Global Investments

[wahkao]

Wow, especially for some of you who are not even vested, you've provided so much in depth analysis - I'm still trying to digest what some of you have written (me, dumb newbie lah!). But I agree with D123's conclusion that you either stay out or go all the way to take up all rights and script issues. The last time they gave out rights, I decided not to take up but just collect my divi's and run; then the price went down because of dilution and I felt really stupid. But more seriously, I know BSF (major share holder) personally and he's a pretty smart cookie. My simple theory (Buffet's way) is that if they continue to rack up high retained earnings without resorting to rights issue (which they did not do until this last round) or making any big mistakes playing with derivatives, sooner or later, this must pull the (currently miserable) stock price upwards. It remains to be seen if this will happen.

dont be fooled by the increasing retailed earnings
its just an illusion created to make you think they are making a lot of money