I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Monday, 20 June 2011

The Capital Group Companies is cutting losses on CapitaMalls Asia. Why???

The Capital Group Companies, Inc unloaded more shares of real estate investor and developer and mall operator CapitaMalls Asia with 38.7 million shares sold from April 29 to June 9 at estimated prices of $1.77 to $1.58 each. The trades reduced its deemed holdings by 13 per cent to 271.3 million shares or 6.98 per cent of the issued capital. The fund manager previously sold 36.8 million shares on April 28 at an estimated price of $1.77 each and 89.16 million shares from July 2010 to March 1 this year at estimated prices of $2.07 to $1.75 each. Overall, the fund manager's stake is down by 164.66 million shares or 38 per cent since July 2010.


The disposals by The Capital Group Companies since July 2010 were made at below its purchase prices based on the 62.64 million shares that the group acquired from Jan 26 to Feb 12, 2010 at estimated prices of $2.28 to $2.21 each. The Capital Group Companies reported an initial filing on Nov 25, 2009 of 34 million shares at $2.26 each, which raised its interest to 5.37 per cent.

Investors should note that The Capital Group Companies' sale prices were lower than the IPO price in November 2009 of $2.12. CapitaMalls Asia announced on April 21 a 22.5 per cent drop in Q1 profit after tax to $50.194 million for the three months to March 31, 2011. The stock closed at $1.41 on Friday.

No comments:

Post a Comment

Related Posts with Thumbnails