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LeeMetal
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1234567
Senior |
21-Feb-2018 20:20
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STEEL prefabrication firm BRC Asia is offering to buy fellow steel player Lee Metal Group at an offer price of 42 Singapore cents for each share, with the aim of delisting the company if it achieves the requisite acceptances.
The offer price represents a premium of 9.1 per cent to Lee Metal's last traded price of 38.5 Singapore cents, and 21.4 per cent to its volume-weighted average price for the three-month period up to the last trading day. BRC Asia said that the two businesses are complementary and sees potential synergies from the acquisition. These include cross-selling an enlarged customer base, economies of scale, improvement in productivity and cost efficiency, as well as sharing of best practices. |
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1234567
Senior |
21-Feb-2018 20:18
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http://www.businesstimes.com.sg/companies-markets/brc-asia-makes-offer-for-lee-metal-group | ||||
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guards80
Supreme |
21-Feb-2018 18:15
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PRECONDITIONAL OFFER ANNOUNCEMENT
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ForrestGump
Member |
21-Feb-2018 15:48
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Lol premium was priced in | ||||
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triphopper
Senior |
21-Feb-2018 12:47
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Likely to be taken private. Majority shareholders all have one thing in common. Hahahaha.... | ||||
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ForrestGump
Member |
21-Feb-2018 12:41
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hmm trading halt? |
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Berani
Elite |
17-Nov-2017 14:51
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all the metal company move... this still quiet.
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SgYuan
Supreme |
16-Nov-2017 10:59
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Px 400 EW 360-w1 410- w2 390 - w3 - w4 -w5 abc w4 w1 delta 50 w2 delta 30, drop 60% w3 up 161.8%=80, tgt 470 w4 dn 38.2%=30, tgt 440 w5 up 100%=490 But w2 is dragging a little long, look weak. Becareful, if px touch 360, close it.
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SgYuan
Supreme |
16-Nov-2017 10:44
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The EW is base on 40 days trend. It is too long. I will revise again later.
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littlew0rm
Member |
16-Nov-2017 09:38
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Hi SgYuan, which wave is Lee Metal at now?
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1234567
Senior |
13-Nov-2017 12:22
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http://www.businesstimes.com.sg/companies-markets/lee-metal-inks-mou-on-potential-offer-shares-hit-3-year-high-before-announcement | ||||
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SgYuan
Supreme |
12-Nov-2017 12:50
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Px 385
Woh on a very powerful uptrend EW. EW 295-w1 390-w2 360-w3 tgt ? w2 drop only 31% instead of 61.8%. w3 tgt 510 and most likely a ext EW. w4 tgt 455(drop 38.2% of w3) w5 tgt1 550 w5 tgt2 605(w3 ext EW) abc near w4 455. Can accumulate now and ride the wave. |
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madboysg
Member |
25-Oct-2017 19:54
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madboysg
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25-Oct-2017 19:50
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Sorry target level is 415 instead of 314 | ||||
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madboysg
Member |
25-Oct-2017 19:37
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CIMB recommanded to buy based on TA. stop loss 340 below target 400 / 314 / 430 . 460 |
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madboysg
Member |
25-Oct-2017 10:14
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near NTA per share. Based on FY2016, it was 38/39 per share. agreed with goo divided yield in last few years, as almost 50% of the share holding are in brothers and sisters. |
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1234567
Senior |
24-Oct-2017 19:46
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Something brewing ...
Raise from 30cts (29 Sept) to 37.5cts (24 Oct) within less than a month !! |
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1234567
Senior |
24-Oct-2017 19:38
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Dividend trend:
2017: 4.53% 2016: 5.33% 2015: 5.33% 2014: 9.33% 2013: 6.67% 2012: 5.33% |
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madboysg
Member |
23-Oct-2017 22:51
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Up 2 cents with high volume. closed at 36. showtime is coming ?? another BRC ?? |
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bishan22
Supreme |
05-Apr-2017 20:11
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R they still giving good div..?? | ||||
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