United Engineers   

UE building up!

I hold quite substantial UE. I mean it makes up more than 45% of what i invested. Selling SPH now (this period) and reinvest into UE means going to cut loss for those few lots at 3.55. The really old batches are all well below 2.30 during Lehman time. Yet having more in UE defy the concept of spreading across many stocks. Is a hard decision to make.

 

Then why you said So buying after selling sph. 1) you have not bought UEL shares yet and will buy inly after selling sph? 2) Thinking to sell sph now? Or later? Why not earlier?

kirana      ( Date: 29-May-2017 08:01) Posted: Not really. Just concerned that years of investment which has been good turns bad, just because of one man? If it happens, I also lose hope in many other listed companies.

 

Not really. Just concerned that years of investment which has been good turns bad, just because of one man? If it happens, I also lose hope in many other listed companies.

 

Lol. Scared the same episode happen at sph from NOL?

kirana      ( Date: 28-May-2017 18:22) Posted: I am so buying after selling SPH!

 

I am so buying after selling SPH!

 

1) Bidding is private and confidential 2) Everyone will give a high bid 3) No one knows what others have bidded 4) If they know Ocbc has high standards and if they really want it (and fight with the other 4 to 10 bidders) they will go all out. Ocbc and their related subsidiaries hold more than 30%. And by sgx laws, at least 30% need to launch a take over pf the other shares.

MrSingaporean      ( Date: 28-May-2017 11:51) Posted: No one will know what the other party bids. MichaelSchenker      ( Date: 28-May-2017 11:33) Posted: Apparently you are saying a buyer will know what the rest of the other buyers are bidding due to relations or associates. I' m just saying if that is the case, the related bidder will just need to bid slightly higher to beat his competitors. This is cheating. The rest of the bidders and owners will look like fools. btw, OCBC is not even the biggest shareholder. They own about 4% of UE. Best is not to speculate, especially issues that may be detrimental to the interests of big organisations and corporations. You don' t want to hear from their attorney, do you?

 

No one will know what the other party bids.

MichaelSchenker      ( Date: 28-May-2017 11:33) Posted: Apparently you are saying a buyer will know what the rest of the other buyers are bidding due to relations or associates. I' m just saying if that is the case, the related bidder will just need to bid slightly higher to beat his competitors. This is cheating. The rest of the bidders and owners will look like fools. btw, OCBC is not even the biggest shareholder. They own about 4% of UE. Best is not to speculate, especially issues that may be detrimental to the interests of big organisations and corporations. You don' t want to hear from their attorney, do you?   MrSingaporean      ( Date: 28-May-2017 09:56) Posted: No, bidding always go to the highest bidder no matter the relationship. But if A knows B very well, A will know B's standard and seek to meet it and even surpass it. For example husband and wife. Husband must give off the best. Not anyhow anything just because its his wife. Ocbc also wont let go cheap. That is why they are probably still at the discussion table. If OCBC wants to sell UEL off at 3 bil, or 4 bil etc will buyers want to buy? If buyers budget at 2.5 bil max maybe either ocbc can lower the price or buyers relook and try give 2.8 bil etc? They will def discuss the deal and win win for all. Lose win, win lose, nobody likes.

 

Apparently you are saying a buyer will know what the rest of the other buyers are bidding due to relations or associates. I' m just saying if that is the case, the related bidder will just need to bid slightly higher to beat his competitors. This is cheating. The rest of the bidders and owners will look like fools.

btw, OCBC is not even the biggest shareholder. They own about 4% of UE.

Best is not to speculate, especially issues that may be detrimental to the interests of big organisations and corporations. You don' t want to hear from their attorney, do you?



 

MrSingaporean      ( Date: 28-May-2017 09:56) Posted: No, bidding always go to the highest bidder no matter the relationship. But if A knows B very well, A will know B's standard and seek to meet it and even surpass it. For example husband and wife. Husband must give off the best. Not anyhow anything just because its his wife. Ocbc also wont let go cheap. That is why they are probably still at the discussion table. If OCBC wants to sell UEL off at 3 bil, or 4 bil etc will buyers want to buy? If buyers budget at 2.5 bil max maybe either ocbc can lower the price or buyers relook and try give 2.8 bil etc? They will def discuss the deal and win win for all. Lose win, win lose, nobody likes. MichaelSchenker      ( Date: 28-May-2017 09:30) Posted: This should not have happened. The bidding must be fair and transparent. Nothing must be influenced by relations or associations. Are we saying UE will be sold at the lowest succesful bid price? Suggestion is tantamount to accusing. Till now, nothing is firm. Holders can expect another few months. Even if there is a concrete offer and an official price, it will still take months to finally materialise. Just take a reference from precedence. Best is to let sleeping dogs lie..

 

No, bidding always go to the highest bidder no matter the relationship. But if A knows B very well, A will know B's standard and seek to meet it and even surpass it. For example husband and wife. Husband must give off the best. Not anyhow anything just because its his wife. Ocbc also wont let go cheap. That is why they are probably still at the discussion table. If OCBC wants to sell UEL off at 3 bil, or 4 bil etc will buyers want to buy? If buyers budget at 2.5 bil max maybe either ocbc can lower the price or buyers relook and try give 2.8 bil etc? They will def discuss the deal and win win for all. Lose win, win lose, nobody likes.

