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.
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.
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?
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.
