When I shared my full year results end of last year, I mentioned ARA Asset Management's offer of $1.78 a share and how it translates to 35% to 78%capital gains for me if the offer is to be accepted.
At the time, I had a fixed deposit maturing and ARA Asset Management's share price was at$1.71. So, I decided to plonk the money from the fixed deposit into their stock.
It looked like it would be a sure win, an arbitrage opportunity, and I would get a 4% "interest rate" so to speak within half a year or so.
At the time, I knew some shareholders thought $1.78 was too low a price and I knew there was a possibility that the offer would not be accepted. No issues, I thought. I could keep the investment and receive 5c dividend year after year which would give me a yield of around 3%......
HI I would like to hear from you China Oil Aviation. I know in the past it collapsed after speculation of oil contracts and lots of investors do have second fear of investing in this stock. What is ur views.