How on earth are you valuing this, Robusta? Obviously it is a cyclical, but with the shortages of contracts and lack of transparency of management adding to this complexity, I really do not see how you can even begin to make any reliable assumptions to input into a valuation model. Any sort of mining / industrial services looks over-filled with competition at the moment too. Cost competition is fierce.I fell the bad news is priced into this stock, surely they have to get some orders. Hopefully sooner rather than later.
New Investment Well actually this will be third time around for this one.
MCE - Matrix Composites & Engineering
790 x MCE @ $2.53 = $1998.70
Managed to hit the 52 week low on this one, will be interesting to see if more are to come.
I fell the bad news is priced into this stock, surely they have to get some orders. Hopefully sooner rather than later.
You've made no attempt to hide your transformation from wannabe-value-investor to random-punting-gambler (with particular focus on ex-Roger Montgomery-spruiked stocks)... well done.
Not to mention you are close to fully loaded heading into a Greek crisis that seems to be worse than last year...
You've made no attempt to hide your transformation from wannabe-value-investor to random-punting-gambler (with particular focus on ex-Roger Montgomery-spruiked stocks)... well done.
Not to mention you are close to fully loaded heading into a Greek crisis that seems to be worse than last year...
LOL
Yes robusta seems to be morphing into a bit of a value punter with a splash of contrarian knife catching thrown in....its all a learning experience after all.
But seriously if one is keen on a particular stock (MCE / CKF) then sometimes you just have to lay your money down and back your judgement...regardless of the 1000 voices saying don't do it.
Sooo my stocks dont meet your criteria they must be a gamble is that it?
INVESTMENT SOLD
MCE - Matrix Composites 837 @ $3.66 = $3063.42
Looking at the numbers of MCE it seems I have been guilty of speculation of a bright future, with little evidence that this will occur. I would consider buying again if the price is attractive enough but taking a little back of the previous losses now seems prudent to me.
Yep seems I have been trading and here is news flash, I AM BLOODY TERRIBLE AT IT.
Do you know where the market is going? For me I will pay the price I am prepared to pay, the market can take care of itself, one day it will hit a new high.
How on earth are you valuing this, Robusta? Obviously it is a cyclical, but with the shortages of contracts and lack of transparency of management adding to this complexity, I really do not see how you can even begin to make any reliable assumptions to input into a valuation model. Any sort of mining / industrial services looks over-filled with competition at the moment too. Cost competition is fierce.
What are some of the new evidence that suggest a bright future? Or are you reacting to the price? Look at your transaction records and how you've done when you are reacting to price?
You know quotes like these are only useful for people who are managing other people's money and make an income on their fees. Now go tell the Japanese one day their market will hit a new high.
And since you think my posts on this threads are nothing more than criticisms that are trying to undermine your methods while making myself look good, this will be the last post I make on your thread.
Good luck.
Trading Halt for MCE too. Didn't notice that this arvo. Obviously bad news with the sell-off ahead of the company announcement. Company definitely not something I would touch - but wonder how much more downside?
investment sold
1896 x CKF @ $1.035
The last week I have been tossing and turning, thinking about the debt on the balance sheet. The cash flow should be enough to service the debt but why take the risk? Add to this there are a lot of businesses being priced attractively at the moment without the risk of massive debt/equity.
This exercise has been a bit like flushing almost $100 down the toilet.
And if i had that money (CKF) avalibale today...there's no way in hell id buy CKFit wouldn't even make it on to a short list of 20 stocks!
Robusta - Not sure if you're looking for people to suggest companies to research, but here i go anyway....
Have you checked out DTL? I've been monitoring them for a little while and noticed what I thought was a bit of value presenting itself there quite recently.
(this is by no means a recommendation to buy, just a suggestion to go and research further)
Robusta - Not sure if you're looking for people to suggest companies to research, but here i go anyway....
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