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2021 in Review: Grow Together to the Moon!
Elon Musk is not just an entrepreneur who starts businesses but a dreamer who wants to accomplish great things.
He wanted to reduce the carbon footprints, so $Tesla(TSLA.US)$ came out.
He also wanted to help humankind "colonize" Mars, so he established SpaceX.
He fulfills his dreams step by step and takes human civilization to the next level.
Apart from all the great works, he's like the Thanos in real life. He is visionary but controversial. His tweets are so powerful that they may cause significant damage or make quite a contribution (IDK) to our portfolio. Let's see how did he "snap" in 2021.
If you follow Musk to invest, you may find yourself playing the game of "He loves me... He loves me not. He loves me. He loves me not… "
The tag of being capricious has been slapped on his back since a long time ago. Well, his unpredictable actions indeed came to us with big shocks. However, we can't deny that his companies give decent returns to shareholders.
Do you think this dude can keep surprising us and making his name the word of the year again in 2022?
Do you agree or disagree with the word "Musk" here?
Which words do you think could best describe the 2022 stock market?
Comment below with your word of the year "candidates" to let us know.
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Word of the Year: Apes
Word of the Year: Vaccine

1. Tan Ming-Liang and Lim Kailing are offering HK$2.82 per share in a bid to delist   $Razer Inc.(01337.HK)$ 
2. Razer was listed in 2017 at an IPO price of HK$3.88. This will not go well with some shareholders who have bought at higher prices than the offer price.
3. The insiders shouldn't be blamed since the market determines the share prices. Investors should know the risk of stock investing - there's no guaranteed profits.
4. But a delisting offer timed at a point where the share price is below the IPO price will appear to be opportunistic. I believe shareholders would prefer the stock remain listed such that there's a chance share prices can go up in the future.
5. Some may complain that Tan in 2020 received US$10.457m in compensation (US$9.871m was in shares). This was more than the US$805k net profit generated by Razer. He was reportedly looking to buy a GCB in Jul 2021 at a price tag of S$52.8m. Some shareholders may feel they got the shorter end of the stick while the insiders benefited.
6. I have no issue with such compensation as I think the performance made him well deserved for the reward. He took the risk to start the business and managed to grow it to a US$1b revenue business and turn it profitable. Revenue grew at 33% CAGR in the past 5 years. I just don't like the delisting offer.
7. One of the consequences of being a publicly listed company means you have one more stakeholder to answer to - the public shareholders. They may not understand the insiders' situation and will only look after their own benefits, who doesn't? Such seemingly 'low-ball' delisting may leave a bad taste for these investors.
8. Razer contemplated to list in the US because they believe that they would get a higher valuation. Firstly, most of their revenue were generated in the US and the US market has a deep and wide investor base. Secondly, it has lots of liquidity due to QE and inflating Razer's share price shouldn't be a problem.
9. But it would be a slap on Razer shareholders' face if Razer delist and relist in the US at a higher price.
10. Competitor   $Corsair Gaming(CRSR.US)$ is trading at PE 17x and PS 1x. Razer is trading at PE 49x and PS 2x.   $Logitech International(LOGI.US)$  at PE 14x and PS 2x. So it seems like Razer's offer isn't that bad as it is already the most 'expensive' among the 3 players. Shareholders don't think this way. They will compare the offer price against the price they bought and feel unfair if the offer price is lower.
11. It would be better if they just keep the company listed and continue to focus on the business. Leave the share price to the markets. No good reasons were given for the delisting offer. I find it disappointing and expect better from a well-respected entrepreneur of a popular consumer brand. It looks opportunistic with this offer.
12. Shareholders will vote on the offer and need 75% to approve it and not more than 10% against it during the meeting. I am not sure how the shareholders are taking this. I'm not a shareholder.

$HSC RESOURCES(01850.HK)$ a lot of ‘ advisers’ here trying to sway you to their interests. do your own research

$HSC RESOURCES(01850.HK)$ some other scammers might encourage your to sell because they short it

$NIO Inc(NIO.US)$ $Li Auto(LI.US)$ $XPeng(XPEV.US)$ Woody was really right about the Chinese EV stocks he predicted way back in August! 👍

I'm down but everything that's down a lot is still significantly above my cost basis.
Added a small amount of DIS $Disney(DIS.US)$ . Otherwise, everything is pretty meh.
Might buy more dkng $DraftKings(DKNG.US)$ tho $Thor Industries(THO.US)$ , average down some...sigh.