Back

Latest Forum Topics / United Engineers

Post Reply

United Engineers Post Reply Rate topic
Kyoto2008 Elite	17-Oct-2014 16:48        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	RNAV is used for lack of any measure of the worth of UE. In a takeover, if the assets are good, buyer would be willing to pay a higher price.    UE, after a rights issue (due to the Wearns takeover), saw it' s price plummet.    Price to book is below $1 (using the raw POEMs data of BV of 2.7883), whereas HPL is above $1, the property portfolios are different, profitability also, therefore,  we are comparing apples  against oranges.    Nevertheless, in any takeover situation, if the company to be taken over is attractive and doing well, price tends to be bidded up. I' ve been observing UE price being very stable after the first announcement that Charoen is doing a due diligence with OCBC and GE Life to buy over their 36% stake in UE, it shot up to $2.95 when CIMB released the RNAV, then went back to about $2.85.    And in these past few days, there is some selling due to the global market decline in share prices.    Price went down to $2.73.    The volumes are moderate, daily about 1.5 to 2 mln shares, however there was a spike in volume to 3.9mln  on 19th Sep when price shot up to $2.93.          Can only see good news coming forth for this stock.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	17-Oct-2014 16:37        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	HPL' s price is now $4.05 today, the offer was $3.50, at the time the offer was made, market price of HPL at14th Apr close is $3.13 (offer of $3.50 was made on 15th Apr). HPL price skyrocketed to as hgih as $4.537. If you have owned HPL stocks before the offer, you would have made $1 per share.   jwong016      ( Date: 17-Oct-2014 16:16) Posted: what about 68 holding' s offer for HPL? it wasnt based on RNAV.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	17-Oct-2014 16:24        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	UE has sold off some assets and these turned into realised monies, the RNAV would have even gone up further, it' s just no analyst went to give further updates. It will be highly unusual  to sell at NAV unless UE is a lousy company, but if you look at the freehold commercial properties they own, you could perhaps understand why Charoen wants them. Charoen has done a $13.7 bln takeover of  F& N, UE is small in comparison perhaps $2bln.          Chances are that this deal will go through. I Kyoto2008      ( Date: 17-Oct-2014 16:09) Posted: That would not be fair to OCBC shareholders as they would have sold below the real value of UE.      When you sell a house, do you sell at cost or market value? jwong016      ( Date: 17-Oct-2014 16:00) Posted: they will make offer based on NAV, not RNAV right?
Useful To Me  Not Useful To Me
jwong016 Senior	17-Oct-2014 16:16        jwong016 About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	what about 68 holding' s offer for HPL? it wasnt based on RNAV.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	17-Oct-2014 16:09        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That would not be fair to OCBC shareholders as they would have sold below the real value of UE.      When you sell a house, do you sell at cost or market value? jwong016      ( Date: 17-Oct-2014 16:00) Posted: they will make offer based on NAV, not RNAV right?
Useful To Me  Not Useful To Me
jwong016 Senior	17-Oct-2014 16:00        jwong016 About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	they will make offer based on NAV, not RNAV right?
Useful To Me  Not Useful To Me
FATABA Supreme	17-Oct-2014 15:52        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	On Phillips infor...the Book value of UE is 2.7883 only.  Just for infor.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	17-Oct-2014 15:45        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	UE price now dirt cheap compared with the RNAV by CIMB of $3.17 to $3.57. Once Charoen buys the OCBC & GE block of shares totalling 36% of UE, he will have to make an offer to the rest of the shareholders.      The eventual takeover price could be a lot higher than $3.57.      With the currrent UE price at $2.75, that' s a whopping potential price gain of 82 cents and more!   Kyoto2008      ( Date: 05-Oct-2014 22:22) Posted: Charoen seems interested in grabbing as much properties as possible, lately making a foray into Australia. Agree, that UE shareholders should not sell too cheaply.  BTW, I found in the Edge that CIMB raised the RNAV of UE from $3.17 to $3.57. Qanghoo      ( Date: 05-Oct-2014 08:08) Posted: Let' s also bear in mind that when UE bought WBL, it was for the property portfolio, particularly in the PRC (I think).  So, the deep value probably include the holdings in the PRC whcih Mr C might be eying, but keeping  mum.  But then if the offer is too cheap, like FnN originally, and more recently LCD, some big brothers wld not standby without upping the ante.  The lesson for minorities is don' t sell out too cheap, wait first for the real value to emerge (very painful for me cos I sold LCD, which I had been holding on for yrs at 23.5).
