(20-03-2013, 11:26 AM)GreedandFear Wrote: [ -> ]One thing to bear in mind, when looking at small caps with real estate developments, is that large cap property developers are also trading at a discount to the "value" of their assets (I think the last report that I saw showed a discount of 20-30%) but clearly have better liquidity. My point being that the market will, probably, need to erase the discount on the large caps first, before it will start to give credit to small caps.
I will not totally agree with you. The key lies with the management and substantial shareholders. Do they think that the counter is under valued by the market?
Just to share an example. I remember Fragrance founder buying its company shares after it was IPO. On hindsight, following him will make me richer.
(Vested)
The counter does seem undervalued and I agree with you that one should never discount the major shareholder's actions (SC Global was a nice one). My point was just that sometimes the market makes you wait a long time before value is recognized and it may be quicker to give the benefit to blue chips
Not vested but curious :-)
The founder has sold 20,000 shares of Popular at $0.29 on 26/3/13. Why would he sell?
(Vested)
The founder sold a tiny amount of shares at $0.29, declared today.
(27-03-2013, 06:37 PM)jovialger Wrote: [ -> ]The founder sold a tiny amount of shares at $0.29, declared today.
May be the wife. Altho' not mentioned in the
SGX Annc, it did state that she holds 2,044,000 under point (9),
The deemed interest comprises (a) 483,676,075 shares held by World Holdings (Pte) Limited and (b) 2,044,000 shares held by Hu Nan Lee.
This is vs 2,064,000 in my own records. See 19-Sep-12
SGX Annc.
(27-03-2013, 07:44 PM)zhangwuji Wrote: [ -> ] (27-03-2013, 06:34 PM)a74henry Wrote: [ -> ]The founder has continued to buy shares of Popular at $0.29 on 26/3/13.
(Vested)
Founder bought share?
My apologies. Founder sold 20,000 shares. I am trying to figure out why he sold.
perhaps founder key in wrong order?
(27-03-2013, 11:39 PM)a74henry Wrote: [ -> ]My apologies. Founder sold 20,000 shares. I am trying to figure out why he sold.
20,000 shares is a really tiny amount.