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Boustead Singapore
24-05-2018, 11:57 PM,
Post: #1231
RE: Boustead Singapore
The 2 concerns i have in regards to the acquisition:
1. It is quite small and while they can ride on long term aging trend, i am not sure it can grow big even in next 5-10 years.
2. The seller (and the CEO) not keeping any stakes after the sell.
Hence the issue of not much skin in the game.

That is exactly my thinking... esp for #1. He bought it cheap by NTA standard.

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