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ChipMOS TECHNOLOGIES (Bermuda) LTD. Message Board

bamajoe20715 68 posts  |  Last Activity: Dec 23, 2014 2:05 PM Member since: Feb 21, 2009
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  • Reply to

    Did IMOS kick off the buyback program today?

    by cliu1235 Dec 15, 2014 3:41 PM
    bamajoe20715 bamajoe20715 Dec 23, 2014 2:05 PM Flag

    jam------I am afraid we longs will have to resign ourselves to remain frustrated with IMOS stock performance until management reveals the conversion plan. Until then, unfortunately I don't see any significant upward move for IMOS stock price.

  • Reply to

    Did IMOS kick off the buyback program today?

    by cliu1235 Dec 15, 2014 3:41 PM
    bamajoe20715 bamajoe20715 Dec 23, 2014 10:33 AM Flag

    turt------I would think some people are selling because they believe they can make more money elsewhere. They have lost patience and confidence that management will bring this situation ( the conversion ) to a successful conclusion any time soon. There certainly is no reason to hold for the puny dividend they pay.

  • Reply to

    Did IMOS kick off the buyback program today?

    by cliu1235 Dec 15, 2014 3:41 PM
    bamajoe20715 bamajoe20715 Dec 22, 2014 10:10 AM Flag

    daniellaidman------While it is undeniable that IMOS is now a much better company then during the 2007-2008 period, management has never previously demonstrated a proclivity to conduct an aggressive buy back of IMOS shares. Thus, I would not expect management to be buying back shares anywhere near $30 a share. With the money on hand in Bermuda,I agree with you that the $15 million buy back is rather limited,but better then nothing.

  • Reply to

    8150 Nov. revenue 0.3% MoM and 20% YoY

    by lizheng19672002 Dec 9, 2014 8:36 PM
    bamajoe20715 bamajoe20715 Dec 16, 2014 1:05 PM Flag

    I don't believe the rather stealth buy back will have that much of an impact on the stock price. Now, the conversion plan's impact on the stock price, when management reveals the plan, is an entirely different matter. We are all patiently waiting for that event.

  • Reply to

    November Revenue Number

    by jamcracker25 Dec 9, 2014 11:45 AM
    bamajoe20715 bamajoe20715 Dec 10, 2014 12:05 PM Flag

    turt------If history is any guide,they seem to place a tight reign on the price they are willing to pay in a buy back. We don't know what that price might be,but if 8150 does not move up significantly from here,I doubt they will buy above $25 a share.

  • Reply to

    Buy Back

    by bamajoe20715 Dec 5, 2014 10:09 AM
    bamajoe20715 bamajoe20715 Dec 5, 2014 1:59 PM Flag

    caff------That maybe. I was only saying that if they buy 8150 shares from IMOS,then those shares will be purchased before,not after, the remaining shares are converted to ADR's. These transactions may well occur concurrently with the payment to IMOS shareholders of available cash in Bermuda as well as the proceeds from the sale of the large block of 8150 stock,should there be one.

  • Reply to

    Buy Back

    by bamajoe20715 Dec 5, 2014 10:09 AM
    bamajoe20715 bamajoe20715 Dec 5, 2014 1:18 PM Flag

    turt------I really don't know,but I would speculate that they will buy a large block of 8150 stock (perhaps $300 million) from IMOS at a price between 45 and 50 a share This purchase will be made before they convert the remaining 8150 shares owned by IMOS into ADR's. I just want them to reveal what their expected plan consists of instead of leaving us all in the dark. Surely, we have every right to expect that after all this time management must have already formulated and agreed upon a plan to bring the restructuring to a conclusion.Lets have it.

  • Reply to

    Buy Back

    by bamajoe20715 Dec 5, 2014 10:09 AM
    bamajoe20715 bamajoe20715 Dec 5, 2014 10:45 AM Flag

    turt-------I doubt they are authorized to buy above $25 a share. At some point,a buy back does not make economic sense. What that price might be, is a matter of opinion based on the evaluation of all available factors.

  • bamajoe20715 by bamajoe20715 Dec 5, 2014 10:09 AM Flag

    Folks, if IMOS continues to advance,I think you can kiss the buy back good bye. If history is any guide,the share price will soon rise above the level at which they would be authorized to conduct the buy back. So, if they don't go forward with the buy back, we will be placed in the envious position of getting more cash returned to us when this deal is completed.

