Taihua Share Discussion Threads

[davydoo] 08/12/2016 17:39

so, after 3 days of fun, that looks like a net buy of only 200,000 (1.2m buys, 1m sells)

yet price has held up well

edit, actually net 0, 1m sold and 1m bought, if you consider the 100,000 traded at 2.75p a sell, considering a buy at the same time was 3.1p

[lyonst5] 07/12/2016 09:26

Well davydoo, I was being a bit of a cheapskate and had a order in to buy more but was hoping for a better price and now i see i have been jumped over by this mornings buyer. And It seems like somebody else had the same idea until you disturbed the peace by that rash of buying yesterday.

[davydoo] 07/12/2016 09:13

every buy yesterday was me
not a single buy today was me
but perhaps I woke someone up

[lyonst5] 07/12/2016 09:03

Morning, It does seem we have that buyer back, so i guess we can be expecting a holding RNS soon.
And all quiet from the company for the moment, i would expect them to put a statement out about the current trading situation and the buybacks after going so long and hearing nothing.
P.S. Just spotted that some of the trades going through are fill or kill ...So somebody clearly is desperate for more.

[duplicate book] 06/12/2016 14:24

Somebody buying again. Maybe we are to hear something shortly regarding the buy back?

[davydoo] 28/11/2016 14:58

Time to back up the buyback truck?

[noirua] 28/11/2016 13:33

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 -- [phone] (As listed at UVEL)
Audit and Remuneration committee for Altona Energy:

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.

[itchycrack] 28/11/2016 09:25

What did people really expect? This was just soooooooooooo predictable!

[che7win] 28/11/2016 08:40

That's my sale, I can't be bothered with this anymore, good luck holders.

[oxtail2015] 22/11/2016 12:39

That will be the plan bore people into selling then buy in cheap.The tactic may take another 8 years.

[duplicate book] 22/11/2016 11:13

Normal service is resumed......5% wiped off the value of the Company on a sell of £250. Getting pretty bored of this myself!

[che7win] 21/11/2016 16:33

I'm bored now, sold some today.

[itchycrack] 19/11/2016 01:03

Watch this drip drip drip back to 1p - insane stupidity by a pathetic and desparate company!

[davydoo] 18/11/2016 10:14

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.

[duplicate book] 18/11/2016 10:01

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.

[davydoo] 18/11/2016 09:44

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.

[odvod] 18/11/2016 09:19

is doing buyback not their legal obligation? and in reasonable time span

[zangdook] 17/11/2016 16:24

zorija

no, it wasn't wcc, it was one of those ones with a hyper-positive name.

[duplicate book] 17/11/2016 11:15

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?

[davydoo] 17/11/2016 10:04

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.

[oxtail2015] 17/11/2016 09:54

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.

[zorija] 17/11/2016 09:04

WCC or similar...

ZZZ

Edit : West China Cement