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3 comment(s). Last comment by Su Jackie 2012-03-10 23:43
Posted by WONG TONG GUAN > 2012-03-10 23:12 | Report Abuse
Khazanah acquired the share.
Posted by Su Jackie > 2012-03-10 23:43 | Report Abuse
By the way any idea who sold the shares to Khazanah?
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Su Jackie
189 posts
Posted by Su Jackie > 2012-03-08 18:31 | Report Abuse
Right, please do not forget that someone is taking the shares to get the 10 sen dividend on Friday. Then it goes ex and drop 10 sen on Friday. Someone gets it at 7.31 - 0.10 = entry cost of 7.21. Then someone pushes up the share back (buy back) at 7.45 (after 1 week) and someone makes altogether 10 sen plus 24 sen all in make 34 sen which is 4.65 % = at least annual return of 242 % p.a. Can you understand ?? Of course when someone makes the money there is another one on the other side that loses the money. So get ready for CIMB to move up very fast soon.