Monday, April 02, 2007

first quarter review

The first quarter is finally over and we saw some drama with the global sell-off which started in china but nothing to worry about were still here. The psei went as high as 3,400 but fell sharply due to the sell off and i think in a way i could also say that it was a correction. :) the market's rise this year was kinda meteoric and i would say the correction put the market back in its place. What happened to my little fund this quarter??? well i didnt sell anything even though with all that panic and everything. I bought shares in kpm for its low price and strong fundamentals of the company. That was my only buy this quarter. :) im thinking of adding to my shares in urc. :) i like what ali has in plan for its expansion and also meg which just shows how bullish they are in our economy. :) im still awaiting news for the subsidiary of v, yehey, when they will have their ipo. Jfc has now started to show its true potential and it is now reflected in the share price. :) im also still bullish in ubp, mbt, epci, bpi and of course asia. :) i believe that sgi is still undervalued and could increase its share price by at least 50% still! :) and of course ans is still steadily rising up and with the company continuing to buyback its own shares Just mEan good things foR The company. The market went up by 7.41% since the start of the year and i could say that it is very commendable and i could say rational increase. :) my fund is up by almost 20% since the start of the year and im happy with that because i beat the psei for that is the only gauge to my performance. :) i know tsupiteros or short term traders are having a field time right now with the market conditions being very bullish. :) and i wouldnt be surprised if they are having returns of 50% or more. :) but thats okay i will still stick with my game plan. :) my friend eric just told me to look more into a certain stock and i thank him for doing so for i have found out the company is even more undervalued than i thought. Im going to write about it next time when i can see the true potential and value. And im also thankful to spyfrat for he has pointed me again in the right direction in finding value stocks there are two more that i have to research on. So that means im going to write about three different companies next time. Ill write about the three musketeers next time. :) patience, patience and patience that is the name of the game.
I have a story to tell about life and this could also be connected with value investing. A child asked his father, “why do i need to be humble?” then the father said “when you choose the lowly path, there is no place to fall and the only way is up.” good luck to all of you. Good bless. :)

2 comments:

Unknown said...

Hi

Your investment style seems to be that of value investing. Some of your stock picks interest me.

E.g. Close to half of SGI's shareholder's equity is in the form of cash. Very little could go wrong if one were to invest into SGI at prices close to its cash/share.

But what do you think of the growth prospects of SGI's core business?

What's your opinion on National Reinsurance Corp?

Apologies for so many questions

Yours Truly
Fellow Value Investor

chief stocks said...

what could go wrong? even if sgi closes down tomorrow and you strip everything off the company. all its current assets less all its liabilities you will still have P1.26/share or in other words over 70% from its current price. :) i know they are putting up a condominium in the manila area. :)i invested in sgi becuse it is trading at a very big discount. :) i like nrcp.:)