@ghchua,
If we look at the historical offers by OCBC, all of them came in a space of 2-3years before the last one in 2006. VB GG once documented it here: https://www.valuebuddies.com/editpost.php?pid=29911
After those consecutive offers in just as many years, can't blame minorities for thinking that the future is bright. On hindsight, minorities were treated to a horror show as 1.5x EV became 0.5x EV in the next 18 years. Of course, past performance is not an indication of the future and so anyone's guess how this 0.7x EV price will turn out in the future.
As usual, minorities don't have a lot of 10years (or 18years). They were lucky that OPMI Hero Ong turned up for national duty. But it would be luckier for the OPMI who had learnt "How to Make Millions before Grandpa Dies". At least the mental accounting can be easier denoted as "zero".
If we look at the historical offers by OCBC, all of them came in a space of 2-3years before the last one in 2006. VB GG once documented it here: https://www.valuebuddies.com/editpost.php?pid=29911
After those consecutive offers in just as many years, can't blame minorities for thinking that the future is bright. On hindsight, minorities were treated to a horror show as 1.5x EV became 0.5x EV in the next 18 years. Of course, past performance is not an indication of the future and so anyone's guess how this 0.7x EV price will turn out in the future.
As usual, minorities don't have a lot of 10years (or 18years). They were lucky that OPMI Hero Ong turned up for national duty. But it would be luckier for the OPMI who had learnt "How to Make Millions before Grandpa Dies". At least the mental accounting can be easier denoted as "zero".