SYD

This stock is classified as 'high valuation' by The Australian.  Sometimes, you wonder how journalists write.  Why is it high valuation if Chinese tourists continue to come in droves, if the company is making profit and the monopoly (only one international airport in Sydney) still persists?

I have been pondering about selling but why sell when Sydney airport throughput continues to rise?

Stocks with great dividends

How does one resist these stocks?

When banks tumble for a few days, I often step in for a mini top up.  This also applies to SYD.

Because Chinese tourists are still coming, SYD will be making a nice profit so with the recent stumble, I topped up our holding in it.

At the moment, the dividends from banks still beat interest payments from cash deposits, especially with dividend imputation and capital gain benefits from share price appreciation.

EDE

When you keep announcing good updates, investors get good-update fatigue.  The only time when there will be a dramatic leap is when a big company pounces on it with the intention of taking over the company.  Today, there was a small jump and then it settled back to nothing.

In my case, rather than buy EDE, I prefer to buy TAS where it is even more undervalued, relative to EDE.  I have been topping it up but in small and infrequent doses.  If someone wants to sell their TAS for a good price, I am happy to oblige.

NMT

While I was aware that NMT has gone way past my profit level due to its involvement with lithium, I wasn't conscious of the fact that this week, its lithium resource has jumped over 160% and it has one of the largest deposits in the world now.

I have no idea how this translate into production but it is enough for me to want to top up my holding... especially since the share price jerked upwards when that increase was announced but it has tapered off again over the next few days.

Nice if I can get it at 44c but I may have to offer higher...

Banks

When the price of bank shares drops, it is very difficult to resist from buy them.   Earlier, I topped up WBC at $28.11 and then near close, another small parcel at $28.24.

I have noticed that lately when banks (ANZ and WBC) paid their dividends, it was much higher than interest received from cash deposits.  So even if the share price falls but if the dividend (which may also fall) is still higher  than interest from cash deposits, who cares when I am not withdrawing either!

My father who only went to school for 2 years in tumultuous China in the early Twentieth Century, advocated buying shares in companies that give reliable and consistent dividends.  Of course, this means the dividend has to be from continual profits over those years.  And even if profit diminishes due to new regulations or falling world economy, who cares as long as the profit is still higher than other companies... and higher than interest from cash deposits!

PWN

It had been dismal but at least it has not collapsed.  When China starts to behave as a consumer, expect food to be a main economy feature.  I put my faith in fertilisers....


So I topped up PWN twice.  First at 2.6c, then at 3.3c.  Now it is at 3c.

ERM

I bought into this stock a long time ago, expecting an outstanding performance.  It had good discoveries and... a functioning gold mine.  Yet, it failed.

However, there are big gold companies interested in it so I never got rid of it.  And yesterday, with another good exploration result, I bought at 6.3c at prevailing market price.  It had already risen a bit on a day when the ASX was down... but I wanted to top it up.  Someone must have liked the stock a lot because it went to 7.9c today.
 

ASX annual performance

The bad news is during the 2015-2016 fiscal year, the index fell by about 4%.  The good news is mine went up significantly.

I had almost given up hope and in the last 3 months had proceeded to trim down my over-bloated portfolio.  However, with revival in the resource sector and with just a handful of terrific outperformers, I have recouped a lot of my losses in this sector.

GRY SEH WBC OSH TAS

I bought GRY because it announced a great exploration outcome but no one wanted it.  It has gone up nearly double in under 3 months; bought at 9.9c, gone to 19.0c.  This partly because a Canadian gold company (also listed in ASX) wants to take it over.  Today, at under the bid price, my total GRY holding has gone green.

SEH has dropped from 11c to 10c but the good announcement with sale of gas is ignored by the market.  Should I top up more?

WBC was bought when investors were dumping it recently.  I snapped up at under $28.91about 3 weeks ago.  Now at $29.28.

OSH was snapped up last week when Brexit was an issue and I got it at $6.21; today $6.86.  It is trying takeover Interoil...  Board members of Interoil are happy but a small group of shareholders is not, including the founder.  Today, someone else yet unknown, has a rival bid for Interoil; no details out.

No one wants TAS but I can't understand why.  Even when EDE was falling in value, it is worth a lot more from just its holding in EDE and EDEO.  EDE and EDEO combined is worth about 34c each TAS share!  Currently, TAS is only 16.5c with NO debt.  I topped up at 25c in mid-April when it was worth about 45c.  Maybe I should buy more TAS, too!