Lets hope Jack Ma have a lot of plans for N2N. SBI had been selling regularly but stopped with sale on 17 Feb 2021. On 27 Apr they reported sale of the balance of N2N shares. Negotiations between the said parties must have taken after 17 Feb and concluded before 17 Apr. Question is did Jack Ma pay a premium. Between those two dates, highest price was 0.815 and lowest price was 0.705..
teareader818, Yes is it. SBI n Japanext dispose to Hundsun. read the news. with 132,055,852 (23.6570%) share acquired by Hundsun Technologies, it have become major share holder. 2nd shareholder is N2N itself 91,622,095 (15.3%)
In 2014, Jack Ma spent USD532 million to acquire a 20.72% controlling stake. In 2017, during China's fintech boom, one of the 4 stocks recommended by a Nomura analyst was Hundsun Technologies, with a 20% upside. At that time its price was CNY36 with trailing p/e 50. Price today? CNY94.57 with trailing p/e 64.28.
Target price set by i3investor is RM1.15 Gonna go higher if listed in main board..probably no one try to sell..so, operator just play with the share price..at least contra player can be flush..
exercise price for warrant also exceed recently..maybe somebody from internal co try to purchase all warrant before mother price can go higher..
Look at the fundamentals of this stock.Strong financials of positive cash flow and net cash of more than 100k. New shareholder ie Ant group. No share overhang from SBI selling. Transfer to main board anytime soon. Interim dividend to be declared of about 1.5 cts.
Oh. Net cash of more than 100 million (inclusive of liquid investment). Not 100k. Coming first quarter net profit should double compared to 2019 first quarter.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
fms016
314 posts
Posted by fms016 > 2021-04-28 14:52 | Report Abuse
Jacky_87 Bcos of jack maa cable we all trapped inside
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today intraday trader trapped..