J - Advanced Holdings

Advanced Holdings,

News:
1. Benny Hartoyo bought 90,838,346 shares @ $0.42/sh from MD of Adv Hldgs

2. BD Corp also bought 17,000,000 shares @ $0.42/sh from same MD

currenlty, the price is $0.280. its absolutely cheaper than their BB!!

my trading strategy:
a. buy some portion, in case the share turn up and fly away

b. waiting for $0.265 support level, and buy another portion

c. if share keep drop, will show hand to buy at $0.21 (50% discount of BB cost $0.420)

eh, I checked. the transaction price for BD was 23.8 cents only.
the other one involving Benny -- cannot find. what date?

on 30.4.13 - Bentoyo bought 90,838,346 shares @ $38,152,105.32 (ave $0.42/sh)

on 23.09.13 - BD bought 17,000,000 shares @ $7,140,000 (ave $0.42/sh)

jessiek wrote: on 30.4.13 - Bentoyo bought 90,838,346 shares @ $38,152,105.32 (ave $0.42/sh)

on 23.09.13 - BD bought 17,000,000 shares @ $7,140,000 (ave $0.42/sh)

Benny has bought 90,838,346 shares (29.9%) of advanced holdings. if i'm not mistaken, according sgx rule, the person who acquire 30% or more shares of the company, has to apply to sgx for cash offer with his/ her the highest price he bought from the company.

in this case, once he acquired 0.1%, he has to cash offer at $0.42 to public then.

i have calc, the 0.1% is about 304,000 shares. anytime he will announce trading halt and gap up to $0.42 once he acquire this amount of shares.

GOOD LUCK!

Thank you Jessie. In April and Sept 2013, the dates of the transactions, the stock price never went anywhere near 42 cents. Just around 20-25 cents in April and 25-31 cents in Sept.

Do you know how come the married deals were done at 42 cents? Why would the buyers pay way above market price ?

hi Del,

The $0.42 price is set, based on Sale & Purchase Agreement (S&P Agreement) between Benny and Advanced Hldgs MD. that mean buyer willing to pay $0.42/sh to get 29.9% from the Co.'s MD.

The rich guy must have reason to buy the shares at this high price which we don't know yet.

Just wait and see, time will tell everything...