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United Engineers

Oxley has indicated in the same announcement it would NOT be a takeover!

 

Oxley has indicated in the same announcement it would NOT be a takeover!

 

Offer from Oxley?   Unlikely as its gearing would scare the lenders.

hfjdhy      ( Date: 04-Aug-2017 09:28) Posted: 7.11% and his Deputy Eric Lim 1.02% so total in concert is 8.13%. Another 1.87% will cross the 10% threshold. Get ready the pop corn.... newbie86      ( Date: 04-Aug-2017 08:47) Posted: Sorry 7.11

 

Thought I saw in the SGX filing that Oxley bought at $2.65.   Looks like it' s gonna be a takeover battle shaping up.    

 

Agree. Deja vu, Oi C Bui C did it again like they did to F& N.  

not_98percent      ( Date: 04-Aug-2017 10:13) Posted: Natural justice ...... how can small guys/minority be just steam-rolled-over!! Makes some folks (the old-boys club) looks silly once again ....... and makes you as a investor as to how they run businesses ..... sigh The profile/composition of the offerors is obvious as to their end-game for UE ......... split the spoil eventually ............. and it will not be that easy (and though GSS is here but out of fashion ..... so it will not be cheap). Hope another party/parties emerge ....... to let the show get more interesting and exciting.

 

Natural justice ...... how can small guys/minority be just steam-rolled-over!! Makes some folks (the old-boys club) looks silly once again ....... and makes you as a investor as to how they run businesses ..... sigh

The profile/composition of the offerors is obvious as to their end-game for UE ......... split the spoil eventually ............. and it will not be that easy (and though GSS is here but out of fashion ..... so it will not be cheap). Hope another party/parties emerge ....... to let the show get more interesting and exciting.

 

7.11% and his Deputy Eric Lim 1.02% so total in concert is 8.13%. Another 1.87% will cross the 10% threshold. Get ready the pop corn....

newbie86      ( Date: 04-Aug-2017 08:47) Posted: Sorry 7.11% newbie86      ( Date: 04-Aug-2017 08:45) Posted: Oxley revealed itself.. BB buying for the open market.. that constitutes 7.7% of UE's issued shares which is worth around 120 millions SGD. May not see much of connection yet.

 

So Oxley is the BB, wonder how it translate to the market

 

its the first time for oxley buying quoted shares and with such huge investment, short term trading is unlikely

AttasBoss      ( Date: 04-Aug-2017 08:22) Posted: Very interesting...Oxley bought 45mil shares from open market for consideration of $120m, represent 7.11% of UE share cap.

 

Sorry 7.11%

newbie86      ( Date: 04-Aug-2017 08:45) Posted: Oxley revealed itself.. BB buying for the open market.. that constitutes 7.7% of UE's issued shares which is worth around 120 millions SGD. May not see much of connection yet.

 

Oxley revealed itself.. BB buying for the open market.. that constitutes 7.7% of UE's issued shares which is worth around 120 millions SGD. May not see much of connection yet.

 

Oxley chief is the BB. First IHC, now UE!

lglg666      ( Date: 03-Aug-2017 20:50) Posted: Turned bullish again......Super tricky BB. Crap 💩 lglg666      ( Date: 03-Aug-2017 13:55) Posted: Crap.....gone quiet again, very tricky BB

 

Very interesting...Oxley bought 45mil shares from open market for consideration of $120m, represent 7.11% of UE share cap.

 

I admit that i didn't expect it to go above 2.7. Sold at 2.62. But i still expect it to go below 2.6 when the offer lapse.

 

Turned bullish again......Super tricky BB. Crap 💩

lglg666      ( Date: 03-Aug-2017 13:55) Posted: Crap.....gone quiet again, very tricky BB. lglg666      ( Date: 03-Aug-2017 13:20) Posted: Something is brewing?

 

Most likely got BB coming in to take stake. But again, the white knight may not wan to pay high price like 2.9x or 3. Even if they do, they can take their own sweet time. The noble 5% stake run up also took a while to buy in before the announcement. And that is ONLY if the knight keen for > 5%. If the BB stay @ 4.9%, then they will never be surface and punter could be stuck. Rowsley & other > 5% cases are announce thats why we know, there are many 4.9% stake which need not announce and we dont know. So my 2cts worth is.. be caution if betting on stake buy in.. the bull could turn out to be a bulldog only..

But again, for long time shareholder like us, it make no different  other than smiling at the 2.60 offer..

tonylim      ( Date: 03-Aug-2017 17:23) Posted: The offer at 2.60 will be a total failure.   It hit a high of 2.75 today !   Moving towards $3 ? DinoBullBear      ( Date: 03-Aug-2017 14:03) Posted: Pump & Dump or Taking Stake? Only the later is a bit more beneficial to us being shareholders, it make the offer docu I just recieve look silly..

 

The offer at 2.60 will be a total failure.   It hit a high of 2.75 today !   Moving towards $3 ?

DinoBullBear      ( Date: 03-Aug-2017 14:03) Posted: Pump & Dump or Taking Stake? Only the later is a bit more beneficial to us being shareholders, it make the offer docu I just recieve look silly..

 

Pump & Dump or Taking Stake? Only the later is a bit more beneficial to us being shareholders, it make the offer docu I just recieve look silly..

 

Crap.....gone quiet again, very tricky BB.

lglg666      ( Date: 03-Aug-2017 13:20) Posted: Something is brewing?

 

UE company culture is do things very slowly, not efficient. I know this very well as I have  a share  in UE Square.