Extract from TheStar :
Tuesday April 15, 2008
KUALA LUMPUR: Seadrill Ltd bought another 10 million shares of Sapuracrest Petroleum Bhd in early April, increasing its total shareholding to 203.82 million shares.
A filing to Bursa Malaysia showed the Oslo Stock Exchange-listed Seadrill, which is involved in offshore drilling operations, bought 2.50 million shares of Sapuracrest each day from April 7-10.
After the recent acquisitions, Seadrill’s shareholding in Sapuracrest rose to 17.44%. The share price was trading between RM1.29 and RM1.41 on those days.
Sapuracrest’s share price surged to a 52-week high on July 26 last year while it hit a 52-week low of 98 sen on March 10. At the current price of RM1.38, it is trading at a price-to-earnings ratio of 18.06 times.
Tuesday April 15, 2008
KUALA LUMPUR: Seadrill Ltd bought another 10 million shares of Sapuracrest Petroleum Bhd in early April, increasing its total shareholding to 203.82 million shares.
A filing to Bursa Malaysia showed the Oslo Stock Exchange-listed Seadrill, which is involved in offshore drilling operations, bought 2.50 million shares of Sapuracrest each day from April 7-10.
After the recent acquisitions, Seadrill’s shareholding in Sapuracrest rose to 17.44%. The share price was trading between RM1.29 and RM1.41 on those days.
Sapuracrest’s share price surged to a 52-week high on July 26 last year while it hit a 52-week low of 98 sen on March 10. At the current price of RM1.38, it is trading at a price-to-earnings ratio of 18.06 times.
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