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The rich and powerful always win as usual.
gopguppy ( Date: 15-Feb-2019 12:47) Posted:
M1 can go private without Axiata. Thats shows how shrewed KC/SPH are in its negotiation with SGX.
gopguppy ( Date: 15-Feb-2019 12:44) Posted:
Guys read the article below, and note the statements highlighted in red.....
M1 Deal Hangs in Balance as Keppel, Singapore Press Stand Ground
By
January 22, 2019, 12:55 PM GMT+8
A buyout offer for M1 Ltd. four months ago still doesn&rsquo t have the backing of a bulk of shareholders. And yet, Keppel Corp. and Singapore Press Holdings Ltd. have refused to budge on the initial offer price.
The second- and third-largest shareholders of M1, Singapore&rsquo s smallest mobile-services provider, said in an exchange filing on Tuesday that they won&rsquo t increase their S$2.06 ($1.51) per share take-private offer price &ldquo under any circumstances whatsoever.&rdquo Instead, they&rsquo ve extended the closing date for the offer by two weeks to Feb. 18, giving investors more time to consider tendering their shares.
As of Monday, Keppel, whose businesses include property, infrastructure and oil-rig construction, and newspaper publisher SPH had a joint 34.35 percent stake in M1. Both companies don&rsquo t even need top shareholder Axiata Group Bhd to tender its 28.67 percent stake in M1 for the deal to go through. Through their joint firm Konnectivity Pte. Ltd., Keppel and SPH have obtained a waiver from the Singapore Exchange that allows them to take M1 private without Axiata, according to a Jan. 7 statement. That&rsquo s on the condition that the shareholding of the public float exceeds 90 percent.
The waiver was obtained to ensure shareholders are &ldquo provided with an opportunity to exit&rdquo and wouldn&rsquo t have to hold their shares for an indefinite period should less than 75 percent of investors agree to the deal, the statement said.
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M1 can go private without Axiata. Thats shows how shrewed KC/SPH are in its negotiation with SGX.
gopguppy ( Date: 15-Feb-2019 12:44) Posted:
Guys read the article below, and note the statements highlighted in red.....
M1 Deal Hangs in Balance as Keppel, Singapore Press Stand Ground
By
January 22, 2019, 12:55 PM GMT+8
A buyout offer for M1 Ltd. four months ago still doesn&rsquo t have the backing of a bulk of shareholders. And yet, Keppel Corp. and Singapore Press Holdings Ltd. have refused to budge on the initial offer price.
The second- and third-largest shareholders of M1, Singapore&rsquo s smallest mobile-services provider, said in an exchange filing on Tuesday that they won&rsquo t increase their S$2.06 ($1.51) per share take-private offer price &ldquo under any circumstances whatsoever.&rdquo Instead, they&rsquo ve extended the closing date for the offer by two weeks to Feb. 18, giving investors more time to consider tendering their shares.
As of Monday, Keppel, whose businesses include property, infrastructure and oil-rig construction, and newspaper publisher SPH had a joint 34.35 percent stake in M1. Both companies don&rsquo t even need top shareholder Axiata Group Bhd to tender its 28.67 percent stake in M1 for the deal to go through. Through their joint firm Konnectivity Pte. Ltd., Keppel and SPH have obtained a waiver from the Singapore Exchange that allows them to take M1 private without Axiata, according to a Jan. 7 statement. That&rsquo s on the condition that the shareholding of the public float exceeds 90 percent.
The waiver was obtained to ensure shareholders are &ldquo provided with an opportunity to exit&rdquo and wouldn&rsquo t have to hold their shares for an indefinite period should less than 75 percent of investors agree to the deal, the statement said.
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Guys read the article below, and note the statements highlighted in red.....
M1 Deal Hangs in Balance as Keppel, Singapore Press Stand Ground
By
January 22, 2019, 12:55 PM GMT+8
A buyout offer for M1 Ltd. four months ago still doesn&rsquo t have the backing of a bulk of shareholders. And yet, Keppel Corp. and Singapore Press Holdings Ltd. have refused to budge on the initial offer price.
The second- and third-largest shareholders of M1, Singapore&rsquo s smallest mobile-services provider, said in an exchange filing on Tuesday that they won&rsquo t increase their S$2.06 ($1.51) per share take-private offer price &ldquo under any circumstances whatsoever.&rdquo Instead, they&rsquo ve extended the closing date for the offer by two weeks to Feb. 18, giving investors more time to consider tendering their shares.
As of Monday, Keppel, whose businesses include property, infrastructure and oil-rig construction, and newspaper publisher SPH had a joint 34.35 percent stake in M1.
Both companies don&rsquo t even need top shareholder Axiata Group Bhd to tender its 28.67 percent stake in M1 for the deal to go through. Through their joint firm Konnectivity Pte. Ltd., Keppel and SPH have obtained a waiver from the Singapore Exchange that allows them to take M1 private without Axiata, according to a Jan. 7 statement. That&rsquo s on the condition that the shareholding of the public float exceeds 90 percent.
The waiver was obtained to ensure shareholders are &ldquo provided with an opportunity to exit&rdquo and wouldn&rsquo t have to hold their shares for an indefinite period should less than 75 percent of investors agree to the deal, the statement said.
