Shares & Derivatives
nam lee pressed metals
By paullowinvestmentjourney  •  December 2, 2016
http://paullowinvestmentjourney.blogspot.sg/2016/10/portfolio-update-for-september-2016.html i divested my entire nam lee pressed metals about two to three months ago, after it hit a high of 40c. my net net price was about 25c. my thinking was that 1) dividend wise, it has reached a high of 2.5c in 2016 and it has been paying out 1.5c since 2011. thus i feel that this might not be able to be sustained in the coming year. 2) my overall gain from this counter was about 20% pa for my 2-3 years time frame. if this could be extrapolated theorectically, i would be looking at 46-50c by next year, which i feel is not likely at all. 3) thanks to hopeful analysts who wrote very bullishly about this counter and even had a target price of 60c+, the crowd came in and help push it up beyond 40c. 4) normally my preferred ......
Read the full article
By paullowinvestmentjourney
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance