this sh how cheap also useless maxi is 90sen lowest is 81sen will play yoyo alreay like this 3 years dun know want play at 90 to 80 sen until how many years again if last time buy above 1 ringgit now is kena trap many years and dun know when is the end of yoyo 90 to 80 ?
Danny sold 3.8 million off market at discounted price to friendly party who then sell slowly during share buy back by Company and give back profit made to Danny. Been happening for months.
Why ask his friend sell over so many days? Why not one shot buy it back, or over 2-3 days.
Why need 3rd party, just transfer to son and buy back in 2 transactions can d.
If he selling at discount to friend, like that he want to insult lim wee chai by telling him, other people i sell cheap, you i sell expensive?
Or you saying Lim wee chai his macai. Billionaire but nothing to do want lick danny tan ass?
Obviously not the case. He is selling to friendly 3rd parties because he needs to keep the float at 25%. In the meantime, he can keep buying back the cheap shares, while the shares held by 3rd parties are effectively frozen.
==== Posted by TheContrarian > Nov 20, 2018 03:21 PM | Report Abuse
Danny sold 3.8 million off market at discounted price to friendly party who then sell slowly during share buy back by Company and give back profit made to Danny. Been happening for months.
Danny can't transfer to family members whether son, daughter, father, mother, brother or sister or even sister-in-law or brother-in-law as they together are regarded as persons in concert and cannot hold in aggregate more than 75% in order to maintain listing. Company cannot buy back shares until Danny unload to a "third party" because each time the Company buys back, Danny's percentage holding increases as treasury shares are excluded in the percetage holding computation.
being conservative, in theory, the IV should reflect its net assets valuation. but given the bad sentiment, current market cycle, and weak liquidity, 30%-40% discount seems reasonable.
even at 50% discount, u still get 1.17.
market cap is 1.27bil against potential GDV of 46.6bil
plenty of MOS for any "unforced errors", if u willing to take position la...
ANALYSIS OF WARRANT HOLDINGS As at 23 March 2018 WARRANT 2009/2019 No. of warrants issued : 160,707,498 No. of warrants outstanding : 153,557,696 Exercise price of warrants : RM1.00 each Expiry date of warrants : 8 December 2019 DISTRIBUTION OF WARRANT HOLDINGS No. Names of Warrant Holders No. of Warrants % 1. Kenanga Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Tan Chee Sing (021) 46,617,901 30.63 2. Amsec Nominees (Tempatan) Sdn Bhd Impeccable Ace Sdn Bhd 15,636,917 10.18
The company is likely to divest its non-core asset ie W Hotel and other land bank to further de-gear to save interest expense, and raise its cash holding further....
no people invest better than @TheContrarian , TheContrarian also can sell at the right time, very smart and clever investor example Reach , Trop , well play .
Me still lose 20% on Trop because I hold more than 4 years already , I should sell this one at 90sen lose patient
90 sen big road block today even first thing in the morning there were already over 500,000 shares offered for sale at 90 sen, thus not possible for me to get that price if I were to try. Maybe next week you can but I want to free up capital and look for opportunities elsewhere.
ivan9511, there's a pattern play on Tropicana. The share buy backs will go for days and then suddenly stop and price will trend down to around 82 sen, the price Danny previously sold to cronies. This is the best time to buy and hold until share buy backs push up price again.
The problem with Tropicana is the Company can't keep on buying back as it will eventually breach the minimum 25% public shareholding spread listing rule unless Danny sells down to his cronies.
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Posted by Fabien Extraordinaire > 2018-11-07 22:33 | Report Abuse
Trop is at 70% discount to BV. Cheapness defined...lol