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61-80 of 114
Is 1.50 a good price to get in?
149,900 shares@$1.48 share by back today
23 Jun 2021 - After one day break on 22Jun, share buyback continues.
| Date | No. Shares | S$ | S$/share |
| 14-Feb-20 | 20,000 | 15,490 | 0.77 |
| 17-Feb-20 | 10,000 | 7,770 | 0.78 |
| 19-Mar-20 | 600,000 | 342,500 | 0.57 |
| 20-Mar-20 | 390,000 | 218,910 | 0.56 |
| 23-Mar-20 | 10,000 | 5,615 | 0.56 |
| 16-Jun-21 | 427,300 | 567,588 | 1.33 |
| 17-Jun-21 | 316,500 | 430,169 | 1.36 |
| 18-Jun-21 | 100,000 | 138,355 | 1.38 |
| 21-Jun-21 | 359,000 | 496,592 | 1.38 |
| 23-Jun-21 | 200,000 | 290,745 | 1.45 |
| Total : | 2,432,800 | 2,513,734 | 1.03 |
Company shares buyback 200,000units at SGD 1.45 today, still considered cheap to hold it
Repeat an earlier post for convenience for all
If analysts start covering The Hour Glass, what could valuations look like?
Perhaps:
If analysts start covering The Hour Glass, what could valuations look like?
Perhaps:
- FY2021 underlying earnings = S$92M (with adding back of S$10M fair value loss on investment properties)
- But investing/valuation should be about one' s belief about where the company will be in the future
- So assuming 3% earnings growth per year, Year10 net profit would be S$124M, average net profit over 10 years would be ~S$110M (for a round number)
- As an owner, THG would earn me on average S$110M per year for next 10 years
- Ascribing 15X PE to S$110M = the business has a value of = S$1,650M
- Why 15X? I don feel that one should use 15X when one is considering to BUY (margin of safety considerations). But I don think that one should sell unless it reaches at least 15X (let a good business/investment compound and enjoy the ride considerations)
- Adding net cash of ~S$140M (as at Mar2021) to S$1,650M = the company is worth = S$1,800M (for a round number)
- I do not add the value of THG' s investment properties because THG does not have a intention to realise their value through selling them, rather THG would likely covert them into boutiques for its core business.
- S$1,800M divide by 704M shares = $2.50 per share.
AttasBoss ( Date: 22-Jun-2021 13:48) Posted:
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The company is severely undervalued and a large number of stock buyback
AttasBoss ( Date: 22-Jun-2021 13:48) Posted:
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what is the reason rising?
Corporate news coming ?
Thank you for your update. With the recent company share buyback, I am more confident that the stock price will rise again in the short term
choonoohc ( Date: 21-Jun-2021 19:22) Posted:
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21 Jun 2021 - The Hour Glass continues to buy back shares from the market.
Disclaimer: while care has been taken to present accurate data, DYODD and refer to below at your own risk.
Total amount spent to date ~S$2M not significant relative to net cash of S$143M as at 31Mar2021 and dividend payout of ~S$40M for FY2021 ($0.06/share).
Disclaimer: while care has been taken to present accurate data, DYODD and refer to below at your own risk.
Total amount spent to date ~S$2M not significant relative to net cash of S$143M as at 31Mar2021 and dividend payout of ~S$40M for FY2021 ($0.06/share).
| Date | No. Shares | S$ | S$/share |
| 14-Feb-20 | 20,000 | 15,490 | 0.77 |
| 17-Feb-20 | 10,000 | 7,770 | 0.78 |
| 19-Mar-20 | 600,000 | 342,500 | 0.57 |
| 20-Mar-20 | 390,000 | 218,910 | 0.56 |
| 23-Mar-20 | 10,000 | 5,615 | 0.56 |
| 16-Jun-21 | 427,300 | 567,588 | 1.33 |
| 17-Jun-21 | 316,500 | 430,169 | 1.36 |
| 18-Jun-21 | 100,000 | 138,355 | 1.38 |
| 21-Jun-21 | 359,000 | 496,592 | 1.38 |
| Total : | 2,232,800 | 2,222,988 | 1.00 |
wow got funds interested in THG?
