CIMB shares worth RM493.6m changed hands
Publish date: Thu, 08 Mar 2012, 05:19 PM
CIMB Group Holdings Bhd, Malaysia's second-biggest bank, had shares valued at RM493.6 million change hands in an off-market trade.
About 67.5 million shares traded off-market at RM7.31 each, according to data compiled by the Kuala Lumpur stock exchange.
CIMB rose 0.7 per cent to RM7.36 at 3.46 pm local time. - Bernama
About 67.5 million shares traded off-market at RM7.31 each, according to data compiled by the Kuala Lumpur stock exchange.
CIMB rose 0.7 per cent to RM7.36 at 3.46 pm local time. - Bernama
Labels: CIMB
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Su Jackie
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.
2012-03-08 18:31