The value, of value investing

[#1]

Despite all the carnage, my total portfolio purchases for hte year are only down 4,5%. And the dividends I have earned so far compensate fully for that.Things would be looking a lot rosier if it wasn't for my more risky holdings - Pallinghurst and Sentula. I definitely plan to dump them on the next upturn, or cut my losses at 20%.

[suki]

Pallinghurs was more disappointing for me. just like metorex.

[john_1]

well done...what I would love to do on Werners site.. is to "trade/invest" 5 statergies side by side for a year or two and see the results..

[warhippo]

We all are bruising with Pallinghurst. The rest as you say makes up for it. Still trading well below NAV though!

[Blik]

Surely if you bought PGL for value investing purposes then timewise its far too short to call at the moment - lets wait a couple of years. They have only been listed a short while. I'll hold mine for a while still, and maybe add a bit more later. Am happy to give Gilbertson a chance. Maybe it'll be my 20-bagger in 10 years time and I'm happy with that. At the moment it only makes up about 2% of my portfolio so am happy to give it a chance. Even MTX went up from around 400 to 3200 in three years when times were good, but I dont think I'll buy more of those yet.

[#6]

Warhippo, I would caution on thinking that Pallinghurst is trading below NAV - that is the point about investment holding companies, they are supposed to offer a discount to the underlying basket. The risk with an NAV evaluation, is that the assets are listed shares themselves, so the NAV doesn't mean much - especially since we don't actually know what the tangeable assets of the underlying companies are. However, at least 100c a share is in cash right now, and your listed stock exposure is only 25% of the Pallinghurst NAV. What sucks, is that we have almost no information on the financial status of Faberge, which on its own accounts for 25% of the investment portfolio. Is it heavily geared, cash positive, making money, ???

[warhippo]

I am not thinking it is trading below NAV. Standard Bank Equity Research to-day came out with a number of R5.31 as NAV which makes me smile as in happy. Point is: not my favorite share, I like Brian, I Like cash, have a couple and not a minute of sleep lost.