I opened up my computer this morning, expecting some red numbers in my share investment. But I can not help to feel 'sinking and cold' when I actually saw the numbers. It was not only red, it was a huge fall! I checked what was happening to the share market on the news, and apparently market aslo crashed in America and China. I didn't really read the world news (and I ussually did too!) yesterday, as I was a bit busy looking at TGR and it's half yearly report.
Anyway, this morning the share price was just sooooo low, that I wish I have more fund to buy more! Industrea, IBA Health, Tassal Group are profitable company, and I still have a faith on them (not sure about Deep Yellow Ltd (DYL) though....). How come such profitable and good companies could be that cheap?? Well, no more monies, so I just have to sit and wait what is going to happen in the future... (sob!!)
All share in my portfolio were on alarming red. Deep Yellow was the worst, touched the bottom today at 0.335 (around 20% loss), and then IBA and IDL (at around 10% loss) and lastly TGR, who went down to 2.28 before it bounced back up to 2.38 (0.03 up).
IBA and IDL both have China connection. I hope things will not get worse...
Tassal Group Limited (TGR.ASX)
This morning I have decided to buy Tassal. A quick decision, as it was just yesterday I watched its share movement for the first time. I bought small amount of share at $2.29 per share (this will put me in my max investment monies). Just hope I made a good decision, otherwise my husband will go really mad at me :)
What make me attracted to Tassal?
1. I love fish, salmon is yumm!
2. Fundamentally, Tassal is quite solid.
3. Numbers wise, this is what they have got: (based on Aspect Financial)
4. Trend is upward
Tassal reported its half yearly report today. here's the summary of it:
Tassal Group Limited announces a strong net profit after tax of $13.03 million for the half year ended 31 December 2006 (up 117%).
The directors of Tassal have declared an interim unfranked dividend of 2.50 cents per share (payable on 30 April 2007).
Tassal’s short term focus remains on becoming more globally cost competitive in both its marine and processing environments, together with building sales in both domestic and regional Asian Markets.
Share price increased to $2.45 before it retraced back to $ 2.38 when I wrote this blog.
What make me attracted to Tassal?
1. I love fish, salmon is yumm!
2. Fundamentally, Tassal is quite solid.
3. Numbers wise, this is what they have got: (based on Aspect Financial)
Tassal Group Limited:
P/E Ratio : 18.37
Risk Rank : 3
Return on Equity: 13.00%
EPS 1 yr. Growth: 34.50%
Market cap (million): 268
value: 1 (highest)
P/E Ratio : 18.37
Risk Rank : 3
Return on Equity: 13.00%
EPS 1 yr. Growth: 34.50%
Market cap (million): 268
value: 1 (highest)
4. Trend is upward
Tassal reported its half yearly report today. here's the summary of it:
Tassal Group Limited announces a strong net profit after tax of $13.03 million for the half year ended 31 December 2006 (up 117%).
The directors of Tassal have declared an interim unfranked dividend of 2.50 cents per share (payable on 30 April 2007).
Tassal’s short term focus remains on becoming more globally cost competitive in both its marine and processing environments, together with building sales in both domestic and regional Asian Markets.
Share price increased to $2.45 before it retraced back to $ 2.38 when I wrote this blog.
SMY : Sally Malay Mining Limited
IN my quest of finding a good share to buy :), I come accross this share: Sally Malay Mining Limited (SMY). First, it reminded me of a cartoon show for kids on the TV, "Sally Mally and her pet Chuckdoor", but then at a closer look, this share certainly has a lot more to offer than its' name.
Fundamentally, according Aspect Financial, this is what it has got:
SMY
Sally Malay Mining Limited
P/E Ratio : 13.9
Risk Rank : 3
Return on Equity: 42.90%
EPS 1 yr. Growth: 66.00%
Market cap (million): 629
value: 1 (highest value) - it is valued at $10.97; current price $ 4.09
How about the trend and the movement of share price?
