Have Achieved My Annual Target Return

Rich
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8 years 11 months ago #22234 by Rich

Replied by Rich on topic Have Achieved My Annual Target Return

We all would have achieved a multibagger if we had bought AsiaMedic. Now at 6 cents, but the chairman and his holding coy sold at 18 cents to a Chinese pharma coy. The share price should jump tmrw.

infopub.sgx.com/FileOpen/Annc_Sale_by_Sh...cement&FileID=354311

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lotustpsll
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8 years 10 months ago #22247 by lotustpsll

Replied by lotustpsll on topic Have Achieved My Annual Target Return

The recent approval of moratorised shareholders selling up to 8.2% of their shareholding in Q&M is a horrible mistake that will rattle investors. No matter how this is explained or justified by its management and Maybank KE, I am afraid Q& M has broken the cardinal rule. i.e. “do not break the trust of your shareholders/investors”. With this event, how would Q&M now deal with other moratorised shareholders requesting similar treatment.

Disappointed with this ill-advised management decision.

The following user(s) said Thank You: yeng

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yeng
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8 years 10 months ago #22249 by yeng

Replied by yeng on topic Have Achieved My Annual Target Return

Hi Lotustpsll: Q&M indeed has broken down in the eyes of the market. In the first place, its superextraordinary PE was a red flag -- imho. Hope you still have profit to take on this stock.

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lotustpsll
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8 years 10 months ago #22251 by lotustpsll

Replied by lotustpsll on topic Have Achieved My Annual Target Return

Not to worry as my average cost is 34 cents.

The drop over past 3 sessions have been excessive (over 20%) and as such am buying back stocks. Sell-down has been furious - management should now learn the lessons and not to take minority shareholders for granted.

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Rich
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8 years 6 months ago #22578 by Rich

Replied by Rich on topic Have Achieved My Annual Target Return

In June, AsiaMedic was flying high. What happened to the stock since then? why has it fallen to 6-7 cent level?

Q&M still quite steady @ 77 cents. The China card is going to keep it up

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lotustpsll
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8 years 4 months ago #22765 by lotustpsll

Replied by lotustpsll on topic Have Achieved My Annual Target Return

What a tough year it has been. So mentally challenging. I have managed to record a return of 16% for 2015. For next year, I intend to shrink my portfolio and will be more focused. Primary goal will be to reduce my transaction costs significantly.

Wish fellow investors well for 2016.

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