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I imagine with the strong market conditions there are people looking, The price disclosed for the irrevocables falling away is also helpful in setting a known price another bidder needs to hit to secure pole position for a deal. But whether they get over the line is difficult to say. Singapore not known for that many competitive auction processes. But certainly the current conditions are good for one.
Sgvale ( Date: 23-Jul-2025 09:41) Posted:
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Will we see counter offer coming in now?
stlimst ( Date: 15-Jul-2025 10:15) Posted:
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I have also exited from GVT. Now targeting AEM.
Bro Sgvale,
I have heed your advice to move on from GVT.
Was extremely disappointed with the low ball offer from Aalbert which the majority shareholders and senior management has accepted.
Agree with you. If not for the offer and also pursuing the Bursa secondary listing, the share price should be close to $1.10 by now.
Thankfully, I have divested from GVT and invested in the peer semiconductor companies (both Frencken and UMS).
Profitable now and plan to hold till 1H reporting.
Appreciate your advise.
I have heed your advice to move on from GVT.
Was extremely disappointed with the low ball offer from Aalbert which the majority shareholders and senior management has accepted.
Agree with you. If not for the offer and also pursuing the Bursa secondary listing, the share price should be close to $1.10 by now.
Thankfully, I have divested from GVT and invested in the peer semiconductor companies (both Frencken and UMS).
Profitable now and plan to hold till 1H reporting.
Appreciate your advise.
Sgvale ( Date: 21-Jul-2025 13:45) Posted:
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If no offer accepted at 0.94 having it range bound at 0.920 - 0.925. GVT should be trading at $1 - $1.10 by now.
I think the big shareholders who gave irrevocables may be regretting it now. But it is too late for them to change their mind - they must hope for a new bidder to come in at $1.034 or more.
U did right. There is only one great Dutch I know...but he is a footballer..Johan Cruyff
.
stlimst ( Date: 18-Jul-2025 15:24) Posted:
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Disappointed with management and major shareholders - very short-sighted.
Gave up and switched to its semiconductor.peers.
Free up capital and better return liao.
Gave up and switched to its semiconductor.peers.
Free up capital and better return liao.
stlimst ( Date: 17-Jul-2025 20:42) Posted:
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This one should at least close gap to 0.94. What's happen
Ya, i think management and majority shareholders made a grave mistake underpricing this gem.
Aalbert is laughing all the way to Holland.
Aalbert is laughing all the way to Holland.
Sgvale ( Date: 17-Jul-2025 19:43) Posted:
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AEM, UMS, and Frencken surged 10% to 26% in just one week.
GVT offer of 11% premium from last price of 0.83 before announcement also seems not attractive any more.
GVT offer of 11% premium from last price of 0.83 before announcement also seems not attractive any more.
Good advice....thanks Bro
But I will just hold :
Worst case, get back $0.94 from Aalbert.
Possible case, someone gungho enough to counter offer $1.034.
Best case, bidding war pushing price up to $1.20 (dreaming only)
But I will just hold :
Worst case, get back $0.94 from Aalbert.
Possible case, someone gungho enough to counter offer $1.034.
Best case, bidding war pushing price up to $1.20 (dreaming only)
Sgvale ( Date: 15-Jul-2025 08:29) Posted:
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If can't move . Just sell & move on.
stlimst ( Date: 14-Jul-2025 13:48) Posted:
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From Aalbert N.V. newsroom:
" The transaction is expected to be finalised by the end of 2025 and the results will be consolidated immediately thereafter. The acquisition will directly contribute to the earnings per share and will be financed from existing credit facilities."
And also the fact that all the peers (UMS, Frencken, AEM, Venture) all going up nicely.
Make GVT so cheap at $0.94.
This may not be over yet.
Holding on,
Make GVT so cheap at $0.94.
This may not be over yet.
Holding on,
Alignment ( Date: 14-Jul-2025 11:41) Posted:
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Reading the Aalbert description of the deal, it seems that the deal would be immediately accretive for them (" the acquisition will directly contribute to the earnings per share" ) so I imagine they would be willing to pay more if they had to in order to ensure the deal went through.
Frencken rises so much in past week. Missed
GV is due to release 1H2025 in mid-Aug. If the results are better than expected, with improved forward guidance in 2H2025, the share price will surge beyond $0.94, making the exit offer of $0.94 looking unfair and unreasonable.
Will GV still want to convene an EGM to vote on Aalbert' s exit offer, with a now diminished certainty of obtaining more than 75% approval, or will Aalbert counter-offer with a better price to ensure its chance of delisting GV?
