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Hug steal
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ysh2006
Supreme |
02-Jul-2019 16:50
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Wow if seen your post how good, just three months approx 50c up? Do you still analyse other stock like Hong Fok, Tuan Sing etc any chances ?
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AttasBoss
Elite |
02-Jul-2019 13:50
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OM available $1.18..1.69% low risk gain otw to completion.
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TonyGan
Senior |
01-Jul-2019 08:00
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Even better for them if the assets get revaluated and find to b higher. 120 too good for them | ||||
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AttasBoss
Elite |
30-Jun-2019 18:49
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$1.20 is a greatest offer and historical premium
Risk and reward is fair to owner and minority shareholders.
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TonyGan
Senior |
30-Jun-2019 17:43
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Have to reevaluate the assets, shld b more than nav 134. | ||||
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Starship
Supreme |
30-Jun-2019 10:43
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Hupsteel gets $1.20 per share offer from controlling Lim family to delist 28/06/2019, 9:00pm SINGAPORE (June 28): The founding Lim family of Hupsteel, the trader of industrial steel products, has made an offer to buy back all the shares it does not own and delist the company. Hercules, special purpose vehicle incorporated by the Lim family to carry out the offer, is offering $1.20 for each, says Hupsteel in a Friday night filing. The offer will be conditional upon the offeror having received more than 90% of the issued share capital at the close of the offer. Hercules says it has no intention of revising the offer price. The Lim family and their respective family holding companies currently own an aggregate of 66.1 million shares, or 54.16% of Hupsteel, and have given their undertaking to accept the offer. Based on Hupsteel&rsquo s issued share capital of some 122 million, the company is valued at $146.4 million. In the offer document, Hercules says the offer price represents a premium of 51.90% over the last transacted price per share of $0.790 on Thursday, and a premium of 58.60% over the VWAP per share for the three-month period. In addition, the shares &ldquo have not been transacted on the SGX-ST at or above the Offer Price since May 2013,&rdquo it adds. Hercules says the offer presents shareholders with a compelling cash exit opportunity to liquidate and realise their investment in the shares at a premium to the prevailing market prices which would otherwise not be available given the low trading liquidity. The controlling Lim family believes that privatising the company will give the offeror and the management of the company more flexibility to manage the business of the company, optimise the use of its management and capital resources and facilitate the implementation of any operational change. https://www.theedgesingapore.com/news/offer/hupsteel-gets-120-share-offer-controlling-lim-family-delist |
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chinton86
Master |
30-Jun-2019 08:21
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Seems like there are somne insider buying before annoucement wor. | ||||
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TonyGan
Senior |
29-Jun-2019 16:25
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Will miniority shareholder koh boon hwee fight for better price??? | ||||
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TonyGan
Senior |
29-Jun-2019 16:01
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120 too cheap, should b 134 above... | ||||
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ysh2006
Supreme |
29-Jun-2019 09:38
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Your link not working, any way company announced last night about 7 plus PM of OCBC act as agent of Lim' s family to make offer $1.20 to Hupsteel (Not Hugsteel)
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AttasBoss
Elite |
28-Jun-2019 20:52
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https://links.sgx.com/1.0.0/corporate-announcements/O8N70UXHP41L16EN/3c164b05b46bebe58ee86fd5ff048c93ac40666817b2ed9a412747b685f1bc39 | ||||
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AttasBoss
Elite |
28-Jun-2019 19:12
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Yes General offer $1.20!!!!!!!!!!!!!!!!!
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AttasBoss
Elite |
28-Jun-2019 08:55
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Trading halt!
Pending annt |
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AttasBoss
Elite |
09-Jun-2019 15:04
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UK.. But no much avlb info from the website or google
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shk363
Elite |
09-Jun-2019 14:46
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this buttermere from where?
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AttasBoss
Elite |
09-Jun-2019 12:27
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Buttermere open market purchase another 111, 300@$0.75 on 3 Jun 19
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AttasBoss
Elite |
04-Jun-2019 08:57
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Buttermere capital just become substantial shh.
Let's see what's next step to harvest this cash cow |
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InvestSG
Member |
22-Apr-2019 09:16
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Agreed.
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AttasBoss
Elite |
22-Apr-2019 09:14
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patient is the key to success, looking at cash rich company, low liqudity volume, bb slowly accumulating.. | ||||
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AttasBoss
Elite |
18-Apr-2019 20:15
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Cash 38m
Net current asset 91m NAV 163m OS shares 122mil NAV/share $1.34 (price now 0.78) Investment properties fair valuation add on addition of 40mil, or $0.33 to NAV Too much excess cash on hand, next capital reduction candidate while waiting freehold properties to be realised TP: $1.38 |
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