I have just finished migrating the entire Intelligent Investor Club site from Blogger over to WordPress. WordPress is really far better than Blogger in terms of features and functionality. Hope that the new navigation and layout will serve to enhance your reading experience.
“Along with the release of its 2Q07 results, Roly also announced a proposed voluntary delisting of Roly from the Singapore Exchange. The rationale for the proposed delisting was that the share prices of its listed entities, namely Roly, Linmark and Byford on the relevant exchanges do not reflect the underlying values of these entities.
In addition, Roly also cited high costs and time spend on compliance with listing rules and regulatory matters as further reasons behind the proposal. The exit offer price for shareholders is pegged at S$0.35. The deal is subject to the approval of shareholders at a special general meeting to be held within 3 months.”
The “voluntary” delisting have since been approved to become a mandatory delisting.
So, how have I been ripped off?
The management of this company feels that the market prices of it’s shares are under-valued, then proceeds to make an arrangement for the shareholders to sell out their shares at near market prices.
What kind of logic is that?
We have no choice but to sell our shares at bargain prices.
I have not written anything for the past few days as I was not able to connect to blogger.
A few days ago, there was an earthquake in Taiwan that destroyed major communication cables deployed under the sea. As a result, the internet access in my country was badly affected.
Hardly anyone was able to connect to websites that were overseas, and many businesses had their operations disrupted.
It will take a few weeks for services to be restored to normal.
For now, my internet is crawling along at a very slow speed, just like pre-broadband times.
As we move forward in the internet age, we seem to take for granted the availability of information at our fingertips. We forget that many factors beyond our control could and will alter the environment that we operate in.
Is your investment portfolio ready for such shocks or changes? Rather, does the businesses that you invest in have such a strong moat that such shocks will not bring them down?