Penguin International

I got more at $0.255, feeling satisfied!

price action has been rather weak for the past few trading sessions. Noticed Big lots selling. Stay cautious.

Still Vested

(02-09-2014, 06:08 PM)mslee888 Wrote: price action has been rather weak for the past few trading sessions. Noticed Big lots selling. Stay cautious.

Still Vested

Focusing too much on price trend, will make you restless, and subsequently make irrational decision(s).

(vested)

(02-09-2014, 09:32 PM)CityFarmer Wrote:

(02-09-2014, 06:08 PM)mslee888 Wrote: price action has been rather weak for the past few trading sessions. Noticed Big lots selling. Stay cautious.

Still Vested

Focusing too much on price trend, will make you restless, and subsequently make irrational decision(s).

(vested)

And that will be how value investors like us in this forum can get to pick up this delicious counter at low prices.

People usually associate shares buy-back or directors/CEO/CFOs buying of shares as a good sign of things to come for the company.

However, as I look through, there hasn't been such buying through the recent years, where growth has been at its strongest. Or is there anything I'm missing out?

Note that I'm not indicating any weakness (I'm still vested and bullish on this).

IIRC, the boss of Popular has been buying back the company shares in recent years, but the financial performance of the company, and also its share price, has been lacklustre.

There are two sides to every coin. While there is no insider buying in recent years, there is also no insider selling either. The three key executives, Jeffery Hing, James Tham and Tung May Fong hold shares of the company for many years. A check on the past years AR indicates that in the year 2009, James Tham’s shares increased from 375K to 2,000K. Tung May Fong’s shares increased from 62.5K to 154.5K. Jeffery Hing, who has been the single largest SH for many years, increased his shareholding from 115.9 millions to 130 millions. In 2009, Penguin shares went down to as low as $0.05, and traded at about $0.16 as at Dec 2009. Thus the three of them are now sitting on huge paper gains, but yet, none of them are selling. Can we conclude that they are confident that the prospect of Penguin is bright and the shares price has further room to rise? Anyone wants to sell when these insiders are still holding on preciously to their shares?

Agreed with Ben, buy on dips,

Jeffery Hing has got good track record!

(04-09-2014, 07:20 PM)brattzz Wrote: Agreed with Ben, buy on dips,

Jeffery Hing has got good track record!

Can you share with us Hing's track record? Thanks.

easily googled sir!

http://www.penguin.com.sg/about-us/corpo...directors/
Please also see the ARs from 2009 to 2010 onwards!

I have been purchasing penguin shares. And most of the time it is Philips who sold it to me. Does any1 know if philip brokerage has any link to any of the top 20 shareholder or affiliation to penguin. Otherwise my gut feel is many ppl at Philips are shorting this stock