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newbiexpert Member	27-Jun-2019 18:42        newbiexpert About Contact  Quote this Post!
x 0   x 0  Alert Admin	will they exercise compulsory acquisition?
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dataminer Member	16-May-2017 12:32        dataminer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree. Not worth to hold onto this. Just sell and look for others.
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Sunstar Senior	28-Apr-2017 14:21        Sunstar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't think a higher offer is possible anymore. Sigh. Today is last day of acceptance. In the latest court ruling, clearly the company has won the case against pope asset management. Pope asset mgmt as a result of this ruling has also substantially reduced their stake in the company. In the latest filing to sgx, Pope asset mgmt has rescued its stake from 66m to 35m (9.2% to 4.8%). So even pope has thrown in the towel. As a asset mgmt firm, pope has returned the shares back to the individual investors who want to cash out. No point fighting for higher offer. case close. Just my humble opinion. dataminer      ( Date: 06-Mar-2017 13:27) Posted: Hmm...  I would buy at $0.405 today. Because if there is no revised offer at higher price, the most I lose i $0.005 by selling to KC parents. But if KC parents is serious about takeover, then it would up the offer, which means the upside is much much higher than the potential loss. Taking a shot to buy at $0.41 is also logical given the above scenario. Also, in the event KC management lost the court case, it would still need to do the share buyback mandate. Which means it will have to queue higher than the $0.40 to buyback any shares.  This is a heads I win, tails I win too. Though, there is a potential loss of $0.005/0.01 which is small relative to the event of a higher offer.
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dataminer Member	06-Mar-2017 13:27        dataminer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hmm...  I would buy at $0.405 today. Because if there is no revised offer at higher price, the most I lose i $0.005 by selling to KC parents. But if KC parents is serious about takeover, then it would up the offer, which means the upside is much much higher than the potential loss. Taking a shot to buy at $0.41 is also logical given the above scenario. Also, in the event KC management lost the court case, it would still need to do the share buyback mandate. Which means it will have to queue higher than the $0.40 to buyback any shares.  This is a heads I win, tails I win too. Though, there is a potential loss of $0.005/0.01 which is small relative to the event of a higher offer.
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nngeeh Veteran	06-Mar-2017 10:35        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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tankookoo Master	06-Mar-2017 10:29        tankookoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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edwinjup Supreme	06-Mar-2017 10:11        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	few years ago..they never ...will they adjust this round ?? 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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dataminer Member	06-Mar-2017 09:51        dataminer About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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tankookoo Master	04-Mar-2017 16:00        tankookoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good stratagy....we should   hold on or buy below 40!cents as still can sell back to company... but above 40 cents carry some risks as company may not offer higher. Anything below 40 cents is a safe bet. Company sure buy from shareholder at 40 cents, guranteened , if there is 38/38.5, will scoop as many as possible and make the diff...above 40, I give a miss   dataminer      ( Date: 04-Mar-2017 15:46) Posted: Say I want a higher price. I know the company has to get 90% shares to effectively delist this. What I will do is this.  Buy at the open on monday. 1) If it opens at below $0.40. Just buy no brainer. Can sell back to the company at $0.40. 2) If it traded above $0.40. Just buy. Why? Companies that cannot get sufficient shares have to up their offer price. It happened to Osim, tigerair and vard. All these companies have to up their offer price to make it attractive for existing shareholders to sell. Since the counter is tiny traded ( unlike the counters I mentioned), there is no reason for grieving shareholders to accept at such a low offer price. I would urge existing shareholders to hold out. If the company cannot see anyone selling at $0.40, they would have to up their offer price. tankookoo      ( Date: 04-Mar-2017 10:52) Posted: compared to the last closed price, it seems attractive. Question is will the court force   the company to offer higher price? If shareholder dun accept current price, can the shareholder sell at higher price? I think some shareholders with muscle will try get the company to offer higher price and they might accumulate from weak holders when trading open on Monday. I feel the fair offer should be around 50 cents. Might be another court battle for higher price and saga drags on for those not exiting at 40. Not surprised offer price might be raised but might be another wait...just my half cent view
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dataminer Member	04-Mar-2017 15:46        dataminer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Say I want a higher price. I know the company has to get 90% shares to effectively delist this. What I will do is this.  Buy at the open on monday. 1) If it opens at below $0.40. Just buy no brainer. Can sell back to the company at $0.40. 2) If it traded above $0.40. Just buy. Why? Companies that cannot get sufficient shares have to up their offer price. It happened to Osim, tigerair and vard. All these companies have to up their offer price to make it attractive for existing shareholders to sell. Since the counter is tiny traded ( unlike the counters I mentioned), there is no reason for grieving shareholders to accept at such a low offer price. I would urge existing shareholders to hold out. If the company cannot see anyone selling at $0.40, they would have to up their offer price. tankookoo      ( Date: 04-Mar-2017 10:52) Posted: compared to the last closed price, it seems attractive. Question is will the court force   the company to offer higher price? If shareholder dun accept current price, can the shareholder sell at higher price? I think some shareholders with muscle will try get the company to offer higher price and they might accumulate from weak holders when trading open on Monday. I feel the fair offer should be around 50 cents. Might be another court battle for higher price and saga drags on for those not exiting at 40. Not surprised offer price might be raised but might be another wait...just my half cent view         dataminer      ( Date: 04-Mar-2017 10:03) Posted: The fact that this offer comes just right before the court hearing shows the company is keen to end this. Also, by halting the shares for a week, it effectively block out any chance for the shares to appreciate, thereby making the offer price looks attractive.
