Straco -- gem?

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12 years 9 months ago #6455 by pine
Replied by pine on topic Re:Straco -- gem?
Take note, Straco boughtback shares again today. Tis time 300,000 shares. It's a fantastic signal.

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12 years 9 months ago #6469 by pine
Replied by pine on topic Re:Straco -- gem?
Company bought back another 200,000 shares today. Price 17.5 cents.

To date, it has bought 3,399,000 shares. 

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12 years 5 months ago #7359 by yeng
Replied by yeng on topic Re:Re:Straco -- gem?
Thank you. Have just noted that there is a huge buying queue at 17.5 cents.
[hr]
[abb 12-06-2011]:

Even if the stock market gets bad, Straco price is likely to stay resilient because of the company's trend of buybacks. The last buyback was last Friday. It bought back 248,000 shares at 17.5 cents. The business is highly cash-generating as it collects cash from visitors to its Shanghai Ocean Aquarium and other attractions.

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12 years 4 months ago #7658 by Joes
Replied by Joes on topic Re:Straco -- gem?
One of the better China-based stocks, although the top management is Singaporean (which may be why the stock is 'clean'). LOL.
The price is 18.9 cents today, quite likely because of sustained share buyback by the company which is flush with cash.

The cashflow is beautiful:[url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/4610-insider-buying-action-asia-and-straco]Strong Insider buying: ACTION ASIA, STRACO CORP, XMH[/url]
 

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12 years 3 weeks ago #8569 by Joes
Replied by Joes on topic Re:Straco -- gem?
It's not surprising to see only a few dozen lots in the queue to buy at various prices this usually illiquid stock. The amazing thing is there is 1 big gigantic block of seller with 5.02 million shares selling at 20 cents. What on earth is this about? 

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11 years 11 months ago #8707 by Joes
Replied by Joes on topic Re:Straco -- gem?
If I were boss, I would delist this company  as the stock is illiquid and its valuation reflects the market's lack of appreciation. Just hop over to HK Exchange... closer to the China playground.

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