Petra Foods (I am invested) has seen a sharp decline in its share price, diverging from the Straits Times Index over the past month. Petra has sold of its ingredients business and this obtained approval at the end of June 2013. Dividends were slightly higher year-on-year but no special dividends have been announced with the sale and this probably has added to the selling pressure. Furthermore, as Petra announced its second quarter results, it also announced changes in key management, namely the CFO and COO.
I believe that the stock is attractive at current prices but I already hold a significant amount of stock relative to my portfolio. The upside is that its strategy is correct and special dividends are imminent. The downside is that all the information has been priced in (particularly in a bullish market) and that the stock trades thinly.