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Simply like this:
RNAV from announcement is S$504.4mil. OS current NAV is USD$32.4mil. So possible NAV is 504.4 + 32.4 * 1.33 = S$547.6mil.
Total share after 2:1 consolidation + new issues = 867.5 mil
NAV per share = 63cts. So pre consolidation about 31.5cts.
Liverpool77 ( Date: 15-Jan-2015 16:03) Posted:
| Bro...57% gain on 31.5 cents..may know how to arrived it? |
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Bro...57% gain on 31.5 cents..may know how to arrived it?
There is about $278mil of " possible" unrealised NAV of LINK (THM) in the annoucement. So if the RTO goes through, the fair value of LINK can be between 15.5cts to 31.5cts (pre 2:1 consolidition). LINK seems like a relatively young coy but its $1bil Medini project can be the focus of the coy. This one near 2nd link and not too far from Legoland.
This move should be aiming at raising profile for the coy and funds for the project.
Anyway, if one enters at 13.5cts, there is a risk of 40% of invested capital for a potential 13% gain on 15.5cts or 57% gain on 31.5cts.
Note the MOU lapses in six months.
All these based on the data in the announcement and my own interpretation. DYDD.
sheerluck ( Date: 15-Jan-2015 15:06) Posted:
At 13.5cts, risk premium has now increased to 40%.
When I calculate the 13cts, I didn' t include OS NAV which is about US32mil. Include this into the equation, the value can be seens as 15.5cts. Obviously I am not the expert here because that' s the price it was trading at when this RTO was annouced.
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At 13.5cts, risk premium has now increased to 40%.
When I calculate the 13cts, I didn' t include OS NAV which is about US32mil. Include this into the equation, the value can be seens as 15.5cts. Obviously I am not the expert here because that' s the price it was trading at when this RTO was annouced.
As what u said, will hit 13cts soon... real master!
sheerluck ( Date: 15-Jan-2015 11:13) Posted:
OS has dropped below 13cts. Even at 12.2cts it is still trading at a premium of 27% over its NAV of 9.6cts. If the RTO proceed, then MOS has already emerged. If the RTO is cancelled, you risk that 27% premium.
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OS has dropped below 13cts. Even at 12.2cts it is still trading at a premium of 27% over its NAV of 9.6cts. If the RTO proceed, then MOS has already emerged. If the RTO is cancelled, you risk that 27% premium.
Coming to 13cts. If drop further maybe can pick up some. DYDD.
sheerluck ( Date: 06-Jan-2015 09:42) Posted:
Without dilution will simply be 35.2cts/2. With dilution multiple by it further with 0.741. But market don' t simply work on simlpe math and none of us is right or wrong. Only the market is right and it seems now market is hanging around the mid point of 15cts.
ysh2006 ( Date: 06-Jan-2015 09:31) Posted:
| If simple maths 2:1 at 35.2c than pre console approx 35.2/2=17.6c correct ? why 13c?...still have room to go up mah.. |
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You the real expert !
sheerluck ( Date: 06-Jan-2015 09:15) Posted:
Another RTO...lets see.
Issues new shares at 35.2cts post-consolidation of 2:1. New issue is about 74.1% of enlarged shares so price with dilution pre-conslidation should be about 13cts.
ysh2006 ( Date: 06-Jan-2015 08:05) Posted:
| RTO by Link property firm ...at 35.5c ? is it pre consolidation 2:1 or after ?.. |
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No interest in this counter? Vol so low after initial spike
http://businesstimes.com.sg/stocks/hot-stock-ocean-sky-surges-on-proposed-acquisition-of-property-developer
Hot stock: Ocean Sky surges on proposed acquisition of property developer
6 Jan
10:18 AM
SHARES of Ocean Sky International jumped 13.3 per cent on Tuesday morning, following an announcement that it had entered into a non-binding memorandum of understanding regarding the proposed acquisition of property developer Link Holdings for S$226.3 million....
hoot
jjll1985 ( Date: 06-Jan-2015 11:15) Posted:
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Time to chiong is here!
Jeep small position...see how...
Without dilution will simply be 35.2cts/2. With dilution multiple by it further with 0.741. But market don' t simply work on simlpe math and none of us is right or wrong. Only the market is right and it seems now market is hanging around the mid point of 15cts.
ysh2006 ( Date: 06-Jan-2015 09:31) Posted:
If simple maths 2:1 at 35.2c than pre console approx 35.2/2=17.6c correct ? why 13c?...still have room to go up mah...
sheerluck ( Date: 06-Jan-2015 09:15) Posted:
Another RTO...lets see.
Issues new shares at 35.2cts post-consolidation of 2:1. New issue is about 74.1% of enlarged shares so price with dilution pre-conslidation should be about 13cts.
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Ya, take profit before it goes down... Hurry:)
Wah big gains for some. Just before new year, price force down to below 10 cts, now doing at over 15 cts, it is a fat pig. Better take profit 1st. Good luck.
If simple maths 2:1 at 35.2c than pre console approx 35.2/2=17.6c correct ? why 13c?...still have room to go up mah...
sheerluck ( Date: 06-Jan-2015 09:15) Posted:
Another RTO...lets see.
Issues new shares at 35.2cts post-consolidation of 2:1. New issue is about 74.1% of enlarged shares so price with dilution pre-conslidation should be about 13cts.
ysh2006 ( Date: 06-Jan-2015 08:05) Posted:
| RTO by Link property firm ...at 35.5c ? is it pre consolidation 2:1 or after ?.. |
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Another RTO...lets see.
Issues new shares at 35.2cts post-consolidation of 2:1. New issue is about 74.1% of enlarged shares so price with dilution pre-conslidation should be about 13cts.
ysh2006 ( Date: 06-Jan-2015 08:05) Posted:
RTO by Link property firm ...at 35.5c ? is it pre consolidation 2:1 or after ?...
wendycheong81 ( Date: 05-Jan-2015 22:39) Posted:
| will there be another same stun where it reaches 40cent when ezion wanted to buy it in 2013... |
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RTO by Link property firm ...at 35.5c ? is it pre consolidation 2:1 or after ?...
wendycheong81 ( Date: 05-Jan-2015 22:39) Posted:
will there be another same stun where it reaches 40cent when ezion wanted to buy it in 2013....
wctim9986 ( Date: 26-Dec-2014 10:20) Posted:
looks like smthg big coming....
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will there be another same stun where it reaches 40cent when ezion wanted to buy it in 2013....
wctim9986 ( Date: 26-Dec-2014 10:20) Posted:
looks like smthg big coming....
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