Saturday, January 16, 2016

How will CEPCO handle the worldwide stockmarket selloff of the past week?


I started accumulating CEPCO shares shortly after generating this chart at the beginning of 2013. Now they make up over four percent of my entire portfolio + cash by mark-to-market value.

Just as the stock appears to wake from a long slumber since then ( they are up +7.1% in 2016 thus far ), world stockmarkets get mauled further by the 2016 bear.


Last Friday, the shares touched a 4 year high of M$ 2.02 on bullish volume of 107,100 shares, the most active day in over six months.


Monday's price action will determine whether I can take some profit after almost 3 years, but as you can see from the price history since listing, the shares are not particularly expensive.


Actually, with the benefits to the bottomline from a strong US$, they are not expensive at all!



                Cepco's first day on the publicly-traded markets in January 1992.


                                 Extract from Cepco's Annual Report last year.

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