Errr, SBL, more than 10 yrs liao. SBL is for investors (institution only) to borrow shares from some shareholders (from the Pools) and the borrower can use the borrowed shares to "SELL" in the open market. Lender earns interest from the shares lent out to the borrower. Borrower pays interest to the lender. That's all loh.
If you notice the word (SBL) is very "small" in the Bursa announcement? So small and unnoticeable and as many investors are unfamiliar with this product, that is why some ppl may misunderstood and major shareholders sold their shares in the open mkt. In fact, those shares are still in his hand, he can "call back" the shares anytime, hence, it is highly possible the borrower may incur losses if the share price goes up and they are not able to cover their SELL positions in time (SELL PRICE < BUY PRICE = Loss).
2mil shares if that fellow pakat with their guys (via SBL), they r selling it from 26.5 to 26, then buy back at 25/25.5, 2mil x 1cent, wow. Nice profit.
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....
wah168
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Posted by wah168 > 2023-05-31 17:03 | Report Abuse
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