by millionairemind » Mon Oct 27, 2008 4:09 pm
Enporis Greenz
Credit Suisse (Hong Kong) Ltd has lowered its stake in metal components manufacturer Enporis Greenz at sharply below its initial filing price in January. The group reported a disposal-related filing last Monday of 2.2 million shares at an estimated price of four cents each, which reduced its direct holdings by 11 per cent - to 18.2 million shares or 4.9 per cent. The group previously reported an initial filing on Jan 16 of 6.7 million shares at 74 cents each, which raised its interest by 46 per cent to 5.7 per cent. The sentiment is not entirely negative this month as substantial shareholder David Loh Kim Kang purchased 6.7 million shares on Oct 10 at an estimated price of 4.5 cents each, which increased his direct holdings by 8 per cent - to 90.2 million shares or 24.1 per cent. He previously acquired 34.4 million shares from April 28 to Sept 22 at estimated prices of 17 cents to 4.5 cents each, and an initial 49.1 million shares in November 2007 at 73 cents each. The stock closed at 3.5 cents on Friday.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.