Fishing time

Portfolio Summary

Today's Change s$130.00 (-3.1%)

Total Value s$4,035.00

Total Change s$63.00 (1.6%)

Portfolio still in the black with 1.6% increase from date of investment. Charges for buying and selling had been included in before the abovementioned figure.

Warren Buffett just sinked in 23 Billion in a Wrigley deal. Yeah, support from the Guru in terms of Market bottoming down. Given his style, it is unlikely he will take 23billion to throw it away. Showed that it is really a good time to buy selective company now.

Portfoilo update

Today saw a general rise in most stocks over Asia Markets

Celestial Nutrifood closed at 0.73 (+0.09 from purchase price of 0.64)

Pacific Andes closed at 0.50 (+0.015 from purchase price of 0.485)

Gitch today. Sign from Heaven?

This morning, I tried unsuccessfully to buy C&G Industrial, Fibrechem and KS Energy as my brokerage was having a problem. The brokerage had just updated to a new platform and could not cope with the volume and the system crashed. In hindsight, I wonder if it was a bane or boon.

C&G closed flat today at 0.28

Fibrechem went up to to 0.74 from my intended entry price of 0.73.

KS Energy went up to 1.70 from my intended entry price of 1.68.

Boring stocks bought today

My investment philosophy is to identify company that are undervalued to its intrinsic value. As I am not Warren Buffet, I have a huge margin of safety of 50% as my safety net. Secondly, I look at growing ROE of about 15% and above (as it indicated Management ability to grow retained earning) and consistent EPS (Even better if it is growing). Business must be able to be self funded through its operating activities and not borrow excessively. Lastly, profit margin must be 10% and above.

I intend to use this blog to track my investment portfolio.

Celestial Nutrifood deal with soya bean and Pacific Andes deal with fish. Both are trading at PE ratio of 5+ as compared to their respective industry PE ratio of 20+. I believe both are undervalued to their intrinsic value. This represent a excellent chance to buy in given that the equity market had been battered due to the sub-prime market. I believe the US will clear up their mess by 2009 and all losses would be factored in.

Company	Date Bought	Shares	Price Bought
Pacific Andes	18-Apr-08	4000	0.485
Celestial Nutrifood	18-Apr-08	3000	0.64