Sold HWGB @ 0.155

I had sold of all my HWGB @ 0.155 after a dissapointing quarterly report. HWGB reported a lost of -1.61c per share.

I see no potential in this stocks and i dont want to hold and wait for another quarter. The selling price is reasonable , so, i sold off all yesterday.

Selling selling price 0.155
Buying price 0.14
profit 0.015 = 10.7%

After netting off commision, i had 9% reutrn. Frankly sepaking 9 % return over 3 months, is not good at all. Since i am buying this counter to speculate on the improvement of financial result, i had no regret selling it. The result is not good, infact , i shld fell luckly , for i earn 9% over this counter. WB ,Rule 1 and 2 is right. Morale of the story is, buy on margin of safety. If the stocks are in margin of safety even stock cannot delivere our fund will be safe.

Gather some money back to wait for chance to buy in another counter.

HWGB

I was busy with work recently. This is one of the stocks which caught my attention. Can have a look , for speculation play.

mp 0.15
shares 413,226
market value 61.98million
NAV 0.21
current eps Q1= 3.61
FY 2009 eps = -8.5

For 61.98 million it able to do do 162676 business
Assuming Every Quarter Revenue the same 40669 x4 = 162676

Receivable Turnover Ratio= Average TRec / Revenue x365
= 28027 / 40669 x 365 (%4)
= 62.88 days

Trades Recievables not able to net of trade payables
Trade Receivables - Trade Payables = 28027 - 31225
= -ve

Long Term Borrowing increasing from 31000 to 30657
Short Term Borroing incresing from 66031 to 69460


Current Assets - Current liabilites = 86198 - 134259
= -Ve

Cash and Cash Equi= 11769