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It' s the other way round more likely. If the war continues then people more likely to take the cash on the table because they are worried about holding the stock when the world blowing up. If everything going nicey nice then people less worried about the bid failing and so happy to hold on.
By than the war ended, market go up everybody happy all will say " yes" lah......
AGM set for 24 April. Let' s see there if the board members are supportive of the deal and how they justify their position. Also can see how many shareholders are against.
For paincare SIAS query it and paincare cannot answered (I think) ask for self suspension....
Wait for SIAS come out to shout whether cheap or not !....? Please don' t make it like Paincare we cannot smell anything lah...
https://www.smartkarma.com/insights/avarga-avarga-sp-tong-s-scheme-is-light
https://www.smartkarma.com/insights/avarga-avarga-sp-scheme-value-below-the-value-of-taiga-stake-but-likely-done
Both these guys think the offer is light, but unclear if the offeror will be forced to increase their bid.
https://www.smartkarma.com/insights/avarga-avarga-sp-scheme-value-below-the-value-of-taiga-stake-but-likely-done
Both these guys think the offer is light, but unclear if the offeror will be forced to increase their bid.
Aiya, company gave dividend we take, why give is company decision but share price must reflect market. valuation....
alfredx ( Date: 14-Mar-2026 14:21) Posted:
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Hi YSH2006 , I brought 315 and 330 last time.. cut loses abit when they announce they don?t pay anymore dividend..
u still remember last yr Aug they payout special dividend of $1200 per lot ? Now delist price $2.70 and $1200 , actually is $3.90 already.. count ourselves lucky to get profit even after so long .. I know they NAV is more than that but in the end we can get profit from it why not ? Unless u brought $0.40 and above then is a loses..
u still remember last yr Aug they payout special dividend of $1200 per lot ? Now delist price $2.70 and $1200 , actually is $3.90 already.. count ourselves lucky to get profit even after so long .. I know they NAV is more than that but in the end we can get profit from it why not ? Unless u brought $0.40 and above then is a loses..
ysh2006 ( Date: 14-Mar-2026 12:55) Posted:
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What usually happens is that there needs to be one or a few big shareholders whose shareholdings are big enough to determine success or failure of the offer. The offeror would then engage in discussions with these people and agree an increase in the offer price that is sufficient to persuade these people to vote in favour. This is the easiest way to get to a win-win outcome, because both sides then have certainty in getting what they want.
In the absence of someone for the offeror to negotiate with, it then all becomes less predictable because the offeror does not know how much it will take to get the offer over the line. Ideally, we therefore need to hope that there is a shareholder big enough that can take this role. Alternatively, a specialist fund or funds buys enough shares between now and the offer deadline to get themselves into the driving seat.
In the absence of someone for the offeror to negotiate with, it then all becomes less predictable because the offeror does not know how much it will take to get the offer over the line. Ideally, we therefore need to hope that there is a shareholder big enough that can take this role. Alternatively, a specialist fund or funds buys enough shares between now and the offer deadline to get themselves into the driving seat.
ysh2006 ( Date: 14-Mar-2026 12:55) Posted:
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How to force him to offer a higher price ? Me boight the UPP at 30c equivalent tol $3.00 few yr baclk...
Alignment ( Date: 14-Mar-2026 11:44) Posted:
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No, he sold out when the current offeror bought his position at $2.5 (adjusted for the share consolidation) that triggered the mandatory offer in 2024.
That mandatory offer was structured as an offer which meant that those shareholders who refused to sell could not be mandatorily bought out unless the offeror reached a very high acceptance threshold (which was not reached).
This time round the offeror is using a scheme of arrangement structure, which facilitates him forcing holdouts to sell to him at a lower acceptance threshold. What this tells me is that he is very keen to delist the company, and hence is another indicator that he probably would be willing to pay a bit more to get the deal over the line if he was forced to.
