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Thats not the only problem. All these takeover targets , their share price if u observed carefully, will always suddenly drop alot when the business or fundamental are totally fine. I can only conclude the share price has been artificially forced down so that they can takeover at a cheap price.
Look at all the counters that has been taken over.. Aztech etc.. the share price always drop ALOT before take over offer..
Look at all the counters that has been taken over.. Aztech etc.. the share price always drop ALOT before take over offer..
nqing87 ( Date: 19-Jan-2019 11:24) Posted:
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i remember vard is also offered a way below NAV offer price.. seems like offerors take advantage of business cycles and try to buy over when company is in down cycle and not doing well
Is the new delisting rule in effect already? If so, minorities should form a group to coordinate effort to safeguard their interest.
Observers ( Date: 18-Jan-2019 21:22) Posted:
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Typo Correction email should be [email protected]
Conclusion of No-ji-bai deal:
1. Terror O Connor has bird brain and or
2. Terror O Connor has terminal illness and need cash out tomorrow and or
3. Conspiracy Theory between concerted parties
Ladies and Gentlemen, write to [email protected] not just spit all our shitty here.
Period
1. Terror O Connor has bird brain and or
2. Terror O Connor has terminal illness and need cash out tomorrow and or
3. Conspiracy Theory between concerted parties
Ladies and Gentlemen, write to [email protected] not just spit all our shitty here.
Period
Firstly, my post is not directed at anybody in specific.
How SRG/Courts destroyed retailer investors money is clear for all to see.
Quite frankly, the way Courts business performance is going, how likely is its share price going upwards. It didn' t even bother to declare a dividend in last FY when it is reporting positive accounting profit. Also Courts stopped their share buyback. It was buying like crazy when it was trading ard 44cts. At 14cts it didnt even spent a dime to buyback any shares. There is just nothing to spur it in the up direction.
What is Courts telling the market. Basically it has given up on its shareholders.
Courts mgmt should be condemned for such iresponsiblity.
How SRG/Courts destroyed retailer investors money is clear for all to see.
Quite frankly, the way Courts business performance is going, how likely is its share price going upwards. It didn' t even bother to declare a dividend in last FY when it is reporting positive accounting profit. Also Courts stopped their share buyback. It was buying like crazy when it was trading ard 44cts. At 14cts it didnt even spent a dime to buyback any shares. There is just nothing to spur it in the up direction.
What is Courts telling the market. Basically it has given up on its shareholders.
Courts mgmt should be condemned for such iresponsiblity.
fundamentalhero ( Date: 18-Jan-2019 22:39) Posted:
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YOU GOT ME WRONG! I KNOW SRG WON' T LUGI READ PROPERLY. I AM SAYING THIS IS FISHY! TOTALLY SHORTCHANGING MINIORITIES
BESIDES, IF YOU ARE VESTED, YOU WILL KNOW THEY SPENT A !@#$TON OF MONIES TO RESTRUCTURE COURTS BUT THESE MONIES INCLUDE MINIORITIES MONIES.
YET NOW NO VALUE DELIVERANCE TO MINIORITIES BY ACCEPTING A LOW BALL OFFER SAY BASED ON YOUR SAID NAV OF 193MILLION. LOWBALL IS LOWBALL
AND IF YOU WANT TO FOLLOW CLOSER, SEE WHERE THE LOAN CAME FROMLOL GOT SYNERGIES AND OPPORTUNITY SO TRANSLATE TO LOW BALL OFFER!!!
NO $0.50 NAV as OFFER NO POINT ACCEPTING! IFA SHOULD NOT AGREE TO THIS 蓝 腿 OFFER TOO!
Meanwhile in US, The JAPANESE FIRMS offering more than 2X valuation to M& A BIOFIRMS LOL
#BIRDTALK-KINGLOWBALLOFFER #HANKYPANKYSRGandCEOACCEPTANCE
18/01/19, 07:40 am
SINGAPORE (Jan 18): Courts Asia, the regional purveyor of furniture and household and IT appliances, has received a 20.5 cents voluntary conditional cash offer from Nojima Asia Pacific for all its issued and outstanding ordinary shares.
The offer price represents an approximately 34.9% premium above the closing price of 15.2 cents on the last trading date of Wednesday and an approximately 23.3% premium above the volume weighted average price (VWAP) per share over the six-month period prior to and including the last trading date.
As of Friday, Courts Asia has an issued and fully paid up share capital of $267.3 million, comprising 517.5 million shares with 42.5 million treasury shares. The offer values Courts Asia at stake $106 million.
