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Goldfinger Supreme	12-Aug-2016 23:54        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Doesn' t a falling share price imply that the probability of this SOA failing has risen?  If not, its a pretty  no brainer one-directional profitable bet right?  I personally think it will fail, as people are getting quite offended about this entire saga, and the analysts all coming out to support selling out strongly is leaving a bad after-taste in the mouths of many.
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investshare Supreme	12-Aug-2016 23:35        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	If they really push down to $1.60, I think worth taking risk. sgng123      ( Date: 12-Aug-2016 23:16) Posted: Nobody selling lah, all the buy/sell q bid is all from bb lol. They keeping price rangebound, lower it bit by bit to force out weak holders. Anyway still got up to 29 sep 16 till delist detail pop as asset need to be sold to sg gov first before delist.
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JTWKSG Member	12-Aug-2016 23:16        JTWKSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well, they are still accumulating isn't it? Don't help ur bb say things too fast. The way they accumulate nibble nibble...looks shaky too...Anyway who am I just a small fry to fight bb? I am just merely exerting my rights as a shareholder to vote as I deem fit. Who likes to do national service? sgng123      ( Date: 12-Aug-2016 23:01) Posted: Once bb accumulate 35% of total float it game over for u, cannot fight big money players. JTWKSG      ( Date: 12-Aug-2016 21:20) Posted: Not sure if you are a vested shareholder or have other vested interest...but you seems to be preaching the message of the game plan and trying to convince everyone to submit to the game master as there is no other way out.  You may be right. But I see a different angle. The bbs are also not confident of winning as it is a 75% vote among the minority shareholders. That' s why they unleash all their " fear mongering warriers" .  I do not harbour high hopes that SMRT will give special dividends for the proceeds they received from govt and I doubt the meet up with SIAS will have any fruitful outcome too. The so called independent consultant who they appointed may just say they did their assessment and $1.68 is a fair deal and all shareholders should accept the offer? However if SIAS can help us long term shareholders to raise the offer price, then they are really something as this would raise the investment standards in SG as long term shareholders' interest are protected. But I don' t have high expectations this will happen though. Someone in this forum mention he admired HC if she is the one behind this deal...well, if this is true that she is behind this deal, then all the more the dino bag is just for show only.  They may be able to smoke others but not the ones who are keen observers.  Unless they raise the offer price, if not, I see no reason why I should accept this low ball deal for a defensive cash cow like SMRT.   If the game plan which you stated is true, then all the more I have no reservations for voting NO!
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sgng123 Supreme	12-Aug-2016 23:16        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nobody selling lah, all the buy/sell q bid is all from bb lol. They keeping price rangebound, lower it bit by bit to force out weak holders. Anyway still got up to 29 sep 16 till delist detail pop as asset need to be sold to sg gov first before delist.
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pinkowl Supreme	12-Aug-2016 23:06        pinkowl About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Just wondering...if BBs are accumulating, why is SMRT share price dropping? It should increase, right?  sgng123      ( Date: 12-Aug-2016 22:42) Posted: They can using their own money, just need a group of traders to accumulate guarantee 35% holding then they win temasek win, retail investor do NS. halleluyah      ( Date: 12-Aug-2016 22:14) Posted: Bro sgng, lidat bbs can accumulate on behalf of TH to make it a sure win fr delist ??
