Ellipsiz

[GenS70]

My thesis too that Lum is financial investor taking advantage of their financial capital to  consolidate Ellipsiz's fragmented shareholdings, and will look to do a trade sale unlocking value

Signs of Lum unlocking value:

1. Sale of Kita
2. High dividend payment

Glad my thesis of a trade sale has turned out well, reaping good returns!

Where to go from here for this company? Investors have to be mindful that whatever businesses that remain may be burdened with all the headoffice cost, that was previously shared with the probe card business, plus some of the cash will only be available in 1-2 years time. And any investment into another business will come with a lot of uncertainty! The best outcome will be to sell the log stock and barrel to a buyer who wants a shell flushed with cash.