Latest Forum Topics / YZJ Fin Hldg Last:0.34 -0.005 | Post Reply |
YZJFH - potentially rewarding
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ss2017.
Supreme |
18-Jan-2024 21:55
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If you are observant enough, listened to a few qualified financial mentors here, very soon you will become one of YZJFH millionaires in this chat group. Good 🤞 🏽 .
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ss2017.
Supreme |
18-Jan-2024 21:41
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Who are selling?
They seem do not belong to any substantial or foreign share holders. Likely that these sellers are a gang of day gamblers, thinking of YZJFH is a casino stock besides Genting. 😁 |
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sgng123
Supreme |
18-Jan-2024 20:35
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But by not cancel stock, stock price would not go up loh. Reason why Dow Jone can hit 37000 cos they cancel SSB stock, artificially  Propping up the stocks. Cancelling stock remove uncertainty that lift to EPS can be reversed through sale of treasury stock. But again Ah moh very good at artificially prop up valuation.
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sgng123
Supreme |
18-Jan-2024 19:49
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But anyway continue buying up then Ren stake would breach 25% takeover level.   just check SGX revised the 30% threshold to 25% Think YZJFH gonna go full throttle on SSB till full year result though they also buy cheap ... |
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sgng123
Supreme |
18-Jan-2024 19:46
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10% cap actually refer to total shares plus treasury =3955m Problem with china company is they don cancel it
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volvo125
Master |
18-Jan-2024 19:22
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Ya ... very, very amazingly surprised ... but it' s a blatant demonstration of a very deep pocket strength by YFH. Their 1st order inside the 0.32 support queue could have been taken out by the sudden one shot [email protected] selldown at 14.25pm, so they put a 2nd order (part or the full of the one shot [email protected] buy up) at 14.32pm to buy back up the range to support the 0.32. Well done Uncle Ren !
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Segarvale
Senior |
18-Jan-2024 19:12
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Another 28m to go before hitting 10%. | ||||
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HVRRVH
Elite |
18-Jan-2024 19:05
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On the contrary, it make perfect sense not to cancel the shares because it can be sold in bulk to interested party in the future, of course at the material time the company must have been doing very well. Also, it can be use to reward employees under share reward scheme, it can also be given out as bonus shares to shareholders in general. In fact, most companies have kept the treasury shares as oppose to cancel them. 
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eddyeddy
Master |
18-Jan-2024 19:01
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It doesn't make sense at all , if they do not want to cancel the sbb shares .
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HVRRVH
Elite |
18-Jan-2024 18:38
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I can see that sellers managed to push it down to 31.5 easily before the SBB, which was big enough to bring it back up to 32. It is hard to read anything into this because the SBB seems to suggest that YZJF management is super confident, especially with this big SBB. On the other hand, BBs with such big stake to sell should be better informed that most of us, and the relentless selling seems to suggest that they know or don' t think YZJF' s future profitability is anything to be shout about. What is clear is YZJF has now bought back 10% of total shares, in fact, they have exceeded it with this trance of SBB. However, in their filing on SBB, we can see that the percentage of SBB with the latest mandate is only 2.49%. In other words, they can continue to buy back the shares if they want and the 10% cap is based on each latest mandate they obtained. It would be better that they cancel the bought back shares to enhance NAV but at this juncture, I think it is not going to happen. Let' s see.  | ||||
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ss2017.
Supreme |
18-Jan-2024 18:37
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Wow 9m SBB out of 13m transacted. Interesting 😎 | ||||
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eddyeddy
Master |
18-Jan-2024 18:21
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9m shares SBB @0.32 today . | ||||
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Segarvale
Senior |
18-Jan-2024 15:07
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Less than 10 trading days to close the month of Jan. 345. See you soon😝 | ||||
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John210119
Member |
17-Jan-2024 19:28
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I think Company will queue another 3 mil at 32c new attractive price. Interesting price closed at 32.5c with relatively large volume. Company seems confident of it upcoming results. Hope I am right. | ||||
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volvo125
Master |
17-Jan-2024 18:38
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Yesterday and today sbb quantities add up to exactly 3m shares. I think this is probably the order quota the coy will lodge in to buy every time. So probably no more sbb from tomorrow until next week, if next week is still outside the Fy23 release window.
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Winnertakeall
Master |
17-Jan-2024 18:26
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1,580,700 SBB @ SGD 0.32c   |
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vicloo
Elite |
17-Jan-2024 17:54
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31-33c range for months to near a year... sigh.
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ss2017.
Supreme |
17-Jan-2024 17:14
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Glad to see that YZJFH turns green despite all mkt is in red. | ||||
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ss2017.
Supreme |
17-Jan-2024 09:55
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From record, YZJFH outstanding short sell volumes gradually reduced to 24m shares as at Jan 5, 2024. | ||||
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Winnertakeall
Master |
16-Jan-2024 18:33
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1,419,300 SBB @ SGD 0.32c   |
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