Boustead    Last:2.02    +0.02

Boustead on the move now

As at Dec 2019, including financial assets at amortised cost, Yangzijiang was in a net cash position, equivalent to S$1.05 per share - extract from DBS analyst report

Share price of yzj on 3 mar is $0.915

How to explain?

 

Boustead has a net cash of $0.40.
Share price only $0.73...

 

This counter either doesn' t move or it goes down ....sigh 

 

Boustead also had a health care arm!

The Board of Directors of Boustead Singapore Limited (the &ldquo Company&rdquo ) wishes to announce that J& M International Medical & Healthcare Limited (&ldquo J& M&rdquo ), a 50%-owned associated company of its wholly owned subsidiary WhiteRock Incorporation Private Limited (&ldquo WRI&rdquo ), has acquired a 100% interest in Beijing Echo Health Co., Ltd (&ldquo EchoHealth&rdquo ) and an 80% interest in IntellInnovation Health Technology (ChongQing) Co., Ltd (&ldquo IntellInnovation&rdquo ) (the &ldquo Acquisition&rdquo ) for an aggregate cash consideration of RMB29 million (approximately S$5.6 million), comprising equity investment and working capital loan.
  https://links.sgx.com/FileOpen/Boustead_Announcement-Acquisition_of_Associated_Companies-05.12.2019.ashx?App=Announcement& FileID=589513

 

Boustead Singapore started at ' buy' on ' reliable prospects' : UOB Kay Hian

 

half of boustead' s market cap is net cash $0.40!

 

strong buying volume at $0.79!!.

Lets see if Boustead rears its head above $0.80 next week!

tangsookiam1947      ( Date: 08-Dec-2019 21:08) Posted:   Something appeared to be brewing....buyers appeared to take off sellers hurriedly.  jumped from $0.755 to $0.78.....

 

 

Something appeared to be brewing....buyers appeared to take off sellers hurriedly. 

jumped from $0.755 to $0.78.....

 

https://research.sginvestors.io/2019/09/boustead-singapore-ltd-cgs-cimb-research-2019-09-23.html

Initial Target Price = $1.00 (Boustead)

 

 

possible privatization target :)

The real value of Boustead is easily more than $1.20 

 

I sold my share at 76cts before it started to drop. 

Mr wong buying more from the market. is he going to privatise the company ?

 

Triple witching up and down

 

Ping Pong between 735 and 765.

 

Such a large amount of shares, Wong FF better absorb...imagine if sell in the open market till when??

Wonder why not use the company buyback mandate?

73.5cts not a fantastic price for seller. me think.

 

who sold this 23mil shares to wong ?

 

not sure if the shortists are shitting in their pants.........

 

FF Wong bought 23 mil shares!!!!!!!!

 

Morning 24000 lots at 735cts, BB covering ita short position ?

Maybe they working both direction, short 80 down to 71, then now pumping up back to 80.

 

true enough... +ve news doesnt help much on vol....

hmmhmm      ( Date: 23-Aug-2019 08:57) Posted: so far vol is not so encouraging....

 

This is not a good stock for shortinng. The free floating shares are very low and any larger buy the price bound back fast