Nov.29- Babypalooza bazaar at Ateneo campus

I won't be able to monitor my picks, PCOR and WEB

bot again WEB at 14.02 and quite surprisingly the buy back operation of PEP did not happen today. I will leave my web to where the traders would want the price to be. I believe the buy back operation will still continue next week- not monitoring web tomorrow will be ok. 

PCOR had a smaller volume than yesterday...though managed to settle somewhere near my entry price. I guess its uptrend is halted by psei pullback after 4 consecutive days of green- not monitoring

note: will add position when 11.00 is breached

My location tomorrow will be in Ateneo campus. I will be supporting my wife who has a stall at the Baby Palooza Bazaar: 

Walter Hogan Conference Center Ateneo de Manila University, QC 

Nov. 30 , 2012 9am-5pm

Early weekend for me. Have a great weekend everyone!

Ciao

P.S. Nov 30 is Bonifacio day..It was a no trading day.

Nov. 28 The next stock- PNX

The "next stock" I was referring to in my previous blog entries is PNX

Earnings:
1Q-190M 
2Q-15M
3Q-252M (Chelsea in the house)

Annualised earning: 610M
EPS 0.826

I may opt to get PE of PCOR at 13x for my target price

0.826x13= 10.74

However, I would want to "trade it with less to no harm"- bravorat tagline.

I would rather consider PE12x

0.826X12 = 9.9pesos

Chart wise 9.9 will be the resistance. I will simply post GTC sell order at 9.90

BUT
Fresh news just came up:

DOJ dismisses smuggling case vs Phoenix Petroleum

well it's a different thing now..once 9.9 is breached I will have to convince myself to double (should my account permits) my position for the next catalyst coming MARCh- the much awaited stock/cash dividend

I think this time is the right time to position considering good news around.


Tradings executed:
Sold WEb
Sold TEL

traded with no harm =)

bot PCOR

Caveat

Nov.26 stock updates for the week

Sold FJP for a decent profit last week. will need more fund for the next stock- as disclosed before.

" next stock" should give me still 10% upside. It has gone up 5% already. Previously looking forward for 15% but it has moved since...

Respecting technicals to complete my position.

PCKH-  momentarily sold my position to fund my grocery/shopping for this week. Filling up withdrawal form for that matter.

Action: Re-posting GTC buy at 7.40 - as disclosed before. I believe many will still check its 4Q earnings to cement yellow cab position as positive earning contributor to pckh..as my good friend suggested, this is for 2013.

Trading plans:

-Sold all WEB last Friday. bot again now at 13.50.. will be out this afternoon. I won't be able to monitor this.

-No plans on ATNB. I think I'm lost and out of control. To consider a longer horizon of positioning may buoy up some of hopes..

Nov. 22 ATN Holdings ASM

When I arrived at the venue the security guard told me that I have to leave my bag. One old man overheard it and started the commotion..and the area was filled with why before, why now... why everywhere?

After the old man whined to a certain organizer, they finally allowed bags inside. And we stormed our way in...

My eagerness to attend such meeting was to observe how ASM is conducted and of course to get vital information for my investing decision.

ASM points:

I presumed it was MR.NG since he held the mphone the longest. (they didn't put names on the panel) He was whispering his reports.

To my best of my understanding here are some info I can share:

Disclaimer:

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

-Fiscal year to change from 2nd thursday of July to any day 2nd week of Nov.
-slide showing numbers comparing 2012 to 2011. The number is not lying, 2012 decreased. Well, same numbers in the Quarterly reports

-Retained Earning shows it is able to give out 2% of stock dividends
-another slide showing a diagram of Renewable Energy for LBI (listing by Introduction to PSE) On Grid Solar PV projects
-Another slide 320 H land for Solar PV plant. In this slide Mr. Ng said, this will give ATN 40 years stable and steady cashflow.
-Another slide a photo with solar panels installed. I now asked myself, have they started? while estimating the area covered, solar panels should cover at least 2 hectares of land..Quite interesting. BUT I call someone's attention this time. I discreetly asked one lady if construction has really started...She said, that is only a sample photo of how solar panels look like...but the company is on negotiation..
NOw, what do you want me to say...I said, OK.

-Another slide a photo of Abdul Aziz of TBGI taken somewhere in middle east and a photo with Pres Aquino.

Here comes Lunch time...

Surprisingly, there were nurses, employees, and few from different walks of life whom I didn't see during the course of the meeting, where now on the queue for food. Well, the security guards didn't miss the feast...It's more fun!

I observed another thing...might be the reason why they disallow bags inside. 

I didn't leave empty handed coz I learned many things! on the other hand I am losing too much in my ATNB

I may not attend a free luncheon next year for that matter =)

Bouna Notte

Nov.17 Updated monitoring plans based on 3Q Reports

EG-   sold all 0.030 broken

PRIM- They have until feb.6 2013 or company life is over. Ongoing efforts to find a white knight and the chances are getting slim.

action: continue monitor

LFM- I was looking forward to an improve income 60M for 3Q. voila! 88M
EPS now at 5.76 but I am bound to remain at conservative price PE8x and that is 46. Checking the current price, someone had already priced it in. However, a confused soul sold it down.  Buy it up baby! One more push and that is the announcement of dividend anytime soon..

