Friday, December 09, 2005

WBL climbs in recent weeks

A counter listed on the Singapore Exchange held by Third Avenue has rocked up in recent weeks.

This blog last mentioned Third Avenue's substantial holding of WBL on 10 Oct (S$3.52). [Link to post]

This revelation follows our first post in 13 Sept 05 where we pointed out the severe undervaluation of WBL (at S$3.40). [Link to post]

WBL closed at S$4.38 yesterday. This represents approximately a 30% gain in a space of few months since the exchange reported Third Avenue's substantial shareholding.



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