This share saw a 52 weeks low at $ 0.82 and trend is up and reached a peak at $4.09.
Short term trend is still bulish, according to Yahoo Finance. The fact that I saw this share at around $2 something just two weeks ago, make me want to kick myself. I thought it was already quite expensive, but then I saw it gaining just almost everyday in my watchlist!
Fundamentally, according Aspect Financial, this is what it has got:
SMY
Sally Malay Mining Limited
P/E Ratio : 13.9
Risk Rank : 3
Return on Equity: 42.90%
EPS 1 yr. Growth: 66.00%
Market cap (million): 629
value: 1 (highest value) - it is valued at $10.97; current price $ 4.09
How about the trend and the movement of share price?
This share saw a 52 weeks low at $ 0.82 and trend is up and reached a peak at $4.09.
Short term trend is still bulish, according to Yahoo Finance. The fact that I saw this share at around $2 something just two weeks ago, make me want to kick myself. I thought it was already quite expensive, but then I saw it gaining just almost everyday in my watchlist!
IBA Health Half Yearly Report
IBA Health Limited (ASX: IBA), Australia's largest eHealth company, today announced a profit after tax of $11.8 million for the half year to 31 December 2006, up 123 per cent from the 2005 equivalent half year. Revenue increased by 68 per cent to $36.3 million.
Directors have declared an unfranked interim dividend of 1 cent per share payable on 21 March 2007 to shareholders on the register at 7 March. This compares with an interim dividend of 0.5 cents per share unfranked in FY2006.The dividend reinvestment plan will apply, with shares issued at a discount of 5 per cent.
IBA is increasing its guidance for the year to 30 June 2007 of profit before tax and amortisation to $30.7 million (FY2006:$18.1million).Revenue is expected to be $75 million (FY2006: $59 million), and EBITDA is expected to be $32 million (FY2006: $18.95 million).
Directors have declared an unfranked interim dividend of 1 cent per share payable on 21 March 2007 to shareholders on the register at 7 March. This compares with an interim dividend of 0.5 cents per share unfranked in FY2006.The dividend reinvestment plan will apply, with shares issued at a discount of 5 per cent.
IBA is increasing its guidance for the year to 30 June 2007 of profit before tax and amortisation to $30.7 million (FY2006:$18.1million).Revenue is expected to be $75 million (FY2006: $59 million), and EBITDA is expected to be $32 million (FY2006: $18.95 million).
IDL Half Yearly Result
On 23 February 2007, IDL announced its half yearly result for the period ended on December 2006. On its report, IDL stated that acquisition strategy drives its growth and profit upgrade.
Summary of the six months is:
Summary of the six months is:
- Industrea records first half NPBT of $7.4 M
- Group operating Revenues up by 958% to $27.5 M
- Upgrades full year NPBT by 21% to $14.9 M
- Annualised EPS increases to 2.6 cents per share
- WADAM and PJ Berriman Acquisitions completed
- Major sales in China (Shenhua Group) and Australia (BHP/BMA)
- Group Revenue and Profit to accelerate in the second half
I am hoping to see increases in IDL's share price in the days to come and waiting for IBA's Half yearly result that due today.
This morning, share price saw IBA on $1.54 and IDL on $0.39
Have a good day investing.
IBA's half year report
IBA's half year report is due on 26 February 2007. With all iSoft talks and placement issues, it will be very interesting to see what is the impact on the share price. The last time IBA made a placement, it caused a huge discount on the price. As a holder, I hope it will be on the green side this time.
Industrea Ltd (IDL)
Apparently, one broker issued sell order for IDL at $0.39 yesterday. The suggestion was to sell half of the holding, to lock on the profit (which I should have done it myself!). So a lot of investors were at selling spree, pulling the share price down to $0.36 at a certain time of the day. I grab some more IDL share at this price, and by the end of the day it bounced back up, closing at $0.38. I hope it's a good buy, as seems that the sell recommendation still has its impact today. IDL was at $0.375 this morning. The impacts of brokers' recommendations is still amazed me.
