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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: MCsweet who wrote (54929)2/19/2015 4:04:30 PM
From: MCsweet  Read Replies (1) | Respond to of 78751
 
IKGH,

Hear me now and listen to me later. IKGH up 17% today. A couple days back they announced their application was rejected on the Hong Kong exchange, which is not good but clears way for a buyback. Since I got no response, I am assuming no one else cared on this one.

I still think it can rise on earnings of 0.20 to 0.25 in Q4, but not encouraging to folks to buy at these levels given the risks involved.

MC



To: MCsweet who wrote (54929)4/1/2015 10:10:50 AM
From: MCsweet  Respond to of 78751
 
IKGH,

Not impressed with earnings -- below my estimates. I missed the beginning of the call, but I didn't hear much update on dividend or buyback.

I sold a majority of my position. 50%+ gain from my recommendation (trading 1.16 at the time) is still too not shabby ;)

MC


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