Another business I increased exposure to in 3Q 2018 was Wilmar.
As its share price went under $3.00, I simply had to buy some.
At that price, I believe Wilmar was very undervalued and based simply on NAV per share, it was.
If the constant buying by insiders as the share price declined was anything to go by, I am in good company.
When the soft commodity cycle turns up again and it is just a matter of time when it does, Wilmar will be a major beneficiary.
Apart from this, I am also waiting for the listing of Wilmar’s Chinese business in 2019 which would probably help to unlock some of Wilmar’s true value which has gone unappreciated by Mr. Market.
Wilmar has become a more valuable company over the years on a per share basis but its share price has languished …