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11-07-2012, 12:22 AM
(09-07-2012, 11:01 AM)dydx Wrote: Actually, I didn't expect such an active discussion from fellow forumers on the seemingly big performance bonuses awarded to the Chans and Tays, as EDs. I just wish to again stress that the IDs forming THG's Remuneration Committe - who together decide how much to pay the EDs - are not pushovers. Besides, we mustn't forget that Dr Henry Tay and Dr Jannie Chan were the founders of THG; and they are already very wealthy in their own rights and charitable people. Having gained a good reputation for themselves over the years from their careers and social involvement, it will be rather silly for them to deliberately contrive a scheme in THG just to remunerate themselves unfairly by 1 to 2 million Singapore dollars worth of extra bonuses every year.
I am happy that more and more people have begun to appreciate - and many have understood very well - the superior quality aspects of THG as a business. This simply means that THG's shareholder base will become more and more solid over time - just like what has happened to Vicom - and its share price volatility should also fall as well. This has to be good for long-term shareholders/investors like me!
Over the years, the top 20 shareholders as listed in THG Annual Report seems to be the same over the last 5 years, and they actually holding about close to 87% of the total number of shares issued. The shareholdings of these shareholders seldom change and the names that are listed every year in the Annual Report appear to be the same.
Crabcrab has started investing in THG more than 6 - 7 years ago when the price is low. I have been keeping the shares since then and each year increasing my stake in it.... I can say that this is one of the best investment that I have so far in terms of net returns.
Another company which Crabcrab invested previously was CK Tang. Undergoing two times failed privatisation, I decided to sell due to opportunity cost while holding my view that it is worth more than $2.00 per share when the share price was still around $0.60. It turned out to be true, the Tangs finally wanted to buyout remaining shares at $2.00.
There may be a day soon or sooner that THG may be a privatisation target in view of the growing profit each year.
Good Luck......