Friday, October 1, 2010

Turtle Portfolio Update

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Turtle accepted take over offer from AK on Tanjong for 21.80/share, cash is in-transit now. Proceed from Tanjong sales and current cash on hand are pushing my cash level to about $17,248 or close to 48%. I am still waiting for opportunity to deploy cash.

Remember Sell in May and Go away? May is one of the better time to off-load and traditionally, October is a scary month but also one of the best opportunity for bargain hunt. A general rule will remain as a general rule, still have to monitor the actual events.

1 comment:

Shien Yang said...

Hi, Mr Turtle,
Since you are looking for under-valued stocks. I would like to point out to you that Kumpulan Fima looks like an interesting company.
Have a look at their latest annual report.
For the last 5 years, the company has been growing its earnings and paring down its debt. Balance sheet is looking healthy and the cash flow is very strong.
The stock is trading at 5x historical P/E and it is in net cash position.