China High Speed Transmission 0658

[winston]

Vested

Wednesday Short-Selling at 650,000 shares ( out of 3.2m shares ); 20%

[winston]

Vested

JPM sold 850,000 shares to reduce their stake from 9.05% to 8.99%


http://sdinotice.hkex.com.hk/di/NSForm2 ... g=EN&dia=Y

[winston]

Vested. Do you understand what's going on ? And do you think Management knew what they were doing when they when they signed the agreement ?

EXERCISE OF SHARE DELIVERY OPTION/ OFF-MARKET REPURCHASE OF SHARES

The repurchase of Shares by the Company under the Share Delivery Option will be made at a price equivalent to the Initial Price of HK$13.6783 per Share (excluding Costs) for a total of 12,612,707 Shares.

The number of Shares which will fall to be delivered physically by the Equity Swap Counterparty to the Company on physical settlement pursuant to the Share Delivery Option is 12,612,707 Shares, representing approximately 0.917% of the existing issued share capital of the Company.

Such Shares delivered to the Company will be cancelled and the interest of the shareholders of the Company in the issued share capital of the Company will be increased proportionately.

Equity Swap Counterparty: Morgan Stanley & Co. International plc

http://www.hkexnews.hk/listedco/listcon ... 512005.pdf

[profittaker]

Why don't management do a share buy back from market? Is this because this method allow them to buy in bulk (more shares)?

[winston]

Vested

Selling today thru MS, Daiwa & Barclays

[winston]

Vested

On 16 May 2011, the Company redeemed an aggregate principal amount of RMB1,147,000,000, being all the outstanding principal amount of the Bonds, for US$192,935,793, being an amount equal to the US Dollar equivalent of the principal amount of the Bonds in RMB multiplied by 109.3443%.

http://www.hkexnews.hk/listedco/listcon ... 516190.pdf

[winston]

Vested

GS, UBS and CS on the Seller's list today.

Surprisingly, MS & Citi is on the Buyer's list today ...

[winston]

Vested

Tuesday Morning Short-Selling at 262,000 shares ( out of 2.8m shares ); 9%

Sell orders thru CS, GS, Macquarie and UBS

[winston]

GS, UBS and CS on the Seller's list today.
Surprisingly, MS & Citi is on the Buyer's list today ...

Vested

Sell orders are thru Macquarie, GS, ML, BNP and UBS today

[winston]

Vested

Wednesday Morning Short-Selling at 112,000 shares ( out of 5.5m shares ): 2%

Down 3.9% so people are panicking now ...

Just noticed that the PE is now down to 7.5 and the Yield is 3.4%. Expected growth is 10% to 15%.

Big Elephant buying 85,000 shares @ 9.70 thru CS