Posted by Amazonboy > 2022-11-02 13:33 | Report Abuse

Believe..VT Plan is to list caring to fund caring stores expansion...this will enable SEM to get a higher price from interested parties 4 caring...this is d only explanation i can think of on why SEM do sbb @2.3-2.4

Posted by shareprofit > 2022-11-02 13:42 | Report Abuse

price is supported only by stock buy back...but buy back percentage near threshold of 10%...looking at how when SEM unsupported by SBB, straight away crash...once 10%limit reached and no more SBB possible, then i dun tink anyone besides VT can sustain price..

Posted by Amazonboy > 2022-11-02 14:03 | Report Abuse

The question is why does SEM need a higher share price...since profits remain d same & d co. is burning cash for sbb

Posted by dragon328 > 2022-11-02 14:26 | Report Abuse

I think the aggressive SBB serves a few purposes, no.1 is obviously to push up the share price of SEM so that VT & Co can take some profit, no.2 is for a potential share dividend distribution of 5% to 9% then it can buy back shares again, no.3 is to show that its Caring subsi is potentially worth a lot and its convenient store business can cover any loss of earnings after selling Caring, No.4 is to lift the market cap of SEM to a higher level so that it could raise more funds if necessary by pricing any right issue or private placement higher

Just speculating, VT is the master

Posted by dompeilee > 2022-11-02 15:35 | Report Abuse

dompeilee

SOLD the remnant lots of my original purchase of SEM @ $1.384 in Dec '16...for $2.36

6 hours ago
Was watching the early behaviour & noticed some selling aggressively down to 2.23...Q-ed to sell behind 36,700 shrs already parked to sell @ 2.36 & had low expectations of it getting done yet there were buy ups that easily consumed all sellers there within minutes.

Now... :)

Posted by dompeilee > 2022-11-02 15:39 | Report Abuse

Didn't expect a respectable midcap to be goreng-ed up 60% like that, with the collusion of the co. itself! lol M'sia boleh bedek

Posted by cheeseburger > 2022-11-02 15:54 | Report Abuse

hahaha, music chair the music is now stopped.

Posted by dompeilee > 2022-11-02 16:37 | Report Abuse

HUGE long BLACK candlestick on the highest volume since Mar '21.

Posted by MichelleNg > 2022-11-02 16:57 | Report Abuse

Wah....huge selling by VT?

Posted by shareprofit > 2022-11-02 16:59 | Report Abuse

we will know...later announcement today...went back in at 1.85 to be trapped again..

Posted by shareprofit > 2022-11-02 17:01 | Report Abuse

today the CFO MC one day and already price kena whacked...

Posted by Amazonboy > 2022-11-02 17:01 | Report Abuse

BBQ

Posted by Amazonboy > 2022-11-02 17:07 | Report Abuse

CFO shd be sacked...can mc 4 rest of life

Posted by dragon328 > 2022-11-02 17:08 | Report Abuse

oh pang72 is gone, so fast. pump and dump

Posted by dragon328 > 2022-11-02 17:09 | Report Abuse

2 weeks of gains is gone in one day, pufff

Posted by dragon328 > 2022-11-02 17:10 | Report Abuse

could it be the whole story was just made up by The Edge weekly, coupled with some goreng kaki to pump and dump? only time will tell...

Posted by dragon328 > 2022-11-02 17:12 | Report Abuse

I did take some little profit at 2.38 but most of my holdings get stuck. Will hold for few more weeks to see

Posted by shareprofit > 2022-11-02 17:18 | Report Abuse

if u invest by listening to that pang72 joker, then u deserved to lose ur money..
SEM dun just SBB until so high to suffer huge loss la...sure got reasons
only the announcement is misleading coz they shud at least acknowledge discussion to see caring...in msia, u know la, slap in the wrist only for VT
well, im back in at 1.85

Posted by The St. Goreng > 2022-11-02 17:54 | Report Abuse

https://www.theedgemarkets.com/article/us-pe-fund-carlyle-said-be-eyeing-caring-pharmacy-negotiations-advanced-stage

“Both negotiations are at an advanced stage,” a source tells The Edge. The source adds that Carlyle Group, which has US$376 billion in assets under management, made a RM1.3 billion offer to buy the retail pharmacy chain but that 7-Eleven is seeking between RM1.5 billion and RM1.8 billion.

