Eastern Holdings

ST bought more:

212 lots @ 24.5 cents on 2 Aug

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Just to confirm, is ST allowed to buy from the market all the way until public float is less than 90%? Thanks!

I really hope minority shareholders should stop selling to ST. Selling to ST at this juncture - even at the latest price of $0.245/share which its higher than his last GO price - is utterly stupid, bearing in mind it is still his intention to privatize Eastern Holdings, and soon or later he will be making a 2nd attempt.

For those minority shareholders who choose to sell or are in need of cash, I think they should learn to be more patient and queue at higher prices, or consider borrowing against their shares and wait for ST's 2nd GO attempt.

How long does it take to buy 24m shares from
Open market at a rate of 200k shares per trading
day?

Very long.

Substantial shareholders are finally thinking. IMO, at 11.25am, the current selling price of 33 cents (for 1,165,000 shares) still undervalues the company by at least 30% but it is at the very least a much fairer price

but is ST drags and drags this whole thing out for the next few years... comes outs with all the negative tricks.. (little/no dividends..etc) .... what can we do??! :O

(19-08-2013, 06:51 PM)brattzz Wrote: but is ST drags and drags this whole thing out for the next few years... comes outs with all the negative tricks.. (little/no dividends..etc) .... what can we do??! :O

Aiyo then why would he be buying shares at 24.5 cents now?

(19-08-2013, 11:25 AM)safetyfirst Wrote: Substantial shareholders are finally thinking. IMO, at 11.25am, the current selling price of 33 cents (for 1,165,000 shares) still undervalues the company by at least 30% but it is at the very least a much fairer price

Gosh, this information is very critical, can be a substantial shareholder
is saying to the whole market, this is what EHL is WORTH at least.

ST recent purchases so far:

2013-08-20 : 162 lots @ 24.5 cents
2013-08-16 : 155 lots @ 24.5 cents
2013-08-13 : 12 lots @ 24.5 cents
2013-08-12 : 64 lots @ 24.5 cents
2013-08-06 : 273 lots @ 24.5 cents
2013-08-05 : 31 lots @ 24.5 cents
2013-08-02 : 212 lots @ 24.5 cents
2013-07-31 : 165 lots @ 24.2 cents

ST bought 1,076 lots over 3 weeks.

Total volume over the same period is 1,842 lots

ST recent purchases so far:

2013-08-20 : 162 lots @ 24.5 cents
2013-08-16 : 155 lots @ 24.5 cents
2013-08-13 : 12 lots @ 24.5 cents
2013-08-12 : 64 lots @ 24.5 cents
2013-08-06 : 273 lots @ 24.5 cents
2013-08-05 : 31 lots @ 24.5 cents
2013-08-02 : 212 lots @ 24.5 cents
2013-07-31 : 165 lots @ 24.2 cents

ST bought 1,076 lots over 3 weeks.

Total volume over the same period is 1,842 lots

ok, so he needs 24 millions or 24,000 lots right?

Ya. Need about 100-200 trading days.

And it will get more difficult as there are less weak hands.