Three big names bought in, and then 2 big names (in credit rating) say the business' creditworthiness rating has to be lowered. This is almost as bad as the drama in the eurozone. I expect Yanlord to go back down below $1.
Surprised to learn that Aberdeen has taken quick profit on Yanlord. Last Friday, sold 4.4 million shares , now not subst shareholder anymore. Aberdeen must have bought much cheaper at below 80 cents, then sell at >$1.00???
The 3 big names who bought in -- Wee, Peter Lim and Kuok --- they are all shareholders of an investment vehicle that bought Yanlord shares. Among the 3, they could also have bought directly, so in the end the tally for them will differ but only slightly.
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[Reck 17-11-2011]:
Three big names bought in, and then 2 big names (in credit rating) say the business' creditworthiness rating has to be lowered. This is almost as bad as the drama in the eurozone. I expect Yanlord to go back down below $1.
Found this thread by Googling. Oops it has 2 stocks mixed up in it --- started off as China New Town & then Yanlord got thrown in as well into the discussion. Anyway, at this point, am seeing signs that China New Town is ripe for a run. Look at the volume done today and the stock closed up ... 5.5 cents. Cheap cheap for a push up?
