Tuesday, August 14, 2018

WheelLock 🏘️


If you have spare cash,  can try wheel lock at 2.21$ . but must hold for a while. This one is low risk low return stock.

Basically the company already announced that they want to privatise at $2.10, but I heard from sources that they will revise upwards their offer. Therefore i seriously doubt that the share price would drop below $2.10, so in that sense, this is a low risk stock

The revised offer should be at least $2.30, so not much upside also if it is really at $2.30. The highest that they will revise their offer would be $2.68, which is also their book value. But I seriously doubt that they will pay at 1x NAV of $2.68

As to when they will revise the offer, I would say the latest would be 2 months later in October. So whatever our P&L will be realised latest by Oct. Earliest that they will do so, I think could be anytime bah.

Gd luck

Hedge against inflation

Bought some silver in mid 2023. At then silver spot price is about 22 to 24. Now silver spot price is near 42. 很可δ»₯ε–”。😁