Exited Kingboard Copper Foil (SGX:K14)

Today I exited Kingboard at 0.405 SGD. There is a tender offer for all shares in Kingboard.

During the time I’ve owned the share there has been a pending lawsuit from minority share holders against the company.  The story has many twists and turns and you can read more at the blog Cigarrfimpar.

As the shares where tendered at a slight premium to net current assets I am pleased. I decided to sell the shares on the market instead of accepting the tendered offer, mainly because it was nice to take some gains of the table.

I entered at 0.181 SGD, so the gain ended up at +124 % for a 18 months holding period.

 

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