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High volume but it?s not due to SBB with price inching up so generally it?s good sign especially with price previously trying to retest $0.405 - $0.40. Firm base at $0.405 - $0.40 now and it should have no more SBB till results release. We can be sure that any attempts to push price down after result release will be met with fierce SBB especially if the results is satisfactory by normal metrics.
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Perhaps but it is ok. Slowly accumulate as per plan. Founder has been buying even as high as 90 cents as recently as couple of months back. Just a small position to take a stake since this stock is dividend paying so as long as it doesn' t go kaput I think a 10-20% drop is tolerable but of couse hope it doesn' t come to that! If big institution wants to shift out for whatever reason, they simply become determined seller and there is nothing we could do but accumulate.
shk363 ( Date: 14-Jan-2025 23:05) Posted:
its slowly but surely going below 80
HVRRVH ( Date: 13-Jan-2025 18:24) Posted:
| Initiated a position today @ $0.83, post here for self reference. Next level to buy for me is below 80 cents, if it come to that. |
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Initiated a position today @ $0.83, post here for self reference. Next level to buy for me is below 80 cents, if it come to that.
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QUESTION 4: A shareholder sought clarification regarding the rationale behind re-entering the Maritime Business despite being spun off from YSL to operate as a fund management entity. Given the Group' s expertise in the maritime sector, the shareholder enquired about the potential yield return in the next 3 years and the reason that the Group did not re-enter the maritime business earlier. Mr Ren responded that following the spin-off from YSL, the Group initially focused on its investment and fund management business. The Group quickly realised that it lacked the same level of deep expertise and experience as compared with other established and leading global financial services firms like JPMorgan, Goldman Sachs Group, and Temasek. Notwithstanding the foregoing, the Group leveraged the Management' s extensive experience in the maritime industry to take advantage opportunities in the maritime business for shipbuilding, which resulted in the decision to establish the Maritime fund. Mr Ren expressed confidence in the Maritime fund' s ability to generate profits for Shareholders and contribute towards the Group' s share price over the next three years. Mr Ren further emphasised the importance of share buybacks as a means of enhancing Shareholders&rsquo returns. The Group will continue to repurchase its own shares at the opportune moments, after taking into account the prevailing market conditions and other relevant factors. Mr Ren further responded that the Group is striving to achieve strong performance, aiming for sustainable long-term returns with the current objective of distributing at least 40% of annual profits as dividends to Shareholders.
Excerpt above from the minutes of EGM meeting. We can derive the following:
1) It explained why the share price was shot down from 1st day of spin off till low of 28.5 cents, chiefly due to the fact that institutional investors simply don' t give it a chance to become a Temasek, a Goldman Sachs, or a JPMorgan.
2) Owing to 1) the group decided to refocus and have identified Maritime businesses as its strength, thus the venturing into the Maritime businesses - this explained why the share price somehow stabilised and in fact, shot up in late Sep 24 after the EGM and mandated.
3) Reiteration of time is needed for new businesses to growth, timeline given as 3 years and also reiterate on 40% dividend payout policy.
Long holders just be patience.
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Last SBB, if any, would be done before the end of this month in view of the 1 month blocking period before full year results. Of course, that is based on past history that FY results usually released in end Feb. Yesterday it was a surprise that big buy up at $0.41 wasn' t a SBB, a cool 12 million shares transacted at $0.41 but not SBB. It is likely that we will see trading range of $0.405-$0.415 from now till FY results with $0.405 or even $0.40 get tested but $0.41 should prove to be a good support.
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volvo125 ( Date: 02-Jan-2025 22:31) Posted:
Someone who has been monitoring YFH since the onset has just shared a very interesting technical chart (weekly scaled) on YFH at InvestingNote ... you may want to take a look.
