This is my first and likely last post on Popular Holdings Limited (P29.SI). I bought the stock around early December 2014 at 24 cents per share. Last Wednesday, on 14 January 2015, Popular's boss Mr Chou Cheng Ngok made a
voluntary conditional cash offer to all Popular shareholders. The offer price was 32 cents per share. I will accept the offer and pocket the 33% profit.
Luck Plays a Big Role
I am not claiming credit for the stockpicking. I think it is pure luck especially given my timing (shorter than two months). I certainly did not buy the stock predicting that there would a voluntary conditional cash offer and at that level of pricing.
My investment reasoning was plain simplistic then.
I was looking at Popular's
half year results announcement. Below is the report extract on earnings per share (EPS). Popular's half year ......
