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07-Mar-2017 16:34

Healthway Med / healthway, healthy?

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I have already received the offer document.... nothing wrong with the offer. I' m just not familiar with the requirement on providing updates regarding the take-up rate.

yingtai ( Date: 07-Mar-2017 12:06) Posted:

Better not touch this. Lippo hasnt made any update of shares acquire on this counter for the past 1 week. Sounds not right with the high volume trading before.

nngeeh ( Date: 07-Mar-2017 11:39) Posted:

I thought the they will need to make daily announcement ... if Lippo' s share keep going up ... might want to invest more.

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07-Mar-2017 11:39

Healthway Med / healthway, healthy?

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I thought the they will need to make daily announcement ... if Lippo' s share keep going up ... might want to invest more.

yingtai ( Date: 07-Mar-2017 11:24) Posted:

Most likely is not Lippo behind. Capuld be Gateway.

nngeeh ( Date: 07-Mar-2017 10:33) Posted:

Does anyone know when will they start announcing the " Dealings Disclosure" and how much has Lippo accumulated so far? I thought they will need to disclose this on daily basis?

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07-Mar-2017 10:33

Healthway Med / healthway, healthy?

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Does anyone know when will they start announcing the " Dealings Disclosure" and how much has Lippo accumulated so far? I thought they will need to disclose this on daily basis?

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06-Mar-2017 10:38

Healthway Med / healthway, healthy?

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Even if the share will get diluted when Lippo take over, it' ll still be a better scenario than to let the current directors continue to run this coy.

Daxtheman ( Date: 06-Mar-2017 08:39) Posted:

I believe this are all pre-planned to help lippo become controlling shareholders. The SGX query should pressure them to sell to lippo. Should see some news soon?

nngeeh ( Date: 06-Mar-2017 08:02) Posted:

All I see is 2 big giant fighting to gain control over a company that has no money and risk of bankruptcy. If the risk is really so high... why will Lippo still willing to pump $6M recently to accumulate the share to fight Gateway which has the upper hand now and willing to invest another possible 50-100 million as part of the offer. We are talking about Lippo that owns billion of investment... and not the tiny fund house. If there is no potential... and there is a risk of losing all, why will Gateway be willing to loan out $70million? There must be great potential to attract big giant like Lippo to go to this extend over a penny stock. Beside IHC... have you seen Lippo going to his extend over a penny stock

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06-Mar-2017 10:35

Kingboard Copper / Kingboard trading halt extended.

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The minority shareholder that won the court case - Annuity & Life Re Holdings Ltd only owns 2.48%.

KC is trying to throw a low ball, and stick out other shareholders. If they are able to secure 95%, they can do a compulsory buyout at 0.4. This will prevent them from having to offer higher price.

Annuity got the share via IPO at 0.5+ and definitely won' t settle at lower price than that as the NAV is 0.6+. If KC is unable to get above 95%, and since they make the offer, they know they will lose the appeal (due to unfavourable E& Y report), they will need to up the buyout offer to a reasonable price which could be anywhere from 0.5 to 0.63.

However, if they can secure 95% now, there is nothing Annuity can do. I' ll hold on to my share as of now.

tankookoo ( Date: 06-Mar-2017 10:29) Posted:

Contra players will sell, weak holders will sell after struck for long time.

Buyers will not buy too high in case there is no better offfer price. 40.5/41 is just right price to fight...

dataminer ( Date: 06-Mar-2017 09:51) Posted:

Now bid is at 0.405. I think there is a deal by controlling shareholder to bid higher.

Say I want to sweeten the deal to minority shareholders holding 10% share. I would tell them, I bid higher than $0.40 to give you a better deal. However, I need you to sell to me at the open market. If i am minority shareholder, I might be persuaded to sell. Why? Because if controlling shareholder withdraw the offer at 0.405, the price will fall to $0.40.

Would you sell? Because if the controlling shareholder garner enough shares at 90%, it can force the rest of the shareholder to sell them at $0.40.

But wait....

If those who currently bid at 0.405 is not from the controlling shareholder, but from another fund or existing fund who is a minority shareholder?
Wow... then it is saying to the controlling shareholder, your offer is no good. The market is telling the controlling shareholder you need to bid higher to make this offer work.

