Today's Lai See Column in SCMP

[Oldtimer]

Can some one explain how a fall from C$20 to C$ 5.23 is equal to 95%

" Analysts have been thrown into disarray by the sensational claims against Hong Kong- and Canadian-listed Sino-Forest Corp by Carson Block's company Muddy Waters. The company's stock traded at about C$20 (HK$160) for most of last month when Credit Suisse, for example, reaffirmed its "outperform" C$28 target for the company.After Block's accusations that Sino-Forest had been inflating its assets the share price fell 95 per cent to C$5.23 on Friday. "

[HowardCoombs]

That stock had 2 big down days. Its been fun to watch.
1) Down to $7.xx (down around 60% from prev close)
2) Down to $4.xx (down around 30% from prev close)
add the 2 up and you get 95%

Creative accounting indeed.

HC

[PDLM]

The SCMP's business writers are utterly innumerate - they demonstrate this pretty much every week in some way or other. And it's sad that their sub-editors don't seem to pick up on all the errors either.

(With honourable exceptions such as Jake van der Kamp, for example)

[bookblogger]

It's better than at the Standard. Over there, they are illegitimate.