Useful To Me  Not Useful To Me
Kyoto2008 Elite	17-Oct-2014 01:04        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Surprised that UE price went down to 2.73, anyone picked up?
Useful To Me  Not Useful To Me
kirana Senior	13-Oct-2014 08:58        kirana About Contact  Quote this Post!
x 0   x 0  Alert Admin	That means he get 71 lots.
Useful To Me  Not Useful To Me
justgoo Member	12-Oct-2014 20:55        justgoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	he use all his limit of 200k for this.. kirana      ( Date: 12-Oct-2014 17:54) Posted: If your friend buy few lots then just test water. If they buy in bulk with confidence, then they might know something. Charoen always surprises.
Useful To Me  Not Useful To Me
kirana Senior	12-Oct-2014 17:54        kirana About Contact  Quote this Post!
x 0   x 0  Alert Admin	If your friend buy few lots then just test water. If they buy in bulk with confidence, then they might know something. Charoen always surprises.
Useful To Me  Not Useful To Me
justgoo Member	12-Oct-2014 16:45        justgoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	insider trading...many friend bought UE at 2.80 - 2.82 range...targeting a dividend distribution and a takeover price...
Useful To Me  Not Useful To Me
Kyoto2008 Elite	12-Oct-2014 14:47        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	There should be an announcement on the discussions between Charoen and OCBC/GE soon.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	11-Oct-2014 20:23        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	There are only these three sales of UE shares at this critical period.      Can see that the sales of the UE shares most likely have nothing to do with the outcome of Charoen' s discussion with OCBC/GE D remember also that the UE BOD may not be kept informed in detail of Charoen' s discussions, since Charoen is dealing with OCBC/GE and not UE.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	11-Oct-2014 20:07        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is the last sale of UE shares by one of UE' s directors on 8th Sep 2014. He sold 10 lots, and has another 131 lots.  Since this was done last month, it is unlikely it is due to knowledge of Charoen' s deal with OCBC/GE. Kyoto2008      ( Date: 11-Oct-2014 20:02) Posted: Another director of one of UE' s subsidiary who sold 47,640 shares of UE on 11th Sep 2014, one month ago.  Unlikely for the outcome of Charoen' s buyout of OCBC/GE shares to be known so early.  Kyoto2008      ( Date: 11-Oct-2014 19:54) Posted: This is the director of one of UE' s subsidiary (he is not a director of UE) who sold 50 lots of UE shares, still has 184 lots.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	11-Oct-2014 20:02        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another director of one of UE' s subsidiary who sold 47,640 shares of UE on 11th Sep 2014, one month ago.  Unlikely for the outcome of Charoen' s buyout of OCBC/GE shares to be known so early.  Kyoto2008      ( Date: 11-Oct-2014 19:54) Posted: This is the director of one of UE' s subsidiary (he is not a director of UE) who sold 50 lots of UE shares, still has 184 lots.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	11-Oct-2014 19:54        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is the director of one of UE' s subsidiary (he is not a director of UE) who sold 50 lots of UE shares, still has 184 lots.
Useful To Me  Not Useful To Me
kirana Senior	11-Oct-2014 12:21        kirana About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kyoto is right. But then the buyers are the beleivers. It is a mind game. For tycoons, they always win. For small shareholders, there are losers and gainers.
Useful To Me  Not Useful To Me
i_love_girls Veteran	11-Oct-2014 11:37        i_love_girls About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Chaoren like shopping in property market like that ah! Keep buying companies. His FCL shares like stagnant like that! Like mati like that sia
Useful To Me  Not Useful To Me

                                                         First   < Newer   1721-1740 of 1912   Older>   Last