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bmann025,
Thanks for posting the bocom information.
I think the previous buying momentum for 1813 has collapsed. Lot of trade war news coming into the market and causing reluctance by traders to enter the market.
We have to wait until after the final dividend has been paid next month to shareholders.
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04-08-2018, 02:36 AM
(This post was last modified: 04-08-2018, 02:38 AM by soros.)
KWG paid a final divi of RMB 0.31 Yuan per share and I estimate the Chairman would have received about RMB 608 Mil yesterday.
So I am thinking he can afford to spend around RMB 2 Mil per day buying more 1813 shares .
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Under HKEX rules , the blackout period to buy and sell, for directors is 30 days before announcement of Interim results and 60 days before the Final results.
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This Bocom report failed to mention the interim dividend was raised from 10 cts last year to 25 cents this time. This should boost confidence for buyers of this share with prospect of rising dividend .
The estimated NAV is $18 and the share price is below 50% of NAV figure.
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Latest info on chairman's holding :
11 Sep 2018 : 1,979,555,652
14 Jun 2018 : 1,962,655,652
13 Jun 2018 : 1,962,355,652 ( ex div date ).
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Latest info on chairman's buying :
24 Oct 2018 : 1,984,902,652
11 Sep 2018 : 1,979,555,652
14 Jun 2018 : 1,962,655,652
13 Jun 2018 : 1,962,355,652 ( ex div date ).