Category: Money tips Release Date: 2006-10-02
July 27, the Hong Kong Stock Exchange revealed that Buffett July 12 an average of 12.441 Hong Kong dollars per share price of the sale of 1690 shares in the oil, the oil it holds 11.05% equity ratio reduced from 10.96% ( still had 2.314 billion shares). The news gave me the first impression is this: Buffett began large eating meat!
Popular for 10 years, China's stock market "Choose like the election of his wife" or similar argument. Buffett is also very fond of this kind, or elegant or vulgar analogy, he said: "Investors like select a loved one, think hard, list a copy of your dream, her need to have a variety of advantages. And then look for Zhao Ya Yeah, suddenly ran into that you fancy her, so you will be happy combination. "However, according to my observation, not so much Buffett advocates" Choose like the election of his wife "concept, it is better that he advocates" Choose like the election of pigs "or" Choose such as the pig "concept.
Buffett is the "election pig" experts in. PetroChina in April 2000 listed in Hong Kong is based close to the price of oil net per share to 1.21 Hong Kong dollars per share, issued, listed below shortly after the issue price, the minimum 1.10 Hong Kong dollars per share, below the net. This is the first slim, low valuation and the mainland China stock investors missed Zhuzai captivity has attracted the ocean on the other side a pair of sharp and wily eyes. Almost the net price per share to issue, once again the commitment of pre-IPO dividends every year, and the stock fell 1.10 Hong Kong dollars, so obviously the stock Buffett appetite. Buffett's bargain-hunting infiltrate the oil, urban, animal husbandry, pigs, and quietly without interest. To Hong Kong in April 2003, "Securities and Futures Ordinance," came into force, because of their stocks more than 5% of the investment were required to declare the HKEx required at this time, the world Fangcai understand that love has always been picking up bargains, Buffett control The company, a subsidiary of Berkshire Hathaway has long been eating into the company's 1.109 billion shares in the oil, accounting for 6.31% stake. According to PetroChina H shares at the time to measure the stock price, Buffett earlier to eat into the shares of 1.109 billion in oil prices between 1.10 Hong Kong dollars to 1.20 Hong Kong dollars. In other words, if not account for inflation, nor account the high dividend yield over the years, Buffett earlier this eat into the 1.109 billion shares in the profits of oil has reached 10 times.
Another example is stock picking pig, large hog raising the best from an early age Zhuzai. Buffett's PetroChina H shares will ring into the bar at least a "six-year raise", and a dollar more a small Zhuzai also "raise" to the maximum when the 12 Hong Kong dollars more. It is learned that, when Hathaway's bargain-hunting to eat into the 1.109 billion shares in the oil, after the disclosure of information by the media, Buffett continues to 1.61 Hong Kong dollars to 1.67 Hong Kong dollar holdings at prices ranging from 858 million shares of PetroChina H shares, shareholding increased to 2.348 billion shares, up 13.35% stake (later caught up in the oil allotment diluted), to become the third largest shareholder in the oil. Buffett invested in oil stocks, the average cost per share of about 1.30 Hong Kong dollars, the funds used by about 30 billion Hong Kong dollars, the oil over Friday to close at 11.76 HK dollars, Buffett's stake worth about 27.6 billion Hong Kong dollars, a few years would receive about the book profit of 24.6 billion Hong Kong dollars, the book profit in the nine-fold.
Recently reported that Buffett's why people are suddenly heard holdings of 1690 shares in the oil puzzled and said, "for unknown reasons." I think that this little bit difficult to understand - and stock selection, such as pig Well. When the first big fat pig raising to the ears, the slaughter of meat a natural matter of course. Wealth on paper, such as cash holdings are not high, it will eventually eat into the stomach can not be considered a "pork." Buffett began to see large pieces of meat, and eat thrilled that we can realize from a number of reasons come from? (Fuzhou)
