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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.
1 comment:
I'm a recent admirer of your Turtle porfolio, and have bought CMBX25 and iCap. Wish to seek your views on Time Dotcom. After reading analyst briefing slides at www.time.com.my, the latest annual report & quarterly results, I truly believe the latest price movements may be due to fundamental changes in its business model, under the new ceo & substantial shareholders. This is a potential dividend generating cash cow with higher internet traffic over its fibre optic network.
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