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sgng123 Supreme	12-Aug-2016 23:01        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Once bb accumulate 35% of total float it game over for u, cannot fight big money players. JTWKSG      ( Date: 12-Aug-2016 21:20) Posted: Not sure if you are a vested shareholder or have other vested interest...but you seems to be preaching the message of the game plan and trying to convince everyone to submit to the game master as there is no other way out.  You may be right. But I see a different angle. The bbs are also not confident of winning as it is a 75% vote among the minority shareholders. That' s why they unleash all their " fear mongering warriers" .  I do not harbour high hopes that SMRT will give special dividends for the proceeds they received from govt and I doubt the meet up with SIAS will have any fruitful outcome too. The so called independent consultant who they appointed may just say they did their assessment and $1.68 is a fair deal and all shareholders should accept the offer? However if SIAS can help us long term shareholders to raise the offer price, then they are really something as this would raise the investment standards in SG as long term shareholders' interest are protected. But I don' t have high expectations this will happen though. Someone in this forum mention he admired HC if she is the one behind this deal...well, if this is true that she is behind this deal, then all the more the dino bag is just for show only.  They may be able to smoke others but not the ones who are keen observers.  Unless they raise the offer price, if not, I see no reason why I should accept this low ball deal for a defensive cash cow like SMRT.   If the game plan which you stated is true, then all the more I have no reservations for voting NO!  sgng123      ( Date: 12-Aug-2016 10:45) Posted: It is a arranged deal, noticed how fast the delist come after selling the asset, on 29 sep when asset officially sold off the delist special meeting would follow. Everything would be completed as secheduled, retail players no say in this as big players control the game. Can jeep at 1.63 and get ur 2.5% yield guaranteed in nov, not much but very safe bet. But might miss the correction load up if there any in augvto sep period. Temasek and friends biggest winner, small retail do national service as per nol and tigerair, no escape.
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sgng123 Supreme	12-Aug-2016 22:42        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They can using their own money, just need a group of traders to accumulate guarantee 35% holding then they win temasek win, retail investor do NS. halleluyah      ( Date: 12-Aug-2016 22:14) Posted: Bro sgng, lidat bbs can accumulate on behalf of TH to make it a sure win fr delist ?? sgng123      ( Date: 12-Aug-2016 22:03) Posted: 1.68 is not general offer as what is being carried on majority of delist. SMRT is delist offer meaning a special meeting would be hold to delist the company need 75% to pass it excluding temasek stake . In short only 46% of shareholder voting and u need 35% to vote yes. By the way temasek not allowed to buy share or increase/decrease it stake, so no price support from temasek from now till delist meeting. Temasek only pay 1.68 if the delist offer pass with 75%, so very different from general offer. Share price might slowly drop for bb to accumulate more to hit the 75%, bb hosting show not temasek.
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investshare Supreme	12-Aug-2016 22:16        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks. sgng123      ( Date: 12-Aug-2016 22:03) Posted: 1.68 is not general offer as what is being carried on majority of delist. SMRT is delist offer meaning a special meeting would be hold to delist the company need 75% to pass it excluding temasek stake . In short only 46% of shareholder voting and u need 35% to vote yes. By the way temasek not allowed to buy share or increase/decrease it stake, so no price support from temasek from now till delist meeting. Temasek only pay 1.68 if the delist offer pass with 75%, so very different from general offer. Share price might slowly drop for bb to accumulate more to hit the 75%, bb hosting show not temasek. investshare      ( Date: 12-Aug-2016 17:31) Posted: Not quite follow your points, can elaborate
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halleluyah Supreme	12-Aug-2016 22:14        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro sgng, lidat bbs can accumulate on behalf of TH to make it a sure win fr delist ?? sgng123      ( Date: 12-Aug-2016 22:03) Posted: 1.68 is not general offer as what is being carried on majority of delist. SMRT is delist offer meaning a special meeting would be hold to delist the company need 75% to pass it excluding temasek stake . In short only 46% of shareholder voting and u need 35% to vote yes. By the way temasek not allowed to buy share or increase/decrease it stake, so no price support from temasek from now till delist meeting. Temasek only pay 1.68 if the delist offer pass with 75%, so very different from general offer. Share price might slowly drop for bb to accumulate more to hit the 75%, bb hosting show not temasek. investshare      ( Date: 12-Aug-2016 17:31) Posted: Not quite follow your points, can elaborate
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sgng123 Supreme	12-Aug-2016 22:03        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	1.68 is not general offer as what is being carried on majority of delist. SMRT is delist offer meaning a special meeting would be hold to delist the company need 75% to pass it excluding temasek stake . In short only 46% of shareholder voting and u need 35% to vote yes. By the way temasek not allowed to buy share or increase/decrease it stake, so no price support from temasek from now till delist meeting. Temasek only pay 1.68 if the delist offer pass with 75%, so very different from general offer. Share price might slowly drop for bb to accumulate more to hit the 75%, bb hosting show not temasek. investshare      ( Date: 12-Aug-2016 17:31) Posted: Not quite follow your points, can elaborate? sgng123      ( Date: 12-Aug-2016 17:30) Posted: 1.68 not GO so no support from temasek, it a slow decline till end sep when detail for DO become official after asset sale to LTA
