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Taihua Share Discussion Threads
Showing 17901 to 17922 of 17925 messages
|Time to back up the buyback truck?|
|Best of good fortune to Taihua holders. Downside is disappearance of the company's website.
There could be a good reason for not starting the buy back of shares. This being the high price the shares went to and the lack of trading.
Further downside could be worries about the cash held.
Nicholas Lyth, Taihua plc 0776 990 6686
Nicholas Lyth, Chairman -- +44 (0) 7769 906686 (As listed at UVEL)
Audit and Remuneration committee for Altona Energy: http://www.altonaenergy.com/investor_corp_gov.php
If something proves to be quite wrong at TAIH then I cant imagine Nick Lyth would remain a director for much longer.
A more rosy picture could be that Mr Tao Ji - obviously the lead person at Taihua - has plans not yet divulged.
The shares are now a complete gamble on honesty and the good faith factor.|
|What did people really expect? This was just soooooooooooo predictable!|
|That's my sale, I can't be bothered with this anymore, good luck holders.|
|That will be the plan bore people into selling then buy in cheap.The tactic may take another 8 years.|
|Normal service is resumed......5% wiped off the value of the Company on a sell of £250. Getting pretty bored of this myself!|
|I'm bored now, sold some today.|
|Watch this drip drip drip back to 1p - insane stupidity by a pathetic and desparate company!|
|That was the extent of our discussion on that subject.
I don't wish to put words in his mouth, but my assumption is that like the announcement of a discounted rights issue, when we might expect to see the share price find some equilibrium between the previous price and the discounted price, (depending on the % being issued) that a premium price issue like this, would also find a similar middle price. Instead the market moved to the premium price, and briefly made what was a premium price, a discounted price on the final days of applications.
However, I believe that was because I, and perhaps others, were buying. As volume is typically low, any trades can move this price.|
|Davydoo....could you explain what you mean when you say the Chairman was surprised by the market reaction after the buyback announcement? In what way was he surprised? Thanks in advance.|
|I hope it isn't a legal obligation.
I don't want any company to feel obliged to buy its own stock if it determines it is no longer in the best interest of all shareholders. Admittedly it would take a brave (stupid?) CEO to imply their stock is overvalued, but surely it needs to be allowed in law. Even, if it is just to recognise that the share price is now 'fair' and that therefore if a prior discount has how vanished, growth projects should now take preference.
I actually spoke to the Chairman after the buyback announcement, as I was buying a lot then. He was surprised at market reaction (i'm not sure why) so it's not inconceivable they might now stop a buyback.
Any arguments about holders wanting out fall a little flat for me, since we've clearly had an aggressive buyer in the market paying way more than the price when the buyback announcement was made.
Ultimately its an issue of communication, and once again that has been pants.|
|is doing buyback not their legal obligation? and in reasonable time span|
no, it wasn't wcc, it was one of those ones with a hyper-positive name.|
|Davydoo.....l can see your logic behind that, but once again, the question of credibility comes to the fore. I mentioned before, and will say again, that when announcing this buy back, and the associated fund raising, the Board must have had some sort of idea as to how this was going to happen going forward.
We should have heard by now. Could they be waiting for this years harvest to be sold?|
|oxtail, might I suggest that placing thousands of pounds on the expectation the company you invested in will have to pay you more to buy the shares back than it raised in issuing others, is not particularly the kind of shareholder engagement most firms will rush to respond to.|
|Even an update on why it's taking so long would be nice . Some of us have placed thousands of pounds on this buyback and would like to know what's going on with our money.A few of us remember they never informed us by rns that they would not pay the dividend.|
|WCC or similar...
Edit : West China Cement|
They couldn't even get a simple share buyback right, they've blown it yet again.
Blown all that good faith, given us investors another good kicking.
They were quick enough to get their hands on more cash, where is it now? Maybe it's sitting in customs, or maybe it's been invested in a Ferrari or two?
Anyone could be forgiven for thinking that they're siphoning off all the cash and selling the harvests to their cousins.|
|All waiting for the buyback, nick wont tell me anything,anybody any info why on earth its taking this long?.|
|in the last 13 days 8 without any trade|
|I think brexit will be done quicker . The only thing That makes me think this will go through is because one of the big boys wants his 20m plus shares.|
|I remember reading many years ago about what they found when they raised the wreckage of the warship Mary Rose. Incredibly they found the perfectly sealed cabin of the captain, with the captain still sitting in his chair, though he was very dead and was all dried and shrivelled up and covered in cobwebs, but amazingly he was holding a 400 year+ copy of the Financial Times and the headline was "Taihua are planning to pay a maiden dividend and starting to do buybacks".|