Back

Latest Forum Topics / Delong

Post Reply

Delong trading 4.0 EPS 2.7 Post Reply Rate topic
Starship Supreme	30-Jul-2019 08:59        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	What a joke.  Securities watchdog censures advisers in failed 2018 Delong buy-out CEO revives cash offer MON, JUL 29, 2019 - 7:39 PM THE chief executive of Delong Holdings revived his bid to privatise the company on Monday, even as the Securities Industry Council (SIC) ruled that an aborted buy-out attempt in late 2018 breached Singapore&rsquo s takeover code. Delong CEO Ding Liguo - who is also executive chairman of the company - has again made a voluntary conditional cash offer of S$7 a share, through an offer vehicle that he owns with his spouse, Zhao Jing. The offeror and its concert parties together now hold an 81.48 per cent interest in the mainboard-listed steelmaker, which the deal values at S$771.3 million. Meanwhile, a five-person committee put together by the SIC has censured all those involved in the original, failed deal - that is, the offeror its financial adviser, PrimePartners Corporate Finance and its legal adviser, Shook Lin & Bok. The Dings pulled out of their earlier offer on Oct 11, 2018, after just two weeks, as  Shook Lin & Bok realised that a concert party of offer vehicle Best Grace Holdings had bought a 15.04 per cent stake in Delong at a higher price of S$7.42 a share in June 2018 - or less than six months before the offer. Under the Singapore Code on Takeovers and Mergers, the offeror was thus obliged to make a cash offer to shareholders at an offer price of S$7.42, but did not do so. While the SIC gave it the chance to raise the initial offer price, the offeror could not secure the financing needed and the offer was scuppered. The SIC committee has decided not to make anyone compensate Delong shareholders, given what it deemed &ldquo the limited impact of the breach&rdquo , as the rule-breaking was spotted soon after the announcement of the offer, and the offer was pulled before the offer document was sent out. https://www.businesstimes.com.sg/companies-markets/securities-watchdog-censures-advisers-in-failed-2018-delong-buy-out-ceo-revives
Useful To Me  Not Useful To Me
SmallSmall Supreme	29-Oct-2018 10:02        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	5.13 mil was indeed bought by the major shareholder bringing his stake to 81.48%. Hopes he launches another GO @ $7.00 in December 2018 upon expiry of the 6 month highest price paid limit rule. SmallSmall      ( Date: 25-Oct-2018 22:42) Posted: 5.13 mil married at $7.00 today. That is about 4.65%. Pretty sizable. Likely to be bought by major shareholder as he bid for 6 month expiry (from June 2018) before relaunching another GO at $7.00.
Useful To Me  Not Useful To Me
SmallSmall Supreme	25-Oct-2018 22:42        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	5.13 mil married at $7.00 today. That is about 4.65%. Pretty sizable. Likely to be bought by major shareholder as he bid for 6 month expiry (from June 2018) before relaunching another GO at $7.00.
Useful To Me  Not Useful To Me
Secret_Squirrel Elite	16-Oct-2018 17:15        Secret_Squirrel About Contact  Quote this Post!   Yells: "Stay curious but skeptical"
x 0   x 0  Alert Admin	Next year AGM sure Kenna question by shareholder Jia lat lat.  Thi654321ABCDEF      ( Date: 12-Oct-2018 14:11) Posted: offer cancelled or not ysh2006      ( Date: 12-Oct-2018 11:54) Posted: The RTO cancelled ,$7.00 too cheap need to increase to $7.50 but boss buy at that price less than six mths ago...
Useful To Me  Not Useful To Me
Thi654321ABCDEF Master	12-Oct-2018 14:11        Thi654321ABCDEF About Contact  Quote this Post!
x 0   x 0  Alert Admin	offer cancelled or not ysh2006      ( Date: 12-Oct-2018 11:54) Posted: The RTO cancelled ,$7.00 too cheap need to increase to $7.50 but boss buy at that price less than six mths ago.... Secret_Squirrel      ( Date: 03-May-2018 20:44) Posted: Results just out.
Useful To Me  Not Useful To Me
ysh2006 Supreme	12-Oct-2018 11:54        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The RTO cancelled ,$7.00 too cheap need to increase to $7.50 but boss buy at that price less than six mths ago.... Secret_Squirrel      ( Date: 03-May-2018 20:44) Posted: Results just out. Secret_Squirrel      ( Date: 17-Apr-2018 12:28) Posted: Take a look at the market depth of this counter before you trade to have a better understanding of how many are queuing to buy or sell at a certain price. Some brokage like Maybank Kim Eng is giving free access until June 2018.
