These were the articles I had wanted to share when it was around 3.5cts.
http://www.theedgesingapore.com/blog-heads/kang-wan-chern/16933-kang-wan-chern-berlian-laju-tankers-badly-timed-expansion-moves-leave-investors-cold.html#
http://www.nextinsight.net/content/view/1963/60/
http://www.nextinsight.biz/content/view/1513/79/
http://www.nextinsight.biz/content/view/1521/79/
I shall just summarize my thoughts in points...
Why I bought last time:
Listen to others :x
Why I keep:
New Indonesian Cabotage law that will benefit Berlian Laju greatly
==> Berlian Laju is the greatest beneficiary in my opinion
2nd biggest chemical tanker operator in the world
Below NAV
Why I will sell eventually:
I don't like the management issuing rights so many times
Bad financial management
Corporate bonds offering 10% coupon. Wow so high! ==> Indicates high risk?
Why I might keep in the future:
Berlian could spin off a shipping trust from itself, and clear it's debts.
Let's see how it goes.
Note: I do not recommending buying it, unlike CIMB.
I wanted to call for buysssss for all the bluechips when STI was 1,500, but I have no time to do so.......
ReplyDeleteI opened comments to anonymous posters as a way for people without any accounts to be able to comment.
ReplyDeleteLC Dev is in my ready-to-sell stock, and I'm not an investor in LC Dev anyway. My position in it is too small to bother me.
I will delete all comments relating to LC Dev by anonymous Commenters as it is totally irrelevant to this post.
Hi Anonymous,
ReplyDeleteThanks for visiting and leaving your sarcasm.
Fact is, I have Berlian Laju way before the recent rise, and I have commented on it before in an older comment when a fellow blogger asked about it. I listed the reasons why I did not sell. I have also listed the reasons why it was a bad purchase in an even earlier post. If you do not even bother to check out what I have written back then, then it just shows on you how shallow and immature you are.
I have prepared this blog post long before, but I was back at reservist and hence did not post out.
It's still a stock I will likely sell eventually. I do not like it, and I do not recommend any one to buy it.