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The price of this company has not been above $0.50 ever.
The price of what? Not exactly sure what you are referring to.
KAMAL0883 ( Date: 03-Dec-2023 14:01) Posted:
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Don' t remember which year, the price was played till $25+++ but now less than 30 cents 
Wow - a US$1bn valuation for a " significant minority stake" in the fibre business would really underline the PCCW valuation, which in turn makes PCRD look more compelling.
US$1bn is 80% of PCCW' s net debt - they would effectively be debt free, or they could stream a special div up to PCRD.
US$1bn is 80% of PCCW' s net debt - they would effectively be debt free, or they could stream a special div up to PCRD.
Awaiting to see if PCCW potential US$1b fibre sales goes thru..... much needed booster 🤔
The company continues to buy all the volume at $0.28. But for now not willing to pay more to get more.
The more SBB, the less available share in the market...... 🤔
SlothSG ( Date: 06-Sep-2023 20:15) Posted:
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I don' t think PCRD' s motivation in buying shares is defending the price - they have no need to do so. I think they are buying because they think at this price it is very cheap and they may not get the chance to buy it much cheaper before it is too late.
Yes, SBB in play 
fruitfulness ( Date: 05-Oct-2023 22:29) Posted:
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Today' s trade - all 43000 shares were SBB at 28c! PCRD going all out to defend at this price!
Sell sell sell and let' s see how much SBB will take place.
Also very keen to pick more durians 😂
Also very keen to pick more durians 😂
The trigger is not specifically 90% for Richard Li, but 90% not in public hands. Shares held by directors are (I believe not) counted as being in public hands, so the 5.01m shares held by Peter Allen also counts towards that. So following the most recent share buyback, I make it 2.96m shares short of 90% so pretty close.
Obviously though PCRD is not going to go over this by accident. Richard Li will need to make a conscious choice to buy out the remaining PCRD shareholders and eliminate this link in the holding structure chain through which he controls PCCW.
In the past, PCRD was useful to him because it provided a means of raising additional cheap leverage which allowed him to control PCCW (and hence HKT) with less funds than would otherwise have been required, and also without overgearing either PCCW or HKT themselves. Since the recent rise of interest rates from 2022 and the increasing likelihood of higher rates for longer, PCRD' s benefit to him in this way has diminished (as per PCRD now paying down debt). Together with the current PCRD share price where it is, it would seem to make sense for him to now buy everyone else out.
Obviously though PCRD is not going to go over this by accident. Richard Li will need to make a conscious choice to buy out the remaining PCRD shareholders and eliminate this link in the holding structure chain through which he controls PCCW.
In the past, PCRD was useful to him because it provided a means of raising additional cheap leverage which allowed him to control PCCW (and hence HKT) with less funds than would otherwise have been required, and also without overgearing either PCCW or HKT themselves. Since the recent rise of interest rates from 2022 and the increasing likelihood of higher rates for longer, PCRD' s benefit to him in this way has diminished (as per PCRD now paying down debt). Together with the current PCRD share price where it is, it would seem to make sense for him to now buy everyone else out.
Was pleasantly surprised by the SBB of 168500 shares, to support the share price. Indeed, we may view PCRD as being underpriced as compared to PCCW, its pre-eminent dominant component. Perhaps 90% of PCRD is constituted by 22% of PCCW. 22% of PCCW would amount to $1.1b market cap, whereas PCRD market cap is only about $768m, notwithstanding the slightly higher debt profile. Let' s see if there would be continued SBB. It is still some 3m ++ shares (??) away before Richard Li will cross the 90% holding threshold, and thereby trigger a delisting offer!
Alignment ( Date: 01-Sep-2023 13:28) Posted:
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Yes the first buyback since early covid times in 1H20. Not quite as cheap today relative to then at least in comparison to the underlying sum-of-parts value at the time, but given the still massive discount of the current share price to the current sum-of-parts not a surprise that the company is now buying back shares, especially given the company itself certainly understands its own underlying value unlike some market participants who may be confused by the accounting.
Early days, but the company is buying back aggressively - 168,500 shares in one day 56% (!) of the day' s volume and 242% (!) of the average daily traded volume over the past 3 months.
Not declaring a dividend for 1H23, triggering the sharp drop in share price, which now has created the opportunity to buy back shares, has resulted / is resulting in a transfer of value from those investors who sold / are selling out post 1H23 results at the current price, to the benefit of those investors buying at the current share price (including implicitly those existing shareholders not selling who are benefitting from the accretion caused by the buyback). Hence, ignoring the current mark-to-market decline, existing investors who hold are actually better off now vs the situation had the company declared a dividend...
Early days, but the company is buying back aggressively - 168,500 shares in one day 56% (!) of the day' s volume and 242% (!) of the average daily traded volume over the past 3 months.
Not declaring a dividend for 1H23, triggering the sharp drop in share price, which now has created the opportunity to buy back shares, has resulted / is resulting in a transfer of value from those investors who sold / are selling out post 1H23 results at the current price, to the benefit of those investors buying at the current share price (including implicitly those existing shareholders not selling who are benefitting from the accretion caused by the buyback). Hence, ignoring the current mark-to-market decline, existing investors who hold are actually better off now vs the situation had the company declared a dividend...
Kio some yesterday..... effectively increase my position by another 25%.
Also noted SBB after so long by company.
Huat Arh!
Also noted SBB after so long by company.
Huat Arh!
Started accumulating at 0.29 liao. This is a good entry point
Vested and shared the same view.
Have been holding this company since 2019 and very rewarding journey.
Also always mentioned in the Annual report, " The result of the Group are substantially dependent on the results of the Group' s major investment, PCCW.
Happy hunting .....
Have been holding this company since 2019 and very rewarding journey.
Also always mentioned in the Annual report, " The result of the Group are substantially dependent on the results of the Group' s major investment, PCCW.
Happy hunting .....
Alignment ( Date: 10-Aug-2023 15:02) Posted:
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This company is a great company to trade in and out of. Over time the price has swung very significantly both up and down because many shareholders react strongly to changes in dividend payments, not understanding that the fundamental value hasn' t in fact changed (which is not surprising given the underlying asset (HKT) is a dominant infrastucure company in its market). Hence at some points in time this company has been significantly overvalued, and at other points in time significantly undervalued.
This gem is a gone case.
Thanks for sharing. Very helpful.
Alignment ( Date: 09-Aug-2023 15:55) Posted:
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