Stay clear of un­listed shares

Finweek English Edition - - MARKET PLACE -

Sev­eral read­ers have asked for my thoughts on the Oceans Ho­tel place­ment of shares at 2 000c each. Hav­ing read the prospec­tus, I have some con­cerns, but they are all moot as I never in­vest in un­listed shares. I tried a few un­listed shares in the 1990s that were all full of prom­ises, but a lack of price dis­cov­ery due to prac­ti­cally no liq­uid­ity al­ways saw me poorer for the ex­pe­ri­ence and strug­gling to sell. So, if a share is not listed on a recog­nised ex­change, I just stay away from it and that’s how I am treat­ing this of­fer­ing.

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