Sorry for the long absence.
Bought a bit of Raffles Education today for investment.
Hope the worst is over for them. Net Tangible Asset (NTA)/share is about 38cts. So nothing much to lose at the current price of 37/38ct.
Price to Book ratio is 0.71 while Price to Tangible Book ratio is 1.04. (source Reuters).
Am bottom-fishing (using extra cash) to gain maximum return.
Target to let go at 52 cent and above.
Bought a bit of Raffles Education today for investment.
Hope the worst is over for them. Net Tangible Asset (NTA)/share is about 38cts. So nothing much to lose at the current price of 37/38ct.
Price to Book ratio is 0.71 while Price to Tangible Book ratio is 1.04. (source Reuters).
Am bottom-fishing (using extra cash) to gain maximum return.
Target to let go at 52 cent and above.
...
