21-08-2012, 05:45 PM
Following on from last Friday's postings on this Techcomp VB thread ........
Pursuant to the announced increase of Kabouter's holding in Techcomp, it was interesting to see what happened with trading in Techcomp's shares today - both on the SGX and the HKEX. Today was the first trading opportunity after Techcomp's multiple disclosures to the SGX regarding Kabouter's purchases..................
Well ........... on the SGX ................ not a single share of Techcomp was traded. Probably because Mr. Market deemed the Ask prices (lowest submitted was S$ 0.505 per share) as a bit OTT.
On the HKEX, 62,000 Techcomp shares were traded with a closing price of HK$ 2.94 (or ~ S$ 0.474 at the mid-point HK$-S$ exchange rate). The last-done HK Techcomp share price is now only ~ 3% higher than the last-done on the SGX. Today's Techcomp Ask prices in Hong Kong were more reasonable than those sought in Singapore - there were sellers remaining at the HKEX close at the HK$ 2.94 level.
Generally turnover volumes of Techcomp's shares are much higher now in Hong Kong than they are in Singapore.
Vested - in Techcomp's Singapore shares
Pursuant to the announced increase of Kabouter's holding in Techcomp, it was interesting to see what happened with trading in Techcomp's shares today - both on the SGX and the HKEX. Today was the first trading opportunity after Techcomp's multiple disclosures to the SGX regarding Kabouter's purchases..................
Well ........... on the SGX ................ not a single share of Techcomp was traded. Probably because Mr. Market deemed the Ask prices (lowest submitted was S$ 0.505 per share) as a bit OTT.
On the HKEX, 62,000 Techcomp shares were traded with a closing price of HK$ 2.94 (or ~ S$ 0.474 at the mid-point HK$-S$ exchange rate). The last-done HK Techcomp share price is now only ~ 3% higher than the last-done on the SGX. Today's Techcomp Ask prices in Hong Kong were more reasonable than those sought in Singapore - there were sellers remaining at the HKEX close at the HK$ 2.94 level.
Generally turnover volumes of Techcomp's shares are much higher now in Hong Kong than they are in Singapore.
Vested - in Techcomp's Singapore shares