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MrSingaporean Member	01-Jun-2017 17:20        MrSingaporean About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have seen Perennial's reply to SGX trading query. They mentioned they are bidding with consortium which I believe could be either Kerry Properties or Kuok Group (consisting of Allgreen properties) as they are related firms. Perhaps not Wilmar. joshlai86      ( Date: 01-Jun-2017 15:44) Posted: Perennial says bidding with consortium. So not alone. Shld have some decent backing n funds.
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joshlai86 Veteran	01-Jun-2017 17:18        joshlai86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, just want to add that these information released are never official. We can' t verify the authenticity but only trust the Bloomberg person' s contact. So even though Singhai wasn' t mentioned, that doesnt mean the info is not reliable, but it also doesnt mean it is reliable. The info leaked could just be the key points, which is perrenial reaching final talks. that said, there is no smoke without fire. and markets move becuase they do treat these news as quite reliable sources.
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MrSingaporean Member	01-Jun-2017 17:18        MrSingaporean About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes. That's why I said cant really believe till ocbc singles out or points out a company, which till now, they didnt. Singhaiyi was nvr in the bid. However I heard that other international firms backed by billionaires have also submitted final bids. Billionaire that has at least 5 bil usd individually based on forbes. MichaelSchenker      ( Date: 01-Jun-2017 16:48) Posted: It was clarified that SingHaiyi was never involved.  Makes me me wonder if the information leaked or officially announced to the media was properly regulated. Any Tom, Dick, Mary can be a spokesperson.   FATABA      ( Date: 01-Jun-2017 16:34) Posted: U are right ...Pere is not the only one ....but Bloomberg report seem to say they are the selected one.... ​ " " Perennial, led by Chief Executive Officer Pua Seck Guan, edged out other suitors including KKR & Co. and SingHaiyi Group that also submitted final bids, the people said, asking not to be identified because the information is private. An agreement could be reached as soon as next month for United Engineers, which has a market value of $1.7 billion, according to one of the people. ​ "
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MichaelSchenker Master	01-Jun-2017 16:48        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	It was clarified that SingHaiyi was never involved.  Makes me me wonder if the information leaked or officially announced to the media was properly regulated. Any Tom, Dick, Mary can be a spokesperson.   FATABA      ( Date: 01-Jun-2017 16:34) Posted: U are right ...Pere is not the only one ....but Bloomberg report seem to say they are the selected one.... ​ " " Perennial, led by Chief Executive Officer Pua Seck Guan, edged out other suitors including KKR & Co. and SingHaiyi Group that also submitted final bids, the people said, asking not to be identified because the information is private. An agreement could be reached as soon as next month for United Engineers, which has a market value of $1.7 billion, according to one of the people. ​ " MrSingaporean      ( Date: 01-Jun-2017 16:06) Posted: OCBC and Great Eastern joint announcement as of 7 am today didnt said Perennial is the ONLY one. They said "in duscussion with parties.
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FATABA Supreme	01-Jun-2017 16:34        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	U are right ...Pere is not the only one ....but Bloomberg report seem to say they are the selected one.... ​ " " Perennial, led by Chief Executive Officer Pua Seck Guan, edged out other suitors including KKR & Co. and SingHaiyi Group that also submitted final bids, the people said, asking not to be identified because the information is private. An agreement could be reached as soon as next month for United Engineers, which has a market value of $1.7 billion, according to one of the people. ​ " MrSingaporean      ( Date: 01-Jun-2017 16:06) Posted: OCBC and Great Eastern joint announcement as of 7 am today didnt said Perennial is the ONLY one. They said "in duscussion with parties." FATABA      ( Date: 01-Jun-2017 15:56) Posted: Pls allow me to suggest some reply to your doubts ....which remain as doubts... 1. Banks will happily loan them the cash ....as long as the backer are solid.  Banks will be flexible as long as they believe payment will be make ​ ( has to be solid if not do u think OCBC is interested to talk to them at all....) 2.  UE has SELECTED Perennial to the ONLY shorted listed one now ....do you thk their offer is LOUSY ....wld major shareholders like OCBC/GE allow them...LOL....U always speak to the best offer ​ As to reach TP ...then its a question of what is your OWN TP .....the ONLY TP UE decide is their own as agreed with their major shareholders....not yours or mine. ​ The price movement today for UE and OCBC do tell positive outcome. Good luc
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MrSingaporean Member	01-Jun-2017 16:06        MrSingaporean About Contact  Quote this Post!
