ASSI 1Q 2011 Quarterly Report.

ASSI had 32,200 unique visitors in the month of January 2011. In the following month, the number reduced only a tad to 31,815. Given the fact that February is a short month, the average number of unique visitors per day actually increased. In March 2011, the number of unique visitors saw a spike to 40,832 while the number of returning visitors also formed a new high of 20,554. In all three months, ASSI registered more than 1,000 unique visitors a day on average.

Comparing the quarterly numbers since January 2010, 1Q 2011 has the best showing. Page loads increased from 78,184 to 161,049 year on year for a 206% increase. Number of unique visitors increased from 39,151 to 104,847 year on year for a 268% increase.

Quarter on quarter, page loads increased from 147,742 to 161,049 for a 9% increase. Number of unique visitors increased from 88,558 to 104,847 for an 18.4% increase. Returning visitors increased by 18.2% as well, quarter on quarter.

I enjoy blogging since discovering it in late 2009 and would probably continue doing it just as a pastime. However, such strong readership numbers provide me with that extra motivation to blog regularly. I am only human and respond well to positive reinforcement. Thanks to all regular readers for spreading the word and a hearty welcome if you are new to my blog.

Related post:
ASSI 2010 Annual Report.

Healthway Medical: 1 for 8 rights issue.

I just went to an ATM to subscribe for the rights by Cambridge Industrial Trust earlier this evening. Now, I have another rights issue to contend with. Healthway Medical is also having a 1 for 8 rights issue. See announcement here. The rights will be priced at 7.5c per piece.

On 2 March, I suggested that no investor would put money in the company at 14c per share because it was trading at a PE ratio of 100x! I also said that "Immediate support is at 13.5c but if this were to break, we could see 12.5c next." Its share price went on to test 12.5c for 7 sessions later in the same month. Price closed at 13.5c today.

Technically, the counter is still in a downtrend and this is defined by the 50dMA which coincides with the trendline resistance. Resistance is currently at 14c. The MACD is rising in negative territory and it looks like it could cross into positive territory if the strong momentum of late continues. Does this mean that, for some reason, market participants like the rights issue which is heavily discounted?

What would I do? I still have a small investment in the company. Fundamentally, it does not make sense to throw more money into a weak business. Technically, unless I see some hints of a reversal, I won't bother going in either. So, I could simply sell away the nil-paid rights and sit this one out.

Related post:
Healthway Medical: 4Q 2010 results.