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RH PetroGas
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Dr Lin Yucheng Citic Enviro(UTD) is back in SGX
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AldarSorouh
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22-Jun-2014 12:45
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1. U can ask credit suisse - rh' s advisors. the acquiror' s advisors should be maybank kim eng if I' m not wrong. Lol. 2. Unless sellers are super desperate or know that they will not receive approval for Fuyu by 1H14 3. Concert parties using different accounts would need to disclose as well.  
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Tiptip
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22-Jun-2014 11:34
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1. Did not happen does not equate to will not happen. Who knows what is ongoing unofficially 2. Fuyu may have already been priced into the takeover price at previous discussions, but waiting for  official approval before a binding offer is in place may not result in higher valuation. Seller also not stupid to accept a rushed-in offer price that excludes FUYU 3. If only all BB collect stocks using only one account   Anyway these are all speculation, everyone can have  his/her own opinion
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AldarSorouh
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22-Jun-2014 10:58
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1. Potential acquiror can just submit a letter of intent and conduct a due diligence of RH' s assets (in order to have a better understanding of the assets) before submitting a binding offer RH can then negotiate for a higher price upon receiving the offer -> this did not happen 2. Waiting for the Fuyu announcement will only result in a higher valuation -> a rational acquiror will likely want to buy low and hence rush to submit an offer the fact that no offer was made is worrying 3. Collect from the market?  -> We would have seen a new substantial shareholder by now if their stake were to be more than 5% a serious acquiror and its concert parties would have to disclose their stakes
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Tiptip
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22-Jun-2014 08:47
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If I' m not wrong, I think it' s best practice to make a follow up announcement no longer than 30 days after the initial announcement of a takeover. Last Friday 19 June was exactly 30 days after  the initial announcement on 20 May 2014, so I don' t think it was done intentionally  to ' scam' the market as some may imagine, in fact it may be the contrary. Anyway the announcment update didn' t say the deal is dead, it just said factually that there was no progress within the last 30 days, which can mean a few things (I imagine): 1)  Major shareholders  asking for a higher price and buyer taking long time to consider and/or doing their assesment work 2) Buyer wants to wait for FUYU approval before making official offer 3) Takeover premium over current market  price is high so buyer wants to collect enough from market before sealing the deal   Anyway there were several research reports that say the company' s assets on its own without a takeover is already worth more than 90 cents per share, and there is still FUYU to look forward to by end of 1st half 2014 (which is  just a few  days more) according to the company' s announcement on 9 May 2014. On top of that, there is also the ongoing Iraq tensions which  media has reported is good for O& G stocks so look out for heard instincts there too.   I don' t think there are too  much free float shares in the market, so if there are shorts or drop on Monday, it may  present an opportunity for those who did not buy before the previous announcement to be vested. The above are just my own guess, please trade with your own judgement and research. |
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sainkh
Member |
21-Jun-2014 21:39
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Will it drop on Monday ? It might not be , sometimes ,   it will go up further    |
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AddLuck
Veteran |
21-Jun-2014 12:11
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So now back to fundamentals......4500 barrels of oil /day........drop how much come Monday????
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john_ric
Supreme |
21-Jun-2014 10:57
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Another scam | ||||
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xtremepal
Member |
21-Jun-2014 09:06
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uh oh...
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WanSiTong
Supreme |
21-Jun-2014 06:30
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Published June 21, 2014
 
No further talks on potential takeover, says RH Petrogas
 
Singapore RH PETROGAS, which a month ago disclosed that an investor had approached its controlling shareholders for a potential takeover of the company, said yesterday that there have been no further discussions or progress on the matter since then. The upstream oil and gas company said in its announcement yesterday: " Although the potential investor has previously expressed interest in investing in the company, the controlling shareholders have to-date not received any offer nor indication of terms thereof from the potential investor." On May 20, when the Singapore Exchange queried RH Petrogas on the unusual price movements of its shares, the mainboard-listed company disclosed that its controlling shareholders - Surreyville Pte Ltd, Sharptone Investments Limited and RH Capital Limited - had been approached by an investor and they were engaged in discussions on a potential proposal which might lead to a share takeover offer.   |
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kyrie100
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20-Jun-2014 15:57
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D+2. Due date +2. A lot of force selling probably |
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JesseTyler
Veteran |
20-Jun-2014 15:52
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May be a flush down, just stay caution ...
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daffytlh
Veteran |
20-Jun-2014 15:51
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Drop. anyone any idea why? BB accumulating? |
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kyrie100
Member |
20-Jun-2014 09:27
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Will news be released this weeked?? fingers cross If RH can close at 0.94 today, bullish. |
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spore1
Supreme |
19-Jun-2014 22:52
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sporeshare.blog spot.sg/2014/05/rh-petrogas.html
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spore1
Supreme |
19-Jun-2014 22:50
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May be test 98 cents soon. sporeshare.blog spot.sg/2014/06/ums.html
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RoundRound
Elite |
19-Jun-2014 09:34
Yells: "Tikam Tikam can also" |
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This RH is having good buying momentum seems likely to break magical $1 soon.
Not vested. |
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muifan
Supreme |
19-Jun-2014 09:30
Yells: "Take the leap of faith dont regret 20 years later!" |
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today might have chance to run... can watchlist...good luck all
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kyrie100
Member |
18-Jun-2014 23:44
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Not over yet.Close at 0.93 is good. :) |
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Liverpool77
Senior |
18-Jun-2014 15:00
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coming... |
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kyrie100
Member |
18-Jun-2014 11:21
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I dont need a gem. Need a big black dirty rock. :)
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