Sold Genting Singapore some 11 months. The stock, as we all know, has risen almost 40% since, mostly due to the opening of RWS and the proposed divestment of its UK operations. The rationale given then for my sale, was that I was not in a position to partake in the rights issue as I had to cough up a bit more cash.
Without the benefit of what we know now, I still think that my divestment was "alright". The point is, the Genting Singapore we are seeing now is an altogether different animal. Through a sleight of hand, Genting Singapore has become a pure Singapore IR play, unlike its Malaysian parent company. All the technical faults notwithstanding. Genting Singapore is a more attractive stock then it was 11 months ago.
On a side note, I am thinking of getting some stocks. My dilemma follows: should I sell some of the smaller holdings and inject the funds as well as new funds into existing stocks. Oh Well.
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