HVRRVH ( Date: 02-Jan-2025 22:05) Posted:
| Haha you are welcome. As long term holders at some points we need to buy up so if we can save 1 bid every time why not? I still have GTC order at 0.395 but ready to add if it comes to 0.40 but I think for the short term the price will get supported at 0.405 - 0.41, in fact I think consolidation is taking place right now before we see 0.445 get challenge again. Cheers. |
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Haha you are welcome. As long term holders at some points we need to buy up so if we can save 1 bid every time why not? I still have GTC order at 0.395 but ready to add if it comes to 0.40 but I think for the short term the price will get supported at 0.405 - 0.41, in fact I think consolidation is taking place right now before we see 0.445 get challenge again. Cheers.
volvo125 ( Date: 02-Jan-2025 18:12) Posted:
| @HVRRVH , thank you very much for your sharing on an earlier post on how you got your buying price at 1 bid lower during the market close matching phase. While the chance is probably 50/50, I placed a bid at the higher 0.415 just sec before 17.04pm and managed to get all my 45k fill at 0.41. Very fun to execute and save enough from the spread difference to buy breakfast everyday for 2 months+ of Kaya/butter toast kopi egg breakfast set at Koufu ... ha ha, I learn something new. Thank you. |
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As far as SBB is concerned, we knew that YZJF tried to defend the price shortly after spin off and the first ever SBB was on 9 June 2022 at 51 cents for 1m shares. This SBB defence did not work as the price drop all the way to 28.5 cents on 23 Oct 2023 despite relentless SBB but YZJF did not give up, they embarked on business transformation and at the same time, payout decent dividends. The SBB stopped on 16 Apr 2024 at the buy back price of 32 cents. Somehow, without the SBB, the price did not slide back toward 30 cents and instead, managed to hover around 32 to 35 cents before shot up to 40 cents in late Sep 2024. Who would thought SBB would restart at 40 cents level since there was no SBB between Apr and Sep 24 when the prices were way lower? But YZJF did start to buy back share again on 13 Nov 2024 at average price of 39.78 cents and it has been mopping up shares at about 40 cents level via SBB since then till 28 Nov 2024. Now the SBB has restarted again for just 2 days so it is unlikely to stop any time soon till perhaps 1 month before the expected FY results in late Feb 2025. This SBB manoeuvre is another way of sending singals to the investing community that management is confident. YZJF has done the SBB when prices were on the way down, let' s hope that they now do the reversal and conduct more aggressive SBB when prices are on the way up. Let' s hope to see SBB announcements at 51 cents and above in due course in year 2025.
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Cut half. Despite Fed rate cuts, US bond yield has gone up instead and this make Hyphens' dividend yield very unattractive. It is quite likely that rate will stay high and overall investment environment should be quite volatile in 2025 and it would be ideal to have hold some cash. SG Tbill is still hovering around 3% which is higher than Hyphen' s dividend yield. The company' s growth path is not fast and wide as I would have expected but I would still like to keep some investment in them. Thankful for the 5-year special dividends that paid out on 31/8/23 that made my yield on the counter to hit almost 15% in that year!
HVRRVH ( Date: 21-May-2024 12:24) Posted:
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" 7% of the treasury shares" ... should be 7% of total shares cancelled in the form of cancelling the treasury shares.
