ISDN

No adverse corporate news at ISDN to account for the sell-down. However substantial shareholder Karl Walter Braun has cut his stake to 6.11% from 7.29% on 20 Jun via the disposal of 4.3m shares in the open market. The group has also recently called for a third round of capital raising through a 1-for-2 rights issue of warrants at $0.02 each and is seeking to expand into the hydropower sector in Indonesia and coal mining in Myanmar. But these plans are still at the preliminary stage and bear significant execution risks. Note that this stock is also susceptible to bouts of steep declines, last seen on 10 Jun and in Apr.