Sunningdale Technology - "Thoughts on the market".

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20 Jan 2014 22:58 #18790 by josephyeo
Wong Chi Hung sold off another 600,000 shares today at 17.3 to 17.4 cts per share. He has a balance of 1,600,000 shares under his direct holding and another 8,907,883 shares in which he has a deemed interest. FYI.

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20 Jan 2014 22:59 #18791 by zane
Executive Director Wong Chi Hung sold, and sold. He is a wet blanket.

17 Jan 2014.

350,000 shares @ S$0.174 = S$60,900.00
250,000 shares @ S$0.173 = S$43,250.00

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20 Jan 2014 23:18 #18792 by josephyeo
It's okay, there are always reasons for a director to sell off his shares. Anyway he is not a major player and has only 1,600,000 shares under his direct holding.

More important is the financial results of the company which will be out next month. The report will confirm or negate my earlier analysis of the company. And I am looking forward to the report. But whichever way it goes, it's 9 months result is already better than last year full year result. Further a reasonable amount of dividend can be expected based on the company's payout history.
The following user(s) said Thank You: Value Investor

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20 Jan 2014 23:27 #18793 by Value Investor
I agree with Joseph Yeo that it is quite normal for director to sell shares to cash out and other points mentioned.

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22 Jan 2014 14:28 #18821 by josephyeo
Touches a high of 17.5 cts this morning.
Guess the selling is over.
(Note : At last count Wong Chi Hung
has only 1,000,000 shares left.)

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23 Jan 2014 00:26 #18841 by zane
Joe, Wong has only 50,000 shares left after selling 950K >

300,000 shares@ S$0.17 = S$51,000.00
300,000 shares@ S$0.171 = S$51,300.00
350,000 shares@ S$0.173 = S$60,550.00

those were direct interests.

I wonder about the deemed interest of 8.9 m though. Is that for him to sell out also?

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