myinvestingnotes.blogspot.my (Bullbear Buffett Stock Investing Notes)

Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.

Saturday, 22 April 2023

Salutica share price had a big drop after having increased from RM 0.375 to a high of RM 1.72 over 13 days from 31/3/2023.

Date	Adj Close Price	Volume
3/1/2023 12:00:00 AM	0.26	122,800
4/1/2023 12:00:00 AM	0.255	112,200
5/1/2023 12:00:00 AM	0.255	469,000
6/1/2023 12:00:00 AM	0.25	129,700
9/1/2023 12:00:00 AM	0.255	1,733,000
10/1/2023 12:00:00 AM	0.255	62,000
11/1/2023 12:00:00 AM	0.25	312,100
12/1/2023 12:00:00 AM	0.255	666,500
13/1/2023 12:00:00 AM	0.26	421,600
16/1/2023 12:00:00 AM	0.26	221,200
17/1/2023 12:00:00 AM	0.28	5,650,900
18/1/2023 12:00:00 AM	0.275	596,300
19/1/2023 12:00:00 AM	0.275	425,100
20/1/2023 12:00:00 AM	0.27	507,100
25/1/2023 12:00:00 AM	0.275	674,300
26/1/2023 12:00:00 AM	0.295	4,067,600
27/1/2023 12:00:00 AM	0.295	873,300
30/1/2023 12:00:00 AM	0.285	1,744,400
31/1/2023 12:00:00 AM	0.3	5,086,600
2/2/2023 12:00:00 AM	0.33	6,305,400
3/2/2023 12:00:00 AM	0.335	4,915,400
7/2/2023 12:00:00 AM	0.315	1,166,300
8/2/2023 12:00:00 AM	0.295	1,853,000
9/2/2023 12:00:00 AM	0.3	739,200
10/2/2023 12:00:00 AM	0.315	1,443,900
13/2/2023 12:00:00 AM	0.305	960,400
14/2/2023 12:00:00 AM	0.3	516,200
15/2/2023 12:00:00 AM	0.285	1,524,500
16/2/2023 12:00:00 AM	0.295	528,000
17/2/2023 12:00:00 AM	0.295	112,800
20/2/2023 12:00:00 AM	0.29	222,000
21/2/2023 12:00:00 AM	0.28	883,700
22/2/2023 12:00:00 AM	0.275	224,000
23/2/2023 12:00:00 AM	0.28	83,500
24/2/2023 12:00:00 AM	0.28	322,600
27/2/2023 12:00:00 AM	0.245	7,673,800
28/2/2023 12:00:00 AM	0.24	1,040,200
1/3/2023 12:00:00 AM	0.24	560,400
2/3/2023 12:00:00 AM	0.24	376,200
3/3/2023 12:00:00 AM	0.24	1,895,200
6/3/2023 12:00:00 AM	0.245	204,500
7/3/2023 12:00:00 AM	0.25	259,700
8/3/2023 12:00:00 AM	0.25	296,900
9/3/2023 12:00:00 AM	0.255	171,400
10/3/2023 12:00:00 AM	0.25	345,200
13/3/2023 12:00:00 AM	0.245	348,100
14/3/2023 12:00:00 AM	0.25	518,700
15/3/2023 12:00:00 AM	0.25	85,500
16/3/2023 12:00:00 AM	0.255	190,500
17/3/2023 12:00:00 AM	0.265	195,200
20/3/2023 12:00:00 AM	0.26	215,700
21/3/2023 12:00:00 AM	0.26	219,000
22/3/2023 12:00:00 AM	0.255	137,600
23/3/2023 12:00:00 AM	0.255	69,900
24/3/2023 12:00:00 AM	0.26	54,900
27/3/2023 12:00:00 AM	0.245	86,400
28/3/2023 12:00:00 AM	0.25	40,000
29/3/2023 12:00:00 AM	0.29	2,923,500
30/3/2023 12:00:00 AM	0.285	663,800
31/3/2023 12:00:00 AM	0.375	33,136,100
3/4/2023 12:00:00 AM	0.395	10,750,900
4/4/2023 12:00:00 AM	0.495	37,114,600
5/4/2023 12:00:00 AM	0.46	26,555,700
6/4/2023 12:00:00 AM	0.555	25,778,300
7/4/2023 12:00:00 AM	0.555	12,681,300
10/4/2023 12:00:00 AM	0.68	50,511,800
11/4/2023 12:00:00 AM	0.715	22,859,300
12/4/2023 12:00:00 AM	0.765	37,209,300
13/4/2023 12:00:00 AM	0.875	32,863,300
14/4/2023 12:00:00 AM	1.09	56,461,800
17/4/2023 12:00:00 AM	1.41	41,578,500#
18/4/2023 12:00:00 AM	1.65	60,618,300
19/4/2023 12:00:00 AM	1.16	65,105,300
20/4/2023 12:00:00 AM	0.815	100,220,300

