rem upside is shortterm punting.
after this, the market is going to suspect the management until they have at least a few quarters of track record...
the buffet investment theory is also to invest in the management team...
rem upside is shortterm punting.
after this, the market is going to suspect the management until they have at least a few quarters of track record...
the buffet investment theory is also to invest in the management team...
Top management at Citic according to friends in the know is pretty distracted by all sorts of unrelated things .. jockey club, charity etc etc ....
But then in HK its not what the management does, but who they know.
If they get to 8...I'll be dumping the suckers in a hurry
Still got them - doing alright aren't they? (HK$9.33 at lunchtime today)
The short term panic over the currency contracts has abated as the exchange rate has come back a bit. On further reflection I've decided to hold on for a while, in the expectation that they will do even better than my current 55% gain. Rational analysis (assuming there are no other skeletons in the cupboard) would say they should be at $20+.
Last edited by PDLM; 02-01-2009 at 02:19 PM.
Their operating companies are mostly profitable.
It is better to hold on and see how far they go.
good for u guys.
in normal days i'd punt on such counters..
but with the market so low, there are just too many other interesting candidates that are almost sure to give you enormous profit over the next 3-5 years, so i'm reluctant to go into speculative nature trades in case money get locked up where they are better use buying some of the asian banks..
It closed at 10.2, up 21.7% on the day!
I had a punt on BEA as well, but got in a bit early so I'm still a bit down there. But I reckon that has good recovery potential too.
Giordano is another one I'm in. A bit late on that one, so I didn't get it at the bottom (about $0.9) but I'm still up 50% on that at the moment.