Election near. Some "sos tomato" paid media for fake story like selling Caring to Carlyle Group for berbillion-billion LMAO. In the coupled with sbb push up in a week and dump in a day. Profits taken for election funds, greedy retailers footing the bill.

Posted by NatsukoMishima > 2022-11-02 17:56 | Report Abuse

Many old birds know already this cunning old fox n never touch his stocks foever , only greedy newbie who loves fast money dare to touch n end up cut vege by fox axe !

Posted by shareprofit > 2022-11-02 18:04 | Report Abuse

bro, dun need to trash VT like this la...BFOOD had an amazing run and lotsa ppl earn lotsa money from VT.
and u know pharmacy biz is resilient one, see a few more days lo. today is just SBB likely off and u know retailers are weak at holding, dun play with leverage or will get burn..

Posted by Amazonboy > 2022-11-02 18:27 | Report Abuse

1.8m sbb today...sbb continue...lets c tmw how

Posted by cheeseburger > 2022-11-02 18:44 | Report Abuse

is The Edge shall give some explanation what they have written to public?

Posted by JP01 > 2022-11-02 18:47 | Report Abuse

The float shares in the open market less than 15%, is easy to goreng it to the sky, hopefully tomorrow can in again below 1.80.

Posted by cheeseburger > 2022-11-02 18:48 | Report Abuse

Hard to believe SEM is doing share buy back at price 2.380

Immediate Announcement on Shares Buy Back
Company Name 7-ELEVEN MALAYSIA HOLDINGS BERHAD
Stock Name SEM
Date Announced 01 Nov 2022
Category Immediate Announcement on Shares Buy Back
Reference Number SB1-01112022-00009
Date of buy back 01 Nov 2022
Description of shares purchased Ordinary Shares
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 1,550,000
Minimum price paid for each share purchased ($$) 2.340
Maximum price paid for each share purchased ($$) 2.380

Posted by dompeilee > 2022-11-02 18:51 | Report Abuse

The candlestick chart looks like Sumatec's the day it began to crash & I warned my fren who got the 'tip' in Aug
2014 when I saw the long bearish engulfing candlestick....Sumatec's price is now...oh yea, already suspended.

Posted by dompeilee > 2022-11-02 18:54 | Report Abuse

1.8 mil shr buyback is less than peanuts compared to 1,233 mil tickets outstanding.

Posted by dompeilee > 2022-11-02 19:08 | Report Abuse

Some dumdum directors sold just 4 months ago for 1.26-1.48. That is prob slightly over the fair value.

Posted by dompeilee > 2022-11-02 19:09 | Report Abuse

Is the co. sponsoring election expenses & luring retailers to contribute also? lol

Posted by shareprofit > 2022-11-02 19:44 | Report Abuse

When banker is still buying...y are u afraid?u got better news than the banker? Banker never lose

Posted by dragon328 > 2022-11-02 20:00 | Report Abuse

ah pang72 is back, thought you have dumped and gone

Posted by dragon328 > 2022-11-02 20:06 | Report Abuse

anyway, I did not buy SEM bcoz of pang72 comments, I bought way before at average cost of 1.56.
I bought SEM due to its attractive valuation then. Its convenient store business kicked in substantially higher profits in past 2 quarters after achieving economy of scale and higher margin from its successful launch of 7-Cafe.

Of course, the driver of this counter was definitely the news of it disposing Caring at a good price. But as I said, even though SEM does not manage to get the valuation of RM1.5-1.8 billion that it wants for Caring, it is not in a hurry to sell it.

