From one year ago.
Here is a follow up to "Forbes-Global", the only glossy magazine which did give us a fair look by quoting the record, which CNBC, TV all along did.
To Mr. Justin Doebele, Reporter at Forbes, Singapore. E-mail is jdoebele@forbes.com The two Thai stocks mentioned (given by me) in your magazine of June 11 '01, were SE-ED then priced at 28 and PR, then priced at 62, on June 11, your publication date. (Note both stocks were much lower on March 6th '01, when we met and when I gave you these names.)First stock mentioned: SE-ED since issued warrants for free, shortly thereafter and paid a 1.65 dividend as well. Today the stock is bid at 54. I would now rate it a hold. So, 54 current market price plus adding the 1.65 dividend paid since -and (1/2) the 27 Baht current bid price of these freely obtained warrants. (Note, shareholders got one free warrant for every 2 common shares held, conversion price at 16.5.).This comes to: 54 plus 1.65, plus 13.5 (half the current warrant value) = 69.1, this represents a 146% increase form the original price of 28. Second stock mentioned:PR was then at 62 and paid a 3 Baht dividend, so far. Today PR is bid 87.5 and adding back the paid dividend, all comes to 90.5. This represents a 46% increase. I would today rate PR a buy on weakness. Summary: 146% return on SE-ED plus 46% on PR, equals total of 192, divided by two. Or an average of 96% return in only 9 months! That is nearly 130% on an annualized basis.
The other guys. The guys at Quest Fund quoted in that same article gave you RCL and KCE, neither of them paid a dividend nor warrants etc. On June 11 of 2001, KCE was at 61 or the same price of today. So it is easy to calculate. RCL was at 28 in early June of 01, and today is at 45 bid, or a 61% increases. Hence the average rate of return on those two picks was 30.5% vs. 96% in thaistocks.com selections. I note, on their brochure and web site it says "Performance, the name of the game." Note, since the "top 30" model (which did not include SE-ED but does include PR), increased substantially as well during this same period, it is fair to note that my picks were not just "lucky" or an aberration. They were broad and deep and well over US$ 1.5 Bill in mkt. Capitalization. So let's stop the "too small chronic syndrome". Further follow-up, on the original "top 30", model portfolio.
Dear Justin, Good to see you for 45 minutes yesterday -and glad to hear you may be interested in doing a deserved update on thaistocks.com proven (as documented all along) performance record.We met for the first time on March 6th of 2001, at that time my latest published "top 30" model was up 64%, all as of Jan 2 '01. As was mentioned on CNBC, TV an hour before that day.Jan 02 2001 then was the second year anniversary, of the original "top 30" as first published on Jan 2 '99. Regarding your Forbes article, as published on June 11 of 2001. At that time the latest published performance of the "top 30", was 98.6%, all as of tabulated on 5/31/ '01 and all as documented at the web site. (During this same time period -just about 2 1/2 years since inception on Jan.2 '99, the SET index benchmark, was down 13.9%.)Again as you rightly asked: yes, this assumed no changes at all on the original model. Yes, all the same stocks and no changes in allocation or weightings!You can see this full tabulation at my chronological sorted "news flash index", then see "DOCUMENTED PERFORMANCE RECORD", of June 1 '01. (All updated this all along, every quarter).***The latest figure published, is as of Jan.2 '02, or then our 3 year anniversary. It is plus 143.8%, or, a far more then doubling since we first met a year ago! Indeed, the rate of increase has accelerated. (I will publish the 3 year and first quarter, on April 1, 02 and am very confident it will show further improvement)You can see the latest published update, in the left hand column called: Actual full cumulative performance record on our "top 30" model portfolio
Happy to answer any questions, Best Regards, Paul Renaud.
