Shares & Derivatives
Portfoilo Update in June 16
By Investmoolah  •  June 20, 2016
This month I am on speculation mode. I have covered my short on Sino Grandness at 0.62 using SBL. You can read my experience here. All in all, I feel SBL is a pretty lousy way to short shares due to the high fees and lengthy process. In addition, I have purchased Yongnam's rights at 0.001. The company did a rights offering recently where new rights can be exercised at a price of 0.21. Given the company is trying to improve its balance sheet by way of equity raising, I will be watching how the company performs in the upcoming quarterly results. The margins in Q1 seems manageable and the company has turned cashflow positive. Hopefully, this good performance can be carried on to Q2. Also, I have since sold off World Precision Machinery at 0.31 due to my less optimistic outlook of China. I think ......
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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1 Comments

One response to “Portfoilo Update in June 16”

  1. Sukanya says:

    Yes, I too feel that SBL is a little lousy way..And, I have also purchased Yongnam’s rights..It will be very interesting to see how Yongnam performs in the upcoming quarters..Hoping for the best..

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