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JTWKSG Member	12-Aug-2016 21:20        JTWKSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not sure if you are a vested shareholder or have other vested interest...but you seems to be preaching the message of the game plan and trying to convince everyone to submit to the game master as there is no other way out.  You may be right. But I see a different angle. The bbs are also not confident of winning as it is a 75% vote among the minority shareholders. That' s why they unleash all their " fear mongering warriers" .  I do not harbour high hopes that SMRT will give special dividends for the proceeds they received from govt and I doubt the meet up with SIAS will have any fruitful outcome too. The so called independent consultant who they appointed may just say they did their assessment and $1.68 is a fair deal and all shareholders should accept the offer? However if SIAS can help us long term shareholders to raise the offer price, then they are really something as this would raise the investment standards in SG as long term shareholders' interest are protected. But I don' t have high expectations this will happen though. Someone in this forum mention he admired HC if she is the one behind this deal...well, if this is true that she is behind this deal, then all the more the dino bag is just for show only.  They may be able to smoke others but not the ones who are keen observers.  Unless they raise the offer price, if not, I see no reason why I should accept this low ball deal for a defensive cash cow like SMRT.   If the game plan which you stated is true, then all the more I have no reservations for voting NO!  sgng123      ( Date: 12-Aug-2016 10:45) Posted: It is a arranged deal, noticed how fast the delist come after selling the asset, on 29 sep when asset officially sold off the delist special meeting would follow. Everything would be completed as secheduled, retail players no say in this as big players control the game. Can jeep at 1.63 and get ur 2.5% yield guaranteed in nov, not much but very safe bet. But might miss the correction load up if there any in augvto sep period. Temasek and friends biggest winner, small retail do national service as per nol and tigerair, no escape.
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Goldfinger Supreme	12-Aug-2016 19:35        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	The more I read about this entire sad issue and saga the sicker and sadder I feel. Our own people some more.
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investshare Supreme	12-Aug-2016 17:31        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not quite follow your points, can elaborate? sgng123      ( Date: 12-Aug-2016 17:30) Posted: 1.68 not GO so no support from temasek, it a slow decline till end sep when detail for DO become official after asset sale to LTA
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sgng123 Supreme	12-Aug-2016 17:30        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	1.68 not GO so no support from temasek, it a slow decline till end sep when detail for DO become official after asset sale to LTA
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pinkowl Supreme	12-Aug-2016 16:18        pinkowl About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Dropped one more pip today. 1.625.
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JTWKSG Member	12-Aug-2016 14:18        JTWKSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thats why I said it is a yi lu fa deal for TH. Some die hard supporters said TH is doing national service cos they don't stand to gain...Really lolx. With the cash $1b from the sale of rail assets plus another $1.9b from fhe bus contract model, SMRT is essentially a cash rich company. But if u read along the lines of their announcement, they will tell u the money is used to pay off debts, increase manpower cost and maintainance cost and other crap reasons so there is nothing much to give the minority shareholders. They really seriously thought that all shareholders will buy their excuses? Pay off debt, ok valid reason. Increase manpower? Why? Is it justifiable if there is no projection of an increase in ridership volume? Or perhaps they are gearing up manpower for new line bidding? Maintainance cost increase? Seriously once their sleeper replacement work complete by end 2016, do they still need to spend so much as before on a relatively new sleeper rail tracks? Perhaps the army chief is too used to yes man around him so he is not aware their comms is extremenly unconvincing? Well at least to me. So in the end, minority long term shareholders are the one force to do national service. It becomes only TH can eat the cake while the rest eat crumbs. investshare      ( Date: 12-Aug-2016 11:21) Posted: Not vested.  The more I look at the deal, I slowly come to understand and have to admire the person behind this (HC?). The money from LTA will be used to pay SMRT debt, so both asset and liability reduce same amount. SMRT net asset (equity) no change. TH need to pay to buy out minority shareholder. This amount is close to LTA amount. So if TH borrow this money, no impact to its credit worthiness because SMRT pay back same amount of debt. Total debt in the Group no change. If the loan SMRT has is from TH or related company, then it is even better. So TH does not increase its risk exposure on SMRT. But the upside is this. Now TH equity in SMRT is double, SMRT just need to earn half of what it did it the past for TH to get the same as in the past. If SMRT can maintain, then TH earn almost double.       investshare      ( Date: 12-Aug-2016 10:54) Posted: it makes perfect sense for TH to privatise SMRT.
