QUOTE(MoonRider @ Jul 31 2009, 10:47 PM)
Hello cherroy , he/she can have separate accounts to buy .. they may work in a group maybe 10 or more people .. and now they have the immune not to declare the share the having on hand due to the financial results going to release soon ..
else how can people goreng share if everything also open to public ..
Separate account won't hide you from the KLSE, nor using nominee service from brokers or investment banks. Nowadays those offering nominee service is required to report on behalf, it is more transparent now compared to last time. Last time, a lot of people using nominee service to hide, but now, all investment banks offering the service need to declare on whom behalf already.
Unless one is willing to keep the share on other name which I don't think it is a wise move. It is a risky move to keep share under others name.
There is no such thing of immune not to declare share transaction due to the financial result going to release or not. It is not related.
Only if they are having share below 5% threshold, only then can immune from declaring. That's why you see even last time when they disposing shares time, all are known and listed in KLSE's company announcement, as well as late buying a few hundred lot recently by them.
Goreng share has lot of technic and strategy which can vary a lot but generally people don't want to breach the rules and regulation imposed to avoid unnecessary trouble/problem.
But generally, those goreng share one or syndicate, they don't intend to keep the company shares too much too long, they are having risk as well. Not every single goreng must earn profit one, there are lot of failed goreng and losing money as well.
Whether the theory the company CEO want to goreng or not, no comment on this part.
Just post some issues and regulation in general. People can twist and using some strategy, but generally most company major shareholders and CEO won't be too secretive about their shareholding as it doesn't need to do so.
If you want to goreng, you don't scare people to know, as retailers and investors only see the price action to determine their decision. Even if you know they want to goreng, after awhile price doesn't move, people won't believe it anymore.
Instead it is best to let people know you want to goreng (if you really want to) as it means easy to push up the price later on.
That's why I don't think they are scaring to let people know their transaction.
The only thing they won't or want people know is what they are going to do or intention (if there is any).
Cheers.