Stock | Buyer | Purchase date | No. of shares | Price | Shareholding |
Leeden | Steven Tham (Chairman/CEO) | 24 Sept | 300,000 | 35 cts | 7.25 m (4.16%); 31 m (17.8%, deemed interest) |
Kelvin Lee (COO) | 25 Sept | 310,000 | 35.4 cts | 21.57 m (12.38%, deemed interest) | |
HLN Technologies | Wa Kok Liang (COO) | 17 Sept | 173,000 | 38 cts | 8.9 m (7.2%) |
21 Aug | 669,000 | 22.5 cts | |||
17 Aug | 10,000 | 22 cts | |||
Bright World Precision Machinery | Shao Jian Jun (CEO) | 23 Sept | 553,000 | 16.084 cts | 900,000 (0.23%) |
22 Sept | 347,000 | 15.831 cts |
Leeden: The shares have traded within a very tight range so far this year, unlike many counters which dived sharply in March and have since made more than 100% gains.
Leeden, at its lowest this year touched 31 cents, and recently closed at 35 cents – at which level its top two management staff, Steven Tham and Kelvin Lee, have recently bought shares at.
Leeden provides integrated products, services and solutions for welding, gas and safety to its clients.
It currently has a market cap of about $65 million, a dividend yield of 2.78% and a historical PE ratio of 8.4.
It has a share buyback programme, whose most recent action was in the Feb 26-Apr 30 period when it bought back 2.4 million shares at an average of 34 cents each.
Read our recent story: LEEDEN: 1H09 core revenues jump 48%
HLN Technologies: This is a small-cap whose CEO stepped down to become COO, after having sold a chunk of his holding to a third-party.
The interesting fact is, Wa Kok Liang, seems to be intent on buying back what he had sold just a short while back – and at much higher prices.
Could this signal the more exciting prospects that HLN are likely to have in the future under the new CEO, 28-year-old Jeff Cheong?
Read our recent story: HLN TECHNOLOGIES: New dreams under new CEO, 28
Bright World Precision: This is an S-chip that has been a laggard in the recovery rally but its CEO, Shan Jianjun, seems to think the stock is a bargain.
He bought 900,000 shares at around 16 cents apiece, his first on-market purchase since the company was listed in 2006.
The market seemed to be taking the cue from him, and has pushed the stock up to 20 cents recently. That's still a lot lower than the 70-75 cent offer price by a suitor intent on taking over the company last year (before the Lehman crisis).
Read more about the takeover offer in 2008: BRIGHT WORLD: My take on its takeover offer