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19-08-2014, 10:15 AM
(24-06-2011, 09:44 AM)Thriftville Wrote:(01-01-2011, 05:04 PM)yeokiwi Wrote: Playground for Go Kong Wei and Wee Cho Yaw.
Both do not seem to be very interested to reward the minority shareholders.
Both do not want to give up their stake.
I think this tug of war will continue at least until one of them bites the dust?
But never mind lah, their UIC washing powder is quite good
Hey yeokiwi, I'm aware that both of them are interested in the shares. But during the financial crisis, the share price drop to $1. Any idea why both of them didn't enter the market and suck up all the shares?
Hi Thriftville,
During the crisis, UOB made an offer to buy 15 million shares at 1.2 a share.
They ended up with 3 million shares bought out from shareholders and 45% stake.
AT the same time, Telegraph Investments also kept buying shares.
I looked at it today as there was a note in The Edge that Wee Cho Yaw bought 100,000 shares last week.
Disclaimer :-
I am not an investment professional.
I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.
Nothing written here is an invitation to buy or sell any particular stock.
At most, I am handing out an educated guess as to what the markets may do.
The market will always find a new way to make a fool out of me (and maybe, even you!).
Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.
I am not immune to that, so please understand that any past success of mine will probably be followed by failures
I am not an investment professional.
I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.
Nothing written here is an invitation to buy or sell any particular stock.
At most, I am handing out an educated guess as to what the markets may do.
The market will always find a new way to make a fool out of me (and maybe, even you!).
Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.
I am not immune to that, so please understand that any past success of mine will probably be followed by failures