Friday, July 31, 2015

Flight to safety (credits to OCBC)


























I noticed this recently and took it down. It utilizes the power of 3 to classify where a company falls under and interesting, you can see some notable names from the singapore stock market.

Personally,  I am very excited about the recent cheap prices - I think Keppel Corp, Sembcorp should be on most investor target. I am also interested in Yoma.

Noble Group on the other hand is dismal. I sold it after Michael Dee's scathing attack and warning he send to. Full letter here - http://www.sharesinv.com/articles/2015/05/29/open-leter-noble/
While I bought at 0.95 average and sold at 0.72. Its nothing compared to its 0.44 current price.

Is the end for noble? I don't believe so...but I think the company has to consider seriously how it should run its business and Michael Dee is quite right.
1. Become cash-flow positive
2. Fix your high leverage
3. Increase your transparency

I still own 500 shares, didn't sell it properly. I will hold on to this. And see how it all plays out.

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