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yes Hazard bro you are correct the buyback in 2012 and 2014 are partial and only less than 1% of the authorised shares were bought I could not find the info on SGX but checked on the Duty Free website in the company websites News Room..... Investors can double check the details. Anyway I dont provide any tips to buy or sell...every individual investors can do their due deligence by checking with their financial advisors or by their own self study. What I post here are my views which may be incorrect to a large extent as I may be biased with my investments too. My apologies if I hurt any traders sentiments here .. and thanks for guiding us all with your knowledge on this scrip.
HazardKoh ( Date: 08-Sep-2017 10:55) Posted:
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i am telling investors not to invest with leveraged money as some traders here are swinging the price with circular trading. yeah the buyback story is true but i am not luring them let the investors do their due deligence study the long term prospects and decide. i entered as investor but when i found the truth decided to swing with the trade and earn some coffee money on small lots
HazardKoh ( Date: 08-Sep-2017 10:49) Posted:
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I hope u can clarify ur misrepresentation on the share buyback.
mogambo ( Date: 06-Sep-2017 14:56) Posted:
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Please correct ur mistake. All these years duty free never buy back all it' s authorised shares for buyback. Infact, they only buy back a tiny portion of shares that they are authorised to buy back.
U are giving new investors wrong information. By saying that duty free bought back 100% of the entire buy back quantity in 2012 and 2014 and saying duty free will buy back 122,850,039 shares this year, u giving new investors false impression that the share price will chiong all the way and sabotage all the new investors.
Maybe those who bought high at 32 cents were those who believed in ur wrong information.
U are giving new investors wrong information. By saying that duty free bought back 100% of the entire buy back quantity in 2012 and 2014 and saying duty free will buy back 122,850,039 shares this year, u giving new investors false impression that the share price will chiong all the way and sabotage all the new investors.
Maybe those who bought high at 32 cents were those who believed in ur wrong information.
mogambo ( Date: 06-Sep-2017 14:56) Posted:
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Are u talking about urself? Who are u referring to when u mentioned the group will spread panic saying the price will go low etc..??
I think u are the one spreading false information on the share buyback saying that duty free will buyback all the authorised 100000+ lots which then lured new investors to buy at 31-32 cents after reading ur comment and now they are trapped.
I think u are the one spreading false information on the share buyback saying that duty free will buyback all the authorised 100000+ lots which then lured new investors to buy at 31-32 cents after reading ur comment and now they are trapped.
mogambo ( Date: 08-Sep-2017 10:44) Posted:
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as i told you all there is a syndicated group of traders here who snatch shares for ignorant investors at the bottom anf then take it up momentarily trapping new investors with greed to make quick money. the group then swing back the price and apread panic saying the price will go low and the new investors on leveraged to force sell their shares. just dont fall into their trap rather keep buying into the bottom where the owner/ promoter will support the price line. good luck
some more blue whales bought bigger trade quantities one blue whale bought 62.3k at 11:00 am precise, some more blue whales followed up with larger quantities one blue whale bought 51.3K at 11:14am and another subsequent blue whale also bought 50K at 11:20 am all price action for 29.5 cents.. Investors just dont get fooled by the blue whales and blue sharts just understand the money flow and make money and gains.
if you understand the trading patterns of the blue sharks a lot of money can be earned just by studing the price action. .. I made my biggest loot in this scrip just by studying the price action and the volatility in this scrip.
jack2906 ( Date: 07-Sep-2017 11:36) Posted:
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beware of 0.295 endless sell volume, this is the trap... pretty sure it will go below 0.29 soon~
mogambo ( Date: 07-Sep-2017 10:41) Posted:
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Some blue sharks started buying today one blue shark bought 21.8k and the other blue sharks followed up with SMA smaller buy quantities of 12k, 5k and so on. There are many blue shark Traders just keep watching their buy and sell patterns. You will understand the price action in this scrip to understand its trading pattern.
The share buyback is just a tool to support/maintain the share price. It is not supposed to push up the share price. So in dun see any reason for duty free to chiong to 35 cents except if the results is super good.
And usually NO COMPANY in sgx would buy back ALL THE 100% authorised shares for buyback. They only buy back a little just to support the share price.
And duty free has already stopped their share buyback long ago. They bought 7000+ lots out of 120000 lots authorised.
I think there are some investors who has the misconception that duty free will buy back ALL the 120000 lots authorised and think that by buying 120000 lots, the share price would rocket ==> False and a misconception
And usually NO COMPANY in sgx would buy back ALL THE 100% authorised shares for buyback. They only buy back a little just to support the share price.
And duty free has already stopped their share buyback long ago. They bought 7000+ lots out of 120000 lots authorised.
I think there are some investors who has the misconception that duty free will buy back ALL the 120000 lots authorised and think that by buying 120000 lots, the share price would rocket ==> False and a misconception
jack2906 ( Date: 06-Sep-2017 18:24) Posted:
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lucky I sold all at 0.31 amd 0.15.... was thinking to sell at 0.35 and above...
what I notice those counter has frequent buy-back will stay in downtrend...
what I notice those counter has frequent buy-back will stay in downtrend...
HazardKoh ( Date: 06-Sep-2017 16:28) Posted:
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So far this year, they only bought back 7520,000 shares aka 7520 lots.
