One major shareholder sold/married a 10% block to a hedge fund last month. Co fundamentals remain very weak comparing to Venture, Sunningdale. Hedge fund may look to bear raid this.
Why ? Their operations so bad compared to similar companies which all doing well in last 1-2 years. I think company is badly managed. Major shareholders all old folks drawing down the company's cash and not interested to recover their business.
Don't bother there are far better run tech manufacturing stocks around in SGX. Hedge fund which took up a block of shares maybe unwinding soon as major shareholders failed to excite the stock with the privatizing of Malaysia subsidiary.
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nemesis
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Posted by nemesis > 2014-05-20 02:32 | Report Abuse
LCTH is coming back with full vengeance