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ChinaNTown

that's a lot of volume today @ 14c..

something brewing..

 

I don't think it will have any effects since no work has started. 

Just be careful. The Management has diluted the original shareholders value with numerous placements. They have dished out over a billion new shares but when they buy back a mere 50 million shares, everyone start going gaga.

ZebraCrossing      ( Date: 04-Jan-2010 23:31) Posted: One more thing to note: The Chang Chun Automobile project has been canceled. This should have 2 impacts, firstly, the return of equity to the company should theoretically improved its cash position. However, the cessation of this project also mean that its NAV should be proportionally reduced. Any comments? grandmaster89      ( Date: 04-Jan-2010 21:18) Posted: Be careful a) Substantial shareholders are selling out. Seems that the company has been buying shares from them b) 2 Company management personnels have left the company today. Pros 1) Shanghai floor price is going higher and higher.

 

One more thing to note:

The Chang Chun Automobile project has been canceled.

This should have 2 impacts, firstly, the return of equity to the company should theoretically improved its cash position. However, the cessation of this project also mean that its NAV should be proportionally reduced.

Any comments?

grandmaster89      ( Date: 04-Jan-2010 21:18) Posted: Be careful a) Substantial shareholders are selling out. Seems that the company has been buying shares from them b) 2 Company management personnels have left the company today. Pros 1) Shanghai floor price is going higher and higher.

 

Be careful

a) Substantial shareholders are selling out. Seems that the company has been buying shares from them

b) 2 Company management personnels have left the company today.

Pros

1) Shanghai floor price is going higher and higher.

 

watch this counter!

 

i agree with grandmaster89... think can hope that the price is well supported at 0.145 and make an early jan rally to allow us to get out!!

 

good that price is still supported at 0.145 even though there is no share buyback today .

 

Precisely. 

I think it pays to take note that the company had -

(1) on 9Sep09, issued 451.881m new shares at ONLY S$0.07872/share for the repurchase of some high-yield notes.

(2) on 5May09, issued 680.0m new shares at ONLY $0.051/share to its controlling shareholder, Sinopower Investment Ltd.

And, as at 30Sep09, 745.146m new shares may be issued under a convertible bond (CB3) issued to Sinopower investment Ltd on 9Sep09.

ZebraCrossing      ( Date: 30-Dec-2009 10:10) Posted: Actually, this daily buy back by management is starting to worry me slightly. The company isnt flushed with lots of cash to start off with...

 

for me if i am worried i will just offload if i have hit my target profit margin....

 

Actually, this daily buy back by management is starting to worry me slightly. The company isnt flushed with lots of cash to start off with... 

 

the power of buy back everyday.. haha

 

oh yeah...cheong all the way !

 

It just hitted 0.15!

 

started out strongly at 0.145 when market opened...now starting to slide a little to 0.140...will it plunge further today?

 

hmm.. 

Not really an analysis for it company but reason for recent buyback. Good! Make senses

grandmaster89      ( Date: 29-Dec-2009 23:26) Posted: Just my speculation - Firstly, they will sell their treasury shares at a profit as private placements to fund their debt repayments. Secondly, CNT has a few big players with very large stakes. When CNT buys back its shares, it increases their shareholdings (and voting power) without them even paying a cent. Thirdly, CNT management is attempting to make a BANG. They have a large share float. They can never afford to give 1 cent dividend. At most, they can give 0.1 - 0.2 cent dividend. If they made such an announcement, everybody will mock them. But if they used the same amount of capital, and bought back 55 million shares, everybody is rushing in and praising the Managerment. It is all a matter of perception. Do a HIT and RUN if you have time to watch it on a full time basis. Otherwise , give it a miss.

 

Just my speculation -

Firstly, they will sell their treasury shares at a profit as private placements to fund their debt repayments.

Secondly, CNT has a few big players with very large stakes. When CNT buys back its shares, it increases their shareholdings (and voting power) without them even paying a cent.

Thirdly, CNT management is attempting to make a BANG. They have a large share float. They can never afford to give 1 cent dividend. At most, they can give 0.1 - 0.2 cent dividend. If they made such an announcement, everybody will mock them. But if they used the same amount of capital, and bought back 55 million shares, everybody is rushing in and praising the Managerment. It is all a matter of perception.

Do a HIT and RUN if you have time to watch it on a full time basis. Otherwise , give it a miss.

 

Purchased 16 million shares at $0.14 today.

If the company is willing to spend over 35 million RMB on repurchasing its shares instead of paying down debts or saving it for working capital, I think it must be in good shape.

 Tmr must buy already. Cannot wait before I miss the boat. Tonight 5 hour fundamental research first. If their growth story checks out, tmr buy at 14 cents

 

i am holding on to a few lots to this counter @0.130...will acquire more come next year

 

velli fierce today..

something brewing?

 

a few simple reasons to start off

- cleared off most of its debt already and have extra cash on hand, thats why they were able to do the share buy-back

- holding land near the location of shanghai disneyland, able to auction off the land at a high price due to huge demand, boosting profits and revenue

 -management is serious about share buy-back, purchasing large amounts of shares at one go, 10000 lots at 0.14 in the first step of its share buy-back scheme