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Goldfinger Supreme	14-Aug-2016 20:25        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Would want to tell them to go away and don't bother people like me who just want to hang on to my SMRT share because I believe in Singapore and want to continue holding onto this part of Singapore history. So leave us alone please. It's not as if they are paying some big magnificent premium that is irresistible. JTWKSG      ( Date: 14-Aug-2016 17:35) Posted: Besides attending the egm in person to cast my no vote, also wanna see how quak and co kena grilled by angry sh lolx
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Goldfinger Supreme	14-Aug-2016 20:21        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	So sorry - big fund manager with 100 million shares also count as ONE voter present at the EGM yah? sgng123      ( Date: 14-Aug-2016 17:06) Posted: Just need 75% of total 46% to vote yes, in short 35% of total share to vote yes. Attendence wise at most can entertain 500, it the vote that count not attendence. Smrt got 40000 investors u wanna open kallang stadium for them lol. Anyway lot would vote on letter proxy , mail to vote yes or no no need to attend. So if big fund managers already control 30% through all these years of dollar averaging it is most likely a go considering cash is king now.
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sgng123 Supreme	14-Aug-2016 19:51        sgng123 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Basically they just there for appearance collecting director fee and popping the champaign. Done deal among fund managers and temasek   as offer price agreed on fund manager support. National service for retail investors, money for fund managers and temasek. Retail investors holding too insignificant to block the bb decision, goner just wanna get a good entry point. Hope bb push smrt down some more to force out contra/short/weak holders.
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JTWKSG Member	14-Aug-2016 17:35        JTWKSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Besides attending the egm in person to cast my no vote, also wanna see how quak and co kena grilled by angry sh lolx
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JTWKSG Member	14-Aug-2016 17:31        JTWKSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup proxy also can investshare      ( Date: 14-Aug-2016 17:06) Posted: Yes that's my understanding as well, but the shareholders need not attend in person, proxy also can. Goldfinger      ( Date: 14-Aug-2016 16:49) Posted: I was given to understand - may be mistaken - that they also need a simple majority of those present ie so if 100 people vote and 51 vote No it will also fail - even if the 51 control less than 25%. Anyone familiar pls confirm tks
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JTWKSG Member	14-Aug-2016 17:28        JTWKSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Opps sorry typo. Check out this link to read the details. http://infopub.sgx.com/FileOpen/Media%20Briefing.ashx?App=Announcement&FileID=413490 1) 75% in value of the Scheme Shares voted at the Scheme Meeting and 2) Majority in number of shareholders present and voting at the Scheme Meeting JTWKSG      ( Date: 14-Aug-2016 17:19) Posted: Hello u go check out the details first. 75 sgng123      ( Date: 14-Aug-2016 17:06) Posted: Just need 75% of total 46% to vote yes, in short 35% of total share to vote yes. Attendence wise at most can entertain 500, it the vote that count not attendence. Smrt got 40000 investors u wanna open kallang stadium for them lol. Anyway lot would vote on letter proxy , mail to vote yes or no no need to attend. So if big fund managers already control 30% through all these years of dollar averaging it is most likely a go considering cash is king now.
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investshare Supreme	14-Aug-2016 17:21        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	From the press release: Approvals Required A meeting of the shareholders of SMRT (other than Temasek) (?Scheme Shareholders?) will be convened pursuant to an order of the High Court of Singapore (the ?Scheme Meeting?). The Scheme will require inter alia (a) the approval of the Scheme by a majority in number of Scheme Shareholders present and voting, either in person or by proxy, at the Scheme Meeting, such majority holding not less than three-fourths in value of the Scheme Shares voted at the Scheme Meeting, and (b) the sanction of the Scheme by the High Court of Singapore. investshare      ( Date: 14-Aug-2016 17:06) Posted: Yes that's my understanding as well, but the shareholders need not attend in person, proxy also can. Goldfinger      ( Date: 14-Aug-2016 16:49) Posted: I was given to understand - may be mistaken - that they also need a simple majority of those present ie so if 100 people vote and 51 vote No it will also fail - even if the 51 control less than 25%. Anyone familiar pls confirm tks
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JTWKSG Member	14-Aug-2016 17:19        JTWKSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hello u go check out the details first. 75 sgng123      ( Date: 14-Aug-2016 17:06) Posted: Just need 75% of total 46% to vote yes, in short 35% of total share to vote yes. Attendence wise at most can entertain 500, it the vote that count not attendence. Smrt got 40000 investors u wanna open kallang stadium for them lol. Anyway lot would vote on letter proxy , mail to vote yes or no no need to attend. So if big fund managers already control 30% through all these years of dollar averaging it is most likely a go considering cash is king now.