Thanks for tabulating,
this is also telling me more buybacks to be expected since the net cash is so huge..
this is also telling me more buybacks to be expected since the net cash is so huge..
choonoohc ( Date: 19-Jun-2021 12:03) Posted:
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When the company starts to buy back its own company stock, it means that the current price is too cheap. DYODD
choonoohc ( Date: 19-Jun-2021 12:03) Posted:
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Tabulating share buybacks made by the company to-date (Disclaimer: while care has been taken to present accurate data, DYODD and refer to below at your own risk).
Total amount spent to date ~S$2M not significant relative to net cash of S$143M as at 31Mar2021 and dividend payout of ~S$40M for FY2021 ($0.06/share).
Total amount spent to date ~S$2M not significant relative to net cash of S$143M as at 31Mar2021 and dividend payout of ~S$40M for FY2021 ($0.06/share).
| Date | No. Shares | S$ | S$/share |
| 14-Feb-20 | 20,000 | 15,490 | 0.77 |
| 17-Feb-20 | 10,000 | 7,770 | 0.78 |
| 19-Mar-20 | 600,000 | 342,500 | 0.57 |
| 20-Mar-20 | 390,000 | 218,910 | 0.56 |
| 23-Mar-20 | 10,000 | 5,615 | 0.56 |
| 16-Jun-21 | 427,300 | 567,588 | 1.33 |
| 17-Jun-21 | 316,500 | 430,169 | 1.36 |
| 18-Jun-21 | 100,000 | 138,355 | 1.38 |
| Total : | 1,873,800 | 1,726,397 | 0.92 |
I believe the company will repurchase its shares again today
muifan ( Date: 18-Jun-2021 08:33) Posted:
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2 days of share buy back at higher and highe price
tell me something is brewing...
it shows the " urgency"
tell me something is brewing...
it shows the " urgency"
RichardTeo
Why producers leave " a commission cut" to middlemen ? Sell directly they can have more margins.
Why Sentosa does not operate casino itself, but leave a " commissionn cut" to Genting?
Why Changi Airport does not do groundhandling itself, but leave a " commissionn cut" to SATS?
Why ComfortDelgro does not hire taxi drives as employees, but leave a " commissionn cut" to drivers?
Why brandes does not sell to consumers directly, but leave a " commissionn cut" to Dairy Farm?
Becasuse focusing on what one does best gives the highest return. Investing $100 to set up boutiques may not earn as much as investing $100 to expand your watch factory.
And the way you analyze the 3% every year 15X PE etc is quite naive to me.
Thats precisely the point. If even a naive, simple, conservative analysis can prove that the room for upside is huge, then there is very high chance there is indeed $ lying in the corner, and one just have to go pick it up.
Why producers leave " a commission cut" to middlemen ? Sell directly they can have more margins.
Why Sentosa does not operate casino itself, but leave a " commissionn cut" to Genting?
Why Changi Airport does not do groundhandling itself, but leave a " commissionn cut" to SATS?
Why ComfortDelgro does not hire taxi drives as employees, but leave a " commissionn cut" to drivers?
Why brandes does not sell to consumers directly, but leave a " commissionn cut" to Dairy Farm?
Becasuse focusing on what one does best gives the highest return. Investing $100 to set up boutiques may not earn as much as investing $100 to expand your watch factory.
And the way you analyze the 3% every year 15X PE etc is quite naive to me.
Thats precisely the point. If even a naive, simple, conservative analysis can prove that the room for upside is huge, then there is very high chance there is indeed $ lying in the corner, and one just have to go pick it up.
RichardTeo ( Date: 17-Jun-2021 13:33) Posted:
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Since the buyback is taking place at about $1.35, it means the Board is saying that the Company is worth at least $1.35.
Thus should there be any takeover/privatisation attempt in the near future, the Board would not be in a position to accept anything lower than $1.35.
This buyback thus provides a minimum price level for any takeover/privatisation attempt in the near term.
Thus should there be any takeover/privatisation attempt in the near future, the Board would not be in a position to accept anything lower than $1.35.
This buyback thus provides a minimum price level for any takeover/privatisation attempt in the near term.
Shares buy back again today
This is company share buyback, not personal or specific to someone