Sinarmas @ $0.405 / Sinarmas W151118 @ $0.23

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. 😀

Bund Centre 250 @ $0.515

Sell @ $0.515. Got this as dividend-in-specie for AFP (1-for-2). AFP was bought in a moment of speculative fervour in 1996 (known as Amcol). It was suspended one day after I got it and several top management staff were subsequently investigated and jailed for commercial crimes. It was suspended till a white knight from Indonesia did a reverse takeover and renamed it AFP. Was also issued Golden Agri some years back and also sold that. Don't think I'd recovered my original cost. 😀

Golden Agri 10 @ $1.50

Sell @ $1.50. Got it fm AFP bonus issue of 390-for-1000. AFP was fm a earlier era when I bot’ Amcol which got into trouble due to internal irregularities and was suspended for a long while before AFP came along as a white knight and did a reverse takeover. Got 1333 shares of AFP + some warrants for every lot of Amcol back then. Lost track of my old records, but was losing money as I bot’ my Amcol for $2.xx. Very good lesson learnt and still hldg 1 lot of AFP to remind me not to chase after hot stks! 😀