Useful To Me  Not Useful To Me
Secret_Squirrel Elite	03-May-2018 20:44        Secret_Squirrel About Contact  Quote this Post!   Yells: "Stay curious but skeptical"
x 0   x 0  Alert Admin	Results just out. Secret_Squirrel      ( Date: 17-Apr-2018 12:28) Posted: Take a look at the market depth of this counter before you trade to have a better understanding of how many are queuing to buy or sell at a certain price. Some brokage like Maybank Kim Eng is giving free access until June 2018.  BBBulll      ( Date: 13-Apr-2018 13:50) Posted: This giant waking up
Useful To Me  Not Useful To Me
Secret_Squirrel Elite	17-Apr-2018 12:28        Secret_Squirrel About Contact  Quote this Post!   Yells: "Stay curious but skeptical"
x 0   x 0  Alert Admin	Take a look at the market depth of this counter before you trade to have a better understanding of how many are queuing to buy or sell at a certain price. Some brokage like Maybank Kim Eng is giving free access until June 2018.  BBBulll      ( Date: 13-Apr-2018 13:50) Posted: This giant waking up
Useful To Me  Not Useful To Me
BBBulll Senior	13-Apr-2018 13:50        BBBulll About Contact  Quote this Post!
x 0   x 0  Alert Admin	This giant waking up
Useful To Me  Not Useful To Me
BBBulll Senior	26-Mar-2018 14:51        BBBulll About Contact  Quote this Post!
x 0   x 0  Alert Admin	Waking up
Useful To Me  Not Useful To Me
SgYuan Supreme	14-Mar-2018 09:48        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	By Elliott wave, one EW typical 8waves. w1 to w5 wa wb wc. w1 delta=163=407-344 UnicornSG      ( Date: 14-Mar-2018 09:36) Posted: How to read this? SgYuan      ( Date: 13-Mar-2018 20:49) Posted: EW 344 w1 507 w2 389 w3? w1 163 w2 118, drop 72% w3 263, tgt 652 (161.8%) Use as a guide by EW theory. Tgt is base on typical %
Useful To Me  Not Useful To Me
UnicornSG Member	14-Mar-2018 09:36        UnicornSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	How to read this? SgYuan      ( Date: 13-Mar-2018 20:49) Posted: EW 344 w1 507 w2 389 w3? w1 163 w2 118, drop 72% w3 263, tgt 652 (161.8%) Use as a guide by EW theory. Tgt is base on typical %
Useful To Me  Not Useful To Me
Lucas4 Veteran	14-Mar-2018 09:05        Lucas4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	benifit from usa tax
Useful To Me  Not Useful To Me
sfnssie Member	13-Mar-2018 21:18        sfnssie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Delong (BQO) has an ongoing P/E of 1.42, which indicates that it is  still highly undervalued.  RSI(14) stands at 55.3 with positive bias, according to s g x . s t o x l i n e.
Useful To Me  Not Useful To Me
SgYuan Supreme	13-Mar-2018 20:49        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	EW 344 w1 507 w2 389 w3? w1 163 w2 118, drop 72% w3 263, tgt 652 (161.8%) Use as a guide by EW theory. Tgt is base on typical %
Useful To Me  Not Useful To Me
Lucas4 Veteran	13-Mar-2018 15:30        Lucas4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The guy is comimg. dont miss it.
Useful To Me  Not Useful To Me
Secret_Squirrel Elite	12-Mar-2018 17:47        Secret_Squirrel About Contact  Quote this Post!   Yells: "Stay curious but skeptical"
x 0   x 0  Alert Admin	For the time beingdon' t waste time on this counter.  Will revisit thiscounter in April.  UnicornSG      ( Date: 12-Mar-2018 11:09) Posted: it fluctuate a lot for the past 1 month. nobody observe this counter?
Useful To Me  Not Useful To Me
UnicornSG Member	12-Mar-2018 11:09        UnicornSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	it fluctuate a lot for the past 1 month. nobody observe this counter?
Useful To Me  Not Useful To Me
Laksman Member	29-Jan-2018 18:03        Laksman About Contact  Quote this Post!
x 0   x 0  Alert Admin	So*
Useful To Me  Not Useful To Me
Laksman Member	29-Jan-2018 17:56        Laksman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yeah, their net cash is 4.40sgd but trading do undervalued. Sure can go higher.
Useful To Me  Not Useful To Me

                                                         First   1-20 of 22   Older>   Last