Showing Tag: "lp2bk" (Show all posts)

LP2B Decile for JUN

Posted by PowerStocks Research on Sunday, July 12, 2009, In : List Publication 
Here are the lowest Price/Book shares on the JSE as at 9 Jun 2009. They effectively form the 1st low price-book decile. Portfolios are normally constructed from the first 10 or 20 shares (as in our model portfolios) for a low price-to-book strategy.

Note that quite a few issues here are going through financial stress. That is why some investors prefer the Piotroski strategy which focuses on low price/book shares but with a sound financial position.
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LP2BK JUN Update

Posted by PowerStocks Research on Sunday, July 12, 2009, In : Performance Update 
Here is the YTD performance summary of the 10-share low price--to-book portfolio taken from the lowest price/book decile of the JSE ALL STOCKS universe on 3 March 2009. They represent the lowest price/book shares on the JSE at the time.

Although the performance looks very bad against all the other strategies we are tracking, you must bear in mind that this is taken from the ALL-STOCKS universe, and will have smaller less liquid issues than other strategies we track. In addition these represent...
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