On March 19, I had written about IPC and had made a comparison against other property counters. At that time, the share price had just broken its $0.40 cents barrier and ended at $0.405 the previous day. Before 19 March, it had been trading between $0.30 and $0.37 after netting off $1.60 per share as a result of its capital reduction. Today, its share price is trading at $0.55, an increase of close to 40% after 15 trading days or so. Frankly, I had made a prediction that share price should hit $2.20 and $2.40 (before the capital reduction) or about $0.40-$0.60 per share after the return of $1.60 per share to its shareholders. Unfortunately, my prediction had been too early and I missed my target because the market seemed not ready and, also, that it was a bad time for stocks in general around January 2016. Well, I decided to practice what I preach and I still hold my shares to date. I rather missed my target but gained financially than to listen to the market and sell my shares. At the end of the day, it is always important to make our own analysis and get into a first-mover advantage position and wait for the others to catch up.
I wish you luck.
Disclaimer : The above does not constitute an advice for readers to buy (or sell) the said stock. The contents are the personal opinion of the author who has been in the market for more than 25 years. It is just means of sharing his observation on the stock. The contents are purely for private consumption only as he has no interest in readers’ stock investments. In other words, invest at your own risks!
(1) Investors are advised to do their homework to ensure that the value of the remaining assets are at least not impaired, or better still appreciating.
(2) The market may continue not to recognize the value of underlying assets, and therefore the share price continues to languish even though it had appreciated $0.03 cents or advanced 8% on Friday, 18 March 2016.
Brennen has been investing in the stock market for 26 years. He trains occasionally and is a managing partner for BP Wealth Learning Centre. He is also the author of the book – “Building Wealth Together Through Stocks” which is available in both soft and hardcopy.