Roxy Pacific - undervalued

Today, CEO bought 150,000 shares at 72.5 cents.

CFO bought 50,000 shares at 72.5 cents.

They are buying at higher and higher prices. There can only be 1 reason -- they are confident the stock will be worth a lot more in future. I think so too.

Kian Lam Investment Pte Ltd, the investment vehicle of the Teo family, bought 100 + 100 K shares on 27th and 28th.

CFO bought 40K on 27th.

U know what all these mean?

Solid performance -- has touched 76 cents!

More than S$1 billion in revenue yet to be recognised by Roxy. this will underpin its Profit & Loss statement in the next few years.

Roxy went x-bonus today, with the stock trading now at 61 cents. Much higher than the theoretical ex-bonus price of 59.2 cents using yesterday's closing price of 74 cents for calculation.

Bonus was 1 for 4 .

More good news coming?

Kind of illiquid still despite the bonus shares. However, +2 cents today => 64 cents, which means the stock price has reached a record 80 cents pre-bonus price. Getting close to RNAV.

Just counting my eggs and realised how well my Roxy shares have done.

Click to see screenshot ::




The above return doesn't include dividends.

Dare I hope for more capital gain by holding on to it? Well, no reason to sell.....