AF Global (formerly: LCD Global Investments Ltd)

Seems like Mr Koh will not accumulate higher than 26.5c. Profit recognition for the Xuzhou project will occur in 2 months time

http://www.businesstimes.com.sg/premium/...g-20140616

PUBLISHED JUNE 16, 2014
Aspial CEO's buying of LCD shares keeps market guessing
But analyst does not expect Lum brothers to raise offer price
BYLYNETTE KHOO
lynkhoo@sph.com.sg @LynetteKhooBT

AS shareholders lament the 17-cent-a-share buyout offer for LCD Global Investments by the Lum brothers, some market observers are speculating that the chief executive officer of Aspial Corporation could ride in as the white knight to these investors.
Market debate about Aspial CEO Koh Wee Seng's intentions was sparked by his recent purchases of shares in the hospitality player. Mr Koh, who has been accumulating LCD shares since last month to become a substantial shareholder, has raised his stake to 14.37 per cent by June 12.
Given his aggressive open-market purchases at prices ranging from 20 cents to 27 cents per share, substantially higher than the buyout offer, some market watchers are saying that this could signal a counter-bid.
A dealer from CIMB said that a competing offer from Mr Koh is possible. Even if this is not forthcoming, Mr Koh's recent share acquisitions could force the hands of brothers Raymond and David Lum to raise their bid price.

He didnt buy any yesterday

(17-06-2014, 11:44 AM)propertyinvestor Wrote: He didnt buy any yesterday

wonder if he bought any today?

buying seems like quite strong today

(17-06-2014, 05:18 PM)investor2014 Wrote:

(17-06-2014, 11:44 AM)propertyinvestor Wrote: He didnt buy any yesterday

wonder if he bought any today?

buying seems like quite strong today

Yes...he bought again today...

14.37 -> 14.47%

Congrats, no horse run.

(17-06-2014, 05:55 PM)desmondxyz Wrote:

(17-06-2014, 05:18 PM)investor2014 Wrote:

(17-06-2014, 11:44 AM)propertyinvestor Wrote: He didnt buy any yesterday

wonder if he bought any today?

buying seems like quite strong today

Yes...he bought again today...

14.37 -> 14.47%

seems like fairly persistent buying.

Again.....

14.47% -> 15.06%

(19-06-2014, 05:40 PM)desmondxyz Wrote: Again.....

14.47% -> 15.06%

this round he bought 6.2 million shares.

average price of 29.6 cents

(19-06-2014, 11:29 PM)investor2014 Wrote:

(19-06-2014, 05:40 PM)desmondxyz Wrote: Again.....

14.47% -> 15.06%

this round he bought 6.2 million shares.

average price of 29.6 cents

his average buy prices moving higher.