Fund InvestmentsSGS caused $7.2M of unrealized losses; REPL $6.682M of unrealized losses. However, both have been gainers for GUD throughout the whole investment period: $6.5M of gains for SGS and $8.6M of gains for REPL.
Regarding potential unrealized losses for Q2, these two could signficantly affect GUD's net income once more:
“For example, through its strategic fund investment, Knight has recorded life to date unrealized gains on investment in SGS and REPL, refer to Section 10 for further information. However, as at May 10, 2022, SGS’s share price closed at USD 3.38 and USD 14.48 respectively. Should the share price of SGS and REPL remain at this level the Company would record an unrealized loss of approximately $4,151 [USD 3,189] and $1,697 [USD 1,304] respectively. The Company’s Board of Directors regularly reviews and approves equity investment decisions.”