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JTWKSG Member	14-Aug-2016 17:15        JTWKSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well, he still got to ans to his majority sh th lor investshare      ( Date: 14-Aug-2016 16:46) Posted: I can understand where you are coming from. But if the attempt fail, and with the CEO so wholeheartedly support this (I guess he already mentally prepare for life under privatization), and the next few quarters results showing declining profit or even losses, not many minority can stay firm. Goldfinger      ( Date: 14-Aug-2016 16:43) Posted: I simply believe the acquirer is short changing minorities
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JTWKSG Member	14-Aug-2016 17:12        JTWKSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry no. Why should i sell now and incur loss and miss the chance if price go down or up if soa fails? There might be a lot of long term sh stuck at high px like me too. Thats why no incentive to sell lor. investshare      ( Date: 14-Aug-2016 16:36) Posted: Hi I am not vested as of now. I am not commenting on whether $1.68 is fair here. But I just try to analyse the logic and psychology here. If you believe the attempt will fail AND you believe the short term price will fall if attempt fail, shouldn't you sell the share and buy back later? But if 75% minority think this way, then the attempt will succeed. Doesn't that mean the attempt will be successful? JTWKSG      ( Date: 14-Aug-2016 13:24) Posted: Personally I think got high chance this will fail. Even a dormant quiet long time sh like me is going to take leave for 1st time to attend egm just to vote no liao. Dun underestimate the anger of minority sh.
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sgng123 Supreme	14-Aug-2016 17:06        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just need 75% of total 46% to vote yes, in short 35% of total share to vote yes. Attendence wise at most can entertain 500, it the vote that count not attendence. Smrt got 40000 investors u wanna open kallang stadium for them lol. Anyway lot would vote on letter proxy , mail to vote yes or no no need to attend. So if big fund managers already control 30% through all these years of dollar averaging it is most likely a go considering cash is king now.
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investshare Supreme	14-Aug-2016 17:06        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes that's my understanding as well, but the shareholders need not attend in person, proxy also can. Goldfinger      ( Date: 14-Aug-2016 16:49) Posted: I was given to understand - may be mistaken - that they also need a simple majority of those present ie so if 100 people vote and 51 vote No it will also fail - even if the 51 control less than 25%. Anyone familiar pls confirm tks. JTWKSG      ( Date: 14-Aug-2016 13:24) Posted: Personally I think got high chance this will fail. Even a dormant quiet long time sh like me is going to take leave for 1st time to attend egm just to vote no liao. Dun underestimate the anger of minority sh.
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Goldfinger Supreme	14-Aug-2016 16:49        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I was given to understand - may be mistaken - that they also need a simple majority of those present ie so if 100 people vote and 51 vote No it will also fail - even if the 51 control less than 25%. Anyone familiar pls confirm tks. JTWKSG      ( Date: 14-Aug-2016 13:24) Posted: Personally I think got high chance this will fail. Even a dormant quiet long time sh like me is going to take leave for 1st time to attend egm just to vote no liao. Dun underestimate the anger of minority sh.
