Star Biznews.. HLIB also produced a report yesterday that said that since SES’ price was now trading at 88 sen, Scomi Group was now a cheaper proxy to SES. Scomi Group controls 65.7% of SES.
“Scomi Group is trading at a discount to our simple sum-of-parts (SOP) estimate of 77 sen, and at the current price, it is at a 46% discount to its SOP valuation.
“We deem the huge discount unjustified, as Scomi Group controls a 65.7% stake in SES, with 90% of Scomi Group’s earnings before interest and tax contributed by SES,” said HLIB.
Somebody is simply a total nerd, when most "play" the market to make money, buy - low - sell - high, but this mysterious jerk just want to suppress the price. I hope the interest on Scomi will be overwhelmingly high till this jerk has no more strength to keep the gate closed.
Actually the gate keeper is very smart,he wants to collect more at cheaper price but when he got enough, this share will fly to the unknown zone, at least 55sen.
dont be mistaken..the nerd/jerk is making tons of money every round..u just calculate..e.g.buy 0.40 n sell 0.43 numerous times..RM4.3-4.0mio is RM300,000 every round...this is the world of the big players.do that 2 times a month is enuf..they luv this type of range play.get the picture??
Bernanke's reassurance propels shares to record highs.The S&P 500 index and the Dow industrials closed on Thursday at record highs, a day after Federal Reserve Chairman Ben Bernanke said the U.S. central bank will keep a loose monetary policy for some time ...
when u keep pressing the spring down..sooner or later it will burst forth..like Muhibbah n Puncak..will also folo the son..Scomies..overall mkt sentiment is good..hv patience..whats ur risk?? back to 0.37 lows...
I think the so call "suppressor" is running out of energy, the "force" of the good side is growing stronger.
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Posted by BullRun88 > 2013-07-10 09:11 | Report Abuse
its coming... start your engine... buckle your seat... :)