On 10/11, the FIRST day of the upside breakout from 32c already they sold down to below 100 mil shares...be patient, my pets...soon they will run out of shares to sell & foreign funds can buy 250 mil shares by just selling a few hundred Apple shares lol
This LTHUlamalaaa very dumb...sold 11 mil shares from 30.5c to 38c...lost out on $1 mil+ in sales proceeds. Donation from ordinary ppl wiped out just like that...No wonder pilgrims all very poor now
Brent crude oil prices rose 0.94% to US$49.65 (RM201.78) today after OPEC+ agreed to ease output cuts more gradually than previously expected, adding 500,000 barrels a day in January, a quarter of earlier expectations.
In a note today, Maybank Investment Bank Research analyst Liaw Thong Jung said with oil prices now sustained at above US$40 per barrel, nearing US$50 per barrel, the O&G sector is slowly moving towards a recovery.
Meanwhile, Fitch Solutions recently revised its crude oil price forecast for 2021 higher to US$53 per barrel, from US$48 per barrel, with global growth rebounding on vaccine uptake and Covid-19 headwinds easing through the year
Btw I just checked: they bought the shares since listing(I'm guessing the bulk @ the $3.50 IPO price, then added another 17 mil between Mar-Apr 2013, when it was between $3.75- $4.15, then added another 2 mil until Aug '14 when it ranged between $3.28-$4.16, then disposed 2 mil between Oct '14 - Apr '15 when it was between $1.06 & $3.05, then added 800,000 between Jun - Nov '15 between $1.02 & $1.38, then bought 3 mil between Apr - Nov '16 between 84c - $1.34, then added another 4.5 mil between Jan - Jul '17, fr 69.5c - $1.16.
Now already sold 14+ mil @ between 30-42c. $$$ easy come, easy GO!
Omg it's even worse than I thought: From not featuring in the top 30 shareholders in Jul '11, LTH appeared for the first time in Apr '12 with 11.8 mil shrs then jumped to #3 in the register by Apr '13 with 84.6 mil shrs by Apr 9th. WHICH MEANS they bought less than 3 mil in the IPO (if at all) & accumulated the 85 mil shares by 2013 from $5.50 to 4.50, more than $1 above the IPO price!
A conservative estimate of a cost of $4 for their entire shareholding (likely much higher!) would bring the total losses for the 14.13 mil shares they sold recently to ($4 - $0.35) x 14.13 = $51.6 million....wow, really easy come, easy go!
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Posted by 7036hisap_darah > 2020-11-14 23:41 | Report Abuse
GOGOGO MHB