Post by oldman on Jun 30, 2014 19:34:16 GMT 7
Sometimes, when there are too many rumours floating around, one has to be extra careful. The newspapers generally do not publish rumours unless it comes from a "reliable" source (you have to read in between the lines as knowing how things work in the media industry is very useful to investors). Of course, knowing how things work for listed companies is equally important and once again, you have to read in between the lines. 
Hence, it is not surprising that a substantial shareholder, Goh Khoon Lim sold 1.594 mil shares on the 26th June reducing his stake to 37.989 mil shares or 12.95%. infopub.sgx.com/FileOpen/_eFORM3V2_GKL_27June2014_Final.ashx?App=Announcement&FileID=303338
What is surprising though is that another substantial shareholder, Vision Capital bought 2.752 mil shares increasing its stake to 24.768 mil or 8.4%. infopub.sgx.com/FileOpen/_eFORM3V2_30June2014.ashx?App=Announcement&FileID=303324
Well, one of them has to be right... and the other, wrong. Only time will tell. My guess is that the former is right and the shares will drift back towards 20cts.
Top Chinese firms eyeing Asiatravel.com - 6th June 2014
Hence, it is not surprising that a substantial shareholder, Goh Khoon Lim sold 1.594 mil shares on the 26th June reducing his stake to 37.989 mil shares or 12.95%. infopub.sgx.com/FileOpen/_eFORM3V2_GKL_27June2014_Final.ashx?App=Announcement&FileID=303338
What is surprising though is that another substantial shareholder, Vision Capital bought 2.752 mil shares increasing its stake to 24.768 mil or 8.4%. infopub.sgx.com/FileOpen/_eFORM3V2_30June2014.ashx?App=Announcement&FileID=303324
Well, one of them has to be right... and the other, wrong. Only time will tell. My guess is that the former is right and the shares will drift back towards 20cts.
Top Chinese firms eyeing Asiatravel.com - 6th June 2014
