| Latest Forum Topics / SMRT |
 Post Reply
|
|
SMRT
|
|||||
|
sgng123
Supreme |
29-Jul-2016 16:16
|
||||
|
x 0
x 0 Alert Admin |
Wait till the bad debt on offshore marine industries blown out and bank got maimed, panic sell in sgx cos lot of loan given without doing due diligence. One by one close shop, lot of writedown on banks. Then old uncle aunties got scared all vote yes to money. |
||||
| Useful To Me Not Useful To Me | |||||
|
famouspinky
Supreme |
29-Jul-2016 16:02
|
||||
|
x 0
x 0 Alert Admin |
Dun need liao. Whole lot incumbents.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
investshare
Supreme |
29-Jul-2016 14:41
|
||||
|
x 0
x 0 Alert Admin |
As stock market goes down, opportunity holding on SMRT is getting bigger. |
||||
| Useful To Me Not Useful To Me | |||||
|
investshare
Supreme |
29-Jul-2016 11:50
|
||||
|
x 0
x 0 Alert Admin |
If they really want to, they can use another vehicle (another company) to acquire:)
|
||||
| Useful To Me Not Useful To Me | |||||
|
sun233
Elite |
29-Jul-2016 11:32
|
||||
|
x 0
x 0 Alert Admin |
Lets hope something comes out of it............Temasek, SMRT to meet Sias to discuss takeoverJul 29, 20167:36 AM Temasek and SMRT have " proactively reached out" to Securities Investors Association Singapore (Sias) to arrange meetings to discuss the proposed privatisation of the transport operator by the Singapore investment firm. " We welcome the opportunity to engage in a dialogue with Sias, and SMRT shareholders, about this proposed transaction in the lead-up to the Scheme Meeting later in the year,' ' Temasek and SMRT said in a joint release. On Thursday, the investor advocate said it was seeking a meeting with SMRT directors and Temasek officials to raise concerns among shareholders regarding the privatisation of the rail operator. Temasek had last week announced a S$1.2 billion buyout offer for SMRT at S$1.68 per share. SMRT shareholders have voiced various concerns including why the takeover is through a scheme of arrangement rather than a general offer and whether the offer price is fair to them. Subject to regulatory and court approvals, SMRT expects to convene a Scheme Meeting by October for shareholders, other than Temasek, to vote on the proposal. Shareholders will receive a scheme document before the scheme meeting, which will outline the proposal in detail, and seek to address the comments and questions regarding the proposed privatisation of SMRT.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
josephianpsf
Member |
29-Jul-2016 11:27
|
||||
|
x 0
x 0 Alert Admin |
Shifu please share, i am a noob investor
|
||||
| Useful To Me Not Useful To Me | |||||
|
investshare
Supreme |
29-Jul-2016 11:26
|
||||
|
x 0
x 0 Alert Admin |
Ok technically there is a way.
|
||||
| Useful To Me Not Useful To Me | |||||
|
josephianpsf
Member |
29-Jul-2016 11:25
|
||||
|
x 0
x 0 Alert Admin |
My big question is why so many investors think that if this deal fall through, Temasek will automatically raise offer??? Under the rules Temasek must wait 1 year lei |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Siwomp
Supreme |
29-Jul-2016 11:21
|
||||
|
x 0
x 0 Alert Admin |
paiseh, i was referring to the packed like japan..... :p yes fare will rise, no doubt about that it.
|
||||
| Useful To Me Not Useful To Me | |||||
|
famouspinky
Supreme |
29-Jul-2016 11:17
|
||||
|
x 0
x 0 Alert Admin |
It will happen. Matter of time cos no other business outside or inside sg can be sustained for their mega pay.
