Sell @ $0.825
Decided to sell my entire stake with huge realised losses… But, resulted in a slight improvement to Net Worth as it was marked to market at end-Jan price of $0.82 in my spreadsheet… Small consolation…
With US -2% last night, STI was also impacted. Many stocks were -ve but Vard was surprisingly strong, dropping not as much in %. My Buyer CPs were locals – CIMB & MayBank Kim Eng. IIRC, both brokerages have analysts which covers Vard quite extensively. Looking at the buying support today, I won't be very surprised if their analysts had prior positive insider info from their regular engagement with Vard mgmt… An optimistic scenario would be Vard Brazil Niteroi yard have seen the worst and for Q4, EPS will show continued improvement… possibly >2ct?? plus a Div of 1ct++??
Anyway, I made the decision to switch to other stocks… May get vested again if it drops below 80ct.. depending on alternatives, as always.. 😀