Saturday, September 19, 2009

#jarobuys silver, acadian mining, kws saat, private owned, bravo venture

folks, after our cheaper than expected vacation there is still some money left into my pockets => let's go shopping :-)

  • silver long $17.33 (incl. spread, no commissions) - i thought the silver price will bounce back up 2 days ago, it didn't ... therefore i expect my stop loss limit @ 16.93 will become active soon if it already didn't yesterday evening as i can't open my trading platform just now (that would be a loss of $40 per 1 CFD contract) ... #jarosells silver @ $16.93, my position got wiped out. i'm not sure if the silver future actually fell bellow $16.95 on friday as my favorite commodity-price-website shows the daily low $16.99 instead. i will check that later, but just in case when silver will not fell bellow my limit on monday in some more regular way ... anyway, my OTC broker is also the market maker in that CFD trading platform and thus 'allowed' to make its own quotes ...
  • acadian mining €0.054 (without commissions) - one of very few precious metals explorers/producers where the share price didn't advance 20-50% in the last month in the recent bull market upswing ... i think the share price of acadian mining could start to reflect that soooo positive news flow soon, what's your opinion?
  • bravo venture €0.336 (without commissions) - like acadian, bravo also didn't advance much in the last 4 weeks, yesterday it even fell bellow my purchase level. let's watch how will that position develop in the next months/years :-)
  • kws saat €114.6 (without commissions) - well, i had no extra 200 €uros few months ago 2 buy 2 shares when that big german agricultural (seeds) producer (watch out, monsanto!) quoted bellow €100. even with the commission of €10 my avarage price would stay bellow 100 €uros. on wednesday i've bought 3 shares and moved that position from my watchlist into my portfolio finally! i liked the owner structure of that traditional stock (est. 1856) as there are still 2 families who own a major part of the company (56%) and i'm sure that unlike bonus-oriented-managers of common stock companies the owners wish that the company will provide profits also for their next generations. let's take part in that! btw, a buddy of mine is a remote relative of the actual owners, that's the reason i know the company :-). a small bonus 4 mathematicians among us: folks, what do u think, at what price would my profit on 3 a little bit more expensive purchased shares overweight the profit of 2 cheaper purchased shares? in the 1st step (to make that exercise easier) pls do not consider the dividend of €1.70 per share in your calculations, but 2 get the whole 'picture' u should do it in the 2nd step, will u? hmmmmmm, did warren buffett say that the biggest part of the profit in stock investing is in the cheap purchase price? or was it someone else? it's prolly right ... the solution for the 1st step of our '3 vs. 2 shares computing game' shows that the break even point will be reached at about the €150 level! there is still a long way 2 go, isn't it?

good luck my shiny investments :-)

ps: when is the best time 2 sell gold/silver and gold/silver stocks? i think we could use the gold-dow-ratio as an proper indicator again. let's think about selling when the ratio will reach levels bellow 3. what's your opinion?

addendum, december 18, 2009: hell! 2day is the moment i've understood what private companies are there for!

folks, you still remember my purchase of few shares of KWS saat, the traditional german seeds/agriculture specialists? they are controlled by 2 families and there is just abt 33.1% of free floating shares on the market ... i'm just gonna 2 tell u the issue #2 from their AGM 2009 invitation (btw, the #1 was just some sort of 'hello folks' i think :-):

Re item 2 on the agenda: Resolution on the appropriation of the net retained profit

The Executive Board and the Supervisory Board propose utilizing the net retained profit of € 12,310,000.00 from the net income of KWSSAAT AG for 2008/2009 as follows: Distribution of a dividend of € 1,80 for each of the total of 6,600,000 shares € 11,880.000.00. Net profit brought forward € 430,000.00. The dividend will be paid on or after December 18, 2009.

now u also know the purpose of private companies, don't u? hell, it is sooo easy! just 2 make money for the owners :-)

2 comments:

jaro gruber said...

after 1 or 2 weeks got my limit order for acadian mining @ german stock exchange finally filled! i didn't expect it anymore, because i offered all the time 10% more than the 'regular' canadian price, but the was no volume in germany at all, anyway. well, its a well known problem for all micro cap investors, isn't it?

why not to order in canada (toronto's TSX or TSX-V) directly? well, i could afford to invest just about additional 200 €uros and for such a small order does the disadvantage of high canadian commissions overweight the regular purchase price by far :-)

jaro gruber said...

folks, ive just increased the 'value' of my bet against mr. market concerning acadian mining!

ive bought 10,000 more shares 2day morning in germany approx 25% below the 'translated' canadian price (crazy stupid german folks, no additional comments needed :-).

where did my lovely fresh 430 €uros come from? well, there was the 1st payment of 350 €uros from the bankrupt solar energy bond issuer EECH ... lets hope there will be some other payments in the future, so the loss on capital invested (5,000 €uros) will not be that disastrous ... and lets hope acadian will make up part of that loss as well, of course :)

btw, i hate bonds like the governments + central banks hate the 'do-not-allow-exponential-deficits' gold standard, i think :D