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(25-03-2015, 11:32 AM)Teletubby Wrote: If I recall correctly, Mr Tan bought most of his shares in Jan-Feb 2013 at an average price of around 75 cents, which is already significantly higher than prices a few years before.Its a free market. Willing buyer willing seller. Lets put our money where our mouth is.
Nevertheless, the share price has continued to climb as did the fundamentals of the company, giving Mr Tan a decent profit on his investment. His motivations behind paring his stake is anyone's guess, but here is something I would like to point out:
Mr Tan is the MD of Kenyon Pte Ltd, a manufacturing firm in the chemical and petrochemical process industry, an industry that is totally unrelated to the core businesses of CES. He is a successful businessman, but being a successful investor might not necessarily follow from the fact. For retail investors with little information, it is not wise to speculate on the motives on his acquisition and subsequent reduction of his interest. Rather, focusing on the fundamentals and growth prospects of the company will prove more rewarding.
Generally, share prices would fall on the XD date, and it doesn't take an oracle to predict that. As for whether it will "slowly slowly drift down", time will tell. But looking at the facts, I would be inclined to disagree.
(25-03-2015, 11:12 AM)westin1 Wrote: If you can recall when Mr Tan was a ss, the share price will slowly rises .... but starting end last year , he sold his shares slowly.... i think CES is most likely to fall after xd....my guess is, it will slowly slowly drift down.....
let the first person to make, laugh at the rest. My other view (also resonates some of the vb views) is that the married deal is a positive news cos it means there are investors willing to do it "big". Like kwm entering into tuan sing. For a sizable married deal, it must mean something or it is sheer madness (if not, insanity). Lets not forget that the recent ces share buy back was at 97.5 cents (correct me if i m wrong).
Moi still vested. (mr market told me impossible, but i just told him i m playing long.)
Ps: i m compelled to agree with you. Similar views
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.
When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.
The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.
The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.