I have a small investment in Second Chance. Local Singaporeans will know Second Chance as a retailer in Joo Chiat or Geylang retailing Malay Apparels.
I used to live in that area when I was small so I am familiar with them.
Since then, they have moved on to join in the property rental business. In the GFC, their CEO purchase many free hold shops which is earning good rentals now.
The interesting thing is that as a stock, it has been steadily climbing. So has the dividends. My average cost is around 35 cents and the dividend then was 3 cents making the yield around 8.5%.
Since my purchase they have issued a 1 for 1 warrant with a strike price of 40 cents. I have since sold off the warrants for a good profits.
All in this has been a good investment. And I am sure its ......