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United Engineers
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IBanalystslave
Member |
17-Feb-2015 00:05
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while we can' t confirm, if you use a logical perspective, Charoen was the one who approached OCBC for the stake, it is also usually the buyer who wants the exclusivity, and he has spent money to conduct due diligence. the heading was phrased OCBC not selling it UE stake to Charoen, and not Charoen not buying OCBC' s stake, further there was a reference to the non-agreement to price. the bloomberg headline also said OCBC allowed the exclusivity to lapse, not Charoen. this would be an educated and logical guess. |
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Kyoto2008
Elite |
17-Feb-2015 00:02
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Bro I think we are on the same frequency.        If a takeover is on, $4 will be likely end price....I think.
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nea03177
Senior |
17-Feb-2015 00:01
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The newspaper report I have right in front of me has the headline 'OCBC not selling its UE stake to Charoen ' with a smaller print Deal called off because parties could not agree on price:Sources.
The newspaper said OCBC declined to comment and TCC Top Enterprise could not be reached. Nowhere in the article did it say price was rejected by OCBC.
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Kyoto2008
Elite |
16-Feb-2015 23:59
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If it' s price, it' s haggling over a single transfer price....3.50 or 3.80, etc, etc. If it' s structure, it' s haggling over whether at 3.50 Ah Chai will buy all except the China properties. Am I right?    Plse correct me if I am wrong, for the benefit of everyone.  What' s the diff between structure and price?    3.50, 3.80 are hypothetical, it could be any figure..... |
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IBanalystslave
Member |
16-Feb-2015 23:53
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The key here is what price was offered by Charoen to them. If it' s the 3.60+/- as put forth by some of the analysts then we are looking at something nearer to 4.
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IBanalystslave
Member |
16-Feb-2015 23:51
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I thought I remembered the straits times article saying it was price also. If it' s structure then probably charoen has a shot, but if it' s price then unlikely and ball goes to the others whom we will know about soon.
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hlfoo2010
Master |
16-Feb-2015 23:48
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財 神 爺 的 指 示 https://www.youtube.com/watch?v=70-N47xf1JE |
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Mark_tan
Member |
16-Feb-2015 23:46
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Not true. Saturday article in straits time says price was rejected by OCBC.   
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IBanalystslave
Member |
16-Feb-2015 23:39
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OUE posted 1.1billion net profit also. Now they have a lot of cash. Unless you are the one buying up ok 300/500 lots at a go, I think someone else will buy up.
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superuser
Member |
16-Feb-2015 23:35
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city dev posted bullish results. this is good news for UE. I will push UE share price beyond $2.70 tomorrow. |
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Kyoto2008
Elite |
16-Feb-2015 23:20
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Good point.    Ah Chai is as slippery as an eel, you can never guess what is in his mind.  Whatever it was, you can never outguess Ah Chai.  Only time will tell his real agenda.    I think he not stupid to waste 6 mths time of due diligence.  Like he has nothing else better to do.  I think he will try to make a bundle.  How?    We need to see how the whole saga unfolds.
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IBanalystslave
Member |
16-Feb-2015 23:03
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i agree. definitely not a retailer or fund house. time will tell who this big buyer/ these buyers of those 300 lots 500 lots buy ups are. |
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Kyoto2008
Elite |
16-Feb-2015 22:59
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If Ah Chai was the buyer of all those panicky sellers plus shortists today, he would make a bundle anyway even if CGK bought over the OCBC/GE parcel.    Exactly like he sold off APB for a handsome profit. I still think Ah Chai is the one buying today, it' s my personal view.    Large parcels are not retailers' footprint, they are predators' , I doubt fund managers are involved.
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nea03177
Senior |
16-Feb-2015 22:58
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OCBC and GE's announcement said they cannot agree on the structure. So price is not the issue.
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Bigmama
Elite |
16-Feb-2015 22:48
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Haven't make much. What if tomorrow drop another 10 cents. Quite possible..... I will add more if drop.. Average buy price 2.66
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IBanalystslave
Member |
16-Feb-2015 22:45
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however, on a balance of probabilities, I would think Charoen wouldn' t win this, probably CGK. The bidder probably has to have familarity with UE and only these two do. but Charoen had the opportunity to secure UE under exclusivity and if he wasn' t able to do so due to a price issue then, unlikely he will do so when other bidders come in with higher offers. unless the issue wasn' t so much price but structure. for sure the next bidder that comes in and announces an offer will do so at a price higher than that of what was put forth by Charoen to OCBC. usually an exclusivity is granted if the indicative price or price range is acceptable to the seller.
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Kyoto2008
Elite |
16-Feb-2015 22:37
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F& N, Ah Chai won.        UE, is there a battle?    Yet to be seen.      Noone has thrown down any challenge as yet.  Maybe tomorrow?    Who knows?  
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Kyoto2008
Elite |
16-Feb-2015 22:30
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Quite right, shrewd thinking.    Ah Chai sprung surprises with F& N, I see him as a strategic thinker.    Very clever Sang Kanchil.
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IBanalystslave
Member |
16-Feb-2015 22:21
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seems like one big merry-go-round. CGK wrestled Straits Trading from OCBC, then OCBC won the WBL battle through UE. Charoen' s history with Riady was over F& N. |
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Breeze
Member |
16-Feb-2015 22:17
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Bigmama, grats on ur UE. seriously can hold is of course is good.  wish u huat ah      
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