Keppel Limited

Another 800k bought back today.

http://infopub.sgx.com/Apps?A=COW_CorpAn...JApuSuUe0g

(16-12-2014, 05:27 PM)BlueKelah Wrote:

(16-12-2014, 05:22 PM)Bibi Wrote: I have watched what various companies management do during the last recession. It will start with using company cash to buy back shares. After that when it drops further, the directors will start to buy. After that when it plunge further, no more action from them. Then u can start to buy. .[/align]

Good observation, usually when stock drop until lows and not much volume or action is a good guide for accumulation. Trick is to be prepared with cash to load up when that happens.

Not vested in keppel but employing similar strategy for other stocks

via Galaxy Tab S with Tapatalk

Agreed.
The problem is, (always got problem one) will it repeat? i think no "Black Swan" no repeat. Now i see only a few swallows fly doesn't made a summer. The directors don't have to behave like us retailers. They have got money to burn. not worth for them to buy now a little by little.

how much money can Kepcorp throw in to support their share price?
can kepcorp go against the general market downtrend?

will another US$100 million be enough? or US$200 million? we DO NOT know, can we now say for a fact that the market can stay irrational, longer than kepcorp?

Kepcorp = deep pockets!

Let see how this works out!

Oil is below US$60 today,
OPEC said it will not cut production until US$40 or less per barrel!
Something has to give!!

I think Keppel probably throw in money too early, as can see from the chart $7.70 and S$6.70 being the strong support level, perhaps Keppel like the number "8" psychologically. I would consider to get some of it when it goes below 7 dollar. Pretty confident that it will happen once the deep pockets got no coins left.

(16-12-2014, 09:50 PM)brattzz Wrote: how much money can Kepcorp throw in to support their share price?
can kepcorp go against the general market downtrend?

will another US$100 million be enough? or US$200 million? we DO NOT know, can we now say for a fact that the market can stay irrational, longer than kepcorp?

Kepcorp = deep pockets!

Let see how this works out!

Oil is below US$60 today,
OPEC said it will not cut production until US$40 or less per barrel!
Something has to give!!

US$100m is probably equivalent to 17.5m shares based on share price of 7.50 each (yes, lower than the current price because it is on downtrend). Average buyback volume for the last 5 sessions = 670k shares per day. Base on this figure, 100m would last for 26.12 days, which typically drag until mid of January, if Keppel do buyback every trading day at similar pace.

Another thing to note, the last share buy back in year 2000 cost Keppel less than SGD100m, so what do you guys think?

Malaysia Capital Dynamics founder Tan Teng Boo last time say during an interview that he will buy when KepCorp is S$3.50.

(16-12-2014, 05:22 PM)Bibi Wrote: I have watched what various companies management do during the last recession. It will start with using company cash to buy back shares. After that when it drops further, the directors will start to buy. After that when it plunge further, no more action from them. Then u can start to buy. .[/align]

I noticed that 2 directors have committed ~800k each to purchase 100lots for the past week. Somehow, the directors have that 'honor' to use their cash TOGETHER with the company's

(17-12-2014, 12:57 AM)weijian Wrote:

(16-12-2014, 05:22 PM)Bibi Wrote: I have watched what various companies management do during the last recession. It will start with using company cash to buy back shares. After that when it drops further, the directors will start to buy. After that when it plunge further, no more action from them. Then u can start to buy. .[/align]

I noticed that 2 directors have committed ~800k each to purchase 100lots for the past week. Somehow, the directors have that 'honor' to use their cash TOGETHER with the company's

How is this 800k size to them considering their annual compensation will be an important consideration.

Appreciate your assistant to provide a link the the video.

(16-12-2014, 11:00 PM)Bibi Wrote: Malaysia Capital Dynamics founder Tan Teng Boo last time say during an interview that he will buy when KepCorp is S$3.50.

(17-12-2014, 07:50 AM)corydorus Wrote:

(17-12-2014, 12:57 AM)weijian Wrote:

(16-12-2014, 05:22 PM)Bibi Wrote: I have watched what various companies management do during the last recession. It will start with using company cash to buy back shares. After that when it drops further, the directors will start to buy. After that when it plunge further, no more action from them. Then u can start to buy. .[/align]

I noticed that 2 directors have committed ~800k each to purchase 100lots for the past week. Somehow, the directors have that 'honor' to use their cash TOGETHER with the company's

How is this 800k size to them considering their annual compensation will be an important consideration.

Agree that relative to their net worth or income is an important consideration

That said, we have to remember the adage there are many reasons for insiders to sell, but only one to buy. Then again there are exceptions to the adage which IMHO Courts post IPO CEO buying is a good example, or others who "need" to signal the market for higher stock price to obtain certain "objectives"... Heshe stock comes to mind.

That's my general experience and observation on the broad market. Keppel is a blue chip

Companies buyback is a good sign but still OPM. Insiders buying is a better sign. My friend said wife buying is the best sign cause the guy will be haunted for life if it didn't turn out right