30-04-2016, 01:12 PM
(30-04-2016, 12:55 PM)TTTI Wrote:(28-04-2016, 07:07 PM)sykn Wrote:(28-04-2016, 03:58 PM)ksir Wrote:(27-04-2016, 11:45 PM)sykn Wrote:(15-02-2016, 10:38 AM)ksir Wrote: I'm rather positively suprise that Energy related unit was still throwing a bit of profit. Probably the worst is yet to come.
However the ESRI unit again had another bad Quarter. The business model may not as strong or as recurring as expected.
I was again pleasantly surprised by BP result.
Moving some of my capitals from BH to BP.
<vested near core>
I've come to the same conclusion as you, and have moved my capital from BSL to BP. In my humble opinion, if any of the 3 divisions (of course, BP was spun out) is going to do well, my bet is that BP will break out first.
I still put a bigger portion of my stakes in BSL. Mainly due to the cash hoard & no debt (excluding BP) & of course Geospatial unit.
In fact BSL is my top 3 core holding currently (but not adding more unless it goes down below NAV).
However has been allocating more capitals into BP recently along with the fall of the industrial market (or so as according to the common news pool).
Thanks for sharing; I will give this some further consideration in light of what you have said. Best regards.
I think in the near to mid term, BP will find it hard to do v well
The industrial sector is just starting to show signs of oversupply in a market where demand is definitely slowing
BSL would be better than BP IMO
Also, the other concern I have is that BP was actually hived out of BSL so as to give FF wong's protege Thomas Chu, and his son, an entity to head each
It's just something that crossed my mind.
I don't think it's a bad decision per say but that could be the motivation behind actually splitting up the division to list
To me, indeed it is a split for his 2 sons.
But which one to let go to fly on his own? The more established and likely to succeed of course?!
For my limited interaction with both of the sons in few agm, i bet my $ on BP.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
"The flowers that bloom in the spring, have nothing to do with the case".