This is really like Déjà vu again and again and again!

The following graph came out in my first article in July 2021 where I ponder if FSH is giving a second chance to bite the apple.

I bought the shares in FSH at an average price of around HKD 0.80.

Then FSH got suspended (for a very long time) pending the finalisation of their sale process to Sunac Services Holding at HKD 2.617.

As I awaited with bated breath, I lamented on the unnecessary risk which I had undertaken (Evergrande is already in trouble then…).

When the FSH got back to trading, I immediately sold at HKD 1.95 and heaved a sigh of relief that everything turn out fine for my subscribers and I.

Then 11 days ago, I got back into FSH at HKD 0.6985.

If you look at the chart for the last 5 days, the return has been 69.01%!

Michael (one of the subscriber to the newsletter) in our chat about FSH wrote “don’t look a gift horse in the mouth”.

This is the first time I came across that phrase and I need to google a bit to understand more.

To understand this idiom, we must understand a bit about horse's teeth. They grow over time. So, checking the length of the teeth is a way of knowing the horse's age. Although I have never given or received a horse, I'm guessing a young horse makes a better gift than an old one.

-Don't Look a Gift Horse in the Mouth' (voanews.com)

I tend to agree with that philosophy, thou there are gifts that are not always welcome.

I have no idea what rumours are swirling around FSH (not privy to any insider news) but it looks like some form of M&A activity again…

I am halving my position which I took up 11 days ago as it is time to de-risk the position.

If you are interested in my journey for FSH, do read my previous article.

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