Thanks WJ.
INDEED. There are lower bar one around
and I'm vested in that stock too.
When it comes to buying stocks, I am fully aware that I'm buying risks and because of that I tried very hard not to carried away and loss my mind in buying a big amount.
Just side track a little bit, sometime, one of my stock will run away and become more than 30% or even near to 50% of my portfolio. Those statistics was achieved not because I buy more but because they just ballooning up by themselves.
Ok, back to OKP.
By now you might already know that my favourite investment technique (if I can call them as technique) is "Follow the guru."
In the case of OKP, the guru happens to be The Moss Piglet
(link)
In my previous post, I copied his first paragraph.
Now, let me copy his last paragraph:
Therefore, I see huge upside for OKP in terms of value creation for shareholders. There is still much to be done, But on the back of an improved competitive position, high cash levels and a depression of valuation multiples due to its past events. This makes me quite upbeat on their future performance.
"Therefore, I see huge upside for OKP in terms of value creation for shareholders. There is still much to be done, But on the back of an improved competitive position, high cash levels and a depression of valuation multiples due to its past events. This makes me quite upbeat on their future performance."
Allow me to rre-phase in my own words what make sense to me. These are by no means expert advise but formed part of my investment journey and I'm still learning:
1) OKP - as a construction company has not been doing well. The reason is likely construction is a tough business and due to strong competition (from local as well as foreign company), it's margin is always compressed.
2) OKP had been challenged in their forte and it had been shifting it's focus area from time to time. They had never stopped trying - exactly what you mentioned in your previous post.
3) Did OKP found a nice niche area to growth? I don't know and although I care about them finding a niche but I'm not overly concern because that's EXACTLY what I'm paying OKP management for - to take care of their business.
4) When I look at their business and the results that they bring on the table (I don't know about you), I am rather surprise and happy of their performance. No doubt, they are not the top notch but their result did fall squarely into my acceptable pitch area which worth my swing.
5)
The main reason I pulled my trigger recently was the transaction volume kicked in and worth my time/energy to pick a reasonably good quantity of stocks in a short time.
Today, marked the beginning of FY2024, may I suggest we take another look at OKP performing says 1 year from now?
Gratitude!
Enjoy: