Duty Free Share Buyback and Berjaya Waterfront

divads
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9 years 9 months ago #20487 by divads

Replied by divads on topic Duty Free Share Buyback and Berjaya Waterfront

duty free remains one of the laggards. Potentially > 40 cents once it's turn comes

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divads
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9 years 8 months ago #20605 by divads

Replied by divads on topic Duty Free Share Buyback and Berjaya Waterfront

Duty Free International share buyback started. Has been buying back for the last few days.

If it continues for more than 2 weeks, perhaps we get to see a repeat of 2012. Lets hope so.

nextinsight.net/index.php/story-archive-...uying-back-of-shares

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divads
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9 years 8 months ago #20617 by divads

Replied by divads on topic Duty Free Share Buyback and Berjaya Waterfront

looks like is forcing the 30 cents seller to sell at 29.5 cents. If buyback can continue for 2 more weeks, then a chance of breakout will be high

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9 years 8 months ago #20640 by divads

Replied by divads on topic Duty Free Share Buyback and Berjaya Waterfront

Share buyback continues... yesterday bought back 499 lots at 30 cents.

If this continues, you will see a repeat of 2012

nextinsight.net/index.php/story-archive-...uying-back-of-shares

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9 years 8 months ago #20655 by divads

Replied by divads on topic Duty Free Share Buyback and Berjaya Waterfront

buyback is going on still.. from starting of 29 cents last week, becoming 29.5 cents. Now into 30 cents buyback..

They can only buyback at 105% of the previous 5 days average, so they have to do it slowly.

Quote from annual report:
“Maximum Price” in relation to a Share to be purchased, means an amount (excluding brokerage, stamp duties, applicable goods and services tax and other related expenses) not exceeding:
(i) in the case of a Market Purchase: 105% of the Average Closing Price;
(ii) in the case of an Off-Market Purchase: 120% of the Highest Last Dealt Price, where: “Average Closing Price” means the average of the closing market prices of a Share over the last five market days, on which transactions in the Shares were recorded, preceding
the day of the Market Purchase, and deemed to be adjusted for any corporate action that occurs after the relevant 5-day period;