The past few months have seen some changes in my portfolio. Will just jot down the changes and the reasons (shortened version) for the changes.
Should i be able to find some time i will consider writing a longer version of certain changes
(1 of the associates of my recent additions)
Removals
Ossia Intl - Following a result that has met expectations, the share price has increased by over 20% from the results release. As i have only initiated positions since March my average price is around 0.12x.
Stripping aside the presidential bid craze and all, the dividend yield of 10.5% and PE of 4.3 is attractive. However considering Harvey Norman has a PE of 5.3, expected retail environment to be tough as well as my intention to channel limited funds to something else, i have decided to divest it and review the company 3 months later.
It is fair to say that the estimation was on the lower end of my expectations as well....