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Property stocks are moving up very fast. Sooner or later smart money will come into UE at this price which is still very cheap
lglg666 ( Date: 19-Jul-2017 08:13) Posted:
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Very lucky that can sold off at higher price than the offer price of $2.60 quite frankly I don't care what is game the BB is playing. The old money bags 💼 are leaving us to the dogs so to speak in order to save their own skin.
lglg666 ( Date: 19-Jul-2017 00:10) Posted:
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I am out too. Expect it to go below 2.60 after minority reject the deal.
Sold mine from $2.65 to 2.67 and licked a small wound. Luckily GLP restored my faith that there are some deals worth looking out for. Hopefully the next one is Rowsley. For the long suffering shareholders who had the sinking feeling ( like fallen in a quick sand hole )......now can try to reach out to grab something to hold onto.
lglg666 ( Date: 13-Jul-2017 21:48) Posted:
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Share price have been maintaining at $2.63-$2.64
so meaning somebody out there deem that $2.63 and $2.64 is a good price to accumulate.
maybe the " Somebody" Might be accumulating to buyout the company at cheap ? ( Fat Hope maybe i know..but i believe in fairy tale )
So there is basically a cut lost or buy hope.
Worst case sell at $2.60.. use 0.04 to buy " hope"
so meaning somebody out there deem that $2.63 and $2.64 is a good price to accumulate.
maybe the " Somebody" Might be accumulating to buyout the company at cheap ? ( Fat Hope maybe i know..but i believe in fairy tale )
So there is basically a cut lost or buy hope.
Worst case sell at $2.60.. use 0.04 to buy " hope"
what dobu think if we hold long time also ?
why not sell this here and take up GLP at 3.30 ?
SgTrader17 ( Date: 18-Jul-2017 01:00) Posted:
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2.64 & 2.60 not much diff lah.
$4 only then can see the difference.
But, need some time.
Or ... Long time, maybe.
$4 only then can see the difference.
But, need some time.
Or ... Long time, maybe.
AndyLoss ( Date: 18-Jul-2017 00:38) Posted:
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now atleast we are getting 2.63-2.64 later on this will reduce to 2.60 :)
SgTrader17 ( Date: 18-Jul-2017 00:01) Posted:
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Hm ...
tanakow ( Date: 17-Jul-2017 23:38) Posted:
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No $4 no sell.
AndyLoss ( Date: 17-Jul-2017 22:08) Posted:
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are you guys still holding or sold off ?
leescums ( Date: 17-Jul-2017 21:10) Posted:
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OCBC and Great Eastern officially replaced by Perennial and Yanlord as the new majority shareholders in UE. this probably means unlikely to have a counter offer. i think the only way out is for UE to sell our WBL stake at 2.07 and then ask them to give a special dividend. also, next 2 days, need to see annocuement as to who is buying UE.
Whether it goes up or down after the offer of 2.6 is another issue totally. In other words, it depends on your reading of the market situation. What I'm saying now is at 2.6 now, there are definitely buyers coming in to buy.
investshare ( Date: 15-Jul-2017 18:36) Posted:
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Interesting to note the buy-Q with over 4m while selling barely 10% of that. From the look of it, these purchases (& potential purchases) unlikely related to the consortium.
Post-announcement, some analyst may also bring-out conflicted or biased views and of course those who jumped to sell (and openly declared), should just turn sour-grapes.
In the next few days, hopefully some positive development surfaces
Post-announcement, some analyst may also bring-out conflicted or biased views and of course those who jumped to sell (and openly declared), should just turn sour-grapes.
In the next few days, hopefully some positive development surfaces
shareholders dont have to reject their offer. i think that' s not the point of the board meeting because they do not want to takeover the company. I think the key focus here is the WBL stake. as UE shareholders we need them to buy it at 2.07 from us. then the whole UE game will be different. and the share price won' t tank. if these so-called tankers below 2.60, put ur money where ur mouth is and short? if u want to married deal below 2.60. how many lots u have I take all? Do ur homework la. Monday if it hits 2.60 or below, I am loading.
Exactly this is their intent. They do not have so much to takeover while company. But they are forced to do privatisation bid. So shareholders rejecting their offer is exactly what they want. If this is true, price will drop only after privatisation bid fail.
CraigFoo ( Date: 15-Jul-2017 13:27) Posted:
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Market price is 2.67. Who will accept the 2.6 offer. It's just making a general offer due to regulations.
Clipper ( Date: 15-Jul-2017 13:15) Posted:
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As a shareholder of UE, we also own WBL (theorectically). So, if Yanlord/Parennial consortium is willing to pay $2.07 to OCBC/GE and parties for each share of WBL then each UE share should contain a $2.07 value of WBL component (from this transaction).
As shareholder of UE, if we accept $2.60 price, then we essentially ' relinquish' this $2.07 valuation of WBL which UE owns.
OCBC/GE and party will get $2.60 + $2.07 from the sale of UE and their direct share of WBL.
From UE shareholder point of view we get $2.60 only. This puts UE shareholders at the ' short end of the stick' , especially when Yanlord/Parennial consortium $2.60 offer price is below the book value of UE. I think it is unfair for UE shareholders to accept $2.60 price.
As shareholder of UE, if we accept $2.60 price, then we essentially ' relinquish' this $2.07 valuation of WBL which UE owns.
