Sell Sinarmas @ $0.405 / Sell Sinarmas W151118 @ $0.23 (Odd Lot)
From my records, I did a Buy @ $2.63 on 18-Jul-96, 17 years ago! IIRC, it was known as Amcol back then and they had the lucrative distribution rights for Sony products in Indonesia + other biz (can't remember what else). I do remember my reason was more for short term trading as the share price had been trending steadily upwards and the little fundamental analysis I did seems to indicate a profitable company. How unlucky I was as it got suspended immediately after my buy! CAD was involved and someone finally went to jail. The profitable biz apparently wasn't that profitable or the insiders was siphoning money out or both, can't remember now. IIRC, it stayed suspended until an Indonesia White Knight was found and a reverse takeover effected, It was renamed AFP (Asia Food & Properties). Along the way, I was given Golden Agri (Food Biz) & Bund Centre (Shanghai Properties) shares (already sold) when they streamlined their biz into separate listed cos. It focussed solely on properties and was renamed Sinarmas, I don't remember why they gave the warrants. I don't have the total, but I probably ended up not losing that much money due to the shares given to shareholders in other listed cos.
I finally decided to sell today when I was looking at the share price and realised it'd gone up quite a bit just last week. No idea why as I'd not been following the biz….
Lesson Learnt : Don't speculate, it's totally different from taking calculated risks. 😀
