Oh cheers for picking up on that! (Post night shift zombie brain)
Ive correct the figures in the op. EMC looking even more impressive.... Sigh
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MEB 36c prob others wrong too will leave it to you.Some excellent choices including MEB.
Updated and corrected:
Well folks still looking for my tenbagger
24/3/16 to 2/9/16
AEV 17c to 23c
AVH 11c to 10c
BPF 39c to 29c
BRN 21c to 13c
CDY 1.9c to 3.2c
EDE 9c to 22c
EMC 33c to 79c
FBR 2c to 5c
MEB 22c to 37c
NMT 32c to 34c
OSL 17c to 13c
PAC $4.9 to $4.2 (are we at the bottom yet??)
RGP 7.8c to 6.5c
SPL 65c to 68c
WBA $1.15 to $1.23
So, a mixed bag. Of these I only bought into CDY, EDE - still wishing I had gotten in early on EMC.
Only other ASX stock I delved into and didn't include here was PGC, purchased mid-April at 55c today up to 81c.
Interestingly, Thomas Bulkowski analysed all of the tenbaggers in the US stock exchange from 1992-2007, and although it is based on US data and there are obvious limitations in applying it to our markets, this is what he found
- Almost half (41%) of 10-baggers take a full 5 years to complete.
- 55% of the samples had a starting price below $5, but only 2% were below $1.
- The first year is when 10-baggers rise most.
- 77% were small caps. Market cap is shares outstanding times the current stock price.
- Half the samples had a price to book value below 1.5.
- Capital spending decreased 59% of the time from the year before the 10-bagger began.
- 35% of the time, the stocks had price to cash flow below 1.0.
- 91% of the stocks did not pay dividends.
- 77% had long term debt.
- Net profit, P/E ratio, and ROE are almost meaningless when searching for 10-baggers (because many companies were unprofitable).
- 53% of the stocks had price to sales ratios below 1.5
- 51% had return on equity below 12%.
- The number of shares outstanding climbed in 84% of the samples.
- Which industries had the most 10 baggers? Semiconductors (first), home builders (second), internet, and semiconductor capital equipment.
It sure is a ripper atm.Some event in china has pushed up the price of coal. Coal stocks not an option for me these days ; its fingered as one of the many causes of Global Warming a dirty fuel,thanks KT anyway.
SMR is currently a pure coking coal play, as everyone knows used in steel making not energy polluting. Every human living in the civilised world lives with and uses product made with steel, buildings, cars appliances etc. so we need to get rid of the hype and start treating the different types of coal as different animals.
You're right ; i had forgotten that.
Out of interest I plugged some of Bulkowski's findings into the ASX Small Cap list to see if we could identify potential 10 baggers before they rise. The criteria I used were: small cap (market cap <1 billion), no dividend payout, share price >1$ but <5$, positive long term debt, price to book ratio <4.
There were only 5 companies which filled all criteria.
MLX METALS X LTD MTS METCASH LTD NXT NEXTDC LTD ORE OROCOBRE LTD SAR SARACEN MINERAL HOLDINGS LTD.
All in all, pretty crap
Stock 2nd feb 28-Apr 11-Jun 15-Sep % change profit/loss if $1k bought AVH 0.095 0.14 0.115 0.09 -5.26% -52.63157895 BRN 0.18 0.155 0.15 0.115 -36.11% -361.1111111 NST 2.98 3.67 4.74 4.15 39.26% 392.6174497 VOC 7.5 8.6 9.2 7.01 -6.53% -65.33333333 MBE 0.2 0.365 0.3 0.31 55.00% 550 ACX 3.95 6.74 6.74 6.01 52.15% 521.5189873 APY 0.009 0.016 0.01 0.008 -11.11% -111.1111111 BPF 0.55 0.375 0.42 0.27 -50.91% -509.0909091 BUD 0.175 0.145 0.11 0.086 -50.86% -508.5714286 EMC 0.22 0.47 0.875 0.775 252.27% 2522.727273 EVE 0.008 0.012 0.01 0.01 25.00% 250 Average % 23.90% 2629.014238
More than 10 bagger stocks could come from sectors such as food and tech related sectors.