So, how's IDL doing?
I watched this share since when it was $ 0.19. Get on board at $.305 (a little slow, isn't it?), keep it until it reached a peak few days ago at $.40. And got some more yesterday at $.365.
There was an article recently on the Financial Review's Smart Investor (march edition) about Industrea. It's worth a look:
http://www.industrea.com.au/html/news/2007/
So, how's IDL doing?
I watched this share since when it was $ 0.19. Get on board at $.305 (a little slow, isn't it?), keep it until it reached a peak few days ago at $.40. And got some more yesterday at $.365.
There was an article recently on the Financial Review's Smart Investor (march edition) about Industrea. It's worth a look:
http://www.industrea.com.au/html/news/2007/
DYL and Uranium Hype
I have been thinking to sell my holdings on Deep Yellow Limited (DYL). I feel a little bit uncomfortable with it's price movement. I suppose I can say that DYL is a good company, but they haven't even started any production/drilling, and of course there are a lot of uncertainty. I had this share for a while, in and out, starting when their share price was only $0.18 three months ago. They have made a good money for some, of course, as I also secured a small amount of profit from them. DYL share price reached a peak not long ago (03-Jan-2007) at $0.61, but continually going down since. Today, they went down another 4.5% to a closing price of 0.425.
Fundamental Analysis
I'm still searching for new stock to buy. A little bit sidetracked by the share price movement on IBA. After announcing the talks with UK's iSoft, IBA's shareprice went down from $1.67 to $1.46 in two days. The market reacted negatively on the announcement. Other than concern about the acquisition, there are also concern on what price institutions will pay to fund capital raising because that may set the short term price target. Everything is still uncertain, and as IBA said this talks with iSoft may or may not lead to the aquisition. I'm waiting for a good price to buy IBA again, if any.
On my searching of new stocks, I am still wondering what is the best method to choose good stocks. My method so far, is to read from the market scan, winner or looser of the weeks, share picks, and then do my own search, before deciding to buy them.
I read about fundamental analisys using the internet a few days ago, and decided to try it out.
This time I am using the data from independent research company Aspect Financial. I have had their service for a while, but this is the first time I'm using their advance finder sort of thing, which allows the investor to search a sector for all shares meeting specific fundamental criteria.
I chose these fundamental criteria:
Value less than 3
Market Capitalisation greater than 100 million
P/E Ratio less than 25
Return on Equity greater than 5%
Earnings per Share Growth (1 year) greater than 5%
Risk Rating less than 3
The search left me with too many companies to look at; which give me another headache. I am still working on it, slowly, and hopefully will find 'good stocks' by the end of the week. A quick glance shows me that a lot of these stocks are actually in their downtrend cycle. This is to say that fundamental analysis can be valuable tool, but it should be approached with caution!
On my searching of new stocks, I am still wondering what is the best method to choose good stocks. My method so far, is to read from the market scan, winner or looser of the weeks, share picks, and then do my own search, before deciding to buy them.
I read about fundamental analisys using the internet a few days ago, and decided to try it out.
This time I am using the data from independent research company Aspect Financial. I have had their service for a while, but this is the first time I'm using their advance finder sort of thing, which allows the investor to search a sector for all shares meeting specific fundamental criteria.
I chose these fundamental criteria:
Value less than 3
Market Capitalisation greater than 100 million
P/E Ratio less than 25
Return on Equity greater than 5%
Earnings per Share Growth (1 year) greater than 5%
Risk Rating less than 3
The search left me with too many companies to look at; which give me another headache. I am still working on it, slowly, and hopefully will find 'good stocks' by the end of the week. A quick glance shows me that a lot of these stocks are actually in their downtrend cycle. This is to say that fundamental analysis can be valuable tool, but it should be approached with caution!