x 0   x 0  Alert Admin	OCBC and Great Eastern joint announcement as of 7 am today didnt said Perennial is the ONLY one. They said "in duscussion with parties." FATABA      ( Date: 01-Jun-2017 15:56) Posted: Pls allow me to suggest some reply to your doubts ....which remain as doubts... 1. Banks will happily loan them the cash ....as long as the backer are solid.  Banks will be flexible as long as they believe payment will be make ​ ( has to be solid if not do u think OCBC is interested to talk to them at all....) 2.  UE has SELECTED Perennial to the ONLY shorted listed one now ....do you thk their offer is LOUSY ....wld major shareholders like OCBC/GE allow them...LOL....U always speak to the best offer ​ As to reach TP ...then its a question of what is your OWN TP .....the ONLY TP UE decide is their own as agreed with their major shareholders....not yours or mine. ​ The price movement today for UE and OCBC do tell positive outcome. Good luck kerier      ( Date: 01-Jun-2017 15:39) Posted: not doubting their ability to solicit funds, but given the current state of their own affairs banks will not be so generous. an offer can be made, but whether it hits the TP that everyone is looking at is another question
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FATABA Supreme	01-Jun-2017 15:56        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Pls allow me to suggest some reply to your doubts ....which remain as doubts... 1. Banks will happily loan them the cash ....as long as the backer are solid.  Banks will be flexible as long as they believe payment will be make ​ ( has to be solid if not do u think OCBC is interested to talk to them at all....) 2.  UE has SELECTED Perennial to the ONLY shorted listed one now ....do you thk their offer is LOUSY ....wld major shareholders like OCBC/GE allow them...LOL....U always speak to the best offer ​ As to reach TP ...then its a question of what is your OWN TP .....the ONLY TP UE decide is their own as agreed with their major shareholders....not yours or mine. ​ The price movement today for UE and OCBC do tell positive outcome. Good luck kerier      ( Date: 01-Jun-2017 15:39) Posted: not doubting their ability to solicit funds, but given the current state of their own affairs banks will not be so generous. an offer can be made, but whether it hits the TP that everyone is looking at is another question. FATABA      ( Date: 01-Jun-2017 15:34) Posted: Good question u asked ......but they may not need their own war chest....some STRONG backing maybe with them. ​ Time will tell.....do u thk they will waste their time if they dont have the $
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joshlai86 Veteran	01-Jun-2017 15:44        joshlai86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Perennial says bidding with consortium. So not alone. Shld have some decent backing n funds.
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kerier Veteran	01-Jun-2017 15:39        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	not doubting their ability to solicit funds, but given the current state of their own affairs banks will not be so generous. an offer can be made, but whether it hits the TP that everyone is looking at is another question. FATABA      ( Date: 01-Jun-2017 15:34) Posted: Good question u asked ......but they may not need their own war chest....some STRONG backing maybe with them. ​ Time will tell.....do u thk they will waste their time if they dont have the $$ kerier      ( Date: 01-Jun-2017 11:05) Posted: does perennial have the war chest to put up a good offer?
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FATABA Supreme	01-Jun-2017 15:34        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Good question u asked ......but they may not need their own war chest....some STRONG backing maybe with them. ​ Time will tell.....do u thk they will waste their time if they dont have the $$ kerier      ( Date: 01-Jun-2017 11:05) Posted: does perennial have the war chest to put up a good offer?
