FRANKLIN'S TRADING RECORDS & RANDOM THOUGHTS

[FCGY]

2009 FULL YEAR RESULTS
~ Capital: S$63,000
~ Realised Profit/Loss: S$66,244.71 --> +105.15%

2010 ~ CURRENT
~ Capital: S$129,244.71
~ Total Invested Amount: S$73,817.72
~ Balance: S$55,426.99
_________________________________________________________
_________________________________________________________
Date : 24/08/09
Stock Name : Aztech
Ccy : SGD
Avg Cost : 0.282349
Amount$ : 31,058.41 (for 110,000 shares) **
Sold : 0
Quantity Bal : 110,000
Last : 0.245
Market Value : 26,950
Profit/Loss : 4,108.41 (unrealised) --> -13.23%
_________________________________________________________
Date : 07/09/09
Stock Name : PohTC
Ccy : SGD
Avg Cost : 0.346191
Amount$ : 17,309.55 (for 50,000 shares)
Sold : 0
Quantity Bal : 50,000
Last : 0.400
Market Value : 20,000
Profit/Loss : 2,690.45 (unrealised) --> +15.54%
_________________________________________________________
Date : 02/12/09
Stock Name : Ziwo
Ccy : SGD
Avg Cost : 0.377970
Amount$ : 11,339.10 (for 30,000 shares)
Sold : 0
Quantity Bal : 30,000
Last : 0.420
Market Value : 12,600
Profit/Loss : 1,260.90 (unrealised) --> +11.12%
_________________________________________________________
Date : 23/12/09
Stock Name : ActionAsia
Ccy : SGD
Avg Cost : 0.176383
Amount$ : 14,110.66 (for 80,000 shares)
Sold : 0
Quantity Bal : 80,000
Last : 0.185
Market Value : 14,800
Profit/Loss : 689.34 (unrealised) --> +4.89%

--------------------------------------------------------------------------------------
2010 Realised Profit / Loss : S$0.00 --> +0.00%
2010 Unrealised Profit / Loss : S$532.28 --> +0.41%

** Records exclude rights & warrants issued after purchase.
All records also exclude dividend gains (if any).

[FCGY]

Wah lau... NOL I so grrr......


FCGY, I saw you buy Aztech. But your price is pre-rights correct?
It came to my attention recently... Can share your reasons for purchase? Thanks!

Hi Momo

Yes, my price is pre-rights.

Brief Rationale
NAV $0.249, PE 8.6, PB 0.9, Yield 9.1 ~ based on FY08 profit and px of 0.215.
PE is still lower than its industry average (& can be even lower with higher profits this year?), with reasonably good yield...

FY08 (Full Year) Pre-tax Profit ~ S$12.618m
FY 09 (9 months) Pre-tax Profit ~ S$16.852m

Aztech is diversifying into non-manufacturing areas. Though such events come with risks (lack of experience, expertise, economies of scale, etc.), it is ultimately necessary as manufacturing industry is a 'dying breed' in Singapore. In addition, the first few diversifications i.e. building materials and marine logistics are churning in profits.

Having said that, it is still necessary to review its full year FY09 P&L, cash flows and impact of its diversifications in the upcoming result announcement.

[momoeagle]

Thanks!

So dividend yield is 9.1% at 0.215
At current price, it's 8.0%......

Chart wise, CCI is high, a little overbought, so I might wait for a short term correction before putting in for long term... Only worrying thing is why was it sold down to 5 cents in March 09....

My initial rough estimation of the intrinsic value using DCF is near 30 cents using the EPS... The diversification is indeed interesting, which was why I took interest....

[FCGY]

March 09 was a 'bottom' for many stocks.. For example, Eratat (my ex-lover) was sold down to about 5.5c too.

Thank you for ur insights into this counter too, especially the discounted cash flow estimation.

