This and last week Lin Zuojon CEO of Asian Bamboo bought via his Green Resources Enterprise Holding Ltd. some shares and revived the bombed out chart.
I just added up his purchases until now, as you can see its not all that much and my guess is that it wont have a lasting effect on the stock price:
Day of purchase Day of reporting Nr. of shares Price per share Total volume
21.06.2013 25.06.2013 1.000 2,75 2.750
20.06.2013 25.06.2013 5.000 2,41 12.055
19.06.2013 20.06.2013 2.000 2,37 4.740
18.06.2013 20.06.2013 2.000 2,05 4.092
17.06.2013 18.06.2013 10.000 2,05 20.497
14.06.2013 18.06.2013 37.876 2,03 76.767
13.06.2013 18.06.2013 12.124 1,95 23.631
Total shares bought: 70.000
Total volume: 144.531
As of 25.06.2013 17:00 GMT+1
Update 01.7.2013, 09:30:
Since the first post Lin Zuojon bought more shares on two days:
Day of purchase Day of reporting Nr. of shares Price per share Total volume
25.06.2013 28.06.2013 3.000 2,40 7.200
24.06.2013 26.06.2013 5.000 2,55 12.731
That makes a total of 78.000 new shares bought, a total of 5.836.000 shares (incl. treasury shares) now belonging to Mr. Zuojon. That is a 37,83% of total shares, an increase by 0,51% of all shares.
If one doesnt take the treasury shares into account, shares outstanding would be lower.
Now the buying spree seems to have come to a halt, stock price is at 2,23. Interesstingly there is no significant increase in share price since the start of the CEOs purchases, what is just another prove how low confidence is in German-Chinese stocks.
For most other stocks purchases of the CEO of 0,51% of total shares would be a kick-starter.
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