In the Starbiz today - there was a big block of Transmile shares that changed hands at RM12.90 each in an off-market married deal last Friday. It appears to have been an internal transaction conducted by its major shareholder, Pos Malaysia. The deal involved Pos Malaysia & Services Holdings Bhd (PSH) transferring its shares to Pos Malaysia Bhd (PMB) as part of the group's restructuring that involves a capital repayment and transfer of PSH's listing status to PMB.
My 2 cents - those who chased the stock yesterday could be 'p*$$*#g' in their pants now. There could be some profit taking today, and it may even fall back to where it started. My take, stay away from the stock for now. After the 'fraud' debacle, it would take ages to regain investors/funds' trust in management.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment