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But OCBC up powerfully, yet GE drop powerfully too.
To gage whether deal is on or not.....perhaps need to see the trading of OCBC and GE for hints, esp OCBC. Very unlikely to get anywhere by looking at the trading here at UE.....as the BB are on silence mode therefore no final rush or to pump for this, more likely to see a low volume and listless trading with prices in a ding-dong pattern. In order to make the offer price looks like with a 15-30% premium.
Only to bet on the final deal can be done or not. Not likely to see anyone to do a final rush in share price or volume before 30 June. It's a 60-40 chance for that to happen. So dyodd!
AndyLoss ( Date: 28-Jun-2017 11:31) Posted:
time to load back is it :)
lglg666 ( Date: 28-Jun-2017 10:12) Posted:
| After hitting a high of $2.86......this UEL has again punchet down to present level of $2.74/5, gotto salute this BB ( Perrenial and consortium) of not letting the cats or rats out of their bags. Now already 28 June......just another 2 days to go to submit their final binding offer and things here are as quiet as church mouse. Just not much activity ( volume traded ) noted since last Friday.....when there was a huge sell-down for GLP. |
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time to load back is it :)
lglg666 ( Date: 28-Jun-2017 10:12) Posted:
After hitting a high of $2.86......this UEL has again punchet down to present level of $2.74/5, gotto salute this BB ( Perrenial and consortium) of not letting the cats or rats out of their bags. Now already 28 June......just another 2 days to go to submit their final binding offer and things here are as quiet as church mouse. Just not much activity ( volume traded ) noted since last Friday.....when there was a huge sell-down for GLP.
lglg666 ( Date: 22-Jun-2017 13:18) Posted:
| Getting nearer to the end for Perrennial to submit their binding offer |
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After hitting a high of $2.86......this UEL has again punchet down to present level of $2.74/5, gotto salute this BB ( Perrenial and consortium) of not letting the cats or rats out of their bags. Now already 28 June......just another 2 days to go to submit their final binding offer and things here are as quiet as church mouse. Just not much activity ( volume traded ) noted since last Friday.....when there was a huge sell-down for GLP.
lglg666 ( Date: 22-Jun-2017 13:18) Posted:
Getting nearer to the end for Perrennial to submit their binding offer.
lglg666 ( Date: 19-Jun-2017 10:12) Posted:
| Funny trading pattern this morning with bigger volume and price opening at $2.79 then was dumped down to $2.73 but now has recovered back. The volume done normally takes at least a few hours but this morning only took a hour to achieve. DDYOD |
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Wonder if UEL and WBL deal will materialise soon. GLP expecting bids to be submitted soon.
lglg666 ( Date: 22-Jun-2017 15:24) Posted:
| A big wall at $2.80 blocking this UE run.....hope to see the share price of $2.80 can be sustainable by the close. For GLP.....a bigger wall blocking at $3 level. Good luck to those who are vested. Myself included 😊 |
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A big wall at $2.80 blocking this UE run.....hope to see the share price of $2.80 can be sustainable by the close. For GLP.....a bigger wall blocking at $3 level. Good luck to those who are vested. Myself included 😊
Can see this will help push up OCBC share price. So they better be super serious about the whole thing and don't let this offer screw-up again.
kirana ( Date: 22-Jun-2017 12:44) Posted:
| Hi Andy! How does the St Times article affect you? To me, this is a serious decision to restructure Ocbc/GE portfolio. They are seriously serious about it. Though it may not happen again, it will happen again. |
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Yes we just need to be positive. Andy seems not confident
kirana ( Date: 22-Jun-2017 12:44) Posted:
| Hi Andy! How does the St Times article affect you? To me, this is a serious decision to restructure Ocbc/GE portfolio. They are seriously serious about it. Though it may not happen again, it will happen again. |
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Getting nearer to the end for Perrennial to submit their binding offer.
lglg666 ( Date: 19-Jun-2017 10:12) Posted:
| Funny trading pattern this morning with bigger volume and price opening at $2.79 then was dumped down to $2.73 but now has recovered back. The volume done normally takes at least a few hours but this morning only took a hour to achieve. DDYOD |
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Hi Andy! How does the St Times article affect you? To me, this is a serious decision to restructure Ocbc/GE portfolio. They are seriously serious about it. Though it may not happen again, it will happen again.
yes...becoz of the strait times article...:)
anyways 2.80 now..hoping there is some action...
MrSingaporean ( Date: 22-Jun-2017 07:50) Posted:
U dont sound very positive about UEL. I have noticed in your comments
AndyLoss ( Date: 21-Jun-2017 18:08) Posted:
| should not we jump to GLP instead ? right now one leg in GLP and one in UE.. |
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U dont sound very positive about UEL. I have noticed in your comments
AndyLoss ( Date: 21-Jun-2017 18:08) Posted:
should not we jump to GLP instead ? right now one leg in GLP and one in UE...
MtFaber ( Date: 21-Jun-2017 17:46) Posted:
| GE Life is holding the bulk of UEL shares. Possible GE Life may keep the proceeds if they mananged to sell UEL? |
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should not we jump to GLP instead ? right now one leg in GLP and one in UE...
MtFaber ( Date: 21-Jun-2017 17:46) Posted:
| GE Life is holding the bulk of UEL shares. Possible GE Life may keep the proceeds if they mananged to sell UEL? |
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GE Life is holding the bulk of UEL shares. Possible GE Life may keep the proceeds if they mananged to sell UEL?
from the straits times article, UEL bought WBL at $1.28B four years ago. However, UEL has also sold off WBL' s Automotive and Mflex business over the years. I notice from UEL annual report, special, preference, annual dividends were distributed for financial year 2014, 2015, 2016. I suspect these dividends were given by UEL from the sales of the WBL buisnesses. So, is WBL still worth $1.28B today ? I am vested.
Why is it complicated? Money for OCBC share goes to OCBC. Money for UE share goes to UE.
MrSingaporean ( Date: 21-Jun-2017 17:04) Posted:
I dont think its that striaght forward lol. Uel shares are not wbl shares. Uel holds 67.5% of WBL. Ocbc etc owns 31.5% of WBL. I wonder how will they calculate a fair and good share price. 1 share price for 2 companies? If based on UEL 615 MIL shares Then it will be HIGH like what you said 3 bil will be $4.87. But usually offer higher. So 5.00 per share if bidding war? How are they gonna pay out to us shareholders of uel when shareholding of wbl is complicated. Lol
MekMiRic ( Date: 21-Jun-2017 01:44) Posted:
I am only doing a straight calculation.
uel has 615,796,000 issued and paid shares.
for $3B, each share is worth $4.87. |
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I dont think its that striaght forward lol. Uel shares are not wbl shares. Uel holds 67.5% of WBL. Ocbc etc owns 31.5% of WBL. I wonder how will they calculate a fair and good share price. 1 share price for 2 companies? If based on UEL 615 MIL shares Then it will be HIGH like what you said 3 bil will be $4.87. But usually offer higher. So 5.00 per share if bidding war? How are they gonna pay out to us shareholders of uel when shareholding of wbl is complicated. Lol
MekMiRic ( Date: 21-Jun-2017 01:44) Posted:
I am only doing a straight calculation.
uel has 615,796,000 issued and paid shares.
for $3B, each share is worth $4.87. |
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If that happens, I would say a big thank you!
I am only doing a straight calculation.
uel has 615,796,000 issued and paid shares.
for $3B, each share is worth $4.87.
