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In the crosshair of potential buyer?
There is something unusual happening at Raffles Medical Group, and the market is beginning to take notice......ceo buy & buy.
I would agree with JessTrang! Many reasons to sell your stock but only ONE reason to buy esp in large amount. That is future potential/result must be good!
If Dr Loo were to dump in this amount of his money just to lure peanut investors like myself and causes self-harm, I give it to him & resigned myself I am the stupid gullible one.
Vested @ an avg cost of $1.10
JessTrang ( Date: 01-Jul-2024 22:52) Posted:
Nearing the results might go up... there is no reason the boss keep buying if results is lousy.... seems likely the mafias are making weak hearts to dispose the shares and call it quit..
Secret_Squirrel ( Date: 01-Jul-2024 17:57) Posted:
Today price drop, likely because Dr Loo did not buy any shares. lol
He cannot buy any shares from now until the results released on 29 Jul 2024.
I think prices likely to drop further without his support.
Don' t know how much south it can go.lol |
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Nearing the results might go up... there is no reason the boss keep buying if results is lousy.... seems likely the mafias are making weak hearts to dispose the shares and call it quit..
Secret_Squirrel ( Date: 01-Jul-2024 17:57) Posted:
Today price drop, likely because Dr Loo did not buy any shares. lol
He cannot buy any shares from now until the results released on 29 Jul 2024.
I think prices likely to drop further without his support.
Don' t know how much south it can go.lol |
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Today price drop, likely because Dr Loo did not buy any shares. lol
He cannot buy any shares from now until the results released on 29 Jul 2024.
I think prices likely to drop further without his support.
Don' t know how much south it can go.lol
next Monday we will know whether Dr Loo has bought any shares yesterday as it will normally be posted on SGX the next working day.
As the half year results will be announced on 29 July , directors of the company will not be about to buy the company shares during the one month period.
Most likely the share price will go down without his support..
JessTrang ( Date: 28-Jun-2024 18:11) Posted:
Precisely. Healthcare definitely will be in greater needs as aging population gradually increase across the globe..
Thomson medical invested in Vietnam, Temasek in India if I remember correctly.
n3wbie ( Date: 28-Jun-2024 10:23) Posted:
| Dr Loo clearly believes in the long term prospects of the business and is flexing his muscles by putting his own money in the company rather than just using shareholders' money to do so. Respect |
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Precisely. Healthcare definitely will be in greater needs as aging population gradually increase across the globe..
Thomson medical invested in Vietnam, Temasek in India if I remember correctly.
n3wbie ( Date: 28-Jun-2024 10:23) Posted:
Dr Loo clearly believes in the long term prospects of the business and is flexing his muscles by putting his own money in the company rather than just using shareholders' money to do so. Respect.
Mark001 ( Date: 28-Jun-2024 08:30) Posted:
| Ya, when the compnay holds abundant cash, why does he buy himself instead of exercising the comany' s share buyback |
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He already hold 54%+. need more for what?
Cadence88 ( Date: 28-Jun-2024 16:41) Posted:
He needs to maintain a certain level of control to preempt any hostile takeover ..
n3wbie ( Date: 28-Jun-2024 10:23) Posted:
| Dr Loo clearly believes in the long term prospects of the business and is flexing his muscles by putting his own money in the company rather than just using shareholders' money to do so. Respect |
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He needs to maintain a certain level of control to preempt any hostile takeover ..
n3wbie ( Date: 28-Jun-2024 10:23) Posted:
Dr Loo clearly believes in the long term prospects of the business and is flexing his muscles by putting his own money in the company rather than just using shareholders' money to do so. Respect.
Mark001 ( Date: 28-Jun-2024 08:30) Posted:
| Ya, when the compnay holds abundant cash, why does he buy himself instead of exercising the comany' s share buyback |
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Dr Loo clearly believes in the long term prospects of the business and is flexing his muscles by putting his own money in the company rather than just using shareholders' money to do so. Respect.
Mark001 ( Date: 28-Jun-2024 08:30) Posted:
Ya, when the compnay holds abundant cash, why does he buy himself instead of exercising the comany' s share buyback?
n3wbie ( Date: 28-Jun-2024 00:11) Posted:
| Despite the decline in profitability last year, the Group has a net cash position of $270m so that should improve going forward with the China hospitals ramping up from its gestation phase. Interesting that Dr Loo has not utilized the share buyback mandate and is instead buying almost daily |
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Ya, when the compnay holds abundant cash, why does he buy himself instead of exercising the comany' s share buyback?
n3wbie ( Date: 28-Jun-2024 00:11) Posted:
| Despite the decline in profitability last year, the Group has a net cash position of $270m so that should improve going forward with the China hospitals ramping up from its gestation phase. Interesting that Dr Loo has not utilized the share buyback mandate and is instead buying almost daily |
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Despite the decline in profitability last year, the Group has a net cash position of $270m so that should improve going forward with the China hospitals ramping up from its gestation phase. Interesting that Dr Loo has not utilized the share buyback mandate and is instead buying almost daily
institution is net selling (YTD) .
