Sell @ $0.775
Finally decided to start selling my extras, which I do have a lot… AGM on 29-Apr ; xd on 5-May are the days for me to monitor.
It'd appear that the new Indonesian major shareholder may have toned down their plan for unlocking value (which appeared in a couple of articles in TheEdge previously). My guess is they have bigger problems to deal with for their other Indonesia investments due to the weakened IDR and other economy related issues. Still, Neratel may have transformed into a bigger Cash Cow (I hope), with their Leasing Model.
Let's monitor their Quarterly financials closely and make decision accordingly. In the meantime, I'll be divesting my huge short-term stake which I'd built up at +/-70ct (most 71.5ct to 73.5ct), target latest by xd (may keep some to sell after xd)… 😀