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of coz, SLF is a big fund. even private fund with AUM of 5m do rebalancing.
not really for contra trade but for those who can hold, 190-193 lvl shld be ok
merlin_magic ( Date: 23-May-2013 10:09) Posted:
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Whatever the case, made some kopi money...bought at 1.895 and sold at 1.92...sell too quick...Earn some cab money from CDG
temasek also sold shares of singtel @3.21.
stock then went down to low of 3.14, now 4.03
somethings big funds do a rebalance of portfolio. but i also dont deny that funds selling maybe a bad thing, so must see case by case basis.
Hi, There was a very sharp intra day dip and recover to flush out the weak holder just before the stock climb .
Not sue if it is related ???
Sorry no software to monitor on my pc.
Singapore Labour Foundation (SLF) sold 170 million ComfortDelgro shares in a block trade on Wednesday, broking sources said on Thursday.
SLF, a long time shareholder of the transport operator, sold the shares at between S$1.94 and S$2.03 each, brokers said. Thus, reducing its stake from 12 per cent to around 4 per cent.
The sale prices were at a discount of up to 12 per cent from its close yesterday.
On Thursday morning, ComfortDelgro shares fell 12 per cent to trade around S$1.92, down 26 cents.
stockseeker ( Date: 23-May-2013 09:33) Posted:
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octsky ( Date: 23-May-2013 09:26) Posted:
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anyone got any news?
191-193 support lvl, if no bad news can buy.
stockseeker ( Date: 23-May-2013 09:09) Posted:
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ComfortDelGro Corporation on Tuesday said it will acquire a portion of FirstGroup plc's London bus business and assets for £57.5 million (S$109.0 million) through its subsidiary, Metroline Ltd.
The acquisition will increase ComfortDelGro's fleet size in the London bus market from 1,200 to about 1,700, and expand ComfortDelGro's bus operations in London.
FirstGroup plc's London bus business is based at five garages in Alperton, Greenford, Hayes, Uxbridge and Willesden Junction. It operates 494 buses with about 1,700 employees, and has an annual turnover of about £111 million.
On the completion of the acquisition, currently targeted for mid-2013, the newly-acquired buses will operate under the Metroline brand.
ComfortDelGro Corporation posted a 5.6 per cent year-on-year rise in net profit to S$248.9 million for the full year ended Dec 31, 2012.
Revenue rose 3.9 per cent to S$3.54 billion while earnings per share worked out to 11.89 Singapore cents in FY12, up from 11.27 Singapore cents in FY11. Revenue growth was broad-based across its various business units, offsetting the drop in its driving centre business.
Operating expenses were 4 per cent higher at S$3.13 billion while group operating profit came in at S$412.3 million, up 3.3 per cent.
The group proposed a final dividend of 3.5 Singapore cents per share.