Wheelock Prop   

More than 75% controlled by hongkong

If fail price drop back to July price ? Will know by Friday evening...

iinvestor      ( Date: 24-Sep-2018 10:14) Posted: By sticking to its lousy offer, those long term shareholders and funds will not bite. Hope the offer fails and not let them succeed.

 

By sticking to its lousy offer, those long term shareholders and funds will not bite.

Hope the offer fails and not let them succeed.

 

indeed its over, many surrendered their shares .
extended date but should be useless. next counter everyone.
 

ysh2006      ( Date: 24-Sep-2018 09:33) Posted: Game over loh no revise offer price and close on Friday!! ccakg88      ( Date: 23-Sep-2018 19:59) Posted: Be patient. Dont tender your shares to them. Star attractions will increase their offer soon, likely by the end of the end of next week. Because if they do not manage to get enough acceptance to delist wheelock, they would have to wait another 6 months. by that time, sales from their china project would be recognised and the company would be trading at a larger discount to NAV (and RNAV), and they would need to offer much much higher. so, they will increase their offer soon (likely end of next week) to get 90% acceptance so that they wont need to wait till next year and offer at above 3 dollars.

 

Game over loh no revise offer price and close on Friday!!

ccakg88      ( Date: 23-Sep-2018 19:59) Posted: Be patient. Dont tender your shares to them. Star attractions will increase their offer soon, likely by the end of the end of next week. Because if they do not manage to get enough acceptance to delist wheelock, they would have to wait another 6 months. by that time, sales from their china project would be recognised and the company would be trading at a larger discount to NAV (and RNAV), and they would need to offer much much higher. so, they will increase their offer soon (likely end of next week) to get 90% acceptance so that they wont need to wait till next year and offer at above 3 dollars.. Qanghoo      ( Date: 23-Sep-2018 11:12) Posted: Thx, brother.  Think I' ll do the same

 

Thx, pal.  I' ve taken note .....

ccakg88      ( Date: 23-Sep-2018 19:59) Posted: Be patient. Dont tender your shares to them. Star attractions will increase their offer soon, likely by the end of the end of next week. Because if they do not manage to get enough acceptance to delist wheelock, they would have to wait another 6 months. by that time, sales from their china project would be recognised and the company would be trading at a larger discount to NAV (and RNAV), and they would need to offer much much higher. so, they will increase their offer soon (likely end of next week) to get 90% acceptance so that they wont need to wait till next year and offer at above 3 dollars.. Qanghoo      ( Date: 23-Sep-2018 11:12) Posted: Thx, brother.  Think I' ll do the same

 

Be patient. Dont tender your shares to them. Star attractions will increase their offer soon, likely by the end of the end of next week.

Because if they do not manage to get enough acceptance to delist wheelock, they would have to wait another 6 months. by that time, sales from their china project would be recognised and the company would be trading at a larger discount to NAV (and RNAV), and they would need to offer much much higher.

so, they will increase their offer soon (likely end of next week) to get 90% acceptance so that they wont need to wait till next year and offer at above 3 dollars..

Qanghoo      ( Date: 23-Sep-2018 11:12) Posted: Thx, brother.  Think I' ll do the same. ysh2006      ( Date: 23-Sep-2018 10:36) Posted: Close to 80% now the boss may say take it or leave it next week....I shall wait for market correction next year than collect another 5% lah..

 

Thx, brother.  Think I' ll do the same.

ysh2006      ( Date: 23-Sep-2018 10:36) Posted: Close to 80% now the boss may say take it or leave it next week....I shall wait for market correction next year than collect another 5% lah... Qanghoo      ( Date: 22-Sep-2018 18:49) Posted: Yep, thx.  I sam the announcement today, which was posted after my post in Sj

 

Close to 80% now the boss may say take it or leave it next week....I shall wait for market correction next year than collect another 5% lah...

Qanghoo      ( Date: 22-Sep-2018 18:49) Posted: Yep, thx.  I sam the announcement today, which was posted after my post in Sj. ysh2006      ( Date: 22-Sep-2018 17:28) Posted: Have announced later lah,only 3.1% people want , next week game over ,return all shares to us and remain listed ? wait for another time lah..

 

Yep, thx.  I sam the announcement today, which was posted after my post in Sj.

ysh2006      ( Date: 22-Sep-2018 17:28) Posted: Have announced later lah,only 3.1% people want , next week game over ,return all shares to us and remain listed ? wait for another time lah... Qanghoo      ( Date: 21-Sep-2018 20:36) Posted: Extended again for a wk.  But this time no announcement on level of acceptance.  So, what is the actual rule (or even just practice) governing the neex or otherwise of making such disclosures?  How do we talk abt safeguarding interests of minorities in ths mkt?  Equally importaltly, we keep feverishly preaching abt transparency.  When it comes to the actual test though, everyone buat bodoh it seems .....

 

Have announced later lah,only 3.1% people want , next week game over ,return all shares to us and remain listed ? wait for another time lah...

Qanghoo      ( Date: 21-Sep-2018 20:36) Posted: Extended again for a wk.  But this time no announcement on level of acceptance.  So, what is the actual rule (or even just practice) governing the neex or otherwise of making such disclosures?  How do we talk abt safeguarding interests of minorities in ths mkt?  Equally importaltly, we keep feverishly preaching abt transparency.  When it comes to the actual test though, everyone buat bodoh it seems .....