HVRRVH ( Date: 29-Dec-2024 12:54) Posted:
| It is as if YZJF has decided to ' update' shareholders with concrete action via SBB instead of a 3Q update. The message is clear, 40 cents is undervalue. In fact, they must have think that it is worthwhile to cancel 7% of the treasury shares as they have bought it for so cheap so way below NAV. I recall soon after the spin off, they have to manage the investing community due to the constant dropping of share price. The frequent releases of FAQ, business update, clarification etc but it didn' t stop some to say the share price is heading to 20 cents and 1 particular guy who said 17 cents. The price was languishing around 30 cents at that time. Well, it turn out that 20 is the correct number but instead of going to 20 cents, it go up by 20 percents. With old Ren now back in charge, the company has a clear vision and strategeies. No secret, old Ren is going to do what he know best thus the focus on Maritime related businesses now. One thing is clear from the start is that they wanted to scale down on debt investment, it is just that with the big pile of cash, they really have taken their time to decide what to do with it and now, Maritime businesses seem to be the area that YZJF will focus on. They still have large cash pile even with some fund going into Maritime businesses so the opportunities are still there to put the money into good use. This will take time and rightly so as it seems reckless to put thousand of millions into something too quickly without study and comprehend all the risks. The repeated message to long holder is just be patience lah while enjoying the dividends. |
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It is as if YZJF has decided to ' update' shareholders with concrete action via SBB instead of a 3Q update. The message is clear, 40 cents is undervalue. In fact, they must have think that it is worthwhile to cancel 7% of the treasury shares as they have bought it for so cheap so way below NAV. I recall soon after the spin off, they have to manage the investing community due to the constant dropping of share price. The frequent releases of FAQ, business update, clarification etc but it didn' t stop some to say the share price is heading to 20 cents and 1 particular guy who said 17 cents. The price was languishing around 30 cents at that time. Well, it turn out that 20 is the correct number but instead of going to 20 cents, it go up by 20 percents. With old Ren now back in charge, the company has a clear vision and strategeies. No secret, old Ren is going to do what he know best thus the focus on Maritime related businesses now. One thing is clear from the start is that they wanted to scale down on debt investment, it is just that with the big pile of cash, they really have taken their time to decide what to do with it and now, Maritime businesses seem to be the area that YZJF will focus on. They still have large cash pile even with some fund going into Maritime businesses so the opportunities are still there to put the money into good use. This will take time and rightly so as it seems reckless to put thousand of millions into something too quickly without study and comprehend all the risks. The repeated message to long holder is just be patience lah while enjoying the dividends.
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This is odd. According to the article, the deal was closed on 23 Dec 2024. However, Olam' s last official statement on the matter throught SGXNET was on 1 Nov 2024, in which it stated that they have received NBIO from SALIC but has not reach any concrete decison on the matter, they also stated that they' ve not rule out IPO too and will announce any development accordingly. So far, they have not announce anything so not sure how reliable is the article. Nonetheless, the share price did see a jump on 20 Dec 2024 and it is quite likely that something is afoot. In any case, Olam is pursuing ways to unlock value for shareholders, either through IPO of subsidiaries/demerger/sale so it seems that $1.2 is the bare minimum once Olam is finally able to unlock the value for shareholders.
eddyeddy ( Date: 28-Dec-2024 13:10) Posted:
| https://businessday.ng/companies/article/olam-group-sells-1-24b-stake-in-agri-unit-to-saudi-investment-firm/ |
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Hmm... management chose not to buy up 40.5 and 40.5 was snapped up by some party(ies). I would be happy if I am shortist as I was given chance to cover.
ss2017. ( Date: 27-Dec-2024 18:39) Posted:
| Today SBB is rather low. 680600@40c |
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Fair point. In fact the SBB queue at 40 cents was ' withdraw' after 28.11.24 but as we all know, now it restarted yesterday. Only party(ies) concerned knew what they were up to. Some party(ies) wanted to establish position at 40 and 39.5 cents but SBB queue got in the way? Anyone' s guess is as good as mine.
tch77_pt75 ( Date: 27-Dec-2024 10:19) Posted:
| Hopefully it is not fake buy queue. Just be careful. |
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Last SBB being 28/11/24 so if there is any 3Q update at all, it has to be between 28th and 31st Dec 2024 to be meaningful as full year results should be in by late Feb 25. Somehow, YZJF' s 2H eps have been way lower than 1H' s eps judging from the figures from 2022 onward [2022 1H' s $0.0354 vs 2H' s $0.0068 2023 1H' s $0.0439 vs 2H' s $0.0108]. For 2024, what we know so far is that for 1H24, eps was $0.0304 and will the past trend of low 2H eps continue? To beat or match FY23' s eps of $0.053, YZJF would need to achieve eps of at least $.0226 at least for 2H24 and personally, based on past year' s price movement, I think it can be achieved. The share price is hovering around 40 cents now compare to around 32 to 35 cents immediately post FY23 results. In fact, it didn' t move much until late September where it shot up from around 34.5 to current level. To put it in another way, the company' s SBB price was as low as 32 cents as recent as April 24 versus last SBB price of 40 cents on 28/11/24. With the transformation of businesses gaining foothold, let' s be cautiously optimistic that lower trend of 2H eps can be reversed and let' s wait and see.
