The Company doesnt have the excess fund to initiate share buyback. They might call for another right issue to raise funds for new vessel. There is always possibilities.
Entered one month ago at 5.5. Decided to eliminate counters with unhealthy debt to equity ratio from my portoflio. As so, I exited today with18% loss. I wish all the best to those still holding or planning to hold Hubline.
Check out the Section 29B announcement dated 19 Aug 2013 and then ........
Check out the Annual Report 2013 in respect the 30 largest shareholders as at 6 Feb 2014 ........
It would appear that some major shareholder had not filed any Section 29B & 29C announcement(s) to Bursa despite having disposed 300 million shares ......... possibly to the open market ........
If they keep bringing down the price.... And press it to 0.04 vs 0.045 for a long long time.... Then prepare they go for privatize.... At a price of 0.05..... Is that possible ? No one can complain ? Since the price is higher than market price...
There are already a lot of cases like this.... headache....Normally if you check back history... those price keep there for long long time. . lastly privatize.....Wait for nothing....
I also very agree with spider, how can major shareholder throw like that.. last time director throw to major shareholder.. now from shareholder throw to tong sampah alr.....Maybe that report can find in kawasan pelupusan sampah..
Yaya, just scare that this people can suddenly transfer to one account from a few hundred accounts .. and then just declare privatize.. That is one of the possibility.
Anyone is going for the AGM? I didnt buy.. so not invited...And somemore i am in Canada.. to far to go back.. haha, hopefully those who attend can share here...
actually, the last quarter report show great improvement which showing earning sign.. but if you are worry about it, you may wait for a full financial year report..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
candlewick
120 posts
Posted by candlewick > 2014-03-13 15:15 | Report Abuse
btw..why can't the Board propose a share buy-back to counter the low price.