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31-01-2017, 10:27 PM
Here is my 2ps worth of contribution :
1. Take BK's method ( see post no. 11 ) and screen out a list of shares with prices standing near to 52 week low and showing a small bounce ( say 5% or more )..
Note - some shares with market price showing no bounce in last 30 days may be in continuing lower trend and should be removed from list.
Compare the share price against net asset value (NAV) ( NAV figure taken from last Annual Report ) and if share price is higher than 80% of NAV, remove from the list.
The remaining shares on list can be selected for purchase about 2 months before the date of next half yearly results are out and to be sold just before ex-div date if trading results are only average. Avoid buying into the shares with low turnover.
2. Apply same method ( as in No. 1 ) to shares with prices fallen to a 78 weeks low .
1. Take BK's method ( see post no. 11 ) and screen out a list of shares with prices standing near to 52 week low and showing a small bounce ( say 5% or more )..
Note - some shares with market price showing no bounce in last 30 days may be in continuing lower trend and should be removed from list.
Compare the share price against net asset value (NAV) ( NAV figure taken from last Annual Report ) and if share price is higher than 80% of NAV, remove from the list.
The remaining shares on list can be selected for purchase about 2 months before the date of next half yearly results are out and to be sold just before ex-div date if trading results are only average. Avoid buying into the shares with low turnover.
2. Apply same method ( as in No. 1 ) to shares with prices fallen to a 78 weeks low .