Nojima Asia Pacific is the offer vehicle of sole shareholder Nojima Corp, a Tokyo-listed electrical appliance retail chain mainly dealing with the sale of consumer digital appliances, in Japan. It also has presence in Cambodia, where it specialises in digital appliances.
Nojima has a market capitalisation of $1.4 billion and revenues of $6.1 billion.
The offeror has been contemplating the entry into the consumer appliance retail market in Southeast Asia, where market growth is expected. With the acquisition of the Courts Asia, Nojima expects to gain a strong foothold in Southeast Asia.
The offeror also believes Courts Asia and its own business are complementary and there are potential synergies that can be created, adds PricewaterhouseCoopers Corporate Finance who drew up the offer document.
In addition, the trading volume of shares in Courts Asia has been generally low, with an average daily trading volume of approximately 208,346 shares during the 12-month period.
The offeror has received an undertaking from Singapore Retail Group, the 73.8% Courts Asia shareholder, to tender all of its 382 million shares in acceptance of the offer and not to accept or permit the acceptance of any competing offer.
BESIDES, IF YOU ARE VESTED, YOU WILL KNOW THEY SPENT A !@#$TON OF MONIES TO RESTRUCTURE COURTS BUT THESE MONIES INCLUDE MINIORITIES MONIES.
YET NOW NO VALUE DELIVERANCE TO MINIORITIES BY ACCEPTING A LOW BALL OFFER SAY BASED ON YOUR SAID NAV OF 193MILLION. LOWBALL IS LOWBALL
AND IF YOU WANT TO FOLLOW CLOSER, SEE WHERE THE LOAN CAME FROM
LOL GOT SYNERGIES AND OPPORTUNITY SO TRANSLATE TO LOW BALL OFFER!!!
SO FISHY DEFINITELY SOME HANKY PANKY OR POSSIBLE KICKBACKS ETC ESPECIALLY JAPANESE CORPORATE CULTURE (NISSAN, OLYMPUS ETC TYPE OF SCANDALS)
ELSE HOW TO BE SUCH LOW BALL OFFER THAT WAS STRUCTURED TO OPPRESS THE MINIORITIES?!?
This is equivalent to say wha your property damn good vantage point location and crowd, heard it' s valuation is 267million plus. I damn like your property. why not like that la. i really damn like cause good opportunity and can increase my visbility. I OFFER 106million!
LOL!!!!!!!!!!! 睁 着 眼 睛 说 瞎 话 .com
FIRST TIME I HEAR!!!! LMFAO!!!! AT LEAST GIVE TILL VALUATION/PREMIUM or DISCOUNT 10% MAX! 吃 白 logic
NO $0.50 NAV as OFFER NO POINT ACCEPTING! IFA SHOULD NOT AGREE TO THIS 蓝 腿 OFFER TOO!Meanwhile in US, The JAPANESE FIRMS offering more than 2X valuation to M& A BIOFIRMS LOL
#BIRDTALK-KINGLOWBALLOFFER #HANKYPANKYSRGandCEOACCEPTANCE
taken from : https://www.theedgesingapore.com/courts-asia-gets-205-cents-share-offer-tokyo-listed-nojima
Courts Asia gets 20.5 cents per share offer from Tokyo-listed Nojima
By:
PC Lee
SINGAPORE (Jan 18): Courts Asia, the regional purveyor of furniture and household and IT appliances, has received a 20.5 cents voluntary conditional cash offer from Nojima Asia Pacific for all its issued and outstanding ordinary shares.
The offer price represents an approximately 34.9% premium above the closing price of 15.2 cents on the last trading date of Wednesday and an approximately 23.3% premium above the volume weighted average price (VWAP) per share over the six-month period prior to and including the last trading date.
As of Friday, Courts Asia has an issued and fully paid up share capital of $267.3 million, comprising 517.5 million shares with 42.5 million treasury shares. The offer values Courts Asia at stake $106 million.
Nojima Asia Pacific is the offer vehicle of sole shareholder Nojima Corp, a Tokyo-listed electrical appliance retail chain mainly dealing with the sale of consumer digital appliances, in Japan. It also has presence in Cambodia, where it specialises in digital appliances.
Nojima has a market capitalisation of $1.4 billion and revenues of $6.1 billion.
The offeror has been contemplating the entry into the consumer appliance retail market in Southeast Asia, where market growth is expected. With the acquisition of the Courts Asia, Nojima expects to gain a strong foothold in Southeast Asia.
The offeror also believes Courts Asia and its own business are complementary and there are potential synergies that can be created, adds PricewaterhouseCoopers Corporate Finance who drew up the offer document.
In addition, the trading volume of shares in Courts Asia has been generally low, with an average daily trading volume of approximately 208,346 shares during the 12-month period.
