05-01-2023, 08:47 AM
One of the more obscure stories from Buffett investing life.
The directors kept the listed company going because they were milking its resources as the core business declined
Buffett step in to take over and realise the underlying value of the assets.
Many such stories in Singapore listed stocks but no body will take them over and realise the underlying value. Eventually the stock price drop far enough the insiders take advantage and delist at low prices.
The directors kept the listed company going because they were milking its resources as the core business declined
Buffett step in to take over and realise the underlying value of the assets.
Many such stories in Singapore listed stocks but no body will take them over and realise the underlying value. Eventually the stock price drop far enough the insiders take advantage and delist at low prices.