Just got the news yesterday that Sim Lian have offered to take the company private at a price of $1.08 per share. Its last closing price on Friday was trading at $0.94, and this morning the price lifted by 13.30%.
Looking at Sim Lian gives me nostalgia as this was one my earliest stock I bought in building my value stock portfolio.
My average price is $0.76 representing a 40% gain based on today closing price, or potential 42% gain based on the offer price.
I remembered the reason why I bought the stock was because of its consistent yearly 6%+ dividend yield, low price to book with assets largely made up of properties and little debt.
Not too bad for a stock that has 60% drop or more on both of its revenue and profit as highlighted by MotelyFool:
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“In its …