03-03-2011, 06:11 PM
Hi dydx,
Thank you for sharing your views. Despite Viz Branz reaching and exceeding my target price of 60 cents (i.e. 30 cents, post share-split), I chose not to sell, inferring more value from Ben Chng’s aggressive purchases at 30 cents and more. What gave me confidence was the fact that he’s an (important) insider and he was obviously seeing value (at 30 cents and more), as you mentioned.
The dispute between father and son threw a spanner in the works because it prompted me to ask, “could there have been other reasons why Ben Chng bought so aggressively?†and all sorts of possible (remote and not so remote reasons started springing up in my mind).
Another issue was: even if the dispute is a private one and doesn’t concern the company directly, one can’t help imagining the indirect impact it would have on management and morale since we’re talking about two important directors here.
At the end of the day, I’m weighing the pros and cons of the whole matter and will take a decision based on your and other views. Thanks a lot. Your input is most valuable and appreciated.
Thank you for sharing your views. Despite Viz Branz reaching and exceeding my target price of 60 cents (i.e. 30 cents, post share-split), I chose not to sell, inferring more value from Ben Chng’s aggressive purchases at 30 cents and more. What gave me confidence was the fact that he’s an (important) insider and he was obviously seeing value (at 30 cents and more), as you mentioned.
The dispute between father and son threw a spanner in the works because it prompted me to ask, “could there have been other reasons why Ben Chng bought so aggressively?†and all sorts of possible (remote and not so remote reasons started springing up in my mind).
Another issue was: even if the dispute is a private one and doesn’t concern the company directly, one can’t help imagining the indirect impact it would have on management and morale since we’re talking about two important directors here.
At the end of the day, I’m weighing the pros and cons of the whole matter and will take a decision based on your and other views. Thanks a lot. Your input is most valuable and appreciated.