the current price was pushed by Ben Chng to gain control.
Usually an individual investor cannot - and may not wish to - control the share price, unless he has very deep pocket and aims to buy a lot or all of the shares avaliable or offered by Mr Market at a particular price level. It is better - and easier - for an individual investor to simply take advantage to buy when the share price is low enough, bearing in mind of the higher intrinsic value of the share providing him a good enough margin of safety.
I was at Carrefour on Sunday evening and noted that Viz Branz's leading instant coffee product - the red-pack "Cafe 21" - is now being retailed at $4.40 a bag of 25 sticks, vs. $3.90 the last time I checked. And the shelf was empty last Sunday evening!
Ben Chng actually added another 100 lots on 15Apr11 (last Friday) and paid $0.27/share.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument
So it looks like one of the bigger minority shareholders got jittery or needed some money in a hurry, and decided or had to sell his Viz Branz shares. Perhaps those who still have capacity for Viz Branz shares can follow Ben Chng's example, and help this poor chap a bit.
(08-03-2011, 07:02 PM)dydx Wrote: [ -> ]Viz Branz shareholders should take note that the $0.0075/share Interim dividend for FY11 (ending 30Jun11) will be paid on 15Apr11.....
http://info.sgx.com/webcoranncatth.nsf/V...D000471A3/$file/InterimDividend_NoticeBooksClosureR.pdf?openelement
This looks like a good opportunity for existing shareholders to re-invest their dividends - at the recent closing price, dividend from every 100lots will allow one to buy approximately 2.88 lots (probably top it up to 3 lots)
Ben Chng bought again in 19th and 20th.
did he purposely hold the price so that he would not get margin call?
I also noticed that another counter in the similiar business is also seeing their price trending down recently - Food Empire.
wow, ben chng is still buying! he must have really deep pockets. he seems very persistent in gaining a controlling stake, undeterred by the lawsuit. will his pockets be deep enough to accomplish his ambition, should he lose the disputed 19% stake?
(21-04-2011, 12:41 PM)freedom Wrote: [ -> ]Ben Chng bought again in 19th and 20th.
did he purposely hold the price so that he would not get margin call?
He actually added another 290 lots on 19Apr11 and 20Apr11 and paid an average price of $0.26155/share.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument
We mustn't forget that Ben Chng has just received approx. $1.3m from the recent $0.0075/share Interim dividend paid on 15Apr11.
The share price has so far fallen by approx. 14.5% (from $0.31), and this may not be enough to trigger a margin call. Besides, Ben Chng may not have geared up much.
I suspect that the recent fall in the share price could have been triggered by the recent sharp rise in Arabica coffee bean prices which may have made some shareholders becoming jittery. Perhaps they are over-reacting. We mustn't forget retail prices of many FMCG items have already gone up - and given enough time, producers of consumer goods do pass on their cost increases by raising their selling prices.
I re-looked at the situation Viz Branz is in now.
it won't fall to riduculously low level any more. there is simply not enough float (around 20% public float, and quite a lot of the 20% are probably held by long term shareholders) to trigger that kind of situation unless the father or the son starts to offload. otherwise, any small selldown could be easily absorbed by Ben Chng given that he is keeping buying from open market.
(19-04-2011, 01:48 PM)dydx Wrote: [ -> ]Usually an individual investor cannot - and may not wish to - control the share price, unless he has very deep pocket and aims to buy a lot or all of the shares avaliable or offered by Mr Market at a particular price level. It is better - and easier - for an individual investor to simply take advantage to buy when the share price is low enough, bearing in mind of the higher intrinsic value of the share providing him a good enough margin of safety.
I was at Carrefour on Sunday evening and noted that Viz Branz's leading instant coffee product - the red-pack "Cafe 21" - is now being retailed at $4.40 a bag of 25 sticks, vs. $3.90 the last time I checked. And the shelf was empty last Sunday evening!
Who sets the price of " the red-pack Cafe 21" being sold at Carrefour ? Retailer or Viz Brandz?
(22-04-2011, 11:37 PM)freedom Wrote: [ -> ]I re-looked at the situation Viz Branz is in now.
it won't fall to riduculously low level any more. there is simply not enough float (around 20% public float, and quite a lot of the 20% are probably held by long term shareholders) to trigger that kind of situation unless the father or the son starts to offload. otherwise, any small selldown could be easily absorbed by Ben Chng given that he is keeping buying from open market.
FREEDOM, I agree with you.
So vested parties, sleep eazy.