Exited PC Partner Group Ltd (HKG:1263)

I sold the position in PC Partner Group this week, as the share is now trading at around NCAV. It may still have ways to go, but rules are rules…

I entered at 0.75$ and got one dividend of 0.035$. The sale price was 1.68$ so the total gain landed at circa 120 % in HK$. I bought the share amidst the China stock-market chaos in mid 2015.

After a lot of volatility it’s nice to be able to close a position with gains.


Entered CosmoSteel Holdings Limited (SGX:B9S)

A quantitative pick from the Singapore Exchange. A distributor of piping and steel components to the energy, marine and infrastructure sector. Beaten down by low oil prices. Long history and seemingly shareholder friendly. Price: 0.116. NCAV: 0.37.