In my personal opinion, I think GV main shareholders (64.24%) will rather accept the current cash offer and exit with zero risk (a case in point, a major shareholder, NT SPV 12 stands to make a net gain of $67M after a $0.33 per share entry point in a major share placement in 2021), rather than face the prospect of a cyclical upturn and downturn, with no clear exit path.
Will GV still want to convene an EGM to vote on Aalbert' s exit offer, with a now diminished certainty of obtaining more than 75% approval, or will Aalbert counter-offer with a better price to ensure its chance of delisting GV?
In my personal opinion, I think GV main shareholders (64.24%) will rather accept the current cash offer and exit with zero risk (a case in point, a major shareholder, NT SPV 12 stands to make a net gain of $67M after a $0.33 per share entry point in a major share placement in 2021), rather than face the prospect of a cyclical upturn and downturn, with no clear exit path.
Aalberts' privatisation offer for GVT is below target price but still likely to go through, says DBS
The 94 cents per share privatisation offer for Grand Venture Technology is below the $1.12 target price of DBS Group Research.
However, given that the key shareholders controlling nearly two-thirds of the shares have already agreed to sell, DBS believes that the offer, via a scheme of arrangement requiring 75% approval, will go through.
On July 10, GVT announced that Dutch semiconductor firm Aalberts Advanced Mechatronics has tabled a 94 cents per share offer, which is a 11.9% premium over GVT' s share price just prior to the holding announcement of a possible share sale on June 1.
The offeror is a unit of Aalberts NV, listed on Euronext Amsterdam with a market cap of EUR3.45 billion.
Acquiring GVT will give Aalberts a foothold in the semiconductor manufacturing space in southeast Asia.
Based on the earnings projected by DBS, the offer price represents a PE of 29.3x for FY2024, 25.7x for FY2025, and 17.2x for FY2026, which is broadly inline with the global peers.
DBS notes that executive deputy chairman Ricky Lee Tiam Nam and CEO Julian Ng Wai Yuen and so on have already agreed to sell.
The announcement on July 10 includes, however, includes a line that states this will be so unless there is a competing offer of at least $1.0341 per share and that Aalbert does not match, or betters its current offer.
" While the offer price represents a three-year high, it remains below our 12-month target price of $1.12 and the all-time high of approximately $1.45 reached in September 2021.
" However, with the support of 64.24% of shareholders, the likelihood of scheme approval is high, which could eventually result in the delisting of GVT," says DBS.
It should stabilise at $0.94, the price offerred by Aalbert to privatise GVT.
The US tariff situation is affecting everything and everyone - thanks to Trump.
But I think the world would not be held hostage by a single crazy nut.
I am not writing off the possibility of counter offer - if there' s compelling case for it.
The semiconductor sector is important to almost every country, especially SIngapore and Malaysia which have a considerable market.
Yes it is cyclical and it is also currently in the up cycle.
GVT' s peers like AEM, UMS and Frencken are all doing well recently. UMS' s secondary listing in Bursa has big positive impact on its share price.
GVT should have gone ahead to have their share listed in Bursa too.
The future is promising for GVT.
I am not impressed by the DBS analyst who touted $1.12 for GVT recently only to now claim that Aalbert' s offer of $0.94 is right just by looking at the finanical stats comparison quoted by Aalbert.
The analyst should believe and stand by his analysis and not change because of the offeror' s quote - how to have credibility?
Anyway, will wait for IFA' s report - which most likely to conclude ' fair and reasonable' offer.
Meantime, staying put and crossing fingers.
The US tariff situation is affecting everything and everyone - thanks to Trump.
But I think the world would not be held hostage by a single crazy nut.
I am not writing off the possibility of counter offer - if there' s compelling case for it.
The semiconductor sector is important to almost every country, especially SIngapore and Malaysia which have a considerable market.
Yes it is cyclical and it is also currently in the up cycle.
GVT' s peers like AEM, UMS and Frencken are all doing well recently. UMS' s secondary listing in Bursa has big positive impact on its share price.
GVT should have gone ahead to have their share listed in Bursa too.
The future is promising for GVT.
I am not impressed by the DBS analyst who touted $1.12 for GVT recently only to now claim that Aalbert' s offer of $0.94 is right just by looking at the finanical stats comparison quoted by Aalbert.
The analyst should believe and stand by his analysis and not change because of the offeror' s quote - how to have credibility?
Anyway, will wait for IFA' s report - which most likely to conclude ' fair and reasonable' offer.
Meantime, staying put and crossing fingers.
Professor001 ( Date: 12-Jul-2025 08:40) Posted:
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