Another bad thing. When KLCI go up, Sealink's price go down but when KLCI go down Sealink's price also go down. If you plot Sealink's price against the KLCI it will look like X in the graph.

75% below IPO price, 63% below NTA, no shares buy back program, shares prices depressed/suppressed & arbitration case with Boustead Penang Shipyard don't know who had defaulted on the shipbuilding contract, meanwhile the directors continue to draw their remuneration and enjoy their perks.

This is probably the major shareholders strategy, suppress the price then acquire at very low price from the minority shareholders like you and me.

Got movement recently for in 1 or 2 days but each time it moves a bit, some insider dumped more shares to suppress its price.

Based on the 2012 Annual Report, the 30 largest shareholders held around 85.68% or 428 million shares as of 1st May 2013. Can anyone predict correctly the major shareholder (from the 30) of whom is selling down the shares aggressively for the past 3 months? Great Eastern Life, maybe?

Beside some T + 4 contra forced-selling, some insider/party is dumping to supress the price. Don't know why?

Yes, I agree. Today is T + 4 settlement for 22 Jul 13 (Monday) fizzled-out uptrend and 29 Jul 13 is T + 4 settlement for 23 Jul 13 (Tuesday) fizzled-out uptrend. Essentially, today and Monday there will be some force-selling imposed on contra play. After that .......... ???

A lot of dumpers at RM 0.355. KWSP has dumped its entire stake of 17.458 million shares in Sealink Berhad between 2010 to 2012. I wonder which other institutional investors are doing the dumping now in 2013?

Other than the 30 largest shareholders (85.68%) there are 14.32% of combined minority shareholders holding approximately 71.6 million shares. Assuming that the 30 largest shareholders don't sell their holdings, at this rate of dumping there will be no more shares left to dump by the minority shareholders therefore the only direction for the share price theoretically is UP.

It would appear that someone kept on dumping the shares to push down it's price to RM 0.335 level. The dumpers could be made up of long suffering & fed-up investors that had held on to it's shares since IPO days in 2008 (RM 1.25) or contra players (T + 3) had been caught by the recent short-lived uptrend. Any idea?