selling the treasury stock is just unlock the profit ,it is normal exercise for the listed company. Moreover dispose the plantation sector for CASH as well. we can expected to have good dividend to announced soon. HOPE SO.
The company had been buying back its own shares for quite some time. Recently they are selling the treasury shares. Purpose is to make money out of it? Notice the amount of treasury shares are big and the selling Q is big also. By doing so, isn't it the price will drop? Really don't quite understand what they are doing. My thinking is that they are having hugh development project running into billions, so they need some funds and are selling some T shares. Anyone wish to discuss and share here? Thx
Thx dalpinia. A collection of some possible reasons why HapSeng is selling T-shares lately:- 1) Company securing more funds to ready for hugh Development projects. 2) MD wants to show better next Q results.
Anyone wants to add more? Just for sharing and discussion by all interested parties. Thx
I would go with the realization of profits but we would not see this until the Nov disclosure. Anyway its bought by related company. In one pocket, out another. I don't quite understand whats going on.
08/08/2014 Lei Shing Hong Investment Ltd ["LSHI"] Purchase of 16,454,400 shares on open market from 4 August 2014 to 7 August 2014.
Hmm Yes YeapChinPoh, really don't get what they are doing and why related parties are buying like that. Anyway
A collection of some possible reasons why HapSeng is selling T-shares lately:- 1) Company securing more funds to ready for hugh Development projects. 2) MD wants to show better next Q results. 3) Realization of profits. Anyone wants to add more? Just for sharing and discussion by all interested parties. Thx
The price has been hovering at this range for couple of weeks. And everytime its pushed back to 3.5 or 3.51. Some kinda interesting activity.Vol has been picking up. Hopefully quarter results good.
Firebird2, there are two answers to your question on treasury share. If you hate Hap Seng, then it's insider trading. If you worked in corporate world, then it's account balance for Lei Shin Hong
Thx Hjey, I don't hate Hap Seng, I do hold some shares. Wonder why its done in the open market. Maybe the price will be around this level for some time to come, as there are a lot more to go.
absoutely,profitability of the company will always be the only factor to think of,but if privatisation take place,you and me will be in no position to focus on the business
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....
Penang Ran
116 posts
Posted by Penang Ran > 2014-08-08 07:44 | Report Abuse
selling the treasury stock is just unlock the profit ,it is normal exercise for the listed company. Moreover dispose the plantation sector for CASH as well. we can expected to have good dividend to announced soon. HOPE SO.