I recap CEO was intended to raise its stake in MEGB, according to the article published on http://www.thestar.com.my/ Friday February 18, 2011 By LEONG HUNG YEE with the title of "Masterskill CEO may raise his stake in company".
Obviously, CEO didn't aggressively accumulate its stake during this period as he had mentioned before that the share price of RM2.22 was not “justifiable” for a firm that made about RM100mil in net profit annually. Or i shall say that CEO didn't buy any single share of MEGB at all during this period, however, raising shareholding is in fact required a lot of money, and not everyone can afford it. From this instance, i presumed that CEO isn't financially strong to support his company's share price. The factor which can bring share price grow for long term will be only the business itself.
Share price is now stable at the region of 1.8x, and i presume Fideliy still holding 2-3% and may be slow its pace in divertment. Anyway, new investor will be coming in if more and more campuses start operation.
