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M1 RED HOT NEWS! MUST BUY ON MONDAY

Heard Telekom Msia and Axiata may merge. 2 giants coming together. Will M1 be swallowed?

 

2.50 to 2.60 seems a logical figure .....

hope it will move up to that level come next week .....

danger      ( Date: 18-Mar-2017 11:27) Posted: THIS iS A GOOD PRICE BETWEEN THE HIGHS AND LOWS LOW IN AROUND 2003 AT ABOUT $1.30 HIGH IN AROUND 2015 AT ABOUT $4.00 AVERAGE $2.50 to $2.60

 

Hoot

 

THIS iS A GOOD PRICE BETWEEN THE HIGHS AND LOWS

LOW IN AROUND 2003 AT ABOUT $1.30

HIGH IN AROUND 2015 AT ABOUT $4.00

AVERAGE $2.50 to $2.60

 

More likely $2.50 or more would be the right price to delist

 

I remember that the Malaysian telco axiata mentioned that they will take over when time is ripe.

 

 

The three largest shareholders of M1 are undertaking a " strategic review " of their stakes in the local telco.

Combined, they own more than 60 per cent of M1.

The disclosure came after M1 and its two Singapore-listed shareholders - Keppel Telecommunications & Transportation (Keppel T& T) and Singapore Press Holdings (SPH) - called for a trading halt on their shares yesterday afternoon

 

Malaysian telco Axiata is M1 ' s biggest shareholder with a 28.54 per cent stake, according to Bloomberg data. Keppel T& T, meanwhile, owns 19.23 per cent, while SPH holds 13.38 per cent

 

Speculation over the potential sale or privatisation of M1 has been rife in the market since as early as last year, as Singapore readies itself for a fourth entrant in the telco market

 

 

NEPTUNE Orient Lines (NOL) on Friday said the offer from France ' s CMA CGM is now wholly unconditional, after NOL' s majority shareholder Temasek Holdings tendered all shares in the acceptance of the offer. This means the acceptance condition of the takeover has been met.

CMA CGM now owns 78.07 per cent of all NOL shares, and does not intend to preserve the listing status of NOL.

It offered NOL shareholders the offer price of S$1.30 per share, in cash

 

 

NOL price shoot sky high from the offering price

 

Similar like our ex shipping gem - NOL .... it was delisted after CMA CGM bought over the majority stake in company

 

when you delist , shareholders don' t have to worry about 4th telco

 

No action leh.. y load?? Next month 4th telecom coming liao

 

$2.50 should be a good price to delist

 

Singtel taking over?

 

Load

 

THIS IS MASSIVE MUST JUMP ON BOAT STOCK NOW

 

Another strategic review.   Looks like many companies are conducting strategic reviews nowadays to enhance shareholders value!   Some may not end up with a sale!

 

Reuters 17/03/17, 06:12 pm SINGAPORE (March 17): Singapore telecom firm M1 three biggest shareholders are evaluating selling their combined stakes worth more than $1.14 billion in the company, a source aware of the matter said on Friday, as the firm called for a trading halt.

 

adding that the process is in an early stage. Malaysian telecom firm Axiata Group, the biggest shareholder in M1 with a stake of just over 28%, is also evaluating selling its stake, said the source, who was not authorised to speak to the media. M1 has a market value of over $1.91 billion. Keppel and Singapore Press Holdings, whose shares were halted for trading, had no immediate comment. There was no immediate response from Axiata to an email from Reuters. M1's shares jumped nearly 8% to $2.19 ahead of the trading halt.