GLE 0.00% 21.0¢ glg corp ltd

I resonate with the "cigar butt" mentality @aruc6393It's just...

  1. 85 Posts.
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    I resonate with the "cigar butt" mentality @aruc6393

    It's just one of those stocks that has no potential to rocket overnight.

    Having said that, there is a significant asset buffer in place offering much downside protection.

    I think the most significant catalyst for price appreciation as seen mid last year is the renewal of a dividend.

    the liquidity issue is a double edged sword. I think it is easier to get bought out/go private by the major holders one day but also means you must buy and hold or you could face selling at a significant loss.

    I'm willing to take the punt as they haven't made a loss since IPO and I think the resurgence of a dividend is a good sign moving forward
 
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