Been busy with studies so this blog dropped down in the priority list for a while. During the break I have made only one trade, buying 2000 shares in Lloyds Banking Group (LLOY) at 47 pence on the 23rd of January. Currently the share is trading at 91 pence but the intent is to hold it long term rather than cash in. I'll revisit this once results are published, but my expectation is that a sale in 2010 or 2011 would be much more profitable than a sale now.
One of my earlier purchases, RCG, has now been introduced on the Hong Kong exchange. This has been a long time coming and appears to have been a good move for the company, with the share price increasing rapidly to 23 HKD. The London listing is also climbing, with the price right now sitting at 77 pence. Clearly I started buying the share too early, but overall my holding of 5000 shares is up 27.8%. Those who bought in at the bottom will have more than doubled their money.
Thought for the future: what other Chinese companies on AIM might benefit from a Hong Kong listing?
Wednesday 11 February 2009
Subscribe to:
Posts (Atom)
Posts
