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M1
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gopguppy
Veteran |
28-Jan-2019 18:45
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I suspect KC/SPH purposely pushed back div pay date to 15 May (usually in Apr) so that they can have more time to accumulate 50%. Very Cunning.
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gopguppy
Veteran |
28-Jan-2019 18:20
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M1' s results good. Div 6 cts. Definitely not tendering my shares.   Results for the year ended 31 December 2018
Service revenue increased 2.0% YoY to S$755.8 million
Fixed services revenue grew 18.6% YoY to S$143.1 million
Proposed final dividend of 6.0 cents
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simplesimon
Member |
26-Jan-2019 12:41
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Just received a booklet of more than 200 pgs of circular   to shareholders and options oldies in relation to the VC general offer by Konnectivity owned by KC and SPH, wasting papers! We will not accept anything less than 80% of the Singtel price! | ||||
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bullrun6088
Senior |
24-Jan-2019 21:34
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Agree very fishy. Maybe someone is trying to churn the market to create volume.
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MichaelSchenker
Master |
24-Jan-2019 16:44
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That is why I said to prepare to lose brokerage (one-way). Worse scenario, buy 2.06 sell 2.06 How certain are we that the GO will turn unconditional? Have most of you tender at 2.06 yet?  I see done deal at 2.06, so, buyers must be dreaming? LOL!  
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trader25yr
Master |
24-Jan-2019 15:46
Yells: "I hate con man" |
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Cannot no singtel or that bad lah saya depends on singtel mobile broadband to trade leh ![]() ok lah, certain places connection on on off off, but still can trade lah but sometimes during important times like US drop big big network seem very slow must be too many people also checking stock price |
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simplesimon
Member |
24-Jan-2019 14:52
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Singtel services have gone to the dogs. expect many customers will move away from Singtel as its counter service is atrocious, selling out of date products without telling customer the actual thing!  
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KAMAL0883
Supreme |
24-Jan-2019 14:27
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depending on Axiate' s move ......
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danedane79
Member |
24-Jan-2019 10:38
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May i know is it better to accept the offer or wait and see?   |
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john_ric
Supreme |
24-Jan-2019 10:06
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still dreaming?. .. | ||||
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tonylim
Master |
24-Jan-2019 09:09
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Don' t ever enter at this level, there is definitely no upward revision.   
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MichaelSchenker
Master |
23-Jan-2019 09:04
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Was wondering why did holders tender their shares (previously) at 2.06 whereby they can sell in the market for 2.10/2.11 cash in faster too. I m not holding any at the moment, but thinking of buying at 2.06, preparing to lose my brokerage at worst. See what is going to happen after the extended closing date..  
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bullrun6088
Senior |
22-Jan-2019 22:53
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Not buying not selling and not going to tender.
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gopguppy
Veteran |
22-Jan-2019 16:25
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Singapore telco M1&rsquo s bidders won' t pay more, puts pressure on Axiata
image: https://www.thestar.com.my/~/media/online/2017/12/01/03/59/axiata-building.ashx/?w=620& h=413& crop=1& hash=CF76F2382C11A5C58F44A7BE22F6807D9402A35F Axiata, which holds a 28.3 percent stake in M1, said in September the offer should reflect the accurate future value of M1. SINGAPORE: Singapore conglomerate Keppel Corp and Singapore Press Holdings (SPH) said on Tuesday they will not raise their offer price to gain majority control of mobile operator M1 Ltd, a move that could put pressure on Axiata Group, M1&rsquo s single largest shareholder.
Keppel and SPH, which together control 34.3 percent of Singapore&rsquo s smallest mobile operator, said in September they would offer S$2.06 ($1.50) per share for majority ownership of M1 in a bid to support its falling share price and restructure the firm to better compete against sector rivals. &ldquo The offeror wishes to announce that it does not intend to increase the offer price of S$2.06 in cash per offer share under any circumstances whatsoever,&rdquo Keppel and SPH said in a regulatory announcement issued by their jointly-owned holding company.
