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Latest Forum Topics / United Engineers  Post Reply
UE building up!
CraigFoo
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19-Jul-2017 10:53     
 
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 Alert Admin 		Property stocks are moving up very fast. Sooner or later smart money will come into UE at this price which is still very cheap

lglg666      ( Date: 19-Jul-2017 08:13) Posted:

Very lucky that can sold off at higher price than the offer price of $2.60 quite frankly I don't care what is game the BB is playing. The old money bags 💼 are leaving us to the dogs so to speak in order to save their own skin.

lglg666      ( Date: 19-Jul-2017 00:10) Posted:

Sold mine from $2.65 to 2.67 and licked a small wound. Luckily GLP restored my faith that there are some deals worth looking out for. Hopefully the next one is Rowsley. For the long suffering shareholders who had the sinking feeling ( like fallen in a quick sand hole )......now can try to reach out to grab something to hold onto.


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lglg666
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19-Jul-2017 08:13     
 
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 Alert Admin 		Very lucky that can sold off at higher price than the offer price of $2.60 quite frankly I don't care what is game the BB is playing. The old money bags 💼 are leaving us to the dogs so to speak in order to save their own skin.

lglg666      ( Date: 19-Jul-2017 00:10) Posted:

Sold mine from $2.65 to 2.67 and licked a small wound. Luckily GLP restored my faith that there are some deals worth looking out for. Hopefully the next one is Rowsley. For the long suffering shareholders who had the sinking feeling ( like fallen in a quick sand hole )......now can try to reach out to grab something to hold onto.


lglg666      ( Date: 13-Jul-2017 21:48) Posted:

Well said....better to lick the small wounds and live to fight another day. This deal just leave a sour after taste in the mouth
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investshare
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19-Jul-2017 08:03     
 
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 Alert Admin 		I am out too. Expect it to go below 2.60 after minority reject the deal.
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lglg666
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19-Jul-2017 00:10     
 
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 Alert Admin 		Sold mine from $2.65 to 2.67 and licked a small wound. Luckily GLP restored my faith that there are some deals worth looking out for. Hopefully the next one is Rowsley. For the long suffering shareholders who had the sinking feeling ( like fallen in a quick sand hole )......now can try to reach out to grab something to hold onto.


lglg666      ( Date: 13-Jul-2017 21:48) Posted:

Well said....better to lick the small wounds and live to fight another day. This deal just leave a sour after taste in the mouth.

MichaelSchenker      ( Date: 13-Jul-2017 20:32) Posted:

Yes, that may be true, but however, current price of 2.7+ reflects the sentiment of a take-over price, which is  anticipated to be higher.

Therefore, market reaction is, such that it will retreat back to, possibly 1.90 to 2.10 level. May take about 5 years of dividend to cover back.

C' mon guys, time to move on...if it' s  a losing  trade, I don' t think it' s really much. -10%? (mine is -3%) Afterall, we cannot expect to win all the time.

Better luck next time. Live to trade another day
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kyo56us
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18-Jul-2017 16:46     
 
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 Alert Admin 		Share price have been maintaining at $2.63-$2.64

so meaning somebody out there deem that $2.63 and $2.64 is a good price to accumulate.

maybe the " Somebody" Might be accumulating to buyout the company at cheap ? ( Fat Hope maybe i know..but i believe in fairy tale )

So there is basically a cut lost or buy hope.

Worst case sell at $2.60.. use 0.04 to buy " hope"


 
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AndyLoss
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18-Jul-2017 01:07     
 
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 Alert Admin 		what dobu think if we hold long time also ? why not sell this here and take up GLP at 3.30 ?

SgTrader17      ( Date: 18-Jul-2017 01:00) Posted:

2.64 & 2.60 not much diff lah.

$4 only then can see the difference.

But, need some time.

Or ... Long time, maybe.

AndyLoss      ( Date: 18-Jul-2017 00:38) Posted:

now atleast we are getting 2.63-2.64 later on this will reduce to 2.60 :) 
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SgTrader17
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18-Jul-2017 01:00     
 
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 Alert Admin 		2.64 & 2.60 not much diff lah.

$4 only then can see the difference.

But, need some time.

Or ... Long time, maybe.

AndyLoss      ( Date: 18-Jul-2017 00:38) Posted:

now atleast we are getting 2.63-2.64 later on this will reduce to 2.60 :) 

SgTrader17      ( Date: 18-Jul-2017 00:01) Posted:

Hm ...
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AndyLoss
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18-Jul-2017 00:38     
 
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 Alert Admin 		now atleast we are getting 2.63-2.64 later on this will reduce to 2.60 :) 

SgTrader17      ( Date: 18-Jul-2017 00:01) Posted:

Hm ...

tanakow      ( Date: 17-Jul-2017 23:38) Posted:

No $4 no sell
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SgTrader17
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18-Jul-2017 00:01     
 
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 Alert Admin 		Hm ...

tanakow      ( Date: 17-Jul-2017 23:38) Posted:

No $4 no sell.

AndyLoss      ( Date: 17-Jul-2017 22:08) Posted:

are you guys still holding or sold off ? 
 
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tanakow
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17-Jul-2017 23:38     
 
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 Alert Admin 		No $4 no sell.

AndyLoss      ( Date: 17-Jul-2017 22:08) Posted:

are you guys still holding or sold off ? 
 

leescums      ( Date: 17-Jul-2017 21:10) Posted:

OCBC and Great Eastern officially replaced by Perennial and Yanlord as the new majority shareholders in UE. this probably means unlikely to have a counter offer. i think the only way out is for UE to sell our WBL stake at 2.07 and then ask them to give a special dividend. also, next 2 days, need to see annocuement as to who is buying UE. 


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AndyLoss
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17-Jul-2017 22:08     
 
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 Alert Admin 		are you guys still holding or sold off ? 
 

leescums      ( Date: 17-Jul-2017 21:10) Posted:

OCBC and Great Eastern officially replaced by Perennial and Yanlord as the new majority shareholders in UE. this probably means unlikely to have a counter offer. i think the only way out is for UE to sell our WBL stake at 2.07 and then ask them to give a special dividend. also, next 2 days, need to see annocuement as to who is buying UE. 

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leescums
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17-Jul-2017 21:10     
 
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 Alert Admin 		OCBC and Great Eastern officially replaced by Perennial and Yanlord as the new majority shareholders in UE. this probably means unlikely to have a counter offer. i think the only way out is for UE to sell our WBL stake at 2.07 and then ask them to give a special dividend. also, next 2 days, need to see annocuement as to who is buying UE. 
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CraigFoo
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17-Jul-2017 12:43     
 
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 Alert Admin 		Whether it goes up or down after the offer of 2.6 is another issue totally. In other words, it depends on your reading of the market situation. What I'm saying now is at 2.6 now, there are definitely buyers coming in to buy.

investshare      ( Date: 15-Jul-2017 18:36) Posted:

Exactly this is their intent. They do not have so much to takeover while company. But they are forced to do privatisation bid. So shareholders rejecting their offer is exactly what they want. If this is true, price will drop only after privatisation bid fail.

CraigFoo      ( Date: 15-Jul-2017 13:27) Posted:

Market price is 2.67. Who will accept the 2.6 offer. It's just making a general offer due to regulations.
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not_98percent
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17-Jul-2017 12:20     
 
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 Alert Admin 		Interesting to note the buy-Q with over 4m while selling barely 10% of that. From the look of it, these purchases (& potential purchases) unlikely related to the consortium. 

Post-announcement, some analyst may also bring-out conflicted or biased views and of course those who jumped to sell (and openly declared), should just turn sour-grapes.

In the next few days, hopefully some positive development surfaces
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leescums
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15-Jul-2017 20:35     
 
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 Alert Admin 		shareholders dont have to reject their offer. i think that' s not the point of the board meeting because they do not want to takeover the company. I think the key focus here is the WBL stake. as UE shareholders we need them to buy it at 2.07 from us. then the whole UE game will be different. and the share price won' t tank. if these so-called tankers below 2.60, put ur money where ur mouth is and short? if u want to married deal below 2.60. how many lots u have I take all? Do ur homework la. Monday if it hits 2.60 or below, I am loading. 
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investshare
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15-Jul-2017 18:36     
 
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 Alert Admin 		Exactly this is their intent. They do not have so much to takeover while company. But they are forced to do privatisation bid. So shareholders rejecting their offer is exactly what they want. If this is true, price will drop only after privatisation bid fail.

CraigFoo      ( Date: 15-Jul-2017 13:27) Posted:

Market price is 2.67. Who will accept the 2.6 offer. It's just making a general offer due to regulations.

Clipper      ( Date: 15-Jul-2017 13:15) Posted:

As a shareholder of UE, we also own WBL (theorectically). So, if Yanlord/Parennial consortium is willing to pay $2.07 to OCBC/GE and parties for each share of WBL then each UE share should contain a $2.07 value of WBL component (from this transaction).
​ As shareholder of UE, if we accept $2.60 price, then we essentially ' relinquish' this $2.07 valuation of WBL which UE owns.
​ OCBC/GE and party will get $2.60 + $2.07 from the sale of UE and their direct share of WBL.
​ From UE shareholder point of view we get $2.60 only. This puts UE shareholders at the ' short end of the stick' , especially when Yanlord/Parennial consortium $2.60 offer price is below the book value of UE. I think it is unfair for UE shareholders to accept $2.60 price.    
​


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CraigFoo
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15-Jul-2017 13:27     
 
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 Alert Admin 		Market price is 2.67. Who will accept the 2.6 offer. It's just making a general offer due to regulations.

Clipper      ( Date: 15-Jul-2017 13:15) Posted:

As a shareholder of UE, we also own WBL (theorectically). So, if Yanlord/Parennial consortium is willing to pay $2.07 to OCBC/GE and parties for each share of WBL then each UE share should contain a $2.07 value of WBL component (from this transaction).
​ As shareholder of UE, if we accept $2.60 price, then we essentially ' relinquish' this $2.07 valuation of WBL which UE owns.
​ OCBC/GE and party will get $2.60 + $2.07 from the sale of UE and their direct share of WBL.
​ From UE shareholder point of view we get $2.60 only. This puts UE shareholders at the ' short end of the stick' , especially when Yanlord/Parennial consortium $2.60 offer price is below the book value of UE. I think it is unfair for UE shareholders to accept $2.60 price.    
​

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Clipper
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15-Jul-2017 13:15     
 
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 Alert Admin 		As a shareholder of UE, we also own WBL (theorectically). So, if Yanlord/Parennial consortium is willing to pay $2.07 to OCBC/GE and parties for each share of WBL then each UE share should contain a $2.07 value of WBL component (from this transaction).
​ As shareholder of UE, if we accept $2.60 price, then we essentially ' relinquish' this $2.07 valuation of WBL which UE owns.
​ OCBC/GE and party will get $2.60 + $2.07 from the sale of UE and their direct share of WBL.
​ From UE shareholder point of view we get $2.60 only. This puts UE shareholders at the ' short end of the stick' , especially when Yanlord/Parennial consortium $2.60 offer price is below the book value of UE. I think it is unfair for UE shareholders to accept $2.60 price.    
​
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MichaelSchenker
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14-Jul-2017 21:07     
 
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 Alert Admin 		" The consortium intends to maintain the listing status of UEL and will re-evaluate its position should UEL not meet the minimum public float requirement on the closing date of the offers."

Yanlord-led consortium takes 33.5% stake in United Engineers, triggering takeover (Amended)

Thursday, July 13, 2017 - 19:20


A CONSORTIUM led by Yanlord Land Group and Perennial Real Estate has acquired a 33.5 per cent stake in United Engineers Limited (UEL) at S$2.60 per share and a 10 per cent stake in WBL Corporation for S$2.07 per share.

