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YZJFH - potentially rewarding Post Reply Rate topic
HVRRVH Elite	06-Mar-2024 13:14        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup just to clarify. Personally I would not let go of any of my holding as I think the dividend is sustainable so in the long run, YZJF should come good. However, we never know how long we are going to wait so we should also entertian the thought of alternative investment in order not to disadvantaged by the opportunity cost. Again in my personal case, on hindsight, I should have put some of my YZJF money into OLAM and Boustead, which I have done so but again on hindsight, not enough.  BinderyT      ( Date: 06-Mar-2024 13:08) Posted: Because there are plenty of far better alternatives.   In meantime, people are just swing trading between 3.10 and 3.30. HVRRVH      ( Date: 06-Mar-2024 12:36) Posted: With 2.2 cents dividend yet the price keep sliding so in all objectiveness, this is no good. It meant sellers don' t even care about the dividend and just wanted to let go of their shares. But, and this is a big but which is we never know if this is BBs playing game of right hand to left hand. Having said that, even if indeed BBs are plahing game, generally it meant there is no real buy interest if not buyers will scoop it up at the low price. But what we see now is, it is so easy to demolist the buy queue. In a nutshell, there is no clear catalyst for YZJF now and hence, there is no hurry to buy more. For long holders who think they have better alternative, perhpas it is worth considering selling to minimise opportunity cost.
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BinderyT Elite	06-Mar-2024 13:08        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Because there are plenty of far better alternatives.   In meantime, people are just swing trading between 3.10 and 3.30. HVRRVH      ( Date: 06-Mar-2024 12:36) Posted: With 2.2 cents dividend yet the price keep sliding so in all objectiveness, this is no good. It meant sellers don' t even care about the dividend and just wanted to let go of their shares. But, and this is a big but which is we never know if this is BBs playing game of right hand to left hand. Having said that, even if indeed BBs are plahing game, generally it meant there is no real buy interest if not buyers will scoop it up at the low price. But what we see now is, it is so easy to demolist the buy queue. In a nutshell, there is no clear catalyst for YZJF now and hence, there is no hurry to buy more. For long holders who think they have better alternative, perhpas it is worth considering selling to minimise opportunity cost.
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stonkmaster Veteran	06-Mar-2024 12:45        stonkmaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Too many retail in this stock. BB no interest. Need more retail to give up before BB can come in. HVRRVH      ( Date: 06-Mar-2024 12:36) Posted: With 2.2 cents dividend yet the price keep sliding so in all objectiveness, this is no good. It meant sellers don' t even care about the dividend and just wanted to let go of their shares. But, and this is a big but which is we never know if this is BBs playing game of right hand to left hand. Having said that, even if indeed BBs are plahing game, generally it meant there is no real buy interest if not buyers will scoop it up at the low price. But what we see now is, it is so easy to demolist the buy queue. In a nutshell, there is no clear catalyst for YZJF now and hence, there is no hurry to buy more. For long holders who think they have better alternative, perhpas it is worth considering selling to minimise opportunity cost.
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HVRRVH Elite	06-Mar-2024 12:36        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	With 2.2 cents dividend yet the price keep sliding so in all objectiveness, this is no good. It meant sellers don' t even care about the dividend and just wanted to let go of their shares. But, and this is a big but which is we never know if this is BBs playing game of right hand to left hand. Having said that, even if indeed BBs are plahing game, generally it meant there is no real buy interest if not buyers will scoop it up at the low price. But what we see now is, it is so easy to demolist the buy queue. In a nutshell, there is no clear catalyst for YZJF now and hence, there is no hurry to buy more. For long holders who think they have better alternative, perhpas it is worth considering selling to minimise opportunity cost.
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BinderyT Elite	06-Mar-2024 12:13        BinderyT About Contact  Quote this Post!
x 0   x 1  Alert Admin	hmm ... all the sellers giving up and selling at 32
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eddyeddy Master	06-Mar-2024 11:25        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good time to do SBB but not doing it .
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BinderyT Elite	06-Mar-2024 10:44        BinderyT About Contact  Quote this Post!
x 0   x 1  Alert Admin	lol ... you have vivid imagination.   Maybe you should just write a book :) sgng123      ( Date: 05-Mar-2024 23:17) Posted: All noticed that Japan, Taiwan stock market doing better than rest of Asia. American rewarding allies for sticking with US on decoupling. Those stay neutral or close to china all get shorted by US hedge fund... SG know and defend SGD. Problem when US weaponise US dollar and financial power.... We gonna endure for long long time
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SAVIORFOREVER Supreme	06-Mar-2024 09:58        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 5  Alert Admin	No relation to YZJFH. Trade with awareness and DYODD sgng123      ( Date: 05-Mar-2024 23:17) Posted: All noticed that Japan, Taiwan stock market doing better than rest of Asia. American rewarding allies for sticking with US on decoupling. Those stay neutral or close to china all get shorted by US hedge fund... SG know and defend SGD. Problem when US weaponise US dollar and financial power.... We gonna endure for long long time
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sgng123 Supreme	05-Mar-2024 23:17        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	All noticed that Japan, Taiwan stock market doing better than rest of Asia. American rewarding allies for sticking with US on decoupling. Those stay neutral or close to china all get shorted by US hedge fund... SG know and defend SGD. Problem when US weaponise US dollar and financial power.... We gonna endure for long long time
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sgng123 Supreme	05-Mar-2024 23:12        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Capital redistribution of $0.20 then follow by GO. basically 0.20 come from unlock DI redemption and free cash  back to 2022 level. GO can be set at 0.35 6 mths average. Anyway this is pure dream as I do not see american lifting restriction on china expanding overseas anytime. YZJFH got money but prohibited from investing on fear of US retribution.
