I’ve been very busy and packed in the past recent weeks running on many fronts so I thought I’ll just take this chance to quickly write an update on the recent position I took with Straco which I bought at 67.5 cents.
If you’d like to understand the past performance of this company you can refer to this great article from LJY which highlights a lot more details (Link Here)
Straco Corp has reported a rather poor Q3 earlier in November and adding further to the news that the Singapore Flyers broke down once again, the share price has plummeted over the past couple of weeks.
In my opinion, the Singapore Flyer breakdown is more an opportunity for investors than concern in the short term because we know it’s likely to operate back in a couple of weeks time (hopefully!) after they have done all the scheduling check. In the long term however,