My SEA investment thesis was all wrong. I see that clearly now.
I thought the forced selling prior to the redom was keeping SEA’s SP artificially low. I thought it would correct to a fairer level once it listed on NASDAQ. I thought this would happen immediately - within a day or so of listing
Obviously that never occurred. I was fortunate (lucky) to sell my holdings at a minuscule profit on the last day of ASX listing (remember that unexpected spike)
On retrospect, it seems the redom inflicted enormous and lasting damage to the SEA/SNDE share price. Furthermore, it was inflicted at the worst possible time (during a steep sell off in oil stocks)
I suppose one may take a longer term view, pinning one’s hopes on a mid term POO revival. It’s a plausible scenario. But even if that occurs, I don’t believe the decision to redom was a smart or well executed decision
SEA Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held