Eastern Holdings

[smallcaps]

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!

[dydx]

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.

[opmi]

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

Very long.

[safetyfirst]

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

[brattzz]

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

[smallcaps]

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?

[brattzz]

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.

[smallcaps]

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

[brattzz]

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?

[opmi]

Ya. Need about 100-200 trading days.

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