i held it for only few wk's at 3.7 average cost, sold it for a 30% loss. that's it for me thank you, mr Lai, you'll receive your just deserts someday for your evil deeds.
yes, after this ZX loss, I am gonna run-off the stock picking portfolio in the next 3-4 years and never look back. I look forward to owning only ETF's, luckily I am doing well in my south European ETF's. believe it or not, the chinese microcap portfolio is up about 12-15% in the last 12 months, incl: ZX
i am truthful, you may check those symbols if you like. I am still holding 12 out of 22 chinese microcaps, after being wiped out of 6 of them. believe it or not, I have 3 small winners, despite this 3 year bear market. honest CEO's with a genuine growth plan and execution is rare in this space. if you find one, hold on to it for dear life, it will be a 10 bagger or more in the next 3-4 years
you are seeing only the optimistic scenario, i'd love to see that too.
but I've been burned too many times in the last 2 years by novice chinese CEO hubris and malfeasance to believe another miracle
this shows the arrogance of the chinese princelings!
Mr Lai thinks he can just take back his wheel co. and let Richwise pay ZX shareholders with shares with a unknown website with no profits
yes, I agree w/ your charaterization. unfortunately I've been burned by YUII, CNGL, CNEP, SCEI already to believe these arrogant CEO's cares about minority shareholders, because they can steal all the IPO cash and disappear. I took my loss yesterday.
nice analysis of SGA, but nobody can use that trend to like or dislike Hoby.
we just have to trust that he's doing the right things to re-ignite the brand
the online business is a pipe dream
the round number of 300M seems a outrage.
the Lai guy is trying to cash out of a dying website
yes, I am really mad at this CEO, they destroyed value, then buyout at a shockingly low PB. since my cost was well above 4
if you trust Richwise, then this maybe a good deal. but they gave no details on the online business sales and earnings and it's growth rate.
what online travel company in HK is worth 300M? it has to do at least 500M in sales, that kind of business will be well known and well followed.
I cannot fathom why mr. Lui wants to do this to ZX. he could simply take ZX private, or do a IPO of the onlion biz, but to combine the two with no synergies is stupid
yes, it seems like a crime to me. sigh.... I like the wheels biz. simple to understand, now it gonna be complex worthless #$%$