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khairsy Veteran	17-Sep-2014 12:24        khairsy About Contact  Quote this Post!
x 0   x 0  Alert Admin	but if you saw yesterday, price went down at 0.895 b4 it went up to 0.90 again.... Qanghoo      ( Date: 17-Sep-2014 12:21) Posted: Yes, yesterday, bought a few lots at 90c, just above the co' s hare buy-back support level. Kyoto2008      ( Date: 17-Sep-2014 12:17) Posted: Cheap again to collect some more. Flushed out all the panic contra players.
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Qanghoo Supreme	17-Sep-2014 12:21        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, yesterday, bought a few lots at 90c, just above the co' s hare buy-back support level. Kyoto2008      ( Date: 17-Sep-2014 12:17) Posted: Cheap again to collect some more. Flushed out all the panic contra players.
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Kyoto2008 Elite	17-Sep-2014 12:17        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cheap again to collect some more. Flushed out all the panic contra players.
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Kyoto2008 Elite	15-Sep-2014 19:54        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mkt is down, STI gone down steeply, hope it recovers. They don do buyback everyday, until that happens price likely to move up and down depending on general mkt trend.
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khairsy Veteran	15-Sep-2014 16:56        khairsy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wah..what happened to the buy back? Why the steep drop in price? Appreciate yr view Kyoto2008      ( Date: 13-Sep-2014 00:19) Posted: Just share one last observation. In June 2014 (when smiley face appeared in the article), the treasury shares were 30.541mln.  2nd Sept  2014 the treasury shares have increased by 7.4mln shares to 37.946 (plse see document filed at SGX posted earlier). Price has increased from 78 cents in Jun to 95 cents to date, that' s a 17 cents gain. Imagine what a buyback of 26 mln shares can do to the share price?  A straight line projection is to take 26 divide by 7.4 x 95 cents =  $3.3. So you see now my TP of $1.5 is so so conservative.
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khairsy Veteran	15-Sep-2014 16:10        khairsy About Contact  Quote this Post!
x 0   x 0  Alert Admin	More bashing down of price? Wats happening..
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Kyoto2008 Elite	13-Sep-2014 00:19        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just share one last observation. In June 2014 (when smiley face appeared in the article), the treasury shares were 30.541mln.  2nd Sept  2014 the treasury shares have increased by 7.4mln shares to 37.946 (plse see document filed at SGX posted earlier). Price has increased from 78 cents in Jun to 95 cents to date, that' s a 17 cents gain. Imagine what a buyback of 26 mln shares can do to the share price?  A straight line projection is to take 26 divide by 7.4 x 95 cents =  $3.3. So you see now my TP of $1.5 is so so conservative.
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Kyoto2008 Elite	12-Sep-2014 23:56        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' d not be concerned about the day to day price, it can rise, it can ebb, this all depends on buyers and sellers actions and thinking and philosophy.  What seems to be certain is that price will march on steadily with the buyback, to do a buyback of 26mln shares can easily result in price going through the roof.  They can' t do it at one go, but they can' t wait till AGM time, it has to be now, in these weeks, months to buy back. So vested shareholders, sleep sweetly when you buy in Chippie.    Only one way to go, up.      No other share give this kind of comfort in my humble opinion. Kyoto2008      ( Date: 12-Sep-2014 23:39) Posted: If targeted price is $1.50, getting in at 95cents, or even 96 cents is still a good deal. If price drops, just buy more.
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Kyoto2008 Elite	12-Sep-2014 23:39        Kyoto2008 About Contact  Quote this Post!
x 0   x 1  Alert Admin	If targeted price is $1.50, getting in at 95cents, or even 96 cents is still a good deal. If price drops, just buy more.
