Boustead Singapore

[Bibi]

So if he is reinstating back script dividend to me it means the current price is not very undervalue.

Hi Bibi,

So according to your logic, you are saying that Boustead Singapore reinstate back the scrip dividend at a "not so attractive" price to discourage participation? Then what is the point of doing a scrip dividend scheme then? So that the participation rate is low and you ended up not saving any money but also paying the service providers?

So you believe that the share price will go back to 80c? Then why are you saying that you are not increasing your stake anymore? You should sell all your shares now and buy back at 80c later.

My point is that one should not be too focused on short term share price movements. Yes, businesses are cyclical but as investors, we are focused on long term outlook of the company.

I have no intention of increasing my stake at any price above 75 cts. Sell and buy back at 80 cts later? So does that mean those who projected $1.60 and above are going to sell their everything and buy into boustead?

I stand by my words. Boustead is a large position in my portfolio and above SGD half a mil. I bet not many here hold such a large position.