Wheelock Properties

[donmihaihai]

[Image: 261d7ia.jpg]

Major acquisitions made in 2012/2013 and subsequently disposed off in 2015 include:
 
1) The GBP denominated equity securities - bought in 2013 (and possibly to a lesser extent in 2014 as well) – sold off in 2015.

2) Similarly, the EUR denominated equity securities sold off in 2015 were those bought in 2013 (and possibly to a lesser extent in 2014 as well)

3) Substantial portion of HKD denominated equity securities sold off in 2015 were those bought in 2012 (and possibly to a lesser extent in 2013 as well) - carrying value decreased from 282.395 m (in 2012) to 110.280 (in 2015)
______________________________________________________________________________________________________________________________________

Not going to say you are wrong but just disagree with you.

But let not forget, figure reflected on B/S date will not tell us what happened during the year. When I see turnover with more than 100% in 2015, I say trade. When I see another 97M each of buy and sell out of 250M securities, in 9months 2016, I say trade. When the ending balance is less than purchases during the year without the right amount of losses recorded in OCI, I say trade.

I will keep saying trade until proven otherwise.