Sunningdale Tech   

sunningdale

Big hands buying at 1.51 1.5mil shares

 

They can always adjust the premium base on how many days or last traded blah ah.. But they didn't use last traded price coz 10% lower lol.. So they only write up all favorable info

not_98percent      ( Date: 10-Nov-2020 18:22) Posted: .......... prior to the offer-announcement and when prices were treading-up, there were clear " hidden hands/forces" selling big with intent of NOT letting mkt price cross $1.71. And the offer-document now trace-back (highest) market prices for only THREE (3) months instead of usual 24 or 36 months, which is typical comparison in privatisation exercise ...... why only use 3 months esp during height of pandemic when prices were low.   AttasBoss      ( Date: 10-Nov-2020 11:34) Posted: Not sure, maybe they think will revise offer price, or else won't buy at 1.51. DYOD

 

.......... prior to the offer-announcement and when prices were treading-up, there were clear " hidden hands/forces" selling big with intent of NOT letting mkt price cross $1.71.

And the offer-document now trace-back (highest) market prices for only THREE (3) months instead of usual 24 or 36 months, which is typical comparison in privatisation exercise ...... why only use 3 months esp during height of pandemic when prices were low.

 

AttasBoss      ( Date: 10-Nov-2020 11:34) Posted: Not sure, maybe they think will revise offer price, or else won't buy at 1.51. DYODD MsChew      ( Date: 10-Nov-2020 10:23) Posted: Why? What does it mean? Will the offer price of 1.55 change?

 

LIST OF DIRECTORSHIPS OF MR KOH BOON HWEE AS AT 29 MARCH 2018
Companies
Position
Date Appointed
PUBLIC COMPANIES
Far East Orchard Limited
Chairman/ Director 01 January 2013 Sunningdale Tech Ltd
Chairman/ Director 22 April 2003 Yeo Hiap Seng Limited Director Chairman 01 January 2009 26 April 2010
Overseas
AAC Technologies Holdings Inc
Chairman/ Director 09 November 2004 Agilent Technologies, Inc
Director Chairman 21 May 2003 15 March 2017 PRIVATE COMPANIES
CM Houlder (SEA) Pte Ltd
Director Chairman 28 February 2013 16 May 2013
Credence Partners Pte Ltd
Chairman/ Executive Director 29 December 2011 FEO Hospitality Asset Management Pte Ltd
Chairman/ Director 28 January 2011 FEO Hospitality Trust Management Pte Ltd
Chairman/ Director 30 April 2012 Rippledot Capital Advisers Pte Ltd
Chairman/ Director 22 February 2011 Rippledot Capital Management Pte Ltd
Director 22 February 2011 The Genomic Trust Pte Ltd
Director 26 June 2013 Bank Pictet & Cie (Asia) Ltd
Director 26 September 2014 GIC Private Limited
Member (Investment Board) 15 January 2016 Innovalues Holdings Pte Ltd
Director 27 April 2017 GIC Private Limited Director 14 August 2017

 

Quite surprised that KBH and SG are the offeror. Thought that they were being offered a good deal.

 

just find it very unethical not to reveal the interest of the current shareholders in the offerer.

 

vote NO to their shitty lowball offer!

WBdisciple      ( Date: 10-Nov-2020 13:54) Posted: Am quite disappointed on the Low Ball Offer, particularly when it is coming from one of the board members/key shareholders. For a company with NAV of S$2 per share, they want shareholders to sell to them at more than 20% discount... How about if others offer to buy them out at S$1.55 per share, would they do so? Be fair to shareholders and i am sure they can get what they want..

 

Either cut small loss or those bought below 1.50

easywin      ( Date: 10-Nov-2020 14:17) Posted: How come got people selling below offers price?

 

How come got people selling below offers price?

 

haha so much for HUAT AR and retirement fund... 
Im holding mine since I got it at 1.56.. no diff frm 1.55.... :)

May I know how u know that JP morgan got it at 1.51?

 

Am quite disappointed on the Low Ball Offer, particularly when it is coming from one of the board members/key shareholders.

For a company with NAV of S$2 per share, they want shareholders to sell to them at more than 20% discount...

How about if others offer to buy them out at S$1.55 per share, would they do so? Be fair to shareholders and i am sure they can get what they want..

 

Hmm impossible they have opportunity cost

subaru      ( Date: 10-Nov-2020 12:33) Posted: maybe they just want to earn 4 cents.

 

maybe they just want to earn 4 cents.

 

Not sure, maybe they think will revise offer price, or else won't buy at 1.51. DYODD

MsChew      ( Date: 10-Nov-2020 10:23) Posted: Why? What does it mean? Will the offer price of 1.55 change? AttasBoss      ( Date: 10-Nov-2020 10:07) Posted: JP morgan buy at $1.51 hor ser liao!!!

 

It will always slightly lower than the offer price. Never in history higher

iinvestor      ( Date: 10-Nov-2020 10:43) Posted: stabilize at 151, 152 today... tech sell down today...otherwise may hold above 155........

 

stabilize at 151, 152 today... tech sell down today...otherwise may hold above 155........

 

I remember hearing this before, anyone has the black & white
 

AttasBoss      ( Date: 10-Nov-2020 09:53) Posted: I think there is revise sgx regco guideline to protect minority relating to the offer price should be nearer to book value or reasonable and fair price, anyone can dig out the news last year's?

 

Why? What does it mean?

Will the offer price of 1.55 change?

AttasBoss      ( Date: 10-Nov-2020 10:07) Posted: JP morgan buy at $1.51 hor ser liao!!!

 

JP morgan buy at $1.51 hor ser liao!!!

 

I think there is revise sgx regco guideline to protect minority relating to the offer price should be nearer to book value or reasonable and fair price, anyone can dig out the news last year's?