I think the reason for the jump of Thakral over the last 2 days is due to this news
https://www.afr.com/street-talk/land-lease-giant-gemlife-eyes-700m-plus-ipo-at-2b-val-roadshow-on-20250521-p5m103
and the fact that Thakral acknowledge GEM life is indeed taking a step further to realizing this IPO.
2 years ago, I blog about thakral, investing in it due to its 7.5% high yield and speculating that it might be taken private due to the big gap in Thakral capitalization and its Gem Life's stake value.
https://sillyinvestor.blogspot.com/2022/12/thakral-gem-under-rubble.html
From the article above, GEM life IPO is valued at 2 billion, and hence Thakral stake should be worth around 600 mio, as a ball park figure.
After the big run up, Thakral capitalization is only 180 mio. Assume 50% discount, there is still a big gap of 40%, AND YOU GET THE REST OF BUSINES FREE.
GEM life contribute only 50% of its profits.
Okies, now, finally, the sillly silly pathetic sillyinvestor, finally got a good real muti-bagger of almost 200%. No gimmacks of using lowest purchase price over average price, or paring down stake early.
