Exodus: Gods and Kings.

I was invited to a buffet dinner and a movie treat complete with popcorn and Pepsi.

The movie was educational and entertaining at the same time. Although Biblical, I believe that there are certain lessons here which have universal value.

We should treat every human being equally. It doesn't matter what is the color of our skins.

Efforts to enrich ourselves or to make our lives better should not be at the expense of fellow human beings. Unfortunately, examples of "beggar thy neighbour" are rather common and I am sure all of us have tales to tell.

Related post:
The Amazing Spider Man 2.

A nibble at Wing Tai Holdings Limited.

On 22 October, I did an incomplete analysis of Wing Tai Holdings Limited to arrive at what I thought would be a nice entry price. 

Any reader who might have missed that and would like to read it, please see the related post at the end of this blog.

Today, I became a shareholder of Wing Tai Holdings Limited. 

Entry price is $1.655, a 56% discount to NAV and a few bids higher than the $1.64 per share that I mentioned on 22 October.

At this price, I am basically paying for their investment properties at book value, their development properties at a huge discount to valuation and I am basically getting their retail businesses for free. 

I shared some of these numbers in my incomplete analysis mentioned earlier.

Technically, the downtrend is intact but the momentum oscillators are forming higher lows. 

So, it seems that the stock could be forming a base and further downside could be limited. 

The chart shows stronger supports are to be found at $1.59 and $1.55 a share.

$1.55 also happens to coincide with the low formed more than 2 years ago on 15 November 2012.

Related post:
An incomplete analysis of Wing Tai Holdings.