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Saturday, 26 January 2013

Cash - Closing Status 25 Jan

In this week under Cash portfolio, l have sold away First Resources 6 lots for a gain of $312.  If its share price weakens again l will likely re-invest into it as it is really a company of bountiful growth prospects.  Management focuses operations in a country it is most familiar with i.e. Indonesia and hence having the ability to (1) sniff out white areas for future growth and (2) knows where and how to tap into cheap resources which lowers its running costs.

Portfolio walk since previous posting :-

+$1,256 Total Returns as of 18 Jan

+$312 Gain on sales of First Resources

+$278 Unrealised positions improved

+$1,847 Total Returns as of 25 Jan

previous posting :- Cash - Closing Status 18 Jan

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