Neratel

[KopiKat]

Is SA sale a aberration that the Co. fundamental has changed? Day to day events have impact but got to look at the context of the major shldrs NorthStar is buy SA shares and not that he sell outright but is instead exchanging it for partnership stake in ultimate holding probably for tax or incentive purpose.

His selling had caused impact to the market but SA is probably tasked to perform at a higher level now.

So L&T 1 day ago said its +ve on Co. growth and next day without exploring further said its a sell? Flipping here and there later will loose its credibility?

The Lim & Tan report from remisires.org is attached below. There's no mention of what SA did with the sales proceeds, perhaps the analysts missed that in their zest and excitement to produce this report...

 Samuel Ang (SA), the President, and CEO of Nera Tel has sold out of his direct stake (of 1.04mln shares) in Nera Tel at 82.5 cents on 17/18 July’13.

 After the sale, he is left with a deemed interest of 25,000 shares.

 SA’s move is significant as his last purchase was 60,000 shares at 40 cents a share in 2009.

 SA has been heading Nera Tel since its listing in 1999.

 Investors who has been invested in Nera Tel since its IPO has received about 55 cents in dividends (normal + special). And coupled with the stock’s strong share price appreciation, it has been a rewarding investment.

 Notwithstanding the company’s still robust prospects, we are changing our recommendation to “Take Profit”, following SA’s latest complete disposal of his direct stake in the company.