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Actions Semiconductor Co., Ltd. Message Board

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  • jaretwilson jaretwilson May 11, 2011 1:48 PM Flag

    New Series 28

    I'm also invested in both stocks -- they are my top two investments.

    Actions has Deloitte Touche Tohmatsu as an auditor (I think they are currently the biggest accounting firm), so I would be pretty surprised if the money isn't there. Also, they have been doing a long term share buyback and have so far bought back more than 16 million shares. That's a good sign.

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    • Good point, Jaret. I see the buybacks - about 100 million shares over the past 4 years or so.

      Are they going to liquidate this company? Sales are approaching zero. Shareholders should do okay at current prices if they liquidate.

      • 1 Reply to queen_anne_22
      • topline1 May 13, 2011 11:27 AM Flag

        Why would you liquidate an ongoing concern with sales that have stabalized around $40 million with the capacity to more than double?
        - Yes cash is not being well utilized.
        A better approach would be to continue stock buy backs and consider a "special cash dividend" - Buy backs can increase value wihtout tax implications - Dividnds are still taxed lower in the US.. and that window many be closing-but there are also Chinese tax implications.
        Doing a combination of the above will help unlock traped value plus leave the up-side opportunity od the ongoing concern in place.

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