( Kuala Lumpur, 30th) with the media coverage largest shareholder Khalid Mra (Kalimullah Hassan) placed at a price below market shares , resulting TUNE Insurance (TUNEINS, 5230, motherboard financial stocks ) today faced selling pressure and fell, and write down since 2 September , the largest decline since .
According to " Bloomberg " reported , TUNE insurance major shareholder Khalid Ratko 1.82 to 1.88 ringgit per share price of the company divested a number of shares to $ 20 million from cash . The placing bid TUNE Insurance 1.96 ringgit yesterday closing price , low 4.08 to 7.14% .
Malaysia stock market close , according to Bursa Malaysia data , Wednesday does appear batch of 32 million or representing 4.257% of the paid-up equity capital to 58.24 million ringgit, or 1.82 ringgit per share price over the counter hands. The transaction price of 1.92 ringgit contrast stock Wednesday closing price , discount of 5.2%.
Whether Khalid Ratko divest stake above message has resulted TUNE suffer selling insurance in today , the stock retreat.
The stock price of 1.94 ringgit opened up throughout the day , which is more than yesterday's closing price of 1.96 ringgit , down 2 cents ; Subsequently , the stock hit a day at the lowest price 1.90 ringgit , down 6 cents , or 3.06 percent . In any case , the stock gradually narrowed in the late fall , and finally to the end of day trading 1.92 ringgit , down 4 cents , or 2.04 percent .
Day total of 1,147,900 stock shares traded , which was significantly higher than yesterday's 404,700 shares.
really curious why everyone buying this counter expecting dividend? Tuneins is a young and growing company, what is the point of giving you div when the money is better to plow back into business for growth. Div only happens to companies that is in matured business or business that can general more cash & earnings than it can reinvest back to maintain or grow the business.
Price at lowest within these 6 months, with positive factors of increase passengers and tourists ( AirAsia, AirAsia X, Tune Hotel & acquire more insurance companies + partnering with others Airline ). It is a good oppotunity to accumulate!
I believe investor will judge Tony through his leadership and ambition; not his personality. I hope his ambition to establish low cost hospital will come true!
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....
xyzsim
265 posts
Posted by xyzsim > 2013-07-29 15:22 | Report Abuse
too high ...