Tuesday, August 19, 2014

Sinolink Holdings - partial sale

Before heading off on our summer holiday in northern Hokkaido (very beautiful), I placed a few small out of the money sell orders on Sinolink Holdings (HK:1168). Both orders were triggered at HK$0.70 and HK$0.72 respectively generating a modest profit. While I was reluctant to sell these shares given the size of the discount to NAV (they are actually trading at a material discount to cash backing), I would like to take a little bit of money off the table as the market rises and a small cap company which does not pay dividends was my choice.

I still hold most of my position in Sinolink Holdings which was purchased at an average of HK$0.64.

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