IBL Fund Update – Teledata.SG

Closing to 11 Months since inception. Our price of first purchased and after right issues are averaged around SGD 0.007. With the price of SGD 0.011, we have an estimated of 57% for 11 months. We missed an opportunity to sell off and buy back before right issues. However, we are still confident that we should leave only if we have more than comfortable return. Since the company is continue recovering and one of the largest share holder is also DBS Group. (How they got it we dont know)