Then the question is, who are selling now?

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06-Mar-2017 08:02

Healthway Med / healthway, healthy?

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newbieinvestor ( Date: 05-Mar-2017 22:55) Posted:

i think we not see big picture. company is no more money. must faster take $28m cash. if can borrow $28m and must pay 16.5% interest = $4.6m interest one year. Company one year profit $0.1m cannot pay interest. So borrow $28m not solve company problem. Company still bankrupt.

Solution is not pay back loan. Solution is convert loan to shares.

Why amount is $70m? Is it so convert $70m = 47.4%? you can buy share up to 4.9% no need declare. 47.4% + 4.9% = 52.3%.

Same like Lippo VGO. Gateway also die die want 50%. Cannot less. More than 50% is full control the company. HMC director borrow $70m is to help Gateway take control. But he clever. Do with the borrowing not do like Lippo with the VGO. Borrowing no need shareholder approval. Director borrow already shareholder got no need to want to agree for conversion. No convert also cannot la. Where to find $100m to pay back Gateway? I hold the gun in your face, you want to vote for me or not? You can say no? pui

teeth53 ( Date: 05-Mar-2017 18:37) Posted:

@0.042c. Buy price $103m. If 50% = needed $51.5m.

Why borrow $70m n pay back $70m?. When they needed only $28m?.

Raidy' s, assuming own more 21%+ share in HMC, n paid d highest, abt 0.04180 cent per share (See SGX news)

So Raidy' s need another 29% ++ @0.042 cents to secure total control from open mkt buying

Noted: Based on shr-holding (%) is computed based on the Coy' s issued share capital of 2,460,234,183

So Raidy s needed 714,000,000 mil shr (29%), about $30 mil dollars more, to pass 50%, to take control.

Give it a thot. Hope others can come up with some opiinion for a better elaboration.

Just sharing what is going through my mind.

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05-Mar-2017 11:50

Healthway Med / healthway, healthy?

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I don' t trust the directors of Healthway.... but I trust Lippo. They won' t enter this fight against GW if they don' t have strategy and they make the offer after the announcement of loans agreement with Gateway.

I believe their Low offer of 0.042 is taking into consideration of the enormous shares that Gateway will be getting if they convert it to share. Now... is to see if GW will bite or will fight Lippo.

ecekca ( Date: 03-Mar-2017 23:43) Posted:

danger stock. stay away

no idea why lippo wants to buy... this biz not easy to turn around..

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04-Mar-2017 12:36

IPO / NikkoAM-STC Asia REIT

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5% is not attractive at all. Similarly, I can invest in multiple REIT in SG... and spread out across different countries, different asset - hospitality, commercial, retail, industrial and yet still get 7%.

marubozu1688 ( Date: 04-Mar-2017 11:01) Posted:

A new REIT ETF is coming!

http://mystocksinvesting.com/singapore-reits/nikkoam-stc-asia-reit/nikkoam-straitstrading-asia-ex-japan-reit-etf-ipo/

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03-Mar-2017 12:04

Kingboard Copper / Kingboard trading halt extended.

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I thought the court has already ordered KC to buy the shares from the minority and this is before E& Y has completed the study.

KC is appealing against the court order ... but as the E& Y' s report is not favourable, it is highly unlikely that the court will reverse the decision. This order to buy back will also extend to all minority shareholder. Since it is highly unlikely that they will be succesful, instead of spending more time/ money, i think they will just make an offer. The question is how high is the offer....

dataminer ( Date: 03-Mar-2017 11:33) Posted:

U can read the report from E&Y. It did say they are not able to get full disclosure on the dealings that Harvest and KC.

There are many issues raised on the audit committee and its dealings. While it does not look good for KC, it does not mean the court will force KC to be privatised. But having KC privatised serves KC better as it does not have to deal with public disclosure of its biz.

KC has also recently passed the resolution for share buy back. Therefore, even if the court rules in KC favour, there is going to be support for the share price.

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02-Mar-2017 09:14

Healthway Med / healthway, healthy?