# 17.4.2023 Salutica received UMA query

2023-04-17

Blog

Salutica Highlights Legal Dispute With Apple Malaysia in UMA Reply; Share Price Spikes 29%

2023-04-17

Blog

Salutica Gets UMA Query as Share Price Hits Highest in Over Five Years

Salutica's business has faced challenges over the recent years. The company has been having losses for a few quarters. Its revenues have contracted markedly. Accordingly, its share price too has fallen over the last few years.

Its stocks had traded around 25 sen to 30 sen per share in recent past. This counter had seen trading volume of less than 1 million shares on most days, with occasional infrequent spikes in its daily volumes of shares traded.

Short term traders would probably had been drawn to this stock on 31/3/2023 when the volume of shares traded was a high of 33,136,100.

For the next 13 trading days, the traded volumes for this stock were high, between 10,750,900 to 60,618,300 on 18/4/2023 when its share price was the highest at RM 1.72 per share. It closed on 18/4/2023 at RM 1.65 per share.

On 19/4/2023 and 20/4/2023, its share price dropped severely to close at RM 0.815 per share on 20/4/2023. The volume traded on 20/4/2023 was the highest to date of 100,220,300 shares.

SALUTE Financial Information

20/4/2023 Price per share RM 0.815

Market Capital (RM)	: 347.60m	EPS (cent)	: -1.94
Number of Share	: 426.50m	P/E Ratio	: -

Additional related reading:

https://myinvestingnotes.blogspot.com/2011/04/penny-stocks-pump-and-dump-sell-to.html?m=1

SUNDAY, 3 APRIL 2011

Penny Stocks: Pump and Dump (SELL TO SUCKERS)

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My 18 points guide to Successfully compounding your money in Stocks

Be a good stock picker.
Think as a business owner.
Always look at value rather than the price. Do the homework.
Buy and hold is alright for selected stocks.
Compounding is your friend, get this to work its magic.
Mr. Market is there to be taken advantage of. Do not be the sucker instead. BFS;STS.
Always buy a lot when the price is low.
Never buy when the stock is overpriced.
It is alright to buy when the selected stock is at a fair price.
Phasing in or dollar cost averaging is safe for such stocks during a downtrend, unless the price is still obviously too high.
Do not time the market for such or any stocks.
By keeping to the above strategy, the returns will be delivered through the growth of the company's business.
So, when do you sell the stock? Almost never, as long as the fundamentals remain sound and the future prospects intact.
The downside risk is protected through only buying when the price is low or fairly priced.
Tactical dynamic asset allocation or rebalancing based on valuation can be employed but this sounds easier than is practical, except in extreme market situations.
Sell urgently when the company business fundamental has deteriorated irreversibly.
You may also wish to sell should the growth of the company has obviously slowed and you can reinvest into another company with greater growth potential of similar quality. However, unlike point 16, you can do so leisurely.
In conclusion, a critical key to successful investing is in your stock picking ability.

http://myinvestingnotes.blogspot.com/2012/07/my-18-points-guide-to-successfully.html

11 Lessons From Peter Lynch

Peter Lynch taught me:

1. Behind every stock is a company. Find out what it’s doing.
2. Never invest in any idea you can’t illustrate with a crayon.
3. Over the short term, there may be no correlation between the success of a company’s operations and the success of its stock. Over the long term, there’s a 100% correlation.
4. Buying stocks without studying the companies is the same as playing poker – and never looking at your cards.
5. Time is on your side when you own shares of superior companies.
6. Owning stock is like having children. Don’t get involved with more than you can handle.
7. When the insiders are buying, it’s a good sign.
8. Unless you’re a short seller, it never pays to be pessimistic.
9. A stock market decline is as predictable as a January blizzard in Colorado. If you’re prepared, it can’t hurt you.
10. Everyone has the brainpower to make money in stocks. Not everyone has the stomach.
11. Nobody can predict interest rates, the future direction of the economy, or the stock market. Dismiss all such forecasts and concentrate on what’s actually happening to the companies in which you’ve invested.

