Friday, August 17, 2012

China Metal Recyling purchased

Today I placed several orders for small numbers of additional shares in some of the existing portfolio companies. So far, the only order which got filled was for China Metal Recycling (HK:773). A combination of a strong balance sheet, a good story (national expansion and industry consolidation) and a good yield make the stock attractive. I do expect some margin compression to show when the next results are released.

I paid HK$5.86 for the additional shares.

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