PE is historical and it's not the sole criteria in determining a share price what's important if it had got new income generating ideas projects in the near future !
…can’t resist to get a tiny position at rm1.25 while also, queuing up at rm1.18 for a bit more to “goreng”. When all transactions are done, consists of just 0.005% of my total portfolio. So, have an additional 50% dry powder to spare.
My plan for RAPID stock involvement is very plain and simple. At rm0.88, will take up 0.01% of my total portfolio. At rm0.66 -> 0.025% At rm0.33 -> 0.045% At rm0.18 -> 0.065% At rm0.08 -> 0.08% (max)
My plan for RAPID stock involvement is very plain and simple. At rm0.88, will take up 0.01% of my total portfolio. At rm0.66 -> 0.025% At rm0.33 -> 0.045% At rm0.18 -> 0.065% At rm0.08 -> 0.08% (max)
Having said that, one should not gamble too often. Once a year is not unreasonable. I've hit my gambling quota for 2024, so, no more gambling for me. Haha.
As for the averaging down plan, not a good idea. Not because the sums are small, but the mindset that it creates. Two problems with averaging down in a losing stock:
1. You monitor and risk getting emotionally invested. That can steer your mind to strange places. 2. My objective in gambling early in the year, is to remind me to stay away from gambling with the proof that it has provided me. Returning back to market a small amount to remind you of sound investing principles is worth the reminder.
Anyway, portfolio still made new all time highs since RAPID, so, it has no impact to my portfolio results, as it is one time and is tiny. A great reminder that gambling doesn't help ...
Anyway, i have a strategy which is to assume the market is closed for next 1-5 years. Let's see 1-5 years later. Until then, every day price quote is just noise, and something we are not really interested in doing anything else.
Relax. For those who think it will go down below RM1 and have stocks why not sell now at 1.25 and buy back at RM1. For those who think it will surge back to at least RM 4 in a matter of weeks you can buy some now and wait for your price. For your information the selling by the director is done by Maybank securities for shares pledged to them. Imagine if there's no more forced selling !
Perhaps, I should share how I came up with the lower price points in my plan which I think is highly unlikely to happen. As known, its EPS is 1.63 sen, I just compute the stock price with PE 5, 10, 20 & 40 and adjusted it to my very plain and simple liking or can take those numbers outright. At rm0.66 -> 1.63 * 40 = 65.2 sen At rm0.33 -> 1.63 * 20 = 32.6 sen At rm0.18 -> 1.63 * 10 = 16.3 sen At rm0.08 -> 1.63 * 5 = 8.15 sen
Subject matter. Proposed disposal of all that parcel of the freehold land held under Individual Title Hakmilik Sementara Daftar 123441 PT 50158, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur bearing postal address of Lot No. 48650, Jalan 29/70A, Sri Hartamas, 50480 Kuala Lumpur for total consideration of Ringgit Malaysia Thirty-Nine Million (RM39,000,000) only
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
nicholas99
9,863 posts
Posted by nicholas99 > 2024-01-30 14:38 | Report Abuse
big boss sold mont kiara property got 200+ mil coming. lai lai lai.