Why am I buying Yanzijiang and JES International now

MacGyver wrote: Dear Forummers,

This is not a short term recovery. It takes times. If you have no urgent need for the cash, just buy and leave it there for the next 12 months.

Again, this is NOT a recommendation to buy. You buy at your own risk. If you make money, it is your credit.


MacGyver

you could had said so earlier

YZJ already tanked from around 96c from the time you posted and few months later down 15% at a low of 80c recently

buying at 80c is more appropraite

Always take que from Baltic Dry Index for shipping and shipbuilding stocks.

Baltic Dry Index to Recover From Lows: Expert
www.cnbc.com/id/46451998

Unfortunately, the recovery is painfully slow.

ZEN wrote:

MacGyver wrote:

MacGyver

you could had said so earlier

YZJ already tanked from around 96c from the time you posted and few months later down 15% at a low of 80c recently

buying at 80c is more appropraite

On hindsight, zen can say whatever he want. 马后炮.

Thank you Zen for your criticism.

As mentioned to all forummers previously, you take the risk and credit for the shares you purchased. It is not my responsibility to let you make or lose money.

I am happy with my position. I have no immediate need for the money and I don't watch the market every day.

I know my reasons why I bought these shares. To date, nothing has changed to alter my decision.

Good day to all.


Regards
MacGyver

MacGyver, thank you. Are you talking about YZJ or JES, or both?

JES.

Negatives:

In 1Q2013, gross profit was only RMB6.3 m versus 45.1 m in 1Q2012.

@ net profit level, it was a lot of red ink at RMB92.5 m.

Positives:

13.8 cents stock currently, and JES is trading only at 0.5x Price to Book Ratio.

Net Gearing only 24% as at end of 1Q2013.