This is another company that I bought into my value-stocks portfolio yesterday. My buy price is 53 sen per share, which is about 75% of its net working capital.
Other good criteria in this company are:
- zero debt.
- stable revenue and profit since year 2001.
- Good dividend. Its latest dividend payment is 5.0 sen (less 26% tax) per share, which had been paid out few weeks ago. Compare to my buy price, this figure give a net DY of about 7%. (Dividend in previous years are less, but quite stable).
- Plenty of Cash (about 60 sen per share).
Similar to other companies in my value-stock-portfolio, SJC has a very low trading volume. I've been watching and quoting for it since few months ago, but only managed to get a match on yesterday.
2 comments:
are you sure always invest to 2nd board? seems incurred high risk to earn money.
I'm not purposely invest in 2nd board only. It's just an incident that a large portion of my "value-stock portflio" comopanies come from 2nd board.
I'm watching some companies from the 1st board too, but according to my strategy, I still waiting for a lower price level to enter.
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