The offeror has received an undertaking from Singapore Retail Group, the 73.8% Courts Asia shareholder, to tender all of its 382 million shares in acceptance of the offer and not to accept or permit the acceptance of any competing offer.
sheerluck ( Date: 18-Jan-2019 22:22) Posted:
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Based on the share price for the last few years, the share price only dip below 20 cents 5 mths ago on extremely thin volume. It means majority aka 95% (or maybe even close to 99%) of investors who bought courts share via IPO or open market paid more than 20 cents for the share. Almost all shareholders excluding SRG are losing money when a takeover suppose to be a good thing.. This one only happens in SGX where a takeover is akin to robbing small shareholders
sheerluck ( Date: 18-Jan-2019 22:22) Posted:
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Sounds like a business model?
Sgvale ( Date: 18-Jan-2019 21:56) Posted:
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Last FY when Courts still has accounting profit, they didn' t declare any dividend which they usually do. For the last two quarters, Courts registered negative accounting profit plus they only declare dividend, that is if they do, on their Q4 (31-Mar). So no reason to expect them to do so. Also Courts has over $60mil in cash but over $230mil in debt. The offeror takes over not just that cash but also the debts.
Lastly, dont worry about SRG lugi. When they listed Courts, they sold 118 mil share @ 77cts pocketing $91 mil. Now they are selling 382 mil shares at 20.5. They stand to pocket another $78 mil.
Courts last reported NAV of $193mil or 37cts per shares.
Lastly, dont worry about SRG lugi. When they listed Courts, they sold 118 mil share @ 77cts pocketing $91 mil. Now they are selling 382 mil shares at 20.5. They stand to pocket another $78 mil.
Courts last reported NAV of $193mil or 37cts per shares.
LOL STILL THIRD TIME???!??!?!?!? BAN THE WHOLE MANAGEMENT AND THE JAPPIES!
LOL GOT SYNERGIES AND OPPORTUNITY SO TRANSLATE TO LOW BALL OFFER!!!
NO $0.50 NAV as OFFER NO POINT ACCEPTING! IFA SHOULD NOT AGREE TO THIS 蓝 腿 OFFER TOO! |
List & delist. List again & delist at low price. What's this? Early Shareholders value all destroyed. Feel cheated. Hope no 3rd listing
LOL GOT SYNERGIES AND OPPORTUNITY SO TRANSLATE TO LOW BALL OFFER!!!
SO FISHY DEFINITELY SOME HANKY PANKY OR POSSIBLE KICKBACKS ETC ESPECIALLY JAPANESE CORPORATE CULTURE (NISSAN, OLYMPUS ETC TYPE OF SCANDALS)
ELSE HOW TO BE SUCH LOW BALL OFFER THAT WAS STRUCTURED TO OPPRESS THE MINIORITIES?!?
This is equivalent to say wha your property damn good vantage point location and crowd, heard it' s valuation is 267million plus. I damn like your property. why not like that la. i really damn like cause good opportunity and can increase my visbility. I OFFER 106million!
LOL!!!!!!!!!!! 睁 着 眼 睛 说 瞎 话 .com
FIRST TIME I HEAR!!!! LMFAO!!!! AT LEAST GIVE TILL VALUATION/PREMIUM or DISCOUNT 10% MAX! 吃 白 logicNO $0.50 NAV as OFFER NO POINT ACCEPTING! IFA SHOULD NOT AGREE TO THIS 蓝 腿 OFFER TOO!
Meanwhile in US, The JAPANESE FIRMS offering more than 2X valuation to M& A BIOFIRMS LOL
#BIRDTALK-KINGLOWBALLOFFER #HANKYPANKYSRGandCEOACCEPTANCE
taken from : https://www.theedgesingapore.com/courts-asia-gets-205-cents-share-offer-tokyo-listed-nojima
Courts Asia gets 20.5 cents per share offer from Tokyo-listed Nojima
By:
PC Lee
SINGAPORE (Jan 18): Courts Asia, the regional purveyor of furniture and household and IT appliances, has received a 20.5 cents voluntary conditional cash offer from Nojima Asia Pacific for all its issued and outstanding ordinary shares.
The offer price represents an approximately 34.9% premium above the closing price of 15.2 cents on the last trading date of Wednesday and an approximately 23.3% premium above the volume weighted average price (VWAP) per share over the six-month period prior to and including the last trading date.
As of Friday, Courts Asia has an issued and fully paid up share capital of $267.3 million, comprising 517.5 million shares with 42.5 million treasury shares. The offer values Courts Asia at stake $106 million.
