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Joelton
Supreme |
10-Jun-2022 08:45
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Yangzijiang Financial Holding commences share buyback with one million shares bought at 51 cents each
Yangzijiang Financial Holding has commenced its share buyback, just a day after it was given the mandate by shareholders to do so.
 
In an SGX filing on June 9, the company said it has bought one million shares at 51 cents each.
 
On June 8, after shareholders gave the nod at an EGM, the company announced it has allocated $200 million to buy back shares.
 
The company&rsquo s NTA per share is $1.08. It started trading at 69.5 cents.
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pasttime
Elite |
10-Jun-2022 08:44
Yells: "Buy good stock on sale and collect dividend long long time" |
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i long only. no shorts. to fight bear must do the reverse of the scoop dump strategy. do dump scoop, dump scoop. do it well maybe can do bb with very little money. like dump 10 buy 11. ie get 1 free. i wait to makan some crumbs on the side at lower level. |
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SAVIORFOREVER
Supreme |
10-Jun-2022 08:34
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What price did you shortsell? 54?
Trade with shortsellers and DYODD
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SAVIORFOREVER
Supreme |
10-Jun-2022 08:32
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Bid Bid Vol(K) Ask Ask Vol(K)
0.505 7,138.5 0.505 2,982.1 0.500 10,531.2 0.510 2,034.7 0.495 8,567.7 0.515 6,369.3 0.490 7,291.6 0.520 8,789.7 0.485 6,502.3 0.525 8,884.6 0.480 6,143.6 0.530 8,548.6 0.475 4,110 0.535 7,705.8 0.470 5,372.9 0.540 8,614.8 0.465 3,000.9 0.545 6,851.1 0.460 1,449.2 0.550 3,457.7 Trade with awareness and DYODD |
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pasttime
Elite |
10-Jun-2022 08:29
Yells: "Buy good stock on sale and collect dividend long long time" |
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first day bb is a good job to start small small. let the bear push down then buy cheap cheap better. why waste  the money for bear to profit.  boss should shot together then reverse to let the market money fight itself out first then do bb at lower price. |
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SAVIORFOREVER
Supreme |
10-Jun-2022 07:05
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Let's see what management can do today. First day buyback is such a disappointment. No sincerity.
Will shortsellers reign over YZJFH with their big selling queues? Bid Bid Vol(K) Ask Ask Vol(K) 0.505 9,591.4 0.510 1,354.6 0.500 14,740.2 0.515 7,179.9 0.495 11,184.8 0.520 9,353.6 0.490 8,042 0.525 9,235.7 0.485 7,101.5 0.530 9,328.4 0.480 6,753.3 0.535 9,919.2 0.475 4,621.4 0.540 9,771 0.470 5,623.6 0.545 7,886.8 0.465 2,736.9 0.550 4,214.9 Trade with manipulators and DYODD
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SAVIORFOREVER
Supreme |
10-Jun-2022 06:46
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Test 50 again?
Trade with BLSH and DYODD |
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YibaoI
Member |
10-Jun-2022 00:08
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Sincerely hope that will be the case. then huat for all investors/traders alike :) | ||||
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volvo125
Veteran |
09-Jun-2022 23:29
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We are investors and traders. Our objective is to try or hope buying at the lowest or near the lowest price so as to maximize our profits. Our thinking and the thinking of YFH mgt are not along the same line. The mgt executing the SBB do NOT trade and do not have a kpi to buy "cheap" or at the lowest possible price to make profit. The primary objective of the SBB is to boost share price so as to enhance shareholder returns. As to why YFH only sluggishly bought 1mil shares when the coy share pricevwas under heavy shelling and hammered down 3%, I would believe Toe is new to managing this SBB execution. This is the first Toe is running a listco as CEO and this is the first time he is executing this SBB even though he is a very seasoned and experienced fund manager. YFH has a whopping $200mil ammo bank so let's see how much better he could deploy the fund to buy back up all the way to 0.80. He cannot continue to buy in this insignificant manner in face of the selling pressure. The $200mil SBB must project an intimidating yet credible threat to the short side BBs and mean business.
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SAVIORFOREVER
Supreme |
09-Jun-2022 20:24
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12717800 shares shortsell.
Now YZJFH is shortseller's paradise? BBs can dump millions to bring down price for big profits? Management no fight at all. Let shortsellers force down the price for management to buy cheap? So pathetic. Forever under shortsellers control? Trade with ? and DYODD |
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YibaoI
Member |
09-Jun-2022 19:49
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ya agreed. if buy all the way up then let the shortist short down again it is wasting ammo.  buy bit by bit and waste the shortist funding while buying back the shares at great price is a sound strategy. In short the management let shortist spend their funds to bring down the shares at a good price then buy and hope the shortist will short down the share again and repeat this. At least they are defending the shares. no need worry that it will drop too low so its good for us investors hehe. hopefully at some point they will start buying all the way up after they accumulate enough shares lol  
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SAVIORFOREVER
Supreme |
09-Jun-2022 18:59
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Management short?
Management no need to buy lower. They just need to maintain 50++ until next year. Best is park 50 million shares to buy 50 then shortsellers can't do anything. Management just keep makan 50 million shares at 50 until next year or funds run out. At least price is stable and they're buying at attractive level right? Trade with my thoughts and DYODD
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pasttime
Elite |
09-Jun-2022 18:36
Yells: "Buy good stock on sale and collect dividend long long time" |
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to defend against short is not to block. is either to let it shot down then buy bit bit. or shot together then at lower price reverse. if not how to buy cheap cheap | ||||
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SAVIORFOREVER
Supreme |
09-Jun-2022 18:27
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Management thinks 50++ is worth buying.
They need to buy more to show sincerity. Maybe just park 20 million shares to buy 50 everyday to fend off shortselling? Trade with awareness and DYODD
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hokpin
Elite |
09-Jun-2022 17:48
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Really 1 mil share bought back at 0.51! | ||||
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Nippon72
Senior |
09-Jun-2022 16:37
![]() Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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I am not sure whether is counter intuitive to push down the price then do sbb? The intent is to show it is undervalued, improved ROE/EPS and probably div yield. And they will be probably taken off as treasury shares.  If we were to say " hidden hands" to force weak sellers to accumulate, then it makes sense. Yield goes up when cost comes down.  Just sharing my thots while watching the price movement. Any expert views out there?  Vested.  |
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arkan1111
Veteran |
09-Jun-2022 16:36
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Vol 90M, unusuak trading, does SGX query? | ||||
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pasttime
Elite |
09-Jun-2022 16:31
Yells: "Buy good stock on sale and collect dividend long long time" |
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sure 1c cannot be la. just saying lower better for long term investors. wait see if the bear will give it to me. at lower price. |
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petson
Veteran |
09-Jun-2022 16:24
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at most39 like last time...but daily drop 2 to 3 pip...so..still some way to go...hope not...but sbb already over....so far is nato...if thats all then momentum may change...just opinion..1ct no way lah...
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Ftyeng
Senior |
09-Jun-2022 16:14
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would not happen, would be suspended before it reaches 1 cent.
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