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I track my order at ' Time & Sales' , look like I wasn' t alone in putting in bid above 39.5. I wasn' t even in the first half of the successful matches!
ss2017. ( Date: 20-Dec-2024 17:17) Posted:
I was at the causeway , signals very disturbing, dare not to buy even the match qty is big, high chance of getting it when you queue buy a bit higher. Congratulations
HVRRVH ( Date: 20-Dec-2024 17:14) Posted:
| Hoohoo yes! CP is Goldman Sach. I put in at 40.5 cents, kiasu a bit and finger standby on ' withdraw' button but as it turn out, don' t have to withdraw and got it at 39.5 cents, which is my highest targeted price for short term accumulation. Now can queue at 38 and below and just relax. |
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Today' s price movement look promising. If next week go above $1.2 and try $1.25, then even better thing may be in store. Let' s see.
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Hoohoo yes! CP is Goldman Sach. I put in at 40.5 cents, kiasu a bit and finger standby on ' withdraw' button but as it turn out, don' t have to withdraw and got it at 39.5 cents, which is my highest targeted price for short term accumulation. Now can queue at 38 and below and just relax.
ss2017. ( Date: 20-Dec-2024 17:09) Posted:
Did you manage to get 39.5c at mkt closing matched price. A very rare opportunity.
HVRRVH ( Date: 19-Dec-2024 09:04) Posted:
| Queued 2 weeks at 39.5 cents still haven' t get. With US markets reacted negatively to Fed' s 2025 plan of only 2 rate cuts, let' s see if SGX market follow suit and let' s see how serious sellers are! |
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Cheers! In the green! That' s matter as it gives us time to hold as long as we like. With decent dividend it is more potentially rewarding to hold for long as while we are paid via dividend, we are also waiting for caltalyst to propel the share price upward. The catalyst can come from various sources, i) dividend yield compression, ii) better business growth/prospects/results, iii) when markets are more risk on ,iv) revaluation with higher PE/trading closer to NAV etc and the examples are not meant to be exhaustive. Do not be sway by traders or self proclaim traders/gurus who advocate in and out of market for quick buck if that is not our cup of tea. For this counter, many will be in 100% profit without even consider dividend if it hit $0.70. Do we have conviction that it will hit $0.70 one day? No body can tell for sure but if we were to believe many naysayers here, it should be trading below 25 cents or 20 cents even by now. Instead, current mode seems to be major consolidation so we have to be patience. Time on our side with decent dividend compensating us for waiting.
ss2017. ( Date: 19-Dec-2024 21:29) Posted:
Just for discussion. My average cost was 35c, I will hold it for years.
If you really wanted to get out and perhaps a good china counter is waiting for you, with your 30c entry price, you have nothing to lose.. Again if you have patience, 50c is a good price. (It might stuck at 50c for a long while). Please don't praise me for your own decision and don't blame me for missing the opportunity for your reading pleasure only. Hahaha.
ss2017. ( Date: 19-Dec-2024 21:07) Posted:
| Sorry,Boss I don't have the answer.
Sell high buy low is a dream. Sometime after selling we catch it, most of the time we miss the boat |
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Queued 2 weeks at 39.5 cents still haven' t get. With US markets reacted negatively to Fed' s 2025 plan of only 2 rate cuts, let' s see if SGX market follow suit and let' s see how serious sellers are!
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