Sunday, 1 August 2021

Sersol Bhd. Do they know it's Christmas ?

is the 1984 chart topper from Band Aid. Well it's a long way some more for Christmas time, but punters who punt on stocks, might sure feel like it's Christmas already in Sersol Bhd.

Not many, err actually NONE of the Business  publications, which actually shows the lack of quality in the editorial set up has ZERO STORY  on the curious case of Mr Lim Kim Chai who sold of 17 million shares on July 28 in Sersol , which means he no longer is a substantial shareholder in Sersol.

Two days latter, while  no longer being a substantial shareholder in Sersol, Mr Lim miraculously appears in Sersol as EXECUTIVE CHAIRMAN , and to spice up the intrigue in SERSOL the company then announced that it is undertaking a private placement at 44 sen a share.

One must note, that in May when the private placement proposal was made, Sersol shares was barely under 28 sen a share, while last Friday the stock closed at  55 sen a share.

Clearly Mr Lim Kim Chai has  ceased to have become a substantial shareholder, but one suspects he has not left the building, rather he has just entered the fray, while our sleeping financial reporters keep to their sleeping ways on the Country's  SECOND MOST ACTIVELY TRADED STOCK.  WAKE UP lah...

It's Christmas time, there's no need to be afraid
At Christmas time, we let in light and we banish shade
And in our world of plenty we can spread a smile of joy
Throw your arms around the world at Christmas time
Let them know it's Christmas TIME



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