Regarding How Bina Puri Shares Flew Sky High

Received the following comments on the posting Bina Puri Confirms Getting 997.2 Million Contract

• The Emperor said...
  Bina Puri's share price soars 52% before announcement is made by o worries.

Yes on the 5th July, I made the following two postings The Edge Weekly Says Bina Puri Won 1 Billion Contract and No News On Bina Puri's One Billion Contract!!.

Those two postings were followed by the posting Bina Puri Now Confirms It Has YET to Secure 1 Billion Contract But Expects To ... Soon! the next day.

Now since Bina Puri did get the contract and the stock did fly up, up and away.... surely the inquiry mind would want to know if someone had benefited from all these news.

And how could Bina Puri in the posting, Bina Puri Now Confirms It Has YET to Secure 1 Billion Contract But Expects To ... Soon! make the following statement..

• "However, we are liaising with MAHB. We expect to receive the letter of award soon. We will make the necessary announcement if and when we receive the letter of award," it said.

Expect to receive the letter of award soon???

And what is more interesting was the following article on Star Business. UEM-Bina Puri JV wins RM997mil LCCT job

The following section was 'interesting' for the inquiry mind.

• ... Bina Puri had accepted the letter of award from MAHB on July 16, the firm told Bursa Malaysia during the mid-day trading break yesterday.
  
  Shares in Bina Puri surged 31 sen, or 28%, to close at RM1.42 on total volume of 4.98 million units. This was the stock’s best level in about six years....

Huh? Bina Puri accepted the letter of award from MAHB on July 16th????

And they only announced during mid-day trading break yesterday? (Yeah I saw the news on Business Times at around 3.00 pm when I made the posting Bina Puri Confirms Getting 997.2 Million Contract )

Huh???

Exactly!

Was there any ... fast hands on yesterday morning?

The following is my stock tracker chart from ITrade.

... err... how? It does look like some minor activities... but... is it conclusive?

Here is RHB's stock tracker..

Now if I copy all those into a worksheet and tabulate the volume, this is what I have gotten.


Total transacted volume = 135,000 traded before mid-day trading break.

Yeah it's not a whole lot and the following is Bina Puri's trading data from Star Business.



And here is the 10 minute stock chart from RHB:



How?

ps: from an investing perspective and not a speculator/trader perspective, I would have asked myself (as stated in the other posting): Would I invest in Bina Puri? Hmm.. take a look at Bina Puri historical earnings track record. What kind of margins does it have? Does Bina Puri look like a company that is able to operate on decent profit margins? Or does it run on wafer thin profit margins? (and yeah.. not forgetting the fact that this is a JV with UEM group and a rush job... hmm... what kind of margins are we talking about?)

ps: how you get the 52%? :D