17,409,700 shares traded on 08/10/2015 Day's Range: 2.98 - 3.07, Average Price: 2.9984, Open: 3.07, Close: 3.00, Dropped 7 cents Total Buy Vol. (Transaction): 5434700 (234) Total Sell Vol. (Transaction): 11974400 (430)
Q&A: Why price dropped with relatively large number of shares traded? Someone (or certain persons) were selling it cheap, or simply put, dumping their shares for reason(s) unknown to most of us. (Note: I think the reason why, and who, is important for next course of action).
Who buy? KULIM (MALAYSIA) BERHAD, Shares Buy Back: 16,395,200, Min Price: 2.98, Max Price: 3.00 Why?
Who gain? Who lose? (Not important at the moment).
Just for sharing. Good luck to all!
A minority shareholder of KULIM who see value in it.
few government related stock request for suspend together ?? merging issue or takeover will be taken no idea. quite weir all without new and rumor happen at the same day
Thursday, 5 November 2015 Kulim suspended, possible privatisation BY CECILIA KOK - The STAR
KUALA LUMPUR: Trading in the shares of Kulim (M) Bhd was voluntarily suspended on Thursday on possibility of a privatisation exercise. In its filing with Bursa Malaysia, Kulim said it had requested for a suspension in the trading of its shares from 9am to 5pm pending a material announcement.
It was last traded at RM3.30.
Johor Corp has more than 60% stake in Kulim, whose business interests range from plantations to property and investment holding.
if it goes private i dont think it would be good for the minority shareholders, Kulim is cash rich and with the share buyback they have been doing the past 6 months, i dont think it would cost Jcorp much
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....
joni
1,259 posts
Posted by joni > 2015-10-06 15:56 | Report Abuse
this week will break 3.10