To me it's obvious that Yongnam will be there to grab lots of strutting contracts for the biggest infrastructure projects in Singapore just around the corner -- ie, Thomson MRT Line and North-South Expressway.
The business & the stock have been an underperformer this year, resulting in the expiry of the warrants. 23.5 cents is a sorry level to stay at for so loooong. Will it make a move up next year? Or 2014?
Good news for long term shareholders as worries about earning dilution is removed with the expiry of warrant. Still holding on to my Yongnam at average cost of $0.24 Hope some new contract announcement will bring in the bulls....