China Blue Chemical purchased

This morning I added a few more shares in China Blue Chemical (HK:3983) to the portfolio. I have held these for some time and, while they have paid out a steady stream of dividends, the investment as a whole has been disappointing and I am slightly behind on my original investment.

In any event, the share price has come back to the point where the value looks attractive with a cash rich and debt free balance sheet and a 4.5% dividend yield on offer. There is also the possibility that the auction of the assets of a defaulting JV company on 15 August will remove some uncertainty.

I paid HK$3.97 for the additional shares.