30 Jun '16, 4am

Portfolio Update: Taking a valuable loss on Yuuzoo: When I first invested in Yuuzoo back in April, (here) I fully…

When I first invested in Yuuzoo back in April, (here ) I fully intended to hold on to the stock for a couple of years at least. Naturally, I also tracked their Q1/16 earnings (here ). Unfortunately, I have now taken a 22.7% loss on Yuuzoo and exited my position after a mere 2 months. Lets not beat around the bush: taking a 22.7% loss sucks . However, investing in Yuuzoo was a great learning curve for me which I truly believe will benefit my 10% per annum dream in the longer run. Main Reason for Divestment : I am unhappy with their accounting as previously discussed in my review of their Q1/16 earnings. I was even more dissatisfied with Yuuzoo’s governance in their response to the accounting saga. Yuuzoo first requested for postponement of their AGM on 29th April. I believe they were already …

Full article: http://thefinance.sg/2016/06/30/portfolio-update-taking-a...

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