Since my post on 29 dec, Federal had shot up to a high of 4.9 cts. Currently it has stabilised at around 3.9 to 4.1 cts per share.
At the time of my post, Federal was trading at 2.8 cts. I had a hugh position as i was quite sure that it was worth more, but to safe guard my investment i had sold off 40% of my holding at an average price of 4.0 per share giving me a return of 42.8%.
I have no intention of selling the balance of my 60% n intend to wait until the stock exit SGX watchlist status. I still see value in the stock given that it's book order has increased to S$70 mil. At the time of my post it (the book order) was only S$38 mil. To see why I see value in the stock, pls read my earlier posts on the same thread.
Above is just an update for those who follow my post.
You may also like to see my posts on Sunningdale Technology n Valuetronics.
Sunningdale is especially exciting as the company is under going very dramatic changes which I deem positively, but one has to be patient with this stock as it's true value may only be realised in year 2014/2015.
Just for sharing n wish all .. all the best !!!
ps : in the stock market nothing is certain and things can always go wrong, so pls trade carefully.
Last edit: 10 years 10 months ago by josephyeo. Reason: correction on some points
Thank you öntheball" for your encouraging note. Really appreciate it very much.
ontheball wrote: Hi JosephYeo,
Thanks for your very useful posting about the 5 companies you are invested in. I read it with great interests and after a little research of my own, decided to buy some shares of Federal yesterday. I like the company's compelling turnaround performance. The announcement of the latest sales order is very positive and timely.
Once again, thanks for sharing your insights and keep up with the great work. Let's hope that the SGX release the company from it's watch list soon. Looking forward to your future postings.
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