The Artist schreef:
Ongelooflijk ik snap niets meer van deze man, zijn strategie van langetermijn heeft ie zelf overboord gegooid en dan komt ie zagen dat ie spijt heeft dat ie te vroeg verkocht heeft. LOL
( ik verkoop nooit 100% van een aandeel zolang ik er in geloof )
Ik hou van Warren Buffett's LT theorie, maar zelf vind ik hem niet zo fantastisch, ook de TMT-ralley heeft ie volledig aan zich laten voorbij gaan, alsook nu PTR laatste spurtje, nu gaat ie wel terugvallen PTR.
Haas:
Mss heeft de heer W.Buffett 'n andere beleggingshorizon ?:) Mss wil die voordat ie de pijp uitgaat alles cash hebben ?
gr......................haas
Buffett offloads all PetroChina shares
Stephanie Tong
Saturday, October 20, 2007
US billionaire Warren Buffett said his company Berkshire Hathaway has sold its entire stake in PetroChina (0857), but he regrets the disposal may have taken place too soon.
The Berkshire chairman told FOX Business Network the decision to sell was based entirely on the share valuation and had nothing to do with activist investors urging him to divest because of the Chinese oil giant's connection to the Sudanese government that is being blamed for the genocide in Darfur.
"If [PetroChina stock] went down a lot, I'd buy it back," he said, revealing that Berkshire made about US$3.5 billion (HK$27.3 billion) on a US$500 million investment.
"We still sold it too soon. I left a lot of money on the table."
Berkshire first bought shares in PetroChina in April 2003 at HK$1.60, eventually raising its stake to 11.05 percent to become the oil company's second largest shareholder after parent China National Petroleum Corp, which owned 88.21 percent. On July 12, Berkshire shaved its PetroChina's stake to 10.96 percent. Since then, the US firm has cut its stake eight more times.
On September 28, it sold an estimated 261 million PetroChina shares at between HK$14.20 and HK$14.98, reducing its stake to 3.1 percent from 4.33 percent.
Buffett confirmed Thursday that Berkshire has recently sold the final 3.1 percent stake.
The stock has continued to climb, closing on Thursday at HK$18.92.
PetroChina's parent CNPC has been internationally criticized for being too closely linked to the Sudanese government, which is accused of using its oil wealth to support genocide in Darfur, where more than 200,000 civilians have reportedly been killed since 2003.
In February, Buffett said offloading his PetroChina stake would not "have a beneficial effect on Sudanese behavior," although he sympathized with people in Darfur.