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29-05-2017, 10:57 PM
This company is a joke!
SGD1.3 per share may seem a lot but it's not. Consider this:
When they IPO in Y2007, the market cap was SGD310.2 million.
Fast forward to 10 years later, the buyout offer puts the market cap at SGD85 million.
73% of the company's value destroyed in the past 10 years.
Investors who have invested since Y2007 have been screwed big time.
SGD1.3 per share may seem a lot but it's not. Consider this:
When they IPO in Y2007, the market cap was SGD310.2 million.
Fast forward to 10 years later, the buyout offer puts the market cap at SGD85 million.
73% of the company's value destroyed in the past 10 years.
Investors who have invested since Y2007 have been screwed big time.
There are no good stocks. Stocks are only good when they go up after you bought them.