OCBC/GE and party will get $2.60 + $2.07 from the sale of UE and their direct share of WBL.
From UE shareholder point of view we get $2.60 only. This puts UE shareholders at the ' short end of the stick' , especially when Yanlord/Parennial consortium $2.60 offer price is below the book value of UE. I think it is unfair for UE shareholders to accept $2.60 price.
" The consortium intends to maintain the listing status of UEL and will re-evaluate its position should UEL not meet the minimum public float requirement on the closing date of the offers."
Yanlord-led consortium takes 33.5% stake in United Engineers, triggering takeover (Amended)
Thursday, July 13, 2017 - 19:20
A CONSORTIUM led by Yanlord Land Group and Perennial Real Estate has acquired a 33.5 per cent stake in United Engineers Limited (UEL) at S$2.60 per share and a 10 per cent stake in WBL Corporation for S$2.07 per share.
It has committed to buy another 19.9 per cent stake in WBL at a later date. The total purchase cost for these stakes is S$729.7 million.
The move has triggered a mandatory takeover for UEL.
At the offer prices, the consortium is valuing 100 per cent of UEL and 29.9 per cent of WBL at about S$1.83 billion.
Both Yanlord and Perennial had halted trading of their shares on Singapore Exchange on Wednesday pending the announcement.
The move marks Yanlord' s first foray into Singapore real estate market, after its public listing here in June 2006.
Yanlord chairman and CEO Zhong Sheng Jian said: " As a key global financial centre, Singapore' s real estate market continues to present a good value proposition for developers such as ourselves seeking to develop stable and recurring revenue streams."
Perennial CEO Pua Seck Guan said the partnership between Perennial and Yanlord brings together " synergistic skillsets and on-ground delivery capabilities, which will facilitate the unlocking of the potential value in United Engineers for all stakeholders" .
The consortium intends to maintain the listing status of UEL and will re-evaluate its position should UEL not meet the minimum public float requirement on the closing date of the offers.
In the event that the ordinary share offer for UEL becomes unconditional, this will trigger a " chain offer" for WBL at S$2.07 per share as UEL currently owns 67.6 per cent stake in WBL, which was delisted in February 2014.
Credit Suisse Group has advised OCBC and its insurance unit Great Eastern on the strategic review of their stakes in UEL since September.
Amendment Note: The story earlier mentioned that the S$729.7 million purchase price was for 33.5 per cent stake in UEL and a 10 per cent stake in WBL. It should be for 33.5 per cent of UEL and 29.9 per cent of WBL. The story has been amended to reflect this.
Yanlord-led consortium takes 33.5% stake in United Engineers, triggering takeover (Amended)
Thursday, July 13, 2017 - 19:20
A CONSORTIUM led by Yanlord Land Group and Perennial Real Estate has acquired a 33.5 per cent stake in United Engineers Limited (UEL) at S$2.60 per share and a 10 per cent stake in WBL Corporation for S$2.07 per share.
It has committed to buy another 19.9 per cent stake in WBL at a later date. The total purchase cost for these stakes is S$729.7 million.
The move has triggered a mandatory takeover for UEL.
At the offer prices, the consortium is valuing 100 per cent of UEL and 29.9 per cent of WBL at about S$1.83 billion.
Both Yanlord and Perennial had halted trading of their shares on Singapore Exchange on Wednesday pending the announcement.
The move marks Yanlord' s first foray into Singapore real estate market, after its public listing here in June 2006.
Yanlord chairman and CEO Zhong Sheng Jian said: " As a key global financial centre, Singapore' s real estate market continues to present a good value proposition for developers such as ourselves seeking to develop stable and recurring revenue streams."
Perennial CEO Pua Seck Guan said the partnership between Perennial and Yanlord brings together " synergistic skillsets and on-ground delivery capabilities, which will facilitate the unlocking of the potential value in United Engineers for all stakeholders" .
The consortium intends to maintain the listing status of UEL and will re-evaluate its position should UEL not meet the minimum public float requirement on the closing date of the offers.
In the event that the ordinary share offer for UEL becomes unconditional, this will trigger a " chain offer" for WBL at S$2.07 per share as UEL currently owns 67.6 per cent stake in WBL, which was delisted in February 2014.
Credit Suisse Group has advised OCBC and its insurance unit Great Eastern on the strategic review of their stakes in UEL since September.
Amendment Note: The story earlier mentioned that the S$729.7 million purchase price was for 33.5 per cent stake in UEL and a 10 per cent stake in WBL. It should be for 33.5 per cent of UEL and 29.9 per cent of WBL. The story has been amended to reflect this.
investshare ( Date: 14-Jul-2017 20:25) Posted:
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I also hope to get higher price. But how to fight?
OCBC can sell to whoever they want at whatever price they are happy.
Of course you can stop them from privatisation. But based on what I see, they do not intend to privatised in the first place.
Can other make offer? Of course they can. But they know Perennial and Yanlord would not accept. So unlikely anyone will go this path?
OCBC can sell to whoever they want at whatever price they are happy.
Of course you can stop them from privatisation. But based on what I see, they do not intend to privatised in the first place.
Can other make offer? Of course they can. But they know Perennial and Yanlord would not accept. So unlikely anyone will go this path?
goldeneye ( Date: 14-Jul-2017 19:10) Posted:
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