I took the opportunity to exit EMG when it was traded up as i had some reservations about the wording "Asian medical sector" and "due to the large asian contingent on the register". For every success like MIG, there's an NNW, E88, SBB, FFG, ESM etc that fall flat and the market always seems to discount these businesses, due to perceived regulatory or even sovereign risk. They did also mention the possibility of an IT biz, so i may get it wrong and their acquisition knocks it out of the park. And NXR had a large asian contingent on the register too and did well. I just felt RYG mgmt have more skin in the game and a lower EV. Really couldn't say which will come first. I hope they both do well and rub off on each other with the Otsana link.
RYG Price at posting:
0.5¢ Sentiment: None Disclosure: Held
