United Engineers   

United Engineers

oxley Mr Low last week increase their stake from 21.1% to 21.13% at 2.66, minor stake increase.

seems like fight brewing albeit i think Ox will cave at say 2.85 takeover from Yanlord

 

today Yanlord bought 3,071,700 shares (0.48% shares) from open market. now they have from 41.55% increase to 42.03%. sian. hope got buy queue 2.71 everyday to protect our interest. hope someone can queue protect 2.71 and 2.72 deny Yanlord/

 

No one is permanant friend. All fair weather friends. If they feel, someone is of no use to them they part. Money is god. No money no more friend. All go away. This is modern world. Money speaks.

gregtan123      ( Date: 13-Nov-2019 10:34) Posted: Yup Yanlord Perennial OCBC 2 years ago funny deal for 2.6 then conflict of interest WBL. 2 years later same WBL trick. Don' t know SGX and Commercial Affairs never investigate them.

 

Everyone don't want to look after their own business. Grass is always greener on the other side.

 

I really dunno y? Their own YL shares lite shit n instead can bid high for other

 

can yanlord do another revision to 2.72 haha

peppergal_87      ( Date: 13-Nov-2019 16:35) Posted: Doesn' t make sense for Oxley to bid higher and end up paying higher than $2.60 for WBL since they said last time WBL is less than $2.07. Fingers crossed KKR is prepared to pay good prices

 

Doesn' t make sense for Oxley to bid higher and end up paying higher than $2.60 for WBL since they said last time WBL is less than $2.07. Fingers crossed KKR is prepared to pay good prices

 

Yanlord are jokes.
 

Price	Trades	Volume	Sold to Buyer	Mid	Bought from Seller
2.700	71	3,179,000	3,179,000	0	0
2.710	211	2,950,300	1,831,700	0	1,118,600
2.720	92	74,300	0	0	74,300
TOTAL	374	6,203,600	5,010,700	0	1,192,90

 

Bro I think 3.22 at NAV good enough liao la. I will even accept 3.10. 

Nirmala1949      ( Date: 13-Nov-2019 12:55) Posted: UE square a jewel in the crown. Yanlord very much interested.if others counter offer then Yanlord will up its takeover price. Otherwise Yanlord will be buy this jewel at a throw away price. So don't sell your shares. SS3-50 is possible?????

 

UE is now 2.72 with Buy Queue at 2.71 SGD. This good news cause Yanlord CANNOT buy more unless they want to up 2.71. The takeover rule is even if u buy 100 shares at a higher price, auto revise up. Also right, I went to read. EVEN IF Yanlord get 50% control right, it is good for UE holders cause they have to buy WBL at 2.54 SGD, WBL was 2.07 only 2 years ago. 46 cents increase + u see this year stellar results. Special Dividend of 8-12 cents got good chance. Best case: KKR or Oxley or both combined counter bid. Worse case if Oxley throw in towel at 2.70 we still got base price 2.70. 

 

UE square a jewel in the crown. Yanlord very much interested.if others counter offer then Yanlord will up its takeover price. Otherwise Yanlord will be buy this jewel at a throw away price. So don't sell your shares. SS3-50 is possible?????

 

Yup Yanlord Perennial OCBC 2 years ago funny deal for 2.6 then conflict of interest WBL. 2 years later same WBL trick. Don' t know SGX and Commercial Affairs never investigate them. 

 

Agree. $2.70 is too low. Will hold on till better offer at or above $3

Nirmala1949      ( Date: 13-Nov-2019 07:58) Posted: Investors please hold on to your UE shares.

 

Investors please hold on to your UE shares.

 

Hopefully, KKR will bid at $3, then Yandlord counterbid at $3.20, KKR raise to $3.50 etc etc OX can watch and enjoy the spoils.

Nirmala1949      ( Date: 13-Nov-2019 07:49) Posted: Dont worry, Oxley and KKR will come to our help.

 

Dont worry, Oxley and KKR will come to our help.

 

Please leave OX out of this - except if it?s to push up the sale price by Yanlord. Do not let the Chinks rip off SG investors.

Nirmala1949      ( Date: 13-Nov-2019 07:25) Posted: KKR will come to the bidding war. Now THREE parties will fight for UE?????

 

KKR will come to the bidding war.
Now THREE parties will fight for UE?????

 

Yesterday Super Results. Now NAV rise from 3.12 to 3.22 SGD. In their offer document, they said they follow industry average takeover developer stock 0.9x BUT now you go count even at 2.70 SGD, it is only 0.815 of NAV. I hope Oxley counters 2.8X force Yanlord to up his offer. Bidding war. Or last time KKR also wanted. UE is century old company plus sitting a golden property assets. 

 

I think so too.  They may have negotiated a truce or peace deal.  Oxley shares have been under severe pressure. I suspect their competitors had been attacking them. Now, the pressure on Oxley may lessen, if they walk away from UE.

Nirmala1949      ( Date: 04-Nov-2019 10:24) Posted: Oxley may have no power to bid a counter bid. Oxley may want to concentrate on his own business. Oxley may have bargain a win win deal with Yanlord?