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Godwinlow Elite	24-Jun-2024 11:18        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Knew many gangster. But when comes to investing he is like ah gua. Scared this and that. See him no up 😂   eddyeddy      ( Date: 24-Jun-2024 11:01) Posted: He always said he knew many gangsters. Godwinlow      ( Date: 24-Jun-2024 09:10) Posted: You got small balls, talk like ah gua
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eddyeddy Master	24-Jun-2024 11:01        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	He always said he knew many gangsters. Godwinlow      ( Date: 24-Jun-2024 09:10) Posted: You got small balls, talk like ah gua. aragosta      ( Date: 23-Jun-2024 23:27) Posted: --- Post Removed by User ---
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Luckygal Member	24-Jun-2024 10:59        Luckygal About Contact  Quote this Post!
x 0   x 0  Alert Admin	450,000 shares to go before suspension?
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Godwinlow Elite	24-Jun-2024 09:10        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	You got small balls, talk like ah gua. aragosta      ( Date: 23-Jun-2024 23:27) Posted: --- Post Removed by User ---
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ysh2006 Supreme	23-Jun-2024 21:39        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Like that think sell on early morning already !
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Godwinlow Elite	23-Jun-2024 21:10        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Or probably Monday lunch break suspension already. Anyways be prepared  Godwinlow      ( Date: 23-Jun-2024 20:41) Posted: Prepare for suspension. On Tuesday. I' m ready.  SlothSG      ( Date: 23-Jun-2024 20:40) Posted: Reaching 90% .... now 89.92%
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SlothSG Veteran	23-Jun-2024 20:42        SlothSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Swee ....
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Godwinlow Elite	23-Jun-2024 20:41        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Prepare for suspension. On Tuesday. I' m ready.  SlothSG      ( Date: 23-Jun-2024 20:40) Posted: Reaching 90% .... now 89.92%
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SlothSG Veteran	23-Jun-2024 20:40        SlothSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Reaching 90% .... now 89.92%
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ihatebigbully Member	23-Jun-2024 14:56        ihatebigbully About Contact  Quote this Post!
x 0   x 0  Alert Admin	Create enemies than build friendships. From here you can see how the rich think in their mind domperrier      ( Date: 23-Jun-2024 07:50) Posted: Don' t forget, they also to took advantage of weaker holders in ' 23 by buying 2.3 mil of their shares for    only $16.99  so they' re likely to resist raising the offer, unless SUED. I wonder what emotion those former shareholders felt when the news of the takeover bid broke on May 10. You can be sure it ain' t exhilaration!  https://www.straitstimes.com/business/ocbc-ups-stake-in-insurance-arm-great-eastern-to-884
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ihatebigbully Member	23-Jun-2024 14:52        ihatebigbully About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha games of the richs. small fishes all kenna makan pasttime      ( Date: 23-Jun-2024 13:24) Posted: Just take the private property that ge own in prime district. the share price far below value. But then ge not going to sell these properties only to collect rental. So the price got depress in such time of fed qt. Good long term hold for value recovery. Ocbc also see it. So they offer an exit price for those who wear out by the long depress share price.
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pasttime Supreme	23-Jun-2024 13:24        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	Just take the private property that ge own in prime district. the share price far below value. But then ge not going to sell these properties only to collect rental. So the price got depress in such time of fed qt. Good long term hold for value recovery. Ocbc also see it. So they offer an exit price for those who wear out by the long depress share price.
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ysh2006 Supreme	23-Jun-2024 10:48        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Like this now OUE is trying to buy shareholders 10% at only $1.25 later next year offer privatisation at $2.50 also can hor... domperrier      ( Date: 23-Jun-2024 07:50) Posted: Don' t forget, they also to took advantage of weaker holders in ' 23 by buying 2.3 mil of their shares for    only $16.99  so they' re likely to resist raising the offer, unless SUED. I wonder what emotion those former shareholders felt when the news of the takeover bid broke on May 10. You can be sure it ain' t exhilaration!  https://www.straitstimes.com/business/ocbc-ups-stake-in-insurance-arm-great-eastern-to-884
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domperrier Member	23-Jun-2024 07:50        domperrier About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Don' t forget, they also to took advantage of weaker holders in ' 23 by buying 2.3 mil of their shares for    only $16.99  so they' re likely to resist raising the offer, unless SUED. I wonder what emotion those former shareholders felt when the news of the takeover bid broke on May 10. You can be sure it ain' t exhilaration!  https://www.straitstimes.com/business/ocbc-ups-stake-in-insurance-arm-great-eastern-to-884
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stonknoob Member	22-Jun-2024 23:22        stonknoob About Contact  Quote this Post!
