MEMS (0052)
Finally, Legg Mason has emerged as the substantial shareholder for MEMS. They bought 33,000,00 units which represent 5.04% of interest in MEMS. This has ended the rumour and speculation created last week when MEMS stock price keeps moving up.
The date of acquired is 14 March 2007. Let's make an assumption that the purchase price is the lowest on the day, which is RM0.55. MEMS closed at RM0.71 today.
Legg Mason has bought in GPacket quite sometimes ago @ RM2.5+ and GPacket share price has moved up to RM5++ after that.
So, how much return do you think Legg Mason is aiming for the investment in MEMS?
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Dear Sir/Madam
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