Hello Pezz, Today's Report:
(a) Readied more readily available cash to buy the dip on paper gold by liquidating some skimpy-yielding time deposits;
(b) I sold half of my Pakistani Hub Power at 13.7 (pay no attention to stationary bloomberg quote), originally purchase noted here ... thus showing a 41% capital appreciation, plus 14.22% net dividend paid this past October, netting 55.22% of half the position and letting the other half of position ride. I am expecting another 14-15% dividend to be declared in February and paid in April, if the station is still standing at that time.
I am selling because Pakistan is Asia's best performing market for 2002, and thus probably not for 2003,
cbs.marketwatch.com
Unlikely as it seems, Pakistan was the Asia-Pacific region's best market performer in 2002. The key Pakistan Karachi Stock Exchange 100 Index soared 92 percent since the start of 2002 and is up 129 percent since Oct. 2, 2001. See full story
... and because enough is enough:0)
Reference Hub Power Trade:
Message 17738578
July 15th, 2002
... directly invested (my investments and speculations has little to do with politics) in the continuing televised success of WAT-WOT-whatnot via the London Stock Exchange ...
and here ...
Message 17742648
July 16th, 2002
... my Hub Power (Pakistani power plant traded in London) got executed, as in bought, at USD 9.75 and below. I am now looking forward to increased WAT-WOT dividend payout over the coming 12 months of say around 30-40% yield. It will be a race against Axis of Evil and the Matrix of Doom, as in dividend recovery vs. capital wipeout, by lack of effective law, poor regulatory environment or nuclear winter
Chugs, Jay |
