I picked TGII or Transgulf Industrial Investments Holdings for my second roundup at this high stakes game. The company has been traded publicly for years now with an average performer reputation.
This slugger is an investment and holdings company which also dabbled on industrial leasing and financing. They have posted limited success last year but is currently reflecting high equity yield (YTD) due to good performance of their solid investment portfolio. The resurgence in market capitalization along with the regional surplus earnings brought by the global oil crisis contributed to the positive market sentiments which catapulted TGII's market value.
Basically, the company is an average (sometimes, below average) publicly traded stock. For the second quarter of this year though; they have been enjoying a spot in the MSM as one of the most actively traded stocks with volumes averaging over 21.3 Million shares (YTD) translating a turnover of $267.41 Million (YTD). Average figures really, compared to other players in the market.
Whether their stocks' appreciation is caused by surplus capital flaming the recent gold-rush like market activities; or on pure speculative grounds compounded by market sentiments, I felt this baby is a winner!
I bought the 5,000 shares of the stock last November 11th. I thought that I would be laughing my way to the bank with this one. I've totally forgotten that I'm actually playing with fire... I think it might be high time to call the fire department to douse me off =(
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