The majority shareholder ENOC indicated in March that they would make an offer, finally mentioning a 735p price on the 21st of May. Not as much as I'd hoped, and the market seems doubtful the bid will go through.
ENOC is a refiner who badly needs E&P capacity to sell oil domestically. A previous opportunistic bid in 2009 was defeated by minority shareholders. Don't know what will happen now - the takeover may fall through, or they may increase the price.
This company is not a long term investment, despite the good numbers. "Oil" and "Turkmenistan" make it too risky to build a meaningful stake. Don't want to be left holding it if the takeover falls through. Better to sell now for a quick 20% gain.
Profit is SGD 4437.43, including dividends. Right now, the results, and the process - being able to wait for a commodity to become undervalued, find ways to invest in low cost producers while managing risk, and waiting for the payoff - mean more than the money does. Prove you can make a plan and follow it.
Incidentally, Turkmenistan's president just unveiled a 65ft high, 24k-gold, overcompensating statue of himself riding a horse.