United Engineers   

UE building up!

Anything could happen. Its all between OCBC and the buyers. So best is to keep a look out. Its exciting. Am acquisition of above $2 bil (most probably) is in the works. That is why this deal takes time (also because of negotiations?) Every single cent is important to either buyer or seller. So lets pray for a good outcome. :)

kirana      ( Date: 21-May-2017 10:49) Posted: Thanks MrSingapore! Somehow even news informed of 5 finalist, I felt miracle could happen. Is still possible for " outsiders" if they can offer a better number since no documents have been signed.

 

Since it was mentioned below, I might find time to go over to Credit Suisse to see the hustle and bustle. Also, we can visit or ' go near' the offeror and the bidders. Maybe they whispers something? Haha. Value investing has been taken to new levels.

 

Unlocking value to foreign investment means bringing in more wealth. Unlocking to local companies is still no change in the country' s value. I strongly believe that OCBC/GEH will not and do not view this deal lightly. And the Lee foundation side will also like to see value created for Singaporeans!

 

Since Feb, they announced that they shortlisted 5 bidders to do due deligent therefore they may release an update soon. So this coming week we can monitor the price action for hint whether the deal is on or not.

lglg666      ( Date: 20-May-2017 14:03) Posted: It's not important who will offer the best price but there will be someone ( Samling or KKR ) to be willing to offer a bid for it, and then hopefully there will be a counter bid. That way then there will a bidding war among the interested parties.....only then we can see a best offer for UE. Hope this will happens soon 🙏

 

Thanks MrSingapore! Somehow even news informed of 5 finalist, I felt miracle could happen. Is still possible for " outsiders" if they can offer a better number since no documents have been signed.

 

As long as above 30% there needs to be a takeover and usually delisting. Ocbc and their related companies have more than 30%

kirana      ( Date: 20-May-2017 16:43) Posted: Is it possible the offer but no delisting? Really layman on takeover and merger. I know can be complicated.

 

Dont think there is nego due to dividends. Also need to consider other stuff like net asset value which could be in 3.20 to 3.50 range. Probably will be let go in that range or higher? Depends on the talks between buyer and seller. Samling is a big conglomerate. They have probably invested billions in many areas since 1980s in property development, company acquisitions etc....their business extended till Usa, China, Vietnam, Singapore, New Zealand etc. Not related to mulpha. The controlling family behind samling are powerful business people. They might win this deal.

kirana      ( Date: 20-May-2017 16:39) Posted: Hi! Enjoy reading postings here. Maybe they nego nego discount 12 cents due to dividends? KKR will be just investor. Samling may want to get more involved? Who is Samling? Related to Mulpha? Maybe also some big shots ? Malaysian governmental influence? Prefer to spread out due to local uncertainty?

 

Is it possible the offer but no delisting? Really layman on takeover and merger. I know can be complicated.

 

Hi! Enjoy reading postings here. Maybe they nego nego discount 12 cents due to dividends? KKR will be just investor. Samling may want to get more involved?
Who is Samling? Related to Mulpha? Maybe also some big shots ? Malaysian governmental influence? Prefer to spread out due to local uncertainty?

 

Why KKR? KKR no doubt has lots of money, but they may not  be Really Really interested in UEL? As they are bidding for literally any company that is up for investment / acquisition. Unless they have lots of cash to go around then its another different story. Read some months back that KKR is upping their Asia Fund. Something like that? Do they have enough to invest in that many companies at the same time? Or will they be fully focused on UEL? Samling is in property development just like UEL and can allow Samling to expand to SG through UEL etc. So got rare opportunity, I dont think Samling will back down easily. lol. Both are strong la. Most importantly is UEL gets sold. Best price wins ma.

nea03177      ( Date: 20-May-2017 12:17) Posted: My guess is KKR. MrSingaporean      ( Date: 20-May-2017 10:00) Posted: I have this strong and positive feeling that the deal is in the final stages of negotiations and re negotiations already. I have people hinting to keep a lookout on the public announcements a couple of times and " top management has been very busy and always out for meetings" . Something along the lin. Probably Samling will clinch the deal.

 

Yes, I think there is defintiely a bidding war. With counter bids. The final bids they submitted at end march 2017 might be slightly lesser than the amount OCBC is looking at. That could be the reason why the negotiations are still ongoing. If the bids were sucky, OCBC may have walked out of the door and said DEAL OVER. But they didnt say that, meaning which negotiations still underway and probably the price war. KKR has no doubt lots of money but they are like sticking their fingers into every thing. Almost all kinds of acquisition in whichever country / industry they want. Whereas I believe UEL fits Samling' s company strengths which are in Property Development, Automotives and Planations. Dont forget that Samling is a very strong contender too. Got good chance + good relationship with OCBC, they wont want to let the opportunity slip away. Lol. And, Samling is also related to HAP SENG. Another Powerhouse conglomerate. They are all relatives. Hap Seng has lots of money too with companies all over the world just like Samling. Most importantly is UEL gets sold. :D

lglg666      ( Date: 20-May-2017 14:03) Posted: It's not important who will offer the best price but there will be someone ( Samling or KKR ) to be willing to offer a bid for it, and then hopefully there will be a counter bid. That way then there will a bidding war among the interested parties.....only then we can see a best offer for UE. Hope this will happens soon 🙏

 

It's not important who will offer the best price but there will be someone ( Samling or KKR ) to be willing to offer a bid for it, and then hopefully there will be a counter bid. That way then there will a bidding war among the interested parties.....only then we can see a best offer for UE. Hope this will happens soon 🙏

 

My guess is KKR.

MrSingaporean      ( Date: 20-May-2017 10:00) Posted: I have this strong and positive feeling that the deal is in the final stages of negotiations and re negotiations already. I have people hinting to keep a lookout on the public announcements a couple of times and " top management has been very busy and always out for meetings" . Something along the lin. Probably Samling will clinch the deal. lglg666      ( Date: 19-May-2017 16:39) Posted: Woke up....can see offer soon?

 

I have this strong and positive feeling that the deal is in the final stages of negotiations and re negotiations already. I have people hinting to keep a lookout on the public announcements a couple of times and " top management has been very busy and always out for meetings" . Something along the lin. Probably Samling will clinch the deal.

lglg666      ( Date: 19-May-2017 16:39) Posted: Woke up....can see offer soon?

 

Crap......weaken at the pre-closing.

lglg666      ( Date: 19-May-2017 16:39) Posted: Woke up....can see offer soon?

 

I guess that particular somebody will come in here and claim he bought back at 2.67 after he dumped all at 2.72 few days ago....lol!

Last done: 2.73 (looks like a late run-up)

 

Woke up....can see offer soon?

 

Think need to revalue the asset.

Singapore land gets record $1 bil bid from Chinese buyers
3 min 21 sec ago
SINGAPORE (May 18): A residential plot in Singapore may fetch a record price for a government land sale, with a Chinese consortium putting in the highest bid at $1 billion. Logan Property (Singapore) Co. and Nanshan Group Singapore Co. put in the highest bid in the Stirling Road land auction that closed Thursday, according to a statement from the Urban Redevelopment Authority. The final award ...

 

I believe even there is a downturn, the upturn will come soon....all we need is patience. The deal seems draggy possibly due to lengthy negotiations. And re negotiations. If the bids are way too low, OCBC will have sounded off and withdraw from the sale. So I believe the price offered is good but could be higher based on OCBC side. Can tell this is like the 3rd time OCBC wants to divest UEL right? First, it was the Thai Billionaire. Negotiations fell through. Then it was OUE, which kinda trailed off and OUE said if they were interested, they will announce. Then no sound for quit some time. So now, third time lucky? 10 bidders reduced to 5. Based on my understanding, the bidders are strong especially Samling and KKR. Those 2 are big conglomerates! And Samling was also the one who bought over Wearnes at $455 mil. They wrestled it out with Cathay Pacific, Swire Properties and the Al Futtaim group which are all big players. Samling seems to have higher advantage but no one really knows as this is a bid and not necessarily good relations and close ties with ocbc = win.

 

He just your typical NATO member...No Action, Talk Only....

MichaelSchenker      ( Date: 18-May-2017 11:17) Posted: I realised that..Glad you did too. We are here long enough to spot those loud hailer hindsight cannons RedEye1811      ( Date: 18-May-2017 11:14) Posted: Michael Bro. You should be cheering him. He bought 10 shares in UE, go a small gain (but not enough to make it stand tall) then withdrew before any action got wet. When he sold his 10 shares he satisfied with his small gain...sadly forgot the transaction costs that left him limp at end of the day