Stay clear of unlisted shares
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.