ASM MARC

It took only about 5 min for the President Ramon Recto to discuss about the progress of operation and what to expect for the company. My ears where attentive at this time 

...after all those scripted "I second the motion chuvas..."

-The revenue last year was generated only in six month of operation ending Dec.31, 2011. yet earned a net income of 268M..and some of it were used to settle debts. Revenue 842.9M. Nov-Mar is rainy season.

-This year, we have made 5 shipments..1 is in progress.

-The remainder of the year MARC will ship a higher grade of Nickel

-Compared last year, we only have the second half of shipment..Hopefully this year, the season will cooperate and probably do more shipments since we started early..target profit for this year is 750M-1B.

-I would like to assure everyone that this year MARC will have a better performance. Next ASM food will also be better (chuckled)

-Despite the media attention on mining issues, I assure everyone and am proud to say that MARC is a responsible mining company.  
-No questions from the spectator/stockholders have been raised.  

Disclaimer:

These are only my honest interpretation from what has been discussed in the ASM. I do not claim accurateness of information.

WHY MARC?

I entrust my money to MARC because:

-Baby company..it is understandable that stability in stock price is not expected this early...However, the company is evidently profitable. From -73M in June 2011 to a positive retained earnings of 194M (Dec 2011)for only 6 months of operation! This year will be positively different.

-I have had a short conversation with the President, Mr Ramon Recto. First impression:  a very down-to-earth human.  On our second meet-up, he even thanked me to having invested in the company. 

I didn't miss to get a photo with him.

He crack a joke after we took a photo.."maybe you'll give that to Gina Lopez"

I grinned. "No, actually to Ted Failon" everyone in the panel laughed 

-Other things ...I will have my shares certificated

Ciao ciao

Many were called but few were talking

Been educating myself with this:

http://www.principlesofaccounting.com/chapter1/chapter1.html

The further I read the more it is clearer to me that I am scarcely equip with accounting knowledge. More so it seems not enough to buoy my confidence in applying the basics in accounting in my choosing of a sound investment. 

True that Accounting knowledge is very valuable to business success. The more I understand accounting the more chances to detect success of a business hence the more I would understand to which stock I should invest in, for that matter.

 

I believe if I give some time to understand the needed points enough to help me distinguish good stock picks then I can fully back up my way of investing.

If one would ask if knowledge in accounting would have a more advantage in positioning in a good stock, then I shall definitely say it would help a lot.

But to make money in PSEi? Is somewhat a different story

 

The way I see what is happening at the moment in the PSEi, there are stocks on a mercurial rise with no fundamental explanation. That is not certainly a matter of impressive accounting that the company is having or about to release but the successful application of Marketing strategy of the few. May it be story telling in a forum or a show money attraction in the trades or a one-after-the-other buys attraction in the ticker - All of these boil down to Marketing. 

Accounting now falls as a rumor- a common mistake for an average investors, and this does not exclude me at some instance.

Many wants to jump in, but few already went out with profits. 

Many were called but few were talking.

The not-so-often PSEI trader way of successful money making.

Bouna notte

UCC

The Podium

Ground Level, The Podium
12 ADB Ave., Ortigas Center
Mandaluyong, Metro Manila, Philippines

 

This is where my friend treat me something to eat and drink- bill on him!

A sense of fulfillment is what I am having at the moment. This is what he had promised after some guidance I rendered during his trading sessions. I am proud of him because he knows how to listen- a key to facilitate understanding. 

He is going back abroad two days from now. Good luck to you, bunkmate.

Now I am searching for the next candidate to receive stock trading lessons from me. This is a kind of moment that I am also proud of myself. Sharing my understanding of the opportunities in stocks is entertaining for me, and a positive result in the trading activity gives a sense of fulfillment. 

Goal: looking forward for another UCC treat!

We talked about a lot of things...but more on stocks. 

One interesting topic which I brought up was our plan to pursue fund managing and invest it to diversified investment avenues; one of it is on stocks. We lingered for a while to think how to proceed...prepare business plan!

"Get me investors abroad, I said." 
Ladies and Gentlemen...my mouth =)

Back to reality, I will anticipate tomorrow's game 5 on NBA finals to be an exciting and heart pounding game, coupled with heat right down my throat for every shot attempts of OKC...Because I go for HEAT!

The Moment is In Heat

...and the Mining companies are holding their balls until the release of EO tomorrow as previously anticipated.

Game of trades

At 4pm I decided to give myself a break and went to scan my DVD collections for a movie. A familiar title caught my eyes, 'Game of thrones'. I never knew I have this already for 5 months. Slipped it through and ready for the season 1. 

To my couch!

No trades executed today.

I posted though 9.2 in CAL but it went lowest only at 10.2.

MARC was showing a selldown by breaking 2.4 level and even went to reach a 2.35 intraday low but manage to climb up to a fairly 2.45 at the close. I have nothing more to say on my standing in MARC unless I get info in the coming ASM.

LC for me is showing a breakout from a descending channel:

Still awaiting for FTAA approval and should boost the confidence of investors to buy in LC

SGI Solid Group, Inc.

cup and handle formation

Above 1.5 is a confirmed breakout with volume

Caveat Emptor

I'm on the 4th episode on Game of thrones..Tomorrow there are games excitingly to watch. NBA games and the game of trades.

Independence day

I had most of the time this day contemplating on what avenues of investment, other than stocks, to put my money in. It's not that easy when I am expecting a return as quick as I get in stocks. 
To start of, there is AFPSLAI cca account that gives out  18% annual yield or 4.5% per quarter! Better than saving deposit. What is holding me up is the liquidity...
I should go to inquire to my father about this.


