SinoGrandness - Some WarChest Spending
So I decided to get some trading done.
I've been thinking more about investments in the recent weeks. However, I saw something that I thought might be worth checking out.
I'm looking to achieve a 10-15% return on my capital, and if it happens, then I'll have something extra for the wallet and the ol' portfolio.
I thought I'd get into SinoGrandness, a company most well-known for loquat juice. I've had some decent returns trading this stock in the past, and now, I've decided to bite the bullet and put a few thousand into the pot again. I expect the stock price to cross 60 cents in the short-term. I believe this to be the case due to:
1) The Garden Fresh IPO is getting closer,
2) Their FY15 results showcase decent fundamentals, and
3) A deal was struck on their convertible bonds issue
Thanks for reading, guys.
Until next time.
Creed
I've been thinking more about investments in the recent weeks. However, I saw something that I thought might be worth checking out.
I'm looking to achieve a 10-15% return on my capital, and if it happens, then I'll have something extra for the wallet and the ol' portfolio.
I thought I'd get into SinoGrandness, a company most well-known for loquat juice. I've had some decent returns trading this stock in the past, and now, I've decided to bite the bullet and put a few thousand into the pot again. I expect the stock price to cross 60 cents in the short-term. I believe this to be the case due to:
1) The Garden Fresh IPO is getting closer,
2) Their FY15 results showcase decent fundamentals, and
3) A deal was struck on their convertible bonds issue
The company has products on shelves in several countries.
The stock price has seen a strong recovery from January of this year, last closing at 0.555 today. I picked up a few lots at 0.55, and I'll just be riding the wave from here on out.
-%-%-
In other news: The other components of my portfolio are still holding up pretty well. ST Engineering has gone up a little faster than I gave it credit for, but I'm not complaining. When the time is right, I might cash out for the capital gain in order to reinvest in other, cheaper shares.
Current Holdings:
Name
|
Shares
|
Price
|
|
1.
|
SPH
|
2,000
|
3.58
|
2.
|
Singtel
|
1,000
|
3.49
|
3.
|
ST Engineering
|
1,000
|
3.03
|
4.
|
Sino Grandness
|
7,200
|
0.55
|
Thanks for reading, guys.
Until next time.
Creed
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