I have had time to update my thoughts after reading Boustead’s FY16Q4 results. Boustead has always been a tough company to fully comprehend, mainly because it’s 3 main divisions (used to be 4, with the water treatment division) are in seemingly different industries with little synergy between them. I do not regularly update or keep track of the average price of my Boustead shares, inclusive of dividends as Boustead is a long term holding, and I have been receiving scrip dividends, which in turn has generated further scrip dividends for me. It’s quite a hassle to update that. I have held Boustead shares since 2013, and as of the time of writing, still own about 50K or so lots. I shall skip the history and the detailed analysis of Boustead’s PAST business operations, because this is a company with a long and chequered history. I have analysed the past 10 ......