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Yesterday's trade vol was 63 mil.
Today's trade is about 48 mil shares. For today's trade -
- About 50% (24 mil) buy up at 1.72....no sell dn at this price.
- About 33% (16 mil) married deal @ 1.715
- Balance about 8 mil done at 1.71. ... 5.8 mil Sell down, 1.5 mil Buy up and 700k married deal.
During the trading day, I noticed that every everytime the 'last done' price was 1.72, someone will sell dn at 1.71. Looks like whoever is accumulating is trying to take advantage of impatient retail investors to get them to sell at 1.71.
Who is accumulating? Could be CapitaLd buying from the open market OR some funds accumulating to block the delisting???? If its the former, then we will soon know as CapitaLd will have to make an announcement to SGX. If its the latter, well, they would have accumulated about 6.9% in the last two trading days.
Just thinking out loud...........not an inducement to buy, sell or hold.
Hi limhpp,
I am a new in shares. The people buying would be under SellVol right? TY...
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Last
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Trades
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Vol
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BuyVol
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Mid
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SellVol
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|||||||
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1.710
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190
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4,155
|
3,730
|
425
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0
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|||||||
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1.712
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1
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1,000
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0
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1,000
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0
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|||||||
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1.715
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2
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8,390
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0
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8,390
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0
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|||||||
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1.720
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33
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23,501
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0
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0
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23,501
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|||||||
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TOTAL
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226
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37,046
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3,730
|
9,815
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23,501
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|||||||
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||||||||||||
Ucrano,
I think you have mistaken the B and S. Today there are more people buying than selling.
cheongwee....like u said, it claims. Nothing is substantial. What I meant to say that in the event that this counter is not delisted, it should have more value than 1.73. Logically speaking, Capitaland must have seen more value than that to be able to offer at this price.
Looking at the volume traded today and yesterday, something is def in the works. Just need to figure out what.
Ytd, 22 million bought, 3 million sold.
Today, 23 million selling, 2 million bought.
Hopefully it will go up higher and capitaLand will have to offer more...
23 mill done at $1.72 as of now. Up $0.01. Wait and see.
No matter what. Will still hold the counter basis that it has more value than 1.73
Hope other investors will have the same view as well.
Article in today's ST said that research houses have put the fair value of AG between 2.17 to 2.47. So, their offer of 1.73 is still a good deal for CapitaLd.
Whilst 1.73 is a generous premium to NAV, this is based on historical and depreciated value of their properties. The independant directors should get a revaluation of the properties for a more realistic NAV.
In the current bearish market, small retail investors desperate for monies will jump at this offer since the offer price is so good. This could be a strategy by CapitalLand to increase their chance to lure small retail investors to sell to them. In good times, most likely this group will hold tight their Ascott. Now got saviour give so good monies I could say at least 50% would be tempted.For those who dun need monies at all, can try to hold on to see how much percentage CapitalLand can get from this exercise to determine to sell or hold.
I am not vested in Ascott btw.
98% of buy queue can be capitaland... this counter is going to stay there........ like Labroy, once they called a price, such a huge lots queue to buy, those are all the middle east on the queue..
so, i would not bother ascott ...
if u want, capitaland is a better choice~