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Tuesday: 16 August 2011 CLOSING
S$0.860 -S$0.15 pharoah88 ( Date: 16-Aug-2011 17:30) Posted:
12 August 2011
1.023 Million shares
Buy In S$0.830 ~ S$0.870
Tuesday: 16 August 2011 CLOSING S$0.870 |
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12 August 2011
1.023 Million shares
Buy In S$0.830 ~ S$0.870
Tuesday: 16 August 2011 CLOSING S$0.870
We highlight Technics Oil & Gas, a regular accumulator, and two first-time buyers: GMG Global and the chairman of Otto Marine.
Executive chairman Robin Ting (left) showing guests around the new Technics jetty at its yard in Loyang. Photo by Leong Chan Teik
Technics Oil & Gas has proven to be a consistent buyer of its shares. Its chairman Robin Ting and executive director David Tay also have been buying.
In the latest episode, the company bought back 1.023 m shares, bringing its total treasury shares to 7.763 million.
This is a significant accumulation, considering that the shares were acquired at the 80 cent-$1.00 range.
| Market panic: Buying by TECHNICS OIL, GMG GLOBAL, OTTO MARINE |
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Written by Leong Chan Teik
Monday, 15 August 2011 11:03
IN THE recent sharp market downturn, a number of companies and major shareholders have done what they deem to be rational -- buy their stock at bargain prices.
We highlight Technics Oil & Gas, a regular accumulator, and two first-time buyers: GMG Global and the chairman of Otto Marine.
Executive chairman Robin Ting (left) showing guests around the new Technics jetty at its yard in Loyang. Photo by Leong Chan Teik
Technics Oil & Gas has proven to be a consistent buyer of its shares. Its chairman Robin Ting and executive director David Tay also have been buying.
In the latest episode, the company bought back 1.023 m shares, bringing its total treasury shares to 7.763 million.
This is a significant accumulation, considering that the shares were acquired at the 80 cent-$1.00 range.
Apart from putting down cash for its stock, Technics has been paying significant dividends to shareholders. In the recent 3Q result announcement, it said it would pay 3 cents a share.
This, on top of a 3-cent and 6-cent dividend payout paid after the 2Q and 1Q results, respectively.
Recent story: TECHNICS OIL & GAS: High dividend yield, wide gross margin
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can reach 107 tomorrow?
perhaps got sizeable dividends on the cards?
Technics Oil & Gas Ltd (TGH SP S$1.02) |
Technics has fixed the offer price of its TDR at NT$11.70 (S$0.51 for each TDR), with every two TDRs representing one ordinary share. The company expects to raise an estimated S$13.2m from the proposed issue. |
/cimb
TechnicsO& G: Update on TDR listing. Issue price at NT$11.70 (approx $0.51) for each TDR. Every 2 TDRs will represent 1 share, which is equivalent to approx $1.02 per share, a premium of ~1% to closing yday at $1.01. Of the 80m TDRs issued, the underwriter will retain 8m and issue 64.8m to institutions and priv individuals. Remaining 7.2m TDRs will be offered through a public subscription.
Est proceeds of NT$304.2m (S$13.2m) will be raised to partly repay borrowings and reduce gearing.
Technics Oil & Gas (TECH.SI) said on Friday it plans to raise about NT$304.2 million ($13.2 million) through issuing Taiwan depository receipts at NT$11.70 each.
Why is there no rating for this counter?
tonylim ( Date: 04-Feb-2011 18:55) Posted:
collected my six cents dividend and waiting for it to move above 1.20
tonylim ( Date: 06-Jan-2011 21:27) Posted:
| The TP was 1.20 before the oil price hike. Company is profitable with good dividend yield. There is upside potential unless the market sentiment turns ba |
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collected my six cents dividend and waiting for it to move above 1.20
tonylim ( Date: 06-Jan-2011 21:27) Posted:
The TP was 1.20 before the oil price hike. Company is profitable with good dividend yield. There is upside potential unless the market sentiment turns bad
tea444u ( Date: 06-Jan-2011 20:37) Posted:
Hi Mr Lim, so how still safe can buy ? me only let a bit of bullets. help ! need to make the best choice if possible., help! |
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The TP was 1.20 before the oil price hike. Company is profitable with good dividend yield. There is upside potential unless the market sentiment turns bad
tea444u ( Date: 06-Jan-2011 20:37) Posted:
Hi Mr Lim, so how still safe can buy ? me only let a bit of bullets. help ! need to make the best choice if possible., help!
tonylim ( Date: 06-Jan-2011 20:14) Posted:
| Everyday inching it way up to 1.2 |
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Hi Mr Lim,
so how still safe can buy ? me only let a bit of bullets. help ! need to make the best choice if possible., help!
tonylim ( Date: 06-Jan-2011 20:14) Posted:
Everyday inching it way up to 1.20
tea444u ( Date: 06-Jan-2011 16:11) Posted:
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Everyday inching it way up to 1.20
tea444u ( Date: 06-Jan-2011 16:11) Posted:
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this one can still buy?
Watch out for this fast rising stock.
tonylim ( Date: 28-Dec-2010 14:09) Posted:
Seems like it starts moving towards the TP of 1.20
tea444u ( Date: 19-Aug-2010 20:32) Posted:
| ok thankyou for response... will see what to do ... yah the lack of pjs would be dent on px down the road so how to keep long and how can they maintain div policy like dat so therein the uncertainty... hmm. i think maybe focus short run first... if like Mr HAlumas says 93 is imminent ... then reaching around 87 should not be a problem upon CD? |
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Seems like it starts moving towards the TP of 1.20
tea444u ( Date: 19-Aug-2010 20:32) Posted:
| ok thankyou for response... will see what to do ... yah the lack of pjs would be dent on px down the road so how to keep long and how can they maintain div policy like dat so therein the uncertainty... hmm. i think maybe focus short run first... if like Mr HAlumas says 93 is imminent ... then reaching around 87 should not be a problem upon CD? |
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ok thankyou for response... will see what to do ... yah the lack of pjs would be dent on px down the road so how to keep long and how can they maintain div policy like dat so therein the uncertainty... hmm. i think maybe focus short run first... if like Mr HAlumas says 93 is imminent ... then reaching around 87 should not be a problem upon CD?
They're running out of sizeable projects, so they urgently need new projects to improve their order book. There are two possibilities:
1. They get some new projects and make announcement accordingly. Each of these announcements lifts the price up, >$1 is not a problem.
2. They fail to get any sizeable project by year end, the price starts to slide as time goes by, and may plunge in 2011 since this year is their best performing year so far.
Given the messages released in the financial reports, I'm betting on the first case. If the tune of the messages starts to change, I'll run.
tea444u ( Date: 19-Aug-2010 17:17) Posted:
| this one ok to get at current prices? i missed buying at 80 and 82... really .. |
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