$Soup Holdings(5KI.SI)$ James trying to sell off his soup shares at different prices 6.5 till 9 cents🤭🤭🤭 He was just trying his luck to see if there are any suckers who will buy it off his hands. Needless to say, none! Who in their right mind would want to buy something that is losing money for 2 consecutive years? For dividend yield perhaps? Nah, less than 1%. Soup is now paying dividends thru its operational cash coffers, and soup been losing money. That will mean cash flow continues to shrink. Couple with a challenging FnB environment, future remains bleak.
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Put in in perspective, $200k =
1. 1kg of gold.
2. 9000 shares of OCBC paying u dividend yield of roughly 5%
3. Put it into FD can generate roughly $3000 interest.
What did BOS get in return of his $200k in soup. Probably $800 in dividends which he say can use to eat at soup for free🤭🤭🤭.