| Latest Forum Topics / Chip Eng Seng |
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Chip Eng Seng Corp
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SmallSmall
Supreme |
02-Dec-2022 08:39
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Trading halt | ||||
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superstartup
Supreme |
02-Dec-2022 00:19
Yells: "Enjoy doing Fundamental Research" |
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Will takeover if tio-ed rejected become another Frasers Hospitality? | ||||
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tiltonhall
Member |
02-Dec-2022 00:12
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when they say they offer to pay 70% of the NAV of 99 cents, do note that the assets are likely under valued so the true NAV is higher than what is on the annual report. Take the hotel in Alexander, they are reopening that hotel very soon with a new in-house brand which they have intention to expand. There are many plans in the works that will enhance the assets of the company in the short term ahead. 72 cents is a low offer.  | ||||
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Panda8
Veteran |
01-Dec-2022 23:10
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Lim family sold to her at $1.08 in year 2018.  For me, will not consider anything below 80 cts. Looking at anything around 85 to 90 cts.      
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ahberngh
Elite |
01-Dec-2022 21:19
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In my opinion, even 80c is still too cheap. If I recall, they paid Lim family about 1.10 for their shares. I would be happier with at least 90c, even thoguh this is below the NAV.
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7ocean
Master |
01-Dec-2022 19:45
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Will CES take over OKH as well? | ||||
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ahberngh
Elite |
01-Dec-2022 17:47
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But if everyone takes your advice and take up the offer, it is game over  .No offence, I just see the funny side of it.
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wehuattogether88
Supreme |
30-Nov-2022 15:59
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You will never know what goes on behind the scene.
BBs and funds might want to push up the price so that the Tangs will have to revise upward the price in order to get more percentage of the CES share. Every offer has a different story. Just my thoughts. |
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AttasBoss
Elite |
30-Nov-2022 07:59
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Guys dont be over optimist. Go read up wheelock offer, its a cash rich developer but offer at huge discount. The price go up after offer, but owner never revise offee and take it private. All the gangs buy up to help vote, they can get awards from owner the other hands. | ||||
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TodaySgCny
Senior |
30-Nov-2022 01:13
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Stuck at highest 740.But support came!!Can help me unstuck.745 ok already.Cheers!! | ||||
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wehuattogether88
Supreme |
29-Nov-2022 23:51
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Such low ball offer price by CT for CES do not reflect near to the NAV of CES. Should at least be in the 90 cents range. Let the funds and BBs buy Up, do not sell cheap now. | ||||
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TradeExpert
Veteran |
29-Nov-2022 09:35
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Daily Q to buy: Approx 17M @ $0.725 Approx 90m @ $0.72 Approx 17M @ $0.715 Just this above is more than 110M Buy Q Share  Who' s buying? Lolxx If wanna privatise, should at least give $1.3 per share.  ![]()   |
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Whistler
Member |
29-Nov-2022 09:02
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' Very low ball offer with Singhaiyi' ?  Back then, they offered a price which represents a  21.8% discount to the company' s net asset value per share of S$0.1496 as at end-September 2021. As for CES,    their offer of $0.72 translates to a discount of 27.3% when compared with CES' s group net asset value of $0.9906 as at end-June 2022. Applying the same % discount, per what they offered for Singhaiyi, should also see their offer to privatize CES being improved to ~ $0.77-0.78.    Hopefully, at the very least, we get there.  Anyway,  I got in at $0.45 back in April .... let' s see how things develop. 
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Panda8
Veteran |
28-Nov-2022 20:21
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I think it is very common the company director engage those investment company to trade on behalf especially when newly listed. It is a win win cooperation.  Anyway, I have only 100k units and no intention to sell unless they up the price to above 90 cts or best $1.00  Look at it this way, in business, all business man will try all way to get max profits. They eat the meat and left the bone to you and me.      |
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AttasBoss
Elite |
28-Nov-2022 12:14
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Could be their gang also
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wehuattogether88
Supreme |
28-Nov-2022 11:50
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NAV very close to S$1, do not take the offer and sell to them.
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wehuattogether88
Supreme |
28-Nov-2022 11:42
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Yeah I agreed, now funds or probably institutions are buying at 0.73 level.
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TradeExpert
Veteran |
28-Nov-2022 11:00
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Daily, at least 90M shares in queue to buy at 0.72, how to drop lower than this price? The strong support is there.  $0.72 offer to privatise is low balling shareholders and the nav is $1. Good try but won' t work unless they revise their offer.  |
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TradeExpert
Veteran |
28-Nov-2022 10:56
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Bingo
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jlong0005
Senior |
28-Nov-2022 09:48
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I would think the Tangs have intention to delist CSE. They may just want a simple majority for control. So likely the price will be up another few cts so that no investors will sell to them at 72. |
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