Shares & Derivatives
My story of Aztech and Bakertech II
By Rainbow Coin  •  December 25, 2017
I have talked about my Aztech story in the previous post, now let's move on to the second story, which is BakerTech. The stock is still trading on SGX. 2. The Baker Technology story Why I invested in it? It's got an attractive dividend yield for its share price and the oil industry was doing very well back then in year 2010. I recalled there was a special dividend in 2013 of $0.085 per share. If you searched around, quite a few finance bloggers / sites did cheer-leading for this stock till year 2014, which further boosted my conviction that this share will do well. Imagine those who bought in early 2014... What happened? After the oil crash in year 2015, its share price only seen the downward spiral, due to impacted earnings. This decline has not seen reversal to date. (I missed subscribing to its warrants issue offer of 2 for 5 @ SGD 0.01 in year 2012 when its share price was still ok then.) ......
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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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