Nojima Asia Pacific is the offer vehicle of sole shareholder Nojima Corp, a Tokyo-listed electrical appliance retail chain mainly dealing with the sale of consumer digital appliances, in Japan. It also has presence in Cambodia, where it specialises in digital appliances.
Nojima has a market capitalisation of $1.4 billion and revenues of $6.1 billion.
The offeror has been contemplating the entry into the consumer appliance retail market in Southeast Asia, where market growth is expected. With the acquisition of the Courts Asia, Nojima expects to gain a strong foothold in Southeast Asia.
The offeror also believes Courts Asia and its own business are complementary and there are potential synergies that can be created, adds PricewaterhouseCoopers Corporate Finance who drew up the offer document.
In addition, the trading volume of shares in Courts Asia has been generally low, with an average daily trading volume of approximately 208,346 shares during the 12-month period.
The offeror has received an undertaking from Singapore Retail Group, the 73.8% Courts Asia shareholder, to tender all of its 382 million shares in acceptance of the offer and not to accept or permit the acceptance of any competing offer.
if the FA/IFAs say this offer is fair also can close shop/tear(burn) down already. LOL. if transaction go through means all close eyes to give valuations! Or have vested interests lol!
How can a listed firm with such a high NAV be going for less than 10 cents ($0.205-supposedly distributed monies of $0.115 = $0.09) LOL ridiculous in the first place SRG or the CEO accepted the offerer' s offer in the first place! SO FISHY!!!!!
睁 着 眼 睛 说 瞎 话
How can a listed firm with such a high NAV be going for less than 10 cents ($0.205-supposedly distributed monies of $0.115 = $0.09) LOL ridiculous in the first place SRG or the CEO accepted the offerer' s offer in the first place! SO FISHY!!!!!
睁 着 眼 睛 说 瞎 话
I think this might turn out to be the first case to test the new delisting rules where major shareholder cannot vote on a delisting resolution.
Then again, if the offerer(s) get enough shares in this general offer to do a compulsory acquisition or if the float drops below a certain percentage and SGX mandates a delisting, then all that is moot.
Then again, if the offerer(s) get enough shares in this general offer to do a compulsory acquisition or if the float drops below a certain percentage and SGX mandates a delisting, then all that is moot.
lukewong82 ( Date: 18-Jan-2019 20:06) Posted:
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AGREED. IF TRANSACTION GO THROUGH CAN CLOSE/TEAR(BURN) DOWN the EXCHANGE ALREADY! especially this is the second time this happened to courts listing. WTheck is SGX useful for? pillaging public monies and list shitty firms like courts midas etc? full of scams and low ball offerors!
Shifu8888 ( Date: 18-Jan-2019 20:36) Posted:
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YeAp. It is either Terrence has bird brain or there is a conspiracy theory going on. Else he may be having terminal illness and needs to cash out tomorrow. If sgx allows this deal to go through, the entire exchange needs to be torn down.
fundamentalhero ( Date: 18-Jan-2019 20:24) Posted:
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Yep, if div declared is 2c, say, then they can adjust the offer px to 18c. That' s what it is. So what if unfair? It happens again n again. What are minorities gonna do? Protest? Who' s gonna come to the rescue? This place what seems to happen all the time is kuay kuay accept or if not resign to things n sulk only mah.
Stanton ( Date: 18-Jan-2019 18:56) Posted:
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that' s not the point.
the main point is
that there is 60 million cash SGD on last financial report. at least $0.115 to be distributed to shareholders!!!!
They are trying to shortchange miniority shareholders!! low ball offer!!!
imagine if $0.115 is not distributed!!!
OFFEROR GOT COURTS AT 9 CENTS ONLY!!!!!!!
https://links.sgx.com/FileOpen/CAL_SGXNet_Q2FY1819.ashx?App=Announcement& FileID=533200
BULL SHIZ OFFER!!!!!!
the main point is
that there is 60 million cash SGD on last financial report. at least $0.115 to be distributed to shareholders!!!!
They are trying to shortchange miniority shareholders!! low ball offer!!!
imagine if $0.115 is not distributed!!!
OFFEROR GOT COURTS AT 9 CENTS ONLY!!!!!!!
https://links.sgx.com/FileOpen/CAL_SGXNet_Q2FY1819.ashx?App=Announcement& FileID=533200
BULL SHIZ OFFER!!!!!!
From 2014 to 2019 5 years, the only time the share price traded below 20 cents is July 2018 to now which is about 5 mths. In this 5 mths, the volume is the very low compared to the last 4.5 years ==> Only 5-10% of those who bought courts are earning due to this take over, the rest of the 90-95% who bought courts are losing money... hai..