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.

1 comment:

sn6188 said...

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, 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.