hi ghchua,
Just to clarify, my earlier post is just directed at the question of whether "there will be a privatization effort" posted by VB Curiousparty. Nothing much about the business of F&N.
Obviously, some of us have been in this forum long enough to discern between a good investment and good company. Just like how a P/E=50 company (reflecting high investors' expectations) just need a little disappointment for a big drop, a P/E=5 company (reflecting low investors' expectations) also just need a little positive surprise for a decent gain.
My only reservation is that OPMIs may not be able to capture much gain, especially after looking at the structure. And also how long that gain may be. Our Thai GodFather didn't really get so rich by sharing his riches consistently. This is one elephant that I realized that I have no temperament to ride with.
Just to clarify, my earlier post is just directed at the question of whether "there will be a privatization effort" posted by VB Curiousparty. Nothing much about the business of F&N.
Obviously, some of us have been in this forum long enough to discern between a good investment and good company. Just like how a P/E=50 company (reflecting high investors' expectations) just need a little disappointment for a big drop, a P/E=5 company (reflecting low investors' expectations) also just need a little positive surprise for a decent gain.
My only reservation is that OPMIs may not be able to capture much gain, especially after looking at the structure. And also how long that gain may be. Our Thai GodFather didn't really get so rich by sharing his riches consistently. This is one elephant that I realized that I have no temperament to ride with.