The closing date was extended to Feb. 18 from Feb. 4. M1 has a total market value of S$1.92 billion. Malaysia&rsquo s Axiata, which holds a 28.3 percent stake in M1, said in September the offer should reflect the accurate future value of M1, inclusive of an acceptable control premium and consistent with market standards. Axiata said at the time it was working with an adviser and was reviewing its options. Reuters cited a source as saying Axiata viewed the offer price as &rdquo inadequate&rdquo . In response to a query from Reuters, Axiata said it would not comment on Tuesday&rsquo s statement. &rdquo Axiata will make any necessary announcements as required and in due time,&rdquo it said. Since the September announcement, M1&rsquo s shares have rallied 26 percent to trade at S$2.05 on Tuesday but are little changed over the past two years and have lost 49 percent from a record high of S$3.99 in early 2015. Mobile telecoms competition is heating up in Singapore, with Australia&rsquo s TPG Telecom planning to launch a new service after winning a license to become the city-state&rsquo s fourth telecom operator. Analysts consider M1 to be the most vulnerable to new competition. In July 2017, Axiata, Keppel and SPH had considered, and then called off a strategic review of their M1 shareholding, which sources said was due to a lower-than-expected offer from external parties. - Reuters   |
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john_ric
Supreme |
22-Jan-2019 13:20
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m1 may be delisted  after offer.
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john_ric
Supreme |
22-Jan-2019 13:18
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last time price 2.09/2.10 is to attract you to sell. now 2.05/2.06 is to entice you to accept offer. |
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runaway
Senior |
22-Jan-2019 13:18
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Among the 3 telcos, M1 price has always been the lowest. When the GO lapses, M1 will drop like a bomb. If we take Starhub as a benchmark, M1 will be below $1.50.   |
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KAMAL0883
Supreme |
22-Jan-2019 11:49
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market price stay above 2.06 who would want to accept the offer ? obviously now they press the price below 2.06 so holders either no choice or frighten to accept the offer price CUNNING !!!!!! Now need to see how Axiate Group react. If they counter offer then will give KC/SPH a goold slap and make them lose the GO Management fee to DBS, UOB and Credit Suisse |
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Starship
Supreme |
22-Jan-2019 10:16
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No point investing in this bare bone with no meat left.........................much better prospects in many other better counters  ![]() Keppel, SPH JV firm says no increase in offer price for M1 shares extends offer closing date TUE, JAN 22, 2019 - 8:27 AM KEPPEL Corp and Singapore Press Holdings (SPH) joint venture (JV) company, Konnectivity, has announced that there will be no increase in its offer price of S$2.06 per M1 share they do not already own, and extended the closing date of its offer by at least two weeks.  In a regulatory filing on Tuesday morning, the JV company which is majority owned by Keppel, said it  does not intend to increase the offer price  " under any circumstances whatsoever" .  It added that the closing date for the offer has been extended from 5.30pm on Feb 4 to Feb 18, or a later date that may be announced.    As at market close on Jan 21, the total number of shares  owned, controlled or agreed to be acquired by Konnectivity and its concert parties amount to about 318 million shares, representing about 34.4 per cent of the total number of shares in M1.    On Monday, CLSA Singapore noted that the offer Keppel and SPH are making for M1 is " fair and reasonable and not prejudicial to the interests of shareholders as a whole" . " Accordingly, we advise the recommending directors to recommend that shareholders accept the offer, unless shareholders are able to obtain a price higher than the offer price on the open market, taking into account all brokerage commissions or transactions costs in connection with open market transactions," said the independent financial adviser to the independent directors of  M1. https://www.businesstimes.com.sg/companies-markets/keppel-sph-jv-firm-says-no-increase-in-offer-price-for-m1-shares-extends-offer |
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tonylim
Master |
22-Jan-2019 10:09
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Either way just don' t park your money in this stock for too long - it is stagnated at this level.  Keppel/SPH may be quietly scooping up in the open market to make to facilitate for the take-over just like Wheelock
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