[FCGY]

2009 FULL YEAR RESULTS
~ Capital: S$63,000
~ Realised Profit/Loss: S$66,244.71 --> +105.15%

2010 ~ CURRENT
~ Accumulated Capital (Yearly): S$129,244.71
~ Total Invested Amount: S$73,817.72
~ Balance: S$55,426.99
_________________________________________________________
_________________________________________________________
Date : 24/08/09
Stock Name : Aztech
Ccy : SGD
Avg Cost : 0.282349
Amount$ : 31,058.41 (for 110,000 shares) **
Sold : 0
Quantity Bal : 110,000
Last : 0.255
Market Value : 28,050
Profit/Loss : 3,008.41 (unrealised) --> -9.69%
_________________________________________________________
Date : 07/09/09
Stock Name : PohTC
Ccy : SGD
Avg Cost : 0.346191
Amount$ : 17,309.55 (for 50,000 shares)
Sold : 0
Quantity Bal : 50,000
Last : 0.395
Market Value : 19,750
Profit/Loss : 2,440.45 (unrealised) --> +14.10%
_________________________________________________________
Date : 02/12/09
Stock Name : Ziwo
Ccy : SGD
Avg Cost : 0.377970
Amount$ : 11,339.10 (for 30,000 shares)
Sold : 0
Quantity Bal : 30,000
Last : 0.445
Market Value : 13,350
Profit/Loss : 2,010.90 (unrealised) --> +17.73%
_________________________________________________________
Date : 23/12/09
Stock Name : ActionAsia
Ccy : SGD
Avg Cost : 0.176383
Amount$ : 14,110.66 (for 80,000 shares)
Sold : 0
Quantity Bal : 80,000
Last : 0.190
Market Value : 15,200
Profit/Loss : 1,089.34 (unrealised) --> +7.72%

--------------------------------------------------------------------------------------
2010 Realised Profit / Loss : S$0.00 --> +0.00%
2010 Unrealised Profit / Loss : S$2,532.28 --> +3.43%

** Records exclude rights & warrants issued after purchase.
All records also exclude dividend gains (if any).

[FCGY]

No harm to spend a few minutes of your time to read this..

viewtopic.php?f=27&t=1352&p=9450#p9450

[FCGY]

Sold 30,000 Ziwo @ 0.450

[FCGY]

2009 FULL YEAR RESULTS
~ Capital: S$63,000
~ Realised Profit/Loss: S$66,244.71 --> +105.15%

2010 ~ CURRENT
~ Accumulated Capital (Yearly): S$129,244.71
~ Total Invested Amount: S$62,278.62
~ Balance: S$66,766.09
_________________________________________________________
_________________________________________________________
Date : 24/08/09
Stock Name : Aztech
Ccy : SGD
Avg Cost : 0.282349
Amount$ : 31,058.41 (for 110,000 shares) **
Sold : 0
Quantity Bal : 110,000
Last : 0.250
Market Value : 27,500
Profit/Loss : 3,558.41 (unrealised) --> -11.46%
_________________________________________________________
Date : 07/09/09
Stock Name : PohTC
Ccy : SGD
Avg Cost : 0.346191
Amount$ : 17,309.55 (for 50,000 shares)
Sold : 0
Quantity Bal : 50,000
Last : 0.390
Market Value : 19,500
Profit/Loss : 2,190.45 (unrealised) --> +12.65%
_________________________________________________________
Date : 02/12/09
Stock Name : Ziwo
Ccy : SGD
Avg Cost : 0.377970
Amount$ : 11,339.10 (for 30,000 shares)
Sold : 30,000 @ 0.450
Profit/Loss : 2,104.37 (realised) --> +18.56%
Quantity Bal : 0
Last : N.A.
Market Value : N.A.
_________________________________________________________
Date : 23/12/09
Stock Name : ActionAsia
Ccy : SGD
Avg Cost : 0.176383
Amount$ : 14,110.66 (for 80,000 shares)
Sold : 0
Quantity Bal : 80,000
Last : 0.185
Market Value : 14,800
Profit/Loss : 689.34 (unrealised) --> +4.89%

