AEGB share price up from 14sen to 17sen since last few days. It is forming "w" shape rebound. Based on its technical chart, it is like to challenge 30sen resistance in medium term.
AEGB is education stock which own the Asia Metropolitan University. AEGB is control by SMRT and CREADOR. CREADOR is a famous private equity fund lead by Brahmal Vasudenan. They bought the controlling stake from Siva Kumar at 60sen per share. They also extend the General Offer to public at 60sen per share. Now they incurred a huge paper loss based on current market price 17sen.
Siva Kumar who sold all his stakes to CREADOR found buying back the share again. From the lastest annual rebound, we found that Siva Kumar hold almost 2% stakes. Will this signal the worst is over and share price will rebound soon.
If you believe the track record of CREADOR, then it is a golden chance for us to buy AEGB at price far more cheaper than CREADOR.
http://klse.i3investor.com/blogs/bullsearcher/128272.jsp