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buffet88 Member	01-Jun-2017 15:26        buffet88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	not so sure about that - both UE, and even perennial shares are up since the news broke! kirana      ( Date: 01-Jun-2017 14:32) Posted: Seems like general public does not think too highly of this event.
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MrSingaporean Member	01-Jun-2017 14:50        MrSingaporean About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope that Perennial analyses carefully. They have done their due dilligence. kirana      ( Date: 01-Jun-2017 14:32) Posted: Seems like general public does not think too highly of this event.
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kirana Senior	01-Jun-2017 14:32        kirana About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems like general public does not think too highly of this event.
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MrSingaporean Member	01-Jun-2017 14:29        MrSingaporean About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hmmm Perennial liabilities are currently alot if they gonna take a big loan dunno if risky. They might leverage on the rental income from UEL. Or etc. Thru leveraging. kerier      ( Date: 01-Jun-2017 11:05) Posted: does perennial have the war chest to put up a good offer?
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joshlai86 Veteran	01-Jun-2017 13:48        joshlai86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	regardless, the price would be at least bv. which is 3.06, 10% upside to current price for a potentially 1-2months max trade.
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kerier Veteran	01-Jun-2017 13:06        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	he is right, thats why I doubt the buyout price can be attractive.  MrSingaporean      ( Date: 01-Jun-2017 11:44) Posted: Go see what MANO SABNANI said on facebook last night. He said "The Perennial Group can hardly afford such a big buy at this stage. Its own borrowings are a load to bear... .... The 1.7 bil takeover could stretch Perennial beyond the breaking point." kerier      ( Date: 01-Jun-2017 11:05) Posted: does perennial have the war chest to put up a good offer?
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TanSiBeiKu Senior	01-Jun-2017 12:01        TanSiBeiKu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe you can also go ask around what sort of friendship & network Mr Pua has with the Chinese. Then maybe u can see the bigger picture. But pls dyodd. MrSingaporean      ( Date: 01-Jun-2017 11:44) Posted: Go see what MANO SABNANI said on facebook last night. He said "The Perennial Group can hardly afford such a big buy at this stage. Its own borrowings are a load to bear... .... The 1.7 bil takeover could stretch Perennial beyond the breaking point." kerier      ( Date: 01-Jun-2017 11:05) Posted: does perennial have the war chest to put up a good offer?
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MrSingaporean Member	01-Jun-2017 11:44        MrSingaporean About Contact  Quote this Post!
x 0   x 0  Alert Admin	Go see what MANO SABNANI said on facebook last night. He said "The Perennial Group can hardly afford such a big buy at this stage. Its own borrowings are a load to bear... .... The 1.7 bil takeover could stretch Perennial beyond the breaking point." kerier      ( Date: 01-Jun-2017 11:05) Posted: does perennial have the war chest to put up a good offer?
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MrSingaporean Member	01-Jun-2017 11:39        MrSingaporean About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hahaha. No, im perfectly fine and was wondering if there is bidding war, will someone offer a high and irresistable price much higher than the offeror to quash competition? It might be possible. No one knows. lglg666      ( Date: 01-Jun-2017 10:11) Posted: You yourself said here on this thread that you doubted the offer can be above $3.80 on 29 May, now you are thinking of $4 to $4.50. Guessed you are still hearing voices in your head and getting dillusional. MrSingaporean      ( Date: 01-Jun-2017 00:28) Posted: Everyone wants a good price offered. Do you think finalised buyer will br very generous and give much more? Like 4.00 to 4.50 a share? Thoughts
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MichaelSchenker Master	01-Jun-2017 11:27        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Does the recent sell-down give us a hint what is to come? After all, 1.7b market value is not really that much to shout about. Hope the offeror factor in the premium. Anyway, they do not only buy the assets, they are buying the business as well. i' m holding on.
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