Monday, October 17, 2011

Sold APM too - 17th October 2011

Sold my APM too, at 4.85.  Volume has been very low for this counter.  Although there are still some buy interest from a major shareholders, especially owners from TanChong, I have decided to move my investment elsewhere.  Another reason is that the past few quarter earnings has also been pretty disappointing.

My entry price for APM is 5.00.   Similar to MBMR, APM declared dividends twice in between my holding period.  Once in April for a dividend of 12cents per share and the other dividend is in September with a dividend of 10cents per share.  With a combined dividend of 22cents per share, I'm actually running at a small gain, but I prefer to assume as breakeven.

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