SMRT   

SMRT

I think it would be an embarrassment to fail due to cheap offer prices and consumers take the hit from delayed system improvements. I would not know where to hide my face if I was the top brass.

halleluyah      ( Date: 22-Sep-2016 12:04) Posted: Lidat wait fr it to fail then we collect cheap cheap again...

 

Lidat wait fr it to fail then we collect cheap cheap again...

 

Frankly I empathise. We bought below $1.68 and have reaped generous dividends over the years. That said I think $1.68 is not particularly fair given that the company is not sharing any of the receipts from sale of assets. The premium pales when compared to other offers this year. It's like getting the rest of the company for free, in my personal view. So not interested.

sun233      ( Date: 22-Sep-2016 08:38) Posted: Something interesting to note. My neighbour has shares in SMRT. He received a call from his broker yesterday asking him not to accept offer. Reason there are many who bought at 1.88 and higer who are upset at this lousy offer. Very interesting. How can a broker advise not to sell. If price drops after takeover fails, is the broker going to subsidise his loss!! Fantastic. I told him to complain to relevant authoritiies.

 

I don't think this is legally possible to fake the vote. They would also be subject to audit. I have clarified that even if you mail in your vote, it would count towards the 50% present voting in favour/against.

investshare      ( Date: 21-Sep-2016 16:35) Posted: Why not send someone as proxy to attend? Later if mail missing you also don't know. Goldfinger      ( Date: 21-Sep-2016 16:15) Posted: We can't attend but will be submitting our proxy form for the Chairman to vote against the Scheme. Let the price fall to $1 and I will collect from there. Final.

 

Ya, the reason is not valid at all. The broker should act in the interest of each individual client and not the other.

sun233      ( Date: 22-Sep-2016 08:38) Posted: Something interesting to note. My neighbour has shares in SMRT. He received a call from his broker yesterday asking him not to accept offer. Reason there are many who bought at 1.88 and higer who are upset at this lousy offer. Very interesting. How can a broker advise not to sell. If price drops after takeover fails, is the broker going to subsidise his loss!! Fantastic. I told him to complain to relevant authoritiies.

 

Something interesting to note. My neighbour has shares in SMRT. He received a call from his broker yesterday asking him not to accept offer. Reason there are many who bought at 1.88 and higer who are upset at this lousy offer. Very interesting. How can a broker advise not to sell. If price drops after takeover fails, is the broker going to subsidise his loss!! Fantastic. I told him to complain to relevant authoritiies.

 

Why not send someone as proxy to attend? Later if mail missing you also don't know.

Goldfinger      ( Date: 21-Sep-2016 16:15) Posted: We can't attend but will be submitting our proxy form for the Chairman to vote against the Scheme. Let the price fall to $1 and I will collect from there. Final.

 

We can't attend but will be submitting our proxy form for the Chairman to vote against the Scheme. Let the price fall to $1 and I will collect from there. Final.

 

Useful advice, brother.  I' ll take note. 

sun233      ( Date: 21-Sep-2016 07:13) Posted: Brother,   $1.70 long short leh. silence was the reason i cashed out but i think 1.67-1.675 a probability since my lots were bought by citigroup. One transaction! Qanghoo      ( Date: 20-Sep-2016 22:01) Posted: Originally, my intention was to stick it out.  But the silence even at this late stage leaves me thinking again.  Some who are reported to be voicing concern also seem to be echoing the sound of silence.  So, I thought if I cld cash out at ard 1.70, might as well board another bus for a more enjoyable ride, probably.

 

Great to see a betting man :)

MichaelSchenker      ( Date: 20-Sep-2016 20:47) Posted: Okay, I' m not shy to say I bought in at 1.655, not much, just 20 lots. Do you think I' m crazy if I' m gonna vote " NO" coming Sept 29? If I' m just going after the $500 profit, I might as well try some other counters. I don' t mind continue collecting dividend if SMRT fail in it' s bid to privatise. The suspense is already worth the wager.. Lets see......

 

Brother,   $1.70 long short leh. silence was the reason i cashed out but i think 1.67-1.675 a probability since my lots were bought by citigroup. One transaction!

