By: musicwhiz The second-half of March 2008 saw more business activity with respect to the companies I own. The market continued to recover somewhat slightly, though I think that will be scant relief for those who probably bought at the height of the bull market. This evidently illustrates the importance of purchase with a margin of safety, and to also assess the potential investment rationally to see if it has prospects for top and bottom line growth in the years to come. April 2008 will prove to be an interesting month, as I am expecting results announcements from FSL Trust, Suntec REIT and Ezra. Also, I am looking forward to attending the AGM and reading the Annual Reports for Swiber and China Fishery. Below is the summary of my investments and related news as at March 31, 2008 (STI at 3,007.36 points).:- 1) Ezra (Vested since October 6, 2005) - Buy Price $0.645 (bonus adjusted), Market Price $2.07, Gain 221%, YTD Loss 37.7%. On March 27, 2008, Ezra announced the clinching of charter contracts totaling US$77.6 million; these include new and renewal charter contracts. I have details on this in my previous post. Ezra should be releasing their 1H FY 2008 results by mid-April 2008, and I will provide a review and analysis before my next portfolio review. Read more...