RCECAP - Bought 5000 shares at 0.565
RCE Capital Berhad (RCECAP) listen on the mainboard with a stock quote of 9296 is under trading/services sector. Rcecap core business is consumer financing in the form of personal loan to government servants.
The super main advantage about Rcecap is the repayments of loan are done by salary deduction scheme. The loan will be deducted on a monthly basis.
In short, rcecap will not have a high percentage non performing loan (NPL) problems.
The reasons why i invested in Rcecap :-
- Improved 4th quarter profit from 12.627 million to 18.513 million
- PE at 6.03
- Volume picking up
- Positive outlook for future earnings
- EPS increased for 4th quarter comparing 2007 and 2008 (1.95 to 2.60)
From my attachment above, i have bought 5000 shares of Rcecap at RM 0.565. As you all notice, the method i use to pick shares to invest is quite simple and most importantly i am comfortable with it.
Like what the great Warren Buffet says, you don’t need high IQ to invest in shares but patience and temperament will be ample for success in investing.
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