An Isreali newspaper has released news that TSEM is making efforts to regularise its share and bond issues which were confusing and holding back investors. Basically, when in financial trouble some years ago they issed bonds to banks that in theory were convertible to shares thus scaring investors with the possibility of the share count doubling and the value thus dropping. Apparently the company has been in discusssion with banks for some time to regularise this, and at last it appears they are succeeding. This has caused a sudden rise in TSEM shares as investors are realising that at less than a dollar they are value for a very successful company that shows continual annual growth of over 25%. Anyone who took my advice a few weeks ago will now be showing gains of over 20% already with the shares set to pass $1 this year and maybe get as high as $2.
No comments:
Post a Comment
Please leave me any comments. I look forward to replying.