Yangzijiang Financial Holding

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#84
The current price movements on YZJ FH is really interesting so I went to do some digging.

There has been some talk of T Rowe sales been the cause of the price drop from listing.

As per the following announcement, T Rowe had a total of 295,981,100 shares across multiple funds.

https://links.sgx.com/FileOpen/_Form%203...eID=716131

The following T Rowe funds reported holdings on YZJ FH across them with some smaller holdings that I didn’t sift out in their smaller funds. I can’t tally to the total, but I guess there are some holdings in non public funds? The following are for Mar 2022 and Sep 2022 holdings respectively showing a reduction to zero.

T. Rowe Emerging Markets Discovery Stock Fund – 73,546,600

https://individual.troweprice.com/static...hemvq1.pdf
https://individual.troweprice.com/static...hemvq3.pdf

T. Rowe Price International Discovery Fund – 53,653,600

https://individual.troweprice.com/static...hidfq1.pdf
https://individual.troweprice.com/static...hidfq3.pdf

T. Rowe Price International Value Equity Fund – 32,040,300

https://individual.troweprice.com/static...higiq1.pdf
https://individual.troweprice.com/static...higiq3.pdf

All the funds above indicate zero holdings as of 30 Sep. Assuming the funds follow a general house view and sells from all their funds together, they seem to be done with the selling of a very sizeable amount of shares (assuming all 296m, but we won’t know for sure since holders below 5% threshold does not need to report change in holdings).

To date, the company has bought back 239,111,100 shares at a total proceeds of $91,949,032.68, which is per share average of $0.3845 and highest price paid at > $0.50.

That leaves 155m more shares to buy back with an estimated $54m at current price of $0.35. That still leaves a lot of money for further buy backs. This time though, the overhang from T. Rowe gone.

I don’t really try to do any technical studies, but just trying to get my head around why prices have tumbled so far.

Please do your own due diligence. Any reliance on my posts is at your own risk.
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Messages In This Thread
Yangzijiang Financial Holding - by ¯|_(ツ)_/¯ - 28-04-2022, 07:22 AM
RE: YZJFH YANGZIJIANG FINANCIAL HOLDING LTD - by Squirrel - 18-10-2022, 02:54 PM
RE: Yangzijiang Financial Holding - by weijian - 26-04-2024, 08:24 AM
RE: Yangzijiang Financial Holding - by dreamybear - 16-05-2024, 04:15 PM
RE: Yangzijiang Financial Holding - by weijian - 18-05-2024, 11:32 AM
RE: Yangzijiang Financial Holding - by weijian - 10-03-2025, 04:53 PM
RE: Yangzijiang Financial Holding - by Squirrel - 12-03-2025, 09:52 PM
RE: Yangzijiang Financial Holding - by weijian - 21-05-2024, 10:17 PM
RE: Yangzijiang Financial Holding - by weijian - 11-06-2024, 02:52 PM
RE: Yangzijiang Financial Holding - by Big Toe - 11-06-2024, 05:41 PM
RE: Yangzijiang Financial Holding - by dreamybear - 30-06-2024, 10:19 PM
RE: Yangzijiang Financial Holding - by Yoyo - 21-08-2024, 02:43 PM
RE: Yangzijiang Financial Holding - by weijian - 21-08-2024, 05:26 PM
RE: Yangzijiang Financial Holding - by CY09 - 21-08-2024, 03:08 PM
RE: Yangzijiang Financial Holding - by weijian - 21-08-2024, 04:09 PM
RE: Yangzijiang Financial Holding - by CY09 - 21-08-2024, 04:13 PM
RE: Yangzijiang Financial Holding - by Big Toe - 21-08-2024, 11:19 PM
RE: Yangzijiang Financial Holding - by weijian - 23-08-2024, 10:28 AM
RE: Yangzijiang Financial Holding - by Big Toe - 02-09-2024, 01:31 PM
RE: Yangzijiang Financial Holding - by dreamybear - 05-09-2024, 10:04 PM
RE: Yangzijiang Financial Holding - by Big Toe - 22-08-2024, 12:58 PM
RE: Yangzijiang Financial Holding - by CY09 - 01-09-2024, 08:17 PM
RE: Yangzijiang Financial Holding - by CY09 - 05-09-2024, 10:55 PM
RE: Yangzijiang Financial Holding - by Big Toe - 05-09-2024, 11:18 PM
RE: Yangzijiang Financial Holding - by dreamybear - 19-10-2024, 04:07 PM
RE: Yangzijiang Financial Holding - by CY09 - 24-02-2025, 07:52 PM
RE: Yangzijiang Financial Holding - by Big Toe - 25-02-2025, 11:36 AM
RE: Yangzijiang Financial Holding - by Squirrel - 03-03-2025, 04:40 PM
RE: Yangzijiang Financial Holding - by CY09 - 03-03-2025, 08:13 PM
RE: Yangzijiang Financial Holding - by CY09 - 12-03-2025, 10:17 PM
RE: Yangzijiang Financial Holding - by Big Toe - 12-03-2025, 10:45 PM
RE: Yangzijiang Financial Holding - by weijian - 13-03-2025, 02:40 PM
RE: Yangzijiang Financial Holding - by Big Toe - 13-03-2025, 10:37 PM
RE: Yangzijiang Financial Holding - by weijian - 02-04-2025, 03:32 PM
RE: Yangzijiang Financial Holding - by weijian - 16-04-2025, 09:12 PM
RE: Yangzijiang Financial Holding - by Big Toe - 09-04-2025, 11:35 PM
RE: Yangzijiang Financial Holding - by CY09 - 10-04-2025, 01:27 AM
RE: Yangzijiang Financial Holding - by Big Toe - 10-04-2025, 09:22 AM
RE: Yangzijiang Financial Holding - by CY09 - 11-04-2025, 06:01 PM
RE: Yangzijiang Financial Holding - by CY09 - 16-04-2025, 01:47 PM
RE: Yangzijiang Financial Holding - by weijian - 16-04-2025, 02:28 PM
RE: Yangzijiang Financial Holding - by CY09 - 16-04-2025, 09:06 PM
RE: Yangzijiang Financial Holding - by Big Toe - 16-04-2025, 10:29 PM
RE: Yangzijiang Financial Holding - by weijian - 13-08-2025, 11:08 AM
RE: Yangzijiang Financial Holding - by CY09 - 27-04-2025, 08:48 PM
RE: Yangzijiang Financial Holding - by weijian - 28-04-2025, 10:31 AM
RE: Yangzijiang Financial Holding - by CY09 - 28-04-2025, 09:56 PM
RE: Yangzijiang Financial Holding - by weijian - 29-04-2025, 10:36 AM
RE: Yangzijiang Financial Holding - by CY09 - 29-04-2025, 10:58 AM
RE: Yangzijiang Financial Holding - by Big Toe - 07-07-2025, 05:45 PM
RE: Yangzijiang Financial Holding - by Big Toe - 13-08-2025, 01:49 PM
RE: Yangzijiang Financial Holding - by weijian - 01-09-2025, 10:11 AM
RE: Yangzijiang Financial Holding - by Squirrel - 09-09-2025, 02:22 PM

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