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Noticed there were still some die hard kateks this morning who forced the price down to $0.58. Let' s wait til last hour today again
easywin ( Date: 06-Jul-2021 09:37) Posted:
| Today easily 60cts and above, anyone still wanna selling cheap? |
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Love this Tuan Sing - may it continue to soar and reach the skies!!!! Fly Fly Fly High!!!
Really nice to see Tuan Sing at the Top 10 volumes though. It is a long listed company with so many undervalued assets. Just that price appreciation never seemed to be the 2nd Gen' s priority. So many minority investors simply gave up and sold out. Glad to see the 3rd Gen under William Liem has a greater drive and aspiration to see share prices appreciate.
Goldfinger ( Date: 06-Jul-2021 09:45) Posted:
| My target minimum 80 cents at the listing of Gultech China. Else, just hold, watch and see. |
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My target minimum 80 cents at the listing of Gultech China. Else, just hold, watch and see.
Today easily 60cts and above, anyone still wanna selling cheap?
Here we go again.....up up up.
This was my super big fear at 23-24cts last year - now rather unlikely given that any offer must be substantially above 60 cents to go through given current prices. There is a reputation cost to a failed private offer to both CF advisor and the buyer.
investshare ( Date: 06-Jul-2021 07:06) Posted:
What if this happen?
On July 5, United Overseas Bank, on behalf of the major shareholders of Lian Beng Group, announced the offer to privatise the company at 50 cents had gone unconditional - that is the founding Ong family and friendly parties hold more than 50%. However, the announcement reiterates that the offer closes at 5.30pm on July 26, with no extension of the closing date.
The privatisation offer shines a spotlight on the vast difference between the offer price of 50 cents per share relative to Lian Beng?s net asset value of 145.58 cents. In addition, the company carries very a modest amount of debt, with a net debt to equity ratio of around 0.47. |
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What if this happen?
On July 5, United Overseas Bank, on behalf of the major shareholders of Lian Beng Group, announced the offer to privatise the company at 50 cents had gone unconditional - that is the founding Ong family and friendly parties hold more than 50%. However, the announcement reiterates that the offer closes at 5.30pm on July 26, with no extension of the closing date.
The privatisation offer shines a spotlight on the vast difference between the offer price of 50 cents per share relative to Lian Beng?s net asset value of 145.58 cents. In addition, the company carries very a modest amount of debt, with a net debt to equity ratio of around 0.47.
With gultech ipo . And this smart ceo knowing how to link with China capital companies. We can see this stock above $1
Porken ( Date: 05-Jul-2021 23:15) Posted:
Maybe tomorrow everyone hold the fort... we target above $0.60...
I think if can reach 80cents before the listing take place... that is really very good le. My target price is around there prior to listing |
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Maybe tomorrow everyone hold the fort... we target above $0.60...
I think if can reach 80cents before the listing take place... that is really very good le. My target price is around there prior to listing
Lesson is dont play play with this gem. Try your luck in other counters without sound fundamentals
Porken ( Date: 05-Jul-2021 19:22) Posted:
Is this why the matching take until 17:12? Because of the shorting?
nott1965 ( Date: 05-Jul-2021 18:11) Posted:
| Those who shorted this morning despite many warnings scrambled to cover during last hour. Shiok! |
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Apparently they are authorised to repurchase 118million shares and have only purchased 169,000 to-date. So a lot more to go. Hope they rechannel more of the big profits from Robinson Point and Gultech China stake sale towards share repurchases to push the price closer to 80 cents yah.
There were a few rights issues, including one at about 5 cents maybe during the Asian crises or something like that? I remember that I subscribed then. Hopefully that has averaged out the prices.BLACKBIRD72 ( Date: 05-Jul-2021 21:06) Posted:
In the mid 90s it hit above $1 , I still have a few lot bought at 99 cents ! Lolz
Goldfinger ( Date: 05-Jul-2021 16:58) Posted:
| Might see 58 cents today. All time high, after factoring in numerous rights issues. This company was listed a long time ago. May in the 1970s-1980s. My mother said the highest was at 60cents. Could be. |
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In the mid 90s it hit above $1 , I still have a few lot bought at 99 cents ! Lolz
Goldfinger ( Date: 05-Jul-2021 16:58) Posted:
| Might see 58 cents today. All time high, after factoring in numerous rights issues. This company was listed a long time ago. May in the 1970s-1980s. My mother said the highest was at 60cents. Could be. |
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.... their buybacks and at higher prices very symbolic to take the price higher (& to more realistic level) as well as to " add belief" to (long-time) loyal s/holders NOT to be tempted (too eager) to sell at prevailing price (to hold-on a little longer) ..... so could reduce the sell " Q" volume and allow / helps the share-price to climb further.
Porken ( Date: 05-Jul-2021 19:52) Posted:
| 5 July 2021 - Share buyback at 0.53 to 0.54. 29,000 shares. |
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I like the new 3rd Gen CEO who thinks the share is undervalued and wants to see it rise. This is different from the early 2 Gen who want stability. I like him. TS will climb sky high with this CEO.
5 July 2021 - Share buyback at 0.53 to 0.54. 29,000 shares.
Is this why the matching take until 17:12? Because of the shorting?
nott1965 ( Date: 05-Jul-2021 18:11) Posted:
| Those who shorted this morning despite many warnings scrambled to cover during last hour. Shiok! |
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Those who shorted this morning despite many warnings scrambled to cover during last hour. Shiok!
