I know this stock is expensive comparing to other stock with similar assets. The reason I am holding the stock is because Lion Nathan is still negotiating a deal with the parent company TCCC to buy entire company over the Christmas holidays. If the deal goes ahead, the share price is more than $10 a share. You are absolutely right for the price I paid is too high. I think it is buying the brand like Gucci handbag or Porche Sports car, you are paying the premium for it. I will sell when the takeover bid happens.
CCL Price at posting:
$9.05 Sentiment: Hold Disclosure: Held
