I received my SRS statement for April. My small positions in Overseas Education and UMS holdings continued to do very well. They have almost doubled the original cost.
UMS has done extremely well, defying all my original expectation and it just announced a set of quarterly profits that was 63% better than the quarter one year before!
As mentioned to you in my previous post, I will need to invest a substantial amount in such good company in order to retire early and not the meagre 10,000 shares. On the other hand, i wonder if precisely of the small position, that is why i am extremely patient with them and allowed them to run for the long term (since it is not going to move a needle). haha ^_^
This stock pays a dividend of 1 cents per quarter! So probably the learning point will be to keep adding on this position over time, which I didn't.
Another nice looking counter since my entry point. Probably i can have the same key takeaway, that is to keep investing in good companies over time (rather than trying to keep searching for new companies to invest in).
Recorded my first purchase of 50 lots at 33 cents. I will probably add on to this position slowly but this is a higher risk bet which i am taking given that it is still in development phase. This company is loss making and not paying any dividends, so i would definitely not classify this as a fundamentally sound stock. Not for the "value-investors" as well.
That is all for now. Happy SRSing