Awarded the Bath Plug of Merit for Financial Achievement
Whilst not the most spectacular success in the Paper Tiger Investment Portfolio neither is it the worst.
I appear to be on a nice little capital gain that is beating the bank plus I have had 11c after tax in dividends in the last year, though that as a one-off element to it and I am not expecting that to be maintained.
Hoping that steady and uneventful progress is the future.
Best Wishes
Paper Tiger
A nice day to release nice results
Real earnings of $0.11 a share, aiming at $0.12 >> $0.13 next year - Nice.
Cash-flow - nice.
Dividend - nice.
It can stay in the portfolio.
Best Wishes
Paper Tiger
Tapping in to a little reverse flow
Quote:
Originally Posted by
percy
Much more downward pressure, and the sp will be down the plug hole.
Share price at $1.27 is below the 100 day EMA $1.29, and the 200 day EMA $1,28.
and at $1.30 it is now back above any reasonable EMA you care to name.
Always be wary of being chain-sawed out of a stock.
Best Wishes
Paper Tiger
I will miss them a little bit
Sold my Methven shares for $1.29 this week and thus have no financial interest in them any more.
So the result does not look too flash on the surface and the prognosis for full year is definitely not that flash.
Hopefully things will be 'flasher' next year.
Best Wishes
Paper Tiger
Maybe this will ease your concern.
Quote:
Originally Posted by
percy
Yes still concerned.
Hopefully the first one fails.
Should it turn out successfully. my concerns will increase,as it will lead to a big disaster eventually.
My understanding is that the retail shops planned in China do not carry the risk of a traditional roll out of retail shops.
MVN has a partner in China, this partner takes the responsibility of the real estate, MVN responsibility only goes as far as stocking it with their products.
So no commitment for leases or even rent. Not a common business model I am aware of.