  • Reply to

    To-days trifecta.

    by bamajoe20715 Dec 3, 2014 3:06 PM
    bamajoe20715 bamajoe20715 Dec 4, 2014 8:41 AM Flag

    dividend-man-----------I think Bama is clearly the better team and should win if they do not beat themselves. Nevertheless,Mizzou has been playing some good football lately and the odds makers 14 point spread seems excessive.

  • Reply to

    To-days trifecta.

    by bamajoe20715 Dec 3, 2014 3:06 PM
    bamajoe20715 bamajoe20715 Dec 3, 2014 3:36 PM Flag

    silentbob, Sean--------Excellent group of stocks. All have more to run,some more then others.GLTL's

  • bamajoe20715 by bamajoe20715 Dec 3, 2014 3:06 PM Flag

    Who has to-days trifecta of IMOS,MU,HIMX.

  • bamajoe20715 bamajoe20715 Dec 2, 2014 3:29 PM Flag

    caff--------I think you are correct. What I think this means is a purchase of 8150 shares from IMOS by 8150 in the amount of $330 million,then the conversion of the remaining shares of 8150 into ADR's. The question is what price will 8150 pay IMOS for the large block of stock which will transfer control to 8150 from IMOS to 8150..

  • bamajoe20715 bamajoe20715 Nov 26, 2014 5:32 PM Flag

    royco,sean------Remember some time ago we had a horse race between MU and IMOS. Clearly,MU has won that race and appears to have graduated into allowance, if not stakes company. Meanwhile, IMOS remains an inexpensive claimer. GLTLongs, and everyone have a great and happy thanksgiving.

  • bamajoe20715 bamajoe20715 Nov 26, 2014 12:06 PM Flag

    royco-------Looks like someone is just nibbling on the stock. Once it reaches a certain level, the nibbling stops and the stock price retreats. This behavior will end when we start getting some aggressive new buyers who buy with a sense of urgency. It will come. Just don't yet know when. But, the fundamentals and the grand finally to the restructuring will provide the catalyst to unlock the inherent value in this stock.GLTL.

  • Reply to

    Another day in paradise..

    by jamcracker25 Nov 21, 2014 12:50 PM
    bamajoe20715 bamajoe20715 Nov 23, 2014 12:50 PM Flag

    marnis-------If you were in charge of IMOS the last few years I am very confident we would have a much more shareholder friendly management, a much more transparent management, and a management team doing their utmost to create and enhance shareholder value. Nevertheless, as frustrated as most of us have been with the rather slow pace to reach the conclusion of the restructuring and F.V.,lets hope the financial rewards justifies the wait and patience exhibited by most longs.

  • Reply to

    Another day in paradise..

    by jamcracker25 Nov 21, 2014 12:50 PM
    bamajoe20715 bamajoe20715 Nov 22, 2014 2:09 PM Flag

    marnis-----------I have no quarrel with your post except your statement that "we all know what is going to happen". I surely don't know any of the particulars regarding the plan they have for conversion and the collapse of IMOS. At this time, management has kept the plan,if they have already formulated and agreed to one, shrouded in secrecy. All we can do is speculate what ultimately will be the plan and its various elements. What I think we all know,if we look at this realistically, is that the stock price of IMOS is undervalued. The expectation is that the stock price will improve as management starts to deliver on its buy back as well as announcing the plan to wind up the affairs of IMOS.

  • Reply to

    Another day in paradise..

    by jamcracker25 Nov 21, 2014 12:50 PM
    bamajoe20715 bamajoe20715 Nov 21, 2014 3:04 PM Flag

    caff----------Do you know the legal justification for the 30 day cooling off period. Is this a Taiwan law or regulation. If so, why would it apply to a Bermuda company conducting a buy back of a stock listed here in the United States.

  • Reply to

    Another day in paradise..

    by jamcracker25 Nov 21, 2014 12:50 PM
    bamajoe20715 bamajoe20715 Nov 21, 2014 2:52 PM Flag

    sean------They are far from shareholder friendly. They only give lip service to creating shareholder value. The delay in commencing the buy back,without providing a justifiable legal basis for doing so, ( and I question the reliance on the advice of a Taiwan law firm on the laws and regulations governing the buy back by a Bermuda company of a U.S.listed stock ) is inexcusable.

  • Reply to

    Another day in paradise..

    by jamcracker25 Nov 21, 2014 12:50 PM
    bamajoe20715 bamajoe20715 Nov 21, 2014 1:35 PM Flag

    jam---------I simply answered the question you asked. There just appears to be a lack of interest in this stock at this time. Not a lot of selling today.Just a lack of buyers.It will change.Just don't know when.

IMOS
23.04+0.18(+0.79%)Dec 24 1:00 PMEST

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