FY13 4Q results is to be announced soon, with 6 market days left, we can expect it will be announced anytime from now. So VT definite knows something we don't know, if not, why he bought at such a high price?
no. I dun think he is selling, he is upping his stake in REDTone, so since he is upping his stake, he will not sell, he will try to get more as possible :)
VT acquired Redtone abt 6 million shares shares in range of 0.68-0.70 on 19/7/13 last Friday worth abt RM4 million+. Good announcement indeed showing big shareholder confidence in increasing their shares. Something good coming soon, hopefully its BIG and benefit all the shareholders as well. :D
viper88, as what gimmy2u has just updated, on 19.7.2013, the price of redtone is between 0.775 to 0.805. So VT must have acquired the shares between those prices.
simple guys. do the math. The LTE license where awarded to Puncak, U mobile, Redtone, Digi, MAxis, Celcom. Redtone, Maxis and Umobile are considered 1. Celcom may join the band wagon.
Published: Tuesday July 23, 2013 MYT 6:33:00 PM Updated: Tuesday July 23, 2013 MYT 6:35:53 PM Vincent Tan buys nearly 6m shares of RedTone
KUALA LUMPUR: Tycoon Tan Sri Vincent Tan bought 5.978 million shares of REDtone International Bhd on July 18 and 19.
A filing with Bursa Malaysia showed he bought the 1.22% stake from the open market. The share price closed at 80 sen on July 19, which was the highest since December 2005.
The filing showed he was also deemed interest in 66.20 million shares or 13.58% stake in REDtone which is held Berjaya Group Bhd.
REDtone is a telecommunications company and a Wi-Fi infrastructure builder.
my honest opinion about the technical chart is that it would go sideways, cover the gap between 0.76 to 0.78, consolidating in this region. probably waiting for news inflow or volume to build up before any other movement.
Since Vincent Tan has bought more redtone shares very recently. Does it mean that the rumour that he has a plan of injecting U mobile to Redtone could be true or this is his eventual plan to do so ?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
air01557
2,511 posts
Posted by air01557 > 2013-07-23 17:11 | Report Abuse
I made good money here and will buy back at 68 sen on Monday !!