SCOMIMR - Yahoo i have 10000 shares now
I have added SCOMIMR (7045) today at the price of RM0.56 with another 4200 shares. That makes me a proud owner of 10000 SCOMIMR shares. Will i stop my collection of SCOMIMR after today’s purchase? The answer is NO! I will be going after for more if this baby goes south.
My latest average price of SCOMIMR has been brought down after today’s purchase :-
Earlier average price of SCOMIMR :- 5800 shares at RM 0.606
Latest average price = (0.56 x 4200)+(0.606 x 5800)/10000
= RM 0.5867
Proof of my today’s transaction :-
A picture tell’s a thousand word. Just take a look at SCOMIMR financial report. What can you tell from it? It is surely a fundamentally very strong company with solid revenue.
The first 2 quarters for SCOMIMR has produced an EPS of 4.63 sen. EPS of 10 sen can be expected from SCOMIMR due to the rise of prices of commodities.
With a estimated future EPS of 10 sen, we can expect that SCOMIMR to have a Per Earning Ratio (PE) of less then 10 which is good and safe for investment.
That is why i can sleep soundly at night without need to worry much about my investment as the companies that i am investing are fundamentally solid.
So time will tell whether my investment on SCOMIMR will bear any fruits but i am pretty confident that this baby, SCOMIMR will not let me down.
Any followers or doubters around?
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