Performance Review On Valuetronic
Shorted Price: $0.53 on 22nd July 2014 (refer to my sell call here)
Target price: $0.34
Buy-Back Price: $0.32 Today
Profit / Loss (after deducting Comm and Script borrowing cost): 63.5% over the tenure of 3 months
Comment:
I have covered all my short position on Valuetronic. It is a bonus that I am able to buy back 2 cents below my target price.
Target price: $0.34
Buy-Back Price: $0.32 Today
Profit / Loss (after deducting Comm and Script borrowing cost): 63.5% over the tenure of 3 months
Comment:
I have covered all my short position on Valuetronic. It is a bonus that I am able to buy back 2 cents below my target price.
I am very satisfy with the high profit of 63.5%, especially considering it was made over a short tenure of 3 months only.
One friend asked me whether I think the current price is a good buy, my answer is no. Even though current price is below fair value, the safety margin is still too small to be of any comfort. Furthermore following the recent deep correction in stock market, there are lots of other opportunities offer much more attractive return per unit of risk than Valuetronic. I would give Valuetronic a miss at the current price.
Cheers.
No comments:
Post a Comment