Share with all posters in this thread: Though I have bought in...

Share with all posters in this thread:

Though I have bought in 100k shares today (9% of me), I read deeper through the top 20 shareholders at the end of each annual report since 2005.

The change of the names of those 20 largest shareholders kind of tells a story of value destruction in this company's history.

Whichever you choose, those are famous investment companies run by smart guys and obviously most of them just ended up cutting the loss and left, including Argo, BT, National Nominees...etc... Most of them must have seen it as a deep value target by the time they decided to jump in but BOL just killed them one by one, again and again.

A philosophy question for myself at this particular moment, I do see limited downside risks and management's effort and success in reducing debts orderly and cutting cost effectively under bank's control. But what can we not see like those big fundies in those early days?