Post Reply
81-100 of 409
The press release on 11/8/22 for 1H2022 results was optimisitic. Howerer, the press release on13/9/22 became pessimistic. Why ?
Think they should at least offer the price at a premium of 3 years high of 42c. That' s also the period where the discussion with the third party for the possible transactions and I believe many people have bought during that period. Luckily did not buy during that period. Abit bueh ki for this offer lower than 42c. Be steady abit management. Even 5% premium to 42c would translate to a much better offer and would not seems like so ' low ball' . lol.
if consider the dividend, then may be still ok. no need to shed lot of tears. just feel kana cheated.
ohm136 ( Date: 14-Sep-2022 13:37) Posted:
|
Those who bought at 38 - 39 cts ps in March/April 2021 and hold on till today will shed tears.
From Lim& Tan :- SMG has been featured amongst one of our 2022 top picks. While the offer price is below our target price of 43 cents/share, we note that in the current depressed market environment, we view the Promoters&rsquo offer as &ldquo Reasonable but not Compelling&rdquo as the &ldquo risk-reward&rdquo at 37cents is equally weighted. While the offer price is not final (and may be subject to revision), we also don&rsquo t want to see it fail the way Frasers Hospitality Trust went through (crashed 22% post deal failure).
We are thus advising short term investors who were lucky enough to buy in before the deal to either accept the cash off er (they will be entitled to the higher price if the Promoters subsequently revise the off er price upwards), await the recommendation on of the Independent Financial Advisers or &ldquo Take Profit&rdquo if price goes above the off er price. Medium to Longer term investors can opt to go private with the Promoters via private ownership of the company
We are thus advising short term investors who were lucky enough to buy in before the deal to either accept the cash off er (they will be entitled to the higher price if the Promoters subsequently revise the off er price upwards), await the recommendation on of the Independent Financial Advisers or &ldquo Take Profit&rdquo if price goes above the off er price. Medium to Longer term investors can opt to go private with the Promoters via private ownership of the company
kiseki_2818 ( Date: 14-Sep-2022 10:42) Posted:
|
Ok I also hold on. Let them revise to 40c and above yea? Cheers
agree. last time same thing happen to capitaland.
that allow me to get price lower than offer price, very good profit.
that allow me to get price lower than offer price, very good profit.
chiachiawee ( Date: 14-Sep-2022 09:22) Posted:
|
kiseki_2818 ( Date: 14-Sep-2022 10:33) Posted:
|
i hold on first. sell price only 0.37, my condition is greater or equal to 50c.
may be load a bit more at 0.35 to 0.36
think they eventually need to change the offer to 0.40 and above.
may be load a bit more at 0.35 to 0.36
think they eventually need to change the offer to 0.40 and above.
AttasBoss ( Date: 14-Sep-2022 09:09) Posted:
|
Agreed. Pathetic offer !
Yes. yet ppl cashing out at 36.5c and even 36c. Lol so eager. 37c is already the worst possible offer and so the least I would sell is 37c and in the q. wait them to clear.
ahberngh ( Date: 14-Sep-2022 09:07) Posted:
|
now still below 40c. can considering scoop more?
kiseki_2818 ( Date: 13-Sep-2022 15:22) Posted:
|
Free float is 48.9%.
So far, 51% has committed to accept the consortium' s offer.
That is to say, the consortium members are themselves accepting their own offer.
With 48.9% minority shareholders, quite easy to deny such a shitty, degrading, opportunistic
low ball offer.
I refused the offer.
Wait and see.
Just my opinion, please dyodd.
So far, 51% has committed to accept the consortium' s offer.
That is to say, the consortium members are themselves accepting their own offer.
With 48.9% minority shareholders, quite easy to deny such a shitty, degrading, opportunistic
low ball offer.
I refused the offer.
Wait and see.
Just my opinion, please dyodd.
Waiting their open market buying at 37c to scoop my shares. Pls do. Thanks.
However it also mean the management has failed to unlock value in the past when it?s performance are much better. And the buyout could have been done at higher valuation and supposedly based on 2021 full year result. So yeah still a low ball offer. Haha.
chiachiawee ( Date: 14-Sep-2022 08:08) Posted:
|
Based on HY 2022 result the EPS just 1.29c. If we annualise it is around 2.58c, that is provided the bottom line stays the same but unlikely as we can see the inflationary pressure and rising cost did hit into the margin badly. And the macro situation still evolving. Given the offer at 37c, the management probably buying it at 14-15 Forward PE, which seems to be reasonable amid this unfavorable environment.
So shameful to give such a low offer! Look at Moya generous offer!!
n3wbie ( Date: 13-Sep-2022 22:09) Posted:
|
Let' s see how the market reacts tomorrow - the sell-off tonight is probably in their favour though.
chiachiawee ( Date: 13-Sep-2022 23:26) Posted:
|
How high is the chance that the retailers don?t accept and don?t sell the shares resulting in the share price trading higher than 37c and that the consortium will have to revise its offer to match the market price?
The offer price does not seem to be final - given the recent failure of FHT, perhaps companies doing MBO should offer something more generous to shareholders. The issue with this stock is that it does not have many institutional investors so the fate will likely be upon retail.