Secondly, the lending business sprung up in my mind. 4% every bi-monthly? I have no experience. 
I should go to inquire my sister about this.


Thirdly, my ongoing plan of book rental business. 
I should start it now or lose my spirit.


I am getting anxious. This is the moment when options are getting nowhere but remain as options. It must be acted upon. 
This is what I get to choose to remain unemployed. 
Now, I have freedom to choose what I want to happen in my life.


I came across of a better definition of a RICH life.
"Rich life is doing what you want to do, when you want to do it, with who you want to do it with, without having to worry about money"


The last line strikes me. BUT it can be lessen or perhaps resolved, hence my options earlier mentioned. However, the rest of the conditions are already achieved courtesy of freedom.


Some day I will get there. Only certain now, and should expedite all I want, is the freedom I have regained!


It's independence day.

feels like a teen guru

While watching the ticker, a friend of mine suddenly pop a msg in fb.

What's a good pick for today?

Early period of trading, I saw a series of transaction made by a sole firm on AAA- seems attractive to me (my analysis based on ticker)

Made an intraday day high of 5.24 but pulled back as low as 5.

With that question challenged by my friend, I transformed myself into a self proclaim guru for that matter- risking his money and trust. All instructions given was according to my style of trading.

-Buy AAA it will shoot in the afternoon trade. At the moment, Ask side is at 4.98, grab it. (with conviction!)

And so he bought.

*When do I sell?

-Intraday high is 5.24. If it breaks higher than 5.24, buy more. Should the price remains below 5.24 before the day ends, sell it. Cut loss 4.8.

He responded positively.

A msg pop. " *for my water bill already =)"

- hold a little more.

msg pop again few minutes later, " *for my electric bill"

-at 5.15 staying for a while, I gave him the option. Sell now to ensure payment on your bill or risk losing it waiting for 5.24.

5.24 reached...astonishingly, it stood on that price unsure whether it breaks away or collapse.

A msg pop. "*sold 5.24"

- A sigh of relief. feels like a guru

-I enticingly asked don't you like to buy a new phone?

*fear sets in J

-Good. Congrats.

He offered to buy a coffee some time if I'm free.

I reclined on my couch to ponder what just happened. 

It looks as though it was wise of me, but what's stupid is I didn't even buy AAA.

Stop the mouth. Do it!!!

For the rainy days

First thing I checked in the morning was the DJIA- it's green. My picks should make some come backs..but most of them are on mining and oil sector which I doubt for a rebound  when gold started to ease from a recent surge of 4% just the other day. Let's see what the sentiment on PSEi is.


LC was steady momentarily at 1.32 when suddenly it rallied up til 1.40...No new development released. Therefore my plan was to sell a portion during the rally,1.38. 
Sold 20% of the core. Funds for the rainy days. A must do strategy when the market is rebounding. Funds for opportunistic buys.


No other trades executed. 
Good night

a visit

After a terrible trading session with CAL I conceded and went to downtown to get an air, though polluted.
I lose 4 times what I have earned from CAL a day ago. I now moved on...


Instead I worked on to settle my titling of my unit with ELI. Finally after 4 yrs since my investment with ELI I have affixed my signature for the last process of titling of my unit. Praise God! I can say I fully control my condo unit. Note that I say control, not own...The Government own all real estate. I only have the full control. 
If you want to understand more, try to ignore the tax payment. Then you will know who really owns your real estate.


Right after from ELI I went to drop by MARC office at Citibank tower to get a pass for the upcoming ASM on June 29. I do not know what to assure myself for a seat at the Annual stockholders' Meeting since this will be my first time to attend. A lady entertained our presence and surprisingly she is also with FM. And there goes our chika moments...Talking about stocks is very vibrant and interesting. As if we don't run out to say something about stocks. 
About MARC...hmmm operational and sound company. My company =) (I can say that) is in contract with Dunfeng for 3 yrs supply of 1M WMT of nickel. The lady said, there are many Chinese coming to their office asking for Nickel supply. My company is primarily prioritizing the supply to Dunfeng and any excess of the required amount to Dunfeng will be cater to other client. The demand is good. The company is good.
To cut the info short, everything we talked about are on their reports.


I didn't miss to take a picture of my wife and baby on the desk where the name Marcventures appears on the background.


on the side note, I bought LC at 1.29..now lowering my ep to 1.45..at least




A close friend msg me:


is lc still a good buy by 2m?


My reply:


in my opinion LC will remain a growth stock, hence a long term position. GF  FTAA is still pending. thereafter, will add 20% Goldfield's acquisition on FSE, total 60%..that means, a transaction of 1.6Bphp already paid...so I will bet my thousands na, if they are serious not to waste billions already invested. if all goes insane, il lose thousands, they will lose billions...hindi naman ata kami nglolokohan dito. so in that angle alone, they are serious to acquire FSE from LC and make it a world class mining.


Have a good day everyone.

I'm back

 

LC made a late rally last Friday. Big gap between bid and ask...hmm

Now checking other markets. My goodness!

DOW -2.2%

BUT

Gold

1,626.00

63.40

+4.06%

 

This simply explains the rally of LC.   

 I am calling for my BC and UPM to follow the fever on Monday. 

-------------

The famous line the greatest NBA player has quoted after his resignation, "I'm back"

That does not mean I am going back to where I have just been.

I just have my freedom back; long since has been taken from me.

Freedom is everything. Security is suffocating.

Viva la libertad!!!