Qanghoo      ( Date: 20-Sep-2016 22:01) Posted: Originally, my intention was to stick it out.  But the silence even at this late stage leaves me thinking again.  Some who are reported to be voicing concern also seem to be echoing the sound of silence.  So, I thought if I cld cash out at ard 1.70, might as well board another bus for a more enjoyable ride, probably.  Goldfinger      ( Date: 20-Sep-2016 19:25) Posted: If they fail due to the unattractive price and failure to pay dividends, it would be quite an embarrassment as the market would have spoken, no? This may also jeopardise plans to improve the rail system due to a different profit mandate

 

Originally, my intention was to stick it out.  But the silence even at this late stage leaves me thinking again.  Some who are reported to be voicing concern also seem to be echoing the sound of silence.  So, I thought if I cld cash out at ard 1.70, might as well board another bus for a more enjoyable ride, probably. 

Goldfinger      ( Date: 20-Sep-2016 19:25) Posted: If they fail due to the unattractive price and failure to pay dividends, it would be quite an embarrassment as the market would have spoken, no? This may also jeopardise plans to improve the rail system due to a different profit mandate. buysellbuysell      ( Date: 19-Sep-2016 17:49) Posted: Too many shares changing hands. I think smrt may not be privatize liao. probably TH need to buy from open market after the meeting and smrt will probably drop to ~$1.55 if all above happens probably. DYODD. play safely, wear protection. lol.

 

Okay, I' m not shy to say I bought in at 1.655, not much, just 20 lots.

Do you think I' m crazy if I' m gonna vote " NO" coming Sept 29?

If I' m just going after the $500 profit, I might as well try some other counters.

I don' t mind continue collecting dividend if SMRT fail in it' s bid to privatise.

The suspense is already worth the wager..

Lets see......

 

If they fail due to the unattractive price and failure to pay dividends, it would be quite an embarrassment as the market would have spoken, no? This may also jeopardise plans to improve the rail system due to a different profit mandate.

buysellbuysell      ( Date: 19-Sep-2016 17:49) Posted: Too many shares changing hands. I think smrt may not be privatize liao. probably TH need to buy from open market after the meeting and smrt will probably drop to ~$1.55 if all above happens probably. DYODD. play safely, wear protection. lol.

 

if not take over..

i think price should trend up higher...

tem so good do ns??? bs...they buy chip chip

Qanghoo      ( Date: 20-Sep-2016 17:22) Posted: Share ur line of thinking, brother.  But I' m squatting a few more days more, hoping  of 1.68 by early next wk.  Then I' ll re-deploy capital  into other opportunities.  sun233      ( Date: 20-Sep-2016 15:10) Posted: Gave up waiting. Freed up my cash. Decide not to wait for sale since i bought at a low price. Sold at 1.655 yesterday. Buyer was Citigroup. One buyer so i suspect something going on......... Anyway money in pocket better than waiting to see if it will be privatise.

 

Share ur line of thinking, brother.  But I' m squatting a few more days more, hoping  of 1.68 by early next wk.  Then I' ll re-deploy capital  into other opportunities. 

sun233      ( Date: 20-Sep-2016 15:10) Posted: Gave up waiting. Freed up my cash. Decide not to wait for sale since i bought at a low price. Sold at 1.655 yesterday. Buyer was Citigroup. One buyer so i suspect something going on......... Anyway money in pocket better than waiting to see if it will be privatise.   buysellbuysell      ( Date: 19-Sep-2016 17:49) Posted: Too many shares changing hands. I think smrt may not be privatize liao. probably TH need to buy from open market after the meeting and smrt will probably drop to ~$1.55 if all above happens probably. DYODD. play safely, wear protection. lol.

 

Gave up waiting. Freed up my cash. Decide not to wait for sale since i bought at a low price. Sold at 1.655 yesterday. Buyer was Citigroup. One buyer so i suspect something going on......... Anyway money in pocket better than waiting to see if it will be privatise.  

buysellbuysell      ( Date: 19-Sep-2016 17:49) Posted: Too many shares changing hands. I think smrt may not be privatize liao. probably TH need to buy from open market after the meeting and smrt will probably drop to ~$1.55 if all above happens probably. DYODD. play safely, wear protection. lol.

 

Too many shares changing hands. I think smrt may not be privatize liao.

probably TH need to buy from open market after the meeting and smrt will probably drop to ~$1.55 if all above happens probably.

DYODD. play safely, wear protection. lol.

 

hope so.

 

Fund hse will help TH makan up till 1.68....