Monday, August 2, 2010
Turtle Portfolio Update
(Click on the image to see details)
Added $ 888 saving to August.
Had a big reversal in Turtle portfolio after lying low in the last two punishing months. Return on capital is 18%.
Thanks to Ananda Krishnan for taking Tanjong private. It certainly helps to boost Turtle's return. Taking his offer of 21.80/share generating about 35% return but at today's market price is 31% only. This is the right way to treat minority shareholders with a fair cash out offer.
Turtle is still short of 12% to achieve target of roughly 10% per annum. Looks pretty tough even though Turtle is still 7 months away to 3rd anniversary.