Market Gems
Stocks Commentary
Update on Cash Rich Portfolio
Update on the top 7 cash rich firms that meet both my requirements and Graham's NCAV.
China HongX bought @ 0.09 as of 7/5/09 is 0.18 total % gains = 111.76%
Sino FibreTech bought @ 0.07 as of today is 0.13 total % gains = 97%
Synear Food bought @ 0.16 as today is 0.255 total % gains = 59.38%
Sinopipe bought @ 0.07 as of today is 0.10 total % gains = 42.86%
China Sky Chem bought @ 0.16 as of today is 0.175 total % gains = 9.37%
China Flexi bought @ 0.13 as of today is 0.14 total % gains = 12%
China Paper bought @ 0.13 as of today is 23.08%
Total average gains soo far = 51.21%
I noticed something, it seems that firms whose shares are traded below their net cash, if they have a larger share holder base etc China Hx with 2.751billion shares they tend to raise faster then those with ..say China Paper with only 475million shares?
This is the trend i observe la.. I also note that because these firms present more risk to investors, therefore more returns are expected and received. Portfolio information is available at http://www.box.net/shared/fp65zs6krg
I'm i happy with my gains so far? Yes of course, who wouldn't? 51% gains within a mth. However as a value investor, i ought to know that these gains might be temporary. I have to be well grounded , stay alert on when to sell, when to buy more, constantly check if there is a change of fundamentals especially their net cash. and have a bit more guts to buy when others are fleeing. :]
Note:China Milk was also bought @0.20, today share price 0.495, which shouldn't be included in this cash rich portfolio. But is included in mine, so an investor should stick to the top 7 picks if he or she wants a purely cash rich portfolio.
China HongX bought @ 0.09 as of 7/5/09 is 0.18 total % gains = 111.76%
Sino FibreTech bought @ 0.07 as of today is 0.13 total % gains = 97%
Synear Food bought @ 0.16 as today is 0.255 total % gains = 59.38%
Sinopipe bought @ 0.07 as of today is 0.10 total % gains = 42.86%
China Sky Chem bought @ 0.16 as of today is 0.175 total % gains = 9.37%
China Flexi bought @ 0.13 as of today is 0.14 total % gains = 12%
China Paper bought @ 0.13 as of today is 23.08%
Total average gains soo far = 51.21%
I noticed something, it seems that firms whose shares are traded below their net cash, if they have a larger share holder base etc China Hx with 2.751billion shares they tend to raise faster then those with ..say China Paper with only 475million shares?
This is the trend i observe la.. I also note that because these firms present more risk to investors, therefore more returns are expected and received. Portfolio information is available at http://www.box.net/shared/fp65zs6krg
I'm i happy with my gains so far? Yes of course, who wouldn't? 51% gains within a mth. However as a value investor, i ought to know that these gains might be temporary. I have to be well grounded , stay alert on when to sell, when to buy more, constantly check if there is a change of fundamentals especially their net cash. and have a bit more guts to buy when others are fleeing. :]
Note:China Milk was also bought @0.20, today share price 0.495, which shouldn't be included in this cash rich portfolio. But is included in mine, so an investor should stick to the top 7 picks if he or she wants a purely cash rich portfolio.
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