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Share buy back yesterday for 200,000 shares at $1,78. It looks like WT will buy back as the price slide down. So far WT has buy back 2689K shares. It can buy back up to about 72000K shares.
Yah. Now no support liao. Anything is possible.
the last time it ever reached $1.20 was on 22 Nov 2005 (tt's almost 3 years ago)
cathylmg ( Date: 04-Jun-2008 16:15) Posted:
This one proberly I will wait for 1.20. If it ever comes. |
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This one proberly I will wait for 1.20. If it ever comes.
Singaporegal is right. Bearish. MA and Williams showed bearishness. If you are a contrarian, you can get ready to go in. The question is when? Maybe wait for MA to cross first, to be more sure.
The surge in volume in 30 May looks very suspicious. The stock ended up flat that day.
The trend looks to be heading south. Price cut below the bollinger band. Not a good sign.
this counter had been going sidetrending since mid-Jan to May...and now it suddenly just go downwards continuously
So what is the implication when there is buy-back of shares? Mind to share?
Alligator ( Date: 01-Jun-2008 23:13) Posted:
cathylmg, when buy back share from open market, then transfer to treasury , you can read this from their announcement I copy there for reading.
Footnotes
All
shares purchased will be held as treasury shares. Including these
shares, Wing Tai now holds a total of 2,489,000 treasury shares.
gnoik14, the buy back volumn is too low to affect share price, this buy back is only 50,000 share. market transaction for the day was 15,725,000 shares.
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cathylmg, when buy back share from open market, then transfer to treasury , you can read this from their announcement I copy there for reading.
Footnotes
All
shares purchased will be held as treasury shares. Including these
shares, Wing Tai now holds a total of 2,489,000 treasury shares.
gnoik14, the buy back volumn is too low to affect share price, this buy back is only 50,000 share. market transaction for the day was 15,725,000 shares.
What is the implications when a share buy back happen?
wat the purpose of shares buy back? will the shares go up?
If yes, i will go in tml
| Name of Announcer * |
WING TAI HLDGS LTD |
| Company Registration No. |
196300239D |
| Announcement submitted on behalf of |
WING TAI HLDGS LTD |
| Announcement is submitted with respect to * |
WING TAI HLDGS LTD |
| Announcement is submitted by * |
Gabrielle Tan |
| Designation * |
Company Secretary |
| Date & Time of Broadcast |
30-May-2008 18:11:42 |
| Announcement No. |
00144 |
| The details of the announcement start here ... |
| |
Name of Overseas Exchange where Company has Dual Listing (if applicable) |
|
| (A) Share Buy-Back Authority |
| I. |
Maximum number of shares authorised for purchase* |
72,095,960 |
| (B) Details of Purchases Made |
| I. |
Purchases made by way of market acquisition |
Yes
|
| If answer to the above question is Yes, please fill in the following : |
 |
|
Singapore Exchange |
Overseas Exchange |
| 1 |
Date of Purchases |
30-05-2008 |
|
| 2 |
Total number of shares purchased |
50,000 |
|
| 3a |
Price paid per share#; or |
Currency : S$
Amount : 1.80
|
Currency : [Select Currency]
Amount :
|
| 3b |
Highest price per share# |
Currency : [Select Currency]
Amount :
|
Currency : [Select Currency]
Amount :
|
| |
Lowest price per share# |
Currency : [Select Currency]
Amount :
|
Currency : [Select Currency]
Amount :
|
| 4 |
Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# |
Currency : S$
Amount : 90,238.34
|
Currency : [Select Currency]
Amount :
|
| II. |
Purchases made by way of off market acquisition on equal access scheme? |
No
|
| If answer to the above question is Yes, please fill in the following : |
|
|
Singapore Exchange |
Overseas Exchange |
| 1 |
Date of Purchases |
|
|
| 2 |
Total number of shares purchased |
|
|
| 3 |
Price paid or payable per share#; or |
Currency : [Select Currency]
Amount :
|
Currency : [Select Currency]
Amount :
|
| 4 |
Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# |
Currency : [Select Currency]
Amount :
|
Currency : [Select Currency]
Amount :
|
| (C) Cummulative Purchases |
|
By way of market acquisition |
By way of off-market acquisition on equal access scheme |
Total |
|
No. |
% 1 |
No. |
% |
No. |
% |
| Cummulative no. of shares purchased to-date 2 |
2,489,000 |
0.345 |
0 |
0 |
2,489,000 |
0.345 |
1 Percentage of company's issued share capital as at the date of the share buy-back resolution
2 From the date on which the share buy-back mandate is obtained |
| (D) |
Number of issued shares after purchase* |
793,343,860 |
| Footnotes |
| All shares purchased will be held as treasury shares. Including these shares, Wing Tai now holds a total of 2,489,000 treasury shares. |
|
the straits time (today) talks about fashion store, wingtai is one of them... FJ benjamin also...
it is now at the lowest price 1.82.
Yes 0.40 can happen. Nobody knows. It happened before during Sars at about that price!! If it happens, do not forget to grab as many as we can. Good 2nd liner. Higher volatile and can be greatly rewarded if cathc low, wait and sell very high. All the best.
their IPO is dead long ago.. i thought it would be dirt cheap like 0.40..
If I am not wrong, the IPO price was S$3.60...
No matter how its FA, it is a sell down counter now. Pls keep updating if you have anymore info. But in the meantime, good to avoid this counter.
TA shows down trend with high volume. Not sure what is up but good to avoid according to TA. Anyone knows what happens to this? Note that this counter is very sensitive to economy. Long overdue to break the $2 support. I was surprised it held so well but it has broken the support. I think it is the property segment that is holding it well but lately property has not been doing very well. Not sure of the IPO prize but in 2004, 60cents.
My advice is to avoid until signals are clearer.
That was a profit drop?