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BinderyT Elite	05-Mar-2024 22:26        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Should not get too excited about a GO.   As far as I' m aware, the minimum price is highest open price within last 6 months.   That' s 37.5c.   If Ren choses this path, he and his buddies have enough shares to push this through. Dannkh      ( Date: 05-Mar-2024 20:29) Posted: Since when was the revision to 25%? (For HK,it is 25%) I checked that it is still 30% for Mandatory GO. sgng123      ( Date: 05-Mar-2024 16:07) Posted: Ren stake 23.7%, if he buy it would be GO. SGX take over threhold revised from 30% to 25%
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Segarvale Senior	05-Mar-2024 21:18        Segarvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	You misunderstood what i have wrote..just like how you misinterpret on the 10% limit share buyback. 😂 sgng123      ( Date: 05-Mar-2024 19:16) Posted: U got it wrong lol. NTA = total net asset / outstanding stocks in circulation. It is not assign $1 to each share. Share got no meaning as they never trade at asset value. What matter is net asset value and free cash. Segarvale      ( Date: 05-Mar-2024 17:21) Posted: I rephrase my deleted msg. Put it this way, the coy was set up at 1$ per share, supported by fair value of asset pumped in. So 4b$ with 4b share capital. Then somebody want to back out and sell their shares, nobody wanna buy at par value, so lan lan sell to other shareholders and coy at 32c. Now coy bought 400m shares at say 150m (held as treasury, and credit cash). When cancelled, 400m will be taken out from share capital, credit treasury and balance to retained earnings. The rest i leave to your imagination...😋
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Dannkh Master	05-Mar-2024 20:29        Dannkh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Since when was the revision to 25%? (For HK,it is 25%) I checked that it is still 30% for Mandatory GO. sgng123      ( Date: 05-Mar-2024 16:07) Posted: Ren stake 23.7%, if he buy it would be GO. SGX take over threhold revised from 30% to 25%. MambaFinancial89      ( Date: 05-Mar-2024 15:58) Posted: The Edge, 10 Nov 20222 Headline:  Yangzijiang Financial' s Ren readies share purchases upon buybacks hitting mandate cap When are you going to start buying, Ren? The shares are officially trading below cash value, we have hit the cap and financial results are out (blackout period is over).  Please instill some confidence before all is lost...
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sgng123 Supreme	05-Mar-2024 19:16        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	U got it wrong lol. NTA = total net asset / outstanding stocks in circulation. It is not assign $1 to each share. Share got no meaning as they never trade at asset value. What matter is net asset value and free cash. Segarvale      ( Date: 05-Mar-2024 17:21) Posted: I rephrase my deleted msg. Put it this way, the coy was set up at 1$ per share, supported by fair value of asset pumped in. So 4b$ with 4b share capital. Then somebody want to back out and sell their shares, nobody wanna buy at par value, so lan lan sell to other shareholders and coy at 32c. Now coy bought 400m shares at say 150m (held as treasury, and credit cash). When cancelled, 400m will be taken out from share capital, credit treasury and balance to retained earnings. The rest i leave to your imagination...😋 volvo125      ( Date: 05-Mar-2024 16:55) Posted: On the share cancelling part, if the treasury shares were acquired at or near the 1.06 nav per share, then yes, no meaning as what you have said or at least no immediate benefit. However, these treasury shares were acquired at a very steep discount of 0.365. The huge gap between 1.06 and 0.365 means cancellation will see a very much less than expected reduction in equity face value, such that the remaining shares outstanding will gain much more than the expected value in value per share
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sgng123 Supreme	05-Mar-2024 18:59        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cancel stock = $141m burn up and accounted for in full year report. Removing 10% permanently would boost NTA/EPS artificially. It also reduce amt of shares in market for borrowing and raise borrowing cost. That how Dow Jone can hit 40000, all artificially prop up by SBB and cancel.
