http://finance.sina.com.cn/focus/qlbgzdmg/index.shtml
main part of this news in English(interview), some in chinese(at the begining).
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I just fininshed accumulation last friday. Now I hold 0.9 million shares and average holding cost is .0305.
Although very disappointed with the SP, I really appreciate the sellers for the opportunity for us at 2.4-2.8c, which is consistent with the 2.6-2.8c bottom I reckoned and posted here 2-3 month ago.
In my eyes this is normal for a company with 1.6 billion shares on issue, (and in trouble of course), and its SP always hang over just below 3c to build the bottom.
Now maybe double bottom can be built, but once the support is strong, then SP will go uptrend.
Remember, VALAD still does have a fire sale plan, as I check its website, there is only 3 buildings for sale.
This means when REIT strats recovery, vpg's book value will soar. (I like most locations of its properties.)
I am also ver upset that my bid for CER at 2.5c not been filled on friday.
Guys, If the market turns, the banking and REIT are the first sector to soar.
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