my strategy for Daya is simple: Buy Daya before Reach listing. If Reach opens at a huge premium (above 90sen), I will keep my Daya (dont chase Reach). If Reach opens at a poor premium (below 80sen), I will swap my Daya to Reach.
That way, regardless of how Reach performs, I have exposure to Reach (either directly or indirectly).
But my hunch is Reach is going to open at a huge premium considering that 98% of the shares given to Institution & high net worth individuals.
The Board of Directors of the Company wishes to announce that the Company had on 12 August 2014 received a notification from an Executive Committee Member of the Company, Mr Tham Wooi Loon, who is also a Director of several subsidiaries of the Company, of his dealing in the Company's securities outside closed period, as set out in the table below:
Description of Securities Date Transacted No. of Securities acquired % of Securities acquired Price per security Remarks Ordinary Shares of RM0.10 each 04/07/2014 200,000 0.0144* RM0.315 Purchase of shares in the open market
If Mazlin is selling, u have to ask WHO IS BUYING? Can't be retailers cos retailers can't absorb so much. So must be some institution/funds. Norges maybe?
wonder why Mazlin sell his share so early when he know Reach will open at a high price. it doesn't make sense right? he can offload at a later for a higher profit. His last disposal is on this Monday
if you just look at volume in the past week when it was push to 32-34 it is already a sign that there is a strong "operator", what mazlin do is really irrelevant to what the volume operator want to do
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speakup
26,541 posts
Posted by speakup > 2014-08-12 10:31 | Report Abuse
my strategy for Daya is simple:
Buy Daya before Reach listing.
If Reach opens at a huge premium (above 90sen), I will keep my Daya (dont chase Reach).
If Reach opens at a poor premium (below 80sen), I will swap my Daya to Reach.
That way, regardless of how Reach performs, I have exposure to Reach (either directly or indirectly).
But my hunch is Reach is going to open at a huge premium considering that 98% of the shares given to Institution & high net worth individuals.