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YZJ Fin Hldg
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YZJFH - potentially rewarding
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sgng123
Supreme |
24-Oct-2023 10:21
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This is the real intention of yzj spinoff lih. To release yzjsh from undervalue and make Ren fortune rocket To distribute retained earning from yzjsh over the years to all yzj investors Privatisation by Ren to reward all hardcore investors who hold till now. YZJFh never go through IPO, it a shell company for splitting loot then delist loh. | ||||
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sgng123
Supreme |
24-Oct 14:50
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VWAP 0.35 30% premium =0.45 VWAP 0.35 45% premium =0.50 VWAP 0.35 60% premium =0.55 30% minimum premium cos yzjfh is still very profitable with zero debt. Judging by a lot of directors support stock price buying in open market in range of 0.5 The middle price premium highly 0.50. All this just guess work if privatisation happen. No smoking gun when ceo and cio just got removed and all power went bck to largest shareholder. Ren YL laughing to bank as he pay half price for a very profitable he run for donkey years. Toe only assist to spin off yzjfh so yzjsh stock price would rocket. Now we at final stage of yzj spinoff exercise. | ||||
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sgng123
Supreme |
24-Oct-2023 09:59
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Chill loh, yzjfh get into trouble cos it never go through IPO. Through Toe they listed through back door supported by gov, that why kanna attacked.
If it go through proper channel like what yzjsh did then it would proper valued.
The spinoff was to distribute retained earnings to all yzjsh investors through yzjfh.
We kind of approaching last stage of spinoff that is privatisation
by Ren Y L. Company with strong profitable 1h hammered till this price alrdy hint a lot.
VWAP 0.35, this would mostly used as anchor price with premium throw in.
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MambaFinancial89
Veteran |
24-Oct-2023 09:54
Yells: "Be greedy when others are fearful. " |
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Very unique and bizarre case study. You are right, best to average down in case of a low ball offer. Although Ren will probably not want to ruin his reputation too much and there is a substantial free float in public hands so he will need to make a decent offer to get a potential privatisation bid through. Really no clue as to why decades long buddies (Ren & Toe) would suddenly have their relationship sour unless this was planned all along and the stock has been continuously been manipulated all this while for their ultimate end game...Hope the regulators (SGXRegCo) is monitoring as all can agree the price movements, continued shorting despite improving fundamentals and controlled nature of the stock is extremely fishy. Good luck to all hope there is a positive outcome for everyone. Really look forward to asking Sutat (Lead ID) at the AGM about how he feels personally about his investments into the stock being heavily underwater at this point. Side note to the Company in case IR is reading this - please, please release a 3Q23 results update.
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SAVIORFOREVER
Supreme |
24-Oct-2023 09:40
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Q reduced suddenly. Preparing for another selldown?
Bid Bid Vol(K) Ask Ask Vol(K) 0.310 3,076.8 0.315 535.8 0.305 4,930.3 0.320 5,394.4 0.300 6,833.9 0.325 4,990.9 0.295 3,138.6 0.330 3,332.7 0.290 2,604.8 0.335 3,051.5 0.285 2,612.2 0.340 3,657.3 Trade with fake queues and DYODD |
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sgng123
Supreme |
24-Oct-2023 09:37
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Look like calm return, 0.32 was the dump point yesterday so need time fir market to absorb it before yzjfh can recover. Privatisation remote possibilty before Toe was kicked. It became possible as founder and largest share holder replaced toe instead of finding another sg ceo. It become even more obvious when liu hwa promote to deputy ceo highly groom to replace ren in future. Both CEO and Dp CEO all china national. Ren replaced CEO most likely to check financial operating and fact before he mafe his move. Very rare to see largest shareholder to replace ceo who don commit serious mistake. So take note, those vested keep cool don panic. If privatisation most likely used 6th average price 0.35 as guide with premium add on. Or ren could wait till full year result and priced on it. | ||||
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eddyeddy
Master |
24-Oct-2023 09:36
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Why Toe was asked to step down ? Believe Ren 8s fully aware why FH is a target of short sellers , due to poor poor corporate image , poor IR , poor management . Must respect Toe because he take responsibility of all these failures by himself. | ||||
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pkli899
Supreme |
24-Oct-2023 09:27
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Sudden resignation of CEO for sure affected the market. All want to know what happened? Going forward, what is going to change? Many many questions to ask? Until clear picture emerged, price is going to be attacked by opportunists. Got money buy more also scare......low become lower & also scare of super low ball offer! Especially offer come in before May24 dividend payout date and they declare offer will minus the DPU. Many such precedent already.....remember 无 奸 不 商 For me only can sit tight and pray hard for positive outcome. |
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pasttime
Supreme |
24-Oct-2023 09:10
Yells: "gold silver are real money. not others iou." |
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thanks for pointing out the difference. that will move the available to buy back to about 62m shares. so even more capacity to handle real sell. 367m buy back mandate if fully executed will burst total treasury shares to 700m+ pass 10% so do not think that can happen. was the mandate correct? just for talk talk only, yesterday buy back lowest price was 31.5 so the recovery from 28.5 was from market action. marks 28.5 potentially as the real bottom. dyodd
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John210119
Member |
24-Oct-2023 09:08
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After 10% treasury limit is hit, can they continue SBB and cancel the shares rather than transfer to treasury? | ||||
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SAVIORFOREVER
Supreme |
24-Oct-2023 08:49
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Need to flush contra buyers who bought below 30.
