| Latest Forum Topics / Sinarmas Land |
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Tenasek into sinarmas land...how true insider news
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n3wbie
Elite |
04-Oct-2015 23:09
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thought it would be common knowledge already that the company is not quite as straight forward as it is...anyway most companies in SG are rigged, lol |
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edwinjup
Supreme |
03-Oct-2015 08:03
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Feel somethings not right....
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Qanghoo
Supreme |
03-Oct-2015 06:18
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But sad to say the way it is happening it looks more like price fixing.  Yet, SGX seems to be keeping quiet.  Is this tacit agreement giving the signal to the mkt that such practices are acceptable?  Wld it result in mkt manipulation n price rigging becoming more entrenched in the spore equity mkt?   
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edwinjup
Supreme |
02-Oct-2015 21:55
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9.65% liao......max 10%.....left very little bullet......
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Qanghoo
Supreme |
02-Oct-2015 21:49
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Brother, u are right.  Circus in town again.  Purchase px was 57.5.  Total shares bought was 141,069,800.
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edwinjup
Supreme |
02-Oct-2015 15:51
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Big sellers at 57c.....dont tell me another.......lol | ||||
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matrixxx
Senior |
20-Sep-2015 00:12
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One of the nice facts to share, i have done my homework. Whenever Sinarmas Land ran into a high volume month, the next month' s price  was sure to be a price much lesser than the previous month by around 32 to 39%. These are the statistics: Monthly figures: OCT 2010 $0.69 152 million shares NOV 2010 $0.415 86.26 million shares -39%   MAY 2013 0.93 183 million shares JUNE 2013 0.61 108 million shares -32%   SEPT 2015 0.63 175 million shares (Sept 1st till 18th Sept only) OCT 2015 ?? -30%? Hmmm, does history repeats itself? Its anybody' s guess. |
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matrixxx
Senior |
19-Sep-2015 23:48
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Can SGX please do a query? |
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Qanghoo
Supreme |
19-Sep-2015 23:30
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On the surface, there are rules.  But in reality, a lot of hanky panky business goes on.  People can always prop up px at a certain ' desired' level easily.  Also, since the warrants are expiring soon, wldn' t one scenario be that some people are pumping up the px so as to pump up the warrants to dump before expriy date? 
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nngeeh
Veteran |
19-Sep-2015 23:19
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The company can only purchase shares by way of a market acquisition at a price which is not more than 5% above the average closing market price. I believe this is to ensure that the company does not use the buyback to manipulate the share price. Based on the announcement, the company is allowed to purchase up to 304K lots of shares, and they have purchased 149K lots on friday/  That' s half of what they are allowed to purchase. Since they can' t do share buyback if there is pending announcement (to ensure no manipulation), the the recent price ramp up was due to maintain the price at 59c to allow share buyback at that price ..... there is no reason for the price to stay up further .... high risk that it might go down. Furthermore, in 2 months time, 1,520,978 lots of new shares are going to hit the market, these investors will surely sell since they exercise it at 0.10c. Better don' t chase this counter further. If the ramp up is not due to any new pending announcement, the possibility of share retracting is very very high.  
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Qanghoo
Supreme |
19-Sep-2015 20:21
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I' ve been 100% convinced for a long time already that the manipulation on sgx mkt is rife.  It' s so clear in this case.  The controlling family in ths coy also controls Golden Agri.  I recall a similar happening a few mths ago when a buyback tooo place for GA shares at, if I recall correctly, 42.5c.  Same family also controls Top Global.  N if we all recall another member of the family was well known for trading assets here.  For retailers, do be careful.  Px cld go either way. 
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n3wbie
Elite |
19-Sep-2015 20:13
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yep, if I am not wrong companies are not allowed to do any share-buy back at least 2 weeks or one month before any corporate development announcement.
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halleluyah
Supreme |
19-Sep-2015 20:08
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Seems like a dirty job...
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edwinjup
Supreme |
19-Sep-2015 20:01
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Did u realise the share buyback is done in a second at 59c only....the seller q 149000 lots to sell and within a second...the company eat all...so chun...lol
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victortan
Elite |
19-Sep-2015 19:49
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Shr buy back is worth some 80m for 149,000 lots.., huge but still small compare what will be converted to shr later for those warrant. which is some close to 900m. i believe they got lot of cash and will continue to buy back..see Monday   |
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nngeeh
Veteran |
19-Sep-2015 16:10
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Am i right that if there is pending news.... company is not allowed to do share buyback?
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edwinjup
Supreme |
19-Sep-2015 12:59
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Feel like pre arrange share buy back....lol
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bishan22
Supreme |
19-Sep-2015 12:45
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Huge volume due to company buy back.... more upside??? |
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Jimmykohkk
Master |
16-Sep-2015 08:31
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if everyone copy that appleronaldo, everyday go  create thread to say " I heard from insider source , this and that going to ......" , then very jialat sia
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treetops
Elite |
16-Sep-2015 08:24
Yells: "Moments Today, Memories Tomorrow!" |
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SJ Admin will remove thread if found not appropriate! |
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