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Hello. Anyone has any idea what is going to happen to this stock??
No movement at all..what happened?
Ossia been v quiet these few weeks..
No movement these few days :/
thanks jackpot!
hope really like your nick, JACKPOT! hahahaaha..
Thanks Jackpot2010 for detailed explaination. However, I am wondering RTO and Privatisation may not happen as this year financial statement showed that the business is losing money over y-y. Just my different view.
2 possibilities:- 1) RTO or 2) Exit Offer upon privatisation.
Impact on shareholders of Ossia International Ltd -
if 2) then depend on exit offer price. e.g. Pertama Holdings exit offer was 65c (at 24.5% premium over last traded px), ITG exist offer was 12.7c (about 18% above 1-mth weighted average px as shares seldom traded).
Based on Pertama & ITG recent exit offer, I expect 40c for Ossia International Ltd. vs today px 31.5c (+27% premium).
If 1) RTO - this is a better outcome. then can expect higher gain for existing shareholders vs. 2) above.
hi jackpot, if ossia privatised what will the impact be on investors? just wondering. thanks :)
vested
Jackpot2010 ( Date: 04-Jun-2014 15:22) Posted:
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ppl are confused because of this: Ossia Holdings Pte Ltd and Ossia International Ltd (OIL) are 2 separate entities.
Pte is the private vehicle of Goh Brothers (not listed) vs OIL which is the listed co and majority owned by Pte.
Pte also owns VGO which is another listed co. and ITG (previously listed but recently privatised).
The original intention of Goh Brothers was to have OIL owned ITG to drive its e-commerce business. But instead ITG was taken private recently by Pte.
OIL previously owns part of Pertama Holdings but was privatised by Australia parent (Harvey Norman) recently.
Bottomline is this. Restructuring of both OIL and VGO is on-going but only the Goh Brothers know when it will be announced.
Today' s high vol of 2.5m at noon @ weighted averge price $0.3225 - with > two-third grab from sellers.
break resistance and downtrend line at the same time, breakup...
I don' t quite understand how to interpret the company financial statement. Based on 30 May, the finanical statement of this company shows the NAV of the company is 15.55 cents. Does it include all the investments that Jackpot2010 mentioned?
Ossia Holdings Pte Ltd is the private vehiche of the Goh Brothers holding majority stakes in the following listed cos:-
a) Ossia International Ltd (owns 40% of Harvey Norman Spore that holds 49% of Pertama Hldgs (privatised @65c)
b) VGO Ltd (in similar business to Ossia International but no cross holdings).
c) ITG - delisted in early this yr, exit offer @ 25% premium to last traded price.
Hence Ossia International and VGO may be privatised by the Goh Brothers (same as ITG).
If i am not wrong, they own Havey Norman via Pertama. Ossia also owns some VGO and previously IT Group.
At this point of time, i dont know what corporate action Ossia is undertaking, but definately, Ossia is worth more than 30cts.
share px already discounted poor results of last FY.
No div declared - maybe proceeds from Harvey Norman are kept by associate co for unknown reason.
Difficult to understand this stock.
Ossia lai liao.. broke 30.. :D
Result no good leh and no special div.
Jackpot2010 ( Date: 30-May-2014 16:27) Posted:
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FY 31.3.14 results soon.
Should be giving good dividend this round - after disposal gain of Harvey Norman.
Been creeping up in recent days with buyers at 26 27 28 and 29... watching closely
Game over ?.... but seems like there is collection around 26 level.
anyone saw the strange 0.20! pre market open?