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investshare Supreme	12-Aug-2016 11:21        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not vested.  The more I look at the deal, I slowly come to understand and have to admire the person behind this (HC?). The money from LTA will be used to pay SMRT debt, so both asset and liability reduce same amount. SMRT net asset (equity) no change. TH need to pay to buy out minority shareholder. This amount is close to LTA amount. So if TH borrow this money, no impact to its credit worthiness because SMRT pay back same amount of debt. Total debt in the Group no change. If the loan SMRT has is from TH or related company, then it is even better. So TH does not increase its risk exposure on SMRT. But the upside is this. Now TH equity in SMRT is double, SMRT just need to earn half of what it did it the past for TH to get the same as in the past. If SMRT can maintain, then TH earn almost double.       investshare      ( Date: 12-Aug-2016 10:54) Posted: it makes perfect sense for TH to privatise SMRT.  investshare      ( Date: 12-Aug-2016 10:53) Posted: Not vested. If you look at the amount that SMRT going to get from LTA $1.06b, and the amount that TH going to pay minority shareholders to privatise SMRT, $1.18b. Very close.    INGAPORE: Public transport operator SMRT looks set to be privatised after Temasek Holdings announced a S$1.18 billion buyout offer at S$1.68 a share Wednesday (Jul 20).   The Transport Ministry announced on Friday (July 15) that the Land Transport Authority will take over all operating assets of the North-South, East-West and Circle lines as well as the Bukit Panjang LRT Line, from SMRT for $1.06 billion. This is the the net book value &ndash or current value &ndash of the assets, plus GST.
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Hei123 Senior	12-Aug-2016 11:20        Hei123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	By allowing SMRT to have this so called scheme of arrangement, SGX seems like rewriting the rules.  Would SGX approve this for other non-GLC listed companies? Very unfair.   Goldfinger      ( Date: 12-Aug-2016 07:19) Posted: But don't the SGX rules still have to apply unless this is in the SGX listing rules? investshare      ( Date: 12-Aug-2016 07:09) Posted: No need as this is not a general offer. Only need 75% excluding TH
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investshare Supreme	12-Aug-2016 10:54        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	it makes perfect sense for TH to privatise SMRT.  investshare      ( Date: 12-Aug-2016 10:53) Posted: Not vested. If you look at the amount that SMRT going to get from LTA $1.06b, and the amount that TH going to pay minority shareholders to privatise SMRT, $1.18b. Very close.    INGAPORE: Public transport operator SMRT looks set to be privatised after Temasek Holdings announced a S$1.18 billion buyout offer at S$1.68 a share Wednesday (Jul 20).   The Transport Ministry announced on Friday (July 15) that the Land Transport Authority will take over all operating assets of the North-South, East-West and Circle lines as well as the Bukit Panjang LRT Line, from SMRT for $1.06 billion. This is the the net book value &ndash or current value &ndash of the assets, plus GST.
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investshare Supreme	12-Aug-2016 10:53        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not vested. If you look at the amount that SMRT going to get from LTA $1.06b, and the amount that TH going to pay minority shareholders to privatise SMRT, $1.18b. Very close.    INGAPORE: Public transport operator SMRT looks set to be privatised after Temasek Holdings announced a S$1.18 billion buyout offer at S$1.68 a share Wednesday (Jul 20).   The Transport Ministry announced on Friday (July 15) that the Land Transport Authority will take over all operating assets of the North-South, East-West and Circle lines as well as the Bukit Panjang LRT Line, from SMRT for $1.06 billion. This is the the net book value &ndash or current value &ndash of the assets, plus GST.
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