Asia Enterprise Holdings

[slowandsteady]

beau, I get the total transacted volume from yahoo finance (4,321,500 between March 4 to May 10), and total sold by Chong from SGX announcement (20,577,000-16,950,000=3,627,000). So that's 84%.

Since then, from May 11 till now total volume is 18,344,500. Assuming similar 84% comes from Chong's offloading, then he sold 15,409,380. He had 16,950,000 as of May 10, so he'll be down to his last 1.5 million shares. Considering recent volume, he should be done in at most a week.

If you check, you'll realise on both days where Chong's transaction was announced, he made up 100% of traded volume. Before he started selling in March, daily volume averaged 30,000 a day (I took from Jan 1 2015 to Mar 4 2016). So I expect once he's done, it'll be back to its illiquid days with lots of zero volume days.

This post is truly very informative. Thanks again for explaining with solid figures. 

It seems like there is no function to add all the volume from Mar 4 to May 10 on Yahoo Finance. Did you manually add up all the volume day by day to get 4,321,500?

You're welcome. I use the export to excel function from yahoo data, from there you can sum up the volume.