Global Investment Limited (SGX:B73)

[chiokcc]

This counter started off as "Babcock & Brown" , IPO $1.10 ... then rights many times ... at least I re-couped from my IPO price! Hahaha

 

[felixleong]

This counter started off as "Babcock & Brown" , IPO $1.10 ... then rights many times ... at least I re-couped from my IPO price! Hahaha

wah .. 1.10 now become 14 cents omg...
wonder how they screwed up during GFC, the nav dropped a lot

 

[chiokcc]

wah .. 1.10 now become 14 cents omg...
wonder how they screwed up during GFC, the nav dropped a lot

Come to think of it, IPO may be $1.06. Ever since SGX change website format and GIL changed from their former name/s, lost track how to check past history liow

 

[lzydata]

Come to think of it, IPO may be $1.06. Ever since SGX change website format and GIL changed from their former name/s, lost track how to check past history liow

Yes. SGX has always been user-unfriendly in that the documents under the old company name are not connected to the documents under the new company name, so the user has to figure it out himself. And now with StockFacts it is worse.

Fortunately their corporate website has the old documents. Yup, $1.06.

Publications

 

[chiokcc]

Wow, this counter past 2 weeks up almost 1c liow ...

 

[starfish.starfish]

Wow, this counter past 2 weeks up almost 1c liow ...

I would steer clear of this stock, my dad has a 90% loss on this. He heart pain everything he mention this stock.

 

[wahkao3]

I would steer clear of this stock, my dad has a 90% loss on this. He heart pain everything he mention this stock.

precisely because he made a loss due to stock price go down, the price is cheap, the risk is low, that's why the downed stock can be a good one to buy!!

 

[Bedokian]

I would steer clear of this stock, my dad has a 90% loss on this. He heart pain everything he mention this stock.

I presume he bought it before the GFC?

 

[Perisher]

precisely because he made a loss due to stock price go down, the price is cheap, the risk is low, that's why the downed stock can be a good one to buy!!

are you recommending to buy?

 

[wahkao3]

are you recommending to buy?

i am not recommending to buy this particular stock
i am recommending beaten down stocks can make good investments. its possible to buy them back to reovery

 

[wahkao3]

stock price go down = low risk?

some go down to ZERO = MAX RISK MAX LOSS

price down, you pay lesser is really lower risk mah

yes some go down to very low, its possible

 

[wahkao3]

This message is hidden because wahkao3 is on your ignore list.

damm it quit spamming!

 

[Perisher]

damm it quit spamming!

You do realise you are spamming your low risk, high return etc etc every so often too? Really damn it ya know?

 

[wahkao3]

You do realise you are spamming your low risk, high return etc etc every so often too? Really damn it ya know?

at least its something useful
not like felix create an army of clone and spam
worse, rude somemore!

 

[Perisher]

at least its something useful
not like felix create an army of clone and spam
worse, rude somemore!

It's not useful.

Everybody want low risk high returns etc...
Those are as nonsense as I go buy bet $1 on toto, low risk high returns.

0 value added. Spamming is spamming.

 

[starfish.starfish]

I presume he bought it before the GFC?

Yup, think he got "attracted" in by the huge dividend. Only heard abt it after price dropped to 10% of that is used to. Heart pain and expensive lesson learned!

Wahkao3 - u laugh at my dad's heart pain, not nice leh.

 

[Bedokian]

Yup, think he got "attracted" in by the huge dividend. Only heard abt it after price dropped to 10% of that is used to. Heart pain and expensive lesson learned!

I see, thanks for the info. Quite painful I must say. However, from what I read earlier in the thread, it seems that now this company had undergone a new management transformation, so I guess it won't be that bad going forward.

I am looking at this counter, seeing that it is trading below its NAV and having a very low debt. Its business model is like an investment holding company, similar to K1 Ventures.

 

[hjx]

my avg is 0.15

 

[Redfield]

anyone went for their agm? did they mention anything on the price consolidation?

 

[chiokcc]

anyone went for their agm? did they mention anything on the price consolidation?

They say adopting wait & see approach on how other counter consolidations perform before deciding what & when to do next