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| As at 25 Jul 2012 |
He controls a total 8 companies BUT with a combined market capitalisation of less than RM1 billion. Maybe in fact even more counters, which I may have lost track of. Anyone heard of these counters? All Main Board though. Collecting SMALL USELESS counters is a HOBBY (except for GBH).
Why so many but yet so small? So that he can trade against you. Look at the list of companies. Officially, he does not even own more than 40% on any of the companies he controls except for GBH. But try buying those counters.
These companies are not at all exciting. Minimal profit, if any. Hence, minimal dividend as well, again if any.
Then why bother buying these companies - only for the traders or speculators. But I am willing to bet he will beat most of us hands down. His companies are all zero sum game - maybe even negative sum as he wins we lose.
Why? He has most information at hand. He knows who are the ones who have the power to hold for longer period, who cannot. Eventually, these so called long term holders can't hold on for long anyway, as they do not gain anything from these shares. Most who hold his counters are those who got caught. He likes it that way actually.
Also, he can bet big, we can't. He has cash, we have little. On paper, he already wins.
He is not bothered to build the business of these companies, ONLY for the traders.
So, who is he?
ROBERT TAN (TAN SRI) - not the IGB one ya!
Check him out. Mind you, he does not understand what I write, as he does not read English, but yet thousand times richer - than me. Now you know why I am not a trader.