Chip Eng Seng

Share buyback again today - another 800 lots at 97 cents exact

Why with frequent share buyback, price still stuck at this level?

(02-04-2015, 06:02 PM)Curiousparty Wrote: Share buyback again today - another 800 lots at 97 cents exact

because it is a "gone-case" counter like what many experts such as Blue K. , Westin, etc had pointed out

(02-04-2015, 06:12 PM)mslee888 Wrote: Why with frequent share buyback, price still stuck at this level?

(02-04-2015, 06:02 PM)Curiousparty Wrote: Share buyback again today - another 800 lots at 97 cents exact

http://www.nextinsight.net/index.php/sto...re-buyback

Since the release of FY2014 results in Feb 2015, company had bought back a total of 4.8 mil of shares at 97 cents.
The quantum is comparable to the last round of share buyback below 80 cents and below 90 cents...

Ahead of the TOP of Alex hotel (which is now), think can expect CES to continue to buyback its shares aggressively...

So now, looks like 10 cts dream price remains a dream?
Can I buy some more at this level or wait ?
Appreciate your advice ......

I thought this was valuebuddies? Why are people so concerned over why the share price is staying at a particular level for a month?

If you think CES is undervalued, you should be happy that the share price is low as it allows the company to buy back stock at a discount. Right now every purchase they make is increasing the NAV of remaining shares. You also have the option to purchase more yourself.

If you think its overvalued, then you should sell.

If you don't have an opinion on value and are just complaining the share price is stuck then you are not a value investor.

roxhockey Wrote:I thought this was valuebuddies? Why are people so concerned over why the share price is staying at a particular level for a month? If you think CES is undervalued, you should be happy that the share price is low as it allows the company to buy back stock at a discount. Right now every purchase they make is increasing the NAV of remaining shares. You also have the option to purchase more yourself. If you think its overvalued, then you should sell. If you don't have an opinion on value and are just complaining the share price is stuck then you are not a value investor.

Obviously there are jealous people who like to continue to talk down without strong basis ever since the share price was below 80 cents , below 90 cents and now below $1. They might have missed the boat . By the time they finished talking down the stock , people would have made money a few rounds and left liao

Of course have to thank all these people who have made the forum more interesting . Sometimes like what Oldman said in Hokkien , "Ni GONG SI MI"....

If want to talk down , pls go and find some irrefutable evidence that company is in trouble and overvalued . If u have doubt , just ask all your friends to sell off, I'm sure company will be more than happy to buy back ...

Great minds think alike, Fools seldom differ !

In CES , together we stay in the former but not the latter.

It was confusing for me as a newbie but now I see….
I may be new and ignorant and it took me a while to correctly understand the reversed approach gurus were taking.

So all of us literally meant the same point, CES is an excellent stock.

We meant well.
We were gracious responsible members.
We did not propagate.

I am not saying that we must only talk good about each counter on this VB platform.
That would be meaningless.
We hope to read about criticisms which are authentically sustainable and not just spreading fear for any evil intent.
We shall encourage diversity & controversy and be competent to gladly take on any critics with responsible arguments and just ignore any noise that comes along.

Perhaps, there was a misunderstanding. Nobody was talking down CES.
May I help those who had expressed concerns on CES prices be stagnant to clarify that it should not be misinterpreted as talking down prices.
I would interpret it as insecurity or lack of confidence.
This is perfectly normal and inevitable, due to a lack of adequate due diligence.
This insecurity and impatience can be addressed by just going deeper into CES latest financial report.
If time allows, it can further be enhanced by going into LKH, Wee Hur, Tuan Sing, Koh Bros and Lee metal.

In terms of price, they were all equally stable , in other words , stagnant.
In terms of book, fundamentally, CES is comprehensive and the most convincing.
However, nobody can assure anyone when and where the price is moving.
I am taking some calculated risk together with you guys towards a decent return.
I bet, CES (being so highly undervalued) can only go North eventually.

Last few weeks ( prior LKH announcement) I used to think LKH would be a close fight for the champ in my small basket and would serve me well for diversification.
Unfortunately, LKH didn’t make it that close to CES, though both were having record breaking results (which are highly unlikely to repeat itself in the coming year or two).
There was nothing wrong with LKH but CES’ result was just unbeatable.

Having said all that, I am a humble investor who is always receptive and anxious to read about opposing opinions and facts of CES.

Hope buddies will offer another good comparable or substitute, for some diversification of funds, as any overconfidence in a single counter is risky and unhealthy.

(03-04-2015, 03:57 PM)$wise Wrote: Perhaps, there was a misunderstanding. Nobody was talking down CES.
May I help those who had expressed concerns on CES prices be stagnant to clarify that it should not be misinterpreted as talking down prices.
I would interpret it as insecurity or lack of confidence.
This is perfectly normal and inevitable, due to a lack of adequate due diligence.
This insecurity and impatience can be addressed by just going deeper into CES latest financial report.
If time allows, it can further be enhanced by going into LKH, Wee Hur, Tuan Sing, Koh Bros and Lee metal.

In terms of price, they were all equally stable , in other words , stagnant.
In terms of book, fundamentally, CES is comprehensive and the most convincing.
However, nobody can assure anyone when and where the price is moving.
I am taking some calculated risk together with you guys towards a decent return.
I bet, CES (being so highly undervalued) can only go North eventually.

Last few weeks ( prior LKH announcement) I used to think LKH would be a close fight for the champ in my small basket and would serve me well for diversification.
Unfortunately, LKH didn’t make it that close to CES, though both were having record breaking results (which are highly unlikely to repeat itself in the coming year or two).
There was nothing wrong with LKH but CES’ result was just unbeatable.

Having said all that, I am a humble investor who is always receptive and anxious to read about opposing opinions and facts of CES.

Hope buddies will offer another good comparable or substitute, for some diversification of funds, as any overconfidence in a single counter is risky and unhealthy.

All stocks go through their lulls. Its important that we agree with the business model before taking the plunge/ dive/ dip.

In the long run, the value of a stock is a function of the business. Those who had been vested in Serial Systems probably seen one of the worst plunge in the counter price, but today, the stock appreciated 100% over a span of 2-3 years. If one were not believe in the business, they would have taken flight when the prices fell to the pit. (moi not vested in it, unfortunately).

We could do better discussing the business and outlook, rather than merely looking at price. If one wishes to see price, there is the broker's online platform.

Personally, CES still forms the biggest pie in my portfolio. I do not lose sleep or appetite over the price. If I wanted to bet and gamble, I would take my spare change and not my investment pot.

PS: Lets talk less price and more fundamentals. Its been days that the price thing has been dangling in this thread.