We have had some questions from members about what to do with the new Tuas Ltd (TUA) shares that have been distributed to TPG shareholders as part of the merger with Vodafone.
The original intent was to wait until shares begin trading on a normal basis so that we can take advantage of better liquidity, and with the Momentum Strategy rebalance so close behind. However, liquidity has been better than expected and TUA shares have been very strong, so we are going to advise members to get out of TUA shares today instead.
Remember that the current value of TUA at $0.95 is worth only around 6% of our original investment into TPG, so please take into account your brokerage rate before selling and the lower the TUA holding size the less benefit in selling. Otherwise, we are recommending members holding TUA (resulting from the spin-off from TPG) sell the stock at around current levels.
