tag:blogger.com,1999:blog-6833372664905554734.post786201359644529790..comments2024-03-23T03:41:27.086+08:00Comments on Corporate Governance in Malaysia: SPAC's: Boon or Bane? (2)M.A. Windhttp://www.blogger.com/profile/16833927103193297126noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6833372664905554734.post-46327788968261617092013-04-18T17:16:04.659+08:002013-04-18T17:16:04.659+08:00Thanks for the information, agree.Thanks for the information, agree.M.A. Windhttps://www.blogger.com/profile/16833927103193297126noreply@blogger.comtag:blogger.com,1999:blog-6833372664905554734.post-19854516936730990262013-04-17T18:13:31.366+08:002013-04-17T18:13:31.366+08:00I am surprised that none of the strong advocates f...I am surprised that none of the strong advocates for SPAC have commented on your latest article. <br /><br />At its latest price, Cliq, offers at least 10% return based on the residue cash value that investors can get for rejecting the deal on acquisition date. This is equivalent to at least 3% p.a. assuming no acquisition is made by 3rd year but more likely to be yielding 10% return within 6-12 months as management will likely make an acquisition by then. It is essentially a bond with potential equity upside and at its current valuation should be very attractive to investors who are believers of SPAC. <br /><br />It effectively embodied all the best protection offers by SPAC. i.e. an assured rate of return with equity linked upside but to my surprise, hardly any promoters is talking about it now. Fundamentally, I will imagine that the stock should be even more attractive for those investors that have participated during its IPO.<br /><br />Looking at how Cliq is trading. I think it is not only a case of Buyer Beware but also as importantly a case of Buyer Aware. Investors should make more effort to understand the nature of their investment and not hope to strike gold on the first day of trading, especially on a biz that has no biz. <br /><br />Shadowhttps://www.blogger.com/profile/14500347989149151026noreply@blogger.com