Who knows maybe it is not AXIATA but some other players who were keen to have a share of this big pie. (but so far no news)
Axiata now in deeeeeeep shit so very likely they will surrender
KAMAL0883 ( Date: 15-Feb-2019 11:49) Posted:
if Axiata never tender their 28% how could KC/SPH reach the 90% berrier ?
gopguppy ( Date: 15-Feb-2019 11:45) Posted:
| KC/SPH' s agreement with SGX is they can privatise M1 without Axiata tendering their shares...meaning as long as 90% of free float shares are tendered, M1 can be privatised. Axiata can be a bystander with no involvement at all |
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if Axiata never tender their 28% how could KC/SPH reach the 90% berrier ?
gopguppy ( Date: 15-Feb-2019 11:45) Posted:
KC/SPH' s agreement with SGX is they can privatise M1 without Axiata tendering their shares...meaning as long as 90% of free float shares are tendered, M1 can be privatised. Axiata can be a bystander with no involvement at all.
KAMAL0883 ( Date: 15-Feb-2019 11:38) Posted:
100% depend on Axiata
if Axiata surrender the remaining small flies cant do anything at all
up to today Axiate still never approach any bank for advise so very likely they want to take the huge profit
if small flies still want to challange the 2 big crocodile /shark then better mentally prepare for M1 price drop below 1.80
by then the 2 big crocodile / shark very happy to collect super cheap price from open market |
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KC/SPH' s agreement with SGX is they can privatise M1 without Axiata tendering their shares...meaning as long as 90% of free float shares are tendered, M1 can be privatised. Axiata can be a bystander with no involvement at all.
KAMAL0883 ( Date: 15-Feb-2019 11:38) Posted:
100% depend on Axiata
if Axiata surrender the remaining small flies cant do anything at all
up to today Axiate still never approach any bank for advise so very likely they want to take the huge profit
if small flies still want to challange the 2 big crocodile /shark then better mentally prepare for M1 price drop below 1.80
by then the 2 big crocodile / shark very happy to collect super cheap price from open market
genting^2 ( Date: 15-Feb-2019 11:17) Posted:
| Do you think it will fail |
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100% depend on Axiata
if Axiata surrender the remaining small flies cant do anything at all
up to today Axiate still never approach any bank for advise so very likely they want to take the huge profit
if small flies still want to challange the 2 big crocodile /shark then better mentally prepare for M1 price drop below 1.80
by then the 2 big crocodile / shark very happy to collect super cheap price from open market
genting^2 ( Date: 15-Feb-2019 11:17) Posted:
Do you think it will fail?
KAMAL0883 ( Date: 15-Feb-2019 10:57) Posted:
| if GO failed M1 price will shoot down below 1.80 |
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Do you think it will fail?
KAMAL0883 ( Date: 15-Feb-2019 10:57) Posted:
| if GO failed M1 price will shoot down below 1.80 |
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if GO failed M1 price will shoot down below 1.80
Reminiscent of Asian Pay TV Trust.
gopguppy ( Date: 14-Feb-2019 18:41) Posted:
| Starhub just announced results. Div for FY2019 will be 9cts vs 16 cts (almost half !!). I am sure KC/SPH will use this as a benchmark to reduce M1 div to about 5-6 cts from FY19 onwards. |
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Starhub just announced results. Div for FY2019 will be 9cts vs 16 cts (almost half !!). I am sure KC/SPH will use this as a benchmark to reduce M1 div to about 5-6 cts from FY19 onwards.
KC/SPH are the only buyers in the market now so sell in market will also help them to hit 50% level
they are still the winner cos the bid side is only 2.04 . they might also suddenly change their mind by increasing few pits above the
GO price for those who have accepted the GO like what previously Olam did.
Bros and Sis here who still undecided give in to them lah , with your little money can never win these big crocodies/shares
Tipster88 ( Date: 14-Feb-2019 13:23) Posted:
| Sell in market... VGO likely fail... the buy back when price nose dive... |
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anything is possible, KC/SPH will be happy to collect from open market at 40% discount why not right ?
Axiata will be the big losser unless they also intend to takeover M1 in future
Qanghoo ( Date: 14-Feb-2019 13:31) Posted:
| Will it fall to < 1.50 again if VGO fails? Like I said, telco env in Sg is challenging. Don' t believe? Take a look at Stel result. Still do' t believe then good luck. |
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at that time market price trade around 2.10 to 2.12 so who would want to accept the GO price 2.06.
for the past 3 weeks mkt price trading between 2.04 to 2.06 so i believe many holders will surrender at GO
i still believe Axiata will surrender for huge profit
genting^2 ( Date: 14-Feb-2019 12:22) Posted:
| Judging from the last SGX record it acuired only 1%, total 33% + 1%. 18 FEB is next monday, would it be a risk to tender to CDP and what if the deal didn' t go thru and no extension is given. THe shares will drop like a rock. Yo won' t get your $2.06 either. |
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Will it fall to < 1.50 again if VGO fails? Like I said, telco env in Sg is challenging. Don' t believe? Take a look at Stel result. Still do' t believe then good luck.
Sell in market... VGO likely fail... the buy back when price nose dive...
Judging from the last SGX record it acuired only 1%, total 33% + 1%. 18 FEB is next monday, would it be a risk to tender to CDP and what if the deal didn' t go thru and no extension is given. THe shares will drop like a rock. Yo won' t get your $2.06 either.
if very close to 50% i believe they will extend the dateline again
if by 18 Feb still less than 40% and Axiate confirmed rejected then the GO will lapes
M1 market will shoot down then Kep/SPH sure happy to collect from open market
genting^2 ( Date: 14-Feb-2019 12:07) Posted:
| What if the deal didnt go through, will they extend the dateline again or call it off? |
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What if the deal didnt go through, will they extend the dateline again or call it off?
