I just like to give a short update on Ellipsiz Ltd.
As of today, there was a low ball offer of $0.380 from the CEO.
I have seem low ball offers of my watchlist stock, such as Zagro Asia Ltd, happened before and succeed. But this is my first opportunity of receiving a general offer and I am still excited (even if it is a low ball one).
Anyway I have written about Ellipsiz Ltd previously, which you can read about it.
So now I have 3 choices:
- Yes, I will sell.
2. No and I will ignore.
3. Wait and see, hope for a higher offer.
To decide, I will based my decision on the Enhanced Triple S Scorecard (Do note that Ellipsiz Ltd remains one of the stocks that pass the Enhanced Triple S Scorecard):
Based on 3rd Quarter of FY 2016 results, we note …