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STEEL prefabrication firm BRC Asia is offering to buy fellow steel player Lee Metal Group at an offer price of 42 Singapore cents for each share, with the aim of delisting the company if it achieves the requisite acceptances.
The offer price represents a premium of 9.1 per cent to Lee Metal's last traded price of 38.5 Singapore cents, and 21.4 per cent to its volume-weighted average price for the three-month period up to the last trading day.
BRC Asia said that the two businesses are complementary and sees potential synergies from the acquisition. These include cross-selling an enlarged customer base, economies of scale, improvement in productivity and cost efficiency, as well as sharing of best practices.
The offer price represents a premium of 9.1 per cent to Lee Metal's last traded price of 38.5 Singapore cents, and 21.4 per cent to its volume-weighted average price for the three-month period up to the last trading day.
BRC Asia said that the two businesses are complementary and sees potential synergies from the acquisition. These include cross-selling an enlarged customer base, economies of scale, improvement in productivity and cost efficiency, as well as sharing of best practices.
http://www.businesstimes.com.sg/companies-markets/brc-asia-makes-offer-for-lee-metal-group
PRECONDITIONAL OFFER ANNOUNCEMENT
Lol premium was priced in
Likely to be taken private. Majority shareholders all have one thing in common. Hahahaha....
hmm trading halt?
all the metal company move...
this still quiet.
this still quiet.
SgYuan ( Date: 16-Nov-2017 10:59) Posted:
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Px 400
EW 360-w1 410- w2 390 - w3 - w4 -w5 abc w4
w1 delta 50
w2 delta 30, drop 60%
w3 up 161.8%=80, tgt 470
w4 dn 38.2%=30, tgt 440
w5 up 100%=490
But w2 is dragging a little long, look weak.
Becareful, if px touch 360, close it.
EW 360-w1 410- w2 390 - w3 - w4 -w5 abc w4
w1 delta 50
w2 delta 30, drop 60%
w3 up 161.8%=80, tgt 470
w4 dn 38.2%=30, tgt 440
w5 up 100%=490
But w2 is dragging a little long, look weak.
Becareful, if px touch 360, close it.
SgYuan ( Date: 16-Nov-2017 10:44) Posted:
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The EW is base on 40 days trend.
It is too long.
I will revise again later.
It is too long.
I will revise again later.
littlew0rm ( Date: 16-Nov-2017 09:38) Posted:
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Hi SgYuan, which wave is Lee Metal at now?
SgYuan ( Date: 12-Nov-2017 12:50) Posted:
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http://www.businesstimes.com.sg/companies-markets/lee-metal-inks-mou-on-potential-offer-shares-hit-3-year-high-before-announcement
Px 385
Woh on a very powerful uptrend EW.
EW 295-w1 390-w2 360-w3 tgt ?
w2 drop only 31% instead of 61.8%.
w3 tgt 510 and most likely a ext EW.
w4 tgt 455(drop 38.2% of w3)
w5 tgt1 550
w5 tgt2 605(w3 ext EW)
abc near w4 455.
Can accumulate now and ride the wave.
Woh on a very powerful uptrend EW.
EW 295-w1 390-w2 360-w3 tgt ?
w2 drop only 31% instead of 61.8%.
w3 tgt 510 and most likely a ext EW.
w4 tgt 455(drop 38.2% of w3)
w5 tgt1 550
w5 tgt2 605(w3 ext EW)
abc near w4 455.
Can accumulate now and ride the wave.
Sorry target level is 415 instead of 314
CIMB recommanded to buy based on TA.
stop loss 340 below
target 400 / 314 / 430 . 460
stop loss 340 below
target 400 / 314 / 430 . 460
near NTA per share. Based on FY2016, it was 38/39 per share.
agreed with goo divided yield in last few years, as almost 50% of the share holding are in brothers and sisters.
agreed with goo divided yield in last few years, as almost 50% of the share holding are in brothers and sisters.
Something brewing ...
Raise from 30cts (29 Sept) to 37.5cts (24 Oct) within less than a month !!
Raise from 30cts (29 Sept) to 37.5cts (24 Oct) within less than a month !!
Dividend trend:
2017: 4.53%
2016: 5.33%
2015: 5.33%
2014: 9.33%
2013: 6.67%
2012: 5.33%
2017: 4.53%
2016: 5.33%
2015: 5.33%
2014: 9.33%
2013: 6.67%
2012: 5.33%
Up 2 cents with high volume.
closed at 36.
showtime is coming ?? another BRC ??
closed at 36.
showtime is coming ?? another BRC ??
R they still giving good div..??