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United Engineers
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pirateboy
Member |
14-Feb-2015 00:43
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is there any alternative buyer for UE so far? |
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Kyoto2008
Elite |
14-Feb-2015 00:37
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Nope, OCBC price dropped because they missed analysts' forecasts and bad loans ballooned up.    Nothing to do with UE. If anything, OCBC would be happy to dispose of UE at a handsome profit.  I think it' s stingy Ah Chai who' s delaying the whole thing so as to get the best price.
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mrwonderful
Veteran |
14-Feb-2015 00:08
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Closed deal =   Got takeover offer? Anyway deadline passed but no sound. So that definitely means no extension => Either they already agreed on takeover or Chaoren walking away? Interesting. Will have a definite conclusion by Monday then.
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nea03177
Senior |
13-Feb-2015 22:58
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If by 2359 deadline still no announcement of extension of time for due diligence means deal is already closed. Just my guess.
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superuser
Member |
13-Feb-2015 21:19
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There is no rush for them to make the announcement regardless of the outcome. Willing buyer, willing seller. Ultimately, they must agree on the price. The buyout price could be more if not the same offer. I am relatively optimistic in the outcome. |
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risktaker
Supreme |
13-Feb-2015 20:13
Yells: "Posts are opinions. Do not take it as investment advise " |
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Not yet cos no deal so far.... pretty good bet if u have short cos 2359 deal expire... 3hour plus more to go lol
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nea03177
Senior |
13-Feb-2015 20:08
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they announce no deal?
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risktaker
Supreme |
13-Feb-2015 19:53
Yells: "Posts are opinions. Do not take it as investment advise " |
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Guess shorters will make alot on monday hahha...no deal.. | ||||
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charliel3ong
Senior |
13-Feb-2015 16:05
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hmm, still waiting. meanwhile OCBC drop quite a bit today. wonder there' s any relation to this deal. |
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mrwonderful
Veteran |
13-Feb-2015 15:59
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Maybe Ah Thai only offer around 3.20..Lousy. Watch last half hour might have better clue. Today was bad, thought traders would try to test new highs at least. |
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charliel3ong
Senior |
13-Feb-2015 14:54
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but the rumour, sell the fact. |
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kirana
Senior |
13-Feb-2015 14:49
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I expect too. But with a twist. |
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hem2998
Veteran |
13-Feb-2015 14:45
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i expect a deal to be done.  
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kirana
Senior |
13-Feb-2015 14:17
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If tonight no deal, then wait for next deal. |
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charliel3ong
Senior |
13-Feb-2015 13:12
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pullback to 3.17, anyone has any updates? or still rumours? |
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nea03177
Senior |
13-Feb-2015 12:14
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You mean no deal? I say tonight at 7 plus, announcement got deal. Yesterday by this time volume very high. Now volume still not too high, no panic throwing. I long and buying more. See how? Happy Valentine's Day or not to be?
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ytoh1688
Veteran |
13-Feb-2015 11:16
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doesnt look like its happening... |
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kirana
Senior |
13-Feb-2015 10:38
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SGX already advice trade with caution. SO for now, activities are all traders, small investors, shorters, longers. I do beleive there are some funds or individuals taking advantage of this volatility. But this is open market. It is completely fair. |
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charliel3ong
Senior |
13-Feb-2015 10:09
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that would be disastrous (unlikely though not impossible), or ' good news' for short sellers, but i dont think that news will come in until after market close. or if it such rumours do come in, we should see the price heading below 3.1 and towards 2.90 before close. |
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mrwonderful
Veteran |
13-Feb-2015 09:42
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Same, yeah. Sadly for retail investors, traders made it out to be so volatile. IMO, it will be so strange that after TCC approached OCBC to buy UE and after a long 5.5 months of talks US indices at all time high and UE disposing of their non-property assets -- tonight TCC announces: Sorry but after extensive discussions, we do not wish to purchase UE. Thank you and have a nice day. Everybody would be like err... okay. haha
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