PCRT: St. James' RTO.

I feel that this is a good email correspondence to share because it shows how I look at my investments as to whether they are good to hold or divest.

Hi AK,

 

When last and first we exchanged descriptions of owners on the subject of first time car buyers, your thought of "obscene" seems appropriate now, including "greedy" and "grasping" (my opinion) on the issue of St. James' reverse takeover of PCRT.  Having been allocated a fair number of lots of PCRT at IPO and watching the price go down through the years has been painful for a retiree.  The dividends received so far has at least eased the loss.  With this latest development and a call to downgrade/sell the stock, I'm wondering if I will be stuck with a dud share for many years.

... Would you be so good as to comment on PCRT/St James and give some words of wisdom and perhaps comfort to shareholders like me?

Thanks so much.

 

AH

 

 

My reply:

 

Hi AH,

I have divested my remaining stake in PCRT and blogged about it. You might want to read the blog post, including the comments that follow. Search for "PCRT: Full divestment."

Try to recall what was your motivation for investing in PCRT and ask yourself if it still does the job you expected it to do. If it does not, what should you do? What if it does? I think you will have your answer then. :)

Best wishes,
AK

 

Related posts:

1. PCRT: Full divestment. 

2. Motivations and methods in investing.

Hotung, Venture and Singpost.

Hi Ak,

I was looking for high dividend yield coys for investment. Three coys caught my attention. What is your view about hotung investment, a Taiwan based VC. I understand the coy is in a net cash position, and been giving consistent dividend about 7 to 8%. Why the price of the stock is undervalued and at a discount?

The other two are venture corp and sing post.

Venture corp - a well managed coy providing consistent high dividend yield. Recovering from poor performance, and has added a new product mix - 3D printing. Do expect the coy to continue giving consistent good dividend.

Sing post, reasonable dividend yield, giving quarterly dividend. A coy that may grow with e- commerce which has growth potential.

Will you consider adding these coys to your portfolio? If yes or no, why?

Thank you for your time. Enjoy reading your blog.. which is getting more and more popular.

Cheers
P

My reply:

Hi P,

I know nothing about Hotung and Venture. :(
However, thanks for pointing them out to me. I will look at them if I find the time and inclination to do so. In the meantime, if you would like to guest blog your analyses, you are welcome to do so. :)

As for Singpost, yes, I have looked at it. I want to make sure that its efforts in diversification will work out. I think it is still early days and, so far, its efforts has burnt a lot of cash. We are seeing revenue improvements but at the expense of margins. We will really need a bigger volume in a lower margin business. Will we see the volume? I think the jury is still out on this one.

Best wishes,
AK

If anyone has any thoughts on these three stocks, please share generously. Thank you.