IBA says in talks with iSoft.
Australia's IBA says in talks with UK's iSoft.
In the ASX announcement released today, IBA said that it is in discussion with iSoft group which may or may not lead to an all share recommendation offer for the company being made by IBA Health. IBA Health also confirms that it is in discussions with certain financial institutions to obtain funding which would be required should an offer for the company be made by IBA Health.
iSOFT is a producer of healthcare software solutions in UK. It booked a loss of 338 million pounds for the year to April 2006 due to a 351 million pound writedown of goodwill, and for the first half of this year it made a loss before tax of 14.3 million pounds.
Shares in iSoft last traded at 45 pence. The group's shares plunged 85 percent last year amid delays to a 6 billion pound revamp of computer systems for the UK National Health Service.
IBA share price retreated to $1.505 this morning, down around 6% from yesterday's closing.
In the ASX announcement released today, IBA said that it is in discussion with iSoft group which may or may not lead to an all share recommendation offer for the company being made by IBA Health. IBA Health also confirms that it is in discussions with certain financial institutions to obtain funding which would be required should an offer for the company be made by IBA Health.
iSOFT is a producer of healthcare software solutions in UK. It booked a loss of 338 million pounds for the year to April 2006 due to a 351 million pound writedown of goodwill, and for the first half of this year it made a loss before tax of 14.3 million pounds.
Shares in iSoft last traded at 45 pence. The group's shares plunged 85 percent last year amid delays to a 6 billion pound revamp of computer systems for the UK National Health Service.
IBA share price retreated to $1.505 this morning, down around 6% from yesterday's closing.
IBA, IDL and DYL
IBA Health Limited (IBA) share price has increased to $1.67 this morning, an increase of nearly 5%. The decision I made the day before yesterday (to sell half of my holding and secure the profit) is proven to be a little bit immature. Again, patience is the key for a good investor!
I'm looking around for another shares to buy. Currently I hold IBA Health Limited (IBA), Industrea Ltd (IDL) and Deep Yellow Ltd (DYL). IDL and IBA were in the green zone this morning. DYL was unchanged.
I'm looking around for another shares to buy. Currently I hold IBA Health Limited (IBA), Industrea Ltd (IDL) and Deep Yellow Ltd (DYL). IDL and IBA were in the green zone this morning. DYL was unchanged.
Value Investing
What is value investing?
Few days ago, I read the article about value investing.
To put it simple, value investing means buying an asset for a price that is lower than its value. Got that! Price is what you pay and value is what you get. Value investing is paying a lower price than the value you receive.
It said, value investing is simple but that does not mean it is easy. Patience is a requirement and waiting for obvious opportunities is necessary. Warren Buffett once quipped that the share market is a transfer mechanism, transferring wealth from those that have no patience to those that do.
Okay, now I have read the theory, and this is my experience in the real life:
I bought CSM about two weeks ago. I believed that it was a good buy. I checked the value of the company on the Aspect Huntley valuation, and it turned out to be highest value. Price is about half of the value.
Somehow, at the same time, I received a one week free trial for "stock tips" from one of the stock and finance website. Their recommendation for CSM is "strong buy".
So, you will know or expect what an inexperience investor like me would do. I bought it, both of them ; the recommendation and the shares. The recommendation is free, and the shares cost me real money!
CSM's share price went down 15% in about a week, and seems to go down further.
Now this is my other mistake: I'm impatient! Fearing of losing my hard earned money, I cut my loss, and call it quit (by the way, the tipper also advise people to sell this time).
CSM's share price went up again, just a day after I sold all mine. Expensive way to learn!
Lesson to remember:
Few days ago, I read the article about value investing.
To put it simple, value investing means buying an asset for a price that is lower than its value. Got that! Price is what you pay and value is what you get. Value investing is paying a lower price than the value you receive.
