Rasmala – Returning 2/3rds Market Cap

Added a touch to Rasmala.

They have just released 2016 results.  They were not good, in most ways, but there is still opportunity here.

Alternative Liqudity Fund – adding a touch

Added a touch to this at 17c last week…

It has done very nicely since I bought – returning 7.5c when I paid 13c for the shares to start with, hopefully the returns of cash will continue..

See original post for investment case…

https://deepvalueinvestments.wordpress.com/2016/08/21/alf-net-assets-6x-market-cap-cash-half-market-cap-potential-5-bag-opportunity/

Selling DCI – Delay in returning cash / Portfolio update

Changed my mind on DCI.  This is not to say I wont get back in if the price falls more.

I am getting out more or less flat. Announcement that they are going to use Pearl Island cash for working capital and that:

“ The Board will re-evaluate the Company’s distribution potential when there is more clarity on the pace of additional disposals.”

Makes me think selling these assets may take a while longer than I initially expected… I’m also more concerned about the price… I always was a bit concerned about the quality of this one…