My Failed Investments; Hopefully So Far

Poor Reading?

It is not that you have read the signals wrong.

They were generally right.

Timing was important.

Then there were the authorities who screw us up plenty. Particularly too rich valuation for IPOs.

Politics also overshadowed the potential of shares.

To date, these constitute my bad investments.

Astro

-screwed royally by the authorities who allowed cornerstone to sell on Day 1 and over-rich valuation to please the owner-seller. Loss from IPO and buying in the market.

UOA Development

Over-rich valuation. loss from IPO.

Adventa

Lost because of a fire in the factory.

Berjaya Land

Mainly because of politics as they could not develop the new Racing Complex in Sepang.

Bumi Armada

Over-rich valuation allowed by the authorities

Eita

No market support

Genting

Bad investment in the USA and fined in Singapore

JAKS

Politics mainly

KUB

Political counter turned sour.

Maybulk

Poor shipping industry

Pentamaster

My mistake

Proton

Bought too high

Rexit

Listened to too much market rumour

TH Heavy Engineering

Speculative counter which is not performing

Petron

Bought too high

KPS

Victim of politics