It has committed to buy  another 19.9 per cent stake in WBL at a later date. The total purchase cost for these stakes is  S$729.7 million. 

The move has triggered a mandatory takeover for UEL.

At the offer prices, the consortium is valuing 100 per cent of UEL and 29.9 per cent of WBL at about S$1.83 billion.

Both Yanlord and Perennial had halted trading of their shares on Singapore Exchange on Wednesday pending the announcement.

The move marks Yanlord' s first foray into Singapore real estate market, after its public listing here in June 2006.

Yanlord chairman and CEO Zhong Sheng Jian said: " As a key global financial centre, Singapore' s real estate market continues to present a good value proposition for developers such as ourselves seeking to develop stable and recurring revenue streams."

Perennial CEO Pua Seck Guan said the partnership between Perennial and Yanlord brings together " synergistic skillsets and on-ground delivery capabilities, which will facilitate the unlocking of the potential value in United Engineers for all stakeholders" .

The consortium intends to maintain the listing status of UEL and will re-evaluate its position should UEL not meet the minimum public float requirement on the closing date of the offers.

In the event that the ordinary share offer for UEL becomes unconditional, this will trigger a " chain offer" for WBL at S$2.07 per share as UEL currently owns 67.6 per cent stake in WBL, which was delisted in February 2014.

Credit Suisse Group has advised OCBC and its insurance unit Great Eastern on the strategic review of their stakes in UEL since September.

Amendment Note: The story earlier mentioned that the S$729.7 million purchase price was for 33.5 per cent stake in UEL and a 10 per cent stake in WBL. It should be for 33.5 per cent of UEL and 29.9 per cent of WBL. The story has been amended to reflect this.

 

investshare      ( Date: 14-Jul-2017 20:25) Posted:

I also hope to get higher price. But how to fight?

OCBC can sell to whoever they want at whatever price they are happy.

Of course you can stop them from privatisation. But based on what I see, they do not intend to privatised in the first place.

Can other make offer? Of course they can. But they know Perennial and Yanlord would not accept. So unlikely anyone will go this path?



goldeneye      ( Date: 14-Jul-2017 19:10) Posted:

PA today:- looks high probability (praying hard) a or some deep pocket kind hearted Value Investors already inside then " buay' sooong' " about that kns' deal!
                    Hopefully some smart guys coming in to fight for such Iconic 100years old Brand Name(NTA valuation/with latest land tendering results mostly bursting at the seams) - to upLift us the small retail investors  
                    in such helpless situation ! Wth merciless negotiation/transaction with No thoughts on thee faithful retail investor' s hard earned money!
' m sure very sure there are many/plenty of Smart Deep pocket investors around. I ' m still keeping my fingers crossed. There' s still light at thee end in this tunnel ! thee name UE. speaks for herself.
majullah UE.
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investshare
Supreme
14-Jul-2017 20:25     
 
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 Alert Admin 		I also hope to get higher price. But how to fight?

OCBC can sell to whoever they want at whatever price they are happy.

Of course you can stop them from privatisation. But based on what I see, they do not intend to privatised in the first place.

Can other make offer? Of course they can. But they know Perennial and Yanlord would not accept. So unlikely anyone will go this path?



goldeneye      ( Date: 14-Jul-2017 19:10) Posted:

PA today:- looks high probability (praying hard) a or some deep pocket kind hearted Value Investors already inside then " buay' sooong' " about that kns' deal!
                    Hopefully some smart guys coming in to fight for such Iconic 100years old Brand Name(NTA valuation/with latest land tendering results mostly bursting at the seams) - to upLift us the small retail investors  
                    in such helpless situation ! Wth merciless negotiation/transaction with No thoughts on thee faithful retail investor' s hard earned money!
' m sure very sure there are many/plenty of Smart Deep pocket investors around. I ' m still keeping my fingers crossed. There' s still light at thee end in this tunnel ! thee name UE. speaks for herself.
majullah UE.
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