According to online reports, the shares of Singapore Press Holdings Limited is now at one of the lowest points it has been in the past five years. Valued at SGD 2.40 as of today, it has taken a huge dip, as compared to SGD 2.61 a year ago. Many netizens have taken to weigh in on the situation.
In a Facebook post earlier today, a prominent figure and former academic shared a post with the graph showing a comparison between the shares of Singapore Press Holdings Limited and The New York Times Company.
He also wrote, “Man, i was friggin prescient about a year ago; should really have shorted it”.
Shorting, or short-selling, is when an investor borrows shares and immediately sells them, hoping he or she can buy them back later at a lower price, return them to the lender and pocket the difference.
The dip in the price of SPH shares was also noticed by blogger Andrew Loh, who commented, “The last time its shares were this low was during the 2008/9 financial crisis ($2.65 or so). It closed at $2.38 yesterday, down 50% the last 5 years”.
Many netizens commented asking how the shares could be brought back up, wondering if this was a current trend.
TISG reached out to the academic for further comment.