Challenger Technologies

[setan]

@setan,
A company doesn't get listed to share some of its secrets (eg. margins) even though the requestor is a shareholder, as it also means sharing with the public. Case in point - many years ago, VICOM used to break down its vehicular and non-vehicular testing into 2 segments as both of them were relatively different business. While the former was ok because it owns 7/9 inspection centers in Singapore and everyone is compelled to use their services due to regulation, the latter was not because of the existing competition. Eventually, VICOM (wisely) merged them.

I do understand where you are coming from, because all OPMIs would prefer more information and hence more certainty when we invest. But investing at a lot of times, is about making best guesses (coming up with creative ways to approximate an estimate close to the truth) and hence eventually decision making under uncertainty. I think as OPMIs, we need to prepare ourselves for something like that.

In reality, a business list itself because it wants to benefit those who made the decision to list or get funding for expansion.
It is not to allow OPMIs to invest comfortably or with certainty.

@dreamybear,
Equating that "fund manager and private equity are vested" to "investment merits" is at best, a heuristic. It may work, it may not work. That may be how many people think but probably something VBs wouldn't want to depend too much on.

It is also interesting to remember that it depends on which side the private equity is on. Some time back, it wasn't on the side of OPMI (when it teamed up with Chairman Loo to privatise the company) but now, everyone is on the same side

Hi WeiJian,

Well, I got you and accepted it is fact in the business world. That's why the experienced investors say investment is a art rather than science. Hope I can get better over time.

Thank you.