EPF teach you how to burn RM5.2 millions in 14 days
Maybank close at RM5.05 today (28 Oct 2008).
Let’s check the casualties done on EPF alone on Maybank stock
|Director/Substantial Shareholder||Shrs Held
|23-Oct-08||14-Oct-08||2,299,000||Employees Provident Fund Board||534,484,586|
|23-Oct-08||16-Oct-08||4,001,500||Employees Provident Fund Board||538,486,086|
|22-Oct-08||16-Oct-08||1,000,000||Permodalan Nasional Berhad||281,870,708|
|22-Oct-08||10-Oct-08||2,299,000||Employees Provident Fund Board||534,484,586|
|20-Oct-08||10-Oct-08||4,250,000||Employees Provident Fund Board||532,185,586|
10-Oct 2,299,000 x RM 5.45 (day high RM 5.70, low RM 5.45)
10-Oct 4,250,000 x RM 5.45 (day high RM 5.70, low RM 5.45)
14-Oct 2,299,000 x RM 5.60 (day high RM 5.80, low RM 5.60)
16-Oct 4,001,500 x RM 5.40 (day high RM 5.65, low RM 5.40)
Total share acquired : 12,849,500, cumulative value : RM70,174,550
Today stock value (28-Oct-2008) = 12,849,500 x 5.05 = RM 64,889,975
Paper value lost incur as of 28-Oct-2008 = 5,284,575
Don’t hold your breath, those figures stop at 16-Oct-2008. And report between 17-Oct-2008 till today still not yet appear.
Question 1 : What is the average cost of EPF buying 534 Millions Maybank stock.
Question 2 : What the F*ck EPF keep buying Maybank stock when most people know the stock is going south. Why keep wasting bullet when you know the elephant are still inside the jungl.