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tankookoo Master	04-Mar-2017 10:52        tankookoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	compared to the last closed price, it seems attractive. Question is will the court force   the company to offer higher price? If shareholder dun accept current price, can the shareholder sell at higher price? I think some shareholders with muscle will try get the company to offer higher price and they might accumulate from weak holders when trading open on Monday. I feel the fair offer should be around 50 cents. Might be another court battle for higher price and saga drags on for those not exiting at 40. Not surprised offer price might be raised but might be another wait...just my half cent view         dataminer      ( Date: 04-Mar-2017 10:03) Posted: The fact that this offer comes just right before the court hearing shows the company is keen to end this. Also, by halting the shares for a week, it effectively block out any chance for the shares to appreciate, thereby making the offer price looks attractive.
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dataminer Member	04-Mar-2017 10:03        dataminer About Contact  Quote this Post!
x 0   x 1  Alert Admin	The fact that this offer comes just right before the court hearing shows the company is keen to end this. Also, by halting the shares for a week, it effectively block out any chance for the shares to appreciate, thereby making the offer price looks attractive.
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dataminer Member	04-Mar-2017 09:47        dataminer About Contact  Quote this Post!
x 0   x 0  Alert Admin	This offer is similar to the previous offer where the KC parents only offer the cash value per share. The previous offer did not result in delisting. However, some shareholders sold their shares. As to how to get a better offer, its better to see what the court decide next Monday - Tuesday.
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tankookoo Master	04-Mar-2017 09:18        tankookoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	anything can be done to get them offer higher price? if dun sell at 40? wat will happened? dataminer      ( Date: 04-Mar-2017 08:13) Posted: How many of u are going to sell at $0.40? Selling at 0.40 is as good as selling for cash value of the company. There is building, equipment, inventory etc which are not counted in the takeover offer.
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dataminer Member	04-Mar-2017 08:13        dataminer About Contact  Quote this Post!
x 1   x 0  Alert Admin	How many of u are going to sell at $0.40? Selling at 0.40 is as good as selling for cash value of the company. There is building, equipment, inventory etc which are not counted in the takeover offer.
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sgtrader Senior	04-Mar-2017 00:02        sgtrader About Contact  Quote this Post! Style: Technical   Mood: Yells: " Earn the right to WITHDRAW consistently."
x 0   x 0  Alert Admin	Woo...make profits again haha....loaded up with friends at 0.325   level....Kana Trading Halt...Thinking if we should worry.. Coz as a chartist, we dont bother about news....Nevertheless, turn out to be a great trade now.    Cheers.. Trading is a team sports. Next to profit from BlackGold Corp soon....cheers....
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newbie24 Veteran	03-Mar-2017 22:53        newbie24 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Probaly 0.395-0.400. Look at the recent trends - GP Hotels 0.360-0.365
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tankookoo Master	03-Mar-2017 22:49        tankookoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will Monday open higher than 40？   moneyspinner      ( Date: 03-Mar-2017 22:12) Posted: Buyout offer at 40 cts per share only!
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moneyspinner Veteran	03-Mar-2017 22:12        moneyspinner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buyout offer at 40 cts per share only!
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dataminer Member	03-Mar-2017 17:21        dataminer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kingboard parents owns 65% of Kingboard copper. Pope asset owns slightly less than 9%. Share buyback approved KC can buy up to 10%. This means 65% + 9% + 10% = 84%. Counter would not have sufficient shares to trade. KC parents would still have to submit offer to delist. Anyway, KC parents reported big profits and KC copper have a big pile of cash. There is really no reason why it dont want to delist.
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