Latest Forum Topics /
Pacific Century
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Almost forget counter is brewing
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jwong016
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10-Dec-2014 23:05
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haha i' m just waiting for them to complete their share buy backs etc.  have you seen the time and sales though? millions were/are being thrown at 26c... what gives?
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justinetan
Member |
10-Dec-2014 22:23
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The $0.40 share price is based on current market valuation of its direct 21.6% stake in PCCW (ticker 0008.hk) and 1.3% stake in HKT (ticker 6823.hk).
This does not include about $0.022 to $0.028 per share annual EPS and $55M to $65M of dividends anticipated to recent annually. |
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jwong016
Senior |
10-Dec-2014 22:11
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How did u derive 40c?
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justinetan
Member |
10-Dec-2014 22:04
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It is indeed an undervalued stock. The stock price should be about $0.40 based purely on RNAV. The current NAV is already about $0.297 per share after factoring the reduced number of shares. | ||||
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Qanghoo
Supreme |
10-Dec-2014 21:47
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No, don' t think Singtel will try again.  They wld have learned by now not to attempt eating up any politically connected or ' nationalist' stock.  Time Engineering, HK Tel (n for that matter, SGX' s attempt to swallow up ASX) wld have been valuable lessons for them.  It' s politically untenable.   
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ruready
Supreme |
10-Dec-2014 21:32
Yells: "Follow the micro penny , May be this is the last train" |
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I think Richard li got big action soon! Now must watch closely she fly to where! May be another snake eat elephant story again! Singtel? Because I saw Singtel very active trading now aday?
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fruitfulness
Veteran |
10-Dec-2014 21:24
Yells: "May the Lord God establish the works of my hands!" |
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It makes me wonder what Richard Li will do following completion of share buyback mandate. He and associates (J. Fung, L. Huang) will have already owned about 84% of PCRD.  Will they make a rapid purchase of 6% of shares and force a delisting?  Afterall, PCRD, 90% of which consists of PCCW(HK), is very much undervalued in SGX compared to PCCW in HK. |
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kelvinleow79
Senior |
10-Dec-2014 21:22
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Can buy some if reach 0.275.. |
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fruitfulness
Veteran |
10-Dec-2014 21:13
Yells: "May the Lord God establish the works of my hands!" |
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With today' s share buyback and cancellation of about 47 million shares, PCRD could only purchase another 25.66 million shares until the next share buyback mandate.  Could readily do it within the next two days!   |
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jwong016
Senior |
10-Dec-2014 17:38
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47 MILLION shares bought back and cancelled today, volume of buy back getting higher and higher! WOW!
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jwong016
Senior |
10-Dec-2014 17:23
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crazy volume every day. no harm holding a bit i guess... maybe the RNAV is very much higher than what is reported - plus low analyst coverage... will reach a point whereby free float less than 10% must mandatory delist... haha... qn to anyone who knows: the less than 10% free float rule - is not affected by treasury shares? cause interested parties + treasury shares already > 90% leh.
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HVRRVH
Elite |
10-Dec-2014 17:20
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Don't know what's going on but could be potentially very rewarding. | ||||
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jwong016
Senior |
10-Dec-2014 17:17
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yep, there was share cancellation. but every day tens of millions of shares and not much free float, where are they coming from lol. can' t seem to understand. vested and holding till privatization i guess, at the rate this buyback is going. gonna wait for today' s buyback report. haha.
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justinetan
Member |
10-Dec-2014 17:14
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I have looked into the last 3 months of share buyback. It is definitely not left hand to right hand transfer. The PCRD board actually announce cancellation of the PCRD buyback stock with actual reduction in total number of shares issued. | ||||
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jwong016
Senior |
10-Dec-2014 09:29
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precisely, there is a lot of selling down at 26c, qn is where is the sales coming from? maybe SSH right... left hand out, right hand in.. so no need declare change in shareholding? 
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justinetan
Member |
10-Dec-2014 09:27
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This morning PCRD's share volume is still ramping up even with the limited free float. | ||||
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jwong016
Senior |
10-Dec-2014 00:37
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major shareholder 81.46%~, richard li 0.98%, so insider already about 82.44%. now company buyback 7.641%. so technically, yes there is less than 10% free float...  and they have been buying back shares every single day for the past few months lol. is it really that undervalued? and who keeps throwing millions of shares to them?? or just left hand out, right hand in?
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Qanghoo
Supreme |
09-Dec-2014 14:39
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I thot minimum free float to stay listed is 10%.  So, if < 10%, wldn' t they have to leave?
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jwong016
Senior |
09-Dec-2014 01:47
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the free float is barely 10%... if u look at top 5 shareholders, they control 88% already. now share buyback is 7% of shares.. only 5% left. possible privatization? today was an unusually bigger buy back! |
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justinetan
Member |
08-Dec-2014 22:48
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From the SGX announcement today, PCRD has conducted a share buyback of 55 million shares today at the share price of $0.26. This means that in total PCRD has cumulatively purchased 7.1% of total shares from the open market.   This means that the share float for PCRD is lessened significantly.   Hopefully this translate into a share price increase in the near future.   |
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