That mandatory offer was structured as an offer which meant that those shareholders who refused to sell could not be mandatorily bought out unless the offeror reached a very high acceptance threshold (which was not reached).
This time round the offeror is using a scheme of arrangement structure, which facilitates him forcing holdouts to sell to him at a lower acceptance threshold. What this tells me is that he is very keen to delist the company, and hence is another indicator that he probably would be willing to pay a bit more to get the deal over the line if he was forced to.
Is Mr Peter Lim still one of the SSH (ex UPP) ?
Sorry I generally avoid giving advice on specifically what action to take, partly because different people have different circumstances so the right course of action can vary even under the same situation. For instance, some people are financially more willing and able than others to take the risk that the deal fails to complete. Also whether the alternative offer of a partial debt like instrument is attractive depends on one' s view of cost of capital. I just try to paint a picture and people can take from it what they want.
I would say in response to your comment that it seems highly unlikely there will be a counter offer by someone else. The offerer already controls 86.6% and wants to buy the rest. It does not seem feasible that a third party will come in and make an offer than would entice them to sell.
I would say in response to your comment that it seems highly unlikely there will be a counter offer by someone else. The offerer already controls 86.6% and wants to buy the rest. It does not seem feasible that a third party will come in and make an offer than would entice them to sell.
ysh2006 ( Date: 13-Mar-2026 12:35) Posted:
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Thanks, so I will still keep it not sell maybe till a higher offer or something one try to counter offer ?
Alignment ( Date: 13-Mar-2026 12:27) Posted:
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Avarga owns a 74% stake in Taiga. This stake alone is, based on the Taiga current share price, worth 13% more than Avarga' s market cap at the $2.70 price being offered.
The offeror controls 86.6% of Avarga, so only the remaining 13.3% of shares can vote. If say 50% of these remaining people vote i.e. 6.65% of shareholders, it only takes 25% of those voting to block the deal. So based on these numbers it only takes 1.7% of shareholders to block the deal. You can play with the 50% assumption which is the main variable to see what may happen under different scenarios.
Finally, the premium offered to the undisturbed share price is not that high.
Based on the above 3 points, I suggest that 1) the offeror would be getting the shares cheaply at the $2.70 offer price, 2) it would not take many people unhappy with the offer to make it fail, and 3) if it does fail shareholders will not lose much because the price would not have too far to fall to the undisturbed price.
Hence it seems to me the offeror can offer more to get the deal over the line, and may need to do so. 3-6% perhaps? At $2.8-2.85 they would still get a lot more value from the share than what they are paying.
Just my thoughts. Clearly some offers on SGX have resulted in higher revised offers and others have not. In each situation we have to guess whether the offeror would be forced to do so by the specific circumstances.
The offeror controls 86.6% of Avarga, so only the remaining 13.3% of shares can vote. If say 50% of these remaining people vote i.e. 6.65% of shareholders, it only takes 25% of those voting to block the deal. So based on these numbers it only takes 1.7% of shareholders to block the deal. You can play with the 50% assumption which is the main variable to see what may happen under different scenarios.
Finally, the premium offered to the undisturbed share price is not that high.
Based on the above 3 points, I suggest that 1) the offeror would be getting the shares cheaply at the $2.70 offer price, 2) it would not take many people unhappy with the offer to make it fail, and 3) if it does fail shareholders will not lose much because the price would not have too far to fall to the undisturbed price.
Hence it seems to me the offeror can offer more to get the deal over the line, and may need to do so. 3-6% perhaps? At $2.8-2.85 they would still get a lot more value from the share than what they are paying.
Just my thoughts. Clearly some offers on SGX have resulted in higher revised offers and others have not. In each situation we have to guess whether the offeror would be forced to do so by the specific circumstances.
The mother shares are being offered by TKO at $2.70, can forumers advice can take the offer or not ?
Thanks.
SJ can' t find the mother shares Avarge to post.
Thanks.
SJ can' t find the mother shares Avarge to post.