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investshare Supreme	14-Aug-2016 16:46        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	I can understand where you are coming from. But if the attempt fail, and with the CEO so wholeheartedly support this (I guess he already mentally prepare for life under privatization), and the next few quarters results showing declining profit or even losses, not many minority can stay firm. Goldfinger      ( Date: 14-Aug-2016 16:43) Posted: I simply believe the acquirer is short changing minorities investshare      ( Date: 14-Aug-2016 16:36) Posted: Hi I am not vested as of now. I am not commenting on whether $1.68 is fair here. But I just try to analyse the logic and psychology here. If you believe the attempt will fail AND you believe the short term price will fall if attempt fail, shouldn't you sell the share and buy back later? But if 75% minority think this way, then the attempt will succeed. Doesn't that mean the attempt will be successful
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JTWKSG Member	14-Aug-2016 16:43        JTWKSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Stats chippak not defensive business. Easy change when new tech comes. Public transport is different. U need it everyday. U check out the mrt traffic vol everyday u noe liao. Bad times even more ppl take. investshare      ( Date: 14-Aug-2016 16:28) Posted: Just want to highlight that there was precedent that TH failed in privatization. Eg Stats Chipak. It failed first time, then several years later it sold to Chinese and privatization at a much lower price. Goldfinger      ( Date: 14-Aug-2016 16:16) Posted: $1 would be Super big favour as they will have to bid much higher tha $1.68 if their first attempt fails no? It's quite paiseh to lose on a takeover like this isn't it
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Goldfinger Supreme	14-Aug-2016 16:43        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I simply believe the acquirer is short changing minorities investshare      ( Date: 14-Aug-2016 16:36) Posted: Hi I am not vested as of now. I am not commenting on whether $1.68 is fair here. But I just try to analyse the logic and psychology here. If you believe the attempt will fail AND you believe the short term price will fall if attempt fail, shouldn't you sell the share and buy back later? But if 75% minority think this way, then the attempt will succeed. Doesn't that mean the attempt will be successful? JTWKSG      ( Date: 14-Aug-2016 13:24) Posted: Personally I think got high chance this will fail. Even a dormant quiet long time sh like me is going to take leave for 1st time to attend egm just to vote no liao. Dun underestimate the anger of minority sh.
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investshare Supreme	14-Aug-2016 16:36        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi I am not vested as of now. I am not commenting on whether $1.68 is fair here. But I just try to analyse the logic and psychology here. If you believe the attempt will fail AND you believe the short term price will fall if attempt fail, shouldn't you sell the share and buy back later? But if 75% minority think this way, then the attempt will succeed. Doesn't that mean the attempt will be successful? JTWKSG      ( Date: 14-Aug-2016 13:24) Posted: Personally I think got high chance this will fail. Even a dormant quiet long time sh like me is going to take leave for 1st time to attend egm just to vote no liao. Dun underestimate the anger of minority sh.
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investshare Supreme	14-Aug-2016 16:28        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just want to highlight that there was precedent that TH failed in privatization. Eg Stats Chipak. It failed first time, then several years later it sold to Chinese and privatization at a much lower price. Goldfinger      ( Date: 14-Aug-2016 16:16) Posted: $1 would be Super big favour as they will have to bid much higher tha $1.68 if their first attempt fails no? It's quite paiseh to lose on a takeover like this isn't it? famouspinky      ( Date: 14-Aug-2016 14:09) Posted: Th wont be so cruel. 1.3 maybe? Who knows. Tts why be kind to sgporeans is important.
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Goldfinger Supreme	14-Aug-2016 16:16        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	$1 would be Super big favour as they will have to bid much higher tha $1.68 if their first attempt fails no? It's quite paiseh to lose on a takeover like this isn't it? famouspinky      ( Date: 14-Aug-2016 14:09) Posted: Th wont be so cruel. 1.3 maybe? Who knows. Tts why be kind to sgporeans is important. Goldfinger      ( Date: 14-Aug-2016 12:08) Posted: What if it fails and price plunged to $1??
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JTWKSG Member	14-Aug-2016 15:27        JTWKSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	If soa fails, px may plunge to $1 possible in short to mid term due to fear and weak holders. Anyway i prepare my war chest liao. If $1 i just accumulate more. Wait for govt cash come in, bid new lines, fare increase, increase rental. What go down must come up. Those analysts flip position like prata, no worries. Before nrff most also give buy review. See how fast they flip. They all give face to TH. Its a long term play but no worries, if recession comes its gd to keep a defensive stock in my portfolio cos hot $ like safe haven during bad times.
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