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Kyoto2008 Elite	12-Sep-2014 23:37        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Okay, see the wicked smile!    Love this guy. ozone2002      ( Date: 19-Jun-2014 10:03) Posted: CES F14 PE only 2.7??? super value. no wonder thecompany keeps buying back its share.   CHIP ENG SENG -- Strong share buyback ahead of FY14 bumper earnings Written by Leong Chan Teik Thursday, 19 June 2014 06:30       Chip Eng Seng Corp CEO Raymond Chia. Photo: InternetCHIP ENG SENG Corporation is one company that has demonstrated its commitment to buying back its shares -- presumably the key reason being their undervaluation.  The buying action has been taking place ahead of bumper earnings to be recorded this year as a result of the expected achievement of TOP of a number of property projects by Chip Eng Seng. Just look at the number of treasury shares it holds currently -- 30.541 million. These were accumulated from end-2012. Of late, the company' s share buy back has been striking: Since mid-May this year, it has made 5 transactions which were anything but small nibblings of the stock. In those transactions, it bought back a total of 5.06 million shares in the price range of 74-76 cents a share. In recent days, the stock has crept up, closing at 78 cents yesterday. Chip Eng Seng had lots of cash on hand to fund its purchases: It had S$191.8 million cash as at end 1Q this year. However, borrowings were significant too at $743.0 million. These were taken to finance property development projects and investment properties, the purchase of leasehold land for hotel and commercial development and for working capital. NRA Capital is forecasting strong cashflow this year with cash levels rising to $263 million and total borrowings falling to $567 million. (See NRA report here) Not only that, the earnings per share this year is forecasted to hit 28 cents a share. The dividend payout is expected by many investors to be even more generous than the 4 cents a share for FY13 although NRA Capital has not revised its 4-cent forecast. NRA Capital pegs Chip Eng Seng' s fair value at $1.04 based on the sum of the parts methodology for its property development and construction businesses.
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Kyoto2008 Elite	12-Sep-2014 23:34        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bringing the smiley CEO back again.  See EPS in 2014: 27.9 (excellent performance as compared to 2013 EPS=11.3) 2015: EPS= 15.3 2015: EPS-= 6.6 If the Board of Directors delcare 64 mln shares to be paid out as employee option scheme in 2014, who can object?    And why would be declare less? Hence, in summary, isn' t it logical to  expect CES to do a buyback of the max amount of shares between now until next AGM? They miss the boat, they will never be able to do it again. ozone2002      ( Date: 04-Sep-2014 15:08) Posted: Last:0.93     Vol:2968k     +0.03 hit $1 sell.. ozone2002      ( Date: 02-Sep-2014 11:12) Posted: Company is scooping up its share cos of its undervaluedness.. gd luck dyodd Name D.O.T. Buy /Sell No.of shares S$/shr Chip Eng Seng Corporation Ltd 01-Sep-14 Share Buy-Back 1,700,000 0.8950 Chip Eng Seng Corporation Ltd 26-Aug-14 Share Buy-Back 680,000 0.8991
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Kyoto2008 Elite	12-Sep-2014 23:24        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I see them going to the hilt, buy up the maximum of 64.2mln shares.  This is a one in a lifetime opportunity to pay deserving employees for their hard work (do go through who these deserving employees are, information is all available in annual reports and in SGX, pay particular attention to surnames and family names). Once the golden year of 2014 is past, it will be very difficult to justify a large payout through the employee share option scheme.  The project 2015 and 2016 figures are posted by a bro in this forum, check it out, both ROE and EPS take a deep dive from 2014. If they don do the buyback now, they would have wasted a golden opportunity. I don' t discount the fact that there are shareholders who would sell at the slightest advance in price, this is a very natural tendency to " take profit" , it is not wrong.    Therefore, how the eventual price plays out depends on all of us holding CES shares now.    Min it would be $1, the max is really up to the pple.          I aim for $1.50.
