Management Trades 01/12 – 04/12
Notable Transactions
Buy(s) THB 213 mn
- BA – The family believes that the decline in shares since its IPO is overblown – I think not.
- MC – The founder continues to accumulate shares, what I haven’t liked about MC is that SSSG has been negative since IPO, all the growth comes from store expansion, can its brand(s) really outperform everyone else?
- M-CHAI – The MD buys a whopping amount of shares, most likely a block trade.
- RS – K. Surachai continues to buy a massive amount in RS (I forgot to weight more heavily here,.,stupid!) due to their rating numbers outperforming everyone’s expectations.
Sell(s) THB 351 mn
- ABC – An overly speculated stock, no surprise in seeing sales.
- JMART – Once a darling with its high growth rates, JMART is unsurprisingly disappointing investors with its much lower g rates due to the fact that mobile phone sales can’t increase that much higher in today’s industry.
- NMG – A big sale of warrants
- TUF – The announcement of the stock split has led to a quick price appreciation in TUF’s shares.
Xavi
It’s amazing that these guys are offloading so much BGH stock and putting it into BA, airline stocks have been an absolute graveyard for investors. Slim to no dividends, eroding capital values, intense competition.
Pon
Don’t forget that BA holds 25% of Samui Property Fund (the airport) and 7.83% of BGH as well – thus on a SOTP valuation it isn’t that expensive, but yes I too hate airlines in general.