Q&M Dental    Last:0.595    +0.015

Q&M dental

shortists targeted those who have little faith in the stock. many existing shareholders caved, thats why the persistent short " attack" over the last 1-2 mths. good that management stepped in with the buybacks

 

Open 0.585 and now same at 0.585 as at 12pm Lunch time Vol 1.15m highest 0.590

 

 

3rd day of  Share buy back...800k at between 0.575 and 0.580. Total share buy back is 3.6m
Less shares in the mkt for shortists.....likely tmr continue daily buy back....
 

 

Thanks...looks like daily share buy back....price should go up along the way or shoot up next month...
Today already at 58.50 c... near to 60c....

spursfan      ( Date: 14-Oct-2021 19:20) Posted: Today 800k shares Everyday      ( Date: 14-Oct-2021 17:13) Posted: Close at 0.585...vol 4.6m...Let' s .see  tonight  whether any share buy back announcement.

 

Today 800k shares

Everyday      ( Date: 14-Oct-2021 17:13) Posted: Close at 0.585...vol 4.6m...Let' s .see  tonight  whether any share buy back announcement.. Everyday      ( Date: 14-Oct-2021 14:48) Posted: Today open at 58c and swinging bet 57.50c to 58c. Now at 58c as at 2.48pm. Vol 2,8m another daily buy back share? Will know by tonight....

 

Close at 0.585...vol 4.6m...Let' s .see  tonight  whether any share buy back announcement..

Everyday      ( Date: 14-Oct-2021 14:48) Posted: Today open at 58c and swinging bet 57.50c to 58c. Now at 58c as at 2.48pm. Vol 2,8m another daily buy back share? Will know by tonight....

 

Today open at 58c and swinging bet 57.50c to 58c. Now at 58c as at 2.48pm. Vol 2,8m
another daily buy back share? Will know by tonight....

 

Based on your research...if the same pattern happen    price can double in one month' s time....
example  last year fr  18th Mar to  9th April of daily share buy and  waiting till  23rd April  ..price shot up from  27c to    53c...almost doubled...
before stabilising at 0.35 to 0.40... so this year assuming at 57c shot up  to $1.14 in a mth' s time? Explosive

cute5tuff      ( Date: 13-Oct-2021 22:33) Posted: I checked the SGX Website. https://www.sgx.com/securities/company-announcements?value=Q%20%26%20M%20DENTAL%20GROUP%20(SINGAPORE)%20LIMITED& type=company& pagesize=20& ANNC=ANNC13%2CANNC26 Before 26 Apr 2021, the last buy back was from 18 Mar 2020 - 9 Apr 2020 (they actually bought every day). 18 Mar the price was 28c, and by 9 Apr, it was still around 27c, but what was interesting was after the buy back, it shot to 53c on 23 Apr 2020 (but came back down to stabilise at 35-40c for a long time.

 

Come to think of it...financial result may come next month
By then any daily buy back would  be completed....then Boom .....rocket take off...

 

Thanks for your great research....looks like price will go up over time.....
generally good news for us...

cute5tuff      ( Date: 13-Oct-2021 22:33) Posted: I checked the SGX Website. https://www.sgx.com/securities/company-announcements?value=Q%20%26%20M%20DENTAL%20GROUP%20(SINGAPORE)%20LIMITED& type=company& pagesize=20& ANNC=ANNC13%2CANNC26 Before 26 Apr 2021, the last buy back was from 18 Mar 2020 - 9 Apr 2020 (they actually bought every day). 18 Mar the price was 28c, and by 9 Apr, it was still around 27c, but what was interesting was after the buy back, it shot to 53c on 23 Apr 2020 (but came back down to stabilise at 35-40c for a long time.

 

I checked the SGX Website. https://www.sgx.com/securities/company-announcements?value=Q%20%26%20M%20DENTAL%20GROUP%20(SINGAPORE)%20LIMITED& type=company& pagesize=20& ANNC=ANNC13%2CANNC26

Before 26 Apr 2021, the last buy back was from 18 Mar 2020 - 9 Apr 2020 (they actually bought every day). 18 Mar the price was 28c, and by 9 Apr, it was still around 27c, but what was interesting was after the buy back, it shot to 53c on 23 Apr 2020 (but came back down to stabilise at 35-40c for a long time.

 

 

Thanks for your info...you were the first one to tell us...

spursfan      ( Date: 13-Oct-2021 19:22) Posted: Buy back 1.4 mil. Shares again today.

