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Kyoto2008 Elite	13-Dec-2014 21:26        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The single biggest beneficiary of low oil prices is who? China.    A quarter of mandkind. UE having properties in China that is recorded at " cost" , not market value. See why UE only has upward price movement? Kyoto2008      ( Date: 13-Dec-2014 21:23) Posted: I believe UE is a done deal. What we are seeing is the Wayang.        So far, it is 100% retailers' activity on the mkt buying and selling UE shares. This is phase 1. When we enter phase 2, corporates come into play.            Price action would be very different. Kyoto2008      ( Date: 13-Dec-2014 21:04) Posted: Bro, just supposing OCBC sells to Ah Chai at $3.55, Ah Chai only obtains 34 or 36 per cent of UE share, he still need to coax the rest of shareholders to accept his offer of $3.55.  But if UE is worth like $7 buck why would any shareholder want to sell at $3.55? So UE price is definitely gonna go up to $4 at least, and maybe more.
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Kyoto2008 Elite	13-Dec-2014 21:23        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I believe UE is a done deal. What we are seeing is the Wayang.        So far, it is 100% retailers' activity on the mkt buying and selling UE shares. This is phase 1. When we enter phase 2, corporates come into play.            Price action would be very different. Kyoto2008      ( Date: 13-Dec-2014 21:04) Posted: Bro, just supposing OCBC sells to Ah Chai at $3.55, Ah Chai only obtains 34 or 36 per cent of UE share, he still need to coax the rest of shareholders to accept his offer of $3.55.  But if UE is worth like $7 buck why would any shareholder want to sell at $3.55? So UE price is definitely gonna go up to $4 at least, and maybe more.   Kyoto2008      ( Date: 13-Dec-2014 20:56) Posted: CIMB is not so detailed in the sense that it didn' t cover the China properties.    Frankly CIMB is the only analyst that try to cover UE.      It' s not an easy job to find out exactly how much UE is worth, this is the reason analysts try to siam UE and keep silent.    But knowing this, and having already obtained some figures, wouldn' t it be an advantage for the investor to take advantage of the situation? Why OCBC don sell out to Ah Chai cheap? At mkt price?        Coz OCBC also knows the value of UE.      Why there is a delay since Aug?      Is it because OCBC wanted a higher price? Can only see UE will keep going higher and higher once retailers find out that it is a totally undervalued stock. And of course Lippo, OUE, Straits Trading, etc, they are lurking in the background waiting for the right moment.
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Kyoto2008 Elite	13-Dec-2014 21:04        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, just supposing OCBC sells to Ah Chai at $3.55, Ah Chai only obtains 34 or 36 per cent of UE share, he still need to coax the rest of shareholders to accept his offer of $3.55.  But if UE is worth like $7 buck why would any shareholder want to sell at $3.55? So UE price is definitely gonna go up to $4 at least, and maybe more.   Kyoto2008      ( Date: 13-Dec-2014 20:56) Posted: CIMB is not so detailed in the sense that it didn' t cover the China properties.    Frankly CIMB is the only analyst that try to cover UE.      It' s not an easy job to find out exactly how much UE is worth, this is the reason analysts try to siam UE and keep silent.    But knowing this, and having already obtained some figures, wouldn' t it be an advantage for the investor to take advantage of the situation? Why OCBC don sell out to Ah Chai cheap? At mkt price?        Coz OCBC also knows the value of UE.      Why there is a delay since Aug?      Is it because OCBC wanted a higher price? Can only see UE will keep going higher and higher once retailers find out that it is a totally undervalued stock. And of course Lippo, OUE, Straits Trading, etc, they are lurking in the background waiting for the right moment. Sunstar      ( Date: 13-Dec-2014 20:41) Posted: Appreciate your view. I am using CIMB' s nov 2014 report as a gauge. Cimb says its Rnav is around $3.55 per share vs it' s current Nav of $2.82. It is fair to say Ocbc and ge could demand at least chai pays current Rnav or premium to it. For me, I am happy to see $3.50 as the first bid and lead to eventual bidding war to gradually increase .
