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Strategies & Market Trends : Value Investing

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To: robuck who wrote (52744)	11/8/2013 9:02:06 PM
From: Spekulatius	Read Replies (1) of 78758

Re JMHLY - well you did not ask me but i'll answer nevertheless. >>Why do you like Jardine? << It's cheap and good. LOL. Trading at a small discount to book and an 11x PE. Diverse business with RE, supermarket, car dealerships and automobiles and machinery. (via Asta). They increased earnings from. 0.8$/share in 2003 to close to 5$//share. Book increased from 8$ to ~50$ in the same timeframe. It's a cheap compounder and owner operator with good governance (Keswick family). 2.9% dividend to boot and they increase the ownership stakes in their subsidies over time (via scrib dividends mostly). Low leverage (<0.2) reduces the risk. >>How are they misunderstood?<< I think they are well understood - it's just that emerging market stocks are out of favor. The trouble in Indonesia affect them (via the Asta subsidy) but that is balanced out by other operations. Their semi annual report shows this, but it also shows the resilience. I think it's mostly a matter of looking at the forest, instead of the trees. Your posts seem to indicate that you have a hedge fund background. What do you like? And what was the great opportunity that you couldn't talk about when you posted here a while ago?

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