Nd to privatise 1st cos the gvt don't want to be the baddie..let the operator be the baddie but still can collect $$
|
||||
| Useful To Me Not Useful To Me | |||||
|
Siwomp
Supreme |
29-Jul-2016 10:56
|
||||
|
x 0
x 0 Alert Admin |
I still remember how sias "helped" me during the clob saga............... | ||||
| Useful To Me Not Useful To Me | |||||
|
JTWKSG
Member |
29-Jul-2016 10:34
|
||||
|
x 0
x 0 Alert Admin |
Let' s hope SIAS can help SMRT long term shareholders. Shareholders should not be subject to such cornered situation whereby if they don' t accept the buyover offer price, faced a gloom situation of share price plunge, all because of an unfavourable NRFF deal according to the analysts. For the past few years, SMRT had been saying that they were in talks with the authorities for NRFF which will help the company positively if it goes through. Many SMRT shareholders bought SMRT shares were due to the promise of NRFF. So now, NRFF turned out to be an unfavorable deal for SMRT according to all analysts, SMRT need to answer to the shareholders. Furthermore, they are not paying a special dividend to the shareholders for the $1b proceeds from the sale of assets. TH buyover was right after the NRFF deal announcement but the offer price is only a mere 8.7% premium which falls below the market buyover norm of at least 30% premium above the last unaffected trading price (Based on recent high profile buyover cases). All these terms were not favourable to SMRT long term miniority shareholders. After the NRFF and buyover announcement, instead of rejoicing, long term SMRT shareholders have to endure the fear of voting NO and subjected to all the nay-sayers fear mongering comments (just look at this forum alone for all the fear mongering comments). Such fear instilling sentiments is detrimental to Singapore investing climate and reputation. Who would want to invest in Singapore stock market and be a long term investor if long term shareholders' rights are not represented and not duly rewarded? What shareholders hope for, is a reasonable buyover offer price in line with the market norm. SMRT has the responsibility to ensure that it' s long term shareholders, are rightfully rewarded for the unwavering support for holding the stock. It is a positive move for SIAS to help voicing out the concerns of shareholders. Let' s hope this will translate to positive outcome and not NATO.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Siwomp
Supreme |
29-Jul-2016 07:56
|
||||
|
x 0
x 0 Alert Admin |
That is not going to happen....... its political suicide............
|
||||
| Useful To Me Not Useful To Me | |||||
|
famouspinky
Supreme |
29-Jul-2016 07:22
|
||||
|
x 0
x 0 Alert Admin |
When smrt raise fares which they will after leaving every one to the one and only rail system.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Goldfinger
Supreme |
29-Jul-2016 07:18
|
||||
|
x 0
x 0 Alert Admin |
So you mean packed like sardines and hence immensely profitable?
|
||||
| Useful To Me Not Useful To Me | |||||
|
Qanghoo
Supreme |
29-Jul-2016 07:12
|
||||
|
x 0
x 0 Alert Admin |
Approved fare formula is to ensure transport operators don' t go bankrupt. N the STC episode has so often been used as a scare tactic to shut all up. Also, with the huge subsidies from tax payers, these operators remain comfortably profitable to keep paying div year in, year out. Even LTA' s taking over of the rail assets are designed to keep the transport operators profitable, albeit at lower margins. So, let' s be more realistic abt things.
|
||||
| Useful To Me Not Useful To Me | |||||
|
famouspinky
Supreme |
28-Jul-2016 21:50
|
||||
|
x 0
x 0 Alert Admin |
Look at the rail system in Japan. Smrt will be like this in future.
|
||||
| Useful To Me Not Useful To Me | |||||
|
sgng123
Supreme |
28-Jul-2016 21:44
|
||||
|
x 0
x 0 Alert Admin |
Packed only in peak hour, doing public transport is money burning that why temasek taking it back. Give long tlme investor a escape route. No worry shit would get go after all the scare in current market company going bankrupt lol
|
||||
| Useful To Me Not Useful To Me | |||||
|
Goldfinger
Supreme |
28-Jul-2016 21:37
|
||||
|
x 0
x 0 Alert Admin |
If you see how packed the MRTs are every morning and evening, like sardines, how to go the way of Swiber???
|
||||
| Useful To Me Not Useful To Me | |||||
|
sgng123
Supreme |
28-Jul-2016 21:32
|
||||
|
x 0
x 0 Alert Admin |
Hard cold cash more trustworthy than empty promise to turnaround company. Go for the cash! |
||||
| Useful To Me Not Useful To Me | |||||