GP Industries share price dropped by 7% after it announced on 15 May that its Qtr 4 will be affected by bad results in its associated company. I can consider myself lucky as l have already divested from GP Industries 11 lots at the start of this week for a 1.8% profit over the invested costs under my SRS portfolio. For now, l am staying away from GP Industries and will be looking at his half time results around Nov'13 time for re-investment decision in it.
Invested into Tai Sin Electric 15 lots in this week under SRS portfolio. Its share price dropped by 4.9% on Monday as investors viewed its 9M2013 results announced on last Friday evening negatively. But its share price was quite well supported from Tuesday onwards. Investors probably quite concern with its Qtr 3 results as its gross profit margin was at 15.3% when comparing to last year's 19.2%. But one quarter's bad performance would not mean of the same outcome in Qtr 4.
CM Pacific share price did not drop much after it went XD last week. And investors stayed almost stayed neutral to its announcement this week that its deal to acquire Jiurui expressway deal in exchange for its New Zealand property business is now called off. I took the opportunity of this stable condition by investing in it for 3 lots.
Despite a bad Qtr 1 results for Telechoice, it is expecting Qtr 2 to be better than previous year and overall full year will be satisfactory. So this week l have invested in Telechoice 15 lots.
Portfolio walk since previous posting :-
+$5,500 Total Returns as of 3 May
+$93 Gain on sales of GP Industries
+$601 Unrealised positions improved
+$6,194 Total Returns as of 17 May
previous posting :- SRS - Closing status 3 May
Invested into Tai Sin Electric 15 lots in this week under SRS portfolio. Its share price dropped by 4.9% on Monday as investors viewed its 9M2013 results announced on last Friday evening negatively. But its share price was quite well supported from Tuesday onwards. Investors probably quite concern with its Qtr 3 results as its gross profit margin was at 15.3% when comparing to last year's 19.2%. But one quarter's bad performance would not mean of the same outcome in Qtr 4.
CM Pacific share price did not drop much after it went XD last week. And investors stayed almost stayed neutral to its announcement this week that its deal to acquire Jiurui expressway deal in exchange for its New Zealand property business is now called off. I took the opportunity of this stable condition by investing in it for 3 lots.
Despite a bad Qtr 1 results for Telechoice, it is expecting Qtr 2 to be better than previous year and overall full year will be satisfactory. So this week l have invested in Telechoice 15 lots.
Portfolio walk since previous posting :-
+$5,500 Total Returns as of 3 May
+$93 Gain on sales of GP Industries
+$601 Unrealised positions improved
+$6,194 Total Returns as of 17 May
previous posting :- SRS - Closing status 3 May
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