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yamseng
Supreme |
23-Nov-2021 14:34
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Starburst is currently at least 69.7% in the hands of Nordic as Starburst' s chairman and CEO both have undertaken to sell their combined stake of 69.7%. Nordic already in control if i have 100K, i will allocate 50/50 to both nordic and starburst, whether the end of the day, starburst will be listed or unlisted i believe one plus one is greater than two !! |
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ssrata
Member |
23-Nov-2021 13:29
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For the past one year average daily volume was about 400 lots after take over announcement average daily volume over 1000 lots and average price about 23 cents when the take over price is 23.8 cents something is smelling rotten in this counter.
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ssrata
Member |
23-Nov-2021 07:12
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A win win situation will be if shareholders of starburst are offered a fair and decent price for their shares and they then buy into Nordic Group.
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yamseng
Supreme |
22-Nov-2021 14:03
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Minority shareholders of starburst will realize that if they want to hold the value of the starburst, they should consider buying in Nordic(future parent of the company) instead !! DYODD https://www.nextinsight.net/story-archive-mainmenu-60/944-2021/14491-nordic-here-s-why-acquiring-starburst-is-compelling-boost if acceptance is below 90%, the starburst share price will shoot up and Nordic will follow.. or if acceptance is more than 90%, starburst will be unlisted, and Nordic will shoot up cos they got a Good buy !! DYODD |
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ssrata
Member |
22-Nov-2021 11:51
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Usually in a takeover the share price of the Offeror in this case Nordic Group will go down because of the premium offered investor will say that the price of the take over is too high, however, this is not the case here because Nordic Group share price has gone up by 14 percent the last 2 days. |
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ssrata
Member |
18-Nov-2021 08:46
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Sorry the dateline is 10 Feb 2022.
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ssrata
Member |
18-Nov-2021 08:45
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The dateline for making the offer is 10 Feb 2021 as of now no offer has been made. If the company acquires 90 per cent of shares other than the treasury shares and the shares already owned by the company then they can forcibly acquire the remaining 10 percent of shares owned by the public. It is thus not beneficial for the company to enter the market and buy shares before the formal offer is made of course the company can get their stooges to buy share for them and they later accept the offer when it is made.The company will I think only actively start buying shares when the formal offer is made because only then what they acquire will be counted in the 90 percent.
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tccroy
Elite |
17-Nov-2021 10:16
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Hopefully no shareholders succumb to the selling pressure. We must per-severe. For SPH, also have multiple offers. So do not sell at the current offer price
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TheMatrix
Elite |
17-Nov-2021 10:02
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Retail shareholder sux tongue.
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hschsc
Master |
17-Nov-2021 09:49
Yells: "Invest in financially healthy companies" |
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Look like nobody want to sell at this low price.
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tccroy
Elite |
16-Nov-2021 09:27
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As long as the shareholders persevere and firm not to sell they cannot never reach 90%
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ssrata
Member |
16-Nov-2021 08:18
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Yesterday 1.5 million shares done assuming they were all bought by Nordic Group and their proxies that will leave them to buy 44.5 million shares to reach the 90 percent threshold. If average of 1.5 million shares done daily then the proxies of Nordic group need only 30 trading days to buy 44.5 million and this can be wrapped up by then end of this year. | ||||
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tccroy
Elite |
15-Nov-2021 09:40
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The retailers should withdraw from posting their sales in the SGX and then we can see how many own sellers sell to own buyers | ||||
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tccroy
Elite |
15-Nov-2021 08:38
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Many of Starburst shareholders are not prepared to sell to the offerors unless they prepare to up their offer to at least 30 cents a piece.
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ssrata
Member |
15-Nov-2021 07:50
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The Offeror a public listed company is pulling wool over the minority investors eyes when they say that 23.8 percent is a good price and so on, i say 23.8 cents is a ridiculous price. The ipo price was 31 cents the all time high was over 40 cents even the strike price for the warrants was 25 cents plus 1 cent to buy tne warrant was 26 cents and they say 23.8 cents is a good price. The price around this time last year collapsed from 40 cents to 20 cents not because of any drop in fundamentals but irrationally because the 2 directors were picked up by CPIB for allegedly giving bribes to secure contract. The company themself have responded to SGX queries saying that they have contingency plans and enough people to take over the 2 diectors if fhey become temporarily unavailable. This is no doubt a conspiracy to defraud the minority shareholders. |
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ssrata
Member |
15-Nov-2021 07:21
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In the last financial report the company said that the prospects for businsss in the future looks rosy moreover they got a healthy order book and together with a good bank balance the company is on solid grounds. Than why is the hurry to sell at a lelong price do the 2 directors expect us to believe that they got only 23.8 cents for their shares. |
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ssrata
Member |
14-Nov-2021 15:08
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At that time shares were trade at about 20 cents and the strike price to convert the warrants to the mothers shares was 25 cents so logicaly no one converted at 25 cents when they can buy at 20 cents from the open market. THE ISSUED SHARES IS 250,000,000 and if ths offeror controls 90 percent or 225,000,000 of the shares than they can forcibly acquire the remaining 10 percent of the remaining shares.They already got 173,000,000 from the 2 directors and last friday 5,672,00 shares were sold and assuming all were bought by the Offereror that will leave them with about 179,000,000 (rounded) shares they now have to buy 46,000,000 shares to reach the 90 percent threshold. Can they do it ????
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PandaB
Member |
14-Nov-2021 12:15
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In 2016, there was a rights issue of 62,500,000 warrants in a 4 for 1 warrants issue at an exercise price of $0.25. The warrants were expired on Jun 2021. Based on the shares tendered by the two directors to Nordic in the public announcement recently, they did not subscribe to the shares at $0.25, hence leaving all their warrants expired. Warrant holding per YR2021 annual report: EDWARD LIM CHIN WAH 11,019,750 20.78% YAP TIN FOO 9,020,000 17.01% This appears to be quite negative given the fact that if the business was doing well (with the contract wins), they would have exercised their warrants at $0.25 and hope that the price of the shares regress back to the pre-CPIB/COVID days. Looks fishy indeed. |
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tccroy
Elite |
14-Nov-2021 10:12
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趁 火 打 劫 ， 😂 😂 😂 | ||||
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hschsc
Master |
12-Nov-2021 21:48
Yells: "Invest in financially healthy companies" |
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DISTRIBUTION OF SHAREHOLDERS BY SIZE OF SHAREHOLDINGS As at March 16, 2021 SIZE OF SHAREHOLDINGS are 1030. 11of them owned 81.72 % of the shares. 557 sharehoders owned 17.38% (43,145,385). Bothe directors owned 69.7 % .so the others 9 owned about 12%. Do these 9 shareholders willing to accept the offer of $0.238. |
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