My fund has been stucked for two yrs I want something back, imagine I have been buying every low level 1.66, 1.4, 1.35, 1.28, n 1.18...... My average 1.36....I want something In return
Remember this counter was highlighted and recommended by Coldeye in Jan 2017. After holding for more than six months I released them when they showed no sign of potential although so many recomendations in the 3i invest Top Price Target listing. If it moves lower, may consider to collect some
Wow...salute... You must have guts and faith on tunepro to keep on averaging down. Personally I don't think tunepro will recover much at current FY. Hopefully they will perform better in FY2018. I'm waiting for a chance to in tunepro because I'm preparing my portfolio for next year...
nickengk-ignore short price volatility because I feel Tune protect is a good stock to invest due to their quest to become the leading digital insurer. And also with the tie up with Air Asia, profit margins should increased. The dividend payouts for the last 3 years had been on the uptrend and they didnt have borrowings. With dividends act as a support, share price could not be under more downward pressure.
wonder if TIH ever consider shares buy back since they are sitting on so much cash, if they think that the stock is undervalued and under appreciated. IF they buy back shares, then i will follow to buy SOME.
You are right. Tune is among i3 Top Price Target listing with 50% upside.
Edwardong53 Remember this counter was highlighted and recommended by Coldeye in Jan 2017. After holding for more than six months I released them when they showed no sign of potential although so many recomendations in the 3i invest Top Price Target listing. If it moves lower, may consider to collect some 26/07/2017 21:19
wait for tony to sell tune to great eastern, etc... Foreign insurance companies need to comply with BNM's 30% local shareholding... the existing shareholders of tune get the combined entity share.. just hopeful :)
This is what we called catching a falling knife and refuse to cut loss
"My fund has been stucked for two yrs I want something back, imagine I have been buying every low level 1.66, 1.4, 1.35, 1.28, n 1.18...... My average 1.36....I want something In return"
Nop, I only look at valuation...numbers. Whatever story/fairytale I don't buy it. If it can't perform, its time to sell, unless its only stock in the market. We are spoil of options. I cut loss on Tunepro and bought other stocks, now already gain back the losses + additional profit.
different people with different view, there is no right or wrong, just personal opinions. I will do the same like shpg22. I will choose to cut loss and channel the money to other stock with better opportunity. Recently I just cut loss from BAuto @1.96 (bought @2.04) when I saw AirAsia oversold and bought it @3.05. Boom, gained back what I lost and earned some extra money in just 1 week time (still on paper though). I may sell AirAsia at higher price and re-enter BAuto if it falls to RM 1.80 and below. I can also choose to wait until next QR announced (I foresee bad result by looking at Mazda cars sold in May and June) catch the falling knife and wait 2H to bounce back (2H Philippine IPO and Mazda 5 launched and Asean export hub). I chose the 1st method just because I think it was align with my investment goal (capital fluidity with minimum lost). Although I may get the same result by end of 2017 if I choose 2nd method (I need to commit more capital in BAuto and my capital fluidity reduced). No right or wrong, just personal choice. Peace
Mr Teh, yes, there is a possibility the stock I switched to buy drops also. Since BAuto share price is dropping and will drops more after next QR announcement in Sept, I chose a stock that is less likely to lose more, in this case was AirAsia and I knew the share price drop was due to McQ suppressed the price because its warrant expiry by end of this month (happened again on 25th and yesterday). Further more, I have been keeping eye on a few stocks with extensive homework, so is it easier for me to spot the opportunities with confidence if it arises.
Sometimes i also use this method switch to another stock with higher chance price up. But have to very confident on that stock, if not will stuck into another stock and cut lost again. What i call this is "double lost".
Agreed. unless i know why the share price dropped and whether it is temporary (recoverable), or long term, else I won't switch, i would rather continue to suffer the lost in the stock that I fully understood and confident with.
To be frank, I kind of agreed with shpg22 regarding the result of next QR, it would be maintained at around 13-17 mil NP, which is still good but may not be as good vs YoY (26 mil, highest NP since IPO launched), Tune Pro share price may dropped further. I feel maybe that is the best time to enter. I hope I am wrong...
the other factor could affect TunePro is that Bank Negara imposes 30% minimum local ownership in insurance firms. Great Eastern, Prudential, etc are looking at the possibility to launch IPO in order to comply. I am definitely has a higher interest to invest in GE rather than TunePro...
We all did intensive research before we made decision however shit happen... You can't be perfectly right one mistake made you will need to cut loss or average down,....
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....
nickengk
459 posts
Posted by nickengk > 2017-07-26 17:10 | Report Abuse
so what's your verdict for TIH - gankc2011?