[caption id="attachment_1567" align="alignright" width="150" caption="Photo by ~yienshawn92~"][/caption]

...what to do with this laggard stock in my portfolio

Ellipsiz has sold its building in Joo Koon Road for S$4.4mn against its book cost of S$0.7mn.  This would increase its NTA by 0.86 cents to 8.89 cents. This sale is not surprising given that the reinstatement costs would be about S$2.6mn (also claimable from insurance) and is better than a recent valuation of S$4mn. Ellipsiz has been one of the worst performing stocks that were added to my model portfolio in June/July 2009 - its up about 5% since it was included compared to Sinomem and Broadway which have risen 135% and 200% respectively.  I also had some concerns when its then Executive Chairman Xavier Chong sold some shares and became non-executive chairman. Read more...