Newbie. Its just a rough estimate. There are 2.2 billion shares issued. Of this the owner owns about 72 to 75%. The highest price for HSCB was RM4.99 and that was achieved late November. Hence owner owns 2.2 billion x 70% = 1.54 billion shares. Each share has lost RM4.99 - 3.75 = RM1.24 each. This now works out to RM1.9 billion lost. But as someone said it. He can afford it. We can't, even for our small sums.
I clearly cant understand why the price drop tremendously and the buyback mechanism is not activated. HSCB is like active to curb the price drop. why not? foreign fund dumping? or the boss himself? there is no clear indication on this counter now. no bad news and yet the price already plummeting like this..
I bought this counter at 1.75 on 9-May-13 (CAGR: 67.04% p.a.). This company holds 4% treasury shares right now. I recalled that bulk buy back and bulk sell out were carried out along the months. These series of buy-sell trades generated bulk cash for HapSeng by trading its own shares in the market. It is time to study the company's cash position before making any decision
Hapseng Insurance , Li Shin Hong continuos buy sell (and sell buy) HS share in open market to lift its price has become rountine practice (besides share buy back). If not mistaken, LSH eat up till 4.98, while HSI is the one who sold for LSH to eat at that day. (More precise data, pls check bursa announcement, i wrote merely based on my memory. RM 5.00 off market trade, is LSH transferred to HSI. After the off market trade, company has become very inactive to interfere on HS share price liao. 31/12 closed at 4.68, market cap surpass RM 10B. Price start fall since 2015. Maybe artificial intervention on its price temporary stopped.
2013,2014, one off gain significantly lift HS eps. Its recurring eps is very tiny compared total eps. But HS one off gain seems continuosly recurring :P
Can anyone pls advice on the rationale behind hapseng sister company buy sell, and then sell back activity? If we can decode this activity, maybe we can decode the continuos up and continuos fall of HS share price. Thks in advance
Hap Seng is a well managed entity; ask yourself which sector has contributed to its increment to its share price..r they still persistent as 2 years back ? Then, u will find the answere. But, this Hs is are really good counter to monitor closely. That your bid..
Hapseng in the limelight for the wrong reason, Share Buy Back is the only hope to halt the share price from falling, Unfortunately there's no buy back in sight.
Still no sign of it.. someone is manipulating the price. Thought the price will hover at 4.00 but the huge dip is really unexpected. Tomorrow could be the coming six drops in row since last Monday trade..unpredictable...... no news no signs and no ideas..sigh..
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....
Lollipot Anison
2,082 posts
Posted by Lollipot Anison > 2015-01-19 15:06 | Report Abuse
free fall. I'm waiting you hapseng-wa