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Kyoto2008 Elite	13-Dec-2014 20:56        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	CIMB is not so detailed in the sense that it didn' t cover the China properties.    Frankly CIMB is the only analyst that try to cover UE.      It' s not an easy job to find out exactly how much UE is worth, this is the reason analysts try to siam UE and keep silent.    But knowing this, and having already obtained some figures, wouldn' t it be an advantage for the investor to take advantage of the situation? Why OCBC don sell out to Ah Chai cheap? At mkt price?        Coz OCBC also knows the value of UE.      Why there is a delay since Aug?      Is it because OCBC wanted a higher price? Can only see UE will keep going higher and higher once retailers find out that it is a totally undervalued stock. And of course Lippo, OUE, Straits Trading, etc, they are lurking in the background waiting for the right moment. Sunstar      ( Date: 13-Dec-2014 20:41) Posted: Appreciate your view. I am using CIMB' s nov 2014 report as a gauge. Cimb says its Rnav is around $3.55 per share vs it' s current Nav of $2.82. It is fair to say Ocbc and ge could demand at least chai pays current Rnav or premium to it. For me, I am happy to see $3.50 as the first bid and lead to eventual bidding war to gradually increase .  Kyoto2008      ( Date: 13-Dec-2014 20:00) Posted: Must add.    Takeover is immune to mkt conditions. Ah Chai wants to buy UE.      How much UE gets sold is not dependent on mkt conditions like STI or DJ or S& P.          It' s how much Ah Chai or other bidders are willing to pay for UE shares. I would think it' s a gd option to long UE now.    While it is still cheap.    Switch portfolio.    UE is going up.    For sure.
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Sunstar Senior	13-Dec-2014 20:41        Sunstar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Appreciate your view. I am using CIMB' s nov 2014 report as a gauge. Cimb says its Rnav is around $3.55 per share vs it' s current Nav of $2.82. It is fair to say Ocbc and ge could demand at least chai pays current Rnav or premium to it. For me, I am happy to see $3.50 as the first bid and lead to eventual bidding war to gradually increase .  Kyoto2008      ( Date: 13-Dec-2014 20:00) Posted: Must add.    Takeover is immune to mkt conditions. Ah Chai wants to buy UE.      How much UE gets sold is not dependent on mkt conditions like STI or DJ or S& P.          It' s how much Ah Chai or other bidders are willing to pay for UE shares. I would think it' s a gd option to long UE now.    While it is still cheap.    Switch portfolio.    UE is going up.    For sure.
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Kyoto2008 Elite	13-Dec-2014 20:00        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Must add.    Takeover is immune to mkt conditions. Ah Chai wants to buy UE.      How much UE gets sold is not dependent on mkt conditions like STI or DJ or S& P.          It' s how much Ah Chai or other bidders are willing to pay for UE shares. I would think it' s a gd option to long UE now.    While it is still cheap.    Switch portfolio.    UE is going up.    For sure.
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Kyoto2008 Elite	13-Dec-2014 19:48        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The buyer, Ah Chai (short for Charoen), he went public in Aug, said he will buy UE.    And then he went underground, totally MIA.    And now, when all the mkts look to be going into correction, Ah Chai, Mr BIG DOLLARS, he let go news that he is doing due  diligence on UE. From Aug till Dec, that' s four months. I can' t understand why  he did that.  Perhaps due to mkt highs and lows, perhaps due to finance, perhaps due to his son or daughter or whatever.        Is this really important? The fact is Ah Chai comes back to buy UE. And we all know UE is really dammed undervalued.  $4.00 is a little low, it has to be for Ah Chai to get hooked.    But if you can get $1 gain, why not go for it?
