Hello Pezz, Yesterday's Report: bought a starter stake in Sasol, a South African carbon-chemical company with technology transforming coal into petroleum, paying 4% dividend, and in negotiation with China on coal resource exploitation.
Today's Report: sold my starting stake in Newcrest Mining of Australia, dumping an evil gold hedger. Purchased China National Offshore Oil Co, China Shipping, CK Life, Hutchison Whampoa, Li & Fung, Shanghai Industrial, Shangri-la Hotels, Sinopec, and Tom.com in Hong Kong.
The Hong Kong shares are either new positions or “average-up” doubling of existing position at 6-8% premium to purchases of same shares a week ago.
As you see, I am methodically putting my Japanese Yen loan to good use.
Chugs, Jay |
