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No coincidence.... price gone up after I posted... it will be back to a dollar stock, soon..
And I will tell you why. Just don' t mock or imitate the coffee shop uncles.
And I will tell you why. Just don' t mock or imitate the coffee shop uncles.
LongXia ( Date: 22-May-2022 11:30) Posted:
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Like this some former said Ong BS sure win and delist this reit and later like "Dream Cruise " sail again ?
yeah my teh tarik stall owner was telling me that he believes there will be assets pump in, now that the possibility to take the existing reit private first and then relist in a new package to gain a better IPO price is fraught with lots of uncertainty in view of market situation. My teh tarik stall owner is willing to offer me 6 complimentary drinks as he is confident. hmmm.... wondering whether to do a deal with him 
LongXia ( Date: 22-May-2022 11:30) Posted:
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I don' t normally post on weekend... but I thought I give my view on this.
if you hv bought it low, say at $0.80 plus, then maybe u want to cash out considering the offer is above nav.
But if you are an adventurous guy, got holding power, you may want to wait abit longer.
if the coffee shops uncles are to believe, there will be a major corporate move after offer is over.
The mandatory cash offer was made or has to be made because in its bid to take over SPH OBS consortium
has effectively crossed the mandatory takeover threshold.... we believe it is its intention to keep the reit listed, and then decided on who will take over the prize among the members of the consortium. Note that Capitaland and Mapletree are among the vultures. However, it is common knowledge that OBS is very interested in Paragon.
pdyohwadfmb
if you hv bought it low, say at $0.80 plus, then maybe u want to cash out considering the offer is above nav.
But if you are an adventurous guy, got holding power, you may want to wait abit longer.
if the coffee shops uncles are to believe, there will be a major corporate move after offer is over.
The mandatory cash offer was made or has to be made because in its bid to take over SPH OBS consortium
has effectively crossed the mandatory takeover threshold.... we believe it is its intention to keep the reit listed, and then decided on who will take over the prize among the members of the consortium. Note that Capitaland and Mapletree are among the vultures. However, it is common knowledge that OBS is very interested in Paragon.
pdyohwadfmb
Ong BS already got more than 50% ...just a show to offer a price ...
leeketon ( Date: 21-May-2022 11:55) Posted:
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Lousy counter . IPO price is 88 ct or 91 ct
Laggard all the way
Laggard all the way
leeketon ( Date: 21-May-2022 11:55) Posted:
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Temasek is smart to buy assets from Singkies at cheap prices, while paying premium to foreign companies.
Minimum price $1.15 can consider
beidou ( Date: 21-May-2022 12:33) Posted:
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SPH Reit is one of the few still surviving so DONT SELL!!!...Its worth much more...anyway its a technical offer to shareholders like APAC REALTY...where thevoffer price is way too low!!...So the offer is made because these companies that hold too much shares need to offer a buy out..that does not mean present small share holders have to be stupid to accept their low ball prices!!!..SO DONT SELL !!! Sph Reit..(and DONT SELL APAC REALTY either)!!!
They privatise Sph in the midst of a pandemic at pandemic pricing. Is this not a mean deal?
I keep because I felt the offer price is too low.
Seeking advice...Now Cuscaden is offering to buy up all SPHREIT shares at 0.9372/share. Should we let go or to hold on?
Thanks.
Thanks.
TA_Expert ( Date: 19-May-2022 08:41) Posted:
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The govt and the management are smart.
Sell the crown jewel at cheap price.
Sell the crown jewel at cheap price.
Now SPH property is in good hand of the new group.
Most likely tomorrow, for those who opt for full cash.
Sph will be delisting on 13 May may know has it credit our cash portion into our account ?
Cuscaden makes chain offer for SPH Reit at 93.72 cents per unit, 3.9% below last traded price
Cuscaden Peak will offer to acquire SPH Reit at 93.72 cents per unit, which is the minimum offer price required after adjusting for recent SPH Reit distributions.
The offer price is 3.9 per cent below SPH Reit' s last traded price of 97.5 cents on Thursday (April 28). It is also 2.8 per cent below the real estate investment trust' s (Reit) daily volume-weighted average price (VWAP) over the last month.