It said, value investing is simple but that does not mean it is easy. Patience is a requirement and waiting for obvious opportunities is necessary. Warren Buffett once quipped that the share market is a transfer mechanism, transferring wealth from those that have no patience to those that do.
Okay, now I have read the theory, and this is my experience in the real life:
I bought CSM about two weeks ago. I believed that it was a good buy. I checked the value of the company on the Aspect Huntley valuation, and it turned out to be highest value. Price is about half of the value.
Somehow, at the same time, I received a one week free trial for "stock tips" from one of the stock and finance website. Their recommendation for CSM is "strong buy".
So, you will know or expect what an inexperience investor like me would do. I bought it, both of them ; the recommendation and the shares. The recommendation is free, and the shares cost me real money!
CSM's share price went down 15% in about a week, and seems to go down further.
Now this is my other mistake: I'm impatient! Fearing of losing my hard earned money, I cut my loss, and call it quit (by the way, the tipper also advise people to sell this time).
CSM's share price went up again, just a day after I sold all mine. Expensive way to learn!
Lesson to remember:
- Do your own research!! Don't trust anybody, because it is YOUR money!
- There should be no excuse for buying something that you didn’t know the value of.
- Patience, sit and wait for the ideal opportunities.
Have a good day investing!
IBA shares
I have decided to sell half of my IBA holding yesterday at $1.554. It went up again this morning to $1.57. IBA is my number one favourite share in ASX. I started buying it when it was on $0.97. I plan to buy IBA again at lower price.
IBA share price went down badly last week. I was lucky to get more of them at $1.36 before they were taking off again. I felt a bit nervous to do that. I was doing 'dollar cost averaging' as few days before I bought some for $1.48. But what is going to happen if the price keeps coming down?
One tip I read about share trading is: Never buy a share on a downtrend!
So I guess we just have to judge ourselves, when to do averaging and when to sell a share on its downtrend. For a starter like me, it's a bit confusing.
IBA share price went down badly last week. I was lucky to get more of them at $1.36 before they were taking off again. I felt a bit nervous to do that. I was doing 'dollar cost averaging' as few days before I bought some for $1.48. But what is going to happen if the price keeps coming down?
One tip I read about share trading is: Never buy a share on a downtrend!
So I guess we just have to judge ourselves, when to do averaging and when to sell a share on its downtrend. For a starter like me, it's a bit confusing.
Holdings
I started my share trading with Telstra (TLS)- a telco company, ERG Group (ERG) - computer hardware, and Deep Yellow Limited (DYL)- a uranium miner. I chose TLS because I thought it's cheap, and of course as an australian, I know the name really well. I really had no idea of trends or values, let alone the term of fundamentals or technical values. I bailed out Telstra quick enough for a break even (it went down) and also sold ERG and DYL when I thought it was a good price. It turned out that their price kept going up and I missed the ride. (I bought in DYL again, but this time is three times of my initial purchased price) Oh Well!
This is my current holdings: IBA, DYL, and IDL
This is my current holdings: IBA, DYL, and IDL
Getting Started
Hi,
I came across this article yesterday. For a beginner like me, this article is quite good and clear. I started trading shares on the ASX around three months ago (Dec 2006). Eventhough I have business and finance education background, I have no previous experience whatsoever on trading shares. I have created this blog to facilitate my learning experience and hopefully be able to share it with everybody who wish to start investing in the stock market.
The article can be found here: http://thestar.com.my/news/story.asp?file=/2007/2/12/business/16840071&sec=business
Have a good day investing!
I came across this article yesterday. For a beginner like me, this article is quite good and clear. I started trading shares on the ASX around three months ago (Dec 2006). Eventhough I have business and finance education background, I have no previous experience whatsoever on trading shares. I have created this blog to facilitate my learning experience and hopefully be able to share it with everybody who wish to start investing in the stock market.
The article can be found here: http://thestar.com.my/news/story.asp?file=/2007/2/12/business/16840071&sec=business
Have a good day investing!
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