x 0   x 0  Alert Admin	Indeed. OCBC in all likelihood, is unmotivated to realise the full potential of GE, because a takeover on the cheap as is the case today, was their plan all along. Heck, why else would they be paying GE top brass OCBC shares instead? It was a misalignment of interests, away from GE shareholders' , so market price could never be maximised and so they can make it look like they are doing GE shareholders a favour, by paying a " hefty premium" over last price. It would have taken some small change out of their record profits, to pay GE holders a fairer price, which mind you, could have been realised if they had run the ship a little better, but OCBC wont budge because they liken that to a charitable payout. The shamelessness and audacity! FairShake      ( Date: 22-Jun-2024 12:54) Posted: It looks like OCBC is playing strictly by the book.  No buy no report/update. So don' t get your hopes up on any price revision since it is already barred from doing so, " except in wholly circumstances" .  Take-Over Code 20.2 pp124.  Everything now depends on whether: it can garner 90% control suspend the stock and make an Exit Offer that must be FAIR (IFA min S$28.87) and REASONABLE. Without sounding misogynistic, OCBC under the stewardship of Mr David Connor, had offered 1.3x and 1.5x EV to privatise GEH in 2002 and 2004, This stands in stark contrast to the current offer of 0.7x EV under Ms Helen Wong. While such price haggling is commonplace in wet or flea markets, it is quite unheard of in the financial circle, especially for a prized asset like GEH. Any other bidder would pay a significant premium for GEH. The enviable reputation and goodwill OCBC, due in no small part to the philanthropy of its founders and their descendants, risk being sullied by this opportunistic and Thucydides (strong vs weak) attempt to swallow GEH up on the cheap, just to save a few million dollars, pocket change for financial giant like OCBC.   Savings Table No of Shares % Total Issue 473,319,069 100.00 OCBC 418,586,759 88.44 Concert Parties 1,080,711 0.23 OCBC + Concert Parties 419,667,470 88.67 Number of shares needed to 90% 6,319,692 1.33 Acceptance + Purchase till 20 Jun 4,115,794 0.87 Balance Required to Hit 90% 2,203,898 0.46     Per Share Savings S$ Diff Fair and Offer Price (28.87-25.60) 3.27 20,665,393     Vested, DYODD FairShake      ( Date: 21-Jun-2024 10:44) Posted: A few important things to note: 1. OCBC is  NOT  obliged to report daily/latest acceptance level if it  DID NOT  acquire any GEH share on the open market. 2. On the day OCBC' s stake hit 90%, it MUST make an annoucement on the loss of public free float, regardless of (1) 3. In the event OCBC fails to garner 90% by 12 July, GEH shares will remain listed on the SGX and its price is likely react rather negatively to it thereafter. Vested. DYOD
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SmallSmall Supreme	22-Jun-2024 22:07        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	It likely will for the remaining dissenting shareholders assuming 90% threshold is reached and counter suspended because of loss of free float. domperrier      ( Date: 22-Jun-2024 18:44) Posted: I am not a religious person, but am reminded of the story of David & Goliath. Against overwhelming odds, the unexpected happened & so it can happen in this case too.
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domperrier Member	22-Jun-2024 18:44        domperrier About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I am not a religious person, but am reminded of the story of David & Goliath. Against overwhelming odds, the unexpected happened & so it can happen in this case too.
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moonsun Veteran	22-Jun-2024 16:30        moonsun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Minority stajeholders will always be at a disadvantage.. sgx or watchdog have a role to play.. level playing firld else who dare to invest here.. Luckygal      ( Date: 22-Jun-2024 15:39) Posted: EY has valued GEH as between S$28.87-S$36.19. But even at S$28.87, which is only about 0.8 times EV value,  considered fair? Its still a big discount to the EV. ihatebigbully      ( Date: 22-Jun-2024 14:21) Posted: Good Analysis Fair Shake. Totally agree and quite unimaginable how could OCBC maintains this final offer without making reference to the IFA opinion on the unfair offer price to risk their high standing reputation.
