Straco -- gem?

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20 Apr 2011 14:02 #5735 by pine
Straco -- gem? was created by pine
I remember reading some posting on Straco in this forum but I can't find it. Anyway, this stock is looking interesting because of the chairman & his spouse are buying and there is also a company share buyback. Around 17 cents. Damn big cash flow. Profitable and sustainable business of operating the Shanghai Ocean Aquarium. Am vested - small stake while i read up more.

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21 Apr 2011 22:16 #5760 by Rich
Replied by Rich on topic Straco -- gem?
Is Straco an S-chip? The chairman's name doesnt sound like China Chinese.

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26 Apr 2011 05:10 #5800 by pine
Replied by pine on topic Straco -- gem?
Massive share buyback today by the company. Very positive sign.  even though the stock price has not shot up.

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13 Jun 2011 04:04 #6264 by pine
Replied by pine on topic Straco -- gem?
Even if the stock market gets bad, Straco price is likely to stay resilient because of the company's trend of buybacks. The last buyback was last Friday. It bought back 248,000 shares at 17.5 cents. The business is highly cash-generating as it collects cash from visitors to its Shanghai Ocean Aquarium and other attractions.

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14 Jun 2011 00:25 #6276 by pine
Replied by pine on topic Straco -- gem?
What did I say earlier?
True to form, Straco did a buyback today.... Just announced.....200,000 shares at 17.5 cents. This is the line of defence. Cannot go below.

Straco's purchase today is the only 200 lots transacted today. Panicky seller?

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22 Jun 2011 22:48 #6394 by pine
Replied by pine on topic Straco -- gem?
Straco is an unusual performer ....now 18.5 cents on vol of 296,000. previously illiquid, dont know why it woke up except that its cash business is attractive.

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