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The latest is IHC. Their other counters include OUE, OUE HT, OUE Commercial Reit, Lippo Reit, First Reit... are some of their holding in SGX. They hold are $15 billion investment

happyharvest ( Date: 02-Mar-2017 08:35) Posted:

At this kind of price means higher price? How much lippo controlled coy trade?

nngeeh ( Date: 02-Mar-2017 08:15) Posted:

Sure hope Lippo will be successful in taking over Healthway. They pumped in 12mil since 28 Dec. So far, haven' t seen any Lippo controlled coy that is trading at this kind of pricing.

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02-Mar-2017 08:15

Healthway Med / healthway, healthy?

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Sure hope Lippo will be successful in taking over Healthway. They pumped in 12mil since 28 Dec. So far, haven' t seen any Lippo controlled coy that is trading at this kind of pricing.

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01-Mar-2017 20:17

Healthway Med / healthway, healthy?

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Is Lippo buying? Or Gateway? Or other BB?

If Lippo is buying... it will need to make announcement..... if gateway is buying... we will soon see a fight between Lippo and Gateway.

Doesn' t make sense for Lippo to queue at 0.43 and 0.44 as it will make shareholders not willing to accept 0.42. I am agreeable that this counter will be interesting in weeks to come.

Daxtheman ( Date: 01-Mar-2017 19:08) Posted:

The volume that came in about 2pm was assuring. Shows that the BBs are in the action now.
Past 2 days, it seems to be all retailer play and panic selling and taking profit for some.

Should be an interesting few weeks coming up for this counter.

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01-Mar-2017 18:09

Healthway Med / healthway, healthy?

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The offer announcement is already out ... meaning Lippo needs to make the offer, and will need approval if they wish to withdraw it.

In the offer, they already mentioned that they will extend it to gateway. Lippo is already aware of the situation, and aware of the scenario where gateway provide the loan. If they already know about the bankrupcy scenario, and yet they accumulate to more than 10~20%, and proceed to make the offer, i believe Lippo is well prepared to make this work. With their financial, 100M~200M is peanut to them. They just took over control of IHC.

I think it is highly possible that gateway will provide the loan, and take the offer of Lippo. As long as Lippo is the main shareholder, the coy will do well in future. If you look at other medical counters - HMI, Singapore O& G, SingMedical .... it' s all trading above the NAV with very high PE. Lippo knows that once they have taken over ... with their backing .... in mid term ... Healthway will be trading similar valuation similar to HMI, Singapore O& G, SingMedical. Just look at IHC, and how fast it has risen from 0.06 to 0.1+

Again, once the offer has been made, they will need approval before they can withdraw the offer. If they offer, they mean business. I' m not worry about bankrupcy .... if Lippo is still accumulating till 10~20%, and they have all the financal expert providing advice .... why should we worry ... unless the price is already way overvalue. We are only talking about 0.044 ...

newbieinvestor ( Date: 01-Mar-2017 16:34) Posted:

Lunch time see broker friend. She say company going bankrupt. When say going concern means nice word for bankrupt la.

The Board, taking into consideration the current uncertainty as to whether CoC Event A or the Change of Control Redemption would occur and on the assumption that the Initial Notes have been issued, is of the view that the Company is likely to be able to continue as a going concern albeit up to the Unconditional Date.

She say meaning if company naver take gateway $70m money, will bankrupt. So ah long interest also got no choice. Just take first.

SGX must investigate directors properly. They lose company money now shareholders must pay for their mistake. How can?

The Board will reassess the Company&rsquo s ability to continue as a going concern as and when the Offer becomes unconditional, and will keep Shareholders updated as and when there are any material updates in relation to the aforementioned.

She say if company take gateway money $70m and then Lippo takeover pass 50% means company must pay back gateway in 30 days $70m + 25% redemption premium + 16.5% interest for 2 year is more than $100m.

First Lippo must buy share in company. Buy price $103m. If 50% = $51.5m. Then buy already must pump some more money to pay gateway? Extra $100m. After pay gateway must pump some more money to company. How much? Company say want to use 40% x $70m = $28m? Like that become super expensive for Lippo. Total more than $180m. One share more than 7.3 cent. Still want to do?

Gateway shiok. 9 March lend $70m. Lippo VGO finish 28 March can collect $100m++. One month two month can make $30m. Super ah long. If company no money to pay than give to gateway or close shop.