 

It is interesting....let' s see whether they buy back daily or not....
they can do so from  26th April (mandated  start date) onwards but may not have done till now....
Maybe the more they buy back the less share in the market resulting in higher prices?

cute5tuff      ( Date: 13-Oct-2021 22:08) Posted: It indicates  Start date for mandate of daily share buy-back 26/04/2021 12 Oct was the 1st day, and 13 Oct was the 2nd day. Does it mean they are mandated to buy back shares on a daily basis? Everyday      ( Date: 13-Oct-2021 17:13) Posted: Start date for Share buy back was fr 26/4/2021...so may have bought some along the way from April till now... but the price now is much cheaper ....who knows they may buy some more....later...if they do so will hv announcement...for bigger purchas

 

 

It indicates 

Start date for mandate of daily share buy-back

26/04/2021

12 Oct was the 1st day, and 13 Oct was the 2nd day. Does it mean they are mandated to buy back shares on a daily basis?

Everyday      ( Date: 13-Oct-2021 17:13) Posted: Start date for Share buy back was fr 26/4/2021...so may have bought some along the way from April till now... but the price now is much cheaper ....who knows they may buy some more....later...if they do so will hv announcement...for bigger purchase cute5tuff      ( Date: 13-Oct-2021 16:57) Posted: They are authorised to buy back 78.7mil shares. They bought 1.4mil yesterday. Still have 77.3mil to go?

 

Buy back 1.4 mil. Shares again today.

 

Start date for Share buy back was fr 26/4/2021...so may have bought some along the way from April till now...
but the price now is much cheaper ....who knows they may buy some more....later...if they do so will hv announcement...for bigger purchase

cute5tuff      ( Date: 13-Oct-2021 16:57) Posted: They are authorised to buy back 78.7mil shares. They bought 1.4mil yesterday. Still have 77.3mil to go?. Everyday      ( Date: 13-Oct-2021 12:47) Posted: Share Buy Back Announcement yesterday: Share Buy Back - Daily Share Buy-Back Notice BackOct 12, 2021 Announcement Title Share Buy Back - Daily Share Buy-Back Notice Date & Time of Broadcast Oct 12, 2021 19:44 Status New Announcement Sub Title Share Buy Back - Daily Share Buy-Back Notice Announcement Reference SG211012OTHR24X3 Submitted By (Co./ Ind. Name) Vitters Sim Designation Chief Financial Officer Description (Please provide a detailed description of the event in the box below) Share buy-back by way of market acquisition and all shares are held as treasury shares. Additional Details Start date for mandate of daily share buy-back 26/04/2021 Section A Maximum number of shares authorised for purchase 78,730,862 Purchase made by way of market acquisition Yes     Singapore Exchange Overseas Exchange Date of Purchase 12/10/2021   Total Number of shares purchased 1,400,000   Number of shares cancelled 0   Number of shares held as treasury shares 1,400,000   Highest/ Lowest price per share Highest Price per share SGD 0.56 Lowest Price per share SGD 0.555 Total Consideration (including stamp duties, clearing changes etc) paid or payable for the shares SGD 787,524.94 Section B Purchase made by way of off-market acquisition on equal access scheme No Section C   Cumulative No. of shares purchased to date^ Number Percentage# By way of Market Acquisition 1,400,000 0.18 By way off Market Acquisition on equal access scheme 0 0 Total 1,400,000 0.18 #Percentage of company' s issued shares excluding treasury shares as at the date of the share buy-back resolution ^From the date on which share buy-back mandate is obtained Section D Number of issued shares excluding treasury shares after purchase 943,370,340 Number of treasury shares held after purchase 22,495,007

 

They are authorised to buy back 78.7mil shares. They bought 1.4mil yesterday. Still have 77.3mil to go?.

Everyday      ( Date: 13-Oct-2021 12:47) Posted: Share Buy Back Announcement yesterday: Share Buy Back - Daily Share Buy-Back Notice BackOct 12, 2021 Announcement Title Share Buy Back - Daily Share Buy-Back Notice Date & Time of Broadcast Oct 12, 2021 19:44 Status New Announcement Sub Title Share Buy Back - Daily Share Buy-Back Notice Announcement Reference SG211012OTHR24X3 Submitted By (Co./ Ind. Name) Vitters Sim Designation Chief Financial Officer Description (Please provide a detailed description of the event in the box below) Share buy-back by way of market acquisition and all shares are held as treasury shares. Additional Details Start date for mandate of daily share buy-back 26/04/2021 Section A Maximum number of shares authorised for purchase 78,730,862 Purchase made by way of market acquisition Yes     Singapore Exchange Overseas Exchange Date of Purchase 12/10/2021   Total Number of shares purchased 1,400,000   Number of shares cancelled 0   Number of shares held as treasury shares 1,400,000   Highest/ Lowest price per share Highest Price per share SGD 0.56 Lowest Price per share SGD 0.555 Total Consideration (including stamp duties, clearing changes etc) paid or payable for the shares SGD 787,524.94 Section B Purchase made by way of off-market acquisition on equal access scheme No Section C   Cumulative No. of shares purchased to date^ Number Percentage# By way of Market Acquisition 1,400,000 0.18 By way off Market Acquisition on equal access scheme 0 0 Total 1,400,000 0.18 #Percentage of company' s issued shares excluding treasury shares as at the date of the share buy-back resolution ^From the date on which share buy-back mandate is obtained Section D Number of issued shares excluding treasury shares after purchase 943,370,340 Number of treasury shares held after purchase 22,495,007

 

Never seen such strong rally for all Singapore Counters for a long time.
Is this the start of a rally for Singapore ? Looks like it !