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Kyoto2008 Elite	13-Dec-2014 19:36        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	UE bought Wearnes.      Value of the properties now in UE is a lot more than stated in the books. Kyoto2008      ( Date: 29-Oct-2014 01:13) Posted: Read this article done in 2010 on Wearnes.    Ignore all the other businesses &   subsidiaries, just focus on the China properties.    UE paid slightly over $4.00 for Wearnes ($4.15?).  If what the article says is accurate, Wearnes is worth $7.47 per share.        Kim Eng also mentioned that the Chinese properties were stated at cost in Wearne' s books, but noone really did a thorough study on the value of these properties.    Since the Wearnes China properties are now in UE' s books, they need to be valued at market price in order for OCBC and Charoen to agree at a fair value for sale/purchase of the 36% stake in UE.  So perhaps this is why the whole discussion is taking a longer time than earlier stated.      But for us retailers, it looks like there' s a lot of meat for everyone who hold UE shares now as  UE' s  market value  does seem to be a lot more than analysts' estimates.      So the delay is good news, we are possibly going to get a higher price as the OCBC price to Charoen will set a first benchmark.  The higher that price, the better for us retailers.  Of course, we can hold out for an even higher price, see if all co operate.   .From SG Value Stocks Thursday, February 25, 2010 Why WBL Corp   BACKGROUND INFORMATION FROM SGXThe Company was incorporated in 1912, under the name CFF Wearne & Co as a public company. However, it traces its history to a family automotive business in the early 1900s. WBL Corporation Ltd (&ldquo Wearnes&rdquo ) is a dynamic international group with key activities in Technology Manufacturing, Automotive Distribution and Technology Solutions. Management continues to focus on building the Group&rsquo s operational and technical expertise to keep Wearnes in the forefront with the leaders in these areas and to build and sustain shareholder value. Today, Wearnes is ranked among the top 75 companies by market capitalisation on the SGX-ST and has revenues of some S$2 billion with operations in over 10 countries.   While the company' s main revenue (and profit) drivers are from technology, the company' s substantial landbank in China is of keen interest to us. WBL Corp also has various property assets in Singapore, Malaysia and a sand mine in Australia, all of which have potential for future property development. The company generally trades with low liquidity and suffers from a lack of broker coverage, and thus has a higher potential of being an undervalued stock. Is that really the case? Let' s examine the company' s underlying assets to find out more: Outstanding Shares The company issued $158,427,479 worth of convertible bonds back in April 2009 (at $1 par, convertible at $2.29). As of 31 Dec 2009, there remain 37,117,474 shares to be issued to satisfy the convertible issue, which means that there are 281,924,862 fully diluted shares outstanding (including unissued ESOS). This brings market cap to a manageable $1.4 billion (at today' s close). Brief valuation overview Last reported NAV per share: $3.34 (price-to-book 1.5X) Fully diluted NAV per share: $2.89 (price-to-book 1.74X)   Of course, NAV is not a good reflection of WBL' s underlying value, considering the many assets (including the huge undeveloped landbank) which are carried at book value. However, based on book value alone, valuations are already not demanding. Chinese property assets The company' s FY2009 (end Sep 2009) annual report lists the various development properties and undeveloped landbank in five cities in China - Shenyang, Chengdu, Chongqing, Suzhou and Shanghai. To be conservative, we have simply assumed that all WBL' s development properties in China are undeveloped land, and have looked at recently transacted land prices as a gauge of valuation.     Land Area (sqm) Estimated Price per sqm (RMB) Estimated Valuation (in RMB) Shenyang, China 134,432 3000 403,297,200 Chengdu, China 325,864 4000 1,303,456,000 Chongqing, China 51,660 1300 67,157,740 Suzhou, China 133,502 1300 173,552,197 Shanghai, China 213,869 7000 1,497,081,600 Total     3,444,544,737 According to our estimates, the Chinese property assets are worth at least RMB 3.4 billion, or about $706 million. Assuming the stake in Ampwalk (KL) is worth RM550psf, the 2,451 sqm of commercial property adds another $6 million to " development properties" for a total of $712 million. These assets are carried at $258.5 million on the balance sheet (as at 30 Sep 2009). Listed Equities WBL Corp owns substantial stakes in three listed companies - Singapore-listed MFS Technology (77%), Nasdaq-listed Multi-Fineline Electronix Inc (58%), and Singapore-listed United Engineers (about 9.2%, classified as available-for-sale non-current financial assets on the balance sheet). As at 25 February 2010, these stakes were collectively worth $614.9 million (based on market value).   Listed Equity investments (as at 25 Feb 2010)   MFS Tech $113,653,800.00 MULTI-FINELINE ELECTRONIX INC., $457,369,208 United Engineers $43,858,240   $614,881,248.23 Debt position Looking at the balance sheet on 31 Dec 2009, WBL' s cash and receivables exceed total liabilities by about $75 million. Other unlisted entities This consists of all the other major businesses - automotive, construction, the Australian sand mining operations etc. Most of these businesses are profitable but we are not going to attribute any value to them first. Stock appears undervalued Based on the market values of the three listed entities and our conservative estimates for the Chinese development properties (including the Ampwalk property in KL), and factoring in net cash of $75 million, we arrive at $1.4 billion, which indicates that we are getting all other businesses (the unlisted entities) for free. Notwithstanding this, the Chinese assets have been valued conservatively (as if they were raw undeveloped land, at slightly lower than market prices), so we are getting the future development potential of the land for free as well. Throw in the long history of the company with a good track record of corporate governance, and we are getting exposure to the lucrative Chinese property market via the guise of an under-researched technology company.   A target price is difficult to derive, but assuming an RNAV of $1.1 billion for the development properties, and another $400 million for the unlisted businesses (according to Kim Eng' s estimates), coupled with the $615 million listed equities, we can derive a $7.47 RNAV for WBL Corp.
