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United Engineers
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hem2998
Veteran |
30-Dec-2014 10:07
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hope there are other bidders to make this interesting.    
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kirana
Senior |
30-Dec-2014 09:50
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If you have time, go ahead to read kyoto posts. He is strong supporter of this takeover. He and me sees the same thing. OCBC/GE combo do not have to sell cheap. Yet NR C do not want to buy too high. |
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hem2998
Veteran |
30-Dec-2014 08:56
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its a question of time b4 we see a bid from Mr C for OCBC' s stake.   OCBC has been holding above $10.40 levels for some time... The company has been quietly disposing its businesses ..the latest being teh 2 subsidiaries. I also like the TA behind this stock. Well supported at $2.85 levels. A break above $2.95 is inevitable paving the way for $3.05.   My tgt is $3.30-$3.50 .      
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kirana
Senior |
30-Dec-2014 07:48
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So Hem2998 what do you beleive? |
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hem2998
Veteran |
29-Dec-2014 15:59
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ok, i' m in. just bought some . |
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kirana
Senior |
27-Dec-2014 19:11
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Investor Central has a paid report written on this. Anyone is a member there and care to share? Still, we can take what is written as opinions and how the real event should unveil, only one person and his left and right will know. |
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Kyoto2008
Elite |
27-Dec-2014 01:22
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Notice also that each time the blur sotong change the RNAV of UE, it is on the upper level, never down. I just know that UE has a very strong support level, I assume it' s the asset value, the so called " prize" it captured when it bought over WBL.      Plus UE' s own commercial properties are very very sexy!
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Kyoto2008
Elite |
27-Dec-2014 01:07
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Don know, you may be right.    I noticed that the price chart has developed over the months with 2.90 initially being a very strong resistance point. After breaking through 2.90, price slipped back below, but went back up again quickly to that level.      It looks like the resistance point of 2.90 has now become a strong support. Look at the intraday play, always shoot back up to 2.90 and above. 3.20 seems a bit conservative, there isn' t a proper mark to market price offered by analysts, and one has to remember that UE went after WBL in a big way.    After buying over, they stripped WBL of the assets, leaving only the supposedly critical ones, we assume the China properties as they were talked about during the aggressive takeover of WBL.      I still cannot reconcile the fact that they did this without proper thinking or plan, obviously UE is not a fly by night co or a cuckoo bird, the board  comprises of  seasoned corporate finance people.    And OCBC director is  also on their board.         So my conclusion is that UE is now worth a lot more than the book value or so called RNAV that CIMB tries to  come up with  unconvincingly.  Do note that CIMB keep on changing the RNAV of UE, if I may say so they are blur as sotong!            
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Gingin
Member |
26-Dec-2014 10:23
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  There are probably a few things that were misinterpreted in this forum   1)announcement in August did not state that DD starts on that day but merely to state that charoen can do a DD which is speculated he had just started this month.pleade note there is no official announcement at all that he has undertake the DD 2)note the word ' exclusive' for 6 weeks..this word tells us that the first offer,if any will be by Ah chai and any speculation that other parties can come in now is impossible.talks are exclusive between ocbc and chai Given the way UE has dissected themselves, there will be a offer and my thoughts are in the 3.20 range but well, that really depends on RNAV. Note that ocbc WILL have to sell UE sooner or later and they chose to do it earlier and hopefully that gives them more time for bargaining power  Vested      |
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andreytan
Elite |
25-Dec-2014 20:49
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U go tell major shrholder dont sell, all of us here are peanut. If major shrholder all agree. and if 90% agree, we got to follow the rule.   |
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SOONEST
Member |
25-Dec-2014 11:58
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Whatever...i will let go my entire collection at 3.99 come 31 Jan 2015
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Kyoto2008
Elite |
24-Dec-2014 22:14
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$4.00.  Not one cent less. Don sell to Ah Chai for anything less than $4.00. We are the market.  Ah Chai needs to buy from the market, and that is us. Otherwise, he cannot control UE and do his Reits plan that I expect him to logically.    To make money. What he pays to UE shareholders is small beer compared to what he will earn from Reits. Don' t sell UE shares now.      that would be the biggest mistake you would ever make.
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Kyoto2008
Elite |
24-Dec-2014 22:10
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Reason for the price movement is that ppl are not sure if Ah Chai will buy the OCBC lot of UE shares. But if he won' t buy, then what would be the reason for Ah Chai to come back to the negotiating table. Maybe he won' t be 3.50, maybe he would pay only 3. And so if the final price for buying OCBC/GE is fixed at half way between 3 to 3.50, like 3.25, then for us holding UE shares, we need not sell to Ah Chai at 3.25.          If he is desperate for the shares, he would up the takeover price. So the price for OCBC is not so impt.  The final price is the one we should focus on.    And it would be way above the original price with OCBC/GE.  Why? Coz Ah Chai needs at least 51% to control UE.        And OCBC/GE can only give him max 34 to 36%. There' s a shortfall Ah Chai needs to buy from the market.    And we all here, we are the mkt.         |
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Sunstar
Senior |
24-Dec-2014 10:10
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Good movement up to break out above 2.90 again. | ||||
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SOONEST
Member |
22-Dec-2014 11:49
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Yah... seems both Kepland and Capland are eyeing the china properties...
think they will MAKAN up ue shares on open market whilst ah chye
muck around...
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kirana
Senior |
21-Dec-2014 10:54
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Lets see if he knows this one. I just read todays Sundays Times UEM Sunrise ads. A member of UEM group. Then there is UEM Land Berhad. Wonder i these is straight line into UE group Singapore or happen to have same name. Like we have Tan Ah Kow in both countries la |
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i_love_girls
Veteran |
21-Dec-2014 09:32
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Seems like kyoto knows everything sia! | ||||
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kirana
Senior |
21-Dec-2014 09:16
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Thats why I think absorbing 5% from open market means he will pay less for it. It could also be another competitor coming in to take a bite. |
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Kyoto2008
Elite |
20-Dec-2014 15:46
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Hope it' s true.  Let' s see some bidders come in at eat Ah Chai' s dinner. Hehe.  
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Kyoto2008
Elite |
20-Dec-2014 14:25
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See saw quite normal, most sellers are one or two lots, buay tahan  Ah Chai  took so long with the due diligence, MIA, then restart due diligence again. Big buyers also took up UE shares.      I see the trend moving up again as the clock ticks to midnight when show begins.      Inverted hammer on the chart on Friday. I think it' s Ah Chai' s little trick to break the patience of buyers by delaying the takeover of OCBC shares.      When they sell, possibly he and his gang probably already know what price they want to take over UE therefore will absorb  what' s sold in the mkt.      Every share  to him is one less to pay for when the price spirals up to $3.50 to $3.99.   |
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