海外天(OVERSEA,0153,创业板)在台湾成立独资子公司台湾海外天(TaiwanHaewaytian),为拓展台湾市场铺路。台湾海外天缴足资本达100万令吉(约11万8500令吉)。该公司将在现财年,拨250万令吉添购新机械和增设新分店,平衡投资在旗下业务。 Question: 1) Need money to expand Taiwan market, 2) everyday buyback share, 3) need $2.5M to buy equipment & expand restorant. Company have a lot of money to execute this 3 plan? So, what do you think company buy back own share ?? http://www.nanyang.com/node/654822?tid=462
1) & 3) After OVERSEA sold their unprofit restaurants, there should be a significant amount retained as their internal funds. Besides, as i know, currently OVERSEA is a debt-free company (means it doesn't owe any money to banks). Thus, i believe that it has the capability and not difficult to get bank loan, in order to finance the cost of project.
2) Usually, it is not difficult to guess their intention of buyback shares, a) the shares are undervalued currently, thats why they buyback now at lower price. b) they want to sustain their share price to avoid it further dropping.
From 24th September until 17 October 2014, OVERSEA has buyback total number of 3,305,300 shares with total consideration paid of RM 706,691.23. Since their total number of shares outstanding in market is approximately 245,416,667, this means that they already get back around 1.35% ownership of shares.
Conclusion: They buyback almost everyday especially when the market is doing not well.
look like boss selling and company is buying . market wont have much shares to go around .top 30 is holding 80% and why is there selling or seller everyday ?
i can confirm that the people who buying and selling shares are those retail investors. The announcement will be posted in Bursa Malaysia if OVERSEA or insiders bought or sold their shares.
almost very week i eat at Oversea restaurant. Their service is very good and the food is superb..............this is an excellent company!!!!!!!!!I will keep buying b4 it reach 50cents....
age is not a problem. The most important is cooking skills. He can cook abalone and shark fins very well. His knives skill is fast and furious.....................Oversea is totally a good BUY!!!
I hv been to the agm recently in Sri Petaling. Turning into mainboard is in the pipeline, 7mil ringgit from Bumiputera allotment will be pumped into the company.
Btw, very hard to find parking there, next time must take Uber
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wploun
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Posted by wploun > 2014-10-02 17:08 | Report Abuse
Don't sell at low price, company buyback will need to buy high, than the price will move up.