Clark,
<<It is a grab of UK sterling hard currency assets by SIDBY.
>>
Actually it is a dilution of minority shareholder value (in this case in Sidby Pilipinas), specifically at the behest of the parent corporation, in order to save (or beef up) another unit. Which is the concern that I am raising. With so many units out there and the propensity of these companies to behave in the ways of a Korean Chaebol or Japanese Kereitsu, one has to worry about the discretionary powers when so many different units or businesses are involved. The other concern is simply, how do you follow such a company? Actually, it is so cheap I guess you could just throw some money at it and hope for the best, believing that where asia goes it will go. But from where I sit even that isn't much encouragement. I think Asia seems hell bent on going back to the sultry, festering, kempong days.
Actually, my dear Clark, you've asked while I am caught up in a not so objective frame of mind, but I spose you know that already. I'll trust your good instincts to filter appropriately. P.S. Don't ask Bernie either... I expect him to start picketing Mahatir's residence any moment now, holding up a sign high over his head saying Mahatir! and then followed by two words that are not "Happy Birthday". <G>
best,
Stitch |
