Thank you valuebuddies for your kind sharing.
PIL is a multi-baggers for me and other than luck, it would be due to the kind sharing of our valuebuddies, in particularly moderator cy.
Gratitude.
Moving forward, I hope that I could be given a chance and become PIL shareholder again as I felt that PIL is a great company, chartered skillfully by 2 business-savvy and smart captains J&J.
I do hope to be vested again.
Based on my trading record, I sold out on week 22nd Mar 2021, of course, at a price of 65 cents and I felt that Keppel too sold out on the same week.
This was announced last Friday:
Date of acquisition of or change in interest: 01-Apr-2021
KS Investments Pte. Ltd ("KSI") became aware on 9 April 2021 of the date of change in interest in the Listed Issuer after it sighted a CDP letter, which was received in the afternoon of 8 April 2021, notifying of the change arising from the acceptance of the voluntary cash offer made by Emet Grace Ltd for the Listed Issuer.
The date of change (sold) was 1st Apr 2021 and the changes was noted in CDP letter. Likely the change was made sometime around week 22nd Mar 2021 (similiar to me).
The rationale for me to sold out was actually reminder letter dated 19th Mar 2021. It stated clearly:
All FAAs, FATs and/or other relevant document(s) received after 5.30 p.m. (Singapore time) on the Closing Date will not be accepted.
Of course, I took actions.
I suppose, Keppel would had taken action too.
Of course, of course, later the extension was given but we had already taken the actions liao.
In the beginning, I was thinking that J&J will not be able to take PIL offline and now I still think the same.
My game plan (which I am sharing now, might change the above statement):
1. Sold PIL at 65 cents
2. Wait for PIL to resume trading.
3. At an appropriate time/price, buy back PIL
4. Wait patiently for J&J to take PIL offline
This game plan - if read by the remaining valuebuddies and is executed will means J&J getting closer to 90% - and I don't care.
I wish J&J well and if they could delist PIL on 21st Apr 2021, so be it.
I had benefited from PIL and J&J's contributions and I wish both of them luck and all valuebuddies luck too.
Keppel has accepted the offer. 