The Board wishes to assure Shareholders that it has been using and will continue to use its best efforts to ensure that the Company remains as a going concern.

One announcement so many times can say going concern/bankrupt. You think Lippo still want to buy bankrupt company? Lippo naver change VGO price 4.2 cent is below market price. Serious or not?

Broker friend say if SIC naver give gateway whitewash waiver gateway must make MGO 3.3 cent but two years more &ndash 9 March 2019. Two choice also lousy. MGO 3.3 cent so low and so late. I think don&rsquo t take VGO 4.2 cent. Better sell to market 4.5 cent. Make little never mind. Don&rsquo t lose important.

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01-Mar-2017 15:53

Healthway Med / healthway, healthy?

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The buy queue

0.042 -382000lots

0.043 - 26608 lots

0.044 - 5670 lots

So early in the offer, the buy queue is already 2 PIPs above the offer ... it' ll be hard for shareholders to accept 0.042. Very likely they will need to revise the offer ... unless gateway will accept this price .. which will give Lippo more than 50%. But if Gateway wishes to fight off Lippo ... we will see a fight to gain control.

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01-Mar-2017 15:26

Healthway Med / healthway, healthy?

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If i recall correctly, Lippo has less than 20%.

Since they have made the offer even though they know the current issues, they are serious in controlling this coy, and they will mostly likely try to get above 50%. There is always a high possibility that they might revise the offer to get above 50%. Even if they manage to get 50% at the current offer price of 0.042 .... a Healthway with Lippo backing is much much stronger that the current boards who will loan out huge amount and then write-off as impairment.

Either way, i feel it' s good news for Healthway. Just look at IHC ... they made known their presence when the price was hovering around 0.06+ .... and the current price is above 0.1.

Buy now.... the risk is only 0.002~ 0.003c (offer price at 0.042), but the upside could reach 0.06 or more. Worst case scenario .... sell back to Lippo at 0.042 (the current buy queue at 0.042 is 380000lots.

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01-Mar-2017 09:12

Healthway Med / healthway, healthy?

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Got abut more today. The risk is just 3 Pips. Lipping knew the problem before they made the offer... meaning they are serious in taking over. Once an offer is made... they cannot withdrawn without approval from authority. Let' s see if there are further development...

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27-Feb-2017 12:27

Healthway Med / healthway, healthy?

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Went in this morning at 46. Initially queued 44, but the buy queue for 44 and 45 kep increasing ... so .... settled for 46. The safety net is 42. Hope to see Lippo do an " IHC" on Healthway.

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21-Feb-2017 07:49

Far East Orchard / Orchard Parade

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In 2013-2014 ... this share was still trading above 2+. OUE has similar trend .... NAV was also very high... but the share price dropped to 1.48. The price is around $2. Hoping for similar rebound for this share. Anyway... this type of heavyweight stock... even if get stuck... won' t have sleepless night... and still get to enjoy consistent div each year. As it is trading to a huge discount to NAV... might get capital gain too.

blurtrader ( Date: 20-Feb-2017 09:59) Posted:

results to be annouced in a few days time, expecting 6c dividend or more... like what one of the forummers had quoted, EPS is alreadt 15c for 3Qs of 2016

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15-Feb-2017 19:23

Far East Orchard / Orchard Parade

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Went in today between 1.585-1.59. Almost 50% of NAV. Can' t understand why such established property giant can be trading as such steep discount. Lately... the property counters seems to have movement

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09-Feb-2017 07:17

CosmoSteel / Delisted by SSH SOON

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Does seem like accumulation .... just need to wait ...maybe waiting for company to report profit before it will go up

nngeeh ( Date: 09-Feb-2017 07:15) Posted:

Not yet... the div pay day is 14 Feb

ruready ( Date: 09-Feb-2017 06:12) Posted:

Bro nngeeh, did you receive the dividend,? This baby undervalue time for stock raider like mr ooi hong Leong, Oley boss to buy cheap cheap now.The single large ssh only have 28% so easy to remove the top management if the price still trading at huge discount ,any third party join in to attack , the Japan boss sure join in to fight because the bought it at history price 40cts,

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