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The most conspicuous characteristic of the mkt here is that there appears to be droves n droves of motivated sellers dominating so many counters. Luckily only one appeared to have the super motivation n drive to torpedo the px of one counter down by 50% within a wk. If more such motivated sellers surface for other counters, the whole mkt collapses in front of every body' s eyes.
earlybird14 ( Date: 21-Mar-2015 19:03) Posted:
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10 days share buy back hitting 7mio.
Again don't know who is selling. They must be very confident to bring indofood price down or they are desperate to maintain their negative portfolio.
Again don't know who is selling. They must be very confident to bring indofood price down or they are desperate to maintain their negative portfolio.
7 day buy back, 7million share or close to 5million dollar spent. Just forget about dividend and continue the share buy back.
If somebody really short the 7million share to management, i really pity them. With daily average volume of 870 lots, it is more than 8 days trading volume.
Indofood is not a dividend play and they pay very little on dividend.
Company need to prove if their cash is real through dividend and share buy back. Since Indo share buy back, it ease my worry on their cash.
KAMAL0883 ( Date: 18-Mar-2015 10:55) Posted:
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buy mean cash tie up again .....
if no dividend mean lose interest, even eventually price will move but upside is limited cos share listed in SGX will get querry if up by 5%
No worry. Just buy it now. PE is 12 when CPO price is low and they are more diversified now with sugar, most important is they are Salim Group who control part of the food empire in indonesia, 200 million population which is one of the fast growing population.
I see the bottom for this stock, it may take time to go up but it will go up eventually.
KAMAL0883 ( Date: 18-Mar-2015 09:30) Posted:
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this one also $4+++ counter previously ...
now $0.70 ....
holders all lose $$$$$
Don' t think Salim group will do it. Share buy back but drop. weird. May be insider selling their bonus share and management buy the share back and cancel.
Know-Your-Stuff ( Date: 17-Mar-2015 18:46) Posted:
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Don' t think so.
Know-Your-Stuff ( Date: 17-Mar-2015 18:46) Posted:
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May be taken private.
earlybird14 ( Date: 13-Mar-2015 16:03) Posted:
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Furthermore, no dividend is disclose, management may only give penny and spend most of the money in share buy back, not a bad approach to reward shareholders if they can bring the price up.
Now is close to 4pm. Management share buy back 1million per day. Today seem like target not hitting, i just wondering if they will just buy 800lots queue from 73 to 74.
earlybird14 ( Date: 13-Mar-2015 15:48) Posted:
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i have patient on indofood. Don' t buy share buy back company with good profit is ignorant.
Nanja-Monja ( Date: 13-Mar-2015 15:08) Posted:
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must be patient with SG market.
so far 390lots. Selling dry or share buy back dry?
Everyday 73, with 1million share buy back.
Who is selling?
Whoever expect 15 to 20% profit return in 3 to 6month times, Indofood will be your choice. Management launch share buy back constantly 1million share per day. It will reduce the float of this company. Once the market turn better anytime within next 6 months, people will start buying indofood, due to the reduced float, it will only go up.
This simple theory is proven in many stock.
Another 1 million share, total of 3million share bought back by management between 72 to 73.5.
Don' t understand why somebody take profit after management share buy back 2million share (1million perday) this is more than daily volume.
Let' s see if management is willing to buy up till 75 or not.
Good luck to holders.
Just notice indofood share buy back in 2 days, total 2000lots were bought. To a low float company like Indofood, this consider quite a lot.