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Offer document was received. Anyone can explain when will the offer become " unconditional" and the condition to delist?
Anyone received the offer documents?
pabuayc ( Date: 21-Apr-2020 15:18) Posted:
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Hi, Anyone know when would the offer document be desptch?
SmallSmall ( Date: 14-Apr-2020 14:48) Posted:
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HK trading at HK$17.40 translating to S$2.2436
Meaning by next week the offer document would be despatched. The price would trend closer to US$2.33 with discounts given as it is conditional.
My take is the deal should suceed this round as the offer appears fair in this depressed market valuation.
Pursuant to Rule 8.2 of the Hong Kong Takeovers Code, the Composite Document is required to be despatched within 21 days of the date of this announcement or such later date as the Executive may approve. Pursuant to Rule 22.1 of the Singapore Take-over Code, the Composite Document is required to be despatched not earlier than 14 days but not later than 21 days from the date of this announcement.
It is the intention of the Offeror and E& E to combine the offer document and the offeree board circular in a Composite Document in accordance with the Hong Kong Takeovers Code and the Singapore Take-over Code. The Composite Document will contain, among other things, details of the Offer (accompanied by the acceptance and transfer forms) and incorporate the letter of recommendation from the Independent Board Committee and the letter(s) of advice from the independent financial advisers to be appointed by E& E and other relevant information on the Offeror and the E& E Group as required under the Hong Kong Takeovers Code and the Singapore Take-over Code.
My take is the deal should suceed this round as the offer appears fair in this depressed market valuation.
Pursuant to Rule 8.2 of the Hong Kong Takeovers Code, the Composite Document is required to be despatched within 21 days of the date of this announcement or such later date as the Executive may approve. Pursuant to Rule 22.1 of the Singapore Take-over Code, the Composite Document is required to be despatched not earlier than 14 days but not later than 21 days from the date of this announcement.
It is the intention of the Offeror and E& E to combine the offer document and the offeree board circular in a Composite Document in accordance with the Hong Kong Takeovers Code and the Singapore Take-over Code. The Composite Document will contain, among other things, details of the Offer (accompanied by the acceptance and transfer forms) and incorporate the letter of recommendation from the Independent Board Committee and the letter(s) of advice from the independent financial advisers to be appointed by E& E and other relevant information on the Offeror and the E& E Group as required under the Hong Kong Takeovers Code and the Singapore Take-over Code.
Great arbitraging opportunity for those holding the shares on HKSE. Sell there buy here price difference about US$0.16
SmallSmall ( Date: 06-Apr-2020 15:16) Posted:
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HK side now trading at HK$17.34 ~ US$2.24. Over here trading at US$2.05.
Guess the gap will close over the next few days. My feel is the privatisation should through this round as the offer price is much more attractive compared tot he previous one.
Guess the gap will close over the next few days. My feel is the privatisation should through this round as the offer price is much more attractive compared tot he previous one.
SmallSmall ( Date: 03-Apr-2020 21:18) Posted:
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HK side closed at US$ 2.21 equivalent while here closed at US$2.05
Voluntary Conditional Offer at US$2.33.
Given this depressed market, and the huge premium offered, the deal has a good chance of succeeding.
DYODD
Voluntary Conditional Offer at US$2.33.
Given this depressed market, and the huge premium offered, the deal has a good chance of succeeding.
DYODD
Privatisation offer at HK$18.07 (US$2.33) will send analysts scrambling to dig out undervalue stocks and potential P& A candidates.
Elec & Eltek is now up 86% after the announcement.
Elec & Eltek is now up 86% after the announcement.
Today 100,000 shares done in Hong Kong at HK$15.80 or US$2.01 (1 US$1 = 7.85 HK$)
Only 6,500 shares changed hands in Singapore. Last done US$1.61
Only 6,500 shares changed hands in Singapore. Last done US$1.61
From Annual Report 2017:
Financial Highlights:
Earnings per share: US$19.35 cents
PE: 8.63x
Dividend: US$8 cents
NAV: US$2.15
Net gearing ratio: 11.8%
PROSPECTS
As the Company progresses into the new financial year, the operating environment for the PCB industry remains challenging. The Group is in the process of upgrading its production facilities in order to optimize its product performance, and in the long run, the Group plans to strengthen its scale in production automation, with a view to exercise further control over the operation costs, and to achieve production management model of higher quality, greater stability and improved efficiency, so as to enhance the Group&rsquo s competitiveness. The Group&rsquo s laminates business will continue its focus on thin laminates, and further increase its annual production capacity from 4.8 million sheets to 8.0 million sheets to capture business opportunities in the laminates market. In addition, the Group is in the process of constructing an industrial building in Guangzhou, the PRC by utilising our existing land with a total net floor area of approximately 60,000 sqm. will be leased in return for rental income after the completion of the project. It is expected that the project will bring about a rental income of around US$300,000 to US$400,000 per month to the Group in the future.
