sino grandness - undervalued stock

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10 years 3 weeks ago - 10 years 3 weeks ago #21124 by Mel
So boss did buy on Day 3 (Last Friday, 24 Oct). Announced this evening -- he bought 205,000 shares @ 48.8 cents

infopub.sgx.com/FileOpen/_FORM1_HYP_2710...cement&FileID=320533
Last edit: 10 years 3 weeks ago by Mel.

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10 years 3 weeks ago #21126 by Big Fish
Dare to disagree

He said, "My job is to prove Dr. Stewart wrong." He actively sought disconfirmation. Different ways of looking at her models, at her statistics, different ways of crunching the data in order to disprove her. He saw his job as creating conflict around her theories. Because it was only by not being able to prove that she was wrong, that George could give Alice the confidence she needed to know that she was right.

www.ted.com/talks/margaret_heffernan_dar...language=en#t-281267

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10 years 3 weeks ago #21127 by chinsoonyuen
more heavy selling pressure today

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10 years 3 weeks ago #21132 by Mel
Day 4 (Oct 27, Monday), CEO bought 95,000 shares at 48 cents.

His buybacks are reported to SGX one day later.

infopub.sgx.com/FileOpen/_FORM1_HYP_2810...cement&FileID=320773

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10 years 3 weeks ago - 10 years 3 weeks ago #21140 by Big Fish
Thai investors are like any business in wanting a 'good deal'. I am not surprised to see they have negotiated for a lower price 61 cents --> 50 cents.
The sale & purchase price may be even lower if the market price gets lower!


There is a new clause inserted but I doubt the Thai investors will walk away from the proposed placement (if the weighted av price on the last day preceding date of completion is below S$0.40).

infopub.sgx.com/FileOpen/Sino_Grandness_...cement&FileID=320992


Bottomline is, this is not in Sino Grandness' favour and in the days ahead, the share price could see further weakness. Brave hearts and contrarian smarties will dare to buy cheap. Where's Alan Wang/Asdew? This is a wild card.
Last edit: 10 years 3 weeks ago by Big Fish.

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10 years 3 weeks ago - 10 years 3 weeks ago #21142 by pine
Panic buying now! +4.5 cnts --> 44 cents currently.
Feel sorry for the guy who sold off in a bout of anxiety the other day and said he took a S$190,000 loss.
Last edit: 10 years 3 weeks ago by pine.

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