Wednesday, February 3, 2010

Feb 2010 Speculation Bet.

Target Identified. Scomi Marine.

Current price - 0.475
What to bet - Flying Q4 result on february, demand on coal , oil rising

Why bet this - margin of safety, high nta, low pe, dividend paid every year

Forecast good earning in Q4,consistent earning record. 2005 11.xx, 2006 11.xx, 2007 11.xx, 2008 8.86 , 2009 11.xx

Downside - minimal ( no cut loss, if drop more than 20% and QE result out flying will buy more)
- 10 lot 0.475

Target Price - 0.77

Earning Target - 3k only

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