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08-03-2012, 08:43 PM
I wonder who bought the 1661 lots transacted today (8Mar12) between $0.35 and $0.36 - mostly at $0.355 - and with many of the transactions of big lots??
We should bear in mind that between the 2 of them the father and son now hold a total of 261,159,002 Viz Branz shares, which amount to a total combined 73.33% interest as at 19Sep11 (the cut-off date of the Shareholdings Statistics in the FY11 AR).
As a result of the company buying back 1111 lots from 18Nov11 to 1Dec11, the 2's total combined interest has risen to 73.57% as at 1Dec11. And we should also count the some $10.0m shares - another approx. 2.86% - held by other members of the Chng Family and other directors.
And we should note that the father and son are now fully cashed up, having received (including the $0.02/share 3rd-Interim dividend declared recently) an estimated total $9.92m in the last 4 dividends.
Perhaps I am just dreaming, but it appears to me that we may have here a stage for the Chng Family to privatize Viz Branz?
We should bear in mind that between the 2 of them the father and son now hold a total of 261,159,002 Viz Branz shares, which amount to a total combined 73.33% interest as at 19Sep11 (the cut-off date of the Shareholdings Statistics in the FY11 AR).
As a result of the company buying back 1111 lots from 18Nov11 to 1Dec11, the 2's total combined interest has risen to 73.57% as at 1Dec11. And we should also count the some $10.0m shares - another approx. 2.86% - held by other members of the Chng Family and other directors.
And we should note that the father and son are now fully cashed up, having received (including the $0.02/share 3rd-Interim dividend declared recently) an estimated total $9.92m in the last 4 dividends.
Perhaps I am just dreaming, but it appears to me that we may have here a stage for the Chng Family to privatize Viz Branz?