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Sunstar Senior	13-Dec-2014 19:22        Sunstar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi kyoto2008, what's your valuation measure used to derive at $3.50-$4.00 potential TO price? Thanks Kyoto2008      ( Date: 11-Dec-2014 23:25) Posted: I' ve been a trader, a full time trader from 1st May until  31st  Oct this year. I monitored UE' s price from Aug till now. Tho I' ve loss and won on many shares in SG mkt during these 6 mnths as a full time trader, believe I' ve never lost in trading in UE shares. As a trader, the stability and predictability of price is of utmost importance, hence studies are focused on charts, fundamentals, and news. To share with you, my routine is to wake up at 7 in the morning, boil water for my mother, maybe cook something nice, water the plants, and then full attention is spent on the mkt until 5 pm when it closes.  That was my life for 6 months. Made money, yes it' s possible to make a lot of money.    But one mistake can cost you big time and wipe out all your gains.  This was what happened to me. I would just surmise that it' s not good to make on the spot decisions.    You need to study fundamentals of the company you are buying, look closely  for patterns  in the charts,  try to get news of developments.        I am strong in fundamentals, learnt to be strong in charting.  For news, it' s always an issue due to  the slower speed at which ordinary people receive critical news  updates, but I tried. You know something?  My conclusion now is that in the SG mkt, the best formula is wait for bad news and do shorting when it occurs, which may be once a year.    Don keep any SG stocks for long term. Why?    It' s to do with the economy, our business model.        I don wan to go into details,    It started in 1959, it' s all I can say.            SG don have good solid companies to invest in. But then, why is it I' ve not lost on UE?      Fundamentals, news was what led me to believe UE is a good short term investment vehicle.        If you look at the chart of UE, it' s been quite a stable stock, price movement is limited, and very very predictable. That is from Aug till now.      And now comes the juicy part.    Takeover is about to begin.  Price will spiral up.        How can it go down?    Unless Ah Chai totally gives up, and what are the chances he will give up?    You know his track record, this guy is a pitbull, he bites and does not let go. Now price go up and down because buyers and sellers are you and me, retailers.    Once Ah Chai bites price continues to up and up.
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Kyoto2008 Elite	11-Dec-2014 23:25        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' ve been a trader, a full time trader from 1st May until  31st  Oct this year. I monitored UE' s price from Aug till now. Tho I' ve loss and won on many shares in SG mkt during these 6 mnths as a full time trader, believe I' ve never lost in trading in UE shares. As a trader, the stability and predictability of price is of utmost importance, hence studies are focused on charts, fundamentals, and news. To share with you, my routine is to wake up at 7 in the morning, boil water for my mother, maybe cook something nice, water the plants, and then full attention is spent on the mkt until 5 pm when it closes.  That was my life for 6 months. Made money, yes it' s possible to make a lot of money.    But one mistake can cost you big time and wipe out all your gains.  This was what happened to me. I would just surmise that it' s not good to make on the spot decisions.    You need to study fundamentals of the company you are buying, look closely  for patterns  in the charts,  try to get news of developments.        I am strong in fundamentals, learnt to be strong in charting.  For news, it' s always an issue due to  the slower speed at which ordinary people receive critical news  updates, but I tried. You know something?  My conclusion now is that in the SG mkt, the best formula is wait for bad news and do shorting when it occurs, which may be once a year.    Don keep any SG stocks for long term. Why?    It' s to do with the economy, our business model.        I don wan to go into details,    It started in 1959, it' s all I can say.            SG don have good solid companies to invest in. But then, why is it I' ve not lost on UE?      Fundamentals, news was what led me to believe UE is a good short term investment vehicle.        If you look at the chart of UE, it' s been quite a stable stock, price movement is limited, and very very predictable. That is from Aug till now.      And now comes the juicy part.    Takeover is about to begin.  Price will spiral up.        How can it go down?    Unless Ah Chai totally gives up, and what are the chances he will give up?    You know his track record, this guy is a pitbull, he bites and does not let go. Now price go up and down because buyers and sellers are you and me, retailers.    Once Ah Chai bites price continues to up and up.