Bid Bid Vol(K) Ask Ask Vol(K) 0.315 4,194.8 0.315 2,300.4 0.310 7,401.9 0.320 3,021.9 0.305 7,607.6 0.325 4,710.3 0.300 6,789.4 0.330 3,308.5 0.295 3,098.5 0.335 3,056.1 0.290 2,585.9 0.340 3,657.6 0.285 2,447.3 0.345 2,944.3 0.280 2,237 0.350 4,307.1 0.275 1,723.3 0.355 5,296 0.270 1,480.8 0.360 3,207.9 0.265 661.5 0.365 3,440.1 0.260 1,041.9 0.370 2,989 0.255 364.2 0.375 1,597.2 0.250 359 0.380 1,416.2 0.245 123.3 0.385 329 0.240 142.3 0.390 603.2 0.235 0.1 0.395 215.7 0.230 40 0.400 248.3 Trade with strategy and DYODD |
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pasttime
Supreme |
24-Oct-2023 08:06
Yells: "gold silver are real money. not others iou." |
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extracted from sgx rule book. 882 " Unless a lower limit is prescribed under the issuer' s law of incorporation, such share buy-back shall not exceed 10 per cent of the total number of issued shares excluding treasury shares and subsidiary holdings in each class as at the date of the resolution passed by shareholders for the share buy-back. " base on above max share buy back that can happen is 15474900 shares. major share holder has received at least $15m cash after last dividend so sure there is money to buy. est. @ 39c that can cover 38m shares. together more then enough to buy any balance of those who need to sell. then we see how the shorts going to cover. do not think cancellation will happen as will that give trouble to future issue of new shares, rights, bonus when needed. dyodd
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lailai
Elite |
24-Oct-2023 07:59
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quite obvious. if not for the sbb, would not hv rebound from 28.5c. not much bullet left for sbb, onlycan buyback ard 16 mil mo. then if no support from Ren, then yr gas as good as mi, when it will land. many can recall huge losses in s-chip or cina chip in years gone by. hope not same case, but who knos.
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vicloo
Supreme |
24-Oct-2023 07:37
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Seems Vincent resignation affected share price.
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Observers
Elite |
24-Oct-2023 05:23
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Wow! Chairman Ren 坐 镇 就 是 不 一 样 。 I think YZJFH has gone into war-time mode given the global situation unfolding both in middle east and Ukraine. Need to 快 刀 斩 乱 麻 。 |
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sgng123
Supreme |
24-Oct-2023 00:27
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Same go for u, anyway not touching yzjfh till coast clear. Current market sentiment very bad, best sticking to safe safe t bills can sleep soundly at night. For thos still vested , hold fast and be patient. YZJFH fundamental still solid but current stock price suffers from US China trade war. Enjoy handsome dividend 8+% next year when no more provision made in 2h. |
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sgng123
Supreme |
23-Oct-2023 22:47
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Toe CEO lah not Ren YL he only MD.
Toe don had the mean to beat ang moh even he given tools to do so.
So he get kuck and Ren step in.
That why ang moh dump everything today cos they more fearful of ren than toe. Exit their position and be done on yzjfh, though silly retail short follow in today lol.
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sgng123
Supreme |
23-Oct-2023 22:42
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Most likely ur way of intepret way off, as long treasury stocks hit the new limit then cannot buy anymore till cancel all or some of it. Any way 24m more SBB then limit hit, yzjfh had 6 mth to decide whether to sell off or cancel those treasiury stock. The mean to buy through SBB become very limited after today massive 12.5mil SBB. Time for Ren Y L to step in. Anyway stay away from yzjfh for now vested just hold till something hapoen. | ||||
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sgng123
Supreme |
23-Oct-2023 21:05
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It don count that way lol. Once treasury stock hit the renewed limit SBB would stop till management cancel some or all the treasury. Every SSB renewal would make the limit smaller and smaller, to continue ssb u need to cancel to free up space. No such thing as separate treasury stock pile for different years. Everuthing consolidate into 1 acct but thr limit would get smaller with each new renewal as outstanding share shrink. Currently 24m more SBB limit would hit and we see if old ren honor his word and buy in with his own money or privatisation. BTW yzjfh 1h net profit is $162m more than full year 2022 $140m. If no extra provision needed for NPL very high chance net profit would breach $300m, not to mention there would be provisiob writeback if NPL reduced. Liu Hwa look quite capable in recovering money owned. | ||||
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Segarvale
Senior |
23-Oct-2023 20:28
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Current number treasury shares held after today purchase: 343m Total issued shares as of today: 3950m 10% limit treasury shares on issued shares: 395m. 2nd renewed mandate 10% is at 367m. Since 2nd renewed mandate, purchase 67m. Another 300m to go before a 3rd renewal mandate required to further sbb. | ||||
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