at 1.23. These are my biggest buying spree so far for this month. Below is my latest portfolio, till then, "Happy trading".
11 comments:
hi horse,
I see that your purchase price for BJTOTO bought on say 19 dec 2003 stood at RM2.28 and your PBBANK shares bought on 8Jun2002 stood at RM2.04.
Just for clarification. Are those prices the actual figure you paid for at the point of entry or are they the nett price you have after considering the annual dividends, bonuses, right issues etc?
I am new comer and was an "armchair" investor floating around seeing how the market's doing.
elmo
hi elmo1988,
Those prices that publised are the nett prices after receiving dividends, cap. repayments & bonuses...
You are new in the market ?? The way you question me doesn't look like one. You seem like someone experience & have gone through the "cycle" of market since way back in year 1993.....
Mind to share what you have...?
hi,
As I said, I look-see. look-see for quite sometimes now. I do not earn much. so not much cash to invest. I have a few friends who are loaded when the market runs riot with bulls. They talk. I listen. As for now I just "look around" and may be when I have saved up enough I will go into the market in a small way. My dad used to say, markets are for the rich. I am not so sure. Big guys play in VIP rooms. We small kids play "one-arm-bandits". haha
I am keeping an eye on PBBANK and BJTOTO. Like you I don't trust this Vincent. "Cunning bugger" my friends used to say.
Yea for your London Bisciut. New to me. Seems like giving a good return for the money. Small cap somemore. At today's price return Div Yield (8.8%)even better than PBBANK's ??6.3% ?? But I see that the price has since dropped after the China's flu in Feb this year from the previously 1.80+ -> 1.90RM and has never seems to recover from the dip. I cannot understand why. But apparently I searched and found they have proposed to issue ESOS shares amounting to some 15% of the existing paidup share capitals. That might be the reason why the price has never pickup up after the Chinese flu / tsunami. And with that extra 15% shares in the market few questions arises:-
one. Will they be able to consistantly return 15sen per share to the shareholders? now that we have extra 15% share floating around?
two. if they are making tons of money and able to return 15sens per share to the shareholders for 2 consistant years, why do they need to raise some more money thru share options? unless it's for the directors or major shareholders to buy in more shares cheap? and to dilute the minorities portion in the market? Otherwise why? If the figures are rosy they might as well buy back more shares to jackup the market value of their shares?
???questions? questions? questions?
I see it differently :-
one) ESOS shares is a normal thing for a company & it will take an employee to span across 5 years to fully exercise the option. With the increase of 15% will only add up the total share issued to about 83 million shares which is relatively low as well. With this increase, it will not have an immediate effect to the earning but one thing for sure it will reduce the EPS but gradually for 5 years which i think the impact is minimal & worth waiting if earning sustain.
two) The only thing that i can see here is to increase the Market Cap. here, if they did it for other means then is out of our control. we only hope that they continue it consistant dividend payout. Very similar to APOLLO counter if you notice. Anywhere, being longterm not just being ignorance totally. Once in a while one would need to reasses & reconsidering its portfolio.
As for now, this method works for me. will continue exploring & keeping close with my stocks until there isn't much to gain (hopefully is not)...
hi horse,
Good. I also noted that Apollo also have good dividends. I don't know much about this counter. Will keep and eye on it.
Honest, I am a bit skeptical about local companies. Many make monkeys out of thier minority shareholders. They make monies but gives out peanuts / small dividends and in the end the cash piles were badly "mismanaged" into the advantage of a few big guns. I have a feeling that foreign companies literally gives out dividends to all shareholders and they need to do that to repatriate their earnings. Look at BAT, Nestle, DutchLady, shell etc.
Have you any info on Panasonic? Panamy? They have usually high dividends. And I have no resource on this company. Do you have any reading materials on this Company?..consumer stock... to share?
elmo
hi elmo1988,
Are you someone that i know?
I have been very tempting to buy Panamy at 9.5 but during that time when i evaluate it PE is about 17.4 which i think is very expensive. Looking at the current price now at 10.70 which is even more costly but again when you look at it on a difference angle, panamy have been trading at a range between 8.5 to 12 for past 3 years & with the consistent dividend payout of about $1+ & giving a dividend yield of about 12% which i think is worth buying at that price. Say for example if $1 has been declared coming this June which i'm sure they will, at cost i am only paying 8.5 after minus off the dividend, if nothing is change in earning it PE should be around 14. Judging the trading price base on history, i'm getting it almost at the support price (8.5). Am now a bit regret not getting it at that price. one thing for sure market is always there for us, can't get it now doen't mean i can't get it later, i guess i just need to wait for the next round... :-(
elmo1988,
you have been very closely monitoring the market judging your comments. i'm sure you must be a guru in KLSE... are you? any counters are you eyeing? mind to share for the benefit of myself & others...
horse,
you must be joking when you mention about me being a guru. haha. must be a very timid pauper guru.
Tell me, I have no info, about this Panamy co. Serious! Can you tell me where I can get the financial info about this company in the net? I mean the usual thing. market price, earning per share, net tangible assets, dividend per share, financial year end, etc over the past say 5 years. I need this as one of my friends is interested in picking up this stock for investment... long term perhaps. Me think Panasonic (Ex-National) is a well established co and has and will sure be able to weather and financial washdown anytime in future. So long term might be possible.
Now that the market is near its peak, I think it's not good for investment. I will sideline the wholething in my investment portfolios. But if I have to play now that the tide is in and the level of index is skyhigh, I will just to satisfy my itching fingers go do a bit of tradings.. or what I call, firefightings!! One of my coffeeshop armchair investor kaki s make a tidy pile recently in one stock..yes, one only...Tebrau. Went in in the morning and get out before the day ends. He win some, he loss some. By the end of the day, he is about 100K richer! I can't. no guts.
As for me, if I have to buy, I will wait until the tide is out... you can then see the shrimps and the starfishes along the whole shore. take your pick, it's everywhere. it's cheap. And for now, my policy or aim number one as you have quoted Warran Buffett "Rule No 1:Do Not Lose Money. And Rule No. 2: Remember Rule No. 1!" I have seen a few of our club members..Stock Market chitchat groups who have lost their shirts and has since "retired" from the market as well as our market talks after the last financial crisis. Bottom line: No more money to continue the game! So for now I think the game is for the big guys. Let the big sumos fight against each other. WE will come back another day when they are all worn out. It's just my "small-man-syndrome". Don't laugh. There are many roads to Rome. This is just one of them.
What say you?
elmo1988,
haha, very well said, elmo1988..
Didn't know that your friend is such a big timer in KLSE..making 100K in just a short timeframe. I'm not favour in speculation anymore after gone through the lesson where i used to punt stock in & out. I used to make 100K during bullness and lost 200K when it plunge...just like some of your friend "retired" from market since then. I picked up TA and learn to analise stocks before getting in back actively couple of years back but am now totally different strategy all together. Only deal with dividend stocks...though it might be slow but is a definite gain in the long run.
You are right, as i said earlier market is always there for us. We might be able to pick durians after the tide is overed. Just getting your bullets ready and wait for the right time. One of my friend has been trading since year 1980 used to share with me, we don't need to go in & out market frequently, what we need is the right time for a particular counter, just wait and kill it with real big.
As for the info. for Panamy you can refer to link
There are many roads to Rome but lets pick the easiest one....hehe
horse. you have an email? i'll send you something i think you would like to read.
mine is at
elmo1988@gmail.com
elmo1988,
have given my email address, pls check your mail.
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