This shall be a short post.
The past few weeks have been eventful for me.
– Well work wise, it is getting busier. Working later. One of the colleague has resigned, while my immediate superior has been hospitalized.
– The announcement by Temasek to take SMRT private is another interesting turn of events after LTA’s takeover of SMRT’s rail assets. I do own some shares of SMRT. However since most of the shares were bought in 2010 / 2011, the prices which I have bought them were in the range of $2.10 to $2.13. So if the privatization is successful, I would have lost money. Personally, I think SMRT non-rail business is doing fine, and I don’t mind holding on to the shares.
– Earlier this month, another of the stock which I have invested in (Nirvana Asia) may also be bought out. On 8 July 2016, Private-equity firm CVC Capital Partners said that it agreed to pay $1.1 billion to buy out Nirvana Asia Ltd., Asia’s largest funeral-services provider by revenue. They would pay three Hong Kong dollars (39 U.S. cents) a share to take Nirvana private.
Nirvana Asia was only recently listed in end 2014. I do particularly like the business model of this death care company.
– The final most unexpected piece of news is from my parents (who are in their lates 60s and late 70s). They bought a second property (a 2BR condo unit) for approx. $1.1 mil. They just wanted to enjoy life at the late stage of their life. Oh yeah, with their age they can’t take up any loans, so they need to pay it off within 4 years before the TOP. My dad said he probably have to empty up all his savings and shares to pay for this.