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Kyoto2008 Elite	11-Dec-2014 22:08        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	While we talked about Ah Chai, don forget OCBC is interested to dispose of non core assets to anyone keen to take over UE.        I' ve thought over why Ah Chai took so long, and why others didn' t act.  Perhaps it' s because OCBC don want to release UE shares at a low price.  Takeover often results in price offered at a premium to mkt price, well unless the co to be taken over is in a bad shape but look at UE, making good profits quarter after quarter.    And the land bank in China, plus good freehold commercial properties ripe for redevelopment at good locations.        When Ah Chai comes back at this time, the likelihood of a done deal is much higher.          If UE is expensive, why didn' t Ah Chai walk away?    There are other property counters why didn' t he try to buy them out?    UE properties are commercial properties, different from other companies having residential properties and some that can' t sell due to TDSR.        Do you know that TDSR will apply to everyone in 2017, and guess what would happen when all those marginal investors who borrow up to their necks to buy three four condos start disposing them at whatever price mkt will take?      And 2015, many banks may retrench, next year condo price could start collapsing when retrenched  cond investors have to sell out as they cannot service the installments.  Condo prices will  continue to decline till 2017 when all hell breaks loose.      Ah Chai won' t touch residential prop companies.    But UE is different.  UE is in commercial properties. Good props. And China landbank.
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Kyoto2008 Elite	11-Dec-2014 21:48        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I got in at 2.65, then sold out at 2.7 plus, this went on for some time.    Then price went further up and the lowest price was 2.71, I managed to grab but sold off again when price climbed.  As mentioned, in one day, price climbs and fall back four to five times. At one time, price spiral up to 2.85 and I had disposed of most of my UE shares but kept some bought at 2.73.      After a few months, sellers get edgy and moved the price down so I got a bit more at 2.79, then it went all the way up and up to 2.99. I set a stop loss at 2.89, and horrors of horrors the price went from 2.99 down to 2.88 then went back up again to 2.93 plus.    So all my UE shares were sold off, but I had a neat profit nevertheless.          And then three days ago, price drifted down to 2.89 and I got back quite a bit of UE shares, in fact I increased the holdings, sensing the end is near.  And of course, I prayed very hard before I bought the shares, asking for wisdom and favour.         So all this while, it' s been a retailers' play, Ah Chai don have UE shares.        Once he grabs the OCBC stake, there will be a quick scramble for the remaining shares, hopefully Lippo and others will also join in.    The game is over when the scramble begins, as the price will just keep going up and up.        If I had kept my shares when I first bought at 2.65, the profit already would be 31 cents at 2.96 today.          But the buying and selling also gave me quite a bit of profit over the past months.      Hopefully, the last stretch would be a solid $1.11 gain.    From 2.89 all the way to 4        Kyoto2008      ( Date: 11-Dec-2014 21:36) Posted: I think it would be risky for Ah Chai to do a turnaround and go back to mkt to pick up. Because Lippo or some other big buyer can then make an offer to OCBC and there goes Ah Chai' s 36% UE shares.    What I think happened was that he waited for UE E& C sale to be approved by shareholders so that he has one less non property asset out of the way.  He is aiming for the UE properties to inject them into his reits.    Probably has no interest for the rest of the non property biz that UE holds from the WBL takeover.        In the F& N takeover, cash was used to buy up the stakes, Ah Chai doesn' t exchange shares.    When he pounces on a target, he has the cash all ready so no need to talk so much.    Why the price moves up and down?    Answer is simple, it' s the retailers buying and selling.      Sellers are those who buay tahan wait so long.  Buyers are not sure how much to pay.    You look at the MD today, the buyers are quite a lot all putting lower bids, trying to low ball.      There is no shark in the system yet and reason is because the sharks are waiting for the OCBC stake to be completed as that will set the price for the takeover as a start.  If they act now, price spirals up and the big buyers pay more. For the time being, it will be like this.      When I first started buying UE shares, in one day the price went up to 2.80 and drop back to 2.60 plus four times or more.    I could literally buy and sell and make money instantly four times!    Due to buyer and seller indecision and because it' s a retailers' play. kirana      ( Date: 11-Dec-2014 20:27) Posted: He can offer only for OCBC stakes for the time being, without triggering 30% point. Market anti-climmax. Price drop. He buys from open market slowly below value, without tipping the 30% mark. He then offer for Great Eastern stakes. All these would take months to complete. Investor waiting will be tired.
