Author Topic: RHDGF - Retail Holdings  (Read 37478 times)

Lupo Lupus

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Re: RHDGF - Retail Holdings
« Reply #120 on: May 23, 2019, 07:14:42 AM »
Could the company be buying back shares at this point? Decent volume today.

This might explain that the price did not move, despite the fact that there was a big announcement. Maybe company has a buy-order at 10. I find it weird that there was so little price action in response to the news.


Do you think the stock should have gone up, or down? Why?

No idea whether it should have gone up or down ... but there was clearly "news", about the dividend, liquidation schedule, taxability etc ... It would be coincidence that significant news is price neutral and has no impact on price at all. Alternatively, one may argue that the content of the announcement was already anticipated.

What I was hinting at is a third possibility: the (undistorted) market price is less than 10, but the company supports the price at 10 through buy-back orders. This would explain that there is no price action.




Hielko

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Re: RHDGF - Retail Holdings
« Reply #121 on: May 23, 2019, 07:38:40 AM »
It's certainly a bit curious. Yesterday's volume was probably more than the whole previous year combined.

benhacker

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Re: RHDGF - Retail Holdings
« Reply #122 on: May 23, 2019, 10:55:06 AM »
You have to assume a lot of that was left pocket to right pocket trading though (moving Taxable to IRA)... I mean, it was a lot of volume, but not that must in $$$ terms.
Ben Hacker
Beaverton, Oregon - USA

Hielko

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Re: RHDGF - Retail Holdings
« Reply #123 on: May 23, 2019, 01:04:19 PM »
You have to assume a lot of that was left pocket to right pocket trading though (moving Taxable to IRA)... I mean, it was a lot of volume, but not that must in $$$ terms.
You think? I see for example a single trade of 250K shares today. Doubt many people have $2.5 million cash in their IRA. I think either the company is buying back shares, or there are one or more international investors who don't face the tax constraints of US investors who are happily buying this.

benhacker

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Re: RHDGF - Retail Holdings
« Reply #124 on: May 26, 2019, 10:27:35 AM »
H,

Not sure how much can be attributed, I just know I was (on the IRA side) a large buyer under the assumption that artificial pricing for taxable selling was driving it down... I bought maybe 2-3% of that number at $10.1x.

I hope it's buybacks, that would be great.... and not shocking either.
Ben Hacker
Beaverton, Oregon - USA

Foreign Tuffett

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Re: RHDGF - Retail Holdings
« Reply #125 on: May 28, 2019, 06:39:47 AM »
H,

Not sure how much can be attributed, I just know I was (on the IRA side) a large buyer under the assumption that artificial pricing for taxable selling was driving it down... I bought maybe 2-3% of that number at $10.1x.

I hope it's buybacks, that would be great.... and not shocking either.

I was a post announcement buyer as well. Buybacks would be the icing on the cake.

fishwithwings

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Re: RHDGF - Retail Holdings
« Reply #126 on: June 16, 2019, 11:52:38 AM »
Does anyone know if the "Valuation at market" calculation mentioned in the financials takes into account the special bonus program for the CEO?
« Last Edit: June 16, 2019, 12:53:19 PM by fishwithwings »