Wednesday, January 04, 2012

The Main Streeter Portfolio

The Main Streeter Portfolio (31 December 2011) 

There has been no change in the portfolio composition. One of the main reasons is that the Eurozone debt crisis has yet to play out completely and there is still much uncertainty. This is not to say that this portfolio has been converted into a market-timing one. The trouble with such massive uncertainty is that, it does affect the intrinsic values on some of the stocks. Common sense would suggest waiting for a more favorable entry point. The period for maximum excitement is upon us.

Nonetheless, the price of Harrisons Holdings jumped up to RM3.40 from October to December. Its year-to-date earnings for three quarters ended 30 September 2011 was roughly the same as in 2010.

30 Sep 2011
Current Market Price: RM3.05
Cash Balance: RM90,048.48
NAV per share: RM1.0225

31 Dec 2011
Current Market Price: RM3.40
Cash Balance: RM90,048.48
NAV per share: RM1.0365

Disclaimer: All company analyses, including the paper portfolio that appear in this newsletter are derived from facts gathered from various sources and the contributors' personal opinions and for education purposes. It is NOT an invitation to deal in securities, and especially not a recommendation for buying or selling any stock. The contributor(s) do not guarantee the accuracy of the facts being presented. The accuracy of such facts are only as reliable as the sources that they are obtained from. Please consult your investment advisers before acting on any information provided by the analyses here. The authors most likely have interests in the stocks that are discussed in this website.

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