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Luckygal Member	22-Jun-2024 15:39        Luckygal About Contact  Quote this Post!
x 0   x 0  Alert Admin	EY has valued GEH as between S$28.87-S$36.19. But even at S$28.87, which is only about 0.8 times EV value,  considered fair? Its still a big discount to the EV. ihatebigbully      ( Date: 22-Jun-2024 14:21) Posted: Good Analysis Fair Shake. Totally agree and quite unimaginable how could OCBC maintains this final offer without making reference to the IFA opinion on the unfair offer price to risk their high standing reputation.   FairShake      ( Date: 22-Jun-2024 12:54) Posted: It looks like OCBC is playing strictly by the book.  No buy no report/update. So don' t get your hopes up on any price revision since it is already barred from doing so, " except in wholly circumstances" .  Take-Over Code 20.2 pp124.  Everything now depends on whether: it can garner 90% control suspend the stock and make an Exit Offer that must be FAIR (IFA min S$28.87) and REASONABLE. Without sounding misogynistic, OCBC under the stewardship of Mr David Connor, had offered 1.3x and 1.5x EV to privatise GEH in 2002 and 2004, This stands in stark contrast to the current offer of 0.7x EV under Ms Helen Wong. While such price haggling is commonplace in wet or flea markets, it is quite unheard of in the financial circle, especially for a prized asset like GEH. Any other bidder would pay a significant premium for GEH. The enviable reputation and goodwill OCBC, due in no small part to the philanthropy of its founders and their descendants, risk being sullied by this opportunistic and Thucydides (strong vs weak) attempt to swallow GEH up on the cheap, just to save a few million dollars, pocket change for financial giant like OCBC.   Savings Table No of Shares % Total Issue 473,319,069 100.00 OCBC 418,586,759 88.44 Concert Parties 1,080,711 0.23 OCBC + Concert Parties 419,667,470 88.67 Number of shares needed to 90% 6,319,692 1.33 Acceptance + Purchase till 20 Jun 4,115,794 0.87 Balance Required to Hit 90% 2,203,898 0.46     Per Share Savings S$ Diff Fair and Offer Price (28.87-25.60) 3.27 20,665,393     Vested, DYOD
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ihatebigbully Member	22-Jun-2024 14:21        ihatebigbully About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good Analysis Fair Shake. Totally agree and quite unimaginable how could OCBC maintains this final offer without making reference to the IFA opinion on the unfair offer price to risk their high standing reputation.   FairShake      ( Date: 22-Jun-2024 12:54) Posted: It looks like OCBC is playing strictly by the book.  No buy no report/update. So don' t get your hopes up on any price revision since it is already barred from doing so, " except in wholly circumstances" .  Take-Over Code 20.2 pp124.  Everything now depends on whether: it can garner 90% control suspend the stock and make an Exit Offer that must be FAIR (IFA min S$28.87) and REASONABLE. Without sounding misogynistic, OCBC under the stewardship of Mr David Connor, had offered 1.3x and 1.5x EV to privatise GEH in 2002 and 2004, This stands in stark contrast to the current offer of 0.7x EV under Ms Helen Wong. While such price haggling is commonplace in wet or flea markets, it is quite unheard of in the financial circle, especially for a prized asset like GEH. Any other bidder would pay a significant premium for GEH. The enviable reputation and goodwill OCBC, due in no small part to the philanthropy of its founders and their descendants, risk being sullied by this opportunistic and Thucydides (strong vs weak) attempt to swallow GEH up on the cheap, just to save a few million dollars, pocket change for financial giant like OCBC.   Savings Table No of Shares % Total Issue 473,319,069 100.00 OCBC 418,586,759 88.44 Concert Parties 1,080,711 0.23 OCBC + Concert Parties 419,667,470 88.67 Number of shares needed to 90% 6,319,692 1.33 Acceptance + Purchase till 20 Jun 4,115,794 0.87 Balance Required to Hit 90% 2,203,898 0.46     Per Share Savings S$ Diff Fair and Offer Price (28.87-25.60) 3.27 20,665,393     Vested, DYODD FairShake      ( Date: 21-Jun-2024 10:44) Posted: A few important things to note: 1. OCBC is  NOT  obliged to report daily/latest acceptance level if it  DID NOT  acquire any GEH share on the open market. 2. On the day OCBC' s stake hit 90%, it MUST make an annoucement on the loss of public free float, regardless of (1) 3. In the event OCBC fails to garner 90% by 12 July, GEH shares will remain listed on the SGX and its price is likely react rather negatively to it thereafter. Vested. DYOD
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