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800 Super Holdings - Ex Dividend on 2 Nov Post Reply Rate topic
Starship Supreme	06-May-2019 11:21        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	800 Super: Lee family makes S$0.90 per share cash offer with KKR financing MON, MAY 06, 2019 - 8:40 AM THE Lee family that controls 800 Super Holdings has made a voluntary conditional offer for the  Catalist-listed rubbish collection firm in a bid to delist it, calling on financing from private equity firm KKR. The Lees are offering S$0.90 in cash for each 800 Super share, in a deal that values the company at S$161 million.  They do not intend to increase the offer price, 800 Super announced in a regulatory filing on Monday before the market opened. The offer price represents a premium of 16.1 per cent to the company' s last transacted price per share of S$0.775 on April 26, which is the last full market day on which they were transacted. 800 Super had called for a trading halt last Monday (April 29) morning after its shares rose 4.52 per cent in early trading. They had surged 10.71 per cent in the previous trading session on April 26. The offer price is also a 17.6 per cent premium to 800 Super' s  weighted average price per share over the last 12 months.  The shares will resume trading on Monday. The Lee family  currently controls about 77.6 per cent of the company. Their offer is conditional  upon receiving not less than 90 per cent of the total number of issued shares as at the close of the offer. Lee Koh Yong, executive chairman of 800 Super, said: " Privatising will enable 800 Super to save on expenses relating to the maintenance of a listed status and allow the company to focus its resources on operational matters amidst the competitive business landscape.&rdquo   &ldquo The offer represents an opportunity for shareholders to realise their entire investment in the shares at a premium to historical trading prices. It also provides shareholders with a means for a clean cash exit that would otherwise not be available given the low trading liquidity of the shares." The Lee family is tapping KKR to finance the offer. KKR  will provide a combination of debt and structured equity financing, from pools of capital including KKR&rsquo s Private Credit Opportunities II fund and proprietary investment vehicles. If the offer becomes unconditional, the offeror will issue fixed rate bonds due 2023 and some 22.2 million convertible preference shares that KKR' s funds will subscribe to. In connection with the funding arrangements, a share charge has been entered into between theofferor and KKR. 800 Super co-founder and chief executive Lee Cheng Chye said that KKR' s financing solution will enable the family  to retain ownership: " We look forward to go on working with the company&rsquo s existing management team and employees in partnership with KKR.&rdquo Ashish Shastry, chief executive of KKR Southeast Asia, said he looks forward to doing more with the Lee family: &ldquo KKR&rsquo s primary goal in this region is to work with great entrepreneurs and the founding families of homegrown businesses. We are very flexible on the type of support we provide &mdash in this case, the Lee family required a credit-oriented solution, but we are also working with family groups by making majority or minority equity investments.&rdquo   Brian Dillard, managing director and head of KKR Asia Credit, added: &ldquo We hope to continue to leverage our alternative investment franchise and credit capabilities to provide well-tailored financing solutions for other family and business groups in the region.&rdquo An offer document will be despatched to shareholders within the next three weeks. RHB Securities Singapore is the financial adviser to the offeror. Richard Leow, a former analyst who had covered the stock for more than four years, told  The Business Times: " The privatisation makes sense on two fronts. The company has not raised any new capital from the equity market since its listing in July 2011, yet had associated expenses to remain listed. " Timing is opportune, with the depressed share price. The current profitability is muted during the ramp up phase of its projects, but it has actually bottomed, and financial year 2020 (end-June) should be a good year for the company." 800 Super owns an integrated facility in Tuas South that includes a biomass energy plant, a sludge treatment plant, and an industrial laundry. This is an " exciting" business where the by-product from one process is used in the next, Mr Leow said. He added: " Expect to see positive  free cash flow in FY2020 (end-June) following the completion of expansion capex.  FY2020 (end-June) should also start to see ability to make repayment of debt and deleveraging of balance sheet." https://www.businesstimes.com.sg/companies-markets/800-super-lee-family-makes-s090-per-share-cash-offer-with-kkr-financing
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Lucas4 Veteran	06-Sep-2018 15:30        Lucas4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	game over
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Berani Elite	06-Sep-2018 14:58        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	i scarce.... not dare to buy shyeo1223      ( Date: 06-Sep-2018 14:42) Posted: Damn pissed off.  Just sold this morning and afternoon cheong non-stop :(
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shyeo1223 Master	06-Sep-2018 14:42        shyeo1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Damn pissed off.  Just sold this morning and afternoon cheong non-stop :(
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Lucas4 Veteran	06-Sep-2018 14:41        Lucas4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	engine start for final chiong
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Lucas4 Veteran	06-Sep-2018 14:38        Lucas4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	third round
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gchan516 Master	05-Sep-2018 12:56        gchan516 About Contact  Quote this Post!
x 0   x 0  Alert Admin	did not monitor this morning as Noble caught my eye instead ... besides AEM gchan516      ( Date: 05-Sep-2018 08:30) Posted: Sir Sgyuan, got any outlook for this ?
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Berani Elite	05-Sep-2018 12:44        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	not touch this stock anymore. very dangerous but earn few hundred liao... is time to move on Lucas4      ( Date: 05-Sep-2018 12:01) Posted: should touch 75 to cover the gap 75-755 later
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Lucas4 Veteran	05-Sep-2018 12:01        Lucas4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	should touch 75 to cover the gap 75-755 later
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gchan516 Master	05-Sep-2018 08:30        gchan516 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sir Sgyuan, got any outlook for this ?
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Secret_Squirrel Master	04-Sep-2018 22:08        Secret_Squirrel About Contact  Quote this Post!   Yells: "Buy share cannot keep long ,will LPPL ,back to square one"
x 0   x 0  Alert Admin	Super holding becomes Superman, up up up on the way Lucas4      ( Date: 04-Sep-2018 09:41) Posted: should test opening price 765 later
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Lucas4 Veteran	04-Sep-2018 09:41        Lucas4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	should test opening price 765 later
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Lucas4 Veteran	04-Sep-2018 09:26        Lucas4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	cover gap and close my position
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Berani Elite	04-Sep-2018 09:09        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	as long can clear 0.8.... then 0.9 coming Lucas4      ( Date: 04-Sep-2018 09:08) Posted: second round
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Lucas4 Veteran	04-Sep-2018 09:09        Lucas4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	seems to cover the gap
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Lucas4 Veteran	04-Sep-2018 09:08        Lucas4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	second round
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Berani Elite	04-Sep-2018 00:26        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	as long can let me make money... then is good stock ! Wind22i      ( Date: 03-Sep-2018 23:06) Posted: Its funny that broker can think that garbage collector is better than most stocks
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Wind22i Supreme	03-Sep-2018 23:06        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	Its funny that broker can think that garbage collector is better than most stocks
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Lucas4 Veteran	03-Sep-2018 21:16        Lucas4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	you shall thanks phillip capital. haha
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Berani Elite	03-Sep-2018 20:05        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks... make few hundred today :) Lucas4      ( Date: 03-Sep-2018 15:09) Posted: short covering and push it to 81
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