Dear Friends, (NOTE: PLEASE VIEW THIS IN A NORMAL SIZED COMPUTER SCREEN FOR BEST CLARITY)
Many serious Investors, including Fund Managers & Stock Brokers will never take a look at stocks which trade below 3 sen
Their line of thought is this. If a share can fall to 3 sen or below it must be a junk on the way to bankruptcy. So it is only for die hard punters and should be avoided by genuine investors.
But once in a long long while there will be exceptions. A real gem could be hidden in useless trinklets
See
These lucky treasure hunters stumbled upon literal diamonds in the rough—including an emerald-and-ruby brooch and a lost Fabergé egg—in the most unlikely of places.
Many an eagle-eyed treasure hunter have prowled the piles of flea market junk, combing for trinkets with more to them than meets the eye. How often is there a diamond in the rough amongst all those rhinestones?
More often than one might think, according to leading experts who spoke to The Daily Beast. However, it takes a certain amount of hands-on experience and a trained eye to find quality worthy of Antiques Roadshow at your next garage sale.
Our first story of a fortuitous find comes from Bonham’s auction house in 2017. A woman in Ohio paid $8 for a brooch at a garage sale, and then gave it to her daughter to wear to church. Her daughter promptly stashed it in the bottom of her handbag, where it sat untouched for months. Upon a chance visit to her jeweler, the daughter produced the brooch, and her jeweler had the pleasure of informing her that the diamonds set in the piece were genuine.
Further investigation from the Gemological Institute of America revealed that the three main stones set in the piece were each of superior quality: A old mine-cut 1.39 carat, D-color, VS1 clarity diamond at the top; a 1.5 carat rectangular Colombian emerald in the center; and an oval, 0.6 carat Burmese ruby at the bottom. Of course, when the circa 1900 brooch came up for auction at Bonham’s the estimate was a bit north of $8, set at $20,000-$30,000. It ultimately sold for $26,000.
SO THIS BROOCH BOUGHT FOR S$8.00 IN A GARAGE SALE IS WORTH S$26,000
The second story comes from Sotheby’s auction house in London. In the Fine Jewels sale this past summer, a diamond came up for auction that had been purchased for £10 at a boot sale in the 1980s. The owner had purchased the ring for fun, thinking the large and roughly cut diamond was just a costume piece made of crystal or glass. She wore it for pleasure for years, until recently, when she took it into Sotheby’s to see if it had any value.
The stone had a carat weight of 26.29 carats, (about the size of a peppermint) and was deemed an I color stone with VVS2 clarity grade from the Gemological Institute of America. VVS2 stands for very, very slightly included. An inclusion is a miniscule defect in the diamond that can only be seen with a microscope at this level. Of course, the best clarity grade is Flawless, and then Internally Flawless, and then VVS1 and VVS2. The GIA’s clarity grades are very important, and for a stone this large to have a VVS2 grade is amazing.
Sotheby’s Junior Cataloguer, Samuel Hug, spoke to The Daily Beast about the diamond from the boot sale. When asked about the potential history of the stone, Hug said that “the setting of the stone had screws at the back, meaning it could be removed from the surrounding ring mount. It was normal at the time for jewels to be versatile, and central motifs or principal stones transferable between different settings. It’s possible that this stone was also worn as a brooch, or perhaps even as the centrepiece of a spectacular tiara or rivière necklace. Who knows what amazing pieces it appeared in!
A DIAMOND RING purchased for £10 at a boot sale SOLD BY SOTHEBY FOR £656,750
AMAZING FIND INDEED!!
Question now is. Is there hidden Gem of Value Among KLSE Stocks so Overlooked
YES. Calvin thinks there are
Take Huaan for Example
Huaan fell to a low of only 3 sen when INSIDERS Bought
See
Stock | [HUAAN]: SINO HUA-AN INTERNATIONAL BHD |
Announcement Date | 24-May-2016 |
Name | MR CEDRIC CHOO SIA TEIK |
Currency | Malaysian Ringgit (MYR) |
Date of Change | Type | Number of Shares | Price | |
---|---|---|---|---|
23-May-2016 | Acquired | 1,300,000 | 0.030 |
Nature of Interest | Direct |
Shares | Ordinary Shares of RM0.50 each |
Reason | Acquisition of shares through open market |
Consideration |
Direct (units) | 1,300,000 |
Direct (%) | 0.12 |
Indirect (units) | 0 |
Indirect (%) | 0.00 |
Total (units) | 1,300,000 |
Total (%) | 0.12 |
Date of Notice | 24-May-2016 |
On May 26th 2016 Director of Huaan bought 1.3 Million Huaan shares from Open Market at 3 sen
People thought Huaan was going bankrupt soon
NO. THE ACTUAL FACT IS HUAAN RENTAL LEASE WAS UP. AS A RESULT BUSINESS HAS STOPPED FOR ALMOST ONE YEAR (SO ALL QTR RESULTS WERE NEGATIVE. Not until Huaan restarted operation and sales of Coke for Steel making resumed
As a result profit returned. At that Huaan share prices surged up as high as 60 sen for a 2,000% gain
See chart