Early reporters win
October 24th, 2020
⏰ 1 minute read
⏰ 1 minute read
Our portfolio performance
Results season
It’s results season, which means getting busy. At our Sharpfokus Saham we now cover 19 US listed companies & 115 Indonesian companies (some listed in Singapore & the UK). That’s 134 financial statements to go through as quickly as possible. A large task, but as our research is simple & we’ve been doing it now for 2 years, we’re ready!
First
You might think what we would most like to happen is for the companies to release their results at the rate of 2 to 3 per day over the next couple of months to help manage... But thats not the case. It turns out that for the stock market it really is true that if you’re not first, you’re last.
US
You might not be surprised the US reporting is super helpful if you’re an analyst. US companies announce in advance dates for results so you can plan ahead. 4 of our 19 have already released, 21%. The simple average 1 year return of 19 stocks is impressive +99%, but the average return of the first 4 to report is +254%!
Indonesia
Here in Indonesia, planning is a bit harder as there’s no official repeating date, it’s more word of mouth... but we notice over the last 2 years that the same stocks tend to be the fastest every time. So far 6 have reported which is 5%. The average 1 year return of all 115 is -17%, the first 6 average -11%!
Sharpfokus
We have also experienced this first hand as investors. We’ve been running out own real Sharpfokus share portfolio since May. We own 14 companies including 5 out of the first 6 to report or 83%. Partly because of their better performance, our portfolio is up +16%, 5% better than the JCI, +11%, since we stared the fund. Early reporters win.
It’s results season, which means getting busy. At our Sharpfokus Saham we now cover 19 US listed companies & 115 Indonesian companies (some listed in Singapore & the UK). That’s 134 financial statements to go through as quickly as possible. A large task, but as our research is simple & we’ve been doing it now for 2 years, we’re ready!
First
You might think what we would most like to happen is for the companies to release their results at the rate of 2 to 3 per day over the next couple of months to help manage... But thats not the case. It turns out that for the stock market it really is true that if you’re not first, you’re last.
US
You might not be surprised the US reporting is super helpful if you’re an analyst. US companies announce in advance dates for results so you can plan ahead. 4 of our 19 have already released, 21%. The simple average 1 year return of 19 stocks is impressive +99%, but the average return of the first 4 to report is +254%!
Indonesia
Here in Indonesia, planning is a bit harder as there’s no official repeating date, it’s more word of mouth... but we notice over the last 2 years that the same stocks tend to be the fastest every time. So far 6 have reported which is 5%. The average 1 year return of all 115 is -17%, the first 6 average -11%!
Sharpfokus
We have also experienced this first hand as investors. We’ve been running out own real Sharpfokus share portfolio since May. We own 14 companies including 5 out of the first 6 to report or 83%. Partly because of their better performance, our portfolio is up +16%, 5% better than the JCI, +11%, since we stared the fund. Early reporters win.