Lynch’s advice had a profound effect on my stock market approach. He taught me that investment success isn’t the result of developing the right macro-economic view or deciding when to jump in or out of the market. Success is about researching companies to identify those that are likely to report positive surprises.

Capital Expenditure

A great company with a Durable Competitive Advantage will have a ratio of Capital Expenditures to Net Income of less than 25%. Less is better.

Capital Expenditures are expenses on:
- fixed assets such as equipment, property, or industrial buildings
- fixing problems with an asset
- preparing an asset to be used in business
- restoring property
- starting new businesses

A good company will have a ratio of Capital Expenditures to Net Income of less than 50%.

A great company with a Durable Competitive Advantage will have a ratio of less than 25%.

Less is better.

Benjamin Graham's 113 Wise Words

The true investor scarcely ever is forced to sell his shares, and at all times he is free to disregard the current price quotation. He need pay attention to it and act upon it only to the extent that it suits his book, and no more. Thus the investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage. That man would be better off if his stocks had no market quotation at all, for he would then be spared the mental anguish caused him by other persons' mistakes of judgement."

Philip Fisher's Wise Words

"The refusal to sell at a loss, while completely natural and normal, is probably one of the most dangerous in which we can indulge ourselves in the entire investment process.

More money has probably been lost by investors holding a stock they really did not want until they could 'at least come out even' than from any other single reason. If to these actual losses are added the profits that might have been made through the proper reinvestment of these funds if such reinvestment had been made when the mistake was first realized, the cost of self-indulgence becomes truly tremendous."

(Common Stocks and Uncommon Profits)

The Ultimate Hold-versus-Sell Test

Here is the overriding primary test, followed by observations on why it is so critically important:

Knowing all that you now know and expect about the company and its stock (not what you originally believed or hoped at time of purchase), and assuming that you had available capital, and assuming that it would not cause a portfolio imbalance to do so, would you buy this stock today, at today's price?

No equivocation. Yes or no?

Answers such as maybe or probably are not acceptable since they are ways of dodging the issue. No investor probably buys a stock; they either place an order or do not.

Here is the implication of your answer to that critical test: if you did not answer with a clear affirmative, you should sell; only if you said a strong yes, are you justified to hold.

Some thoughts on Analysing Stocks (KISS)

Ideally a stock you plan to purchase should have all of the following charateristics:

• A rising trend of earnings dividends and book value per share.
• A balance sheet with less debt than other companies in its particular industry.
• A P/E ratio no higher than average.
• A dividend yield that suits your particular needs.
• A below-average dividend pay-out ratio.
• A history of earnings and dividends not pockmarked by erratic ups and downs.
• Companies whose ROE is 15 or better.
• A ratio of price to cash flow (P/CF) that is not too high when compared to other stocks in the same industry.

Margin of Safety Concept: Stocks should be bought like groceries, not like perfume

The high CAGR in the early years of the investing period, due to buying at a discount, tended to decline and approach that of the intrinsic EPS GR of the companies over a longer investment time-frame.

Chapter 20 - “Margin of Safety” as the Central Concept of Investment

A single quote by Graham on page 516 struck me:

Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

Basically, Graham is saying that most stock investors lose money because they invest in companies that seem good at a particular point in time, but are lacking the fundamentals of a long-lasting stable company.

This seems obvious on the surface, but it’s actually a great argument for thinking more carefully about your individual stock investments. If most of your losses come from buying companies that seem healthy but really aren’t, isn’t that a profound argument for carefully studying any company you might invest in?

myinvestingnotes.blogspot.my (Bullbear Buffett Stock Investing Notes)

Saturday, 22 April 2023

Salutica share price had a big drop after having increased from RM 0.375 to a high of RM 1.72 over 13 days from 31/3/2023.

SALUTE Financial Information

SUNDAY, 3 APRIL 2011

Penny Stocks: Pump and Dump (SELL TO SUCKERS)

No comments:

All equity security investments present a risk of loss of capital

The Ultimate Hold-versus-Sell Test

Some thoughts on Analysing Stocks (KISS)

Benjamin Graham

Sell the losers, let the winners run.

Investment Style

Warren Buffett

Political and Economic News

Interesting Blogs