Boustead Singapore

[greengiraffe]

Hi MW,

Mr Wong always pride that Boustead pays good dividends and generate good cashflow to build a cash hoard so that it has flexibility to take advantage of opportunities as it arises.

I do agree with you that simply returning cash could well be a better initiatives in terms of enhancing shareholders' wealth.

However, life is always a package. Its our choice to keep faith with Boustead and hence just have to tough it out.

GG

Thanks for the update on OMH, GG.

Apparently, Boustead hasn't been too successful in venturing out with its cash hoard to invest in companies like Hankore and OMH. Which goes to show that sometimes, simply returning the cash to shareholders is a better idea!

Let's see what Boustead has to say about OMH next Monday when it releases 1H FY 2013 results.