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Kyoto2008 Elite	12-Sep-2014 23:15        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Was quite sure the co did a buyback yesterday, 11th Sep, I witnessed the swift buyup second by second, the price swung up without any hesitation, 94, 94.5, 95, 95.5, 96, 96.5 and ended at 97. Who else would do this kind of thing?      Doesn' t make sense for any big fund to come in. More likely it' s CES buying back. Now how it will play out really depends on how existing CES shareholders behave.    Remember CES  is buying from the  small 629.6mln shares float, after minusing their own shares, there isn' t a lot left.    Therefore supply is limited, demand is hungry, very hungry.    Whichever way it plays out, price has to go up since demand outstrip supply of shares.   If everyone hold on and not sell out, CES will have to bid higher to get the shares for their share option scheme, and the price can shoot to $1.50 and even beyond. At $1, many aim to bail out, but if next week, price shoot past $1, pple start to change their mind.      Who want to miss out on a 50 cents gain? Look at the large  shareholders, find out who  they are?      Then you would understand what I mean when I say they buy back for themselves.    And they deserve the shares, for the sterling performance they have put up, they deserve every cent.  But now, this is about us, if we hold on, everyone gains more.    It' s a win win.
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Qanghoo Supreme	12-Sep-2014 22:49        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	From I have seen, it' s declared the same day.  This is price sensitive information and to be transparent has to be declosed in a timely manner. Kyoto2008      ( Date: 12-Sep-2014 22:26) Posted: May not be so.  The last  recorded buyback on SGX  was 2nd Sep, they could have done another buyback.    Probably there' s leeway to declare within certain time, it cannot be immediate declaration that' s too draconian even for SG standards. Qanghoo      ( Date: 12-Sep-2014 19:47) Posted: The last share buyback was on 2 Sep 14.  Doubt if they will continue buying, bearing in mind also that another 25 mil shares means $25 mil+.
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Kyoto2008 Elite	12-Sep-2014 22:26        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	May not be so.  The last  recorded buyback on SGX  was 2nd Sep, they could have done another buyback.    Probably there' s leeway to declare within certain time, it cannot be immediate declaration that' s too draconian even for SG standards. Qanghoo      ( Date: 12-Sep-2014 19:47) Posted: The last share buyback was on 2 Sep 14.  Doubt if they will continue buying, bearing in mind also that another 25 mil shares means $25 mil+. edwinjup      ( Date: 12-Sep-2014 19:05) Posted: Dont think they will buy up to the max.....just incase market correction...they still can.provide.some.strong.support.....
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Kyoto2008 Elite	12-Sep-2014 21:58        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' m assuming they are doing this as a payout to themselves.  Not so much to support share price. They can' t do it in 2015 or 2016 as the projected EPS and ROE are low in those years. Whereas 2014 is a bumper harvest, the best time to maximise employee option scheme. Hehe, just see how the whole thing play out, I expect price to go beyond $1.
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Qanghoo Supreme	12-Sep-2014 19:47        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	The last share buyback was on 2 Sep 14.  Doubt if they will continue buying, bearing in mind also that another 25 mil shares means $25 mil+. edwinjup      ( Date: 12-Sep-2014 19:05) Posted: Dont think they will buy up to the max.....just incase market correction...they still can.provide.some.strong.support...... Kyoto2008      ( Date: 12-Sep-2014 18:51) Posted: In summary, Chippie plans to buy back 64mln shares, and so far have only accumulated 37.9mln shares over about coming to 5 months. Another 26 mln shares to buyback.            Good news for all Chippie holders!
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edwinjup Supreme	12-Sep-2014 19:05        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont think they will buy up to the max.....just incase market correction...they still can.provide.some.strong.support...... Kyoto2008      ( Date: 12-Sep-2014 18:51) Posted: In summary, Chippie plans to buy back 64mln shares, and so far have only accumulated 37.9mln shares over about coming to 5 months. Another 26 mln shares to buyback.            Good news for all Chippie holders!
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Kyoto2008 Elite	12-Sep-2014 18:51        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In summary, Chippie plans to buy back 64mln shares, and so far have only accumulated 37.9mln shares over about coming to 5 months. Another 26 mln shares to buyback.            Good news for all Chippie holders!
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Kyoto2008 Elite	12-Sep-2014 18:48        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Chippie news flash.        Nothing new, but some update on progress of sharebuyback. The following documents are from SGX:
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