Valuetronics Holdings

(10-03-2017, 10:26 AM)YMPL Wrote:

(10-03-2017, 09:11 AM)luckystar Wrote: I have owned Valuetronics for a very long time. I like the company, but I still can't understand the management logic of awarding stock options at 20% discount to market price. Seems too steep a cut at the expense of other shareholders.

I reckon the management needs to balance the reward and share dilution.

I glimpsed at 2015 AR. The ratio of share/total compensation is <10% and the 20% is the maximum discount. The ESOS scheme is also well-spread among the management team.

The company has paid more as the annual dividends than the key management compensation, including the share award. It should be pretty fair allocation, IMHO

Some shareholders also complained about this options scheme at 20% discount at the AGM. Apparently, I am not the only one thinking it is not very pleasant to the rest.

Valuetronics seems to gaining after Philips Lighting quarterly earnings on 21 Apr , their LED segment is growing

I cant seem to find other reasons why it would increase.......Hope we can share more information here

It is my first stock dividend in my short experience so I have the following question:
Ex-date is 25/05 and record is 29/05

- if I sell the shares in my portfolio tomorrow at the open, do I still get my 10% extra shares later? Or do I need to wait for 29/05?
- when will I see the 10% extra shares on my account?

Thanks in advance

(24-05-2017, 01:25 PM)noah2013 Wrote: It is my first stock dividend in my short experience so I have the following question:
Ex-date is 25/05 and record is 29/05

- if I sell the shares in my portfolio tomorrow at the open, do I still get my 10% extra shares later? Or do I need to wait for 29/05?
- when will I see the 10% extra shares on my account?

Thanks in advance

Hi Noah2013,

1) This is not Dividends, it is Bonus.

2) The Ex Date is 25.05.17 so if you've 100,000 shares and you sell them today, you may sell them at about $0.85 per share.

3) If you don't sell them today, tomorrow you'll have 110, 000 shares and the theoretical price will be about $0.77

this counter really makes me laugh..
was very lucky to get in price zone before 0.40. when it's dividend yield was 10% and net cash position.

presentation for 20181Q. A good read to understand company's business.
http://infopub.sgx.com/FileOpen/VHL-%201...eID=466764

(25-02-2015, 02:39 PM)NTL Wrote: The directors had been selling their stakes since 2009 or 2010, so this is not really surprising. Now out of the 3 key appointment holders, only the Chairman is left with most of his share unsold, and he only made a bulk sales once.

Out of all the directors sales, only happened that the CHairman's sales lead to bad news within the company. Was the sales a coincidence, or is it deliberate, I can't tell. But the rest of the bulk sales are suka suka sell. And the shares were tend to be sold when the prices were low. Sold already price also possibly goes up, next quarter revenue also possibly better, like this one.

So I will prefer to watch the Chairman's move, rather than the rest of the directors.

seems like the company has been buying back shares continuously (2016-2018) and awarding to the directors as options, and then they sell to make $. 
Is this a red flag?

(06-01-2019, 02:28 PM)growthinvestor Wrote:

(25-02-2015, 02:39 PM)NTL Wrote: The directors had been selling their stakes since 2009 or 2010, so this is not really surprising. Now out of the 3 key appointment holders, only the Chairman is left with most of his share unsold, and he only made a bulk sales once.

Out of all the directors sales, only happened that the CHairman's sales lead to bad news within the company. Was the sales a coincidence, or is it deliberate, I can't tell. But the rest of the bulk sales are suka suka sell. And the shares were tend to be sold when the prices were low. Sold already price also possibly goes up, next quarter revenue also possibly better, like this one.

So I will prefer to watch the Chairman's move, rather than the rest of the directors.

seems like the company has been buying back shares continuously (2016-2018) and awarding to the directors as options, and then they sell to make $. 
Is this a red flag?

Did they sell?

(06-01-2019, 04:19 PM)DCF Wrote:

(06-01-2019, 02:28 PM)growthinvestor Wrote:

(25-02-2015, 02:39 PM)NTL Wrote: The directors had been selling their stakes since 2009 or 2010, so this is not really surprising. Now out of the 3 key appointment holders, only the Chairman is left with most of his share unsold, and he only made a bulk sales once.

Out of all the directors sales, only happened that the CHairman's sales lead to bad news within the company. Was the sales a coincidence, or is it deliberate, I can't tell. But the rest of the bulk sales are suka suka sell. And the shares were tend to be sold when the prices were low. Sold already price also possibly goes up, next quarter revenue also possibly better, like this one.

So I will prefer to watch the Chairman's move, rather than the rest of the directors.

seems like the company has been buying back shares continuously (2016-2018) and awarding to the directors as options, and then they sell to make $. 
Is this a red flag?

Did they sell?

there were several records of selling

(06-01-2019, 04:20 PM)growthinvestor Wrote:

(06-01-2019, 04:19 PM)DCF Wrote:

(06-01-2019, 02:28 PM)growthinvestor Wrote:

(25-02-2015, 02:39 PM)NTL Wrote: The directors had been selling their stakes since 2009 or 2010, so this is not really surprising. Now out of the 3 key appointment holders, only the Chairman is left with most of his share unsold, and he only made a bulk sales once.

Out of all the directors sales, only happened that the CHairman's sales lead to bad news within the company. Was the sales a coincidence, or is it deliberate, I can't tell. But the rest of the bulk sales are suka suka sell. And the shares were tend to be sold when the prices were low. Sold already price also possibly goes up, next quarter revenue also possibly better, like this one.

So I will prefer to watch the Chairman's move, rather than the rest of the directors.

seems like the company has been buying back shares continuously (2016-2018) and awarding to the directors as options, and then they sell to make $. 
Is this a red flag?

Did they sell?

there were several records of selling

 
Depends on how much dividend they are paying out as well. U can consider the share buy backs an expense or part of the salary for the directors and factor/discount that into your valuations.

Probably a red flag if they do share buy back and award to directors, then the directors just accumulate more and more shares. Or if they spend a lot of spare cash on the SBB and reward all to the directors.