Retail pharmacy chain is a resilient business with still growth potential, Caring has some 210 outlets, compared to over 500 for Guardian. And it is just about to get into East Malaysia by looking at JOM Pharmacy chain with 15 outlets in Sarawak.
SEM could grow Caring into a bigger chain organically or by M&A, I will not be surprise if Caring becomes a chain with 400 outlets in 5 years.

Posted by dragon328 > 2022-11-02 20:10 | Report Abuse

VT counters are exciting because he is a master in corporate deals. I remember BJFood was also on a rapid uptrend from 2.00 level to above 4.00, spurred by a couple of good quarterly results and company share buyback. Though VT was selling BJFood shares in open market, but BJFood share price kept going up due to SBB and more retail investors participating on valuation ground. BJFood did suffer a big share price correction along the way but quickly rebounded, now to all time high again close to 1.00 (or RM5.00 before bonus) today

Posted by dragon328 > 2022-11-02 20:12 | Report Abuse

But I do reckon that SEM share price correction today was just too drastic, many got caught as company share buyback did not push it up at last minute, as the company had collected 1.8m shares during the day trying to defend the selling but failed miserably

Posted by cheeseburger > 2022-11-02 20:42 | Report Abuse

The statement from SEM about Unaware of Reason for Share Price Rise was a little confusing. SEM been doing share buy back almost everyday since start of Oct, and yet they claimed that they are not aware of anything...

Posted by cheeseburger > 2022-11-02 21:01 | Report Abuse

if you check out the daily volume and the share buy back qty for the past 30days, let me know which day SEM was not one of the biggest buyer of the day?

Posted by samchong6891 > 2022-11-02 21:05 | Report Abuse

Ya , cheeseburger Sem is biggest buyer
since the share price going up...Seen
like management will not SBB without
any reason

Posted by Amazonboy > 2022-11-02 21:22 | Report Abuse

Nearly 35m of shareholders funds used for sbb flushed down d toilet in 1 day...if tmrw continue to drop d figure will be higher

Posted by Amazonboy > 2022-11-02 21:26 | Report Abuse

Market jittery...one wrong move.. can have serious consequences...700m+ in market value lost in 1 day

Posted by chkhooju > 2022-11-02 21:44 | Report Abuse

If tomorrow it falls to 1.70, can buy?

Posted by Amazonboy > 2022-11-02 22:00 | Report Abuse

Maybe VT plan is to trigger takeover code & privatize SEM...so that they can list Caring separately under healthcare sector...this could be another option to explain non stop sbb

Posted by Raiz368 > 2022-11-02 22:04 | Report Abuse

Tomorrow will open gap up 5 to 10 cent and bounce back to above rm2.00

Posted by JP01 > 2022-11-02 22:26 | Report Abuse

这招叫叫搭棚，它一層層搭，直散戶2块以上的貨是散戶自己買上去，空手套白狼，散戶去接貨，

Posted by JP01 > 2022-11-02 22:26 | Report Abuse

套散戶的錢再买自己的貨

Posted by dompeilee > 2022-11-03 10:03 | Report Abuse

Going back to Square1...VT using 7-11 to make big political donation LOL

Posted by imvu > 2022-11-03 10:20 | Report Abuse

nak naik berhari hari , bila turun sehari dua terus bankrupt

Posted by Risk Trader > 2022-11-03 11:15 | Report Abuse

Cashflow very good, cannot be bankrupt....

Posted by NatsukoMishima > 2022-11-03 12:02 | Report Abuse

Still not run , u will be done !

Posted by cheeseburger > 2022-11-03 13:25 | Report Abuse

more to come, just wait n see.

Posted by JP01 > 2022-11-03 13:30 | Report Abuse

Bought again at 1.63:), 1.50 bought last year sold at 2.26