Stewardship of a Value Investor

BWPT: The Great Dilution

Yesterday, the news headline was BWPT’s dilution by the Rajawali Group. As usual, share that performs badly goes into my radar. It occupied yesterday’s worst performance list and as of now, it is also hovering around the same place. Is this another case of maximum pessimism? Or is the fear of investors justified? I did a very rough (emphasis: ROUGH) calculation on what the share value is as of now, with few big assumption.

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CPGT: The Case of Maximum Pessimism

As a value investor, you get bored most of the time due to inactivity. We get used to it. However, there are times when opportunities pop by and moment of epiphany strikes. You know that if you fail to follow through this opportunity, somehow all the books that you have been reading are wasted. It is like taking a first dive when you finished reading “Swimming for Dummies”. CPGT in June 2014 was a perfect example of this.

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