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Gafisa S.A. Message Board

  • the_entitled the_entitled Nov 1, 2013 5:16 PM Flag

    Fund Buying 5.11% 6k just out. Deer in Headlights anyone?

    Norwegians wanted a nice entry point:

    “Norwegian Business Registry and managed by SKAGEN AS (“ Investor ”), pursuant to Article 12 of CVM Instruction 358/02, as follows…The Investor reached relevant participation of 5.11% of the total capital stock of the Company, in a total amount of participation of 19,640,600 common shares and 1,312,213 ADRs (each ADR equals 2 common shares) of Gafisa on October 31, 2013””

    …yet still under owned...Now we know why the downgrade (mere speculation of my part, of course) …have a nice weekend...

    Sentiment: Strong Buy

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