Just to let you know the power of Sifu Walter Schloss
Walter Schloss
WALTER SCHLOSS – PROVEN SUCCESS – A TESTAMENT TO GRAHAM NET NET METHOD WORKS
For 40 long years Walter Schloss (The Most Faithful Disciple of Ben Graham in NET NET VALUE INVESTING) Bought Undervalue Shares. He bought it year in, year out; year after year. He doesn’t care about the business itself. He said that if he can buy a share with deep discount to NTA something good might come out of it. He doesn’t care whether it is monday or friday; he doesn’t care whether it is the beginning of the year or end of the year; he doesn’t care if it’s January,May or December.
In year 2005 (12 years ago I bought DNP at 40 sen with NTA over Rm1.00) I saw its condo called Lanson Place in Ampang.
Today this stock is taken private at Rm1.78 for 345% upside in 12 years or 28.7% a year.
Wing tai taoverprice is fixed no effect because the shareholder have their mandate to private oledy upon lapse then so no more activity I think this stock
Strategy..controlling holder first buy from market at 1.78n 1.79...so they accumulate..then left some stubborn minority holders that still dun sell or accept..then offer higher for the remaiming lesser lots...save cost..just like UK developers offer to take over OLD buildings for rebuild..offer starts small..then final higher offer to remaining stubborn holder
I have not noticed any announcement earlier by Maybank IB of those who bought earlier at 1.78/1.79 in bulk.Who were they?...Am I correct that this is the first announcement ever made that WTM has bought in the open market?
Do anyone know what happen if they unable to do the private placement? will they convene an egm or will the price drop back to $1.20 before the offer was made
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Lancome
7 posts
Posted by Lancome > 2017-05-27 21:53 |
Post removed.Why?