The offer by Cuscaden is required by the Singapore Code on Takeovers and Mergers, as Cuscaden and its concert parties would own 47.2 per cent of SPH Reit following the completion of an offer by Cuscaden to take Singapore Press Holdings (SPH) private.
The minimum chain offer price was determined by the daily VWAP of SPH Reit for the 20 trading days prior to Cuscaden' s initial announcement of the proposed offer for SPH, on Oct 29, or whatever number of trading days there were within the 30 calendar days prior.
Cuscaden has also exercised its right to reduce the minimum price by distributions paid on or after Nov 15, which was when the scheme for the SPH offer was announced.
The offer is, however, conditional upon Cuscaden and its concert parties holding more than 50 per cent of SPH Reit at the close of the offer.
Cuscaden said it does not intend to " actively pursue the delisting of SPH Reit" . Nevertheless, if the free float requirement that 10 per cent of units are held by the public is not satisfied, Cuscaden will proceed to compulsorily acquire all outstanding units and delist SPH Reit.
Cuscaden is a consortium comprising locally listed hotel and property owner Hotel Properties, businessman Ong Beng Seng and two Temasek-linked entities - CLA and Mapletree Investments - whose businesses span the real estate sector. SPH' s assets, which include student lodgings and malls, could be attractive additions to the consortium members' portfolios.
Cuscaden Peak makes cash offer of 93.72 cents for SPH REIT units after adjusting for distributions
Felicia TanFri, Apr 29, 2022 &bull 8:19 AM GMT+08 &bull
Cuscaden Peak has made a cash offer of 93.72 cents for each SPH REIT on April 28.
The offer price has been adjusted for the distributions of 1.24 and 1.44 cents per unit in the 1QFY2022 and 2QFY2022 respectively, from the minimum chain offer price of 96.4 cents.
The cash offer is 3.88% lower than SPH REIT&rsquo s last-closed unit price of 97.5 cents on the same day.
It is also 2.8% lower than the volume weighted average price (VWAP) over the last month.
The offer is conditional upon Cuscaden holding over 50% of the units in the REIT. The offer will not be declared unconditional till its close.
While Cuscaden doesn&rsquo t presently intend to delist the REIT, it says it will not undertake or support any action to lift the trading suspension by the SGX-ST should the free float requirement not be satisfied at the close of the chain offer, where trading of the REIT&rsquo s units will be suspended under the listing rules.
Should Cuscaden receive valid acceptances from unitholders holding 90% of the units in the REIT, it has indicated its intention to exercise its right to acquire the rest of the offer units and delist the REIT from the SGX-ST.
Units in SPH REIT closed flat at 97.5 cents on April 28.
Cuscaden Peak has made a cash offer of 93.72 cents for each SPH REIT on April 28.
The offer price has been adjusted for the distributions of 1.24 and 1.44 cents per unit in the 1QFY2022 and 2QFY2022 respectively, from the minimum chain offer price of 96.4 cents.
The cash offer is 3.88% lower than SPH REIT&rsquo s last-closed unit price of 97.5 cents on the same day.
It is also 2.8% lower than the volume weighted average price (VWAP) over the last month.
The offer is conditional upon Cuscaden holding over 50% of the units in the REIT. The offer will not be declared unconditional till its close.
While Cuscaden doesn&rsquo t presently intend to delist the REIT, it says it will not undertake or support any action to lift the trading suspension by the SGX-ST should the free float requirement not be satisfied at the close of the chain offer, where trading of the REIT&rsquo s units will be suspended under the listing rules.
Should Cuscaden receive valid acceptances from unitholders holding 90% of the units in the REIT, it has indicated its intention to exercise its right to acquire the rest of the offer units and delist the REIT from the SGX-ST.
Units in SPH REIT closed flat at 97.5 cents on April 28.
So the chain offer will only happen if ALL the SPH shareholders opt for All-Cash? Thought that is a pretty hard condition since the default is the hybrid SPH REIT + Cash offer. Do alert if I am reading this wrong. Thanks.