Privatisation

stocks with low liquidity
big discount to NAV
nice cashpile, or recurring cashflow
the much maligned category called S-Chips.

San Teh is an example. Just announced privatisation offer at 98% premium to stock price,

trading price 15 cents, when NAV 50 cents.

zero debt, cash $23 m, versus market cap $52 m

privatisation offer 28 cents,

Rex, on balance, is better off being a private company. Since its IPO, the market has not shown any appreciation for its "technology".nor its oil assets.

It values Rex at around its cash level currently.

Market cap now about S$106 million based on 8.2 cents share price.

Compare that to its liquid assets comprising cash, cash equivalents and quoted investments of a total of US$70.75 million (S$98.34 million, as at 30 June 2019).

Sleepy stock World Precision Machinery has been for months & years.

But in the last 3 days, we saw increasing volume and price spike. Share price went from 17 cts to 21 cents.