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Kyoto2008 Elite	11-Dec-2014 21:36        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think it would be risky for Ah Chai to do a turnaround and go back to mkt to pick up. Because Lippo or some other big buyer can then make an offer to OCBC and there goes Ah Chai' s 36% UE shares.    What I think happened was that he waited for UE E& C sale to be approved by shareholders so that he has one less non property asset out of the way.  He is aiming for the UE properties to inject them into his reits.    Probably has no interest for the rest of the non property biz that UE holds from the WBL takeover.        In the F& N takeover, cash was used to buy up the stakes, Ah Chai doesn' t exchange shares.    When he pounces on a target, he has the cash all ready so no need to talk so much.    Why the price moves up and down?    Answer is simple, it' s the retailers buying and selling.      Sellers are those who buay tahan wait so long.  Buyers are not sure how much to pay.    You look at the MD today, the buyers are quite a lot all putting lower bids, trying to low ball.      There is no shark in the system yet and reason is because the sharks are waiting for the OCBC stake to be completed as that will set the price for the takeover as a start.  If they act now, price spirals up and the big buyers pay more. For the time being, it will be like this.      When I first started buying UE shares, in one day the price went up to 2.80 and drop back to 2.60 plus four times or more.    I could literally buy and sell and make money instantly four times!    Due to buyer and seller indecision and because it' s a retailers' play. kirana      ( Date: 11-Dec-2014 20:27) Posted: He can offer only for OCBC stakes for the time being, without triggering 30% point. Market anti-climmax. Price drop. He buys from open market slowly below value, without tipping the 30% mark. He then offer for Great Eastern stakes. All these would take months to complete. Investor waiting will be tired.
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Kyoto2008 Elite	11-Dec-2014 21:19        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	There are 615mln shares outstanding for UE.    OCBC/GE has  roughly 221 mln (36%),  to make it to owning 51%, Ah Chai needs another 92mln shares. If you look at the chart of UE, the volumes over the past months aren' t fantastic, when price dipped it would be a good chance for Ah Chai to buy, but volumes are low during those times.    The volume increases greatly when there is some news, hence it seems to  be  retailers who are  making the price go higher. During the times when there is little news, some sold out, therefore the price drifts within a small range. I know coz I' ve been following the price of UE ever since the news came out in Aug that Ah Chai wants to buy UE. Unlikely Ah Chai has much UE shares presently, nor any bidders who are quietly sitting by the side for price to settle as low as possible.      U see it in National Geographic, before the lioness makes a move, usually she waits very patiently and very silently, motionless for the prey to come nearer and nearer. Hence I believe that Ah Chai will now finally make the move when mkt seems to be correcting so he hopes to get a good price, it could a lot sooner than we think. And price would be $3.50 to $4.    If the retailers hold out, can hope to get higher price.
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kirana Senior	11-Dec-2014 20:27        kirana About Contact  Quote this Post!
x 0   x 0  Alert Admin	He can offer only for OCBC stakes for the time being, without triggering 30% point. Market anti-climmax. Price drop. He buys from open market slowly below value, without tipping the 30% mark. He then offer for Great Eastern stakes. All these would take months to complete. Investor waiting will be tired.
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kirana Senior	11-Dec-2014 18:43        kirana About Contact  Quote this Post!
x 0   x 0  Alert Admin	What sort of possible tricks or magic?
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Kyoto2008 Elite	10-Dec-2014 23:52        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just looked through the MD and saw that price was 2.89 in the morning right up to about lunch time, then after 1.30 the big jump came all the way to closing.    Tomorrow, when people see the news, price could breach 3.00 and head on upwards. See if Ah Chai got any tricks up his sleeve, but if what we think is true, ie UE has got some good undervalued properties in China, other bidders may come in to make an offer.        Their SG properties also have a lot of potential, mostly commercial properties and some freehold title ones.    If he whacked the OCBC shares, those bidding would come into mkt to buy up whatever is available, and this likely would cause price to spiral upwards.    Hence $4 is not impossible to achieve.
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Kyoto2008 Elite	10-Dec-2014 23:22        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think Bangkok Post would' nt anyhow report something untrue, and we' ve also been expecting that Ah Chai will take action after the UE E& C sale is approved by the shareholders which was done very recently only.  I guess Ah Chai had some time to study UE and the takeover could be a lot faster going forward. Really think it' s going to happen.    So happy my prayers are answered!
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kirana Senior	10-Dec-2014 21:52        kirana About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today' s trading pattern shows " anxious" and yet " scared scared" attitude. I do hope for a good showdown.
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Kyoto2008 Elite	10-Dec-2014 18:52        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Aba then? This Ah Chai is serious buyer. kirana      ( Date: 10-Dec-2014 16:58) Posted: Wah lao, everybody seems to be acting like its a done deal. This drama will play for some time.
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