Blogs I follow

Friday, September 04, 2015

Since last sale, I have done 3 buys and 2 sells.
I now own a company that I will reveal later.

At the end of August'2015, my portfolio was up 6% from Dec,31,2014.
Not bad, but missed the going up of Corticeira Amorim, the company I was trading.

Corticeira Amorim is now, in my opinion, above fair value so I give up trading it.

See you soon!

Thursday, July 09, 2015

Corticeira Amorim - sell

Considering the turmoil the markets have seen these days, I sold my shares and hope to buy them at a little lower price.

This sale was made at 4.135€ representing 1.0% profit, after commissions and fees.

Not bad, in a one month! See you soon!

Wednesday, June 17, 2015

Corticeira Amorim - A new buy

Since this is a rather iliquid stock, I didn't mentioned the buy earlier.
A few days ago, I bought again at 4.095€.

Unfortunately, the stock price is under that since that day. Today, it closed at 3.90€.
Not worried, since it is a great company

At my price it has a PER of 13.8 and profits are climbing >10% YOY the last few years.

I'm ok being a shareholder, and wait for the upside I hope for this stock.

Tuesday, April 14, 2015

Corticeira Amorim - no upside potencial

I've been watching this stock for a while and made some trading.

From the begining of 2015, the stock went from €3.00 to €4.20 (this moment price), or, a 40% gain. It was a rather impressive climb, but I think this it is now ended.

In the period, I made 5 trades making a profit of 20%. Not much, but then, I am a rather conservative investor.

In my opinion, this is a stock to sell now, for those who own it, or to wait for some dip in price to buy again.

My price target has been attained: €4.20! I predict it will have a 14 PER and a 1.70 P/B this year. As it is a very small free-float company and in a business that is not growing much near times, I think risk is now too much to buy this stock.

Although, the 3.3% yield can be a reason to maitain it, for those who have some shares.

I will continue to follow it, but with no more trading in the next days/weeks.

Monday, March 23, 2015

Today, buy&sell - Corticeira Amorim

This stock continues to offer some intraday trades.
They happen in a quite random manner but, till now, the results are good.

Today, I bought some shares at €3.83 and sold them, just a couple of hours later, at €3.97. These prices include transaction comission, but not taxes. It was a profit of 3.7% trade. Nice!

See you soon!