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Pacific Century
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Charlie2310
Senior |
26-Jun-2015 17:41
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Any updates? Like quiet very long. |
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justinetan
Member |
20-Jun-2015 11:38
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The PCRD Board of Directors are determine to keep the stock buyback at the price of $0.46. Hence, the risk of PCRD stock price collapsing during significant macro events like Grexit, Shanghai/Shenzhen stock price collapse or Fed rate lift off , is still very low. But the upside price increase will be limited during those macro events too. | ||
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chenzehou
Member |
18-Jun-2015 19:16
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Someone (maybe the company) bid more than 10m at 0.46 everyday, how can the price move? Any idea at it? |
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Charlie2310
Senior |
11-Jun-2015 21:11
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Free float left 11.63%. Gogogo! |
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Charlie2310
Senior |
11-Jun-2015 21:08
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chenzehou
Member |
09-Jun-2015 22:30
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Another 3m buyback today at 0.46. It is the last chance to load on. Cheer. |
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Charlie2310
Senior |
07-Jun-2015 13:11
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Ascapia Capital Pte Ltd 350 Orchard Road, #21-06 Singapore 238868 Singapore 26 May 2015 Board of Directors Pacific Century Regional Developments Limited 50 Raffles Place #35-01 Singapore Land Tower Singapore 048623 Open Letter to Board of Directors regarding recent share repurchases Dear Board, It has become apparent to us that Pacific Century Regional Developments (" PCRD" ) has been aggressively buying back its shares over the past few weeks, with an acquisition of 103,000 and 474,100 shares at $0.405 on 29 April 2015 and 15 May 2015 respectively, 3,137,500 shares at $0.415 to $0.425 on 20 May 2015, and 3,151,700 shares at $0.44 to $0.445 on 22 May 2015. While buying-back shares at less than intrinsic value is accretive to all shareholders, the company is reducing its free-float rapidly and will soon be at risk of breaching the 10% free-float requirement imposed by the Singapore Stock Exchange, and be required to delist the company. We believe that it is your intention to delist the company. If it is indeed your intention, we would like to request for the Board of Directors to consider to offer minority shareholders a truly fair price for their shareholdings. Precedent transactions in Singapore indicate that minority shareholders are often ignored during the delisting process. Acquirers in Singapore often appoint an & ldquo independent& rdquo financial advisor to justify the price that they want to pay and minorities often lack the resources to dispute the outcome, even though they have received an inequitable bargain. The valuation of PCRD can easily be computed by any competent analyst, as most of its assets are in liquid publicly-listed stocks such as PCCW Limited and HKT Trust. Our calculations have led us to believe that PCRD is worth at least $0.57 per share or a premium of 28% to the last on-market purchase you made on 22 May 2015. With only 14% of the freefloat outstanding, the company would only be paying a premium of $50 million for rewarding minorities shareholdings for investing alongside you for all these years. We believe that a decision by the company or its acquirers to repurchase the outstanding freefloat for a truly fair price would send a positive message to the markets that corporate governance and minority shareholders do matter to PCRD and its controlling shareholders. Sincerely, Wesley Widjaja |
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justinetan
Member |
02-Jun-2015 07:59
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I believe that only unfavourable macro events will derail the price appreciation to $0.50. | ||
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chinton86
Master |
01-Jun-2015 10:13
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Put money take money. |
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Charlie2310
Senior |
01-Jun-2015 03:51
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The PCRD train gonna test 50 cents this week. |
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embracez
Senior |
27-May-2015 17:56
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A minor dip today. but I believe from 0.47 to 0.46, it' s a sign to buy more. Vested since 0.395 |
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Menatwork
Member |
27-May-2015 15:01
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I mean Share buyback
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Menatwork
Member |
27-May-2015 15:00
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Another 3k bought this morning | ||
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kaerloche
Member |
26-May-2015 20:33
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Another 2m buyback @ 0.46 |
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woonie
Senior |
25-May-2015 19:12
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has been trending nicely since the china-hk bull run, keeping it for $1 maybe, no matter what they say, this is the china century for sure! |
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justinetan
Member |
23-May-2015 08:05
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The PCRD board of directors are relentless in their pursuit of buying back company stock. The simple rules of persistent demand and inelastic supply of PCRD stock in the market will kick in. With dwindling number of PCRD stock (inelastic supply) in the market together with consistent demand for the stock through company buybacks and other interested parties, this will drive stock price higher at an even faster pace. This situation parallels that of corner stock price movement effect without the legal implications of a cornered stock fiasco. Technical charting counts for nothing now. $0.50 stock price should be achievable within 5 to 10 trading days (my humble estimation) barring any significant marco environment events . My personal observation is that the PCRD's board of directors are performing company stock buyback at about 4 cents above the previous week closing price (excluding the blackout period) within the boundaries of the terms and conditions set under previous and current Share Buyback Mandate. | ||
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fruitfulness
Veteran |
22-May-2015 22:56
Yells: "May the Lord God establish the works of my hands!" |
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Good call by justinetan on 17 May! More share buyback today of 3151.7 lots at 44 and 44.5 cts per share will certainly push the share price further up next week. Hope to see 50 cts soon! |
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debronic
Member |
22-May-2015 16:38
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Share price has resumed climbing almost immediately after the 2 week share buyback blackout period ended on 13 May supported by strong buying from company. 45.5 cts now.
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kaerloche
Member |
20-May-2015 18:25
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HOSAY! PAC buyback at 0.425 They moved the market today with the 3.1m buyback |
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justinetan
Member |
17-May-2015 10:11
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In the next week, I believe the momentum will push PCRD past $0.45. | ||
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