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Reject the delisting offer by Indonesians
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Zetyeo
Member |
26-Mar-2021 14:30
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I own this at IPO as well. Have a question to ask. Why did SGX allow such useless company to list in the first place. They have done nothing for shareholders since day one. |
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Walkalone
Member |
26-Mar-2021 12:28
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Assuming that they wanted to privatize at 39cents initially........
That means you can wait until next week to see if they are behind the prices done above 39 cents in the last 2 days (including today). If it is them, please feel free to hold because any privatization offer has to be above 39 cents. If Top Global consistently trades above 39 cents like the later part of this week, then maybe they need to offer above 39 to privatize Top Global. Just my hypothesis.
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ahberngh
Elite |
26-Mar-2021 10:28
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Low ball takeovers have become such a big issue for us retailers that I check whether I will make a loss if it occurs before I make any investments nowadays. I have suffered from this too much, the biggest of which was Rotary Engineering (low ball takeover of 46c, if I recall correctly) when I lost over 100k. 
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ProRobot
Member |
26-Mar-2021 10:28
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So should I keep holding on to this stocks until delisting offer?
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Walkalone
Member |
26-Mar-2021 10:06
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Last night, it was announced that the Indonesians bought at 38 cents on 24th March 2021. By 24th March, they accumulated about 0.42% from the open market. Yesterday a lot of bid at 39, 39 is the support for today. We will know tonight if they bought at 39cents yesterday. |
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Walkalone
Member |
24-Mar-2021 09:06
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42 cents this morning. Indonesian' s plan derailed. |
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Sunbrighten
Senior |
19-Mar-2021 22:54
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thanks, yes agreed, a lot of people suffered and can never recover.
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Walkalone
Member |
19-Mar-2021 16:51
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Someone bidding 300-400 lots at 34.5 cents, it could be the indonesians again. I really wonder why they need not make a general offer after taking up more than 8% in the past 2 weeks. |
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Walkalone
Member |
19-Mar-2021 16:49
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Sorry about this. Hope your brother and you can recover your money soon. For some, they lost 10x more or 10 years worth of salary to financial frauds in SGX, and can never recover these losses.
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Sunbrighten
Senior |
16-Mar-2021 18:08
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my brother sold 32,000 shares cut lost 60% last few years, yesterday he sold final shares 33,000 $0.34 yesterday ($11,220), bought in 2015, cut lost another 50%, he wanted to sell long time ago but the price was so low and not moving. his hard earn money, i feel sad introduced him vested his first market stock investment.  i sold mine in may 2018, lost 38K. one of our worst records investment. the company should have a big heart towards the shareholders instead.
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kusje58
Member |
16-Mar-2021 16:53
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This is why
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Walkalone
Member |
16-Mar-2021 13:49
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Why didn' t the Securities Industry Council flag these transactions? They ought to announce general takeover at 39 cents and by delaying it, it is unfair to those who sold in the past few days because they are not aware of the ruling. Or has the ruling changed? |
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Starship
Supreme |
16-Mar-2021 10:07
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Yet another Lowball Offer in SGX Circus Maximus ?
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Walkalone
Member |
16-Mar-2021 09:55
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When a majority shareholder acquires more than 1% within six-months, they must make a mandatory offer. The Indonesian majority owner acquired 8.1% of company' s shares from open market and married deal last week, why isn' t any takeover announced? Source: Page 73 https://www.mas.gov.sg/-/media/MAS/resource/sic/The_Singapore_Code_on_Take_Overs_and_Merger_24-January-2019.pdf Mandatory offers any person who, together with persons acting in concert with him, holds not less than 30% but not more than 50% of the voting rights and such person, or any person acting in concert with him, acquires in any period of 6 months additional shares carrying more than 1% of the voting rights, |
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MarcPh
Senior |
10-Aug-2017 10:04
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Dirty Indonesians told us property market dying. Imagine if TopGlobal was privatized at such steep discount to NTA, we will be banging our heads on the wall now... ... Top global trading at 20% above pre privatisation-offer price (20cents), now about 24 cents. GuocoLand looks to rise in private home pricesChinese developer Qingjian Realty said it is holding back the second phase of sales launch at its Le Quest project in anticipation of possible upturn in the property market.Lendlease had also put off placing new units at Park Place Residences at PLQ on the market after launching 217 apartments for sale in March - in the hope of pricing the remaining units at a higher price subsequently. http://www.straitstimes.com/business/guocoland-looks-to-rise-in-private-home-prices |
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MarcPh
Senior |
20-Jun-2017 10:07
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Non-event and Top Global will probably trade higher than pre-privatization prices as Auditors might reflect the strong numbers from Indonesia, in the upcoming FY-closing results (31-Dec). Debts of Suryamas Dutamakmur is reduced by about 50% in 16/17, so I am expecting stronger EPS for Suryamas Dutamakmur in FY17.
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ysh2006
Supreme |
20-Jun-2017 05:02
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Wayang show ....similar to Chiangtian ....
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jm2212
Master |
19-Jun-2017 22:54
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Take over offer lapsed.....haha | ||||
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jm2212
Master |
06-Jun-2017 18:21
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Why would anyone so stupid to sell in open market with such a low price? Might as well surrender your shares, right? I suspect the management sold this to create fear and sent warning signal that the share price will drop if the take over fails | ||||
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jm2212
Master |
05-Jun-2017 18:21
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Agree 1000% and gave u a thumbs up!
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