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hobby1 ( Date: 25-Oct-2010 10:55) Posted:
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Just received the circular for shareholders.
Chairman and his brother will get options for SGD 340,000.
rationale is commitment to the company, how can that be if they are executable after 12 months already?????
Off course directors recommend as they also participate. Curious how much the employees get, peanuts...?
I'll vote "no" against the options scheme
Oh....this is actually a rather "outdated" scheme. Some time ago, it is actually illegal to buy back company share using its own funds. The latest technology and trend now is Dual Listing.....more Powderful, More righteous (Why ? Because books audited again lor)
So during turbulent times, poorer CEO, or major shareholders will start to CFCM because they cannot do anything to stop the sharp drop in share price. That is where the share buy scheme comes in.
a) Help to stabilize share price
b) Increase shareholders value - Only if the buyback price is below the NAV or NTA
c) Increase DIV yield rate - Anytime, less float more DIV
and so forth......so it is a good thing lor.
However, why in such a hurry to implement now ?
These days I cannot think of good things about CSI because the previous two rights issue cannot be justified. Have 800M RMB still issue rights ?? Not even MFT can explain.
I have only a few scencio about this implementation. This is my opinion hor not advanced info hor so DD please
Case A: Poor results coming......need to stablize price.
Case B: A major shareholder or BB want out......need to stablize price.
On the good side
Current price is way below the NTA of 22 Scts......but why in the hurry.....Results due also in November......I guess.
Sold mine at 14cts recently......
k3n888 ( Date: 23-Oct-2010 01:51) Posted:
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I think shareholders should Support the Share BUY back.
But not others items, the mgt should put more affort to bring share price and profit up first.
not a sifu but this is what i think
share buy back:
1)restrict the supply of shares
2)which increase earning per shares
3)show that they're cash rich
so i think its rather good.
They are proposing a share buy back program, anyone who can advice if this is good or bad?
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_815451266AF3FF42482577C2005C2FC9/$file/CSI_Notice_OF_SGM_21Oct2010.pdf?openelement
any impact on the NOTICE OF SPECIAL GENERAL MEETING on 6 nov?
why ho seh liao?
can explain?
DOW standing at 148.45+ today at 3.40am........
Ho Seh Liao : ) : ) : )
Hold tightly onto the Rein of Bull as tomorrow it will start to CHEONG ah.....
Will load up more for this counter tomorrow... : ) : ) : )
Possible heading for $0.17 by this week??? Let's wait and see...
chong ya.. think this baby is moving slowly.
hlfoo2010 ( Date: 17-Sep-2010 09:29) Posted:
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YES!!! I believe there's definetly more upside for this counter. Actually 0.135 is considered
relatively a good price to enter as it has yet to CHIONG!!!!!
Hopefully it will jump start next week to $0.20. HUAT AH!!!!!!!!!!!! to those who have vested in
this counter....
Awaiting for the moment to arrive... Grinning happily to the Bank. :) :) :)
I bought a couple of lots the other day. NAV is .20 cents. Upside very likely, hopefully a bullish week ahead. :)
Good Luck everyone!
"u really think China Sports still got upside???".
I thought dead already, but her tail start to swing this week??
Any TA chart to share.