If they are playing with LFM, I have RFM as my target with PE25x (same biz)..that will make LFM 144pesos!!!
Warning: very illiquid

action: not for sale. just keep for divs

PCKH- 3Q earning is not that attractive but rather expected. yellow cab is in the team.. PE remains at 20x and it reflects the current price at 8.50pesos.. still willing to buy below 7.40pesos.. waiting for a bigger picture in 2013. Expansion in the middle east ongoing.

action: add any price below 7.40pesos

REG-  Historic PE11x at 9M earnings and current price at 2.60 is fair. Not so liquid.

action: add any price below 2.08 (PE8x) a buying frenzy for me

FJP-  My note before was to check intently on the 3Q earnings. I am torn between two incentives...The gain from divs or gain from getting rid of it.
Bottomline, I will need funds for my next stock.

Current price 2.79 at PE28x..quite high but seems ok for me. Dividend yield is 5% at my aep.

In the meantime, FJP will have to ride with the technical first while the chart seems bullish.

action: monitor for technical play. MACD and STS is re-curving with increasing (not heavy) volume of buys

ATNb-  will be attending Annual Stockholder's Meeting come Nov. 22
looks like 3Q numbers of ATN is "improving"..lesser losses mean further preservation of retained earnings.

too deep to cutloss.

Legal issues still anchoring the progress for inside parties.

action: monitor for confirmation on change of trend.  

MARC-  Requested to PSE for an extension to file 3Q Report.

Bravorat is sniffing a good cheese to nibble. waiting for a better entry- respecting technicals although price now is good.

I have a conservative 15% upside to my target price based on the 3Q performance. I will disclose when I have completed my position.

Have a good weekend!

nov.15 3Q Financial statement for my picks

I was out for four (4) days for my maritime trainings in Cavite..I took Offshore Emergency Helideck Team Member (OEHTM) for the 2nd time. The latter is a pre requisite training to getting the Offshore Helicopter Landing Officer OHLO which I will take next week on the same place. 

Back in my crib with an investor mindset, I got 3 shot glasses of Blue Label to celebrate the completion of the training. Well I need to sedate myself before I read FS of my selected picks. 

Saw two of my picks went up (less volume though) LFM and PCKH. I presumed this is triggered by their improve 3Q earnings. After this short entry for this day I will start to read FS of my picks and come back with some analyses and will prepare my investing plans.

At the moment, MARC and FJP requested to PSE for extension to file form 17-Q (Quarterly Report)

Nov.6 buy back on EG

Previous blog entry:
For trading: 

EG just dropped 15% with relatively lesser volume compared to vol on run up. If 0.044 holds, will buy.. otherwise, ready to buy 0.039..
remaining shares remains for show-good-performance stock 

Saw again EG down 12%..with 0.039 monitoring price I was ready to spare some fund for initial buy back..bot at 0.035 aep now at 0.033. Closed at 0.033

Chart:

-increasing vol of sellers..i supposed price could continue to go down. 

-MACD and STS direction south

-trend is down

-4th day red

why did I buy?

-stop loss at 0.030

-recent run up to 50% opened at 0.032

-current price at critical level..sitting somewhere 30/50 MA

-Heading to north or south

-sentiment is fear

-I am betting for profits...EG is a candidate for a bounce.

Plan:

North- sell what I bought at 0.035

South- cutloss at 0.030

Nov. 5 stock monitoring for this month

I am still here in Turkey and so excited now to go home again after one month out of the country..Every trading day, I had never missed to check on my picks on how they are doing. I have said before that I am opt to stay in investing mode due to my nature of work- I can't trade actively. So far so good...and it seems this system works well for me.

Since I left home...

LFM-is still waiting for declaration of divs..at the moment price is already below my purchase price..but price is already at PE8x..I consider this as support

REG-was quite a gain. left half of my position for divs..waiting to receive it on the 22nd of this month.

EG-left minimum board lot for my radar..in short, sold all out for a hefty gain.

FJP- always checking now an alert in my email for divs pay-out from my broker..divs is on the way to my account. Last week, it went up to 3.5 (35%+) only to settle somewhere on a safety speculative level from its psycho support held by trader/s with extra cash.

Eagle eye now on PRIM...here's why

thoughts on PRIM from previous blog entry

In 2 days time I'll be home soon...back to my active trading days..where time and days pass unnoticed..where there is more life and love around. 

Good luck..it's time to çıkış from here!
and giriş back to where I belong!!

note: 
çıkış- exit
giriş- entrance

*first words caught my eyes when I stood before Neomarine Mall in Tuzla, Turkey