Shares & Derivatives
Global Investment Limited In Crisis Mode- 48% of Its Net Assets Are In Bank Contingent Convertibles (CoCos).
By Investment Income for Life  •  March 20, 2023
It has been a long time since I last write-up on Global Investment Limited ("GIL"). GIL used to be one of my favourite counters as I find its market trading price to be grossly undervalued to its net asset value (which is mostly reflecting fair value accounting). Anyway, I have sold off most of my shares in GIL during September 2021 to October 2021 when it last traded at a high of S$0.154 to S$0.155 per share- my current residual shareholding is only 1 share which is an odd lot leftover from one of the shares for scrip dividends exercise.  Given that its price has slumped  by <27.1%> to S$0.113 per share and offering up till 6.7% dividend yield, is it a good buy now?
  1. Banking sector crisis Given the cracks appearing in the international banking systems, holders of Bank Contingent Convertibles (CoCos) are now being exposed to an all time high risk. CoCos are the lowest rung of bank debt created during the
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By Investment Income for Life
I am an Accountant by training and is currently working in a global MNC in the Supply Chain industry. During my free time, I enjoy reading up on topics such as stock investing, insurance planning and property investment. Since 2012, I have started penning down my thoughts on certain financial matters while striving to achieve financial independence.
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