The one u mentioned 122,850,039 shares or 122850 lots representing 10% is the one they are AUTHORISED to buy back. And they have stopped buying back.
Anyway, the whole year trading volume also never reach anywhere near 122850 lots, even if they want to buy back ALL, they also can' t.
The share buyback is just used to support share price whenever there is any undesirable dip in the share price. Share buyback is not (and cannot) be used for pushing up the share price of a counter. Cheers.
The last day of share buyback in 2014 was in September. The CUMULATIVE no. of shares purchased for that year is 2,998,000 or 2,998 lots.
AUTHORISED 110,284,164 aka 110284 lots (10%). They only buy back around 3000 lots out of 110284 lots that is authorised to be bought back.
U can scan through ALL the years of buyback and I can guarantee you that they only buy back very little amount of shares.
The one u mentioned 122,850,039 shares or 122850 lots representing 10% is the one they are AUTHORISED to buy back. But most companies including Duty free dun usually buy back all and they usually buy back only a tiny fraction just to maintain share and not pushed up share price. Share buyback aim is to maintain and support share price, NOT for manipulating share price.
Cheers.
Hazard bro not true .. Please check the companies buy back of shares records for 2012 and 2014 and they have bought back 100% of the entire buy back quantity .. so this time also before the AGM they have to complete the formalities.
Source: Capital IQ Buybacks Database
Type: Buyback Transaction Announcements
From: 14/Jul/2017
Duty Free International Limited (SGX:5SO) announces an Equity Buyback for 122,850,039 shares, representing 10% of its issued share capital.
Source: Capital IQ Buybacks Database
Type: Buyback Transaction Announcements
From: 14/Jul/2017
Duty Free International Limited (SGX:5SO) commences share repurchases on July 13, 2017 under the program mandated by the shareholders in the Annual General Meeting held on June 29, 2017. As per the mandate, the company is authorized to repurchase up to 122,850,039 shares, representing 10% of the issued ordinary share capital. In case of on market repurchases, the maximum price that will be paid by the company for repurchases will be 105% of the average closing price over the period of five market days in which transactions in the shares on the SGX-ST were recorded before the day on which such purchase is made. While in case of off-market repurchases, the maximum price that will be paid by the company for repurchases will be 120% of the average closing price over the period of five market days in which transactions in the shares on the SGX-ST were recorded immediately preceding the date of offer by the company. The repurchased shares will be cancelled or will be held in treasury for subsequent resale for cash, or for transfer for the purposes of or pursuant to an employees&rsquo share scheme or for transfer as consideration for the acquisition of shares in or assets of another company or assets of a person or cancellation or for sale, transfer or otherwise use as treasury. The company will use its internal sources of funds and/or external borrowings, to finance the repurchase program. The share repurchase program will provide the company with a mechanism to facilitate the return of surplus cash over and above its ordinary capital requirements in an expedient and cost-effective manner. It will also provide the Directors with greater flexibility over the company&rsquo s share capital structure with a view to enhancing the EPS and/or NTA value per share. The share repurchase program shall expire at the earliest of the date on which the next Annual General Meeting of the company is held or is required to be held, the date on which the share buy-backs are carried out to the full extent mandated or the date on which the authority contained in the share buyback mandate is varied or revoked.
HazardKoh ( Date: 06-Sep-2017 11:07) Posted:
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They have stopped share buyback long time ago already (last month, u can read their annoucement in SGX) and it is NOT compulsory for them to buy back all the 10% of the issued shares and it is NOT their intention to buy back all the 10%. They only buy back the most 1%, if u look at their past history of buying back shares and no companies according to my many years observation had buy back 10% aka the full 10% shares.
The price wun shoot up from share buyback, reasons:
1) They only buy back around 1% the most.
2) Buyback is to " support" share price and not push share price.
They had carried out several share buybacks through out the years. U can go to SGX and look at their annoucements for the past 5 years.
Is a simple pump and dump by some BBs...
The price wun shoot up from share buyback, reasons:
1) They only buy back around 1% the most.
2) Buyback is to " support" share price and not push share price.
They had carried out several share buybacks through out the years. U can go to SGX and look at their annoucements for the past 5 years.
Is a simple pump and dump by some BBs...
mogambo ( Date: 06-Sep-2017 10:43) Posted:
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Owner is trying to spread fear along with the big bears to eat all quantitiyies below 30 cents. But small investors keep filling up the GAP below 30 cents as the owner still has to buy back 115 million shares within 3 months time time frame. For the average monthly volumes below 5 million the owner has to Ho in a agressive mode to fill up his kitty to fill up another 93% volumes in a very short period of time.👍 👍 start filling up your kitties before the price shoots up beyondbuiur imagination. Cheers
congrat... i think soon the BBs will start driving the share price down again..
angmohlin ( Date: 04-Sep-2017 18:42) Posted:
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Yes, I closed my position for kopi money.
guess msot of the small investors already left this stock who bought/sold from the range 0.285-0.315...
now only left with manipulator playing buy and sell themself... they can easily bring up the price up and donw in the range 0.280 - 0.320... depend which side they trap more ppl..
now only left with manipulator playing buy and sell themself... they can easily bring up the price up and donw in the range 0.280 - 0.320... depend which side they trap more ppl..
mogambo ( Date: 04-Sep-2017 11:52) Posted:
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