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Segarvale Senior	05-Mar-2024 17:21        Segarvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	I rephrase my deleted msg. Put it this way, the coy was set up at 1$ per share, supported by fair value of asset pumped in. So 4b$ with 4b share capital. Then somebody want to back out and sell their shares, nobody wanna buy at par value, so lan lan sell to other shareholders and coy at 32c. Now coy bought 400m shares at say 150m (held as treasury, and credit cash). When cancelled, 400m will be taken out from share capital, credit treasury and balance to retained earnings. The rest i leave to your imagination...😋 volvo125      ( Date: 05-Mar-2024 16:55) Posted: On the share cancelling part, if the treasury shares were acquired at or near the 1.06 nav per share, then yes, no meaning as what you have said or at least no immediate benefit. However, these treasury shares were acquired at a very steep discount of 0.365. The huge gap between 1.06 and 0.365 means cancellation will see a very much less than expected reduction in equity face value, such that the remaining shares outstanding will gain much more than the expected value in value per share. pasttime      ( Date: 05-Mar-2024 16:06) Posted: cancelling of book entry etc is no meaning to shareholders. those are double entry that knock out each other even if they stay on the book. looks good only no real value.  i did not said ren is interested to  bump up the share price. sure think he is longer term growing the business value. i am just talking about how the shorts are harvesting cash from our markets and ways to fight them. doing a price protection is just sending more money into their hands. need a plan to fight them. my suspect is these are the western base fund manager who also has listed fund where they can get cheap share loan. all my imagination only, don' t believe what i said
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pasttime Supreme	05-Mar-2024 17:13        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 1   x 0  Alert Admin	how much book worth is no use unless it is sell everything and distribute cash. 0.32 is surely not the fair price. it is being artificially suppress by shorts to harvest cash and cover at these price. it happens to many counters. see the long list on mas report. you see dbs, uob, ocbc, singtel. all the same.  sgx take a high vol means good for them. i think in the long term when price are artificially suppress and retail cannot make money, money goes else where. what we see is lower and lower vol in sgx. hope they wake up and do something to stop the unfair harvesting of cash.  at least make those who loan out huge number to declare it. so that information is fair and all can see who is playing the supress game.  see the case of one asian fighting against the us house. they lossing as the asian keep buying with borrow money. he is now in jail becuase the way he operate is not correct. if he is open and fight them believe many will go with him.
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volvo125 Master	05-Mar-2024 17:12        volvo125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Noted well on your thoughts. This 410m*0.365 = ~$149mil had already been expensed off and YFH still has ~$1.4bil in cash & cash equivalent, or ~$1.6bil cash plus yield products. YP is almost like near cash. And year on year, 60% of the npat will be ploughed back to the pool to grow the AUM. It seems to me that YFH is not short of cash but flushed with a lot of cash not knowing where to promptly and productively deploy to earn a return that can at least keep pace with the DI ~12% pa return .... , and have the scale and size of DI too ....  BinderyT      ( Date: 05-Mar-2024 16:53) Posted: Yeap.   But treasury shares can be sold and converted back to cash.   Cash can then be used for FH' s core business of financing.   Cash is FH' s lifeblood, it has no other resources.   If it keeps burning up 10% of its resources, how will it grow?   volvo125      ( Date: 05-Mar-2024 16:33) Posted: Correct me if I' m wrong. The ~ 410m treasury shares were acquired at an average price of ~$0.365 per share including costs. The nav per share is ~$1.06. Treasury share is a contra equity and share cancellation will have impact on equity or retained earning accordingly. However, these shares were acquired at a very steep discount at average 0.365, and not 1.06. Hence, mathematically, the reduction in equity will be very much less at only ~30% of the expected value than if these shares were to be acquired at 1.06. This much less than expected reduction in the equity face value due to share cancellation on shares acquired at less than the prevailing nav is actually a " gain" although it is only a balance record with no P& L effect. Overall, this will translate into a much higher shareholder value per share. Right ? As for share price performance, i would think it is important for YFH as it is an Asset Mgt coy. If YFH share price continues to remain at distressed level protractedly, how would YFH going to convince its clients, fund mgt partners ... etc to invest or co-invest together ?
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BinderyT Elite	05-Mar-2024 17:02        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those who are championing payout of capital, cancellation of treasury, continuation of SBB ... all you want is a temporary uptick in share price so that you can exit.   If you want FH to really grow and investing for the long term, you wouldn' t be asking for these.
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volvo125 Master	05-Mar-2024 16:55        volvo125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	On the share cancelling part, if the treasury shares were acquired at or near the 1.06 nav per share, then yes, no meaning as what you have said or at least no immediate benefit. However, these treasury shares were acquired at a very steep discount of 0.365. The huge gap between 1.06 and 0.365 means cancellation will see a very much less than expected reduction in equity face value, such that the remaining shares outstanding will gain much more than the expected value in value per share. pasttime      ( Date: 05-Mar-2024 16:06) Posted: cancelling of book entry etc is no meaning to shareholders. those are double entry that knock out each other even if they stay on the book. looks good only no real value.  i did not said ren is interested to  bump up the share price. sure think he is longer term growing the business value. i am just talking about how the shorts are harvesting cash from our markets and ways to fight them. doing a price protection is just sending more money into their hands. need a plan to fight them. my suspect is these are the western base fund manager who also has listed fund where they can get cheap share loan. all my imagination only, don' t believe what i said. BinderyT      ( Date: 05-Mar-2024 15:51) Posted: First, cancelling treasury means reduction of either equity or retained earnings.   Second, what makes you think Ren is keen on burning money to prop up share price?   Whether share price is 30 cents or $1 has zero impact on FH' s operations
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