Went back to the Greenlands recently...
And it truly made me appreciate how lucky I am in the real world.
It was like being brought back to 8 years ago on the Island of Light... Eww... still give me nightmares thinking about it .
This kind of life is really, really not for me.
I don't get why certain people have to be so hostile. We are only transported back temporarily, for a couple of days. We have no choice, we have no say, we have no rights. All we hope is to complete whatever nonsense needed, then get the **** out of there.
Is there really a need to be critical? To be sarcastic? Or even make enemies?
I guess some people thrive in this kind of environment... but I don't. I really don't like this place. Nevertheless, I don't try to run from it. I do what I can, to the best of my abilities.
I'm not the biggest in size, or toughest, or most knowledgeable, but I do what I can. I don't give people trouble.
Anyway, it's back to reality.
Monday, August 25, 2014
Saturday, August 09, 2014
China Merchant Pacific 2014Q2 Results
Hmm... been 4 months since I started on my investing journey, and I've learnt immensely in this period.
Before, I don't even know that they do things like halt trading before announcing important information. I don't know what's ex-div, cum-div, rights issue, bonus issue, stock-split, etc...
Now, I really feel that I'm a small owner of the company. I subscribed their announcements on proposed acquisitions, contracts and awards, change in ownership and of course their quarterly earning reports. It's quite fun actually.
Anyway....
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CMP just announced their 1st half results.
1. They intend to purchase a new expressway - the 48km "Jiurui Expressway" (江西省九江至瑞昌 高速公路) located in Jiangxi. This will increase their "road assets" from 367km to 415km.
2. The Jiurui expressway is newly opened (in 2011) with promising growth in traffic after the surrounding construction completes from 2014 to 2017. It will provide toll revenue for the next 26 years! (Current charges for using the expressway is 0.45RMB/km.)
3. Addition good news: The company will issue shares at $0.985 (which is a premium to its existing price) to fund the purchase.
4. For Q2 results, toll-road net profit increased by 8%. They've announced an interim dividend of 3.5 cents, which is 27% higher than last year! (That's $35 per lot!)
Before, I don't even know that they do things like halt trading before announcing important information. I don't know what's ex-div, cum-div, rights issue, bonus issue, stock-split, etc...
Now, I really feel that I'm a small owner of the company. I subscribed their announcements on proposed acquisitions, contracts and awards, change in ownership and of course their quarterly earning reports. It's quite fun actually.
Anyway....
-----------------------------------------------------------------------------------------------------
CMP just announced their 1st half results.
1. They intend to purchase a new expressway - the 48km "Jiurui Expressway" (江西省九江至瑞昌 高速公路) located in Jiangxi. This will increase their "road assets" from 367km to 415km.
2. The Jiurui expressway is newly opened (in 2011) with promising growth in traffic after the surrounding construction completes from 2014 to 2017. It will provide toll revenue for the next 26 years! (Current charges for using the expressway is 0.45RMB/km.)
3. Addition good news: The company will issue shares at $0.985 (which is a premium to its existing price) to fund the purchase.
4. For Q2 results, toll-road net profit increased by 8%. They've announced an interim dividend of 3.5 cents, which is 27% higher than last year! (That's $35 per lot!)
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