Wednesday, November 07, 2012

Yanzhou Coal sold

Yesterday I sold my shares in Yanzhou Coal (HK:1171).  A combination of high gearing, high capex and broker downgrades prompted the decision. And yes, I am kicking myself for not selling when the shares were close to HKD30.

The sale price was HKD12.28 per share representing a profit of approximately 21% (taking into account transaction costs and dividends).

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