Just an illustration:
i) core business lose money
ii) dividend cut (or worst discontinue)
iii) share price tank
iv) privatisation
Possible?
(12-03-2015, 04:02 PM)valuebuddies Wrote: [ -> ]Just an illustration:
i) core business lose money
ii) dividend cut (or worst discontinue)
iii) share price tank
iv) privatisation
Possible?
I think first 3 are possible. But I got a feeling that dividend will be status quo.
At this price, privatisation can be a good exit point for some of us.
(12-03-2015, 03:38 PM)brattzz Wrote: [ -> ]tulips, by all means, go ahead and lobby!! 
There's a might be few valuebuddies here that owns 5% in HS i think! 
I'm just happy to keep buying HS on the cheap, knowing that - "majority may overturn the table to bring the company private. When cheap thing get cheaper, it is probably time for the majority owner to take action." - valuebuddies
1 ct dividends over 19/20 cts yielding 5%++ , okay what!
Some are on the top 20 shareholders somemore. Not as vested as some value buddies but still a good 6 figure..
Just felt that if everyone here sends an email to lobby for share repurchase, wouldn't that be better? Been reading the threads, and felt that we can be more constructive to Hupsteel on share repurchase.
Seek support from each value buddies to email hupsteel at ir@hupsteel.com
tulipbubble Wrote:Some are on the top 20 shareholders somemore. Not as vested as some value buddies but still a good 6 figure.. Just felt that if everyone here sends an email to lobby for share repurchase, wouldn't that be better? Been reading the threads, and felt that we can be more constructive to Hupsteel on share repurchase. Seek support from each value buddies to email hupsteel at ir@hupsteel.com
If company has intention to take Hupsteel private , of course they would want to do so as cheaply as possible . Do u think there would be share buyback ? If I were company , I would just reduce dividend and let share price drop...
(12-03-2015, 05:58 PM)Curiousparty Wrote: [ -> ]tulipbubble Wrote:Some are on the top 20 shareholders somemore. Not as vested as some value buddies but still a good 6 figure.. Just felt that if everyone here sends an email to lobby for share repurchase, wouldn't that be better? Been reading the threads, and felt that we can be more constructive to Hupsteel on share repurchase. Seek support from each value buddies to email hupsteel at ir@hupsteel.com
If company has intention to take Hupsteel private , of course they would want to do so as cheaply as possible . Do u think there would be share buyback ? If I were company , I would just reduce dividend and let share price drop...
I doubt existing minority shareholders will allow the majority shareholders to buy back at a significant discount to NTA or market price. Similarly, will you allow that to happen?
Such penny stock are easier to come in, but may take a long time to realize the value.
I am starting to feel that we are "Buying a fair company at wonderful price" but not "Buying a wonderful company at fair price".
Thus, my suggestion of lobbying for share repurchase by regular emailing to hupsteel at ir@hupsteel.com.
Tulipbubble, if I am the IR or the majority shareholder, I will ignore your email. Something possibly in my mind would be "if you aren't happy and wanna sell, go ahead please". I think the majority shareholders don't bother much on the share price, bottom line is that they are not going to sell the shares anyway, and if all the minority shareholders dispose their stakes, I think the majority would be delighted to pick up at even lower price. And when the majority shareholding hits a significant percentage, they still have the option to continue listing or take it private without the need of minority approval. This is the fact of family-owned business, there will be very little change to the present management "style" unless the new generation step in.
valuebuddies Wrote:Tulipbubble, if I am the IR or the majority shareholder, I will ignore your email. Something possibly in my mind would be "if you aren't happy and wanna sell, go ahead please". I think the majority shareholders don't bother much on the share price, bottom line is that they are not going to sell the shares anyway, and if all the minority shareholders dispose their stakes, I think the majority would be delighted to pick up at even lower price. And when the majority shareholding hits a significant percentage, they still have the option to continue listing or take it private without the need of minority approval. This is the fact of family-owned business, there will be very little change to the present management "style" unless the new generation step in.
Yes , fully agree. Share price will continue to stagnate ..
hope it goes down more in fact..
it's like paying 50cts for a dollar now... just that the dollar can only be claimable in XX yrs time?
buy-buy-buy!
(12-03-2015, 04:02 PM)valuebuddies Wrote: [ -> ]Just an illustration:
i) core business lose money
ii) dividend cut (or worst discontinue)
iii) share price tank
iv) privatisation
Possible?
Could drop to ten cent then delist at 15c. Steel sector continues to be bad especially in local Asian markets
yes sir, steel biz continues to down... hope Indonesia growth can save HS!
if really down to 10cts, think Chairman Lim will bite and delist, really CHEAP too LIAO!