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Tuan Sing
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PRIVATISE AT 50CENTS
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tritonyeah666
Elite |
07-Aug-2020 23:36
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NAV goes up to 1.03 now no longer just 0.93. This should be at 0.33 at least upon removal of trading halt on tuesday. Gap up on market open. | ||||
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Endorphine
Member |
07-Aug-2020 23:30
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Hope next week this piece of news can push up the price. After the sudden surge in June this counter have been going down slowly. | ||||
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ysh2006
Supreme |
07-Aug-2020 22:04
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Ya will be "huat Ah" if successfully taken by buyer..should buy more now!!
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Goldfinger
Supreme |
07-Aug-2020 21:47
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SGD500million for a company with one billion shares on issue, is like SGD50 cents a share already.
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Goldfinger
Supreme |
07-Aug-2020 21:34
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I think it would be daylight robbery to privatise at 50 cents - don' t you think?
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ysh2006
Supreme |
07-Aug-2020 21:25
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So no take privatising at 50c loh...?
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Goldfinger
Supreme |
07-Aug-2020 21:18
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This one is the old building down the road from 18 Robinson.  Sale price above SGD2,900 psf I think - so very good price.  Also, commercial office space may no longer be in big demand post-COVID. So good to get out.  But, was hoping they would put all these into a REIT, together with 18 Robinson, the Bukit Timah Property, Aussie Hotels and Offices etc.  Oh well.  
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ysh2006
Supreme |
07-Aug-2020 21:14
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$500M don't who want to buy leh...?...
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Goldfinger
Supreme |
07-Aug-2020 20:45
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Tuan Sing just sold Robinson Point for a BIG FAT PROFIT. Hope they give out BIG FAT DIVIDENDS. | ||||
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Goldfinger
Supreme |
07-Aug-2020 09:33
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Could be something major.  But, given that SP Corp is not halted, cannot be something M& A ie takeover, related. Unless, the intention is to keep that SP Corp listed?  I think it could be a property related deal. That way, no effect on SP Corp.
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tritonyeah666
Elite |
07-Aug-2020 09:17
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still halted? | ||||
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Goldfinger
Supreme |
06-Aug-2020 14:08
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Good think that SP Corp has spiked up - and not down, and only seller is at 50 cents.
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pc1234
Member |
06-Aug-2020 13:06
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Privatization will involve halting of SP too, so unlikely.
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tritonyeah666
Elite |
06-Aug-2020 13:03
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how about privatization? haha or major shareholder Koh Wee Meng doubling down his TS shares which he bought at 0.455 years ago? Just throwing out possibilities. |
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Goldfinger
Supreme |
06-Aug-2020 12:33
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The alternative is some M& A or asset sale, like selling Robinson properties, a REIT or selling the Bukit Timah property or Aussie hotels.  Something that does not involve SP Corporation, since there is no effect on SP Corp and that is not suspended/halted.
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Goldfinger
Supreme |
06-Aug-2020 12:30
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This is also my gut feel - probably a sale to Habitat (RPT) or an external party.  This has been a cash cow for TS though - hence, ambivalent. I may not want to vote in favour - if this goes to an EGM. Unless, they promise like a big fat 10 cent per share special dividend.  Most of the annual profits now come from Gultech.  
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DeepBlue
Veteran |
06-Aug-2020 12:27
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Unlocking value by divesting in GulTech. | ||||
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tritonyeah666
Elite |
06-Aug-2020 12:25
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Shld be GD news. | ||||
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kusje58
Member |
06-Aug-2020 11:54
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This makes me really nervous.... Maybe tonight can' t sleep if the news ain' t released I think I have too high % of funds invested in TS. |
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Goldfinger
Supreme |
06-Aug-2020 11:36
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Think they are quite different. One is into Real Estate, while the other into Food and F& B?  Quite different worlds, and no synergies.
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