--------------------------------------------------------------------------------------
2010 Realised Profit / Loss : S$2,104.37 --> +1.63%
2010 Unrealised Profit / Loss : S$678.62 --> -1.09%

** Records exclude rights & warrants issued after purchase.
All records also exclude dividend gains (if any).

[FCGY]

2009 FULL YEAR RESULTS
~ Capital: S$63,000
~ Realised Profit/Loss: S$66,244.71 --> +105.15%

2010 ~ CURRENT
~ Accumulated Capital (Yearly): S$129,244.71
~ Total Invested Amount: S$62,278.62
~ Balance: S$66,766.09
_________________________________________________________
_________________________________________________________
Date : 24/08/09
Stock Name : Aztech
Ccy : SGD
Avg Cost : 0.282349
Amount$ : 31,058.41 (for 110,000 shares) **
Sold : 0
Quantity Bal : 110,000
Last : 0.235
Market Value : 25,850
Profit/Loss : 5,208.41 (unrealised) --> -16.77%
_________________________________________________________
Date : 07/09/09
Stock Name : PohTC
Ccy : SGD
Avg Cost : 0.346191
Amount$ : 17,309.55 (for 50,000 shares)
Sold : 0
Quantity Bal : 50,000
Last : 0.380
Market Value : 19,000
Profit/Loss : 1,690.45 (unrealised) --> +9.77%
_________________________________________________________
Date : 02/12/09
Stock Name : Ziwo
Ccy : SGD
Avg Cost : 0.377970
Amount$ : 11,339.10 (for 30,000 shares)
Sold : 30,000 @ 0.450
Profit/Loss : 2,104.37 (realised) --> +18.56%
Quantity Bal : 0
Last : N.A.
Market Value : N.A.
_________________________________________________________
Date : 23/12/09
Stock Name : ActionAsia
Ccy : SGD
Avg Cost : 0.176383
Amount$ : 14,110.66 (for 80,000 shares)
Sold : 0
Quantity Bal : 80,000
Last : 0.175
Market Value : 14,000
Profit/Loss : 110.66 (unrealised) --> -0.78%

--------------------------------------------------------------------------------------
2010 Realised Profit / Loss : S$2,104.37 --> +1.63%
2010 Unrealised Profit / Loss : S$3,628.62 --> -5.83%

** Records exclude rights & warrants issued after purchase.
All records also exclude dividend gains (if any).

[FCGY]

Trajectories ~ when it comes to trading/investment

No one, nothing can predict outcomes accurately and consistently. Not to mention timing the outcomes. Trajectories tend to limit thoughts and actions, implyng that there is only a 'certain path' to follow. Trajectories occur after the development of a dominant nature (e.g. 911, gold rush, asset bubbles), creating a 'WOW' effect, followed by certain "followership".

Stocks trading can be at times paradoxical. Some are so adamant at their 'forecasts', that they close out diverging signs. Some try to follow each and every swing, big or small. Some simply wait and wait. While I reckon there are no 'sure win' strategy, trying to put the 'cart before the horse' for too many times can also be suicidal.

Conflicting? The point I am trying to address is that given today's influential influx of information and knowledge, plus the "rate' of CHANGE, perhaps we should attempt to 'anticipate' only the big swings and ride out the smaller ones. Over a longer period of time, transaction costs can become the tipping point in the P/L.

Entry basis and exit plans are 'MUST'! But not at each and every turn of a stone. Yes, 'fast money' is possible, but not everyone is up to it. In addition, the frequency and difficulty in achieving that vary.

Whether it's bull, bear or consolidation, only time will tell, and unfortunately, investment decisions are made now, only to be measured in the future.

Franklin
RMAO
9.20am ~ 26 Jan 2010