Sell @ $0.27
Huge volume today, almost all at $0.265 till just 3mins before 5pm where all the 27ct ones in Sell Q was bought up…
It looked like Shares Buy Back at 26.5ct for almost the whole day as the Modus Operandi looked like previous times. As the Max Buy Back Price today is 27.51ct, we were not very surprised to see the huge 27ct sell Q being cleared at the last few minutes. I fact, we'd already queued at 27ct, despite a 1000+ lots Queue…
But, what puzzled us was the Buyer CP was CIMB, not the usual one from Phillip…. Hmmm…
SGX Annc cleared some doubts but opened new ones… Shares Buy Back,
- Total = 3,627,000 @ 26.496ct ; 66.4% of total vol
- If we use the Vol = 26,000 @ 26ct (fm above UOBKH Trade Summary scrreshot)+ Bal Buy Back Vol = 3,600,000 @ $26.5ct, we get Avg Buy Back Price = 26.4963ct.
- Vol = 5,459,000 ; Range 26-27ct
Holy cow! Looking at the Avg Shares Buy Back Price = 26.496ct vs the Computed Price = 26.4963ct, it is obvious the 27ct Buys were not done by the Shares Buy Back! Further, whoever it was is also buying in huge Qty of >1000 lots! (Total @ 27ct = 1,560,000)
Things just got a lot more interesting and of course, we hope this continues… 😀
But, if Shares Buy Back is capped at 26.5ct and the new Buyer(s) goes MIA, then, likely stalemate… Max Avg Share Buy Back Price for tomorrow is 27.72ct but not much meaning if it's capped (for now) at 26.5ct…