Executive chairman is a healthcare veteran.
Study his buying pattern.
18 Jun announced half year results will be out on 29 July 2024.
From 19 Jun onwards,
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Raffles Medical Group shares purchase by chairman Loo |
| Date Purchase |
No. of shares purchase |
Amt paid per share |
Total sum |
| 19 Jun 2024 |
1,500,000 |
$1.00133 |
$1,501,995.00 |
| 20 Jun 2024 |
800,000 |
$1.00 |
$800,000.00 |
| 21 Jun 2024 |
1,000,000 |
$1.00 |
$1,000,000.00 |
| 26 Jun 2024 |
1,500,000 |
$0.985 |
$1,477,500.00 |
Mark001 ( Date: 27-Jun-2024 15:29) Posted:
What happened to raffles M share? The price is keeping to drop down even the chairman has bought back share from Feb.
Secret_Squirrel ( Date: 27-Jun-2024 12:19) Posted:
Between 27 Feb 2024 to 21 Jun 2024, chairman Loo bought 33,550,000 shares amounting to $34,218,468.50
If based on share price of 99 cents, he will suffer paper losses of more than $1 million.
On 18 Jun 2024 the company announces that financial results half year ended on 30 Jun 2024 will be announced on 29 July 2024 (Monday) before commencement of trading |
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What happened to raffles M share? The price is keeping to drop down even the chairman has bought back share from Feb.
Secret_Squirrel ( Date: 27-Jun-2024 12:19) Posted:
Between 27 Feb 2024 to 21 Jun 2024, chairman Loo bought 33,550,000 shares amounting to $34,218,468.50
If based on share price of 99 cents, he will suffer paper losses of more than $1 million.
On 18 Jun 2024 the company announces that financial results half year ended on 30 Jun 2024 will be announced on 29 July 2024 (Monday) before commencement of trading.
kiseki_2818 ( Date: 24-Jun-2024 12:41) Posted:
| Steady. Then I also show some support @ 1.0 |
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Between 27 Feb 2024 to 21 Jun 2024, chairman Loo bought 33,550,000 shares amounting to $34,218,468.50
If based on share price of 99 cents, he will suffer paper losses of more than $1 million.
On 18 Jun 2024 the company announces that financial results half year ended on 30 Jun 2024 will be announced on 29 July 2024 (Monday) before commencement of trading.
kiseki_2818 ( Date: 24-Jun-2024 12:41) Posted:
Steady. Then I also show some support @ 1.00
bamboo300306 ( Date: 18-Jun-2024 00:25) Posted:
| Steady chairman, I buy tomorrow. If lost money also no regret . |
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Steady. Then I also show some support @ 1.00
bamboo300306 ( Date: 18-Jun-2024 00:25) Posted:
| Steady chairman, I buy tomorrow. If lost money also no regret . |
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Raffles Medical Group
Between Jun 13 and 19, Raffles Medical Group : BSL 0% executive chairman Loo Choon Yong acquired 2.7 million shares at an average price of S$1 per share. This increased his total interest from 54.58 per cent to 54.72 per cent.
Since, late February, Dr Loo has been gradually increasing his total interest in the stock from 53.02 per cent.
Steady chairman, I buy tomorrow. If lost money also no regret .
Solid of Dr Loo though - he puts money where his mouth is, that is some $30mn of his own money rather than share buyback that uses company' s cash
Secret_Squirrel ( Date: 13-Jun-2024 10:12) Posted:
| Between late Feb 2024 till 11 June, chairman Loo had already bought more than 28 million shares.
But share price still weak. lol |
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Raffles Medical Group
Between Jun 6 and 12, Raffles Medical Group : BSL +1% executive chairman Loo Choon Yong acquired 3.1 million shares at an average price of S$1.02 a share. This increased his total interest from 54.41 to 54.58 per cent.
Since late February, he has been gradually increasing his total interest in the stock from 53.02 per cent.
The raffles med has more cash on hand than total debt, and attractive cash flow yields and valuation compared to other healthcare/med plays in SG.
He already owns ~55% of the company. I hope he can take it private (fingers crossed).
DYODD. NFA.
