Aztech   

Aztech minority shareholders

I like yr way of thinking. What you say is true also. 

HazardKoh      ( Date: 08-Jan-2017 15:44) Posted: Aztech has NTA of around $1. Many of u reluctant to accept the offer becos the offer price is much lesser than NTA.  But if u reject the offer, share price may tank to around 30+ cents. If u accept the takeover at 40+ cents, and use ur $$$ to switch  to another company which has NTA of > $1 and whose share price is  of around 40+ cents, then u can look forward to the other company share price going up towards $1. This is better than trying to vote down the offer and see the share price drop to 30+ cents.   My own view: Currently I vested in Lian Beng whose NTA is $1.20 and share price 46 cents. So Lian Beng is similar to Aztech in the NTA and share price. Lian Beng will have 2 industrial building going to TOP this year and they are going to sell off their Prudential Tower and getting back quite a substantial amount of $$$. So if i ask myself which one has the potential to go back up to $1, Aztech or Lian Beng. I think will be lian beng. So u can accept the offer and use the money to invest in other undervalued counters in SGX, there are many!!!

 

Aztech has NTA of around $1. Many of u reluctant to accept the offer becos the offer price is much lesser than NTA.  But if u reject the offer, share price may tank to around 30+ cents. If u accept the takeover at 40+ cents, and use ur $$$ to switch  to another company which has NTA of > $1 and whose share price is  of around 40+ cents, then u can look forward to the other company share price going up towards $1. This is better than trying to vote down the offer and see the share price drop to 30+ cents.

 

My own view:

Currently I vested in Lian Beng whose NTA is $1.20 and share price 46 cents. So Lian Beng is similar to Aztech in the NTA and share price. Lian Beng will have 2 industrial building going to TOP this year and they are going to sell off their Prudential Tower and getting back quite a substantial amount of $$$. So if i ask myself which one has the potential to go back up to $1, Aztech or Lian Beng. I think will be lian beng. So u can accept the offer and use the money to invest in other undervalued counters in SGX, there are many!!!

 

I think in this case is not good to reject the offer becos share price will drop and the management  may want the share price to  drop becos they may want to teach u the small shareholders a " lesson" and then make sure they scare the hell out of small shareholder by letting the share price drop everyday. As someone posted, the management did warn that if the offer is rejected, the share price will drop. Then frightened small shareholders will most likely to vote for the offer if they put the takeover the 2nd time but not after a long wait becos SGX dun allow a company to offer takeover immediately after rejection i think.

In cases where there are MANY parties eyeing  a company, then is good to reject the offer and wait for 3rd party to counter offer with a higher price. I think there were past cases when shareholders rejected the offer and 3rd party raises the offer price. F& N is an example. Refer to below.

http://www.reuters.com/article/us-fraserandneave-takeover-idUSBRE90K02220130122

Are there 3rd parties eyeing Aztech?

But if there are NO other parties eyeing Aztech and the management has strong control over the company, then rejecting the offer is risky. The share volume will diminish and share price slowly dropping everyday. Of course u may hope the management come up with a better offer, but do u trust the management to do that? or u think the management will let the share price drop in order to scare u into selling to them later?

 

lmc001      ( Date: 08-Jan-2017 15:10) Posted: I do agree that this is not a easy battle. However, it is too early to give up at this stage, we will know this by 23rd Jan 2017. There is no guarantee that Mr. Mun will be able to garner more than 50% threshold. In which case, what do we do next? So, I am of the opinion that we need to convey minority shareholder' s voice and express our displeasure. He owe us a sincere and valid reason for his action.......  KopRed75      ( Date: 08-Jan-2017 13:20) Posted: It is indeed difficult to fight. I attended an EGM for Declout last month re the equal access offer. Regardless of how vocal the minority shareholders are against the subject matter, the resolution was easily passed.

 

I do agree that this is not a easy battle. However, it is too early to give up at this stage, we will know this by 23rd Jan 2017. There is no guarantee that Mr. Mun will be able to garner more than 50% threshold. In which case, what do we do next? So, I am of the opinion that we need to convey minority shareholder' s voice and express our displeasure. He owe us a sincere and valid reason for his action....... 

KopRed75      ( Date: 08-Jan-2017 13:20) Posted: It is indeed difficult to fight. I attended an EGM for Declout last month re the equal access offer. Regardless of how vocal the minority shareholders are against the subject matter, the resolution was easily passed. HazardKoh      ( Date: 08-Jan-2017 13:16) Posted: No point fighting against them. U just a small shareholders. Even if u want gather all the small shareholders, u still an egg fighting again brick wall. Most likely u going to lose. If u manage to reject the offer, they just dun do anything next and u will see the trading volume coming to almost zero everyday and share price slowly dropping everyday until the 30 cents range. In the end, only u lose. Why not just accept the offer and move on and channel ur $$$ to other better counters with more potential for share price appreciation? There are still plenty of undervalued counters at the moment.

 

It is indeed difficult to fight. I attended an EGM for Declout last month re the equal access offer. Regardless of how vocal the minority shareholders are against the subject matter, the resolution was easily passed.

HazardKoh      ( Date: 08-Jan-2017 13:16) Posted: No point fighting against them. U just a small shareholders. Even if u want gather all the small shareholders, u still an egg fighting again brick wall. Most likely u going to lose. If u manage to reject the offer, they just dun do anything next and u will see the trading volume coming to almost zero everyday and share price slowly dropping everyday until the 30 cents range. In the end, only u lose. Why not just accept the offer and move on and channel ur $$$ to other better counters with more potential for share price appreciation? There are still plenty of undervalued counters at the moment. redsuns      ( Date: 08-Jan-2017 09:03) Posted: Dont accept. fight till the end!

 

No point fighting against them. U just a small shareholders. Even if u want gather all the small shareholders, u still an egg fighting again brick wall. Most likely u going to lose. If u manage to reject the offer, they just dun do anything next and u will see the trading volume coming to almost zero everyday and share price slowly dropping everyday until the 30 cents range. In the end, only u lose.

Why not just accept the offer and move on and channel ur $$$ to other better counters with more potential for share price appreciation? There are still plenty of undervalued counters at the moment.

redsuns      ( Date: 08-Jan-2017 09:03) Posted: Dont accept. fight till the end!

 

Let say u bought counter A at $1. Some other companies like M1 was $4 then.

Now if u  accept the take over offer for counter A at 40+ cents, u lose around half ur capital. But if u dun accept, u know share price going to drop and u dun like the way the management of company A is handing the company.

So since u dun like the  management, why not just cut loss and accept the take over offer and channel ur $$$ to  other more  trustable companies whose share price  is now at near historical/52 weeks low. For example M1 which is trading at less than $2. (example only)

Would u expect counter A to recover to $1 or u expect M1 to recover to $4  when boom time is back? M1 is just an example, there are sure to be many better counters than counter A.

Why die die want to stick with counter A and faced the share price dropping if u reject the offer?

Just my opinion... u reject the offer and face the risk of  share price dropping  but u feel that the management going to perform miracle and transform the company and make the share price rise or u expect the management to be replaced by a better team..

 

ysh2006      ( Date: 08-Jan-2017 12:27) Posted: If don't accept share price drop as what Mr Mun said...any supporters to hold it..? redsuns      ( Date: 08-Jan-2017 09:03) Posted: Dont accept. fight till the end!

 

If don't accept share price drop as what Mr Mun said...any supporters to hold it..?

redsuns      ( Date: 08-Jan-2017 09:03) Posted: Dont accept. fight till the end!

 

*Pui* not going to accept his low ball offer...

 

Dont accept. fight till the end! 

 

Exit offer 42c. Nta 95c. This is how the rich get richer. Lol.

lmc001      ( Date: 08-Jan-2017 08:37) Posted: I urge all minority shareholders NOT to support the exit offer. As one of the shareholders highlighted during the EGM, the NTA is 0.952,   there is upcoming reclaimation works at pulau Ubin and LTA upgrading works on street lamp to LED, etc. These are the potential and the company should be able to turn around when the global economy improves. Mr. Mun is not ethical in pursueing this buy out where there are other ways to pop up the share price. I hope that this delisting effort fail and once the dust settle, the minority shareholder should propose a shareholder resolution to align Mr. Mun' s annual remuneration package with his performance (he has been enjoying too much with his fat pay for too long). He needs to start working hard to restore company profitability.  I am trying to gather at least 100 minority shareholders for such an possible action. If you are interested, please email to [email protected].    Recent ST articles:

 

I urge all minority shareholders NOT to support the exit offer. As one of the shareholders highlighted during the EGM, the NTA is 0.952,   there is upcoming reclaimation works at pulau Ubin and LTA upgrading works on street lamp to LED, etc. These are the potential and the company should be able to turn around when the global economy improves. Mr. Mun is not ethical in pursueing this buy out where there are other ways to pop up the share price. I hope that this delisting effort fail and once the dust settle, the minority shareholder should propose a shareholder resolution to align Mr. Mun' s annual remuneration package with his performance (he has been enjoying too much with his fat pay for too long). He needs to start working hard to restore company profitability. 

I am trying to gather at least 100 minority shareholders for such an possible action. If you are interested, please email to [email protected]. 

 

Recent ST articles: