United Engineers   

United Engineers

Dear nooovva, thanks!
And then there' s also ordinary shares!

 

Kirana: it means perennial has acquired 90.7% of Preference Shares. Under Companies Act, after crossing 90%, preference shareholders can get perennial to acquire their preference shares if they still continue to hold them.  

 

Hard to predict 100% market movement, it' s contingent on many factors.   All things being steady, there looks like a competition going on, a game being played.   As pointed out, new players may join, old players may sell out.    
If I own the stock, which I don' t, I' d find out more about UE' s assets, and what it is that attracts the bees.       Is it the freehold land the properties are sitting on, the potential of using scarce land to rebuild into something many times the current valuation?   I suspect it so, hence, all along I thought Ching saw a jewel and is after it. Not just to get small change, the man has big guts and foresight. 
So Oxley shares ran today, check hour by hour, you see surprising patterns.   Let' s see what happens next. 

 

Just got a new release from SGX about UE preference share. I half clear half unclear what they are talking about. Only to blame myslef for not going to finance faculty. Please can anybody with suitable background be kind enough to explain. Maybe explain the whole episode in layman terms.

 

oic, i never instill fear.. its possible that it may or may not be lower than 2.60. i said i may go lower cos i pessistimic hence my concern. 

nea03177      ( Date: 24-Aug-2017 19:58) Posted: Why say possible to go below $2.60 after offer ends luncheonmeat      ( Date: 24-Aug-2017 19:50) Posted: simi fear

 

Why say possible to go below $2.60 after offer ends

luncheonmeat      ( Date: 24-Aug-2017 19:50) Posted: simi fear? nea03177      ( Date: 24-Aug-2017 19:14) Posted: If scared that price will fall to below $2.60, then throw in the open market. Don't install fear here. Please state your reasons for making this statement.

 

simi fear?

nea03177      ( Date: 24-Aug-2017 19:14) Posted: If scared that price will fall to below $2.60, then throw in the open market. Don't install fear here. Please state your reasons for making this statement. luncheonmeat      ( Date: 24-Aug-2017 18:01) Posted: including the dividend le, all in , loss of 200+ if 2.6 l

 

If scared that price will fall to below $2.60, then throw in the open market. Don't install fear here. Please state your reasons for making this statement.

luncheonmeat      ( Date: 24-Aug-2017 18:01) Posted: including the dividend le, all in , loss of 200+ if 2.6 lo DinoBullBear      ( Date: 24-Aug-2017 17:45) Posted: Your 250 got factor in the $0.195 on 25th May or not? Anyway, after tuesday is wild card. It either way, it also mean YL/P gloves are off to take on Oxley as they cannot buy any price above GO 2.60 in the market now due to regulation. And even though their ue% is higher than oxley now, they are a consortium bind with agreement and rules internally. And now with Oxley is emerging as a major shareholder that potentially can exert great influence, they could only dilute Oxley percentage by getting more shares in the market  to deny oxley power over board. Especially  if they already got planning with UE/WBL when they launch the acquisition. The show is getting more interesting

 

. .. puzzled, very puzzled! 
Why there' s that view of ' may go lower then 2.60 ,
when offer closes!
. .. then those BB' s buying from market for last few weeks
easily averaging 2/688 ' r so " sukuo!" meh'  
. .. common Bros' ' aie' Zhai'  
( Zhen' Jin' Bu' Pah' Hua' )
good luck folks
' m certain, very sure Saga Continues
excitments yet to oh just soon going to begin only>

 

including the dividend le, all in , loss of 200+ if 2.6 lo

DinoBullBear      ( Date: 24-Aug-2017 17:45) Posted: Your 250 got factor in the $0.195 on 25th May or not? Anyway, after tuesday is wild card. It either way, it also mean YL/P gloves are off to take on Oxley as they cannot buy any price above GO 2.60 in the market now due to regulation. And even though their ue% is higher than oxley now, they are a consortium bind with agreement and rules internally. And now with Oxley is emerging as a major shareholder that potentially can exert great influence, they could only dilute Oxley percentage by getting more shares in the market  to deny oxley power over board. Especially  if they already got planning with UE/WBL when they launch the acquisition. The show is getting more interesting. luncheonmeat      ( Date: 24-Aug-2017 16:49) Posted: now i dunoe should accept or sell in mkt ... cos if accept , i lose 250, if hold out ... possible will drop lower than 2.6 after offer expire ...

 

Your 250 got factor in the $0.195 on 25th May or not? Anyway, after tuesday is wild card. It either way, it also mean YL/P gloves are off to take on Oxley as they cannot buy any price above GO 2.60 in the market now due to regulation. And even though their ue% is higher than oxley now, they are a consortium bind with agreement and rules internally. And now with Oxley is emerging as a major shareholder that potentially can exert great influence, they could only dilute Oxley percentage by getting more shares in the market  to deny oxley power over board. Especially  if they already got planning with UE/WBL when they launch the acquisition. The show is getting more interesting.

luncheonmeat      ( Date: 24-Aug-2017 16:49) Posted: now i dunoe should accept or sell in mkt ... cos if accept , i lose 250, if hold out ... possible will drop lower than 2.6 after offer expire ...

 

now i dunoe should accept or sell in mkt ... cos if accept , i lose 250, if hold out ... possible will drop lower than 2.6 after offer expire ...

 

Wow.. Q is in 1m qty, keep reloading, and consider this is a 2.70 stocks. Whoever is it is enjoying the same veil of secrecy enjoy by Oxley back then..

I think the undervalue price of general offer is attracting ppl in. Oxley launch in a general offer period shield him from YL/P but still have to defend from market which is more powerful. We have seen so many cases where some warchests arrive and start a new front line. But really pity if Oxley lose out the fight, they already come so far. As for YL/P, they laugh when they got such LB price from OC/GE but now they certainly not having the last laugh. They are basically freeze to SGX rules now. 

desmodeus      ( Date: 24-Aug-2017 15:47) Posted: Not surprised someone join in the party

 

Not surprised someone join in the party

 

11.96% as of 18 aug. Should have crossed 13% by yest
4 more trading days to go
 

 

Fundamentally whether below or 50%, these parties cannot keep quiet IF acting in-concert. So unlikely they will team-up. 

But whether Oxley will team-up with other 3rd parties is anyone' s guess at this juncture. They appear to have a slight advantage though owning less than what YL/P consortium owns as of now ..... at most they extend the duration of offer but will not make any diff

lausk22      ( Date: 23-Aug-2017 15:02) Posted: Exceed 50% can take over current Board. Only exceed 90% can seek delisting. newbie86      ( Date: 23-Aug-2017 14:16) Posted: Any shifu can advise.. can Oxley and Yanlord team up and form 50% majority and delist UEL

 

Exceed 50% can take over current Board. Only exceed 90% can seek delisting.

newbie86      ( Date: 23-Aug-2017 14:16) Posted: Any shifu can advise.. can Oxley and Yanlord team up and form 50% majority and delist UEL? newbie86      ( Date: 23-Aug-2017 14:12) Posted: I was thinking about that too.. now till 29 Aug.. a few days to go.. to reach 50%.

 

Any shifu can advise.. can Oxley and Yanlord team up and form 50% majority and delist UEL?

newbie86      ( Date: 23-Aug-2017 14:12) Posted: I was thinking about that too.. now till 29 Aug.. a few days to go.. to reach 50%.. kirana      ( Date: 23-Aug-2017 07:28) Posted: If Oxley not competing and YP team not delisting UE, could be they teaming up!? 33+11.x=44.x trying to reach 50% mark!?

 

I was thinking about that too.. now till 29 Aug.. a few days to go.. to reach 50%..

kirana      ( Date: 23-Aug-2017 07:28) Posted: If Oxley not competing and YP team not delisting UE, could be they teaming up!? 33+11.x=44.x trying to reach 50% mark!?

 

yes. from the propsectus, the bid from offeror is the highest .

lausk22      ( Date: 23-Aug-2017 09:41) Posted: Just wondering: if UE is such an undervalued stock, why is it that there are no more serious and wealthier competitors for it? kirana      ( Date: 23-Aug-2017 07:28) Posted: If Oxley not competing and YP team not delisting UE, could be they teaming up!? 33+11.x=44.x trying to reach 50% mark!?