Bro Eugene Lim says: Many of you will not know that after the Lum Bros offered a ridiculous 17c a share for LCD Global I agitated vigorously against it. I wrote about 20 emails to various parties, including the independent directors and newspapers. In the end the offer failed, the share reached a high of 32c while I sold my 380+ lots at 28.5c after holding them for 17 years. The total returns were very good.
I see an area of similarity btw LCD n TUAN SING in that both are old established cos (my bro was CFO at TS over 10 years ago). The Lum Bros age must have been a critical factor for them to finally sell out. Cud a similar circumstance happen with TS?
I revisited Tuan Sing during the recent property bounce. This stock crept up from 38 cents to 42 cents. Now 40.5. What holds me back is the low dividend payout of 0.5 cent = 1.25% yield. Plus the high gearing (not unlike other property developers). The sexy angle is Koh Wee Meng buying more of Tuan Sing.