Management Transactions 15/07 – 19/07
Notable Transactions
Buy(s) THB 612 mn
- BROOK – What’s going on here…where did we get these shares…
- GUNKUL – And the founder is still buying
Sell(s) THB 83 mn
- RS – Ghost sell?
- YGG – Margin called to the max
- TRITN – Hmmmm Wasn’t she buying recently….whatever…its a POS list company
Peter Satrapa-Binder
Ygg: so the stock drop was just caused by the forced sale/margin call, nothing illegal going on, no basic problems with the company biz?
Just the (previous) main shareholder overextending himself and mis-speculating?
Pon
Yes, this was the case for several listed entities….where the rumours just led to margin calls everywhere.
But YGG was rather expensive..
peter satrapa-binder
sure, they ever had a high P/E, if you mean the stock being expensive. regarding margin calls, well, i guess there might be more cases anywhere else coming in the next months.
Pon
At the current price it’s 11x trailing PE, and this is after a drop of -80%…it was an exepensive stock…followed by the owner trying to margin and “support” the share price as opposed to focusing on his core business. And now he’s forced to dump it all going from owning nearly 50% of shares to 5%. That’s right, 5%.
peter satrapa-binder
methinks 11 x trailing PE is not so bad for a company in this business.
regarding the former major owner now having only 4 – 5%, i’d say it’s a good thing that there is no single overwhelmingly large owner with 40+% any more – at least for the smaller shareholders, not for the previous major one of course. 🙂
Pon
A small listed entity such as YGG needs an owner that is incentivised to grow his business. IF the key man is neutered like this…I don’t know what the future holds.
peter satrapa-binder
on the other hand, the larger the shareholder, the easier for him or her to manipulate share prices on his/her own.
Pon
we’ll end up going in circles young man.
peter satrapa-binder
thx, but i am not that young any more. just a juvenile 60…. 🙂