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SPH Reit
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chengwh1
Elite |
01-Jul-2022 11:36
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See what other following annt' s will be filed now,... Otherwise, if none, the coming qtr reporting will give a clearer picture of Cuscaden' s coming plans. | ||||
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paul1688
Veteran |
01-Jul-2022 11:27
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SINGAPORE (THE BUSINESS TIMES) - The chain offer for SPH Reit has closed with valid acceptances in respect of 402.9 million units, representing about 14.36 per cent of total issued units, according to a bourse filing on Thursday night (June 30).
This will bring Cuscaden Peak and its concert parties' stake in the real estate investment trust (Reit) to 61.68 per cent, or about 1.73 billion units. The offer had previously turned unconditional on June 1 after it received valid acceptances representing about 4.64 per cent of total issued SPH Reit units. Cuscaden, a consortium comprising Hotel Properties, businessman Ong Beng Seng and Temasek-linked entities CLA and Mapletree, had in April 2022 offered to acquire SPH Reit at the minimum offer price of 93.72 cents per unit. This came following the completion of an offer by Cuscaden to take Singapore Press Holdings (SPH) private, which resulted in Cuscaden and its concert parties owning 47.2 per cent of SPH Reit. Units of SPH Reit were trading down 0.5 cent, or 0.5 per cent, to 93 cents at 10.42am on Friday, after the announcement. |
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chengwh1
Elite |
01-Jul-2022 00:03
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Announced at 11.15 pm (or dropped into my Inbox) = ONLY 61.68% is under Cuscaden' s control as of 5.30 pm Hence, Cuscaden is not ' forced' to buyout all unitholders ! Since Cuscaden said earlier they have no intention to delist and to take SPHR private, SPHR will go on in a business-as-usual manner, IF Cuscaden keeps her words. If Cuscaden keeps her words, they will not put another offer on the table again. Unitholders will continue to own SPHR, and SPHR will prosper with Singapore' s re-opening. Let' s see,.... |
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Goldfinger
Supreme |
30-Jun-2022 22:44
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Will it remain listed? Anyone knows what is the current percentage under Cuscaden control?
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coyote
Member |
30-Jun-2022 13:16
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Today is last day of of accepting the offer and share price is only kept up to 0.935 - 0.94. Seemed price is supported because of the offer.
After the offer lapse today, share price will drop below 0.937? |
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LongXia
Senior |
13-Jun-2022 18:24
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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Hit $0,95 convincingly, even though the market was on its knees, bleeding... i m sure it will hit $1.00 by next month or earlier when the takeover offer expired.... Stay tuned for a marriage proposal. |
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LongXia
Senior |
09-Jun-2022 10:58
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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Today someone keeps attacking the 95 wall.... Theres some coffee shop story to it... I' ll tell some later because some uncles may be in the middle of it. although the offer will expire at of the month, I think it is not likely to cross the 90% mark, so I suspect the horse trading already done.... |
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LongXia
Senior |
06-Jun-2022 17:39
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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With due respect, if you want to be an expert in charts, MA Or SA or TA or whatever, at least get to know what are the basics in SGX rulings... in particular what the threshold of 30%, 50%, 90% means in a takeover setting... as well as a simple meaning in a whitewash resolution.... then you may get lesser headaches.. cheers
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ytthong1951
Member |
06-Jun-2022 10:15
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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LongXia Senior' s post 5Jun' 22 17:06 is accurate & correct. The consortium taking over Sph Reit is saying in Sgx that they will not be actively pursuing delisting unless their holding crosses 90%. At the last that I read, it is only 51+%. I am not selling mine too until it perhaps crosses the $1 mark or where the yield is less than 5%. wyeo. |
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ysh2006
Supreme |
06-Jun-2022 07:16
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Mr Ong only now get 51% cannot force buy from you.So if from now till month end most SH don't selll can already ...
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TA_Expert
Supreme |
05-Jun-2022 17:40
Yells: "The World has changed" |
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Are you even given a choice? It has become compulsory acqusition, i.e. whether you accept or not, the sale will still proceed. This is a daylight robbery by the BBs. All the long term shareholders lose money. This is a another classic case that Temasek companies kill minority shareholders. |
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LongXia
Senior |
05-Jun-2022 17:06
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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This is the uncles views, which I conveyed some where......
I think I wrote somewhere, that you shouldn&rsquo t be accepting this ridiculous low ball offer... price will rebound big time once there dust is settled.... I am of the view, and I said so several times at various places, that the company will be transferred to the strongest bidder within the consortium either in whole or in parts. From the onset it has never been the intention of the consortium to delist the company , it so happened the terms of takeover of SPH was such that they have to make this chain takeover offer. |
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ysh2006
Supreme |
05-Jun-2022 15:31
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Only buy up volume 100,200,1000 shares wayang wayang only .....extension date is also wayang ! shareholders won' t sell he also cannot do anything, beside increase the price..
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chengwh1
Elite |
05-Jun-2022 14:30
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I' m not giving up my units too,... but,... Was thinking : everytime a dividend is paid out, will the Offer Price keeps getting reduced ? Anywhere in the Offer Documents mentioning this ? Secondly,... the Offeror can keep extending the Offer Price till they managed to accumulate a minimum of 90% ? |
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leeketon
Member |
25-May-2022 10:49
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Thanks for all the advice and feedback. So I will hold and not sell to this stupid offer. However...key concern is after this exercise they may delist and play everyone out. :(... | ||||
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LongXia
Senior |
24-May-2022 09:29
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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No coincidence.... price gone up after I posted... it will be back to a dollar stock, soon.. And I will tell you why. Just don' t mock or imitate the coffee shop uncles.
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ysh2006
Supreme |
22-May-2022 21:50
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Like this some former said Ong BS sure win and delist this reit and later like "Dream Cruise " sail again ? | ||||
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Sg_KoalaDreaming
Veteran |
22-May-2022 16:24
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yeah my teh tarik stall owner was telling me that he believes there will be assets pump in, now that the possibility to take the existing reit private first and then relist in a new package to gain a better IPO price is fraught with lots of uncertainty in view of market situation. My teh tarik stall owner is willing to offer me 6 complimentary drinks as he is confident. hmmm.... wondering whether to do a deal with him 
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LongXia
Senior |
22-May-2022 11:30
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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I don' t normally post on weekend... but I thought I give my view on this. if you hv bought it low, say at $0.80 plus, then maybe u want to cash out considering the offer is above nav. But if you are an adventurous guy, got holding power, you may want to wait abit longer. if the coffee shops uncles are to believe, there will be a major corporate move after offer is over. The mandatory cash offer was made or has to be made because in its bid to take over SPH OBS consortium has effectively crossed the mandatory takeover threshold.... we believe it is its intention to keep the reit listed, and then decided on who will take over the prize among the members of the consortium. Note that Capitaland and Mapletree are among the vultures. However, it is common knowledge that OBS is very interested in Paragon. pdyohwadfmb |
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ysh2006
Supreme |
22-May-2022 11:07
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Ong BS already got more than 50% ...just a show to offer a price ...
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