12-10-2012, 12:07 AM
(This post was last modified: 12-10-2012, 12:09 AM by Underdogger.)
Sanlam has 36.7 million shares. It has sold off only 0.642 million or 1.75%. Still a long way to go in its selling…
Are there enough buyers in market to absorb 36million shares? After all, it is only worth $1.44mil.
Price is already so low. Why doesn’t Sanlam take a bet? It took a bet when Lee Ka Bao sold off few years ago. Why was it so eager to exit?
Did it buy China Essence after it has done its due diligence on background check and research?
Are there enough buyers in market to absorb 36million shares? After all, it is only worth $1.44mil.
Price is already so low. Why doesn’t Sanlam take a bet? It took a bet when Lee Ka Bao sold off few years ago. Why was it so eager to exit?
Did it buy China Essence after it has done its due diligence on background check and research?