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Saturday, 21 July 2012

SRS - Closing Status 20 Jul

Under the SRS portfolio this week, l have invested into both Nobel Group and QAF.

I have wanted to invest into QAF for quite some time so, l bought 8 lots of it this week.  I am anticipating a similar dividend rate of $0.01 which possibly XD in early Sep month.  This anticipated XD rate is same as paid in 2010 and 2011.  Its share seems have been in oversold territory now.  It is likely to stay in this oversold position next week if the general market condition stays weak.

Noble is a well diversified company (into three core areas) with the biggest segment being in energy.  And its business presence is every where in every corner of the world.  I reckon Noble is able to divert its management resources and funds easily to stay agile to business needs in order to stay profitable.  Prices of primary produce has been very volatile but l reckon this setback is only short term and by its next financial year, Noble will be back to regain its past glory.  This week, l have invested 20 lots into Nobel.

Portfolio walk since previous posting :-

+$203 Total Returns as of 6 Jul
-$129 Unrealised positions worsened

+$74 Total Returns as of 20 Jul

previous posting :- SRS - Closing status 6 Jul

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