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YZJ Fin Hldg
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YZJFH - potentially rewarding
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pasttime
Supreme |
29-Mar-2024 20:37
Yells: "gold silver are real money. not others iou." |
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not easy to buy at 32. let s take 32.5 as possible buy if one wants to add. so 2.2 cents dividend will be 2.2/32.5 about 6.769% assume that agm approved and expect payment of dividend in end may then there are less then 2 month before maturity. ie collect dividend 2.2 cents. if annualised 6.769 for 2 months that is about 40% . sure after the dividend pay all expect a sell down. but these are special time when vt go invisible (no need to report trade until 5%) who knows what can happen. i am of opinion that shorts should be covering in such high annualised cost. to pay the dividend. just that they cannot find the sellers so die die got to stay. last time 17m+ this round looks like more. |
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pasttime
Supreme |
29-Mar-2024 20:25
Yells: "gold silver are real money. not others iou." |
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got cash then can do wonder. cash can pay dividend. cash can do share buy back. since share price per share is less then cash per share. cash buy back shares will results in more cash per share in additions to profit per share. have cash opportunities will q at door to ask to invest. then one can choose carefully. if one is good. to do many small invest and if 7/10 correct then those small invest may end up as out perform. not the 8-14% return type can be much more in a bull run. look at what happen to sage invest in goldman in time of crisis. so have cash is good. no need to invest all to get better return. one time good one once in blue moon is already very good. |
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eddyeddy
Master |
29-Mar-2024 20:20
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Many thanks Volvo ! | ||||
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volvo125
Master |
29-Mar-2024 20:15
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Yes, the prevailing yield for YFH as of today is 0.022/0.32 = 6.875%. No relation.
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eddyeddy
Master |
29-Mar-2024 19:49
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Is the yield per share refer to dividend yield ? What has this got to do with cash per share ? Thanks
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volvo125
Master |
29-Mar-2024 19:23
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Latest MAS cumulative shorts as at week ending 22 Mar was 19.805mil shares, down 1.116mil shares from the previous week ending 15 Mar at 20.921mil shares. Outstanding cumulative shorts were coming down gradually inspite of all the seemingly persistent selling we saw until 22 Mar (including the selling euphoria on the day 15 Mar).
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eddyeddy
Master |
29-Mar-2024 19:17
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Hi Volvo , thanks .I wants to buy some at 0.32 to average my cost next week .
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volvo125
Master |
29-Mar-2024 19:08
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No need to work out lah. You could take reference from the FY23 release PPT page 8, at $0.448 cash & yield per share ($1.61Bil). If only Cash alone and ignoring YP, then $0.391 cash per share ($1.406Bil). If you are even more conservative, you could carve out the total liabilities $262mil, to give a cash per share $0.318 or cash/yp $0.375 per share. If you insist working to the latest until today, you could factor in the sbb in your estimates. YFH bought a total of 84.463mil shares with $$27.034mil since 1 Jan till yesterday. Shares O/S changed from 3597mil as at 31 Dec 2023 to 3513mil as at 29 Mar 2024 (today). So latest net cash/yp per share = (1.61bil - 262mil - 27mil)/3513mil = $0.376 per share, and net cash (only) per share = (1.406bil - 262mil - 27mil)/3513mil = $0.318 per share.
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eddyeddy
Master |
29-Mar-2024 16:10
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Can any friend help to advise what is the latest net cash per share , thanks . I tried to work out but to no avail. | ||||
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SAVIORFOREVER
Supreme |
29-Mar-2024 11:21
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1145100 shares shortsell yesterday amid volume of 2894400 shares.
YZJFH SBB 412200 shares Trade with facts and DYODD |
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sgng123
Supreme |
29-Mar-2024 03:18
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Real sellers or short sellers doing the sell?. Don think any investors sell as stock listed almost 2 years. those who wanna get out alrdy did so.
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volvo125
Master |
28-Mar-2024 18:57
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YFH SBB a total of 26.92mil shares in Mar. SBB in Jan was 57.546mil shares before the blackout window in Feb. Total shares SBB since 1 Jan 2024 was 84.466mil.
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Winnertakeall
Elite |
28-Mar-2024 18:41
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SBB 412,200 shares @ SGD 0.32c | ||||
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sgng123
Supreme |
28-Mar-2024 01:03
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Q& A also mentioned asset relocation could complete early by 1h24, that meant asset in sg would increase from current 30% to 50%. free cash per stock could breach $ 0.50 from current 0.448 in 1h. too bad yzjfh business model in sg not established else hihher valuation for stock. Hope yzjfh release positive sg development before AGM for example SG banking license lol. |
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sgng123
Supreme |
28-Mar-2024 00:51
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Wed SBB amt to 50% of total trade that day. See if more short covering happen as we get nearer to AGM. volume super low as long SBB continue without stopping, should force big volume covering anytime. |
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Goodwill77
Supreme |
27-Mar-2024 19:47
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continue to pick at this level dyodd |
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Winnertakeall
Elite |
27-Mar-2024 19:33
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SBB 769,700 shares @ 0.32c | ||||
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MambaFinancial89
Veteran |
27-Mar-2024 10:18
Yells: "Be greedy when others are fearful. " |
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The Edge Extract: Buying back shares for cancellation (26 Mar 2024) Yangzijiang Financial Holdings has maintained a steady pace of buying back its own shares on the open market and has recently cancelled the shares it had bought back. The most recent was on March 26 when it acquired 599,200 shares at 32 cents each, and on March 25, when it bought 429,000 shares at 32 cents each. This brings the total number bought back under the current mandate to 159.4 million shares, equivalent to 4.338% of the total share base of 3.52 billion shares. Earlier in the month, Yangzijiang Financial bought back around 24.7 million shares in total. The quantum bought back each time ranges from 549,900 shares on March 8 to more than 15 million shares on March 15. Throughout, the company paid around 32 cents each for these shares. Yangzijiang Financials share buyback has been going on for some time. On March 7, the company cancelled 276.6 million treasury shares worth $105.27 million bought back earlier, bringing the number down from 410.25 million to 133.6 million and the percentage of treasury shares against total shares down from 11.6% to 3.78%. In its original reiteration as the finance and investment arm of Yangzijiang Shipbuilding, Yangzijiang Financials main business has been to give short-term loans to Chinese companies. With the separate listing, it is focusing more on investments managed out of China instead, using Singapore as the base. For example, it set up a maritime fund to capture various financing and leasing opportunities in shipbuilding, which is enjoying a boom now. The fund size has been increased from the planned US$500 million to US$600 million. Meanwhile, the companys proportion of non-performing loans for its China debt investment has stayed at above 40% in FY2023. On Feb 28, the company reported FY2023 ended December earnings of $201.8 million, up 25% from $162 million in FY2022. Total income in the same period increased by 26% to $348.4 million. The company plans to pay a dividend of 2.2 cents, up from 1.8 cents paid in FY2022. At this level, the payout ratio was 40%, as guided. As at Dec 31, 2023, the companys net asset value was $1.0662, up from $1.0495 as at Dec 31, 2022. |
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SAVIORFOREVER
Supreme |
26-Mar-2024 19:21
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Shortsellers going to be barbecued.
Trade with expectation and DYODD |
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Winnertakeall
Elite |
26-Mar-2024 18:53
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SBB 599,200 shares @ 0.32c | ||||
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