STockoperator,ya. need to do some homeworks. this company suitable for my investment ability at the moment. will b switching if got another good 1 to invest which match my condition.
jt yeo, for your 1st question.actually i feel boring n sometimes do speculate for fun. 2. not just 1 counter only. it is about 50% in this counter.3. retired, ntg to do. at least got something to do.managing a listed company, just dream. haha
oh alright, 50% on marco is heavy, i didnt study the co only know they sell watches so be careful. It really depends on your life goal, many ppl would prefer to be active in investment, but you can also always choose to be passive and invest in index fund, in the long term (30-50 years) index funds at least guarantee you 8-13% p.a. return depending on which fund, and not many investors can get that during that period
SOP i used to own Lionfib, it is a net-net category, but then i realized most assets are made up of receivables, which is more tricky compare to cash, so i only hold it for few months. You might want to consider Lion Industries? Got stakes in Lionfib and Parkson which combined is at least 1x larger than market cap of Lion Ind itself. However it can be a value trap tho, since steel industry is still in a slum.
yea the key concern is the money owed by Lionfib's sister companies, one that owe the most is mega steel, which is in deep crap with many debts. And the receivables is not showing sign of reducing but keep on ballooning. The reason I prefer Lion Ind, altho I only bought a very small position to my portfolio size, is that Parkson is consider a somewhat stable business compare to steel, and based on an average earnings for past 6 years of Parkson at PE 10-12 (lower than current PE), conservatively Parkson's market cap will still worth 472-668mil (Lionind market cap is 494mil), and not including the 30% of Lionfib.
The steel industry will recover but just a problem of when, because now the steel supply is not reducing even though there's no more profit to be earn, is that a lot steel manufacturers in China borrowed a lot of money back in 2009-2010 to kick start the China economy following GFC. So now they are forced to keep the factory moving in order to pay back the debts and interest to the banks, even at a loss.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Tom
2,984 posts
Posted by Tom > 2014-07-17 00:12 | Report Abuse
.....我和你的想法有些不同