Danny Tan has to sell down in order for Company to continue share buy back so as to maintain the minimum 25% public spread. If the public spread level dips below 25% the Company's risk been suspended and ultimately delisted.
Actually Tropicana quite pitty . Many lousy counters keep break high records . No matter lost or profit keep going up Because now with bull But this handsome Tropicana just dun know what is going on I only can say all the best for Tropicana
The total number shares is excluding treasury shares. Each time share buy back takes place the total number of shares shrink and if Danny doesn't sell, his shareholding percentage will increase above 75% resulting in public spread below 25%.
tropocana is poor and boss is pity, be sorry, commiserate, be apologetic, feel badly for tropicana
I feel is the most pitty
good results and strong cash . But never get any little bit luck during Bursa hot time for many years not only this bull last few years also
like I said many loss company share price can limit upppppppppppppppppp for best example is Sendai Sendai last time loss until want die liao but got people promote Sendai price up from 45sen until near 1.50sen
So Tropicana keep improve but share price keep going lowest history
If I got enough money I will push up Tropicana to 1 ringgit
Information is now out that Danny Tan sold 1.2 million shares at 0.82 in two tranches of 600,000 shares on 11/7 and 16/7 off market in direct dealings, most likely to a friendly party.
Danny can only wiggle so much before breaching public spread. Dont know how long he can do this for. He really should focus on fundamentals and improving earnings previously. All these selling to proxies and getting tropicana to do share buy back is not going to improve share price. Range bound between RM 0.90 - RM 0.80 for the time being.
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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....
Hello99
24 posts
Posted by Hello99 > 2018-07-17 08:50 | Report Abuse
haha....after a while maybe 950 will drop to 850 again ...usually like this BJLAND, TAGB and etc.