Friday, 6 September 2019

2019- Do Not Long List

I first published a Do Not long list nearly 2 years ago (here)

What are the values i look into for such counters....
  • always declare big contracts/deals but don't pay Dividends/ its so low till might as well dont give.. dubious type
  • counters that are on long term decline.... drop in price & DPU year-on-year. always have an "explanation"...
Over time, these counters have shuttered ... see MIDAS, Yuuzoo, noble... or proved me right HPH trust (dropped from STI) 

refreshing myself, and keeping it as a reminder..
  • HPH Trust. mentioned earlier that the yearly DPU drop and always give some excuses. pls look for other better yielding counters.
  • Spackman. is there any fundamentals in this company?
    • Makes a bunch of movies...
    • movie suck, lose a lot of money
    • movie don't suck, lose less money
  • Sunpower. Gives out 0.2c dividends which is less than 0.5% yield at today's price, Claims to 
    • have a number of big contracts in multiple Millions of RMB
    • cash in hand of 11.4c
    • EPS of 8.1c 
Just sharing some thoughts of some of these counters.... do your own due diligence

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