Saturday 22 October 2016

Daiman, Something Good Is Brewing

For this small cap property developer from Johor.
Over the past ten months, it's major shareholders have been buying the shares for THEMSELVES.
Ever since Damian Development Bhd's major shareholders started BUYING the shares for THEMSELVES, the company has stopped buying back it's own shares.
Damian now owns some TWO million of its own shares, while the major shareholder owns more than 104 million shares or some 49 per cent of the company.
Damian was last traded at RM2.39, with some over enthusiastic investors branding RM18, while the more sane investors are targeting a MONEY in THE BAG, RM4 a share target .