DBHD update as close July 21, 2009

Caught in this counter, managed to get out at 0.20 today. Here the stat of my position:

bought on 24/06/09 at 0.245
sold on 21/07/09 at 0.20 that -18.4% loss
highest since holding 0.283 at 16.3% (damn, should have sell around this previous, it called greed).

I have experienced far worst than that, so 20% down is not that bad especially when this counter is not the only one in your portfolio.

Why after looking so good, suddenly dropped like there is no tomorrow?

Here's the reason: CAPITAL REDUCTION . The worst official company event if you are holding the it's stock.

In DBHD case:
"every five hundred (500) resultant shares of RM0.16 each into one hundred and
sixty (160) ordinary share of RM0.50"

Here is the reverse-chronological announcements:

21/07/09

NOTICE OF BOOK CLOSURE
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LISTING'S CIRCULAR NO. L/Q : 53934 OF 2009
Capital reduction of RM0.84 per ordinary share of RM1.00 each in Damansara
Realty Berhad ("DBhd") and thereafter a share consolidation on the basis of
every five hundred (500) resultant shares of RM0.16 each into one hunderd and
sixty (160) ordinary share of RM0.50 each in DBhd ("Consolidated Shares").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - All" ]
as from : [ 29 July 2009 ]
2) The last date of lodgement : [ 31 July 2009

17/07/ 09
Capital Reduction & Share Consolidation
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Ex-Date : 2009/07/29
Entitlement Date : N/A
Pay Date : N/A
Entitlement Price : 0.00%
Par Value : 0.0000
Entitlement Type : OT
Entitlement Indicator : C
Entitlement Remarks :
Period Ending : N/A
The date of listing and quotation of the Consolidated Shares will be on 3
August 2009, being one (1) market day after the Entitlement Date of 31 July
2009. The Notice of Allotment will be despatched by 7 August 2009.
Capital reduction of RM0.84 per ordinary share of RM1.00 each in Damansara
Realty Berhad ("DBhd") and thereafter a share consolidation on the basis of
every five hundred (500) resultant shares of RM0.16 each into one hunderd and
sixty (160) ordinary share of RM0.50 each in DBhd ("Consolidated Shares

09/07/09
WRIT OF SUMMONS
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- WRIT OF SUMMONS FROM STRUKTUR EVOLUSI SDN BHD TO TEBING AUR SDN BHD AND DBHD.
Further to our announcement dated 8 July 2009, we wish to announce the
following information:
1. Date of hearing:-
The hearing date has yet to be fixed by the High Court.
2. Cost of investment of DBhd in Tebing Aur Sdn Bhd:-
The total cost of investment by DBhd in Tebing Aur Sdn Bhd is RM1,682,497.
This announcement is dated 9 July 2009.

05/06/09
Resolutions Proposed at the 47th Annual General Meeting
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Resolutions Proposed at the 47th Annual General Meeting of Damansara Realty
Berhad ("DBhd" or "the Company")
The Board of Directors wishes to inform that all resolutions proposed at the
47th Annual General Meeting of the Company held on 5 June 2009 were duly passed
by the shareholders of the Company.
This announcement is dated 5 June 2009.

EX-date : 29/07/2009
Entitlement date : 31/07/2009
Entitlement time : 05:00:00 PM
Entitlement subject : Others
Entitlement description : Capital reduction of RM0.84 per ordinary share of RM1.00 each in Damansara Realty Berhad ("DBhd") and thereafter a share consolidation on the basis of every five hundred (500) resultant shares of RM0.16 each into one hunderd and sixty (160) ordinary share of RM0.50 each in DBhd ("Consolidated Shares")