Trustco is starting to remind me of Tigon (remember that one!) where one Jack Milne was propping up the share in a unit trust controlled by the directors of Tigon. That ended in groot trane, with Milne becoming a guest of the State for a few years, living on dry bread and water. Once again I state that whoever is buying the stock, cannot sell one share without collapsing the price.
I would agree and disagree with you.
You right that there is only one buyer. That is risky. I have sold down to my last third, but what happens now is uncertain. My view remains that they are buying because they want more of TTO, and perhaps a corporate action coming. However, nothing certain, no buyer around for a few days, so indeed Caveat Emptor.
I would disagree that it a Tigon though. There are assets, millions and millions of sqm of land in Windhoek for example, a secure student loan book of a billion etc.
Not sure what Tigon had, but while the price could drop if no buyers, do not see it going to zero.