The Company place emphasis on product quality control to meet the customer&rsquo s needs. Our engineering team endeavoured to expand the Group&rsquo s customer base as well as obtain qualification in respect of its new projects. The Group is confident that it will be able to obtain more orders and increase our market share in each of its target markets.
Still not able to run like venture and valuetronics. LOL 😂
sunview ( Date: 02-Mar-2018 10:06) Posted:
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Elec & Eltek (US$1.78, unchanged) saw revenue for FY17 increase 4.7% to approximately US$500.4mln, while its gross profit improved by 34.9% to US$70.7mln. Gross margins also grew to 14.1% (FY16: 11.0%), while the increase in gross profit was primarily attributable to the increased sales and expanded profit margin. Meanwhile, net profit jumped by 217.6% to US$36.2mln, while it declared a final dividend of US$0.08 (4Q16: US$0.06). Global demand for the electronics-related industries exhibited growth, which brought along greater demand for printed circuit board and laminates. The number of orders the Group received maintained a steady growth.
Benefiting from increased market demand growth and shortage of laminates upstream materials, the price of laminates increased significantly. The Group improved its production efficiency proactively and achieved satisfactory results and thereby increased its profit margin. The Group also generated positive operating cash flows of US$71.57mln, resulting in a net debt position of US$47.24mln which equates to net gearing of 12.1%. As the Group progresses into the new financial year, the operating environment for the PCB industry remains challenging. The Group is in the process of upgrading its production facilities in order to optimize its product performance, and in the long run, the Group plans to strengthen its scale in production automation
The Group&rsquo s laminates business will continue its focus on thin laminates, and further increase its annual production capacity from 4.8mln sheets to 8mln sheets to capture business opportunities in the laminates market. In addition, the Group is in the process of constructing an industrial building in Guangzhou (PRC) by utilising its existing land with a total net floor area of approximately 60,000 sqm. It will be leased in return for rental income after the completion of the project, and it is expected that the project will bring about a rental income of around US$300k to US$400k per month to the Group in the future. At US$1.78, market cap is US$332.7mln, P/E is 9.2x, P/B is 0.8x, dividend yield is 4.5% and price-to-sales is 0.7x.
(Lim & Tan)
Benefiting from increased market demand growth and shortage of laminates upstream materials, the price of laminates increased significantly. The Group improved its production efficiency proactively and achieved satisfactory results and thereby increased its profit margin. The Group also generated positive operating cash flows of US$71.57mln, resulting in a net debt position of US$47.24mln which equates to net gearing of 12.1%. As the Group progresses into the new financial year, the operating environment for the PCB industry remains challenging. The Group is in the process of upgrading its production facilities in order to optimize its product performance, and in the long run, the Group plans to strengthen its scale in production automation
The Group&rsquo s laminates business will continue its focus on thin laminates, and further increase its annual production capacity from 4.8mln sheets to 8mln sheets to capture business opportunities in the laminates market. In addition, the Group is in the process of constructing an industrial building in Guangzhou (PRC) by utilising its existing land with a total net floor area of approximately 60,000 sqm. It will be leased in return for rental income after the completion of the project, and it is expected that the project will bring about a rental income of around US$300k to US$400k per month to the Group in the future. At US$1.78, market cap is US$332.7mln, P/E is 9.2x, P/B is 0.8x, dividend yield is 4.5% and price-to-sales is 0.7x.
(Lim & Tan)
Thks for your infor
sunview ( Date: 04-Aug-2017 10:12) Posted:
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Actually, the latest NAV should be US$2.06, according to the company report on its 1Q17 results on 15 May 2017. It also reported its net gearing ratio (ratio of interest bearing borrowings net of cash and cash equivalents to total equity) standing at 9.0%.
It is quite a good year for Elec Eltec so far, considering the share price of just US$0.83 at the end of last year. It last trades at US$1.765. That is > 100% over a period of 8 months.
It is quite a good year for Elec Eltec so far, considering the share price of just US$0.83 at the end of last year. It last trades at US$1.765. That is > 100% over a period of 8 months.
sunview ( Date: 04-Aug-2017 09:44) Posted:
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Thanks bro. Maybe will consider to buy some.
sunview ( Date: 04-Aug-2017 09:44) Posted:
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According to the latest Annual Report for the period ending 31 Dec 2016, the NAV is US$2.02
beginners ( Date: 04-Aug-2017 08:31) Posted:
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Bro Any idea what is the NAV ?
sunview ( Date: 03-Aug-2017 11:09) Posted:
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Slowly inching up. Broke out from last high of US$1.69 on Tuesday. Now trading at US$1.75 !
In principle, it can be done. But is it worth it unless the differential is really big ? The risk is it needs time to transfer ones' s shares from one exchange to the other and price may change during that period. Furthermore, the stock is quite illiquid. Anyway I have never done that before.
beginners ( Date: 21-Jul-2017 02:49) Posted:
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