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Stamford Land
26-10-2018, 05:08 PM.
Post: #2001
RE: Stamford Land
(26-10-2018, 04:32 PM)money Wrote:
(26-10-2018, 03:55 PM)david liu Wrote:
(25-10-2018, 12:37 PM)weijian Wrote:
(20-10-2018, 05:37 PM)tonylim Wrote:
(19-10-2018, 12:32 PM)slingshotpro Wrote: Seems like they are reluctant to do share buy back at $0.50 and above

No reason for them to buy aggressively if their intention is to use this sbb mandate to strengthen their holding and position. At most they will just buy back at this level .

It would be prudent to do share buy back cheaply and as a result, benefit remaining (long term) shareholders via an increasing share of the pie. It is well documented that companies generally do share buybacks when they are flush in cash (which coincide with good times/high stock prices) and when one is in good times/high stock prices, the mind tricks are abit hard to navigate past. I work in a company that announced a multi billion share buyback some months back. In retrospect, the share price then was at a high and has since tumbled ~40% at writing.

Personally i think it is prudent of SL Management to have some sort of ceiling. For any company in which i have a stake in, my desired results of a SBB program is not a short term increase in share price, but actually the gradual increase in the share of the pie, which has a high probability of translating to higher per share metrics (earnings --> book value --> free cash --> dividends) in the longer run.

Berkshire Hathaway also sets a ceiling price in terms of 1.2X book value on how much they will pay, although recently, they removed the restriction.

SBB program is executed well through SL management. we should thank the SBB program and SL management that SL share price is still stable under the heavy drop of wall street and Asia market. as we knew if there were not SBB program, SL share price would follow the market drop. do we want to see this kind of result ?
haha machiam got crystal ball, can even know the reason for the stability of the SL share price, there are easily more than 100 counters listed on SGX that didnt show a drop for the past few days, yet they didnt have any SBB program

Exactly ! Some without ssb are also holding so well . Starhill Global is one of them !

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26-10-2018, 05:20 PM.
Post: #2002
RE: Stamford Land
Well this is....called confirmation bias.

Personally, i feel perplexed that, shareholders who r not selling out, feel happy that share price is maintained.

Well, if i were not selling out now, it probably means i am a long term shareholder. If i am in for the long term, i will be happy that share price drops in the short term and the company is able to buy favorably from Mr Market. The end result is more shares can be bought with the same resources and translates to a bigger share of the pie for me who will be hanging around.

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31-10-2018, 10:38 AM. (This post was last modified: 31-10-2018, 06:14 PM by Stocker.)
Post: #2003
RE: Stamford Land
(09-10-2018, 09:54 AM)tonylim Wrote:
(04-10-2018, 03:47 PM)valueinvestor Wrote:
(04-10-2018, 02:08 PM)xlandjy Wrote:
(03-10-2018, 11:47 PM)pianist Wrote: Personally I find mano speech always dragging n meaningless.
Always repeating the same on dividends scrip shares trying to act like a chef.
As a shareholder I vote with my shares not his finance 101 theory
He can sell his shares as a non controlling passive investor why make so much noise
I have attended agm and heard the views and comments of Mano.  I think he spoke for me and other fellow shareholders.  His views were pertinent and relevant. I support Mano and I hope that he will continue to hold the shares of Stamford land and continue to speak out for me and my friends, who are also shareholders. 
In fact, my friends and I are looking forward to contribute a token to show our support on Mano's effort in fighting opppression.

Those who attended the AGMs of Starhill Global should have witnessed how Mano grilled the management and how the Chairman , Francis Yeoh handled his questions, most of the time , Mano will end up praising Mr . Francis Yeoh for his patience and cultured response ! Those who doesn't know how to conduct a professional AGM,  can always  learn from Mr. Francis Yeoh !

I tend to agree with this statement !   Francis Yeoh used words to handle tough questions , not legal threats  . He has been chairing AGMs /EGMs of more than 5 public listed companies and certainly faces more minority shareholders than many others .

Attended the AGM of SGReit yesterday , it was one of the most professionally ( if not the most ) conducted AGM . The management really treated the small shareholders as shareholders . Many '' Mano " were there to ''grill ''  them , but the management , especially Chairman Mr. Francis Yeoh was still very cordial to them . At no time , was there any slightest unfriendly manner towards the attendees .
Mr. Francis Yeoh even apologized few times for  the delay of  distribution of the voting machines  and the squeezy room ,  because of the unexpected increase ( 20 to 30% more ) of attendees , he promised they would cater for a room for more than 500 people next year .
A real surprise to see a man  who is worth US$2.4 billions with his siblings by Forbes , is so cultured and humble to the small investors .

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31-10-2018, 05:18 PM.
Post: #2004
RE: Stamford Land
The yardstick of the 'richness' a person have is how well you treat other people who may not be at the same level as you - financially, intellectually and socially.

Same applies to companies haha..  Big Grin
(Not a recommendation to buy or sell, just stating facts)

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