15-05-2016, 09:57 PM
(15-05-2016, 08:22 PM)dydx Wrote: CEO Pek Lian Guan through his wife bought $250,000 of Tiong Seng's 4.75% notes due 2018.....
http://infopub.sgx.com/FileOpen/_eFORM1V...eID=404994
As an alternative, wouldn't it be a better bet if his wife used the money to buy Tiong Seng shares at the prevailing historically low prices? This could be potentially more profitable bearing in mind that Tiong Seng's 1Q result carries some early signs of a likely profit turnaround could be in the making.....
http://infopub.sgx.com/FileOpen/1Q2016%2...eID=403887 [1Q-FY16 result announcement]
http://infopub.sgx.com/FileOpen/Press%20...eID=403888 [Press relaese]
being insider they probably know what they are doing.
It is likely they know that tiong seng future return will be less than the steady 4.75% they could "extract" from the company's note.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
http://thebluefund.blogspot.com