Serial System

When management is committed to buy back shares, the market will sense this and join in. Serial now 10.7 cents. Agree that S-chips are so lacking in this aspect. Can't their IDs and CFOs wake the CEO up?

11.4 cents now! Up 14% in a single morning.

The share buyback scheme was just approved at the recent AGM and has indeed been put to good use right away!
[url=http://www.nextinsight.net
/story-archive-mainmenu-60/916-2012/5207-serial-system-]SERIAL SYSTEM: Lots of business insights shared at AGM[/url]

Bought back another 424,000 shares today.

SERIAL SYSTEM substantial shareholder Goi Seng Hui made his first on-market trade since April 2010, buying 3.762 million shares on June 19 at an estimated 10.6 cents each.

This increased his holdings (direct and deemed) to 99.052 million shares or 11.06 per cent.

The stock had rebounded by 21 per cent from 8.8 cents on May 15. Despite the rebound, the counter, which closed at 10.5 cents on Friday, is still down since 2H February from 12.6 cents.

Sam Goi had acquired 4.58 million shares in April 2010 at an estimated price of 11 cents each and 226,000 shares in January 2005 at an estimated price of 15.5 cents each. (BT)

Sam Goi's purchase has proven to be clever. Serial stock now top volume, and up 8.3%. Currently 11.8 cents.

Derek Goh bought 3,300,000 shares of Serial today at 10.537 cents a share.

His purchase accounted for 91.9% of the 3,590,000 shares traded.