| Recap of my posts &ndash 2016/2017 |
| |
| Year 2016 |
| In 2016 I posted on Ezion, Sinostar Pec and Mermaid Maritime. At date of post, |
| Ezion was 27 cts, Sinostar was 12.5 cts and Mermaid was 11.8cts. On friday (17 Mar) |
| Ezion closed at 34.5, Sinostar at 20.5 and Mermaid at 23.5 cts. This gives a return |
| Of 33.5% 65% and 99% respectively. |
| |
| Since my posts I had recently parred down on Ezion and Sinostar and exitted |
| Mermaid as these stocks had reached or exceeded my targets. Despite the parring |
| down I am still substantially vested in Ezion and Sinostar. Will be looking at their |
| next financial reports before taking further decision. If story line hold for Mermaid |
| will buy back on dips. |
| |
| Year 2017 |
| In 2017, I posted on Chasen and Excelpoint. At date of post Chasen was 3,6 cts |
| and Excelpoint was 42 cts. Friday' s closed for Chasen was 4.8 cts and Excelpoint |
| was 56 cts. This gives a return of 33% for both counters. |
| |
| I am still holding to Chasen and waiting for its 4th quarter/full year report in May. If |
| story line hold, i will continue to hold for the next few quarters. However should the |
| story line change to negative I will reconsider my decision. |
| |
| Excelpoint has been an interesting stock in my holding. I was actually in the stock as |
| early as 2012. Before its share consolidation it was traded between 6 to 9 cts. Was |
| giving a consistent dividend of 0.8 cts and a yield of close to 10%. Over |
| the years i have collected a total dividend of 20 cts. My entry point was around 6.5 cts |
| after consolidation it should be 32.5 cts. If you take my original capital cost minus |
| dividend received, my current cost is only 32.5 &ndash 20 = 12.5 cts. |
| |
| I have held the stock for 5+ years and am intending to continue holding it. Its actually |
| a neglected stock hardly notice by anybody. Thinly traded and often with a wide gap |
| between buyers and sellers. Institutions and funds managers normally avoid this type |
| as it has an extremely low net profit margin of around 1%. |
| The main reasons i was attracted to it were : 1) consistent high dividend and therefore |
| high dividend yield, 2) company had been consistently profitable, 3) improving top and |
| and bottom line 4) revenue has jumped very dramatically from US$489 mil in 2011 to |
| US$988 in 2016. 5) was trading below nta. On current price of 56 cts, it is still giving |
| a divdend yield of 7%. Its one of the stocks i keep for dividends. |
| |
| Another stock mentioned in my post on Chasen was Serial System. There was no |
| write up .. just a mention. At time of mention it was trading around 14 cts. On friday |
| the stock closed at 16.7 cts .. up almost 20%. |
| |
| end for now ... will share at a later date on why n how i do my pick. Hopefully it |
| will help serious investors in this forum |
| |
| To be continued ... |
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