NN: Biggest daily H&S ever and €250 million new share buyback.After posting a more than 14% drop in 2022 operating profit (1.74bn), missing market estimates of 1.84 bn, and even though its operating capital generation (OCG) jumped 8% to 1.71 billion euros last year mainly thanks to higher interest rates and a strong business performance of the Netherlands Life and Insurance Europe segments; the company is shaping the biggest H&S pattern I have ever witnessed in a stock.
Besides, NN also announced a new share buyback programme of 250 million euros. Will they implode due to share buybacks that will materialise into negative returns in the near future?
At this pace, all those companies doing share buybacks will be the most damnified of the market due to an increased own capital at the wrong time. And it is a pity because this company has really attractive fundamentals, but after the operating profit miss in 2022 and the imminent recession all media is talking about, it is currently very risky to invest in it. But I will keep it in the radar as 35.6€ is the first support while 45€ is the first resistance.
Sharebuyback
Stocks market ~100% correlated to share buyback ratioIt's rather disgusting that American execs propped up their companies stock rather than make Merica great by investing in its future by simply buying back their shares at inflated prices instead of putting back into future R&D and development or other investments. Once the share buybacks slow down the market will collapse under it's one inflated bubble.
$BYOC OTCMARKETS COMPLETELY UPDATED + 300 MIL FLOAT REDUCTION!Beyond Commerce has updated their OTCMarkets information and the first thing that is noticed is an almost 300 mil reduction in the float from previous count. The other thing noticed is a new website and other necessary information that clue in the possibility that the audited quarterlies could be dropped as soon as this week.
After that it should be smooth sailing as the first acquisition gets closed and more profit producing companies are acquired under the Boustead umbrella. In addition uplistment isn't too far away either.
I also anticipate since the shares from the Bank that owned them were removed from the float that they will also be removed from the O/S and the A/S will also be reduced eventually by the company as well.
As I've been saying since early October last year this is my long term hold for at least a year and a half to two years where I anticipate the PPS should be around $5 by this time next year, by that point we should be safely and comfortably listed on the NASDAQ exchange.
$GRCV LT Play New CEO + A/S Reduction + Revenue/Profits/NetGainGrand Capital Ventures Inc. since the start of the year:
1. New CEO - Dr. Kyo Jhin
Florida-March 28, 2018 /RSS FEED -- Grand Capital Ventures Inc. (OTC PINK:GRCV) Dr. Kyo “Paul” Jhin has accepted the appointment to the position of CEO of Grand Capital Ventures Inc. The Company feels that Dr. Jhin’s proven dedication to excellence will launch the Company to tremendous heights. He brings a commitment to success that should help each of the Company’s subsidiaries to perform to their greatest potential and beyond.
Dr. Jhin is currently in the final stages of selecting an Executive Assistant to help him guide the Company and its subsidiaries.
Dr. Kyo “Paul” Jhin is the CEO of the eBook/eLibrary Initiative. The purpose of this Initiative is to send Laptops, Tablets and Smart Phones to schools in developing nations in Africa and South America.
1. President George W. Bush Appointment: Dr. Jhin was appointed as the Director of Peace Corps’ Special Initiatives, 2002-2009. In this position, Jhin was the Peace Corps’ liaison to the Department of State’s Inter-Agency Working Group, White House Initiative on Digital Freedom Initiative, and the United Nations Secretary General’s Office.
2. President George H. Bush Appointment: During 1990-1993, Dr. Jhin appointed to served as Executive Assistant to the Secretary of Veterans Affairs. Dr. Jhin's major responsibility was to launch Total Quality Management (TQM) initiatives in the agency and transform the VA to adopt TQM culture.
3. President Gerald Ford Appointment: 1976 – 1981, He was appointed as a Member of the National Advisory Council on Adult Education. In this position, he was one of the leaders to conduct hearings throughout the nation and he was selected to testify before the U.S. Congress.
2. Huge Acquisitions:
February 19, 2018
GRAND CAPITAL VENTURES INC COMPLETES ACQUISITION OF HOLLYWOOD FILM & ENTERTAINMENT COMPANY, EMPIRE MEDIA ENTERTAINMENT GROUP INC
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MARCH 15, 2018
GRAND CAPITAL VENTURES INC ACQUIRES GALACTIC TECHNOLOGY INC.
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www.galactictechnology.net
April 9, 2018
Grand Capital Ventures Inc. Announces Acquisition Of Track Killers Entertainment Inc & its Subsidiaries.
The World's First Digital Production Label
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www.trackkillers.com
3. Year over Year Revenues/Profits and Net Gain
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Q1 2017
Revenues: $26,250
Gross Profit: $26,250
Net Loss: -$9,956
Q1 2018
Revenues: $300,893
Gross Profit: $145,136
Net Profit: $95,635
4. Almost 890 million restricted shares have been retired in just 3 months + what was already retired upon taking over, which equates to be about 1.25 BILLION shares since his new BOD took over, thats OUTSTANDING, Not to mention that it was promised that AS was also going to be reduced proving they dont count on more dilution anytime soon.
5. Since the new BOD took over there has been many negotiations with long term friendly debt holders to restructure their debt and change them into preferred shares etc, in just a few months they have almost gotten rid of 600k in short term convertible debt of the $1 mil in total debt, this is a huge win for investors.
Solar Industry Sulking Sun Edison Bankruptcy, Bright Spot JASOJA Solar Company Fundamentals and Internals are incredible. JA Solar management made a bold move taking on slightly more equity to reduce share count. Incredibly JASO's executives were able to reduce share count by 80% while only taking on 8% debt to finance a massive share reduction.
JASO also has outperformed its peers in the renewable energy industry, mainly because China is doing whatever it takes to reduce pollution in China. For every dollar JASO spends on revenue it is equally matched with earnings.
JASO is currently extremely undervalued. Earnings are next week.