Donation amount as little as $10. Please donate generously. To donate, click on the sggives logo.

Blog Archive

Monday, 11 June 2012

Cash - Closing Status 8 Jun

Queued to invest into Lee Metal on 8 Jun. But only managed to get 2 lots so, the costs of investment is really high and this is due to the minimal brokers charges of $25.  Seems that l will have to continue to get more of Lee Metal so that l am able to cover the minimal broker charges when it is time to sell it away. 

Lee Metal's steel business is likely to continue weigh down total gross profit margin.  But l am certain management will continue to focus on higher ASP mix for its steel business to minimize the margin erosion.  On fabrication and manufacturing, though competition is getting into bitter fight over a shrinking business pie but if Lee Metal is able differentiate itself on being of better value proposition then this segment will continue to grow but l am hoping this is not at the expense of falling margin.

Portfolio walk since previous posting :-

-$454 Total Returns as of 1 Jun 

-$888 Unrealised positions worsened

-$1,342 Total Returns as of 8 Jun

previous posting :- Cash - Closing Status 1 Jun 

No comments:

Post a Comment


The Motley Fool



SGX News

Hellenic Shipping News

Singapore Law

Business Google News

Business Times