MichaelSchenker      ( Date: 28-May-2017 09:30) Posted: This should not have happened. The bidding must be fair and transparent. Nothing must be influenced by relations or associations. Are we saying UE will be sold at the lowest succesful bid price? Suggestion is tantamount to accusing. Till now, nothing is firm. Holders can expect another few months. Even if there is a concrete offer and an official price, it will still take months to finally materialise. Just take a reference from precedence. Best is to let sleeping dogs lie... MrSingaporean      ( Date: 27-May-2017 22:24) Posted: Yes. I think samling MAY still win due to their relationship and associations with ocbc and credit suisse. Can tell samling is aggresive. Hope they put in a good prife and make everyone happy (if they win). *please samling

 

This should not have happened. The bidding must be fair and transparent. Nothing must be influenced by relations or associations. Are we saying UE will be sold at the lowest succesful bid price? Suggestion is tantamount to accusing.

Till now, nothing is firm. Holders can expect another few months. Even if there is a concrete offer and an official price, it will still take months to finally materialise. Just take a reference from precedence.

Best is to let sleeping dogs lie...

MrSingaporean      ( Date: 27-May-2017 22:24) Posted: Yes. I think samling MAY still win due to their relationship and associations with ocbc and credit suisse. Can tell samling is aggresive. Hope they put in a good prife and make everyone happy (if they win). *please samling* kirana      ( Date: 27-May-2017 15:15) Posted: You can really dig and dig deeper. Thank you. Whose hand will the deer goes to is still undetermined. We all just hope for a positive outcome, better off a surprisingly positive one. The feeling is like myself taking an exam paper.

 

Hopefully its a success. This is the 3rd round already. If ocbc dont sell it off EVEN after streamlining the company and disposing non core assets these years, then investor confidence will drop like crazy. Share prices will plunge. I dont think ocbc will want that outcome.

AndyLoss      ( Date: 27-May-2017 18:37) Posted: what are the chances of this not being sold...

 

Yes. I think samling MAY still win due to their relationship and associations with ocbc and credit suisse. Can tell samling is aggresive. Hope they put in a good prife and make everyone happy (if they win). *please samling*

kirana      ( Date: 27-May-2017 15:15) Posted: You can really dig and dig deeper. Thank you. Whose hand will the deer goes to is still undetermined. We all just hope for a positive outcome, better off a surprisingly positive one. The feeling is like myself taking an exam paper.

 

what are the chances of this not being sold... 

 

You can really dig and dig deeper. Thank you. Whose hand will the deer goes to is still undetermined. We all just hope for a positive outcome, better off a surprisingly positive one. The feeling is like myself taking an exam paper.

 

Samling chairman's father in law just sold 15% shares in their international mercedes benz company to Daimler for under $500 mil. Next time the father in law's businesses and shares will go to him and his wife. Samling getting bigger and bigger.

 

Yes. Ocbc may facilitate loans if necessary. But dont think any of the 5 bidders need if they are well backed and cash rich. Studying old reports of samling's businesses, they have worked tgt with ocbc and credit suisse before so they might somehow know their style for this deal perhaps?

kirana      ( Date: 26-May-2017 16:50) Posted: Good luck! For me, I hope they can do above or close to RNAV. $3.60. Suspect OCBC previously wanted 3.88. Loan can be facilitated by OCBC.

 

I think all the countering bids has been done since end march. If still countering, may counter to 5.00 per share? 6.00 per share etc etc? Then drag till aug or sept then announce? Lol. Too long. Hope its in the range of 3.50 to 4.00 (the higher the better lah) then can earn more if buy low and in large volume.

lglg666      ( Date: 26-May-2017 16:05) Posted: Yes....not important who come out with the winning bid but what is important to retailers like myself is how much is the winning bid and whether will there be a counter bid? kirana      ( Date: 26-May-2017 15:29) Posted: WHy you hope Samling wins? They can pay better value? If price stays around 2.65, how to offer 3.65?

 

Good luck! For me, I hope they can do above or close to RNAV. $3.60. Suspect OCBC previously wanted 3.88. Loan can be facilitated by OCBC.

 

Yes....not important who come out with the winning bid but what is important to retailers like myself is how much is the winning bid and whether will there be a counter bid?

kirana      ( Date: 26-May-2017 15:29) Posted: WHy you hope Samling wins? They can pay better value? If price stays around 2.65, how to offer 3.65?

 

Samling is all rounder. They are a super rich company backed by billionaire supporters. They build very nice houses just like their related company (Hap Seng). They also are big name in automotive sector. The rest of the bidders are strong and are also developers too but samling seems very aggressive when theg bought out / delisted other companies. When ocbc launched this strategic review through credit suisse, the value of UEL was 1.98 bil. So probably the purchase value looks like it will be between 2 bil to 2.5 bil. If price stabilises at 2.65 it gives new entry shareholders the perception they will earn moe right? Like $0.50 per share or even above? Haha. Samling has invested billions of dollars in their businesses since 1980s so I wont be surprised if they win. Most importantly is UEL gets sold at good price. Then, WE shareholders will be happy. 😊 😊 😊

kirana      ( Date: 26-May-2017 15:29) Posted: WHy you hope Samling wins? They can pay better value? If price stays around 2.65, how to offer 3.65?