Tuesday, March 13, 2007

JSX-12March-update2-nickel Portfolio




Inco Financial report has been publish last week on Thursday. The share price has rallied from 38k/share to as high as 46500. Currently trading at around 45k++ bound range.
Strong Deviden is expected about 40-50c USD... about 3500-4500/share or about 8-10% of the share price.
Profit of inco nearly doubles at the back of high nickel price. the average contract is only about 25k USD/metric tonnes making it possible to double the profit again in 2007. Unfortunately that the production falls slightly YOY basis. By end of year, i will expect the target pric eto break 70-80k/share higher than 53k-58k of what most big analysts predict.

As What I have predicted as well, that this is the third time that ANTM tries to break 9500 psychological resistance. if it breaks, it will be on the way to break round number 10000/share resistance. On thursday, it breaks 9500 resistance on STRONG SUPPORT AT 9500 AND 9550.
Mr. Sudeswanto at Obrolan bandar and Saham forum has also been campaigning on collecting ANTM! nobody is listening I think.... Ah well, Today it breaks 10000 and close at its all time high of 10150 up almost 6%, an impressive upsize for the Blue chip as big as ANTM.
Is it too late to buy? I do not think so. With production from FENI III will increase total production by at least 30%, ANTM can easily go to 15000 rupiah/share by end of year.
Gud luck investing everyone .. !!!!

Currently Holding INCo at 34000, a gain of 33% on portfolio
Currently holding ANTM at 7700, a gain of 32% on Portfolio.

Holding the nickel portfolio for about 2-3months for now. Satisfying return for Big caps share !, the best thing is that to survive market down treding last week with Green Portfolio.
Green is GOOd, RED IS best!!

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