 

Extended again for a wk.  But this time no announcement on level of acceptance.  So, what is the actual rule (or even just practice) governing the neex or otherwise of making such disclosures?  How do we talk abt safeguarding interests of minorities in ths mkt?  Equally importaltly, we keep feverishly preaching abt transparency.  When it comes to the actual test though, everyone buat bodoh it seems .....

 

If you do take note of the transactions Everyday recently, there is an unknown hand accumulating the shares between 2.15/2.17. So my interpretation is that once this unknown hand has accumulated sufficient shares to sell to WL when WL increases the offer price, which may not be much, WL would have owned more than 90% which makes its offer conditional.

in short WL would increase its offer price, but by how much?

 

If $2.20 their acceptance rate will probably increase by 0.01%
Measly offer = Measly acceptance

Apart from the property counter share price plunge due to ABSD recently the timing of the offer seems intended to preempt any new ruling that may kick in:
https://www.businesstimes.com.sg/stocks/sgx-mulls-new-rule-to-protect-minority-shareholders-in-delistings

And if this round privatization falls through, Wheelock book value will increase significantly due to revenue recognition from Fuyang as more units are handed over.  Revenue from sale of development properties in China is recognised upon the handover of ownership to purchasers unlike Singapore where revenue is recognised on the percentage of completion method.

Surely we re not that naive to believe their BS about " Greater flexibility to manage business of the company" rationale for the offer.

ysh2006      ( Date: 08-Sep-2018 16:08) Posted: Why did to open many thread leh....another two weeks maybe game over liow but the take up rate very low suggesting Wheellock either up stick or leave it....chances up stick but the most I think $2.20 lah..

 

DBS is the adviser for WL privatisation and in my opinion, it has failed terribly. Imagine 
only 1.37% take up rate. 

 

Why did to open many thread leh....another two weeks maybe game over liow but the take up rate very low suggesting Wheellock either up stick or leave it....chances up stick but the most I think $2.20 lah..

 

Well said. Most importantly there is 900mil cash in wheelock book, if they liquidate their quoted shares, it can easily balloon to $1300mil!! With the offer $600mil, they need not pay any cash but net cash inflow!

godfather8      ( Date: 07-Sep-2018 23:39) Posted: Per share value is at least $2.60. I wont settle for measly $2.30. From the moment the offeror announced the offer they have deployed all sort of tactics from a ridiculously low ball offer to offer extension despite such low acceptance just to lower minorities expectation. We wont fall for such tricks. $50 mil is just 1 year rental from Scotts Sq and Wheelock Place. With such low acceptance, for them to cross 90%, they would at least need to offer $2.60.

 

Just hoping that all minority dont accept the offer, with the advance social media today at least there is a platform for the minority to gather info and have the same goal

Qanghoo      ( Date: 07-Sep-2018 23:56) Posted: Haha, they are sure not dumb.  But they' d be dumb to think minorities are dumb.    So, stay tuned for more .... AttasBoss      ( Date: 07-Sep-2018 23:42) Posted: Surely the hk boss is not dumb, they are trying to get as cheap as possible, just same like everyone here bargaining price at the market. In the end depends who give up 1st. So hold on tight

 

Haha, they are sure not dumb.  But they' d be dumb to think minorities are dumb.    So, stay tuned for more ....

AttasBoss      ( Date: 07-Sep-2018 23:42) Posted: Surely the hk boss is not dumb, they are trying to get as cheap as possible, just same like everyone here bargaining price at the market. In the end depends who give up 1st. So hold on tight. Qanghoo      ( Date: 07-Sep-2018 23:33) Posted: Yup.  The maths goes like this .... pay another 57 mil n get  > 140 mil in return since each share is worth 2.60+ forego the 57 mil n get nothing cos no one' s gonna bite at current offer px.  Are the HK businessmen that dumb?  I don' t think so.  So,  let' s hold on tight  for now .....

 

Surely the hk boss is not dumb, they are trying to get as cheap as possible, just same like everyone here bargaining price at the market. In the end depends who give up 1st. So hold on tight.

Qanghoo      ( Date: 07-Sep-2018 23:33) Posted: Yup.  The maths goes like this .... pay another 57 mil n get  > 140 mil in return since each share is worth 2.60+ forego the 57 mil n get nothing cos no one' s gonna bite at current offer px.  Are the HK businessmen that dumb?  I don' t think so.  So,  let' s hold on tight  for now ...... AttasBoss      ( Date: 07-Sep-2018 23:08) Posted: Like i said just pay another $57 mil to up another 20c per share and it is peanut for them. They are stil net net cash in pocket, close the deal and we minority will say: thank u very much

 

Per share value is at least $2.60. I wont settle for measly $2.30.
From the moment the offeror announced the offer they have deployed all sort of tactics from a ridiculously low ball offer to offer extension despite such low acceptance just to lower minorities expectation. We wont fall for such tricks.
$50 mil is just 1 year rental from Scotts Sq and Wheelock Place. With such low acceptance, for them to cross 90%, they would at least need to offer $2.60.