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Somehow, I tend to think this type cld be wayang one.
AttasBoss ( Date: 22-Sep-2018 23:08) Posted:
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Don understand got ppl surrender at 2.10 to the owner, more than a stupid
Problem is usually that, the richer one is, the more calculating he becomes. So, they wld probably try all kinds of tactics to squeeze minorities on the cheap.
iinvestor ( Date: 22-Sep-2018 20:58) Posted:
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Wheelock (Singapore) is a drop in the bucket for HK parent. The SG book value is only 5% of the HK parent equity of HKD$270b or S$42b.
They MUST pay fair value and that means at least book value!
Many SG shareholders AGREE, judging by the extremely low take-up rate. Haha!
They MUST pay fair value and that means at least book value!
Many SG shareholders AGREE, judging by the extremely low take-up rate. Haha!
What make me really look down on their cheapskate is that the highest price was $2.10 not long before the GO, and yet they have face to offer at $2.10
Use the knees to think will know those bought at $2.10 will surrender?
Use the knees to think will know those bought at $2.10 will surrender?
For this GO exercise, DBS, IFA & ID have failed miserably in their roles.
Instead being independent and come up with a fair offer for minorities, they have choosen to kowtow to the Offeror instead and make a mockery out of GO process.
Is SGX still asleep?
Instead being independent and come up with a fair offer for minorities, they have choosen to kowtow to the Offeror instead and make a mockery out of GO process.
Is SGX still asleep?
i think they will revise, it would be very shameful on their part to close the offer with only 3% acceptance. so much time, money, fees to lawyers, bankers, advisors for only a pitiful acceptance rate
If they were to revise their offer upwards to 2.6, star attractions still do not need to fork out any cash as wheelock is so so cash rich!
all just have to be patient and hold your wheelock shares tightly! Unite and dont tender your shares to them!!
If they were to revise their offer upwards to 2.6, star attractions still do not need to fork out any cash as wheelock is so so cash rich!
all just have to be patient and hold your wheelock shares tightly! Unite and dont tender your shares to them!!
Their intention is clearly to get as much acceptance at $2.10 as possible.
But the reality is acceptance is far from their target.
Keep in mind, if they have no intention to revise, $2.10 would ve been stated as final offer and the privatization will fail.
WIth merely 3.1% acceptance, barganing power is on minorities' side.
But the reality is acceptance is far from their target.
Keep in mind, if they have no intention to revise, $2.10 would ve been stated as final offer and the privatization will fail.
WIth merely 3.1% acceptance, barganing power is on minorities' side.
AttasBoss ( Date: 22-Sep-2018 08:45) Posted:
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7 Sep 18 1st closing
21 Sep 18 2nd closing
28 Sep 18 3rd closing
9 Oct 18 final closing
Revise or no deal, only Star knows.
Dont put so much hope, can sell now pls sell.
21 Sep 18 2nd closing
28 Sep 18 3rd closing
9 Oct 18 final closing
Revise or no deal, only Star knows.
Dont put so much hope, can sell now pls sell.
There is no same basis comparison.
Some details r just ignorance by people.
Some details r just ignorance by people.
Qanghoo ( Date: 13-Sep-2018 20:48) Posted:
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Vard case it keep on extension few times with no revise offer ...cases also had
for LC Dev first RTO also extended several times without revision.....
AttasBoss ( Date: 13-Sep-2018 21:09) Posted:
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If everyone thinks the same way then no chance to buy at 2.14
SmallSmall ( Date: 13-Sep-2018 21:25) Posted:
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$2.14 is a good entry point with a $0.04 downside (if no revision) and a potential upside of maybe $0.05 to $0.15. I am game for this. I do not think they will extend further without revising the offer price. This is different from Vard.
There must be some basis and timeframe for offeror to make an extension.
For wheelock, there is not much acceptance as of today.
For wheelock, there is not much acceptance as of today.
Qanghoo ( Date: 13-Sep-2018 20:48) Posted:
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Think wat he means is that they are trying their luck n wat n hope it happens.
AttasBoss ( Date: 13-Sep-2018 20:40) Posted:
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When will be a crash?
ysh2006 ( Date: 13-Sep-2018 20:11) Posted:
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Will they follow Vard style extend and extend again ?...untill market crashed than everybody throw to him ?
AttasBoss ( Date: 13-Sep-2018 19:50) Posted:
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Yawning day. Wondering 2.30 or 2.40 final offer
This has come to my mind too. But the thing is how are Star going to disburse them the difference?
Yes DBS will disburse the $2.10*no. Of shares.
But how about the losses of the 'associate'? It must be come out from one company account, this will make the whole deal even more complicated should this ever happen, of coz i believe they will comply the rule as always.
Yes DBS will disburse the $2.10*no. Of shares.
But how about the losses of the 'associate'? It must be come out from one company account, this will make the whole deal even more complicated should this ever happen, of coz i believe they will comply the rule as always.
Qanghoo ( Date: 10-Sep-2018 07:59) Posted:
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In the business world, there are many ways to beat the rules n transparency glare, etc. Can they not get friends n relatives, etc, etc to buy from mkt at current px n then these ' colluders' accept the offer at 2.10? Wld still be cheaper, wldn' t it? N who' s to know? I' m not suggesting that this is actually happening, but thinking aloud that even if such manipulations take place in takeovers, who' s the wiser. The only losers are unprotected small-fry investors ......
AttasBoss ( Date: 09-Sep-2018 09:42) Posted:
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