needless to say, people are concerned about Proton since the talks with Volswagon failed.
so, Lulu was wondering, would EPF have to be the white knight and go to Proton's rescue. Hence, Lulu went to check the changes in shareholding available at klse
The share filings were totally out of Lulu's expectations.
EPF started buying lots and lots of Proton shares when the price was high, in the midst of the "phew... volkswagon talk is still on" euphoria.
EPF added 3.296million shares during the euphoria period, buying those shares at prices above RM5.00.
As if that was not bad enough, EPF continued to buy an additional 3.4million shares after the announcement. Lulu has no idea how much they paid for those shares, but it was between the day's high of RM4.70 to the low of RM3.56.
Lulu really don't know what to make of these EPF fund managers. They buy like a Lulu novice.