Taihua Share Discussion Threads

[lyonst5] 27/9/2016 09:47

The larger holders after such time invested may feel its time to head for the door after some pretty frustrating years. The rejuvenation of the business is by most intentions underway as we speak with factory upgrades and new management, but maybe not soon enough for some.

[oxtail2015] 27/9/2016 09:46

Looking at those 100 blocks over the last few days think they have only spent about 40k

[davydoo] 27/9/2016 09:44

I still don't think the company can buy back yet. If we're in a blackout for directors, surely we must be for the company too.

[lyonst5] 27/9/2016 08:53

Well unless any of the large holders want out at this level the buybacks will take out every small fish here and then the price will be considerably higher.

[horneblower] 27/9/2016 08:46

You are right.
So, would you expect any different price action?

[lyonst5] 27/9/2016 08:32

Horneblower, I have not read in any part of the buybacks there is a time limit. And if the trades we are seeing are a part of the buybacks its rather immature way to go about it with these drips and drabs on the order book, usually the market makers are left with iceberg order and they get on with it over a period weeks or months.

[horneblower] 27/9/2016 08:26

Not contrived. Just, basically what you would expect.
There is an open order to buy oodles of shares at market rate up to 6.3p(?) with a time limit.
If no selling occurs, the price will go up but not until the limit time reduces.
In the meantime, potential sellers have to second guess the market.
Plus ca change.

[hatey] 27/9/2016 08:25

150,000 offered 2.99p

Do not hold to post sell limits

[duplicate book] 27/9/2016 08:15

Can anybody here post the limits available please? It is very clear that there is some sort of 'pre organised' arrangement going on here with these block trades occuring almost daily now. It would be interesting to see if there were a few ordinary buys went through, if there was any impact on the share price? It seems to me that these matched buys/sells are keeping the shareprice at this current level. Very contrived l would say!

[oxtail2015] 26/9/2016 12:45

There we are again with the trades . seconds after a sell straight in with a buy,must be a deal in place to be that quick.

[odvod] 26/9/2016 08:05

I bought 150 k on the market. Was holding 1 % at eacn and jtc time. still have many

[oxtail2015] 23/9/2016 21:22

wonder if a deal has been brokered behind the scenes with a seller.It would be great if we had a new buyer,all should be revealed next friday afternoon.

[duplicate book] 23/9/2016 19:35

400k dumped, 300k bought, in 100k lots. If it isnt the Company, then somebody is adding to, or building up a stake in TAIH, whilst somebody is reducing theirs!

[lyonst5] 23/9/2016 11:36

Old one here from a few years ago.

Shareholder 1: "How do you react when you get good news from Taihua"

Shareholder 2: "I don't know, I've only held for 6 years"

[duplicate book] 23/9/2016 11:30

Davydoo....think we have been in a blackout for the last five years! ;o)

[lyonst5] 23/9/2016 11:25

As mentioned before it seems they are doing the buybacks on the open market and the market makers are carving this up like a pack of sharks with the 25% spread.
Why they didn't just pay the 10% withholding tax and pay a dividend with the proceeds defies logic. The buyback idea was great when they were sitting on mountain of cash. If the company paid dividends there would be a healthy trading of the shares so any holders who wanted out could get out. I think the only ones who will be having a night on the tiles here will be the market makers.

[duplicate book] 23/9/2016 11:24

Hmmm. Somebody is reducing their holding then in chunks. I suppose it will all come out in the wash eventually. I (quite selfishly then), would love to see the share price back upto the 5 or 6p, with the Company buying or not! If we have turned the corner, and get back to previous cash levels, then maybe true value will out.

[davydoo] 23/9/2016 11:16

just seen the actual numbers.

the market makers are doing well aren't they

The company cant be the buyer at 2.9p anyway. Its more than 5% above the average mid price.

Even if the average had been 2.75p (and I think it was 2.63p) 5% above would've been 2.8875p

EDIT also can the company even buy now? aren't we in a blackout?

[davydoo] 23/9/2016 11:13

cash is cash.

As a shareholder I want the company to buy shares back at as low a price as possible, because then it retains more cash in the business. And, with fewer shares remaining, the shares I own represent a greater percentage in the business.

The only reason to want the company to pay 3p or 4p on buy backs is in the hope that it's en route to the 5p or 6p someone might want out at.

Personally, I don't want the company to raise at 2.63p to then buy back at twice that price.

We also have just 6 days left to announce another set of results, so its understandable if people get a little nervous. Whatever might've happened at the offer, that's now in the past.

With GMP accreditation now achieved this is an important half, are they still recovering from that? or powering ahead? at least its hard to imagine any worse news on weather or forsythia production.

Let's hope its nearer to 8am on Monday than 4.30pm on Friday though.

[lyonst5] 23/9/2016 11:10

Well the company stated that they will spend around half a million on buybacks, if they achieved this at this rate at sub 3p they will have enough money left over to take the remaining holders out for a good night out on the town . But also if they somehow managed to spend the £500k on buybacks they probably would have bought all the private shareholders out. So no need for a night out on the tiles. Hmmm.... And the NAV is around 16p a share

[duplicate book] 23/9/2016 10:52

Definitely something going on here with these trades. Somebody dropping almost 1 million in the last few trading sessions, being snapped up at under 3p. If it is the Company buying, then who is supplying them at under the recent open offer price? MM's are keeping the ask low too, inspite of the buying. If it is the company, then they are likely to pick up their 8 million odd shares for peanuts, and it isnt going to have any beneficial impact on the share price at all!

[noirua] 22/9/2016 11:08

This looks like an opportunity, the only one I think, to ask questions of the Chairman of TAIH.

Univision Engineering Limited UVEL - Stephen Koo, Chairman of the Company, and Nick Lyth, NED, will have an informal meeting at Inn of Court, 18 Holborn, London EC1N 2LE on MONDAY, 26th September 2016 starting from 2:30 p.m. Stephen will take the opportunity to meet the shareholders in U.K. He will also be able to answer questions that you may have about the business.

[duplicate book] 22/9/2016 10:12

Somebody is reducing their holding. Another few 100k sells this morning.... Be interesting to see if a large trade at the end of the day hoovers them up again.

[oxtail2015] 22/9/2016 09:42

It may take a few days for the cash to clear/transfer to taihua.I just get that feeling they will start buying after poor results.

[duplicate book] 21/9/2016 22:25

Could that 300k late this afternoon be a buy back trade from the Company? Funny how it matches the few 100k sales from earlier on.....