BBR Holdings
Since my previous post on increasing my exposure to BBR Holdings (BBR Holdings Investing Thesis) at prices between $0.165-$0.174, the company now has a new substantial shareholder: Dr Chiu Hong Keong
A quick google search would reveal him to be the founder of Pintaras Jaya berhad, interestingly, a piling and construction company listed in Malaysia. BBR’s top shareholder lists include several construction companies.
In my view, this can only be a good thing. Why would competitors take up individual stakes in your company with their own personal money otherwise?
BBR’s share price has also risen since my last bulk purchases. At the current price of around $0.185, the gain is approximately 10% or so. Not something to be scoffed at time-weighted wise, as it’s only been 1 month or so.
Still, the volumes are too thin to be indicative, and anyway as a deep value ......